With crypto coins in your possession it is more about being your own bank. Moreover, you can enjoy the benefits and privileges of a decentralized and distributed world in which you manage the crypto coins without any censorship.
But someone who has been working on this for some time may have realized that some of the critical areas of this crypto world are still prone to a single point of failure and thus are not distributed. As an example we can take a cryptocurrency exchange. Italy crypto is popular.
We all probably have our own favorite exchange, and we depend on this exchange to some degree. Many of these crypto exchanges are also centralized, which means that in principle they can close at any time or make a stop for new users.
It is therefore a good idea to spread your risk and use different exchanges so that you are not dependent on one exchange.
Many of you who are reading this blog will think Binance is quite a good exchange, I honestly think so too.
Still, it’s always a good idea to exercise caution and spread your risk by using Binance alternatives at the same time.
Besides the fact that Binance is also the largest exchange in the world at the moment, it is also not the holy grail of all exchanges. There are quite a few things you can fault on Binance and we are going to do that. Crypto in Spain is popular.
Take a good seat, and when we are ‘done’ with Binance, we will then look at various alternatives.
If you don’t have any to read further, you can also watch this video that explains various alternatives to Binance in just under 18 minutes, including an explanation of the same Binance.
