Is Binance the Best Exchange for Crypto trading? - page 7.

darewaller

hero member

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Quote from: crabby on July 01, 2019, 05:27:53 PM

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

For now, they remain most traders heart desires because of the strategies they have put in place that makes trading very fun for traders and their users, they have lots of incentives they do give their users and some traders too, they still have the most user friendly trading platform, and also the fact that they are very considerate, in the sense that they made virtually all their fees very low for anyone to moderately carry out his or her trading/ exchange activities using their platform.

It is really of no doubt that Binance remains the number one crypto exchange ever since they came into the market. If there was unity or regulation in the crypt yet, I am sure there would have been a program to award exchanges, and believe me, Binance will virtually all the awards.

Free1bitco.in

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well, nowadays, binance is indeed one of the most popular exchangers, and a favorite for many people. I feel, binance is currently the best exchanger, from other exchanger available. however, this is only a matter of time, I think, there are so many exchangers that have the potential to replace binance. if binance has a slow development, I think it will be replaced.

maxreish

sr. member

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Quote from: TopTort777 on July 02, 2019, 09:32:31 AM

Quote from: sandra_x on July 02, 2019, 09:30:25 AM

The reputation of binance has since waned after the hack, kind of cast a shadow of doubt on users that there is significant risk involved in using binance. I don't think they are the best because security is paramount when it comes to security.

If not Binance, then who is the best? Binance has good support and neat UI. It is easy to register and use this exchange. Plus is supports multiple languages of UI and has a mobile app.

No doubt about it. I personally believe based on my own experiences that Binance is a good exchange compare with others. And also, since I am a mobile user, binance is a mobile friendly. When it comes to security, well the recent hacked issued was already resolved and we can't prevent hackers in some exchanges. The good thing is that the CEO, assured the users to give back what they've lost.

jhongzjhong

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https://bmy.guide

I smell that OP just like having the ads on here about the blog that he posted. Well, I think that is true that Binance exchange for crypto trading is the best and if this isn't who else other the best than Binance. But depending on you if what you are looking for in exchange, but for me, I am looking at those high volume of coins and there's a lot of altcoins selection to trade. Fast and reliable service and of course less customer complaint.

Twinkledoe

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★Bitvest.io★ Play Plinko or Invest!

Quote from: leowonderful on July 02, 2019, 01:31:02 PM

Depends what you're looking for. I trade with margin and I don't want to perform KYC to do so, and as a result I use Bitmex or Deribit to do the majority of my trading. I do also trade altcoins somewhat often, and without KYC, so the go-to when I want to do that is Binance as I've always found everything there to be decent.

Yes, it all depends on what are your priorities at the moment when you do the trading. However, there are altcoins that you need to trade yet, they are not available in Binance, so you don't have a choice but use the exchange where it is currently trading. I do agree that BNB really established their credibility in the trading aspect but not all coins can be found in that exchange especially the small ones.

doedz

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Binance has a good strategy for gaining trust. Then IEO became the latest innovation so that binance got a new community.
Some IEOs are as successful as BTT, even though they were hit by the issue of binance hackers able to survive and get through the storm.

yvesp110

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Quote from: localcrypto on July 02, 2019, 07:10:40 AM

Binance is best exchange in the market the main reason is binance trading platform have lot of features to list new coins and binance internet research team keep track of their developments and list those companies and delist time to time and even volumes also good for trading

No doubt Binance has been one of its kinds and has been the best exchange of the crypto world since the start of the crypto era. There is around more than 90% of crypto users on Binance who trade and buy Bitcoins and other coins over the exchange. Binance is kind of monopoly right now though it has not yet shown its power in imposing some sought of decision over the rest of the exchanges.

Mrengage

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Globe-dex.com

It depends on what you want in the exchange many will like the liquidity of the exchange many will like the interface and many will like it due to it is easy to operate and with the help of the app as well.

leowonderful

legendary

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Bitcoin FTW!

Depends what you're looking for. I trade with margin and I don't want to perform KYC to do so, and as a result I use Bitmex or Deribit to do the majority of my trading. I do also trade altcoins somewhat often, and without KYC, so the go-to when I want to do that is Binance as I've always found everything there to be decent.

maldini

sr. member

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Good review for binaries, but this time I don't ask you to review other exchanges. I want to ask your opinion to analyze any exchanges that the IEO project has on average success. Maybe here you can help other investors in determining exchanges to invest in the IEO.

semobo

full member

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Quote from: FlyingDrozd on July 02, 2019, 10:09:05 AM

And my answer - no, it is not the best exchange.

Depends on the people who were using it.If someone never had any issues and they feel the prices are good then they will say it is the best and if they don't have some coin which someone want to trade then they will call it as another shit exchange to the list.

localcrypto

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Activity: 287

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Binance is best exchange in the market the main reason is binance trading platform have lot of features to list new coins and binance internet research team keep track of their developments and list those companies and delist time to time and even volumes also good for trading

FlyingDrozd

newbie

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This post is such an obvious ad. At least the title makes me think so. And my answer - no, it is not the best exchange.

TopTort777

legendary

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Quote from: sandra_x on July 02, 2019, 09:30:25 AM

The reputation of binance has since waned after the hack, kind of cast a shadow of doubt on users that there is significant risk involved in using binance. I don't think they are the best because security is paramount when it comes to security.

If not Binance, then who is the best? Binance has good support and neat UI. It is easy to register and use this exchange. Plus is supports multiple languages of UI and has a mobile app.

cryptoknightt

sr. member

Activity: 1188

Merit: 251

I think at the moment the safest exchange is binance, you can see from very high trading volumes, binance exchanges are still classified as new exchanges but binance exchange places can provide trust that can be the best exchange place for now.

sandra_x

member

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The reputation of binance has since waned after the hack, kind of cast a shadow of doubt on users that there is significant risk involved in using binance. I don't think they are the best because security is paramount when it comes to security.

FanEagle

legendary

Activity: 2884

Merit: 1117

I still think fee's are too overvalued here, I mean yes the trading fee's are so low compared to some others that it does deserve to be high but also their withdrawing costs are so high that it levels it out. I would totally give it 4 stars instead of 5.

Their security is actually another question, they recently got a breach and got 7 thousand bitcoins lost on their hot wallet but at the same time they never made that into a problem and made the customers pay for it, they paid it from their pocket which means maybe they are strong on not security but user friendlies (they also had another one where hackers got many APIs and pumped/dumped a coin). So, in a way it is both a low star for security because they are getting breached but at the same time high on security because that never affected anyone. All other parts I definitely agree with.

FrozenBit

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PredX - AI-Powered Prediction Market

Binance is definitely the best exchange to date. exchange really has a very nice, smooth interface and is not delayed by the chart like other exchange exchange.
Besides, the level of security is very high, we can always feel secure about leaving money on exchange.
One thing I really like about Binance is how they estimate the value of coin when preparing to place buy and sell orders. everything is very carefully prepared and I cannot find a defect from their exchange.

Distinctin

hero member

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No dream is too big and no dreamer is too small

I just scan to the blog you shared, and you did a good job for sharing to the crypto space about Binance.

I myself can say that Binance is a good exchange, one of the best in the market but I would not say it's the best exchange.
you know, every exchange has their time, maybe for now, it's Binance which is dominating the market, but that's a challenge for small exchanges.

hustlrdotcom

newbie

Activity: 4

Merit: 0

By far yes. Binance is the best!

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