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Outstanding Features

1. Binance Futures

If you want to challenge yourself with derivatives and leverage trading, Binance Futures is a very strong choice. It is one of the leading derivatives products, allowing you to trade with high leverage (up to 125x), suitable for those with deep knowledge of the market.

2. Binance Earn

Binance Earn is a feature that helps you earn interest from depositing cryptocurrencies. I have used Flexible Savings - allowing withdrawals at any time and receiving daily interest, feeling quite convenient when not having to trade continuously but still having passive profits.

3. Binance Launchpad and Launchpool

If you want to invest in new and promising crypto projects, Launchpad and Launchpool are the opportunities you cannot miss. Binance constantly introduces new projects and allows users to participate in buying tokens early. A few times I was lucky enough to invest in projects through Launchpad and get a decent profit.

4. Security

Binance is very concerned about security. I have set up 2FA (two-factor authentication), which helps protect my account from any risk of being hacked. In addition, features such as KYC verification also ensure the legitimacy and safety of transactions.

Transaction Fees

Trading Fees on Binance
One thing that I think many of you are interested in is the transaction fee. Binance has quite competitive fees compared to many other exchanges. The default transaction fee is 0.1%, and if you use BNB to pay the fee, you will get a discount on the transaction fee. I encourage everyone to keep some BNB in ​​their wallet to save costs when trading frequently.

Customer Support

My experience with Binance customer support has been positive. When I had issues withdrawing funds, I contacted the support team via live chat and received a fairly quick response. However, due to the large number of Binance users, the response time can sometimes be a bit slow.

Strengths and Weaknesses

If you want to challenge yourself with derivatives and leverage trading, Binance Futures is a very strong choice. It is one of the leading derivatives products, allowing you to trade with high leverage (up to 125x), suitable for those with deep knowledge of the market.

Strengths:

  • Product diversity: Binance is not only a trading place but also provides many services such as staking, lending, futures, launchpool.
  • User-friendly interface: Suitable for both newbies and professional traders.
  • High security: Binance has suffered a number of hacks but has always had reasonable compensation measures for users.
  • Low transaction fees: Especially when using BNB to pay. 

Weaknesses:

  • Too many features: For beginners, the number of products and services can be confusing and difficult to use effectively.
  • KYC procedure is a bit complicated: If you are not familiar with identity verification, this process can take time. 

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After more than 6 years of experiencing Binance, I can say that this is one of the best and most trusted crypto exchanges. With a variety of products, features and high security, Binance is really an ideal choice for both new and veteran traders.

However, remember that investing in cryptocurrency is always risky. So take your time to learn and invest the amount you are willing to risk. If you are looking for a reputable and feature-rich trading platform, Binance is definitely worth checking out!
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opefully this article will help you have a clearer view of Binance and decide whether to use it or not. If you have any questions or comments, do not hesitate to share them in the comments section below!

Good luck in your crypto investment journey!

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