Binance compared to other Crypto Exchange. - page 4.

7788bitcoin

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Quote from: nelson4lov on July 09, 2020, 06:01:43 PM

Bittrex was a market leader at some point in 2016/2017 but lost that spot to Binance due to their shortcomings with several bugs hampering their platform at the time. Even now, Bittrex offerings is no where near that of Binance. I'm talking about the overall trading experience on both exchanges (I'm a user of both).

Bittrex was always an underrated exchange and it came into prominence when Poloniex who was once a market leader started having all the issues with the exchange and the bugs started creaping up with all the shit coins enrolled in them and they were not able to handle things and most of the people moved to Bittrex during that time that gave everyone a decent platform without much issues and Binance is the new kid in the block and till now they are pretty decent without much issues and looks like they are taking things seriously to hold the market position unlike other exchanges in the past.

@OP i really do not identify these coins mentioned for zero interest lending to call it the next big thing.

rexxarofmoknathal

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Binance is definitely one of the best platforms in my experience. It's got a huge range of different feature to use, beyond just simple trading, like staking, saving, and trading competitions.

I'd definitely like to see them get involved in the defi lending space though. I wouldn't be surprised if they dont launch their own DeFi Dapp soon, the same goes for Tron too since they're always jumping on the bandwagon for new trends.

bocyaj

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Binance is my favorite one.It had lot of trusted altcoin in it.If the coin is placed in binance,it give some positive feedback to the investors.So if you are new investor ,just get into binance and create a account in it.Then choose the coin by reviewing the market standard of that coin over 6 months of period.After investing hold the coin and get some profit from it.

alan2here

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Binance is number 1 in the last few years and upto this now I believe to this exchanges site that will remain what is it rank .
Until now for me binance is best and all you need features that you want to see is in the binance so many people are registered and still trading even there is hacking that we knew it of course but still secure to trade .

I agree with you. Binance during the past 3 years has always maintained a high rating in this market and the liquidity at this exchange is always stable so you will not have any problems when trading here.

In addition, Binance is focusing on a lot of new areas and this will definitely make Binance more and more popular. At this point, the security issue has been resolved and Binance is sure they will be more careful in asset management.

Distinctin

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Quote from: The Sceptical Chymist on July 19, 2020, 02:40:44 PM

Quote from: Distinctin on July 17, 2020, 11:10:14 AM

look at the difference here. https://coinmarketcap.com/rankings/exchanges/

1-Binance - $3,989,239,481

10- Bittrex - $37,159,558

Mm, yeah. That's a pretty good metric for comparison. I'm not surprised, either, because Binance has been becoming the dominant exchange for quite some time now, and unless something goes seriously wrong with them I'd expect Binance to be putting a lot of the smaller exchanges out of business.

I just noticed that big disparity when they started to run the CMC, before, they are not consistent with the number 1 spot although I read a lot of post here and outside that Binance is the most popular exchange, but now, I think I am convince since they are really in domination as we can see in the comparison of figure.

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Quote from: leyton11 on July 19, 2020, 05:28:54 AM

Quote from: Timmzzy on July 09, 2020, 05:34:34 PM

I have been into crypto-currency for a long time now, probably i understand few about Crypto and other things related to it, now I believe you and I know about BINANCE EXCHANGE and BITTREX EXCHANGE, right from when the market was not kind of complicated like this. Well let's go straight to the point of what am to say. Binance is really growing Wild when it comes to giving the community what they want. I came across this: http://imgur.com/a/EjLSFu4 in my email inbox and I believe most of us using binance received it. This development coming out from BINANCE EXCHANGE is really welcomed and binance is really paving waves than bittrex Exchange if am not mistaking.

Your opinion to how you see binance and bittrex in the next generation are welcomed.

Bittrex is now a thing of the past, it used to be one of the big exchanges of the crypto market but after a few years they have been outperformed by a lot of exchanges. Bittrex's development team is now quite indifferent to the traders there, they do not offer any policies to attract traders and no longer seem to want to develop Bittrex. If we talk about comparisons, I think we should compare Binance with Huobi Global, Coinbase, and Bitfinex, which are the prominent exchanges right now.

