Binance deserves the first Position on CMC - page 4.

NS-Soul

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Quote from: Sourhearrt on June 21, 2020, 02:54:52 AM

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

1. Binance exchange cares about their reputation
2. They offer the best customer supports
3. The exchange have high Liquidity and volumes
4. IEO don't fail on this exchange because the team do their own research on projects before listing
5. For many it's always about the money but for binance its about money, reputation and their customers

They have every right to keep making money if that's why many are mad with binance, as far as they are satisfying customer whatever they make shouldn't be your problem

I agree with this and beside binance bringing the new idea to help for adoption in modern society, and they are continue on developing their platform and never stop so I suggest binance must be the number 1 exchange but there's a lot of manipulator specially in volume of some exchange so they are on top.

jajorforce

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Quote from: L A R A on June 25, 2020, 01:19:24 AM

Quote from: Sourhearrt on June 21, 2020, 02:54:52 AM

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

I just realized, now the trash exchange is no longer on top.
Binance No. 1 This is very reasonable not because binance acquired coin marketcap, but we all also know the most famous exchange today is Binance.

I believe even Binance exchange has fake volume. Even though Binance has the top volume on top coins. Binance exchange IEO can't fail because of Binance reputation, not for team good research. After everything, the Binance exchange deserves the first position. Still rank making style isn't good on the coinmarketcap

trauchot

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I totally agree with you because Binance is the most popular exchange in the whole world and as for me the most secure, also many traders trading only on Binance exchange and in general for many years I have never had any problem with Binance and will always use Binance for trading.

enhu

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Whether they manipulate or not, its their website and they can do whatever that pleases them. They deserve to be there on top after all they are the ones used mostly by traders today. The yare doing charity works as well which is quite building a good reputation for countries they helped. Just recently I just read they've sent millions for medical supplies through the charity campaign using cryptocurency.

Captain Corporate

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Binance is not doing all of CMC things for no reason at all, 400 million dollars is a lot of money but they are actually doing all of that to show the world that they are number one and they are basically managing to remove every doubt in mind by doing it. You want proof that binance is number one? No other exchange in the entire world could afford to pay CMC 400 million dollars and buy it. Thats literally the only thing we need to know.

If any other exchange had 400 million dollars they would have bought CMC as well but I can guarantee you that no other website even made a total revenue of 400 million dollars which is why nobody else bought it. Binance is the biggest and greatest and the proof is right there with the acqusation itself.

john1010

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I agree with the preposition of this thread and the OP, Binance has a good platform and show strong reputation in any angle, that's why I'll always using them to store my little trade capital, becaus ein using their platform i have the peace of mine.

MUG1WARA

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Binance deserves to be ranked first because it has been proven that if a lot of something new from binance is in demand and supported by many people, binance has a very large community

umbara ardian

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Quote from: L A R A on June 25, 2020, 01:19:24 AM

Quote from: Sourhearrt on June 21, 2020, 02:54:52 AM

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

I just realized, now the trash exchange is no longer on top.
Binance No. 1 This is very reasonable not because binance acquired coin marketcap, but we all also know the most famous exchange today is Binance.

It's great that Binance has helped make Coinmarketcap cleaner than before, we no longer see fake volume exchanges there. It helps keep new investors from getting confused and losing money on those scam exchanges, great

nelson4lov

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Quote from: sorrros on June 26, 2020, 06:28:21 AM

You forgot about the Binance charity program. You forgot about the positive way how Binance spread the word about cryptocurrencies, not only about the exchange and their coin. Their honest behavior is what matters!

Yes. Binance has the flaws too but their contributions to the community since their inception outweighs the flaws. Aside from providing an excellent trading experience for their users, Binance still has a ton of other useful products like

Binance Research
Binance Charity
Binance Staking
Binance Academy
and more...

These products have been very useful for most useful. Binance Academy for example provides in depth content for users to learn more about Bitcoin, Blockchain, Cryptography and other terminologies and concepts.

tbterryboy

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There is really a very simple way of proving if Binance deserves their spot or not. All exchanges should make their transactions transparent.

There are exchanges with 100 million dollar volume per day where you take a look at the liquidation levels and its close to zero. People basically sell and buy from themselves to make it look like there is a volume but when you go there and try to sell something there isn't much interest in buying from you.

So, that means if any exchange that is bothered with Binance being first rank on CMC they could just come up and say that they are actually the first and prove it, not really a big deal, its data and it could be checked and if they present a data that shows that they are bigger in any aspect than binance they would be able to ask for that position eventually.

