Most versatile crypto investments app for the average Jo
I've experimented with a couple of crypto apps, including Coinbase and CoinSpot, but to be honest, none of them can quite match up to Binance. Binance outshines the others in several key areas:
1. Lower fees.
2. User-friendly options for purchasing crypto with Visa or direct transfers (most cost-effective).
3. Extremely straightforward staking of crypto with highly competitive APY. For me, that one was a big plus, as I couldn't find many other apps supporting staking.
4. A wide range of trading pairs.
5. Access to margin accounts in addition to the regular spot accounts.
6. High-level security (including MFA and biometric authentication). It's worth noting that the other apps also support these fundamental security features.
7. API access for developers.
The only aspect where Binance doesn't excel is in the overall design of their app and platform. Given the extensive functionality offered by Binance, it's easy to get lost in their menus, and the navigation isn't particularly user-friendly. When I look at their app, I get the impression that their product strategy prioritizes adding features as quickly as possible at the expense of design. In my opinion, a truly exceptional company doesn't have to choose between these two aspects; they can excel in both.
In any case, if someone were to ask me for a crypto trading app recommendation, I would wholeheartedly recommend Binance.
Date of experience: September 02, 2023