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Main platform features: Low fees, comprehensive charting options, and hundreds of cryptocurrencies
Fees: 0.015% to 0.10% purchase and trading fees, 3.5% or $10 whichever is higher for debit card purchases, or $15 per U.S. wire transfer
Number of cryptocurrencies supported: Over 500 for global traders on Binance. 60 available for U.S. investors on Binance.US
Security features: Two factor authentication (2FA)verification, Federal Deposit Insurance Corporation (FDIC)-insured United States dollars (USD) balances for Binance.US, device management, address whitelisting, cold storage
Types of transactions supported: Limit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more
Maximum trading amount: Limits differ based on the cryptocurrency purchased
Pros
Over 500 cryptocurrencies for trade
One of the cheapest platforms to use
Massive selection of transaction types
Cons
U.S. customers can’t use the Binance platform, and the Binance.US exchange is very limited
It can be overwhelming, even for experienced users
No built-in digital wallet
In regulatory trouble in several countries and under investigation in U.S.

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