No doubt more than 80% of the people will say their favourite exchange is Binance.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
Topic: Binance trading activity is 13x larger than any other exchange (Read 415 times)
October 09, 2022, 01:04:27 PM
No doubt more than 80% of the people will say their favourite exchange is Binance.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
They are the first exhange too that offers there own utility token to lower trading fees that gives a huge benefit to there user and also they are the one who introduced a bunch of giveaways and tournaments with huge rewards to encourage there users to trade since they are returning part of there profit to there user. They are the first exchange who cares a lot to there customers so they deserve the popularity they have right now. Other shit exchange like Binance has zero tolerance and consideration to reward there user which is the reason why they left behind by Binance despite they are the first exchange who got the spotlight.
October 09, 2022, 12:51:06 PM
No doubt more than 80% of the people will say their favourite exchange is Binance.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
They are the first exhange too that offers there own utility token to lower trading fees that gives a huge benefit to there user and also they are the one who introduced a bunch of giveaways and tournaments with huge rewards to encourage there users to trade since they are returning part of there profit to there user. They are the first exchange who cares a lot to there customers so they deserve the popularity they have right now. Other shit exchange like Binance has zero tolerance and consideration to reward there user which is the reason why they left behind by Binance despite they are the first exchange who got the spotlight.
October 09, 2022, 12:15:01 PM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
Everyone knows that Bitcoin price goes up and down. High volume means there might be someone accumulating and trying to hold an average price. Binance provides the best services to their traders, traders get enough liquidity to open and close trades. Bitcoin is not only in binance but in all crypto exchanges. So for the price of bitcoin to be determined it is not only dependent on binance.
It's true that bitcoin exchange is not just binance. But if we look back in 2017 maybe all bitcoin exchanges will follow the prices of bitstamp and bitfinex, at that time binance was still new and not as popular as it is now. But what is surprising is that in 1 year binance was able to shift the two largest exchanges mentioned above and now has surpassed it in terms of features, services, products, to daily volume. So now binance is the leader of the worldwide exchange and the price of bitcoin is in their hands.
October 06, 2022, 04:54:41 PM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
Everyone knows that Bitcoin price goes up and down. High volume means there might be someone accumulating and trying to hold an average price. Binance provides the best services to their traders, traders get enough liquidity to open and close trades. Bitcoin is not only in binance but in all crypto exchanges. So for the price of bitcoin to be determined it is not only dependent on binance.
October 06, 2022, 01:06:21 PM
It seems like Binance API is used by various copy trading platforms. Something I'm exploring now in a project for my personal portfolio. See thread here: https://bitcointalksearch.org/topic/copy-trading-robo-investing-platforms-5415932
There is value in watching what successful traders are doing on Binance, but I'm not keen to execute my trades on the platform given KYC/AML bs
There is value in watching what successful traders are doing on Binance, but I'm not keen to execute my trades on the platform given KYC/AML bs
October 06, 2022, 08:14:31 AM
It is still the most popular exchange as of today, even for Filipinos like me. No matter if it’s spot, futures, P2P, etc., the trading volume was impressive and high. But of course, we cannot underestimate other exchanges though like OKX, KuCoin, Huobi, Gate and countless others.
For arbitraging purposes, these ones can be useful for potential profit minus the trading and withdrawal fees.
For arbitraging purposes, these ones can be useful for potential profit minus the trading and withdrawal fees.
October 06, 2022, 04:47:34 AM
There are many options depending on your country and the amount of data you are willing to share. For example, Binance may be the best option if you can verify your identity, understand the fundamentals of trading, and have a sufficient balance. However, it is not the best option for order execution speed or no withdrawal limits. In general, all data is susceptible to manipulation unless there is an impartial third to accurately measure trading volumes.
October 05, 2022, 01:03:24 PM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
I do not think there is too much of a reason to be confused about this, bitcoin is now a very big asset which can manage that kind of volume, in fact the higher the volume of the asset the harder it is to move, just take a look at shitcoins, their volume is very low and their volatility is quite high so it is natural that we are seeing the opposite effect on bitcoin, also its volume is that high because there are a lot of traders using leverage and this artificially increases the volume that we see in bitcoin every day.Yes I understand what you are saying, but for me the volume can widen the gap between $1k to $5k from the current bitcoin price. If we go back in 2021 to a bull market we would know that $5 billion in volume was not small, it should have moved the price further than it is now.
