Topic: Binance Meteoric Success Accompanies Various Shortcomings (Read 130 times)
Which is the reason of such a meteoric success of Binance? There are so many other exchanges out there, what makes Binance so special that everyone wants to get inside?
Binance is doing great volume and has many happy customers. It seems to have everything everyone could ask for in an exchange. Good tokens and good volume.
But like was previously mentioned... The withdrawal fees are the most common complaint. As far as I know these fees go straight into their pocket and are not burned. This is why they don't seem to be in a hurry to lower them. A good solution would be to have tiered fees.. less than $1k pay a higher fee inn order to reduce the amount of little transactions
But like was previously mentioned... The withdrawal fees are the most common complaint. As far as I know these fees go straight into their pocket and are not burned. This is why they don't seem to be in a hurry to lower them. A good solution would be to have tiered fees.. less than $1k pay a higher fee inn order to reduce the amount of little transactions
It took me a while to get an account at Binance, but finally I have managed that. They had stopped new memberships but then they have opened again. So anyone interested who couldn't join, now he/she may try again. Just to let you know.
Binance supports majority of altcoin which have active team of developer behind.
Binance don't have paid listing, coins are added based on vote and market demand.
It has considerably high withdrawal limit of 2BTC per day for unverified users.
This all make it first choice for both newbie and elite traders.
Binance don't have paid listing, coins are added based on vote and market demand.
It has considerably high withdrawal limit of 2BTC per day for unverified users.
This all make it first choice for both newbie and elite traders.
I never tried to go to binance, and I have not idea if it's a good exchange or not. A lot of users say it's good, and it definitely is one of the largest ones out there, but I wouldn't say that their success is an isolated case. All exchanges are having huge success, and are attracting thousands of users everyday, because of the crypto hype. A lot of them are even not accepting more users, because their network would be able to handle them. What I'm trying to say is that this "Meteoric Success" isn't necessarily a sign of quality or trust, because is happening all over the place, and is just a result of the crypto success.
I'm waiting for a month to pass the verification on the binance. this is a very good platform in my opinion and it will continue to lead in the field of crypto-crawl
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