When comparing Ripio vs Binance, the Slant community recommends Binance for most people. In the question“What are the best ways to buy/sell bitcoin?” Binance is ranked 7th while Ripio is ranked 14th. 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.
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Pros
Pro Instant transfers during weekends
If you happen to transfer money into your wallet during weekends, it becomes available after just an hour, so that you don't have to wait for the usual SEPA working hours, which could make you miss opportunities.
Pro You can buy 3 coins
Bitcoin(BTC), Ethereum(ETH) and Dai(DAI) are available to buy.
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 It operates only in Argentine Pesos
This can be cumbersome if you are not in the region. The crypto coins are only exchanged using Argentine Pesos.
Con Slow customer support
They usually take hours to help you with your requests, should you have an issue.
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.