October 04, 2022, 03:19:46 PM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
I do not think there is too much of a reason to be confused about this, bitcoin is now a very big asset which can manage that kind of volume, in fact the higher the volume of the asset the harder it is to move, just take a look at shitcoins, their volume is very low and their volatility is quite high so it is natural that we are seeing the opposite effect on bitcoin, also its volume is that high because there are a lot of traders using leverage and this artificially increases the volume that we see in bitcoin every day. October 01, 2022, 03:44:05 PM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
October 01, 2022, 02:01:10 PM
Quote
Re: Binance trading activity is 13x larger than any other exchange
On your link, it says it's larger than the 13 biggest exchanges combined. I know binance is a big exchange but isn't it too exaggerated already? I think the combined volume of 2 or 3 big exchanges is already equal or more than the trading volume in binance. They are only hyping binance there but no matter what they say there are still people that prefers to trade on other exchanges. Even your friends already prove that. That is because binance doesn't have it all.In my case, I too use a non mainstream exchange whenever I do a short trade. The reason is they have lesser fees and lower minimum limits. Trades are also faster, I mean there's no sign up needed.
October 01, 2022, 06:37:15 AM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
The amazing increasing trade volume on Binance is from their wise strategy to give away trading fee. With 0% trading fee, users have more reasons to trade and when they fall into the trap, trading volume increases organically and sustainably.This increase recent months is also supported by recover of Bitcoin and crypto market in general. With less fear, people go trading more.
This is just a question about first and second, when we consider third and fourth and all others, it's clear that being first means being the best most of the time and the main place people go to. Of course they weren't first at the start, and in order to get there they used both cheap trading fee, but also affiliate income as well, which gave them a huge boost at early days.
You see, others gave their opinions on my comment. Because Binance has low fees on trading pair or you, saying they're at the top cause they the top, famous because famous, that kind of thing I understand.
But all of you guys have to understand how Binance becomes the #1, the biggest fish out there? Remember Kraken? Bittrex? Poloniex? Why are none of them now at the #1, behind Binance despite they being from the old camp, well-established way before Binance start their business?
Even with the mandatory KYC, people still flock to Binance? Cause I said the fake trading volume and washout trade are the biggest concerns for traders and Binance knew this very well. They opt for their business along it and success, other things are just minor boosts.
September 30, 2022, 05:51:51 PM
Trading on Binance is good. But know that you will have to be fully verified in a way your identity document would be requested for. Which means KYC is mandatory.
Regarding KYC, I think some exchanges do that for security. In addition to regulation as well, because I believe exchanges also have risks from rules in a government. The most important thing is that they take good care of the document. Although we don't know it for sure. Actually, this will offer both strengths and weaknesses. We know that local exchanges in a certain country should be centralized under the regulation of the government, if they are not related by the government, they will be blocked and cannot operate in the country. But Binance, they are global exchange and they have larger users and communities. But, they also have some reasons why should be any KYC after so long time not existing. Well, because of this, many people feel disappointed. But once more, this KYC process offers both positive and negative sides. But we also don't know if the document for KYC is exactly secure or not. We may have worries about our document for KYC, there are many types of information that there is no guarantee 100% that our data will be safe 100%, never. There will be always certain ways to make it not secure. But hopefully Binance will really give their best to secure the data and fulfill the people's expectations. Because we all know that Binance is exactly an amazing exchange platform.
September 30, 2022, 04:17:32 PM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
The amazing increasing trade volume on Binance is from their wise strategy to give away trading fee. With 0% trading fee, users have more reasons to trade and when they fall into the trap, trading volume increases organically and sustainably.This increase recent months is also supported by recover of Bitcoin and crypto market in general. With less fear, people go trading more.
This is just a question about first and second, when we consider third and fourth and all others, it's clear that being first means being the best most of the time and the main place people go to. Of course they weren't first at the start, and in order to get there they used both cheap trading fee, but also affiliate income as well, which gave them a huge boost at early days.
September 28, 2022, 03:14:34 PM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
The amazing increasing trade volume on Binance is from their wise strategy to give away trading fee. With 0% trading fee, users have more reasons to trade and when they fall into the trap, trading volume increases organically and sustainably.This increase recent months is also supported by recover of Bitcoin and crypto market in general. With less fear, people go trading more.
