Not ideal for beginners
Poor customer service
Launched in China, in 2017, Malta-based Binance is among the most popular crypto trading exchanges globally. In 2019,
Binance allows you to buy, sell, and trade cryptocurrency, charging 0.1% on trades. You have the option to earn interest on your coins by staking them for a while and earning an interest rate of between 0.5-10%.
You can purchase crypto using bank deposits, bank transfers, and credit/debit cards, so there are a lot of payment methods to choose from. However, a heavy 4.5% fee is charged on debit card purchases.
For security measures, Binance has an
asset fund as insurance in case user funds are stolen and a 2-Factor Authentication system (2FA), although reviews have reported glitches with the authentication system.