There was a time when Bittrex dominated this market, but this exchange did not change anything that made investors less interested. If compared to exchanges like Binance, Binance will definitely be much better than Bittrex because they always know how to change to fit the current market situation. In addition, Binance is having more new ideas in the financial field and will soon implement this year.

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Quote from: minatour on July 10, 2020, 08:53:32 AM

I will say binance is more better than bittrex, Infact for me currently, binance is my best exchange so far, binance team are working towards developing the exchange everyday compare to bittrex, though years back, bittrex is better when will talk about trading volume, but currently I will give it to binance.

I strongly agreed that binance has an edge over bittrex in all ramifications as far as exchanges is concerned in term of traders base, volume traded, popularity and more secured while their interface is very friendly of course I am not condemning bittrex they are also good and are favored by some cryptocurrencies traders.

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Quote from: Denamen on July 18, 2020, 10:25:07 PM

Quote from: Moyna Akter on July 18, 2020, 01:46:46 AM

At the present time Binance to trade relatively better than other exchangers. The trading volume and liquidity of the altCoins listed on the Binary Exchange are very high which makes traders interested in trading here. Each exchanger has some different features that make the exchangers attractive to traders and in this case,Binance is much better exchange than Bittrex.

Of course, Binance will be much better than Bittrex because Binance is always changing to suit the needs of investors and never stands still so this is the main reason why this exchange is always successful. There is currently no exchange that can be compared to Binance because its liquidity is considered to be the most stable in the crypto market. In addition, some exchanges like Okex or Huobi are the second options that you should consider because these two exchanges are also a lot of people choose when investing.

Binance security is also good compared to other crypto exchange, in contrast with Bittrex, in 2018, bittrex got hacked and probably they already fixed that issue.

That's the reason why Binance is the best for me, I suggest you to try it and make your own conclusions towards this platform. Not only the transactions are always successful and fast, but its services are really satisfying. Coinbase is good also if you want to have another option. They have small differences but Binance is much faster and its crypto wallet that it provides is really secured and I'm confident with that whenever I trade. If you need to search more information about exchanges that is guaranteed and reputable, probably you will see Binance on the top of the list.

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Quote from: Coin_trader on July 18, 2020, 10:31:27 PM

Quote from: Zemomtum on July 18, 2020, 07:52:53 PM

Bittrex has lost ot far back as at 2017, Binance leverages in the incompetencies and shortcoming to build an exchange that will be most welcome to the crypto community and that is what we are witnessing it today. As at today, in terms of user experience, liquidity, services etc, Bittrex cannot contend in the top 40, an exchange that has one be in the leader seat

Simply Binance has lot of capital for marketing and connection compared to bittrex. When binance enter in to the exchange industry, Bittrex is already crumbling due to many account being frozen without further notice and most of that account contains huge balance. Despite of too many complaints about bittrex they still didn't solve issue until binance finally have a grand entrance. They do many giveaway and free listing. They have also a great market maker that can provide huge amount of liquidity.

Binance is really the best in terms of liquidity and promotion. Until now. No exchange can beat binance.

Binance is the only exchange that has received a lot of support and lots of articles mentioning this exchange during the past 3 years. I'm sure people will tend to stay more on this exchange and Binance always has a way to attract new participants from other exchanges. I have been trading here for over 2 years and until now this exchange has helped me to have a different life.

The Sceptical Chymist

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OP, I had a very hard time trying to understand what you were trying to say and I'm still not sure what kind of opinions you're soliciting here.

Assuming this is a Binance vs. Bittrex thread, I have to confess that I've never used the latter. But I have used Binance before, though it's been a long time since I've even been on their site. When they restructured their US operations, my state was excluded and so I'm unable to use them anymore. It's a shame, because I think they're one of, if not the best exchanges out there. That said, I haven't heard much criticism of Bittrex and I'm assuming they're one of the top ones as well.

Quote from: Distinctin on July 17, 2020, 11:10:14 AM

look at the difference here. https://coinmarketcap.com/rankings/exchanges/

1-Binance - $3,989,239,481

10- Bittrex - $37,159,558

Mm, yeah. That's a pretty good metric for comparison. I'm not surprised, either, because Binance has been becoming the dominant exchange for quite some time now, and unless something goes seriously wrong with them I'd expect Binance to be putting a lot of the smaller exchanges out of business.

