What problem does this service solve?

Binance is one of the largest crypto exchanges.Bancor is a decentralized exchange protocol that is based on a smart token that enables other tokens to be more easily exchanged.

Token Stats

Company Description

Binance is the largest cryptocurrency exchange by trading volume. The large trading volumes and range of cryptocurrency pairs available for trading, make Binance one of the most influential companies in the blockchain field. The Binance Coin (BNB) gives holders a discount on trading. Binance is capable of processing 1.4 mil orders/second, has multi-language support – Chinese, English, Korean, Japanese and has all the major coins available – BTC, ETH, LTC, BNB etc. Binance's trading fee is 0.1%.

Bancor is a decentralized exchange protocol that is designed to increase liquidity for Ethereum and EOS tokens. The company has been at the center of the debate about Decentralized vs Centralized Exchanges, as well as the overall need of institutions to serve as a hub for decentralized networks. Their protocol, and exchange, enable any token to hold one or other additional tokens in reserve. Bancor allows conversions between tokens on their decentralized exchange with smart tokens that increase liquidity, and establish market prices for smaller tokens. Specifically, for those that do not have large trading volumes. Bancor tokens facilitate the exchange and act as a connective tissue, and have a centralizing effect on the exchange.

Ratings

Overall

4/5 (1)

5/5 (1)

How easy is it to open a new account?

5/5

5/5

How easy is to make trades on this exchange?

4/5

5/5

How good is the selection of coins?

5/5

5/5

How reasonable are the fees?

4/5

5/5

How secure is this exchange?

5/5

4/5