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Binance Reviews & Product Details
Binance is a preferred crypto trading platform from Bitcoin to NFTs. Binance is a well-known crypto trading platform for its low fees. It provides unique access to proprietary cryptocurrency, BNB, which lets users buy and sell other coins. For users who want to delve into crypto trading swiftly, Binance is a great option, particularly for those with limited budgets.
| Capabilities |
API
|
|---|---|
| Segment |
Small Business
Mid Market
Enterprise
|
| Deployment | Cloud / SaaS / Web-Based, Mobile Android, Mobile iPhone |
| Training | Documentation |
| Languages | English |
Binance Pros and Cons
- Low instant and non-instant buying fees so you can get started fast.
- Extremely popular app with a fantastic reputation.
- Proprietary cryptocurrency for convenient buying and selling with minimal fees.
- Expensive for credit and debit purchases.
- Not available in some parts of the US.
- No crypto-to-crypto.
Buying & Selling crypto for different currencies
Binance withdrawal charges should not take
Yes it's much better to do forex trading
It has more number of cryptos compared to the other application. Many options are there to buy crypto here. One can buy crypto either in rupees or dollar, so it supports different mode of payments
Can't able to convert dollars to rupees. It's not user friendly. Can't able to withdraw my money to bank account. Instant withdrawal is not possible it takes more time to deposit my money. Difficult to exchange with other cryptos
Easy to access the price of cryptos. It has almost all Currency and can buy them in dollars and rupees. Graphical representation of each crypto made it easy to analyze. Can buy from anywhere and at anytime.
Binance is great for transaction fee and number of coins listed.
Their verification process is garbage and takes for ever. I wanted to buy ADA when it was 0.1 and they did not approve me for three weeks and by the the price went up to 0.86 If you want to buy a time sensitive coin, forget about Binance. Kraken is better but it has major issues as well, but that's another story.
Availability of multiple alt coins although Binance US is a little more limited.
Market Binance allows smooth withdrawal smoothly and very fast help. and I like the trade here. It is a very versatile and efficient market that offers a variety of very required options and interesting, in addition to offering a high security of the funds that we found in it, on the other hand it always keeps innovating something that is very important in the technological sector
it has some details that it must polish so that it can reach the maximum efficiency and effectiveness that it needs.Verification process is so hectic. User has to put a clear image as well as the login link doesn't work sometimes. User has to write "binance with name and date on it. If the user doesn't have computer with clear webcam the user won't be able to get verified.
I am a personal user trying to balance out my investments by diversifying out of usual equity stock.
They are quick to list new crypto. I like that they have a variety of ways of exchanging one crypto for another. I like that their sell orders are percentage based.
I would prefer it to be darker, more physical buttons (1 hour, 1 month, etc), more technical analysis indicators.
It's a better way of investing your money than keeping it in a bank account.
Exchange rates, many cryptocurrencies P2P users amount.
What a "secure" and "independent" way to manage your crypto with Binance, huh? I thought the same until $16,700 of mine was frozen on Binance. On January 15, 2024, while attempting to transfer my crypto, I received a message stating my account was frozen due to a violation of the Terms of Use. The next morning, I discovered my account was completely banned, with no access to withdrawal functions. I decided to investigate the matter myself and discovered that my decentralized USDT wallet, which I used to top up my Binance account, was flagged with a 100% risk level. Upon inquiry, amlcrypto informed me that the risk was associated with deposits from garantex, which is now under sanctions. It's worth noting that amlcrypto support resolved my query the same day for a $1 fee, whereas Binance has taken months to address an issue in an account with over $20 million in turnover. (ID 177504654 ) I encountered a similar issue with Payeer, but they simply reversed my crypto transfer and refunded it, clearly stating the reason. With Payeer, I had no trouble getting my money back. However, Binance refuses to return funds, fabricating excuses and deadlines out of thin air, seemingly to hold onto your money as long as possible. It seems we've discovered that anyone can send you tainted crypto, and Binance will freeze your funds indefinitely. I was also disappointed by the lack of honesty from their support team. Now they adjusting dates of review, added 14 days more, scammers.
Exchanges money
Nothing to report thus far, I am thoroughly disappointed.
Binance facilitates the scammers to scam innocent people. I recently had been a victim of scammer who scammed to almost £2k in promise of online work, and this was only possible due to Binance providing them with a platform to scam people. They register with Binance as a verified users, which means Binance can penalise them if they are scamming other users. I complained to Binance with all the proof. After their investigation, they said they would be punishing the scammers but they said they would not be able to help in recovering the loss. I immediately understood that they get a 'big cut' on these stealing from these scamming nexus, I strongly feel they are part of this nexus. Please be warned, Binance cannot be trusted. They are part of the criminal nexus.
Nothing it is solving for me. I strongly feel that it facilitates scammers to operate freely and scam innocent users.
The interface is quite okay - you have a lot of functions there.
Don't get misled by the fake exchange rates shown on this platform! I just lost BUSD 150, because of some false transaction prices on Binance. You better search for a trustworthy platform!
It helps me buy cryptocurrency.
The platform has a nice look and feel to it. Very easy to understand what it is that your are trying to do. If you can manage to get past the sign up process.
It took me several tries. to get the sign in process to work. I first used my passport which is noted to be an acceptable for of verification. only to get an email saying that they do not accept a US passport. (??) took me 2 months to finally get my account accepted. now I have to reset my banking information every couple of months. really annoying. My wife is currently trying to get an account. it took literally 3 months for binance support to tell her that her verification process failed because her photo of her id was not clear enough for them. Now using the verification process to take a photo Via the cell photo, the app they use doesn't allow for your phone to focus to take a clear image. We tried three seperate phone. all had the same problem. (it doesn't focus to take a clear photo) Binance your verification process sucks! Other services that require the same verification process have systems that work much better during the process. ALSO, I don't have to verify my attached bank account every month. it seems more like Binance is doing everything they can to discourage the use of their system. Get rid of Jumio.io and find something better.
The support team does not come up with solutions. If they want to solve a problem with their verification it would be better for their customers.
Yeah, it was very easy to buy some Doge through Binance, no problem there.
2 weeks ago, Binance asked me to withdraw all my money because they were no longer taking U.S. based customers. So I tried to do this several times, plus I chatted three times with a representative. Every time they told me that the problem is fixed, I can withdraw now. But no, it was impossible to sell my Doge coins. Today I tried again and my account is closed. Lost all my money.
No benefit, just total loss. Where did my money go?