By Magni Haakon
Trading currently becomes more interesting. Greater opportunities appear when cryptocurrencies start to appear. Because of the hypes of crypto, now many brokers also include the new digital currencies in their services. There is also Binance that appears to bring different offers. Binance is quite different from other brokers. Binance only provides crypto trading and exchanges so you will not find forex, stocks, and other trading instruments. These are surely interesting and now many people are interested to check binance reviews to get deeper information.
It is true that Binance is specialized in crypto. Even, it now becomes one of the largest crypto exchanges in the world. It is headquartered in Hong Kong and its services are accessed in many places currently. It gains reputations for its great services. It accommodates both professional and new traders and they find convenient in the trading with its user-friendly and high-performance platforms. It also offers low commissions. As for the rating, Traders Union gives Binance high score. It gets 9.5 of 10 and it is enough to say that it is one of the best in the field. There are no worries because it is not only popular but it is also trustworthy because of the good reviews and rating.
In order to check its offers and qualities, it is better to check the comparisons. Points regarding binance vs etoro can become nice references. eToro is not new player in trading market. eToro is also popular broker and now it offers special platform for crypto trading. It has eToroX. In general, eToro becomes one of the big brokers in the world. As for the safety, there will not be any issues. eToro is regulated by FINRA and also SEC. As for its eToroX, it also has its own regulator in Gibraltar. FSC regulates its operation so it gives better safety. Meanwhile, Binance has no regulator and it is not licensed. Even so, it still has its own approach and guarantee of safety. Moreover, it is popular so it will be still safe to trade in there although it is officially licensed.
In term of license and regulation, Binance may not have advantage. However, it will be different when it talks about its trading conditions. These are also reasons why Binance becomes popular nowadays among crypto traders. In term of minimum deposits, both eToroX and Binance has low minimum deposit. However, Binance gets better advantage because it sets its deposit at $10. Meanwhile, eToroX has $50 as its minimum deposit. This is something that still can give differences because lower minimum deposits give better conditions for new traders who have limited funds. Those who are afraid of the risks still can get chance to try with its low deposit.
Then, Binance outperforms eToroX and other brokers when it talks about the platform for trading. Mostly, brokers only provide web and mobile platforms and even there are some of them who only have one of the options of platform. However, Binance gives something different. In addition to mobile and web platform, it offers desktop trading platforms. This means that there are better options to choose and traders can find the most convenient access to trade. Then, Binance gets great popularity because of its vast options of crypto. There are 396 choices of crypto so these also include het altcoins.
