Binance Reviews: 4.0/5 — Solid Choice

I am very pleased that the servants of Binance are extremely stable and since I work with them, they have not fallen. In addition, it has many languages, among them is Spanish and English. I find the views they use excellent, both basic and advanced, because they allow you to start in this world from simple and precise diagrams, to entering the advanced graphics and reviewing it in detail. Binance can be thought of as a wallet, although always when it comes to storing large amounts of cryptocurrencies, I prefer the cold option which are the safest as hardware wallets Ledger Wallet or Trezor. Something very positive is the version for smartphones, it is really very stable and functional. On the other hand, thanks to its chart with TradingView you can customize a large number of parameters to obtain a better visualization. Finally, I have to say that the binance academy is amazing and a great invention for the newbies.

In my opinion this platform does not have a lot of negative points to deal with, although at one time they had a lot of coins that were not reliable and even then, they were commercialized. Something that should be added are the customizable currencies lists. Also, the new IEO does not like me very much, but the excellent quality of the platform makes up for it.

The number of transactions they can make is very large, around 4.5 million transactions per second. Expand my investment opportunities with a broader range of assets. Something very interesting is that, if you like APIs or if you have a good mind for programming, you can easily configure robots to monitor the market for you and tell you when to do an exchange, others also offer this, but it is done more effectively in Binance

I like the amount of trading pairs available and the liquidity

Too many captchas on the mobile app or when using vpn

Binance allows me to trade all my liquid crypto pairs on one exchange

It is an exchange founded in China, very new still but has been gaining confidence among users, Binance was created after an ICO offer and the launch of the BNB token which pays lower fees on the platform, has assistance in several languages, allows trading with more than 100 cryptocurrencies, high liquidity, low commissions for transactions and withdrawals, has 2 ways to see the platform, basic and advanced, I prefer basic.

Binance has some problems in the app android, there are some delays in withdrawals, does not accept fiat money.

When exchanging cryptocurrencies the speed of the platform is a determining factor for the constant fluctuation of currencies, Binance has the capacity to process 1.4 million transactions per second.

Some exchanges, like Coinbase, offer a select few cryptocurrencies for trading. Binance goes the other way, offering hundreds. Trading altcoins isn't for everyone, but for those who do, Binance is the most popular platform in the digital assets space as of 2018 - one year after its launch.

Binance's popularity makes it a huge target. It looks like the exchange spends big on security and defenses, but still, hackers can be pretty genius, and exchange hacks in the pasts suggest a centralized Binance will remain targeted. This isn't being said to scare anyone off, it's just best to recognize that hackers are always probing. To their credit, Binance has held up their defenses adeptly so far.

The advantage has been mainly seen in the ease of making small trades or studying order books by individual team members for analyses.

The best part of binance is the ability to trade a large variety of cryptocurrencies with low transaction costs. The interface is fairly straightforward, and the detailed data given by Binance is helpful for new traders.

Binance can be very slow in terms of website updates, profile authentication, and the like.

I haven't solved any business problems so to speak, but I have realized the benefits in diversifying my portfolio.

I enjoyed the large selection of alt coins, as well as a well thought out (secure) onboarding. It’s helps weed out scammers.

The native iOS app crashes from time to time. You have to rely on a third party app and use there secret key & api for the feeds.

At my old agency, our employees all pitched in for a small crypto fund. Unfortunetly everyone lost their money in the crash. Lol

ease of use, and info in one glance - also speed when placing a trade.

lockouts when too many people are signing on and using

Business investments, trade and purchases, exchanges amongst various coin markets for crypto currancy

Good number of coins that can be traded. Dashboard is great and easy to understand for trading. The best security features along with MFA.

The fees are high and I see market orders take time.

Just daily trading and use wallet as a store

Large number of trade pairs Low trading fees using BNB coin (50% discount in the first year, 25% in second) Very nice mobile app Good security setup and 2FA Easy account setup with no verification for LV1, limiting transfers to 2 BTC in 24hr period Good volume across many trading pairs, offering possibility for day trading on the more popular coins

Trading options are basic, just basic market, limit and stop-loss. Web site will lag or stop responding on high volume trading spikes No fiat trading pair or transfer, must use Tether (USDT) which is a little suspect in regard to it's liquidity Trading and withdrawal minimums and fees for some alts make it expensive to move them from wallet to exchange and back.