This is just a question about first and second, when we consider third and fourth and all others, it's clear that being first means being the best most of the time and the main place people go to. Of course they weren't first at the start, and in order to get there they used both cheap trading fee, but also affiliate income as well, which gave them a huge boost at early days.
September 27, 2022, 05:42:18 PM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
It is that simple, over the years binance has done a good job at gaining the trust of their customers, and while it is obvious their operation is not perfect their clients trust them as they make an effort to present real numbers when it comes to their volume, now this may not seem to be such a huge deal but we must not forget that just a few years ago this was completely out of control and while it is still a problem now it does not seem as bad as it was back then.Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
i never had problem with binance when it comes to trading or even putting some of my coins to savings. now, if you are questioning about wash trading in binance, it may be true to some coins, but i believe, the people behind it are their respective developers themselves, not the binance team themselves. anyway, what we can say is, if you use binance, i don't think you will encounter issues that will stop you from using this trading platform. their p2p is also very helpful to many as they convert crypto to their fiat currency.
September 27, 2022, 04:07:03 PM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
It is that simple, over the years binance has done a good job at gaining the trust of their customers, and while it is obvious their operation is not perfect their clients trust them as they make an effort to present real numbers when it comes to their volume, now this may not seem to be such a huge deal but we must not forget that just a few years ago this was completely out of control and while it is still a problem now it does not seem as bad as it was back then. Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
September 27, 2022, 06:45:56 AM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
The amazing increasing trade volume on Binance is from their wise strategy to give away trading fee. With 0% trading fee, users have more reasons to trade and when they fall into the trap, trading volume increases organically and sustainably.This increase recent months is also supported by recover of Bitcoin and crypto market in general. With less fear, people go trading more.
Quote
Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
It is not related to mandatory KYC I think so. It is about whether exchanges are against it or not. Even they accept bot tradings, washout volume and fake volume are more related to exchanges themselves, not only traders. September 27, 2022, 05:20:27 AM
In general I regularly use big trading exchanges (Binance, FTX, Coinbase and OKX) and do not have any discomfort with them, but if possible I use DEXes or DYDX, in general for the last two years these exchanges have reached a level of comfort. But keep your money on any of the centralized exchanges, I would not.
September 27, 2022, 04:54:31 AM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
September 25, 2022, 05:46:19 PM
Binance have got the increased number of listings compared to other cryptocurrency exchanges. Also to get listed on Binance isn't an easy thing. Only the projects that fulfil their criteria gets listed. I prefer Binance mostly for the P2P trade access that isn't available with other crypto exchanges.
Even if the requirement to be listed on Binance is not easy, many still want to get in because they know the reputation of Binance can also bring good opportunity for their project and that can attract investors as well. Binance is still on a top position and it’s good that they didn’t stop from doing a good marketing, that helps them a lot. I agree with the P2P option, in our local only Binance have this feature available for us. 
September 25, 2022, 07:50:13 AM
(....)
They told me they preferred more risky options and not the classic ones.
Lol. Why? Why do they don't trust these legit and reputable exchanges more than using other platforms that we can't trust at all?They told me they preferred more risky options and not the classic ones.
Besides Binance, there are a lot of trusted and reputable exchanges too, just like FTX, Bybit, Okex, etc.
There are some traders who uses different exchanges for their different purposes or the one they used to be.
September 25, 2022, 06:56:36 AM
-snip-
Do you mean, they more prefer to invest in a shtcoin where pump and dump happen? they want that because they can easily get money and sometimes more than double happens to their money but the thing is not all shtcoin can give them easy money, just stay as you are. Binance will always be the safe place for me for everything in this trading world. We never know what people are thinking these days but one thing is for sure, they like profit that has high risk and high reward ratio
There are other similar exchanges that allows trading with high leverages but not as compared to that of Binance. I see this kind of trading as high detrimental to our trading guide which can make us keep been attracted to high leverage trading.
There some exchanges that has many of these pump and dump coins which can make a trader make severe loses if care is not taken.
September 25, 2022, 06:29:33 AM
...I prefer Binance mostly for the P2P trade access that isn't available with other crypto exchanges.
