When comparing BitFinex vs Binance, the Slant community recommends BitFinex for most people. In the question“What are the best cryptocurrency exchange platforms?” BitFinex is ranked 1st while Binance is ranked 3rd. The most important reason people chose BitFinex is:
With a higher volume of trading across the basket of altcoins and cyrptocurrencies, orders are filled faster and at better prices than most other exchanges
Ranked in these QuestionsQuestion Ranking
Pros
Pro Most liquid exchange in the world
With a higher volume of trading across the basket of altcoins and cyrptocurrencies, orders are filled faster and at better prices than most other exchanges
Pro Comparatively safe base coin
You can easily transfer in almost any current coin, no matter how volatile, and transfer it to the relatively stable BNB token.
Pro Protection
Binance has many unique proprietary methods for combating fraud. Including protecting users from bad coins. While rare, problem coins are delisted extremely quickly.
Pro Every major coin
And most minor ones. Excluding fraud and bankruptcy, it’s easy to get listed and very difficult to get delisted.
Pro Comparatively save base coin
You can easily transfer in almost any current coin, no matter how volatile, and transfer it to the relatively stable BNB token.
Cons
Con Occasional payment problems
Ever since early 2017 payments would randomly not show up or not send at all.
Con Overwhelming and confusing
The extreme volume of both trading options and supported currencies, combined with poor help, makes it overwhelming for beginners.
Con BYOC (Bring your own coins)
Binace does not have a fiat to currency system. The only way to trade on binance is to buy their private currency, or deposit crypto from other wallets/exchanges at a fee.
Con No buy in
Binance does NOT offer direct fiat to crypto transactions. You can only buy into the binance currency, which you then trade for other coins.