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 |
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Segment |
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Deployment | Cloud / SaaS / Web-Based, Mobile Android, Mobile iPhone |
Training | Documentation |
Languages | English |
Compared to the other exchanges, Binance has numerous great features, simple, easy, and fast. The most helpful quality of the application is P2P, and it gives the user plenty of options to buy or trade crypto either by Bank transfer, Visa, or MasterCard. Application security is a plus.
The iPhone app of Binance consumes a large volume of mobile data.
I am trading cryptocurrencies with my mobile phone. I don't need to have a proper computer to use the application. Binance is available on all platforms iOS, Android, and desktop.
The P2P is very secured in Binance which means no chances of getting scammed. The leveraged tokens are the most i used in Binance because of less chances of getting liquidated. Very professional exchange platform for both beginners and professionals
The P2P is very glitchy/buggy. The messages in P2P won't sync correctly. Always get disconnected when I chat. When i minimize binance to transfer money, the p2p chat get disconnected and take very much time to reconnect! This is not expected for big exchange like Binance. But thinking about security, this is negligible.
The leveraged tokens the the biggest benifit for me. As I am less in Marzin tradings, It's hard for me to do trades with leverages and might run out of marzin to get liquidated. So leverage token is the primary benifit in Binance for me.
I am a TR Binance user, one of Binance's affiliates. I can say that it is the most easily used portal in Turkey. I had a lot of problems with language support in Gateio. I manage my crypto portfolio quite easily and practically with Binance.
High latency for international money transfers. Last week I waited 1 hour for bitcoin worth $500
I manage my BTC and ETH type of money transfers. I also manage my transactions for many altcoins. And very soon I made a contribution to the NFT for good campaign launched by Binance.Currently working at an NGO, I was inspired by Binance for our NFT for good project.
Alot of cryoto coins including trending coins are available in binance for buy and sell . I mostly use it to trade and receiving cryoto and selling them . Best thing is that its interference is good and app is easy to use and it can be connected to wazirx to transfer crypto or funds and to withdraw it local currency to bank . Awesome app and feature.
Directly sell option option is not available . we have to use to P2P feature or have to transfer it to wazirx by connecting it .
None. I can easily exchange crypto and receive it.
What I like most about Binance is its popularity and reputation. Currently Binance is the largest crypto exchange in the world, so I am completely comfortable using it to trade bitcoin as well as store some other types of altcoins. In addition, I can access Binance's services all over the world without any geographical restrictions. Binance also has a mobile app on Android and iOS that makes it easy to access anywhere. Furthermore, the usage fee of Binance is very cheap in my opinion compared to some other similar services. You can also use Binance's coin BNB to receive discount on transaction fees. Another thing I like about Binance is its interface is very easy to use. I think Binance's interface is the clearest and most intuitive of all crypto trading platforms today. Although crypto trading is quite complicated for beginners, with Binance I don't spend too much time getting used to it.
What I don't like about Binance is that it does not support fiat currencies, so you need to buy cryptocurrencies elsewhere then transfer them to Binance to be able to use them. This for me is quite inconvenient. In addition, the customer support team of Binance is not good, I have to contact them on issues related to my account many times, but I often get their feedback quite late, sometimes I have not receive any response at all. This is completely unacceptable. Although Binance still have some things that I do not like as above but in general it is still a good trading platform at the moment.
I use Binance to trade bitcoins and some other cryptocurrencies. Binance is now a popular platform, trusted by many people so I am very comfortable using it.
I personally enjoy Binance for its ease of use, not only is it very simple to sign up for but also has incredible safety features like 2 factor authentication and phone authentication. They provide a turnkey solution to the system of PoS ( Proof of Stake ) for many different crypto assets, giving the user the ability to earn passive income simply by leaving it in the on platform wallet.
There is very little I can say I dislike about the Binance platform, one of the only down sides of the exchange to me was that for a brief period of time they had banned the US customers from their services, which has now been lifted and the US is allowed once again. They also did allow the users who were in before the ban to retrieve their assets. This was probably the only downside i've experienced with their exchange platform.
As stated I love the turnkey solution to the issue of staking your assets for passive income as normally this requires extensive knowledge and money for personally owned DNS ( Dedicated Node Servers ) as well as massive downloads that take up large amounts of space on a computer or laptops hard drive. This solution has also helped and encouraged other exchanges start to do the same.
