Binance compared to other Crypto Exchange. - page 5.

iv4n

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Quote from: Moyna Akter on July 18, 2020, 12:46:46 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.

Moyna Akter

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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.

cryptothreads

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Quote from: kakonhat on July 17, 2020, 05:26:16 AM

Everywhere you can see the competition. So, there will not be any doubt to see the competition between the cryptocurrency exchange. Whatever we can see Binance is growing so fast than other old or new exchange. I think Binance is so popular than Coinbase because of their hard-working.

Each exchange will have its own strengths, but at the moment, Binance is getting better because they are interested in joining more different fields and we will certainly hear more about Binance in the near future.

In addition, Binance recently issued a payment card and this is something that I am very surprised because no exchange has dared to do this during the past time. Hopefully, everything will be fine because I believe in Binance and will support their upcoming plans.

Distinctin

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Binance will continue to grow, Bittrex I don't know, maybe their time is already up and they won't able to live with the competition in the top.
But anyway, Bittrex still got millions of dollars trading volume daily, so they still make money, but compared to Binance, there's a big difference as Binance could sometimes climb to $1 billion trading volume, while other exchange stays with their usual.

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

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

10- Bittrex - $37,159,558

pragna

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Quote from: Timmzzy on July 09, 2020, 04:34:34 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.

Please don't compare with Binance and Bittrex exchange. There are Sky-underground spacing between two exchanges. The market volume of daily trade is 1/3 of Binance in Bittrex. In 24 hours trading volume ranking today Binance is 1 and Bittrex is 10. So how can you compare between these two exchange. you can campare with 1-3 ranking.

thanks.

milandres0207

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Binance shouldn't be compared to other exchanges, because they're not the same in terms of marketing strategy. They may have a similarity but not 100% of course. Although, Binance is one of the top platform exchanges in the crypto market. But as long as you are earnings in the exchange I could say that platform is good and helpful for the individual traders.

kakonhat

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Everywhere you can see the competition. So, there will not be any doubt to see the competition between the cryptocurrency exchange. Whatever we can see Binance is growing so fast than other old or new exchange. I think Binance is so popular than Coinbase because of their hard-working.

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Quote from: Latviand on July 15, 2020, 07:32:11 AM

~snip~ Also the good thing here in Binance is that if there is some issues, they troubleshoot and fix it immediately so that their response towards the problem is fast. That will make them to have a good reputation when people are looking for a best exchange compared to other crypto exchange.

Binance is not just a popular exchange, but it also attaches great importance to the best service for its users. problem solving can be resolved quickly because the Customer Service binance will be alert to help find a way out. A large exchange is not only seen from how popular and how much volume is owned, but is seen from the services provided. Binance continues to be developed and embedded with a variety of new features. Website and mobile application interfaces also provide convenience and comfort when using it. Security also continues to be improved to maintain the assets owned by users.

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Quote from: Renampun on July 15, 2020, 10:53:40 AM

Quote from: Nellayar on July 12, 2020, 06:31:37 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.

One of the most important features in a crypto exchange is its security.

People are looking for an exchange that prioritize the security of its customer to prevent having a bad reputation and to have more customers.

Binance will help you to become comfortable on their platform so that you will not be afraid of accessing their exchange. I know that there are also a lot of cryptocurrency exchange that has a high security, but Binance made me comfortable in my transactions. Also it has a lot of customers so that it is guaranteed for you to access it because there are a lot of trusted users here for so long.

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Quote from: Oilacris on July 15, 2020, 06:59:09 PM

Quote from: el kaka22 on July 15, 2020, 12:08:18 PM

The thing about binance that makes them so powerful and so big is the fact that they gave out 50% of the commissions for affiliates for a long time when they started, that meant that affiliates were basically half owners of the website.

Whatever the website was making, half of it went to people who invited others to that website. And there was ICO process as well that they gave BNB to investors so there was a lot of things relied on them being good. Of course that meant people shared their affiliate links to binance everywhere, I have seen it literally every single crypto related place, people shared their links on telegram, on forums, on chat channels, on social media, it was like a huge craze and that is how they got so big. I guess them being a proper company also helped a lot as well.

In short they arent really greedy as hell on setting out that 50% commission for affiliates which you cant see in any platforms that do offer such high rate.Its anticipated that people will surely dive into this one
spreading all the links in all lurks in the net since they do know the money making possibility.

Also, they had joined out other industries as well on where they do able to spread out their exposure and popularity even more.They might not really that much active to marketing or advertisement but their
current developments and updates do such stuff instead.

Low fee structure is the secret key behind their huge growth to be honest, even shit exchange pend lot of money for advertisement but Binance paid the money to their users so they got the benefits and as well as the trust of traders.Now they are going unstoppable with their development and also they are now concentrating on fiat trades as well like they bought wazirx recently this year and also heard that they are going to launch an exchange for Filipino users.

Shasha80

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Binance exchange can be the best exchanges right now because CZ is the owner of a smart in promotion. Many promotional activities
are carried out by Binance, especially on social media. Even only Binance dares to give big rewards for affiliate programs. Not only from
the promotion of the advantages of Binance exchange, but services and complete trading features make Binance attracted many people.
Nowadays it is indeed very difficult for other exchanges to be able to defeat Binance.

