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Add to SafariWhen comparing Stash Invest vs Binance, the Slant community recommends Binance for most people. In the question“What are the best trading platforms?” Binance is ranked 5th while Stash Invest is ranked 6th. The most important reason people chose Binance is:
You can easily transfer in almost any current coin, no matter how volatile, and transfer it to the relatively stable BNB token.
Question Ranking
Pros
Pro Has lots of tips and guides
You can find useful guides and advice linked on the app to help you invest smarter.
Pro "Auto stash"
User can set up auto investments every week/2 weeks/month.
Pro Easy for beginners
The app has a categorized list of stock "packages" that are comprised of different stocks that are related. For each of those packages you can see the ticker name, what stocks are in it, the stock performance, risk level, etc.
Pro No transaction fees
Using the app costs $1/m but there are no other costs so you can move your money around very easily.
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 Can't invest in specific stocks
The app allows the user to choose from a predefined list of stock packages and doesn't have the ability to search for a specific company and invest in it.
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.
