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 |
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|---|---|
| Segment |
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| 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.
Range of cryptos that can be bought. The platform has a lot to offer - when it works.
- Extremely error prone withdrawal / whitelist functionality - Terrible and inflexible customer service - Confusing UI/UX
Crypto purchasing and selling and exchange
A lot of possibilities, security and ease to use.
Disgusting support and not possible to get any receipt or help about money withdrawal. I made a SEPA transfer for my euro account about 2 weeks ago and still haven't receive the money. Support people send me to the appeal section when I do appeal it is rejected and I am advised to go back to support. And guess what? Support again sends me to appear selection, when I again got rejection. I can't even get receipt of SEPA transfer to contact my bank. My money is nowhere now
Crypto buying
nothing. It is just really bad. there is no Customer service
It's not possible to get in touch with Binance. My money never arrived on the account, but there's no chance for me to get it back. They never reply on mails (only 6 formatis of automatic replies) and the chat is also full automatic. Be warned.
Some problems can't be solved by a computer. Get real people to answer my questions. I have to accept that my money is gone now because Binance does not have real people to respond to problems.
Instant transfer of deposit via pay I'd.
Manipulation of your assets figures when trading and deciding to buy or sell that cost you a lot and benefits binance financially as they rub you as an example that happened every time that I have decided to buy and sell my crypto, Price suddenly jumps up or down when pressing buy or sell as soon as you have hit the button and too late to stop which is not normal. Buy and sell function doesn't operate when you wanted to which has cost me alot of $$$ and I am now 100% sure it has been design to operate like that by binance. False advertisements and running it like a casino with false promotion. Never received referal fee when introduce family and friends my my unique referral like. Fees charged for transferring via pay I'd that it's should have not been charged as promised by binance in their website as available options to deposit without fee for Australian. High fees and wrong price advertisement compaire to actual and real market pricing. I have raised this issue in writing and not received satisfactory answers by them. It is my duty to let people know about this scamming websites operating by high tech programs out of China whom not honest and only aiming to get richer by stealing your money.
No benefit received and not a single satisfactory recieved when raised this issue in writing several times.
Not much, I liked only that the first 3 crypto purchases I made were successful.
I am no longer able to purchase crypto because they are saying "you didn’t meet Binance security Terms of Use and Internal Policy" after I provided my ID and got VERIFIED. The full message is as follows: "Risk Account Detected Sorry, you are not able to purchase crypto because you didn’t meet Binance security Terms of Use and Internal Policy" I contacted them and no real solution or reason was provided. And it is extremely hard to get in touch with them.
As I said not many benefits. Their UI also is so counter-intuitive and messy!
I was attracted to the platform because of it seemed to support many more alt coins that other platforms. This ended up being my mistake.
I do not like that they freezed my account without any advanced warning and any notification whatsoever. I am a US based customer and my account features have been disabled and I'm not able to convert the alt coins or withdraw them. The FAQ pages advised to open a US account, which I did but am still frozen and not about to access my assets. I've been on a mission for 3 days straight just trying to contact someone, I've submitted several support tickets and have literally waited on their support chat 3 times for over 10 hrs each and get booted off. This site initially appeared legit to me, but is looking now like a scam. I would avoid using Binance to ANYONE.
see my message above about not being able to access my assets and no one responding to my attempts to contact them. No one is there, the support is probably just bots or some IT trap that aborts after 10 hrs of waiting.
Nothing. Maybe low fees and that is it. Everything else is broken.
1\ ACH doesn't work from chase, us bank and Bank of America. Their engineering team is so incompetent they cannot fix this Daily limit bug: Rejected Amount exceeds the day limit: 0.01. You can only deposit 1 cent!!! and it doesn't work. 2\ Same day wire never works. do not waste your money. They cannot read the transfer reference number from Bank of America or US bank. 3\ You cannot withdraw from your binance wallet to kraken or anywhere. you get this message: suspended due to risk management. 4\ customer service is so incompetent and takes for ever to respond. No one knows what they are doing. I wrote many emails to the founders and they don't care to respond or fix this stupid issue. This company sucks.
Nothing solved. I sent over 25 tickets and 50 emails. nothing is solved. the only solution is pray to god that they will allow you to transfer to kraken one day.