Topic: Is Binance the Best Exchange for Crypto trading? - page 6. (Read 7889 times)

maybe there are still other than the binance exchange that have the potential to be used as one of the best choices for trading. but for now it is still binary with volume and the best prices that have not been beaten and traders run there.

binance is still one of the kings in exchange for cryptocurrency. now there is no binance that can shift, binance is still a beautiful place for beginner or professional traders. there is a lot of increase in sales and purchases with a large volume and that's the advantage of binary compared to other exchanges.

Would these 3-5 exchanges have comparable liquidity, number of shitcoins to gamble with, and a track record of being trustworthy? Almost every other exchange has a worse reputation/more problems than Binance.

I think that Binance is without a leader in exchange platforms. Strong security, high liquidity, fast support and a lot of trading pairs. What more do you want?

I recommend you try to use it with the 3 commas software, you can really set up some good trades with it.

Nice review indeed, I just want to ask why you rated Binance on Beginner Friendliness category 3 star only? If Im not mistaken its the user interface right? For me in my opinion beginners can easily use Binance platform a bit easy compared to other exchanges with too many unnecessary annoying buttons and color combinations btw regarding to your question, its a yes for me Binance is definitely the best exchange I know and I will recommend to other traders, speed, security, liquidity, support, this are only some of the features I like on Binance.

I think binance is best exchange for altcoin trading, there are better ones for local reasons to exchange between crypto to fiat for
example, binance doesn't have fiat globally, I think they managed to open one up in Singapore and that allows you to have it on some European countries as well as Singapore itself but its not global.

So, if you want Swiss franc (or whatever their currency was) then binance is not your best bet, you need to find a local vendor for it, or if you are in USA then binance in general is not the best for you.

However, if you want to trade between eth-bnb then yeah sure they are definitely best, you want to go btc-ltc ?
Sure they are clear bests at that. So, why you need an exchange does change the answer a bit, not everyone uses exchanges the same way.

They got the biggest volumes and are popular for the amount of altcoins and services but its reputation depends to much on CZ.

Yes it has been the best exchange so far and this is what the users of the exchange claim. They use its services and they say that it is worth putting in your trust in the exchange. I think 90% of the crypto users are on Binance according to a survey. In addition, a loss of value due to flaw in the Binance system is compensated by Binance unlike any other exchange.

OP, I didn't read your blog post but I'm going to comment on this anyway.

I've used probably only a handful of exchanges since I've gotten into crypto, with Cryptsy and Coinbase being the first ones, followed by Yobit, Poloniex, Kraken, and some of the "instant exchanges" like Changelly and ShapeShift.  Out of all of them, I'd have to say I've had the best experience with Binance and after they got that 7000BTC stolen from them recently and didn't run away with all their customers' funds, I have faith that they're the real deal.

In addition to that, they have a great-looking website which is very easy to use, and I've never had any trouble with withdrawing my funds.  The only thing that annoys me is all the layers of security just to log in, but that's not a huge issue.  The only problem now is that I don't have access to my cellphone and can't receive the SMS code to access their site.  That's truly a pain in the ass.

But I'd have to say that definitely Binance is probably the best exchange out there right now.  If anyone knows of a better one, I'm all ears.

For now Binance is one of the bets exchanges and consumers are using it very much and liking it as well. The growth of the exchange can be easily observed as well as their coin BNB has being gaining a huge momentum based on its exchange and thus really worth it.

Indeed, binance exchange is currently the best exchange until the present time when the quality of services and trading volume per day is an extremely impressive and very good figure, and one thing we can observe very clearly is that they never accept stop, every day is a development with them. And except for providing services, they provide opportunities and open doors to attract investors with new strategies, from the creation of coin exchange to IEO projects, they are always creators and leaders, they are really the best.

Of course, not. I can name 3-5 exchanges that have the same service and UI similar to Binance. It's like Binance is the Apple of exchanges, get it? It has the charisma and image of a business that has become the word of the mouth of traders. I even read some comments of people praising that exchange saying that it's the 'x10' exchange.

Yes it is,but they are also even faced security breach recently which made me to feel that no crypto exchange is best in the security but for the trading purpose they can be good but we need to move the funds to our wallet soon after the trades done or we need to worry about the hacked account later.

They used to be KYC-free, but they will now demand KYC if they suspect you're from a jurisdiction they don't want to have people from such as the USA, Quebec or North Korea.

Bitmex lets you trade margin without KYC, are you very sure of this? I thought Bitmex was one of the most KYC'd crypto exchanges? I keep reading about people being asked to verify (and in their terms of service they also say they have the rights to ask for this at antime).

Binance on the other hand lets you trade as a non verified account with no restrictions except a daily withdrawal limit of 2 BTC. That's $22k daily!

I secondly agree on previous replies that Binance as of now is the most trustworthy exchange among others even though they will encounter last month of hacking incidence on their cold wallet but so far it doesn't have an effect on the market. Majority of traders use Binance because of widely subscribers/users in Binance that's why the volume of each coin is pretty high. Their services also had less complaint especially on withdrawals, so therefore they still the best crypto exchange now.

For now, I think they are the most trustworthy cryptocurrency exchange out there, at least they don't lock people out of their accounts like most exchanges do without a good reason. Time will show which direction they will head in as their business matures and starts accepting fiat currencies. That usually doesn't bode well...

It definitely is one of the biggest exchanges in terms of volume and trading activity, but if it is the best? That is very subjective and comes down to user preference. For example, I tend to avoid trading on any sort of centralized exchange such as Binance as they have much higher security risks.
Furthermore, questions are rising around centralized exchange’s orderbooks remember that as they control everything in their own backend, they can easily manipulate prices by making trade volume appear out of thin air. Just look at Bithumb being accused of insider trading for example: Bithumb exchange accused of insider trading. As we can see centralized cryptocurrency exchanges witness all the same problems as the traditional financial institutions on wallstreet: insider trading, manipulation and wash trading. They have indeed become the very thing that cryptocurrency was created to solve!

Luckily we also have the decentralized Cryptocurrency Trading Software! Here users can safely trade with the knowledge that orderbooks are completely on chain and cannot be altered. Furthermore in most cases decentralized exchanges operate in a peer-to-peer platform, meaning traders trade directly wallet to wallet without ever giving up control of their funds. Sure the age of decentralized exchanges is just starting, and volume may be a little lower, but it is only by adopting their use as the new standard that we can solve the true corruption that plagues our financial existence.

Binance has been in the news for good and i have never read any negative review about them or any one rightly accused them of scamming or dubious activities and that is why when the platform get hacked last time people and investors renew their confidence on binance by investing and keep on trading and we see the infect of that on bnb coin. Binance is one of the best cryptocurrency trading platform and I place it in the class of poloniex, bitfinex, bitstamp, bittrex and kucoin. I like binance platform because it contained a lot of new tokens and coins.

When you compare with the other exchange i hope Binance is the best to exchange for trading coins, many people have a very good opinion about the Binance exchange due to because they will always list potential coins in their exchange. When they exchange got hacked they have given the funds back to their customers till now no exchange has given back their funds through theft.