Right from the time I got to know about Binance, I don’t think Bittrex should be compared to it, because Binance has always been far much better than the majority of the other exchanges we have. I always see Binance as the number one exchange in the cryptocurrency market, followed by Coinbase before you will arrive on Bittrex and Kraken and the rest of them. In recent times, binance has aquired many exchanges and few crypto related services as well; among them acquiring coinmarketcap website for rumored $400 million must be one worth the mention here. These all makes them how stronger with their business model.
Kraken is another good exchange too, but I will always put Binance as the number among them all. And the good thing about them is that they keep spreading out and adding more new features all the time. They are really doing their best more than most of the exchanges we have. This is my personal opinion, can be a different thing for others.
Topic: Binance compared to other Crypto Exchange. - page 7. (Read 1287 times)
there is just more advantage in binance than in bittrex so ter reason more users are moving to binance. binance is a giant. i'm a bittrex user too. it was a trick that made me join binance i guess.
at first bittrex ask kyc last 2017 disregarding how much we may have to withdraw but binance didn't ask kyc if we just withdraw less than 2btc. but come today, even if you just withdraw 0.05btc you are just going to be drag by your butt so submit your passport ID. but what is this https://imgur.com/a/EjLSFu4 have to do?
binance keeps gaining more users and promotes more advantageous option to them as well to maintain being on top. they meant to stay on top of the game.
its the first i have heard of that isolated margin trading. investing to those defi assets is already meant to make money out of it but binance also want to compete them?
lending on Aave platform or Comp platform is already a good option to earn for those who just want this kind of business.
there is just more advantage in binance than in bittrex so ter reason more users are moving to binance. binance is a giant. i'm a bittrex user too. it was a trick that made me join binance i guess.
at first bittrex ask kyc last 2017 disregarding how much we may have to withdraw but binance didn't ask kyc if we just withdraw less than 2btc. but come today, even if you just withdraw 0.05btc you are just going to be drag by your butt so submit your passport ID. but what is this https://imgur.com/a/EjLSFu4 have to do?
binance keeps gaining more users and promotes more advantageous option to them as well to maintain being on top. they meant to stay on top of the game.
its the first i have heard of that isolated margin trading. investing to those defi assets is already meant to make money out of it but binance also want to compete them?
lending on Aave platform or Comp platform is already a good option to earn for those who just want this kind of business.
there is just more advantage in binance than in bittrex so ter reason more users are moving to binance. binance is a giant. i'm a bittrex user too. it was a trick that made me join binance i guess.
at first bittrex ask kyc last 2017 disregarding how much we may have to withdraw but binance didn't ask kyc if we just withdraw less than 2btc. but come today, even if you just withdraw 0.05btc you are just going to be drag by your butt so submit your passport ID. but what is this https://imgur.com/a/EjLSFu4 have to do?
there is just more advantage in binance than in bittrex so ter reason more users are moving to binance. binance is a giant. i'm a bittrex user too. it was a trick that made me join binance i guess.
at first bittrex ask kyc last 2017 disregarding how much we may have to withdraw but binance didn't ask kyc if we just withdraw less than 2btc. but come today, even if you just withdraw 0.05btc you are just going to be drag by your butt so submit your passport ID. but what is this https://imgur.com/a/EjLSFu4 have to do?
If we are talking about the volume and top exchange, than we easily find it as Binance exchange is better than the bittrex exchange. Bittrex is a good exchange but binance is a top level exchange for trading and investment.
Bittrex was on top before when it comes to this one but because of too much competition, Bittrex didn’t see Binance coming since they are too much regulations when using Bittrex, people easily transfer to other exchange which we can say right now is a good one. These two are still a good exchange, but for now I’m more active on Binance and very rare to use Bittrex.If a crypto exchange didn’t do anything to develop something new, then one day new exchange will replace them for sure. Good thing here is that, Binance continues to grow and made a lot of good investment this is why they are still on the top spot.
I was very active trading in Bittrex exchange about two years ago, and was quite satisfied with Bittrex's services. But in 2019 many
promotion by Binance exchange, and CZ as a very active Binance developer on social media makes Binance's popularity increase.
Makes me interested in trading on Binance exchange, sure enough I am very comfortable until now trading on Binance. Many profitable
IEO projects promoted by Binance, this is one of the reasons I chose Binance over Bittrex.
promotion by Binance exchange, and CZ as a very active Binance developer on social media makes Binance's popularity increase.
Makes me interested in trading on Binance exchange, sure enough I am very comfortable until now trading on Binance. Many profitable
IEO projects promoted by Binance, this is one of the reasons I chose Binance over Bittrex.
Regardless of who is on top right now, remember that no service lasts forever. Love the service but don't love the company. If they start giving you crap, then leave straight away.
Sure there is a saying for that: Good things don't last forever, so true but on this case binance is just the main reason the bigger whales are in the market if you check in.
Seeing this image below definitely short of words:
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).
That is actually what I was thinking here, why compare Binance and Bittrex now? Binance has come a long way already and by just looking at the trading volume, BNB is already very far. Got the figures from coingecko not from CMC. So it is very clear that Binance is leading among crypto exchanges and Bittrex has been left behind.
vs 
If we are talking about the volume and top exchange, than we easily find it as Binance exchange is better than the bittrex exchange. Bittrex is a good exchange but binance is a top level exchange for trading and investment.
I think it varies from person to person although I'm not familiar with bittrex but I believe both exchanges has their own pros and cons. I've been using Binance for a long time and I could tell that I don't have any problem with it since their support and the development team is always showing how important their customers in terms of satisfactory.
