is binance better than poloniex

Binance and Poloniex are two of the most popular exchanges in the cryptocurrency market. They both offer a wide range of trading services, including digital assets, CFDs, futures, and options. While both exchanges have their unique features and trade styles, it is important to understand their differences and compare them to determine which one is better. First and foremost, both exchanges have their unique trading platforms. Binance offers a mobile app and desktop platform, while Poloniex has a web-based platform. While the mobile app is more convenient for mobile traders, the desktop platform is more user-friendly for desktop traders. Ultimately, the choice between the two platforms depends on the trader's preferences and trading style. Another key difference between Binance and Poloniex is their fees. Binance's fees are generally lower than those of Poloniex. However, this can be offset by the fees associated with other services, such as margin trading and deposits. Additionally, Binance offers more trading options and a wider range of digital assets, which can be a deciding factor for some traders. Another important factor to consider is the trading speed. Binance has a faster trading speed than Poloniex. However, this is due to the fact that Binance has a faster network infrastructure and is backed by a more powerful infrastructure. In contrast, Poloniex's network infrastructure is slower, which can be a limiting factor for some traders. In conclusion, neither Binance nor Poloniex is better than the other. They each have their unique features and trading styles that cater to different trader preferences. Ultimately, the choice between the two exchanges depends on the trader's goals, preferences, and trading style. It is important to research both exchanges and their features to determine which one is most appropriate for your needs.