When comparing Binance vs Satoshi Tango, 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 Satoshi Tango is ranked 12th. 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 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.
Pro Seriousness
Support staff conducts with seriousness and professionalism, and they are very watchful of regulations. They will be most likely operating for a long time. This is the biggest draw for people who want to declare their crypto for tax purposes in South America.
Pro It also allows you to pay your bills
You can pay your utility bills and recharge your prepaid phone using the site.
Pro You can buy multiple coins
You can buy BTC, ETH, LTC, XRP and BCH.
Cons
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.
Con They deal primarily in Argentine Pesos
Although you can load up using USD as well, there are very few options for transferring USD.
Con They are overzealous of regulations
Each time you make a money transfer, or fill your wallet using any of the methods available, they will ask you for confirmation pictures, receipts, etc. This is common the first time using most exchanges, but Satoshi Tango asks you to prove and verify EVERY TIME. Not fit to buy bitcoin on a rush.
Con Its trading section is VERY rudimentary
It doesn't even have charts.