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Topic: What exchange is better than binance? - page 8. (Read 5805 times)

full member
Activity: 994
Merit: 101
August 24, 2019, 11:12:02 AM
#92
I think that Binance will go bankrupt soon because if hacker attacks and scandals with users database. That is why I want to know what exchange is better to use. I know that changelly is good, but I don't know about them a lot/ Do you know it? What do you think about

Binance is really good quality exchange, it's sad that hacker attacked. If you are felling insecure and finding a good quality exchange  for that then i prefer to you coinbase. The problem is coinbase they have not much crypto currency like other exchange but it's safer than other exchange. You can try also Kucoin exchange. Many people says that this is the most popular exchange after binance.
full member
Activity: 574
Merit: 100
August 24, 2019, 10:39:09 AM
#91
For my opinion binance will not going to bankrupt because it was established already they are not new in a business so nothing to worry, in hacking issue they have enough security to stop that problem. And one thing try to check always in coinmarketcap so that you have idea about other.
member
Activity: 744
Merit: 10
Syntrum.com
August 24, 2019, 10:02:32 AM
#90
For now, there are already many new exchanges that will become binance competitors, but all of that takes time because users are more pleased with exchanges that have high trading volumes, currently I use Huobi, IDX exchange and Exmarkets, one of these exchanges has a good interface good and Exmarket doesn't need KYC if you don't do fiat withdrawals. it looks good because privacy is part of a crypto
jr. member
Activity: 406
Merit: 3
August 24, 2019, 09:05:39 AM
#89
Well, even though Binance exchange at that time had experienced a disaster like hacking, it didn't make me hesitate to trade there, I still use bination exchange now and I still feel comfortable to trade there.
member
Activity: 448
Merit: 10
August 24, 2019, 08:40:28 AM
#88
Before  used to be the Bitrex exchange but bittrex exchange does nt have much volumes so in todays market binance is best exchange rest all exchangers just suriving
member
Activity: 504
Merit: 25
August 24, 2019, 08:28:33 AM
#87
Binance has a higher trading fee and withdrawal fee compared to other exchanges out there but binance is way better for trading followed by okex and bittrex,you have to use several exchanges before you can differentiate and pick the one you like the most
jr. member
Activity: 370
Merit: 1
August 24, 2019, 08:04:28 AM
#86
I personally don't use binance, exchange I use is Bittrex and Idex with Forkdelta. Any exchange can be hacked and user I'd done away with but Binance is stl a good exchange although I don't use Binance.
sr. member
Activity: 840
Merit: 250
August 24, 2019, 07:51:34 AM
#85
Changpeng Zhao said that the users funds are safe and the reason for the withdrawal is the failure problems on Amazon Web Services.  Yes the reason indeed important. But recently, Binance is very often experiencing various problems. Maybe the fact that this exchange is not designed for such a large number of users? Try to trade OKEx on this exchange very good reviews.
legendary
Activity: 2212
Merit: 1008
August 24, 2019, 06:45:58 AM
#84
I think there's no exchange platform better than Binance for now. Binance is very dominance, many project want to list their token in Binance.

That is not true for some people like me. I haven't used Binance once in my life, because i use Kraken all the time. Kraken is enough for me, and for my trades.  What do you think about Kraken ?
Actually everything is true with each other's opinions, as long as exchange does not have a big enough problem and can solve problem, I think such an exchange is worth entering into a trusted exchange. For me Binance is indeed a good exchange, but on other hand I also like KuCoin in terms security.

We have to take the attitude like Bittrex first, where Bittrex was first best exchange, well now it doesn't close possibility that Binance position will be replaced by KuCoin, Kraken or new exchange. For me, all exchanges are good as long as you are comfortable with the exchange.

Being hacked isnt their obviously want but such an incident is sometime inevitable. You cant say Binance will go bankrupt just like that due to lack of proper security. Binance known as a top exchange could be number 1 in terms of popularity amongst all exchanges but there are also good exchange aside from it. Bitfinex, Kucoin, Okex and other major exchanges also can rival them but as I compared it. Binance has actually a good UI and friendly user for traders. Even though their hacked multiple times people still uses it unlike other exchanges cant handle those incident and no choice but to close.

Maybe some incidents that happened to binance, CZ can still handle it, but I don't think whether CZ can continue to overcome it when binance continues to be attacked by hackers? Is CZ able to cover losses due to continuous attacks? Look at Binance, in past three months there have been bad incidents. I think they still do not have a good security system when compared to rival exchanges, Binance only wins in terms innovation alone.
member
Activity: 280
Merit: 11
August 24, 2019, 05:46:03 AM
#83
If we are talking about better, then in what aspect because different exchange with different disadvantages and advantages, so it all depends on you as a person to make your choice based on the moment.
full member
Activity: 1638
Merit: 122
August 24, 2019, 05:42:26 AM
#82
Not only Binance had problems with withdrawal. In the same exchange KuCoin could not in normal mode to process applications for withdrawal of funds.