In fact, P2P trading is now a mandatory element for all major exchanges and, accordingly, is not a distinctive feature of Binance from other cryptocurrency exchanges. In addition, in terms of the number of fiat currencies supported, Binance is also not a leader among other exchanges.
September 25, 2022, 06:08:10 AM
Given the fact that the Coinmarketcap rating belongs to Binance, this is not surprising. But if these volumes are really real, then Binance is a monopolist, which negatively affects the cryptocurrency market. Nevertheless, despite the mandatory KYC, this exchange is really in the first place in terms of its functionality and security.
The transaction volume is real, you can check Coingecko for that too. Using transaction volume or marketcap on exchanges, Binance is still the number one exchanges. But in transaction volume, Binance is 10x or more, greater than the second exchange. 
September 24, 2022, 07:53:32 PM
Binance have got the increased number of listings compared to other cryptocurrency exchanges. Also to get listed on Binance isn't an easy thing. Only the projects that fulfil their criteria gets listed. I prefer Binance mostly for the P2P trade access that isn't available with other crypto exchanges.
September 24, 2022, 07:45:06 PM
-snip-
Do you mean, they more prefer to invest in a shtcoin where pump and dump happen? they want that because they can easily get money and sometimes more than double happens to their money but the thing is not all shtcoin can give them easy money, just stay as you are. Binance will always be the safe place for me for everything in this trading world. Probably or it's just that Binance could be for everyone, average Joes to whales (although might be doing OTC). But for the majority of us, they seems to be comfortable and at least they are very supportive as they have been planning to put up education in our country regarding bitcoin/blockchain technology.
We never know what people are thinking these days but one thing is for sure, they like profit that has high risk and high reward ratio
Yeah, and it's also case to case, but for the old and traditional traders, maybe buying and just doing some few trades here and there, and HOLD.
But for the riskier individual, taking daily trades and look for profit is their thing.
September 24, 2022, 07:29:17 PM
-snip-
Do you mean, they more prefer to invest in a shtcoin where pump and dump happen? they want that because they can easily get money and sometimes more than double happens to their money but the thing is not all shtcoin can give them easy money, just stay as you are. Binance will always be the safe place for me for everything in this trading world. We never know what people are thinking these days but one thing is for sure, they like profit that has high risk and high reward ratio
September 24, 2022, 07:11:46 PM
Not really surprising though. A lot of local traders here has since shifted to binance and they are making a lot of volume on that platform than anyone else. Also, given that Binance is servicing a lot of people around the world, it's not surprise that they are at the top of the game. Their marketing are subtle and they get new traders/people by word of mouth. Never had problems with binance whatsoever ever since I started using it. You can also add that the planned DEX by a lot of people look really underwhelming in all aspects, hence why people still choose Binance, a CEX, compared to any other platforms out there.
September 24, 2022, 06:57:30 PM
...according to coinmarketcap the 24-hour volume has reached $24 billion,
this is a very fantastic number, compared to Coinbase which is only $2 billion.
this is a very fantastic number, compared to Coinbase which is only $2 billion.
Given the fact that the Coinmarketcap rating belongs to Binance, this is not surprising. But if these volumes are really real, then Binance is a monopolist, which negatively affects the cryptocurrency market. Nevertheless, despite the mandatory KYC, this exchange is really in the first place in terms of its functionality and security.
September 24, 2022, 04:49:51 PM
...according to coinmarketcap the 24-hour volume has reached $24 billion,
this is a very fantastic number, compared to Coinbase which is only $2 billion.
this is a very fantastic number, compared to Coinbase which is only $2 billion.
Given the fact that the Coinmarketcap rating belongs to Binance, this is not surprising. But if these volumes are really real, then Binance is a monopolist, which negatively affects the cryptocurrency market. Nevertheless, despite the mandatory KYC, this exchange is really in the first place in terms of its functionality and security.
September 24, 2022, 04:48:49 PM
Binance is the biggest, if not one of the biggest and well known exchange in the whole crypto market. Anyone who has heard of bitcoin has very likely heard of binance too. When they look for exchanges to buy or trade crypto currencies, they will very likely have had stopped by at binance to have a look at the exchange. So it is very obvious that it will have one of the biggest trade activity volume.
So why does your friends prefer more "risky options" and not the regular well known exchanges? Sounds plain stupidity to me.
