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Add to SafariWhen comparing Binance vs Spatium Keyless Bitcoin Wallet, the Slant community recommends Binance for most people. In the question“What are the best multi-currency software crypto wallets?” Binance is ranked 5th while Spatium Keyless Bitcoin Wallet is ranked 9th. 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 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 Keyless technology
There is no Private Key. It is replaced with an encrypted set of secrets, distributed between user's device and professional security provider.
Pro Fiat/Crypto-to-crypto exchange
It is possible to purchase crypto with USD, GBP, EUR, etc. and swap crypto to crypto.
Pro Conditional authorization
You can improve security by establishing limits for transactions, adding addresses to Whitelist.
Pro 100+ coins and tokens
All popular coins and ERC-20 tokens
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.
