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Topic: Is Binance the Best Exchange for Crypto trading? - page 4. (Read 7889 times)

full member
Activity: 1638
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It is not the only exchange that is best. There are many exchanges that are also good like bittrex, kucoin and poloniex. The thing is, binance already had its name in this industry.

what about the other three exchange that you mention above? they also have thier names on this industry and infact some of them are first to gain popularity just before binance came out  but unfortunately binance surpass them . maybe because binance has something new or something good to offer that people dont find elsewhere .  in my case i can say that kuckoin is also a good exchange same as binance  .
hero member
Activity: 2604
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For some people, they thought binance is the best exchange for crypto trading. They prefer to trade in binance because they found there are many new coin list in binance and they are comfortable to trade in binance. For me, although I don't use binance actively, I feel that binance can fill what I need and I can trade and try to search a profit from many coins especially I can save more in the trading fee by using BNB as the fee.
hero member
Activity: 2254
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I met the CEO of Binance himself, Changpeng Zhao last week at the Asia Blockchain Summit in Taipei, while we are about to go up in an elevator.

Although I respect the fact that Binance is the most popular exchange in the world these days, but I can't say it's the best for crypto trading. No trading platform is perfect. Even if it's #1, it's still vulnerable for hacking like what happened in Binance before. Even Justin Sun, CEO and founder of Tron (which I also met him twice, and a fan of his bunny slippers) offered to donate some to recover losses in Binance exchange.

I use several exchanges up to date aside from Binance (e.g., Mercatox, MetaMorph Pro, OKex, etc.), because I do arbitrage trading. I'm neutral when it comes to exchanges, not saying they're the best, etc. Not even Binance could convince me that they're the best despite its worldwide popularity.
full member
Activity: 868
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Hi Everyone!

We wrote up a review for Binance to try to answer the question "Is Binance the best exchange for crypto trading?" We would love to get your feedback and hear which exchange you would like us to review next!

https://blog.shrimpy.io/blog/binance-review

Thanks,
Shrimpy Team
It is not the only exchange that is best. There are many exchanges that are also good like bittrex, kucoin and poloniex. The thing is, binance already had its name in this industry. So, many people have already put their trust in binance. And it is good also that binance is performing well as a cryptocurrency exchange.
jr. member
Activity: 350
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I would say that binance is the most popular exchange among large traders. Binance has good liquidity in many trading pairs. Most other exchanges have a problem with liquidity. I mean real liquidity.
jr. member
Activity: 66
Merit: 1
Binance might not be the best one but it's definitely very good. Everyone is attracted by low fees and there's margin trading for more experienced traders.
Can't even say anything bad about it. Highly recommended.
jr. member
Activity: 100
Merit: 1
Security and Privacy Features on the Blockchain
My answer will be yeah Binance is the best crypto exchange. It’s just my opinion and I don't know about others people’s opinions. Binance has high security, good support, good interface, high volume, big numbers of users all around the world.         
sr. member
Activity: 626
Merit: 251
binance is still one of the best exchanges now, for crypto trading is still a recommendation, now binance provides good trading volume and extraordinary price increases compared to other exchanges. traders are like finding heaven to make a profit
sr. member
Activity: 1204
Merit: 272
1xbit.com
Hi Everyone!

We wrote up a review for Binance to try to answer the question "Is Binance the best exchange for crypto trading?" We would love to get your feedback and hear which exchange you would like us to review next!

https://blog.shrimpy.io/blog/binance-review

Thanks,
Shrimpy Team

Binance is the heart of Bitcoins and crypto.
You will be really surprised to know that, due to Binance only the Bitcoin price affects a lot.
Not only me, many of us has trusted Binance over the past few years.
Binance is the best for his quick helping support and fast and reliable features.
Hope this helps you.
member
Activity: 314
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In my personal experience, Binance is a good exchange for trading. It has good volume and popularity. Before hacked it, It was the best crypto exchange. To leave this issue, Binance is the best crypto exchange for the crypto trader.
Many crypto users trade in the Binance exchange, because they are satisfied with the platform owned by Binance. Many conveniences enjoyed by users.
This of course has the advantage of a lot of crypto trading, almost in every country that legalizes crypto there must be a crypto exchange. Binance is at the top of the exchange.
legendary
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
I think the difference maker is the reality that they are preferred by the coins as well, I mean they were nothing, just a regular ICO that nobody even looked twice, then they built their website and used that funding to get all coins listed and created so much hype and used the affiliate marketing thing so cleverly that eventually everybody went there.