Totally sounds stupid and there are indeed people who do really love to put theirselves on risk even there's an available best option that they could deal with? Its just always been like that and this is what makesSo why does your friends prefer more "risky options" and not the regular well known exchanges? Sounds plain stupidity to me.
things mind boggling or puzzling on why people need to act and made out decisions like that.We've been through on how many years of existence out of this market and we've been able to see wayback
on how Poloniex and Bittrex did really make out some dominance in the market in speaking with exchange platform volume but everything had been replaced by something new and that was Binance.
There's some other options though but lets not just put aside on to those probabilities despite of the current top ranking on this market.
September 24, 2022, 04:35:53 PM
They told me they preferred more risky options and not the classic ones.
Do they mean that they prefer using less reputable exchanges with higher chances of getting rugpulled or with higher chances of the exchange ending up being insolvent? Or am I missing something here?
September 24, 2022, 11:08:56 AM
GM fam. If you do trade on an exchange, wanted to ask you about your favorite option so far.
Last week I was discussing with some friends the benefits Binance offers: quick trading, minor crashes within each year, and also the liquidity it already has created over the years.
They told me they preferred more risky options and not the classic ones.
I regularly trade with [MT4 + Broker] tho.
Just curious about how you think the in-exchange trading is evolving at the moment with this topic or news like the one I shared below [read today].
Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
Binance is the biggest, if not one of the biggest and well known exchange in the whole crypto market. Anyone who has heard of bitcoin has very likely heard of binance too. When they look for exchanges to buy or trade crypto currencies, they will very likely have had stopped by at binance to have a look at the exchange. So it is very obvious that it will have one of the biggest trade activity volume.Last week I was discussing with some friends the benefits Binance offers: quick trading, minor crashes within each year, and also the liquidity it already has created over the years.
They told me they preferred more risky options and not the classic ones.
I regularly trade with [MT4 + Broker] tho.
Just curious about how you think the in-exchange trading is evolving at the moment with this topic or news like the one I shared below [read today].
Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
So why does your friends prefer more "risky options" and not the regular well known exchanges? Sounds plain stupidity to me.
September 24, 2022, 08:52:46 AM
I got on Binance in 2017, the year I came into crypto but that was after I had opened accounts with Poloniex and Coinexchange. I guess Coinexchange has gone extinct now with Poloniex just there with less patronage. Even in 2017, Binance had little or no reputation as an exchange that just newly got on board but I took my chances with it. Glad I did. Fast forward to today, and from years of experience, I would rather trade on an exchange whose trust rating in high but trading activities are low as against one with low trust rating but a high trading volume. This is why Binance continues to remain my favourite platform till hate. It has both favourable trust score and huge trading activities.
September 24, 2022, 08:36:23 AM
Trading on binance is not bad. I am also trade on binance. but you must verify your account here for trading. Although earlier one could trade here without kyc but now they have stopped it and made kyc mandatory. It is not any big problem because now almost all exchanges made kyc mandatory. Binance listed token always have more liquidity then others exchange. but i OKK and Kucoin is also good exchange like Binance
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September 24, 2022, 08:04:01 AM
It’s more risky to use broker and MT4 compared to Binance that has a huge trading volume and different trading option. I’ve been trading before on MT4 and all I can say was it has a limited trading offer compared to binance that almost all financial feature are already there including savings and options which other broker don’t have.
The current strict regulation on exchange right is still a good event to protect user for possible exit scam which is the typical cons of crypto exchange before since no one regulates them. Exchange is evolving good through legal side which is good on long term.
The current strict regulation on exchange right is still a good event to protect user for possible exit scam which is the typical cons of crypto exchange before since no one regulates them. Exchange is evolving good through legal side which is good on long term.
September 24, 2022, 07:55:09 AM
They told me they preferred more risky options and not the classic ones.
I regularly trade with [MT4 + Broker] tho.
I don't understand why would they want a risky exchange platform. Do those give more profits than reputable ones? I mean are there freebies whenever you make a successful trade? I regularly trade with [MT4 + Broker] tho.
Just curious about how you think the in-exchange trading is evolving at the moment with this topic or news like the one I shared below [read today].
Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
It was first because of their variety of options to trade. Then, they made events for a free listing and some more.Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
What they did was not done in a blink or just because they have reputable people/companies backing them up. They are good at keeping their traders to stick to them and not look for others.
