More or less – Binance offers two versions of their trading interface—beginner and advanced. By offering two versions of the interface Binance gives traders of all skill levels an ideal interface to exchange cryptocurrency. While I think Binance has great user interfaces for trading, the rest of the platform could use an update design-wise.
Yes – Thanks to a beginner trading mode and a minimal navigation, Binance is very beginner-friendly.
Yes – Binance offers a basic support center with answers to some of the most common questions.
Binance allows you to pay all fees using their own BNB token. By doing so, you only have to pay 50% of the 0.1% fee. It’s a really great option but it should be noted that this will decrease over time. Binance is planning to phase out the fee discount incrementally over 5 years.
Binance is one of the few exchanges to not suffer major outages in recent months from the huge surge in cryptocurrency trading demand. In just a few months Binance has gone from nothing to one of the largest cryptocurrency exchanges in the world by 24-hour trade volume. It looks like they’ve built Binance to scale. I haven’t experienced any issues at all with Reliability.
Yes — iOS and Android. Although, it’s rumored that the Android version of the app is more reliable. I read several complaints from iOS users about their version of the app.
When it comes to cryptocurrency exchanges, size doesn't always matter. Some of my favorite exchanges aren't necessarily the largest in terms of 24-hour trade volume. As an American, I'm not even (technically) allowed to trade from several of them. But in the case of Binance, ranked 4th globally by trade volume, bigger might just be better. Larger volume means greater liquidity, which means faster order matching and a few other benefits.
I'm a big fan of Binance's beginner and advanced trading modes. I think both accomplish their purpose nicely. Overall, I can see why Binance has grown so quickly. It's a nice platform, that's easy to use, and offers excellent liquidity.
If you like to trade altcoins, Binance is a great bet.