In the wide world of cryptocurrency investing, two major names often pop up when it comes to well-known platforms: Binance and Immediate Edge.
Whilst both platforms are crypto powerhouses, they are vastly different. This often leads to new investors becoming confused about which platform they should sign up for, which can result in wasted time, money, and a lot of stress.
“I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions.”
— Hal Finney
But not after today! Because in this article, we’re going to reveal the major differences between Immediate Edge and Binance and which is best suited to your trading needs. But first, let’s look into the background of the platforms themselves!
Before we begin, it’s important to remember that cryptocurrency trading is highly volatile. Prices can fluctuate wildly and can rise as fast as they fall. Always seek the advice of licensed financial professionals before investing, and never invest more capital than you can afford to lose.
What Is Binance?
Founded in 2017, Binance is the largest crypto exchange in the world and boasts millions of users and its own native token called BNB. From low fees to a range of advanced trading tools, it is a popular choice for experienced crypto traders but is widely regarded as not beginner-friendly.
In its five-year existence, the platform hasn’t been without controversy. It was placed under a serious investigation for money laundering and tax offences by the United States Department of Justice and Internal Revenue Services. Shortly after, Binance was also ordered to cease all activity inside the United Kingdom.
What Is Immediate Edge?
Immediate Edge is one of the most innovative platforms to hit the crypto market in recent years and provides everyday people with the unique chance to invest in the cryptocurrency sector.
Well-known for its fast transactions, high-speed withdrawals of profits, refreshing lack of hidden fees, and flawless signup process, it is a rapidly growing platform with many users. But how does it work?
Immediate Edge has partnered with some of the world’s best crypto brokers. It works through a unique algorithm that pairs its users with a broker platform perfectly suited to their investment needs.
The platform prides itself on being beginner-friendly and often features dedicated account managers to help their users along every step of the way.
- Binance is an Exchange; Immediate Edge is Not
Whilst Binance is an exchange platform; it is completely different from Immediate Edge. The latter is a platform that pairs its users with world-class crypto brokers based on pre-defined information. Overall, Immediate Edge can save users time, money, and stress by taking away the challenge of sifting through the hundreds of crypto brokers and simultaneously finding one that is both suitable for them and legitimate.
- Which has a faster signup process?
When it comes to the time it takes to signup and be approved for these platforms; Immediate Edge is a clear winner. According to Stilt, it can take up to ten days for a Binance membership to be approved. In comparison, Immediate Edge users have reported signing up and being ready to invest in crypto in a matter of minutes.
- Immediate Edge is Beginner-Friendly; Binance is Not
Binance is widely regarded as being the more advanced crypto exchange on the market. It has various impressive tools, charts, and software available for advanced traders to take advantage of. But for beginners, this can be completely overwhelming and confusing. On the other hand, Immediate Edge has built a reputation based on its beginner-friendly ease of use.
- Which Offers More Cryptocurrencies?
Regarding the number of cryptocurrencies offered, Binance wins hands down. The world’s largest crypto exchange has over 600 different digital currencies for experienced traders to invest in. Immediate Edge also has an enormous range (less than 600) but prefers to keep its portfolio compact to make it less daunting for new investors.
- Immediate Edge has Dedicated Account Managers.
As the bigger platform, Binance boasts millions of users. However, this also comes with downsides. One of them is that it cannot match the level of customer attentiveness provided by small platforms like Immediate Edge. An example of this is the lack of dedicated account managers on Binance.
Immediate Edge accounts often come with a dedicated account manager to assist newcomers through each step of their crypto investing journey. In addition, the platform can also provide the opportunity to get a demo trading account which lets you find your feet in the world of crypto investing by using dummy money and not putting your capital at risk in the volatile world of digital finance until you’re ready.
In Summary, Which One Should You Use?
To summarise this article, it’s clear that Binance and Immediate Edge are vastly different platforms. But which one should you use? Well, the answer depends on just what it is you’re looking for.
Suppose you’re a beginner investor looking to find their feet in the world of crypto investing safely, securely, and easily understood. In that case, Immediate Edge will undoubtedly be the platform for you.
Immediate Edge is geared towards beginners and can save its users countless time, money, and stress by automatically pairing traders with a broker perfectly suited to their investment needs.
Binance, on the other hand, is not so beginner-friendly. Despite being a powerhouse in the crypto investing world, it is more reserved for traders and investors with a foundation of experience in trading crypto. For beginners, it can be a steep learning curve.
With more than six hundred cryptocurrencies available, Binance wins regarding the crypto on offer. Immediate Edge’s selection is smaller, but this is due to the platform aiming not to overwhelm newcomers.
So, to sum up:
- Binance – Best for those seeking to invest in an enormous range of cryptos. Mid to advanced knowledge of trading will be very useful. Not ideal for beginners.
- Immediate Edge – Ideal for new and inexperienced traders looking for a straightforward route into cryptocurrency trading through secure and trustworthy brokers that match their investment needs.