What I like most about this site is that it is very versatile, useful, many cryptocurrencies and many functions together, marketing of the currencies, trader, exchange and very useful for the markets and the best that has its own currency, the black color of the page is great, from the first moment I use it, that caught my attention it seems silly, but it gives a touch of seriousness
the website, is very strange, or does not have a good image, I do not understand with the naked eye, well I thought that when I started, then over time, we get familiar, The complexity of the exchange is not easy either, very small letters many signs, for a person who starts this complex the situation
have access to all cryptocurrencies and cryptocurrencies in one place, the exchange rate is great, something that very little happens in exchanges, If I realize that they have looked for a way to update the platform and look for more comfort, that deserves merit since this market is complex to understand, but with good ads that could improve
For some years binance has been evolving more and more strongly, has increased its levels and volumes of use, becoming one of the main tools for exchange of cryptoactive, binance in the organization where i work is part of the most important economic capital management tools, has given its human capital an incredible potential for economic evolution never seen before, therefore many of its members adopted it as a personal tool for investment and capital generation.
I do not dislike at all, as it meets all the requirements that as an organization we demand, as well as the updates that have generated constantly have improved more and more this important tool.
Binance has solved all the problems of economic dependence of the company, therefore the great majority of invoiced services are received by this portfolio that in turn handles a significant amount of crypto currencies making more useful the management of all these applications. I highly recommend to all my acquaintances and network users to use this tool, both for the version of cell phones and for desktops, both solutions work to perfection so with closed eyes I attest that the operation of them is perfect.
When we started to experiment in the world of the exchanges, they recommended us to use Binance and the truth is that it has been an excellent experience, its integration with several moderates allows us to be on the crest of the wave in this market, its high technology uses reliable exchanges are made and its low cost in the exchange is the best in terms of large volumes of transactions is concerned to turn it into a single model that is interesting to us at the moment.
To make withdrawals of cryptocurrencies take a long time, also the existence of information backup is commented. The condition of listed cryptocurrency makes it easy to be hacked, of course this can happen in any other, also here is virtual currency and you always have to be aware.
Currently with the exchange in cryptocurrency has been very easy to expand the business, customers have canceled us with cryptocurrencies in binance and its change we have obtained without problems and sales have been continuously higher. Claro is a new market and may represent risk but I think that with paper money have also excised this risk.
I have tried many Bitcoin exchanges and with the exception of about 3 or 4 all have the same problem and they do not have enough volume to sell or buy with liquidity, although in appearance it may seem that if the vast majority of its volume is fake produced by thousands of Bot. In Binance the opposite occurs because most people concentrate on this exchange, therefore their liquidity is very large. The best of Binance: - The CEO of Binance is a person who communicates constantly with the people of his platform and listens to his requests, especially on Twitter - Although it has been hacked before, the platform has always supported the funds of its users and has been completely transparent and given explanations about what happened. - The platform has the most important cryptocurrencies that currently exist, these are added through voting processes among Binance users.
One of the negative things about Binance is that being the exchange with the highest volume is constantly in the crosshairs of hackers so it is advisable not to store your coins in the exchange (really in any exchange)
Sometimes due to my work through the internet some clients make their payments in cryptocurrencies so that it is necessary to sell the coins later in order to convert the cryptocurrencies to cash and make a withdrawal of funds to my bank.
Binance allows to operate with more than 100 cryptocurrencies in real time, has a very intuitive and simple interface for those starting in this business and more advanced tools for expert traders, has a very attractive system of fees, paying with BNB there is a 50% discount the first year, very convenient.
The app has never worked well and sometimes withdrawals take a long time.
It's an exchange that gives me access to many cryptocurrencies at a low fee, plus it's safe and fast almost always.
There is a wide range of cryptocurrencies. The exchange is easy to use and orders are fulfilled quickly. The affiliate program allows you to earn fees on trades made by those who sign up using your link. There are a variety of login security measures. There is an excellent facility to consolidate small balances of various coins into a single larger balance of one coin.
Sometimes the exchange slows down when busy. Does not list all alt coins. There is no charting functionality. Transaction fees for credit/debit card purchases are high.
Some suppliers provide discounts for purchases made using cryptocurrencies which can be facilitated through Binance.