I'm not quiet familiar with bittrex but I've been a regular trader on binance for almost five years now. Some of the challenges we are facing with scammers would have reduce if other exchanges emulate them. Especially in choosing project to launch on their launchpad. Binance has already distinct it ltself from other exchanges by making sure they provide traders information as to reduce or minimize lose in trading
I was a bitrex user in the past, different from now.
Bittrex has lost a lot of trading volume so it's not very interesting to do daily trading.
Hows the bittrex case during that time? Bittrex has lost a lot of trading volume so it's not very interesting to do daily trading.
at this moment both exchanges seem dead, after some bad reputation.
There is no other like binance, there is never been any like binance, binance just became the first professional one and that's it.
We had cryptsy back in the day, we had poloniex we had bitrex and all of them were just... a bit unprofessional, I am sure they were doing their best but binance became something more out of this world and in tech world giant. They literally bought a company for 400 million dollars, do you get more "google" than that?
That is why I believe it is quite important for us to realize that whatever happens with other exchanges which I am sure they will do a lot better nowadays since the infrastructure is there, they will never be binance. Some Asian ones are getting a ton of attention because they want to use their own, but even they use binance when it comes to altcoins.
We had cryptsy back in the day, we had poloniex we had bitrex and all of them were just... a bit unprofessional, I am sure they were doing their best but binance became something more out of this world and in tech world giant. They literally bought a company for 400 million dollars, do you get more "google" than that?
That is why I believe it is quite important for us to realize that whatever happens with other exchanges which I am sure they will do a lot better nowadays since the infrastructure is there, they will never be binance. Some Asian ones are getting a ton of attention because they want to use their own, but even they use binance when it comes to altcoins.
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).
That is actually what I was thinking here, why compare Binance and Bittrex now? Binance has come a long way already and by just looking at the trading volume, BNB is already very far. Got the figures from coingecko not from CMC. So it is very clear that Binance is leading among crypto exchanges and Bittrex has been left behind.
vs
I like binance's team (developer) they are always try to make new people tempted to buy and use their service. New feature that I can buy or deposit through my money fiat directly is something like my dream comes true, because I really like it and and I really feel helped in it.
So, there is no reason for new people or newcomer who have a reason they didn't buy cryptocurrency (if they already know) because they are difficult to start buying them. Through binance you can make it easy and you just need several minutes to start you buy some crypto.
And until now, I only use binance as my trading place. I fell comfortable when I trading there and sometimes I try to use some new features that just updated.
So, there is no reason for new people or newcomer who have a reason they didn't buy cryptocurrency (if they already know) because they are difficult to start buying them. Through binance you can make it easy and you just need several minutes to start you buy some crypto.
And until now, I only use binance as my trading place. I fell comfortable when I trading there and sometimes I try to use some new features that just updated.
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.
Regardless of who is on top right now, remember that no service lasts forever. Love the service but don't love the company. If they start giving you crap, then leave straight away.
That's right.The crypto exchange business is extremely competitive and one wrong move can make your customers run away from you right into the competitors.
In the future,at some point,all crypto exchange platforms are going to look exactly the same,in terms of features,transaction fees and the horrible ID verification process.The only thing that could possibly add value will be the customer support and how they are treating their customers.
Having millions of customers means lots of money and effort spent for a good customer support team.SO far Binance is OK with providing customer support.Let's see what will happen in the future.
Bittrex loses out to Binance, by a lot. Though AFAIK, Bittrex has lower fees, but really, their trading volume is far outstripped by Binance, which makes it a better choice. Bittrex at this point is close to being old news. Yes, Bittrex was pretty good, but it's in the past. It was a good exchange but sadly, it didn't support its growth and development properly, hence was surpassed currently by Binance which is younger than it. Try out Binance for a bit and you should see how easy it is to trade plus, the community is pretty active so it's a lot easier for your inquiries to be answered.
Still, other than Binance, there's still KuCoin and Kraken, you can also check them out some time, though I did opt to choose Binance instead of using other exchanges right now.
In general, no one is interested in using Bittrex because this exchange is outdated, and not much has changed compared to the past. I think Binance has beaten all the exchanges that are available in this market, and it is sure that Binance will change every day to keep investors here. I've been in this market for a long time, but Binance is the only place that helps me to make a lot of profits. Still, other than Binance, there's still KuCoin and Kraken, you can also check them out some time, though I did opt to choose Binance instead of using other exchanges right now.
Regardless of who is on top right now, remember that no service lasts forever. Love the service but don't love the company. If they start giving you crap, then leave straight away.
I would agree that Bittrex was the Binance before Binance comes along. And then Binance took off with CZ very active and sort of listening to his customers that's why it grew in the last three years and left the competition behind.
As for the image you attached, yes it is true, as they also posted it on their official Binance twitter account: https://twitter.com/binance/status/1281106043548794880
They are the leading so far and keeps on evolving, that's why it is really hard for other exchanges to really get close and make the crypto trading exchange more competitive.
As for the image you attached, yes it is true, as they also posted it on their official Binance twitter account: https://twitter.com/binance/status/1281106043548794880
They are the leading so far and keeps on evolving, that's why it is really hard for other exchanges to really get close and make the crypto trading exchange more competitive.
You're not mistaken when it comes to comparing the two. One has been operating longer than the other, and it is Bittrex. 2013 was the start of Bittrex and Binance in 2017. Binance has made it's way to the top probably because of the influence that the exchange has towards users, and they are currently dominant at it. What made it successful is the liquidity it has right now, and a lot of users are using it, and they are global. On the other hand, Bittrex, I haven't seen events in my country that had their influence.
I'm sticking to Binance in the coming future as well.
I'm sticking to Binance in the coming future as well.
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