CryptoTech_

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Quote from: kkaroul4 on June 26, 2020, 06:22:39 AM

In my opinion it is still not suitable if the binance wants to be at the top cmc. binance coins in the top 10 have made a good thing. especially if people say that will defeat ethereum in my opinion is the wrong thing that people often say. predictions that in my opinion are unlikely

What is being discussed here is that the Binance Exchange is not a Binance Coin, and I think it is very suitable that Binance occupies the first position in coinmarketcap because anyone must be familiar with binance exchange.

sorrros

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You forgot about the Binance charity program. You forgot about the positive way how Binance spread the word about cryptocurrencies, not only about the exchange and their coin. Their honest behavior is what matters!

kkaroul4

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In my opinion it is still not suitable if the binance wants to be at the top cmc. binance coins in the top 10 have made a good thing. especially if people say that will defeat ethereum in my opinion is the wrong thing that people often say. predictions that in my opinion are unlikely

Lordhermes

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Market capitalisation functions as the most reliable and probe free platform for all coins, but the issue CMC has had turned them to manipulate suspecting. CMC nowadays gives out fake volume and than ever, imagine Probit exchange could be the overall volume exchange at certain point. But this can't be true

Quote from: Sourhearrt on June 21, 2020, 02:54:52 AM

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

1. Binance exchange cares about their reputation
2. They offer the best customer supports
3. The exchange have high Liquidity and volumes
4. IEO don't fail on this exchange because the team do their own research on projects before listing
5. For many it's always about the money but for binance its about money, reputation and their customers

They have every right to keep making money if that's why many are mad with binance, as far as they are satisfying customer whatever they make shouldn't be your problem

Yeah, I agree with you on this, Binance first strategy and aim is reputation, has the the most successful projects ever. Binance should be ranked as the most world cryptocurrency exchange with good liquidity and volume, successful IEO and instant customer care support. Binance excellently deserve first position on CMC.

fvb

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Quote from: Sourhearrt on June 21, 2020, 02:54:52 AM

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

1. Binance exchange cares about their reputation
2. They offer the best customer supports
3. The exchange have high Liquidity and volumes
4. IEO don't fail on this exchange because the team do their own research on projects before listing
5. For many it's always about the money but for binance its about money, reputation and their customers

They have every right to keep making money if that's why many are mad with binance, as far as they are satisfying customer whatever they make shouldn't be your problem

Manipulations in our world are very close, even in ordinary everyday trifles. Everything is done for the benefit or for any specific purpose. As for me, it’s even good that the guys from Binance did it. At least what you listed really takes place in reality. The exchange was and I hope that it will be in first place in my rating.

stadus

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They always deserve that and they have proven now that they own the CMC. hehe..
Seriously, I really like Binance over other exchanges but I don't fully trust them as I am also using different exchanges.

I've seen their journey and how they achieved the number 1 rank, and that is because of the support of the people, maybe not all but a lot of traders and investors are supporting them, that's the reason BNB is a good coin and has reached its ATH last year if I'm not mistaken.

joseyphil82

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Binance exchange is famous today because of their dedication and hardworking, yes they deserve to be rated first on coinmarketcap even if they aren't the one who bought the platform, they get the job done easily, what more can investors and traders ask for?

L A R A

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Quote from: Sourhearrt on June 21, 2020, 02:54:52 AM

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

I just realized, now the trash exchange is no longer on top.
Binance No. 1 This is very reasonable not because binance acquired coin marketcap, but we all also know the most famous exchange today is Binance.

Kotone

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My take on this is simple. Binance is already a reputable exchange, even without manipulation, if they will be listed there on cmc as number 1 then its not big deal and will not be biased even they owned cmc now. No one will counter this, cause its proven how Binance has been like by most traders. They also did a lot of donations on every country and still donating. I think only narrow minded would think they are just manipulating and sharing for fame at all.

nicecrypto

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Quote from: Anonylz on June 22, 2020, 10:47:19 PM

If it was up to me to rank this exchange on which should be at the top on cmc, I will not just look at the trading volume of that exchange alone, the criteria for ranking will be base on the overall performance of the exchange, i.e their method of operations, the service they provide, feedback from customer's and their ability to be creative.

when you look at binance, you will see a real business with solid structure, binance have managed to branch out and introduce new ideas into the business, this is why they are taking the lead, cz knows how to be creative, introduce new ideas, I guess that's why many people prefer binance exchange to others,

Honesty, we all know that even the customer service of binance is first to none, their ability to resolve issues is top, how many people can actually say they have unresolve case with binance? Am not here to shill for binance, am just stating the obvious. We don't need to like cz to say the truth.

100% you have hit the nail directly on the center, just yesterday I did little withdraw from binance to my local bank account directly and it takes a few minutes transaction was completed, I am talking from user experience not just saying it to make a post count,

Unarguably binance is the number one exchange ahead of the the rest, best exchange in my opinion, they make the experience of using an exchange very smooth.

Topic: Binance deserves the first Position on CMC - page 4. (Read 1705 times)