LbtalkL

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From the time I entered crypto Bittrex and binance is almost the same level, I guess bittrex is more popular that time it was on the year 2017, I guess binance just launch their exchange than time. For several years binance climb up to the top and they are really deserving, they are not just a crypto exchange, but they also help to spread cryptocurrency awareness around the world. Recently they celebrated the 3rd binance anniversary live and you can see they are all over the world, they have grown the crypto and binance family.

leyton11

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Quote from: Timmzzy on July 09, 2020, 05:34:34 PM

I have been into crypto-currency for a long time now, probably i understand few about Crypto and other things related to it, now I believe you and I know about BINANCE EXCHANGE and BITTREX EXCHANGE, right from when the market was not kind of complicated like this. Well let's go straight to the point of what am to say. Binance is really growing Wild when it comes to giving the community what they want. I came across this: http://imgur.com/a/EjLSFu4 in my email inbox and I believe most of us using binance received it. This development coming out from BINANCE EXCHANGE is really welcomed and binance is really paving waves than bittrex Exchange if am not mistaking.

Your opinion to how you see binance and bittrex in the next generation are welcomed.

Bittrex is now a thing of the past, it used to be one of the big exchanges of the crypto market but after a few years they have been outperformed by a lot of exchanges. Bittrex's development team is now quite indifferent to the traders there, they do not offer any policies to attract traders and no longer seem to want to develop Bittrex. If we talk about comparisons, I think we should compare Binance with Huobi Global, Coinbase, and Bitfinex, which are the prominent exchanges right now.

brotherwood12

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Quote from: Renampun on July 15, 2020, 11:53:40 AM

Quote from: Nellayar on July 12, 2020, 07:31:37 PM

...

High security and real volume trading are the advantages of Binance...
actually I have never used Bittrex so I can't say what I experienced but I actively use Binance, since I first used Binance 2 years ago, until now I have not found a personal problem, Binance is the best for me.

Do you belong to people who do not like changes in life? Cheesy

Oilacris

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Quote from: Coin_trader on July 18, 2020, 10:31:27 PM

Quote from: Zemomtum on July 18, 2020, 07:52:53 PM

Bittrex has lost ot far back as at 2017, Binance leverages in the incompetencies and shortcoming to build an exchange that will be most welcome to the crypto community and that is what we are witnessing it today. As at today, in terms of user experience, liquidity, services etc, Bittrex cannot contend in the top 40, an exchange that has one be in the leader seat

Simply Binance has lot of capital for marketing and connection compared to bittrex. When binance enter in to the exchange industry, Bittrex is already crumbling due to many account being frozen without further notice and most of that account contains huge balance. Despite of too many complaints about bittrex they still didn't solve issue until binance finally have a grand entrance. They do many giveaway and free listing. They have also a great market maker that can provide huge amount of liquidity.

Binance is really the best in terms of liquidity and promotion. Until now. No exchange can beat binance.

They are already too big for other exchange to beat it down or even to those new players that are tending to thrive in on exchange market.I remembered those days that Bittrex is indeed famous
but one day their reputation had been fucked up due to various issues that havent been resolved.

I cant really deny that Binance is indeed good when it comes to timing and marketing on where they do able to make themselves big in a short span of time.

Its just like almost a wildfire that do scatter out and making themselves big that no other exchange do able to do so.

Coin_trader

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Quote from: Zemomtum on July 18, 2020, 07:52:53 PM

Bittrex has lost ot far back as at 2017, Binance leverages in the incompetencies and shortcoming to build an exchange that will be most welcome to the crypto community and that is what we are witnessing it today. As at today, in terms of user experience, liquidity, services etc, Bittrex cannot contend in the top 40, an exchange that has one be in the leader seat

Simply Binance has lot of capital for marketing and connection compared to bittrex. When binance enter in to the exchange industry, Bittrex is already crumbling due to many account being frozen without further notice and most of that account contains huge balance. Despite of too many complaints about bittrex they still didn't solve issue until binance finally have a grand entrance. They do many giveaway and free listing. They have also a great market maker that can provide huge amount of liquidity.