Oilacris

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Quote from: el kaka22 on July 15, 2020, 12:08:18 PM

The thing about binance that makes them so powerful and so big is the fact that they gave out 50% of the commissions for affiliates for a long time when they started, that meant that affiliates were basically half owners of the website.

Whatever the website was making, half of it went to people who invited others to that website. And there was ICO process as well that they gave BNB to investors so there was a lot of things relied on them being good. Of course that meant people shared their affiliate links to binance everywhere, I have seen it literally every single crypto related place, people shared their links on telegram, on forums, on chat channels, on social media, it was like a huge craze and that is how they got so big. I guess them being a proper company also helped a lot as well.

In short they arent really greedy as hell on setting out that 50% commission for affiliates which you cant see in any platforms that do offer such high rate.Its anticipated that people will surely dive into this one
spreading all the links in all lurks in the net since they do know the money making possibility.

Also, they had joined out other industries as well on where they do able to spread out their exposure and popularity even more.They might not really that much active to marketing or advertisement but their
current developments and updates do such stuff instead.

el kaka22

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The thing about binance that makes them so powerful and so big is the fact that they gave out 50% of the commissions for affiliates for a long time when they started, that meant that affiliates were basically half owners of the website.

Whatever the website was making, half of it went to people who invited others to that website. And there was ICO process as well that they gave BNB to investors so there was a lot of things relied on them being good. Of course that meant people shared their affiliate links to binance everywhere, I have seen it literally every single crypto related place, people shared their links on telegram, on forums, on chat channels, on social media, it was like a huge craze and that is how they got so big. I guess them being a proper company also helped a lot as well.

Mumbeeptind1963

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Quote from: nelson4lov on July 09, 2020, 05:01:43 PM

First of all, are you really pairing Binance and Bittrex in the same category? Binance rakes in about 5 billion dollars in daily trading volume on average and Bittrex? just about $50 billion. Granted, 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).

Agree with you, I remember that time, my friend's bitcoin got stock in his wallet, and it took him month before he get it and from that day I did not use bittrex so far, instead I use exchanges like binance, bibox and kucoin, because as per my experience, they are easily to contacted not like bittrex that time.

teosanru

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Quote from: Timmzzy on July 09, 2020, 04:34:34 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.

Binance is definitely the best exchange in the world at this point and will definitely pick heat in upcoming days. Earlier binance had one problem which was margin trading and leverage but with bringing more coins in margin trading than Bitmex it has covered that space too. Moreover capturing various exchanges around the world ensure that they are able to provide facilities of easy fiat withdrawals too. Bittrex is now a long forgotten exchange.

Renampun

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Quote from: Nellayar on July 12, 2020, 06:31:37 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.

Arkann

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Quote from: Restmand on July 15, 2020, 09:41:05 AM

Quote from: Timmzzy on July 09, 2020, 04:34:34 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.

Well for me if you ask me to compare the two, I would better choose Binance because it is easy for me to trade and a lot of chance to earn for BTC because they have lots of promotions to their new token to be launched. A big volume of traders are also trading in Binance and has lot of opportunities to make. I am not so familiar with bittrex maybe because I am contented to do trading on binance.

I think that even if you get acquainted with Bittrex, then after using the Binance, Bittrex you definitely will not like it. In fact, I also started my activity back in 2016 and, on the advice of my friends, I used exclusively Bittrex, although at that time there was not very much variety. but today I use only binance and I even forgot about Bittrex, since Binance not only has a successful and very convenient interface, but also brilliantly designed functionality for any trader.
In addition, the binance has a very good function with the binding of bank cards, which I plan to test in the near future.

Restmand

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Quote from: Timmzzy on July 09, 2020, 04:34:34 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.

Well for me if you ask me to compare the two, I would better choose Binance because it is easy for me to trade and a lot of chance to earn for BTC because they have lots of promotions to their new token to be launched. A big volume of traders are also trading in Binance and has lot of opportunities to make. I am not so familiar with bittrex maybe because I am contented to do trading on binance.

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Quote from: spike420211 on July 09, 2020, 05:34:55 PM

I have not used Bittrex for a long time, probably about a year, so I do not know how the exchange looks now and whether its functionality has changed.

But I always liked Binance Exchange more, although earlier its design was inferior to Bittrex, but they fixed it. As for the functionality, Binance has always been an advanced exchange in this regard, almost advanced Grin

.

Compared to Bittrex, for me, Binance is a user-friendly as it is much easier to access and the interface is much easy to use and understand.

I'm a Binance user since 2017, and I found it really effective to me as it makes me feel comfortable with my asset and trading journey.

This is the best cryptocurrency exchange for me and very suitable for my preferences. Its functionality is no doubt a good quality for its customer. Also the good thing here in Binance is that if there is some issues, they troubleshoot and fix it immediately so that their response towards the problem is fast. That will make them to have a good reputation when people are looking for a best exchange compared to other crypto exchange.

yhiaali3

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I have not used the Bittrex exchange before but I have used Binance for a long time but the sad thing is that I was banned due to the banning of some countries from the services of Binance in the recent period, in any case through my work in Binance the last period I say yes really it is one of the best exchanges in terms of volume and other services as well and is constantly developing its services. I think that's why it is the most popular exchange in the world.

Topic: Binance compared to other Crypto Exchange. - page 5. (Read 1287 times)