Recently Bitcoin Cash / BCash has come out on Coinbase and Coinbase totally FUBAR'd it. Somehow, it is not entirely clear, Coinbase lost historical data, BCH wasn't deployed properly, It had a sell price of 9500.00 initially and then finally It halted all trading on it.
This should have been a seamless transition to add a new set of trading pairs. Other exchanges have been able to add bitcoin cash without issue and don't inflate the price by 200%. Coinbase has huge influence over the market and by botching this release they put a black eye on the industry and were the catalyst for the most recent crash.
Trying to find an exchange that is available in your country and regularly improves is difficult. I have used numerous exchanges (Coinbase, Kraken, Bittrex, Binance, Poloneix, Bitfinex) and they all kind of follow the same trend. Recently i was encouraged to look at binance and I thought nah I'm happy with bittrex. Though Bittrex doesnt have its own native mobile app which was discouraging I used a browser for logins when out. This got tiresome.
Coinbase - Great for newcomers. Amazing for the fact alone that you can buy with FIAT. The down side are the insane fees and lack of altcoins
Bittrex - At first I loved it for the altcoins but then I realized that it crashes a lot when there is high volume. Withdraws are extremely long, Support is garbage, Interface is integrated using tradingview (no native graph) so they are dependent on a 3rd party to show their graph.
Kraken and Poloneix - Both seem to go down at the inopportune time.
Binance - So far has been pretty nice. Granted it is overseas and there is that risk however they have a slick mobile app (picture below). The interface is fairly easy to view and it automatically gives a USD estimated amount on the trading page. It has not been hacked up to this point as far as I am aware.
The overseas portion is a double edged sword. More crypto trading happens in Asia so the prices tend to be higher. If you are interested in arbitrage then this could be a good tactic for you. I have seen binance be up to .08 cents higher for XRP than on bittrex. I have no experience with their support yet as I have not had any issues depositing and withdrawing. Overseas does come with some risk because if it is outside of your native country then any legal claims may be difficult. I have no direct experience with this as I have had no legal claims to make up to this point.
I
Another advantage is that once you receive a coin address on binance it is the same forever. It does not change. GDAX/coinbase will generate multiple address which is nerve racking for me because I dont want to manage multiple or 2nd guess the address I sent to or receive from.
Forking
I didnt even realize that I had received Bitcoin Gold on binance until it showed up. Also super Bitcoin.... They seem to do a good job of trying to give you the coins you deserve unlike other exchanges that do not support them at their own discretion.
Lab Funding
Binance also has a Lab feature where the help you work on pre-ICO projects. They want new coins to come to their exchange. The ICO will show up under their launch pad which you
Competitions / Giveaways / Freebies
They have giveaways that I have not participated in but this gives more credit to the idea that they want to integrate with their customers instead of just being an arms length exchange.
I would venture to say that as binance continues to gather support we will see more features that will make trading easier.
Give it a shot if you like. The least you should do is create an account and experiment with the interfaces.
