Binance is a world-renowned cryptocurrency exchange, and Trac is an up-and-coming one. So, are they the same?
Absolutely not! Binance is a centralized exchange while Trac is decentralized. This means that with Binance, you are entrusting your funds to a centralized authority, whereas with Trac, you are in control of your own funds.
Another key difference is that Binance requires you to go through a rigorous KYC process in order to trade on their platform, whereas Trac does not. This makes Trac more attractive to users who value their privacy.
So, while Binance and Trac may both be cryptocurrency exchanges, they are very different in terms of how they operate and the services they offer.