There are several reasons why Binance is so great:

* Large trading volume and strong liquidity: Binance is one of the largest cryptocurrency exchanges in the world, with a daily trading volume of more than billions of dollars. This means that users can easily buy and sell various cryptocurrencies without worrying about insufficient liquidity.

* A wide range of supported cryptocurrencies: Binance supports the trading of hundreds of cryptocurrencies, including mainstream cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, and various altcoins. This makes Binance a one-stop platform for investing in cryptocurrencies.

* Low transaction fees: Binance's transaction fees are very low, with a handling fee of only 0.1% for most trading pairs. This makes Binance an ideal choice for users who trade cryptocurrencies for a long time.

* Safe and reliable: Binance has adopted a variety of security measures to protect the security of users' funds and information, including two-factor authentication, cold wallet storage, etc. Binance has not had any major security incidents so far.

* Rich in functions: In addition to providing basic cryptocurrency trading functions, Binance also provides a variety of other functions, such as fiat currency deposits/withdrawals, coin-to-coin financial management, futures trading, NFT trading, etc. This makes Binance a comprehensive platform that meets various investment needs.

Of course, Binance also has some disadvantages, such as regulatory restrictions in some countries and regions such as the United States, and the platform sometimes goes down. Overall, Binance is still a very good cryptocurrency exchange and the preferred platform for many investors.

Here are some more detailed discussions about the advantages and disadvantages of the Binance exchange:

Advantages

* Large trading volume and strong liquidity: Binance's trading volume is one of its biggest advantages. This allows users to easily buy and sell various cryptocurrencies without worrying about insufficient liquidity. For example, on May 19, 2021, Binance's 24-hour trading volume reached US$76 billion, making it the world's largest cryptocurrency exchange at the time.

* Many types of cryptocurrencies supported: Binance supports the trading of hundreds of cryptocurrencies, including mainstream cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, and various altcoins. This makes Binance a one-stop platform for investing in cryptocurrencies.For example, as of June 20, 2024, Binance