Binance is really the best in terms of liquidity and promotion. Until now. No exchange can beat binance.

Denamen

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Quote from: Moyna Akter on July 18, 2020, 01:46:46 AM

At the present time Binance to trade relatively better than other exchangers. The trading volume and liquidity of the altCoins listed on the Binary Exchange are very high which makes traders interested in trading here. Each exchanger has some different features that make the exchangers attractive to traders and in this case,Binance is much better exchange than Bittrex.

Of course, Binance will be much better than Bittrex because Binance is always changing to suit the needs of investors and never stands still so this is the main reason why this exchange is always successful. There is currently no exchange that can be compared to Binance because its liquidity is considered to be the most stable in the crypto market. In addition, some exchanges like Okex or Huobi are the second options that you should consider because these two exchanges are also a lot of people choose when investing.

Zemomtum

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Bittrex has lost ot far back as at 2017, Binance leverages in the incompetencies and shortcoming to build an exchange that will be most welcome to the crypto community and that is what we are witnessing it today. As at today, in terms of user experience, liquidity, services etc, Bittrex cannot contend in the top 40, an exchange that has one be in the leader seat

Kelvinid

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Quote from: bearexin on July 18, 2020, 04:59:21 PM

I would say the quickest way to compare would be the liquidity. Binance is loved by everyone and there is the proof of it with all the people who are there and trading, look at what they are doing right now and how much they are improving, even being at the top they are still putting new stuff constantly and never stopping which makes them stay at the top.

Binance works it at most perfection. Traders could tell their bad and good experience in all exchanges they have before and they just turn back where they feel comfortable and hits their expectations. There are a lot of things that Binance have proved to become the top-rated exchanges, liquidity, hacking issues( how the fix it), trading volume, and many others.

Quote from: bearexin on July 18, 2020, 04:59:21 PM

Let's be honest there has been dozens of exchanges that became the biggest exchange for a while but when they got there they didn't end up doing much and just ride that success for a while until somewhere else came in and became the new top. Binance is not like that, they are the best one out there but they realize they need to constantly improve in order to stay there and that is why they haven't lost that spot.

This is all about trust and confidence. And people have found Binance did the most than the others that makes them more popular in these days. Unlikely, other exchanges lose the competition and agreed to you because of their developments, it looks like they missed it and let others to take.

carlfebz2

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Quote from: iv4n on July 18, 2020, 03:48:13 AM

Quote from: Moyna Akter on July 18, 2020, 01:46:46 AM

At the present time Binance to trade relatively better than other exchangers. The trading volume and liquidity of the altCoins listed on the Binary Exchange are very high which makes traders interested in trading here. Each exchanger has some different features that make the exchangers attractive to traders and in this case,Binance is much better exchange than Bittrex.

I would agree with "each exchange has some different features", its how every exchange attract users! Exchange is good as long as it suits your needs, you like the interface, you like the features, it's important it's reliable, secure, and you like it generally. Binance is the exchange that attracts many people, and they are the biggest, but it doesn't mean that we should use only binance and forget about other exchanges. I spend most of my trading time on kucoin, it's where I like to trade.

It is indeed does depend on which exchange does give out your needs or suits your needs but you cant blame out people on now to praise up binance since this is one of the top exchangers at the moment.

I can say that most platform do really have the same features and functionalities.They do only differ in UI/UX and design but overall they are just the same.The only thing is that

they do able to get attraction to the community which do really make them too popular.Also we know that several factors is the key too when it comes to success and theyve done it pretty well.

bearexin

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I would say the quickest way to compare would be the liquidity. Binance is loved by everyone and there is the proof of it with all the people who are there and trading, look at what they are doing right now and how much they are improving, even being at the top they are still putting new stuff constantly and never stopping which makes them stay at the top.

Let's be honest there has been dozens of exchanges that became the biggest exchange for a while but when they got there they didn't end up doing much and just ride that success for a while until somewhere else came in and became the new top. Binance is not like that, they are the best one out there but they realize they need to constantly improve in order to stay there and that is why they haven't lost that spot.

Topic: Binance compared to other Crypto Exchange. - page 4. (Read 1254 times)