i dont experience any delays or problems on my withdrawals on both exchange  but im aware that there are times that one of thier service is down or having some issue's because there is no such thing as a perfect exchange but when it comes to security i think there are exchange that has a good security and never been hacked before  but the only advantage of binance from other exchange site binance is  known to have a high trading volume  .
sr. member
Activity: 1456
Merit: 251
August 24, 2019, 05:38:37 AM
#81
You have excessive judgment, Binance is the best exchange with many users and a large trading volume, if Binance's condition gets worse, undoubtedly many users will go out and move their assets, I hope that won't happen.
member
Activity: 280
Merit: 11
August 24, 2019, 05:33:30 AM
#80
When you talk about better, then my question is, in what aspect because different exchange with different advantages and disadvantages, it is now depend on the user to chose which is best for him or her at that moment.
hero member
Activity: 1120
Merit: 553
Filipino Translator 🇵🇭
August 24, 2019, 05:22:03 AM
#79
Being hacked isnt their obviously want but such an incident is sometime inevitable. You cant say Binance will go bankrupt just like that due to lack of proper security. Binance known as a top exchange could be number 1 in terms of popularity amongst all exchanges but there are also good exchange aside from it. Bitfinex, Kucoin, Okex and other major exchanges also can rival them but as I compared it. Binance has actually a good UI and friendly user for traders. Even though their hacked multiple times people still uses it unlike other exchanges cant handle those incident and no choice but to close.
Binance hack that occured in fast few months are too small compare to what Binance have. We all know that hacker/s was/were able to hack only the hot wallet thtough getting the key from the API which is quite questionable how does it even be possible since we should assume that it's encrypted. Because of this incident, Binance will surely taking care of their hot wallets better than before. Crypto hacking is indeed inevitable but also avoidable. This is why storing most of exchanger's funds in a cold wallet is very important. Exchanger's owner should be too careful whom he trust with the acess.
legendary
Activity: 2674
Merit: 1048
August 24, 2019, 04:01:19 AM
#78
Well, we must be selective and careful in reading news. Further development updates through social media and official Binance support. Sometimes rumors do scare us, but that is the risk ..
Until now Binance remains the best in my opinion. Its innovation and marketing strategy in forming a network is the best, the proof is the high price of BNB. Another alternative is Okex.
Lol yeah he thinks based on recent security breach , KYC breach it would easily take them down to the ground and completely bankrupt , what kind logic is e used  Cheesy .
They are indeed losing some credibility and trust after these incidents but still it won't make them to shut down for many reasons.

There's a lot of factor on what you call as a better or best exchange and for now binance is the most popular due how they manage the trade fee, customer service, listing fee, mobile app platform etc to the next level even though they are new .. yeah they started the business two years ago but how they develop things in great way they are on top now.
We might see an exchange with high volume like okex,  digifinex , huobi , coinbene but faking their volume according to some analytic firm such as messari.

Binance is still the top one but if you uncomfortable to use them anymore well there's bitfinex, poloniex, kraken and bitstamp on my list.
hero member
Activity: 1596
Merit: 502
August 24, 2019, 03:21:54 AM
#77
I think that Binance will go bankrupt soon because if hacker attacks and scandals with users database. That is why I want to know what exchange is better to use. I know that changelly is good, but I don't know about them a lot/ Do you know it? What do you think about

you can use bittrex or kucoin mate,, if you don't believe with binance anymore
but, for me now binance still become the best exchange platform in crypto world

I think kucoin will be good for him or he can use both bittrex and kucoin together. I am sure that he needs to try one by one of the exchanges so he can select what the exchanges that suit to trade. I think it is not too difficult to choose the exchanges because he only needs to find what he wants and if he has two exchanges which he always uses, then it is good because he will have a chance to make a profit from both exchanges.

But again, it is all about the feeling that will make him satisfy to trade in the exchange, so he needs to search with care.
hero member
Activity: 2282
Merit: 505
August 24, 2019, 02:57:53 AM
#76
The bankrupt of the binance exchange site is not preditable (right now) it may possible in the future but no one know about that. The database scandal is a fake news and you should watch the latest clarrification that has already made by binance and CZ.
Kucoin, okex may become alternative exchange sites for binance but about this opinion must be based on the personal opinion consider about this must be taken from the personal experience with that exchange site.
full member
Activity: 562
Merit: 101
August 24, 2019, 02:13:39 AM
#75
I think that Binance will go bankrupt soon because if hacker attacks and scandals with users database. That is why I want to know what exchange is better to use. I know that changelly is good, but I don't know about them a lot/ Do you know it? What do you think about

you can use bittrex or kucoin mate,, if you don't believe with binance anymore
but, for me now binance still become the best exchange platform in crypto world
sr. member
Activity: 644
Merit: 257
Worldwide Payments Accepted in Seconds!
August 24, 2019, 01:49:12 AM
#74
Being hacked isnt their obviously want but such an incident is sometime inevitable. You cant say Binance will go bankrupt just like that due to lack of proper security. Binance known as a top exchange could be number 1 in terms of popularity amongst all exchanges but there are also good exchange aside from it. Bitfinex, Kucoin, Okex and other major exchanges also can rival them but as I compared it. Binance has actually a good UI and friendly user for traders. Even though their hacked multiple times people still uses it unlike other exchanges cant handle those incident and no choice but to close.
member
Activity: 285
Merit: 10
August 24, 2019, 12:03:12 AM
#73
I think, Binance is a fairly popular and quality exchange, it's just that there was an incident that made the members takun to save their funds there because of hacking, but so far Binance has been able to give the best for its members, it all depends on your decision which one more precise.
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