I like that it is very simple to use, in addition to accepting a large amount of cryptocurrencies, and has a rigorous process of selecting these coins that exist in the exchanger to avoid any type of fraud. I think they are constantly expanding to new markets, and expanding their technological capacity. In addition to that soon begin to accept fiat money, something that not all exchangers can do. Also the commissions of this platform are really very low, both when trading and when depositing. To extract if it is more costs, but still remain low
I do not like that when the market is very volatile sometimes the platform can be slow, having many users doing exchanges in the same currency may be the case that the platform slows down
This software helped the company to acquire the necessary cryptocurrencies for the purchase of certain services that were sold almost exclusively through cryptocurrencies, that's why the service provided by the exchanger was a great help for these acquisitions made
starting with being the largest cryptocurrency exchange currently, that has generated a lot of confidence (very important in this business), offers a lot of exchanges starting with BTC, ETH, USDT and the best option that is BNB (Binance Coin) . The incorporation of BNB to your exchange was a great relief for the traders that are managed there, because their promotion of 50% discount is the best in the market, as long as you use your coin. The new incorporation of the launchpad for the purchase of new icos, gives greater security to the investor for the prestige of binance. In addition the binance academy is the best that could be invented for the newbies, It also incorporated a site of alerts in the phone version that I like very much, as well as the improvement of the graphics on the phone
the use of bnb has its pros and cons, if you do not use the bnb for the exchange, the fees are high and there are repels of coins that become a little uncomfortable when making the trading. I consider the second level of verification a little unnecessary. I think that with one level is more than enough
It has allowed me to advance economically. It is a good opportunity to make money and pay for my studies for my career and contribute to the company
Binance is the best exchange ever. The numbers don't lie and Binance has the highest volume of all exchanges! The security, user experience and available tokens all make this a great place to trade.
Sometimes random projects get a lot of hype for no reason and then crash.
Anyone looking for an exchange with high liquidity and access to great tokens should look no further. This has helped me significantly in trading with speed and getting the best deals or sales.
From someone who has used them all, Binance is the best quality exchange today. I'll call it today's Amazon of crypto. 1999, Amazon, that is. Because today Coinbase is obviously the king of the market, just like eBay was in 1999. Amazon was a distant second in terms of use. That's how Binance is, and I fully expect it to be the main platform of the future, barring any unforseen circumstances. They have a massive selection of coins, halfway decent customer service (get used to it, that alone is rare in the exchange world), and a large, growing, welcoming community that can make anyone a contributor of information regarding the various projects listed on the site.
It is based in Asia, so good luck if anything ever happens, say they get hacked or something, no FDIC to protect foreign investors, but the same could be said of practically every exchange. The difference is that Binance is so powerful, that its demise would affect an over-sized portion of the market in a large, negative way. However under current leadership, I don't really see anything bad happening. They are doing a good job. Just remember, this is crypto, anything can happen, keep as many of your own private keys as possible!
Long term hold platform for smaller assets, and depending on risk, larger assets. Possible to do quick sells when those "buy the rumor, sell the news" moments come up. Also if you are API inclined or have a mind for that kind of stuff, you can easily set up robots to monitor charts for you and tell you when to make a trade. Others offer this too but it is most effectively done on Binance.
Binance is the top exchange by volume but also in quality and the amount of resources available to their users. One of the most interesting things they've done recently is launch Binance academy which provides free education and insights into all the coins that they list.
There was a lot of speculation about projects being charged very high listing fees to get on Binance. However, they seem to have acknowledged this and now donate the listing fees to charity.
Binance is a great exchange for traders/investors of all levels. A new investor can learn a lot with the free educational materials and a seasoned trader has access to the highest volume of any exchange.
I can get most of the coins I want. They have some of the cheapest fees if you use their token when trading. They are also one of largest exchanges which gives them high liquidity.
They need to list the average price I paid for the coin in their funds balance page. Too often I find myself hastily flipping between pages before I initiate a buy or sell.
One stop shop for all.
Binance is the most popular exchange and also has the highest volume of all exchanges. Binance is known for causing coins to pump incredibly high upon listing. They also have incredibly secure cold storage wallets called "trust wallet". Binance also recently announced that they would donate all listing fees to charity.
Sometimes random coins get picked by groups to have a large pump for seemingly no reason.
High liquidity and access to quality projects. Secure storage and a very professional team with an all star CEO that enjoys engaging with the community.