Binance Trading Platform Review – The Best Crypto Exchange?

How's it going everyone? It's Austin with the Crypto Playhouse here
and today we're going to be taking a look at the Binance crypto currency trading platform
and their newly released desktop client which addresses a lot of the issues that I had with
the web client. So let's get in take a look and get trading
some alt coins. [opening music] OK, So for the longest time I was just an
absolute die hard Bittrex trader, but I saw from a lot of other people in the crypto space
are now moving over to the Binance platform because they offer some of the newer alt coins
that you can't find over on Bittrex, personally I hold a little bit of some Tron and
these things just aren't even offered on Bittrex.

So I moved over to Binance and I did have
some gripes with the way that the web interface was set up. I didn't think it was the most intuitive,
the charting tools weren't even there. But at this point Binance has released a desktop
client, and I think it really addresses a lot of the problems that I originally had
with using the web interface. So today we're going to take a look at the
desktop client, all links are down below for getting that started, it's very simple, if
you just follow the link it will take you to the page. If you don't have an account yet, you literally
just need an email, create a password and your good to go.

Once you have that, you're just gonna download
the desktop client and once again, it's a one, two click type deal, you don't have to
give it any directories or anything, just next, next, finish. And you're ready to log in and get trading
on the Binance desktop client. Alright, so once you got the Binance desktop
client installed, it's very simple just double click it, start it up and you'll be greeted
here by the market watch.

Now this has all the different cryptos that
are being traded on the Binace platform. We've got the Bitcoin markets are where I'm
going to be trading in, they are slowly building up some Binance token markets, it's not quite
where I would be consistently using it yet, but it is something they're working on, and
of course we've got the Ethereum and the USD Tether markets. Today we'll just be looking at Bitcoin, it
is what I use as my baseline currency or trading. Now if we go over here to exchange, it starts
out with their baseline chart which I think is absolutely terrible, I've no idea who would
trade on a time chart? Just me personally, but that's my opinion. So one of the first things I noticed with
the desktop client is right here you have the compare tab and the beautiful thing about
using this compare feature is I can actually come in here and I can look for my different
cryptos that I'm either actively trading or watching and looking for a trade.

So I'll add in a few here, and as you can
see just click on the empty space, search for your coin and once it's there just click
on it and you can watch multiple, so I'll change this over to my five minute candles
and as you can see here, we've actually got a nice little layout were I can sit here and
I can watch four different cryptos at the same time, which I really would like to see
expanded to eight, twelve, sixteen, but you know the crypto space is new. Everything is kinda up and coming, hopefully
Binance works on that, but for the moment it's still a step up from anything else we've
had on the table yet. So as you can see here with our four cryptos
that we're watching, if you click on those, it will actually show you the order book and
the trade history right here on your watch page and you can come down here and make your
limit, market and stop orders while watching all four of those cryptos, or on the direct
chart. Now for the direct chart and just looking
at single crypto all you do is click on the one you want to watch, we're going to come
over to candle sticks and set it to my usual five minutes and as you can see here, we've
actually got full size chart, much easier to read.

It's I think more intuitive than their web
interface and it does have a lot more options for the different indicators and methods of
analyzing your charts, so personally I use the stochastic RSI, of course my MACD, the
one unfortunate thing I will say is when you come in you're actually going to have to set
up your indicator values each time which I'm not a huge fan of but the desktop client is
relatively new so it's not that big of an issue. But having these tools and being able to add
in you know multiple indicators on the main chart having your stochastic RSI, having a
commodity channel index is a huge step up from the web interface and really that was
my one thing holding me back from completely converting over to Binance, but now that I've
gotten on the desktop client, I've seen how much better the tools over there are.

I really think that my migration to Binance
platform from Bittrex is pretty much complete at this point, I see no reason to stay with
an exchange that is going to charge me higher fees and not offer the newest coins, so I
really think Binance is the way to go these days. Alright, so even if you're looking at all
four of your charts here, as I mentioned before. You can actually make your orders directly
from the four chart analyzer which sometime you need to make a quick move is really useful
because you might want to keep an eye on the others while you're still holding your positions
on a certain currency.

So one of the things that I like for this,
I don't usually tend to use it on order entry, but where I will do is come in, I'll make
my main purchase and then as things start to move, if I want to get rid of my position
kind of in sections, I love that Binance has these options here for 25, 50, 75, and 100%. Because as things start to move, I can cover
most of my position early, if I feel like it might be a little bit risky of a trade
and then as things continue to kinda level off, I can get rid of the rest of my position
but it gives you a little bit of a safety net and it's much easier than having to enter
in the number of shares you're getting rid of, having to calculate that in your head,
it's really just a one two click and it makes things very simple.

Now Binance did release the desktop client,
but they also have a mobile app for the Binance platform on the Android App Store, and that
one is ready to go, it's all packaged and done, there is an option for IOS, but it's
still in Beta so if you want to install that, you're going to have to allow installations
from third party platforms and that should get you set up. You can use it, but as right now it is definitely
not as polished as the Android version. We've got links for both of those down in
the description below, so hope you guys liked this video and definitely check out Binance.

I really think it's where the crypto currency
trading platforms are going to start gravitating towards in the future. I really think they're going to e the shining
example of what an exchange should be..

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