IMO, I always prefer 2 exchanges to use and the other one is Kucoin.
September 23, 2022, 04:14:53 AM
Binance may be the best choice if you level several factors such as identity verification, know the basics of trading and have sufficient balance but it is not the best choice in terms of speed of order execution and no withdrawal limits, therefore there are many options depending on your country and the level of data you are willing to provide.
In general, unless there is an independent party to measure trading volumes correctly, all data is subject to manipulation.
In general, unless there is an independent party to measure trading volumes correctly, all data is subject to manipulation.
September 22, 2022, 03:01:20 PM
IMO, it's best for me to stay on Binance and any other reputable exchanges that have proven with the test of time for so many challenges that they've overcome.
It's better to trust them rather than gamble with new exchanges that offer some high and attractive promos as they launch. Although, if it's still about keeping money on exchanges, you better know the drill that it shouldn't be the place where you'll store most of your funds.
It's better to trust them rather than gamble with new exchanges that offer some high and attractive promos as they launch. Although, if it's still about keeping money on exchanges, you better know the drill that it shouldn't be the place where you'll store most of your funds.
September 22, 2022, 02:41:53 PM
If you want to choose a cex rather than using a dex then of course Binance is the right choice. I am not saying they are very good, but the good of bad. Usually, cex isn't preferable, especially to holding funds and providing personal documents. Keep in mind, whether you use Binance or not for KYC reasons, you have to be ready always to provide KYC documents you use any centralized exchange. For cex, I have been using Binance for a long time and hadn't faced any issues yet. But don't hold any amount there unless you are trading for a long time.
September 22, 2022, 02:27:31 PM
They told me they preferred more risky options and not the classic ones.
Does it include trading features that Binance offers, such as spot trading or futures trading?I don't know what you really mean, I hope you can explain a little more detail about "they preferred more risky options and not the classic ones".
Binance is generally one of the best exchanges out there. They have a very high trading volume, but I don't think they are good for all of investor or trader who cares about privacy especially if they don't like KYC.
September 22, 2022, 02:13:13 PM
there is no need to question that, because Binance exchange is the number 1 top exchange in the world,
according to coinmarketcap the 24-hour volume has reached $24 billion,
this is a very fantastic number, compared to Coinbase which is only $2 billion.
according to coinmarketcap the 24-hour volume has reached $24 billion,
this is a very fantastic number, compared to Coinbase which is only $2 billion.
September 21, 2022, 09:29:01 AM
Have the rules changed? It used to seem like KYC was used as a condition for Withdrawing for larger amounts.
I think that KYC think was a requirement for most account holder and it also has some limitation of how much worth of btc can be withdrawn at a time, I think probably 0.6 in btc or something close to that I can't remember clearly. But apart from that I don't have fears with Binance, so far I have not heard of issues although it is wise to go with caution, it still a centralized exchanged.
September 21, 2022, 09:25:19 AM
Trading on Binance is good. But know that you will have to be fully verified in a way your identity document would be requested for. Which means KYC is mandatory.
Binance trading volume is very much higher than other exchanges, but that does not mean that trading on other exchanges that are recommended are not quick to fill. I have used many exchanges like OKX, Huobi global and some others that having good liquidity as well. Although I trade high marketcap coins and nothing more.
If you want to know if a coin have good trading volume and liquidity. Go to Coingecko or Coinmarketcap, select the coin and check its market. You will be able to see the exchanges it is traded and if the confidence is high or not.
Binance exchange market have adapting with KYC procedure for trading, deposit and withdrawing assets, first time launching Binance still ability trade, withdraw and deposit fund under 2 BTC in daily days without fully verified account by uploading document ID and face selfies. No doubt with Binance is most recommended exchange global market for trading exactly when giving access trade using local money pair, I saw each country have local pair for trading in Binance and make easy for withdrawing to our local money account without have to trade stable coin again.Binance trading volume is very much higher than other exchanges, but that does not mean that trading on other exchanges that are recommended are not quick to fill. I have used many exchanges like OKX, Huobi global and some others that having good liquidity as well. Although I trade high marketcap coins and nothing more.