At the moment this is just a private use and Binance is primarily geared towards individual and retail investor and beginner traders

Security about login and withdraw . but some items are very complicated

Support chat is automatic computer reply

Delete or disactivate DEFI wallet

They make it relatively easy to purchase NFTs, but the interface get complicated when trying to sell or make any sort of withdrawal to get out of the cryto-ecosystem.

The withdrawal facilities for South Africans.

They're partnering with institutions in South Africa to make it easier to do withdrawals.

Herramienta indispensable para operar con criptomonedas de una forma segura. Tienes posibilidad de comprar practicamente cualquier divisa. Es muy segura ya que cuenta con doble factor de autenticación.

Para usuarios menos experimentados puede que les resulte la experiencia de usuario al principio un poco dificultosa, pero una vez te acostubras a la herramienta se hace sencillo.

Gracias a Binance puedo operar de forma segura con cualquier criptomoneda. Gracias a toda la información que ofrece a tiempo real te permite comprar de una forma muy ágil.

It has a lot of services so if you are looking for something it's really probably Binance has it and you can use all those services. It's a complete solution to start with cryptos.

It has a lot of features but there aren't easy to find. Binance is so huge in services but it's very hard to start working with, the usability and the multiple features you can access by the start makes it very frustrating.

I'm using the multiple earn options like the staking of the cryptocurrencies. I also use it to do some trading and get new tokens. It's one of the exchanges I've already using because it has a lot of tokens availability and services.

The easiness of buying/selling crypto assets, at the same time the wide variety of tokens. Also the possibility of staking in the same platform. Finally, BSC fees are really good when it comes to transferring money from one account to another. Also, I used for the first time the wallet transfer which works between finance accounts of different individuals as a sort of quick transfer without fees, really liked it to pay to friends.

I have had a few very bad experiences with futures. Very unethical when it comes to liquidating positions of the clients. I have had stop losses hit that have not been even close to the stop loss level and I have lost multiple positions for that reason. Once tried to speak with the customer service and the person asked me for proves, but of course, I do not take screenshots every time I am trading. Also, I compared the futures graphs with other platforms, and is absurd how much difference there is when there is a crash to liquidate positions. VERY BAD CUSTOMER SERVICE. Lack of access to customer service, there is no window to speak with someone.

I use Binance to make investments, practically as a bank because I can yield with crypto more than in my bank. I have realized that it is way better when it comes to diversification with small caps than with any other exchange.

You can use it anywhere in the word, you can easily register I love you to upload money to your wallet immediately, very trustworthy and good exchange rates

Not all crypto currency are available. Also sometimes it becomes really irritating through the identification procedure and somehow it's quite complicated to understand how to cash out your investment.

Trading with a cryptocurrencies, investment " long and short run " deposit and withdraw coins for exchange and the variety of options for trading

Binance is provide you to trade crypto with the p2p option and its own platforms also Its having very good UI for both personal begineer and professional level In that so many crypto coin available in that all type of currency in all type of coin option

In UI is bit confusing when 1st time buyer its can not be easy to understand

For divercify your portfolio you need to invest somewhere so i start to invest i this in that option you can buy coin with any of the your current and convert in to the any of coin so it will help to buy different coin option I can but each type of coin and recently its is also available for fix investment plan so that is also good for me

App works fast A great offer of Altcoins Secure steps for account setup and transactions

If you need support, you will wait for life I have been trying to solve credit card deposits in my account for a few days. It is impossible to find support :( All you can find are resources and automated answers. Nobody is available to look into specific queries :(

A great platform for trading AltCoins. You can trade most cryptos using tokens equivalent to the daily dollar price using either the conversion feature or the spot market.

There are a lot of pairs. Its one of the biggest trading platforms for crypto. The variety of options is amazing.

Its laggy and sometimes slow. Maybe due to centralised serves in HK or some other reason, my it may happened that your order is delayed to be placed (not executed)

I trade crypto. It is a very easy place to make money if you know what to do. No running costs - perfect.

The wide variety of coins they offer, their swift action against shady tokens.

Inability to withdraw USD to bank account. Still have to use coinbase in the end.

With its wide choice of coins i've been able to stop using some smaller, less trustworthy exchanges.

The real time information and the number of different currencies available.

The somewhat user-unfriendly interface. The leftover currency bits that amount to lost money.

So far, due to fluctuations in the market, I have not been able to solve any problems - yet - using Binance.

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?