Binance Pros:
- Low fees
- 2 BTC a day withdrawl rate
- They have certain trading pairs that other exchanges don't
Binance Cons:
- New Exchange without a ton of history
- KYC rules and regulations are likely to catch up to those 2BTC a day withdrawl limits
The whole Binance coin thing is how you get the low fees on the platform. Basically, if you have some BNB in your wallet and choose that for fee payment you only have to pay .05% instead of the normal .1%. Either way though, the fees are some of the lowest around.
Definitely a better platform for liquidity/spreads than Bitshares at the moment. Most all of the trading pairs have really good volume.
I play the spreads on both Bitshares and Binance and make money on both, but definitely takes a lot longer on Bitshares due to lack of volume.
Should have added liquidity to the Pros, another Pro, ease of use and a fairly stable website. Good article and comments, have upvoted accordingly.
Thanks a lot for this intel.