If you want to know if a coin have good trading volume and liquidity. Go to Coingecko or Coinmarketcap, select the coin and check its market. You will be able to see the exchanges it is traded and if the confidence is high or not.
Not bad to use Binance, but never leave coins on Binance or any other exchange. Not your key not your coin and also that exchanges can be hacked.
All exchange market have potential hacked but depending our self how protect account keep activate with 2fa and always use private internet for access to Binance account, but true with long term holding assets better hold and save in private wallet than use Binance or other exchange market. September 21, 2022, 09:10:03 AM
Have the rules changed? It used to seem like KYC was used as a condition for Withdrawing for larger amounts.
Yes, it has changed many months ago. All Binance users have to get verified before any withdraw.One of them is the convenience of security.
You mean convenience over security. Because exchanges are not considered to be secure and not advisable to have your money left on exchanges. Noncustodial wallet is better. Cold storage wallets are recommended.Regarding KYC, I think some exchanges do that for security.
No, not related to security at all. It is related to regulators enforcing them, just like the case of Binance. Regulators wants exchanges to follow AML and CTF rules. The most important thing is that they take good care of the document. Although we don't know it for sure.
There are data breach on exchanges times without number now. The perfect way your data is safe, is to remain just to you. Once given out, hackers might possibly be able to get hold of it. Customers data can even be sold by the company to third party. They can even voluntarily give it out to third party. 
September 21, 2022, 09:00:48 AM
Trading on Binance is good. But know that you will have to be fully verified in a way your identity document would be requested for. Which means KYC is mandatory.
Have the rules changed? It used to seem like KYC was used as a condition for Withdrawing for larger amounts. Binance is their current largest exchange number one. So naturally their trading volume is large, and this benefits many traders due to the rapid changes. I think many traders choose echange because of various considerations. One of them is the convenience of security.
Regarding KYC, I think some exchanges do that for security. In addition to regulation as well, because I believe exchanges also have risks from rules in a government. The most important thing is that they take good care of the document. Although we don't know it for sure.
September 21, 2022, 07:18:48 AM
They told me they preferred more risky options and not the classic ones.
Do they mean that they prefer using less reputable exchanges with higher chances of getting rugpulled or with higher chances of the exchange ending up being insolvent? Or am I missing something here?
September 21, 2022, 04:40:39 AM
Trading on Binance is good. But know that you will have to be fully verified in a way your identity document would be requested for. Which means KYC is mandatory.
Binance trading volume is very much higher than other exchanges, but that does not mean that trading on other exchanges that are recommended are not quick to fill. I have used many exchanges like OKX, Huobi global and some others that having good liquidity as well. Although I trade high marketcap coins and nothing more.
If you want to know if a coin have good trading volume and liquidity. Go to Coingecko or Coinmarketcap, select the coin and check its market. You will be able to see the exchanges it is traded and if the confidence is high or not.
Not bad to use Binance, but never leave coins on Binance or any other exchange. Not your key not your coin and also that exchanges can be hacked.
Binance trading volume is very much higher than other exchanges, but that does not mean that trading on other exchanges that are recommended are not quick to fill. I have used many exchanges like OKX, Huobi global and some others that having good liquidity as well. Although I trade high marketcap coins and nothing more.
If you want to know if a coin have good trading volume and liquidity. Go to Coingecko or Coinmarketcap, select the coin and check its market. You will be able to see the exchanges it is traded and if the confidence is high or not.
Not bad to use Binance, but never leave coins on Binance or any other exchange. Not your key not your coin and also that exchanges can be hacked.
September 21, 2022, 04:31:34 AM
GM fam. If you do trade on an exchange, wanted to ask you about your favorite option so far.
Last week I was discussing with some friends the benefits Binance offers: quick trading, minor crashes within each year, and also the liquidity it already has created over the years.
They told me they preferred more risky options and not the classic ones.
I regularly trade with [MT4 + Broker] tho.
Just curious about how you think the in-exchange trading is evolving at the moment with this topic or news like the one I shared below [read today].
Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
Last week I was discussing with some friends the benefits Binance offers: quick trading, minor crashes within each year, and also the liquidity it already has created over the years.
They told me they preferred more risky options and not the classic ones.
I regularly trade with [MT4 + Broker] tho.
Just curious about how you think the in-exchange trading is evolving at the moment with this topic or news like the one I shared below [read today].
Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
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