When comparing Virwox 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 Virwox is ranked 21st. 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.
Ranked in these QuestionsQuestion Ranking
Pros
Pro Buy with paypal
You can purchase bitcoin using paypal, but the fees are high
Pro Buy with credit card
You can purchase bitcoin using your credit card, although the fees are high
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 Very high fees
High fees, you usually end up paying at least 10% more than market rate
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.