Now, I am asking you if you were the owner of a new coin and your ICO is about done and you want to list your coin somewhere, where would be your first choice? It would be binance and that is why traders use that place as well, I think their amazingness comes from top to down not down to top, it wasn't users who wanted to use binance that made coin owners get listed there, it was coin owners listing there made the traders go there.
full member
Activity: 297
Merit: 100
We cannot deny the fact that binance exchange site is being popular to the cryptoworld its being used by so many trader even me Im using this platform but personally not only binance exchange site is the best to trade. This is depend on the user if they want to use binance or other exchange site platform.
Yea, I know too that we have very reliable exchanges in the market, even if they are few, but people will always like to associate with the leader of them all, and when it comes to choosing an exchange, the first exchange that will come to anyone’s mind would be Binance exchange because of their popularity which is caused by their effectiveness and quality services they render, and except newbies who are not much well aware of the goings in the cryptocurrency world are the ones that would not prefer Binance first.

The only challenge that I have seen so far with Binance is their hacking issue in which they never envisage they could have such loop whole for a scammer to come in, and I am sure that scammer would have taken several years to really try hard before breaking in and not like they broke in that easily, but aside that, every other thing with them is better than other exchanges.
hero member
Activity: 1694
Merit: 502
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Binance can`t be the best exchange, they are big, they are on top, but they can`t be the best for all of us. Many good features of Binance, they have their own native token, massive liquidity, multilingual support, mobile trading application for android and iOS users, and many other things, that separate them from others. I use Binance in the beginning before they stopped supporting my country, looks now US citizens will stop trading there too, after September.

copper member
Activity: 376
Merit: 1
Binance was the game changer in the crypto space, they had attracted a lot of traders through investing in their ICO at the time and eventually launching their exchange successfully and kept developing through it. Kudos to CZ, just finished reading about him
hero member
Activity: 2604
Merit: 816
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Binance is the best exchange platform I have ever used. I think all the people in this forum know Binance and many trader use it too. Good reputation, high volume transaction, dan so far for me it's safe.

From the last year, Binance becomes popular because they give more benefits to the traders and that is why many traders are moving their asset from the exchange into Binance. Until now, Binance still working on to make their exchange become bigger than before and they still want to reach more traders to join with them. One of the benefits of Binance is we don't have to do KYC if we don't want and they are okay with that but our account has a limit on the withdrawing amount.
sr. member
Activity: 2380
Merit: 251
Eloncoin.org - Mars, here we come!
binance is a recent exchange favorite, now any coin in binance has a good increase and volume. for traders choosing binance is an obligation because now price movements up and down in binance are very fast and can be a good step for traders
Compared to the available exchanges then we can call it as the best exchange exist because they even failed to refund all the funds to their customes when they got attacked if it happens with any other exchange they will be shutting donw without any refund to anyone so this scene makes biance into most preferred and trusted site for trading.
That is what make plus point from Binance. And i think it really make investors really trust them and still trade in Binance like nothing happen. For me it is really good since like what you said, other exchanger usually do nothing than shut down their services after get hacked.
Shutting down exchange is not good though. Shocked

But biance didn't which made them to stand out and also we have some controverises that iance created this hack and showing them as capable of refund to get more customers.
hero member
Activity: 798
Merit: 503
Hi Everyone!

We wrote up a review for Binance to try to answer the question "Is Binance the best exchange for crypto trading?" We would love to get your feedback and hear which exchange you would like us to review next!

https://blog.shrimpy.io/blog/binance-review

Thanks,
Shrimpy Team
In general, Binance is a good exchange. There are many trade pairs here, which is an important part for trading. But I think that Binance is too manipulative exchange that has aggressively-minded bots. Therefore, I can not say that Binance is the best exchange.
sr. member
Activity: 2380
Merit: 251
Eloncoin.org - Mars, here we come!
binance is a recent exchange favorite, now any coin in binance has a good increase and volume. for traders choosing binance is an obligation because now price movements up and down in binance are very fast and can be a good step for traders
Compared to the available exchanges then we can call it as the best exchange exist because they even failed to refund all the funds to their customes when they got attacked if it happens with any other exchange they will be shutting donw without any refund to anyone so this scene makes biance into most preferred and trusted site for trading.
full member
Activity: 854
Merit: 100
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Binance is the best exchange platform I have ever used. I think all the people in this forum know Binance and many trader use it too. Good reputation, high volume transaction, dan so far for me it's safe.
hero member
Activity: 2912
Merit: 629
Binance is one of the reputed and popular exchange nowadays and if you say exchange it is one of the top recommended by the crypto community here.

 Recently binance had a hacking incident but was resolved immediately making their users to feel at ease and transactions came back to normal because the funds are still secured.

But no one is perfect every exchanges has their own pros and cons.

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