python xlrd VS Binance

• Simplicity
  xlrd provides a straightforward and easy-to-use API for reading Excel files, making it accessible for beginners and quick implementations.
• Widely Used
  xlrd has been a popular choice for handling Excel files in Python, which means there is a lot of available documentation and community support.
• Efficient Reading
  It is optimized for reading data from Excel files without loading entire data into memory, which is beneficial for handling large files.

Possible disadvantages

• No Write Support
  xlrd is designed solely for reading, and it does not support writing or modifying Excel files.
• Limited to Older Excel Formats
  With version 2.0 and above, xlrd only supports the older .xls Excel file format and does not support .xlsx files.
• Deprecated Features
  Due to changes in dependencies and updates to Excel formats, some features in xlrd have become deprecated or removed, which can limit its functionality.

• Wide Range of Cryptocurrencies
  Binance offers a vast array of cryptocurrencies, including popular ones like Bitcoin and Ethereum, and many lesser-known altcoins.
• Low Trading Fees
  The platform has some of the lowest trading fees in the industry, which can be further reduced by using Binance Coin (BNB) to pay for fees.
• High Liquidity
  Binance is one of the largest cryptocurrency exchanges in terms of trading volume, providing high liquidity and making it easier to execute trades quickly.
• Advanced Trading Features
  The platform offers advanced trading tools, including futures and margin trading, along with various technical analyses charts.
• Staking and Earning Programs
  Binance offers options for earning passive income through staking, savings accounts, and other yield-generating programs.
• Strong Security Measures
  Binance employs rigorous security measures such as Two-Factor Authentication (2FA), Secure Asset Fund for Users (SAFU), and regular security audits.
• Global Reach
  Binance is available in multiple languages and serves users globally, making it accessible to a wide range of traders and investors.

Possible disadvantages

• Regulatory Challenges
  Binance has faced regulatory scrutiny in various countries, which can lead to sudden changes in service availability and regulatory compliance.
• Complexity for Beginners
  The wide range of features, advanced trading options, and a plethora of available cryptocurrencies can be overwhelming for novice traders.
• Customer Support
  While improving, Binance's customer support has been criticized for being slow to respond and lacking in personalized assistance.
• KYC/AML Requirements
  Increased regulatory pressures have led Binance to implement stricter Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, which can be cumbersome for some users.
• Service Outages
  Binance has occasionally experienced system overloads and outages during periods of high trading volume, which can disrupt trading activities.
• Withdrawal Fees
  While trading fees are low, Binance's withdrawal fees for certain cryptocurrencies can be relatively high compared to other exchanges.
• Geographical Restrictions
  Some features and services on Binance are restricted or unavailable in certain countries due to local regulations.

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• I need to read multiple excel files, extract a column from each and compose a new file

  So to get this out of the way first, xlrd has less features than openpyxl and in addition only works with the old '.xls' format, not the newer '.xlsx' format. Even on the xlrd's Github repo it says: 'Please use openpyxl where you can... '. Source: over 4 years ago

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