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Topic: Why we trust binance exchange? - page 11. (Read 2433 times)

sr. member
Activity: 1274
Merit: 263
May 08, 2020, 07:02:27 AM
Binance is the most trusted trading crypto exchange in all because they serve us more than few years and they proven to us that they are legit because even they have some problems they will resolve it quickly because they know on how to handle the problems and on how to solve it so I really give my trust to binance and I think I will spend more years in exchanging coin to that site.
jr. member
Activity: 209
Merit: 1
May 08, 2020, 06:48:05 AM
Well in terms of security, i think binance needs to improve on that, as they have been hacked quite a number of times which indirectly raises a red flag in terms of the security level offered by the platform. But in regards to navigation, binance is sure sound on that. It has well layed out navigation system which i find interesting
member
Activity: 574
Merit: 18
Making Smart Money Work
May 08, 2020, 05:30:38 AM
Binance rocks   Cool that's why people love that exchange, their customer support is very ok and over average compare to other exchanges, both withdrawal and trading fees are fair, binance launchpad rocks, fundraising on the exchange is always a success
copper member
Activity: 1120
Merit: 2
May 08, 2020, 05:16:01 AM
Binance I personally like a lot.Anyone can trade here as they wish.Its biggest advantage is its Safu system.Investors' funds are protected here. The investment guarantee here is much higher than on other exchanges. That's why I prefer it.
sr. member
Activity: 1610
Merit: 294
www.licx.io
May 08, 2020, 04:08:40 AM
Normally fast, safe, comfortable also good for trades and others. That's how everyone wants, besides Binance is already world-leading in the exchange of both well-known coins and hundreds of other cryptocurrency which takes only minutes.

This might be a big magnet for Binance.
member
Activity: 92
Merit: 10
May 08, 2020, 03:43:13 AM
In my opinion, Binance is not just an exchanger, Binance also aims to a large ecosystem, with goals and visions in the blockchain industry, for example: Incubating start-up projects (Binance Labs, Binance Launchpad),  In-depth data analysis (Binance Info, Binance Research,Binance Academy)...
In addition, Binance uses the latest technology to protect the platform, 24/7 Customer Support Service...
It is true that no one can predict exactly what will happen in the future, but at least up to now, Binance still has smart steps to maintain its position in the industry.
sr. member
Activity: 1428
Merit: 251
May 08, 2020, 02:35:49 AM
Why binance called world largest BTC exchange?
1: the highest security is available in binance compared to the other crypto exchange?
2: Generate high volume in the altcoin?
3: best ieo launcher? Compared to the other exchange?


    What is your opinion? Drop your experiences & Opinion?

In my opinion, Binance is becoming big now because of investor confidence. After hacking happened some time ago which harmed 7000 Bitcoin, Binance was able to handle and compensate for losses. Because of this step, Binance is increasingly trusted in the eyes of investors and this makes the transaction volume continues to grow
sr. member
Activity: 868
Merit: 251
HEX: Longer pays better
May 08, 2020, 02:15:46 AM
Why binance called world largest BTC exchange?
1: the highest security is available in binance compared to the other crypto exchange?
2: Generate high volume in the altcoin?
3: best ieo launcher? Compared to the other exchange?


    What is your opinion? Drop your experiences & Opinion?
I am a user of binance exchange about 2 years and I really had a great experience here. There are more than 3 things that you have listed. It is a rich exchange and even if hackers have stolen their money, they can still make up for it. Besides, BTCUSDT volume is the highest in the crypto market and always selects the best projects to implement IEO.
And the best thing about it is that Binance only lists good alts or tokens. They never work with shitcoin or scam coins.
full member
Activity: 2520
Merit: 204
May 08, 2020, 01:32:24 AM
Why binance called world largest BTC exchange?
1: the highest security is available in binance compared to the other crypto exchange?
2: Generate high volume in the altcoin?
3: best ieo launcher? Compared to the other exchange?


    What is your opinion? Drop your experiences & Opinion?
From whom this statistics come from?binance being the biggest Bitcoin exchange in the world?well they can claim whatever they want but this does not mean that it is indeed,though i am a binance user and supporter also.
1: Security is offered and indeed ine very exchange but claiming to be the Highest?what is your basis in comparison?
2: Generating High Volume in altcoin is depend in that currency itself and exchange does nothing to do on that.
3: Best IEO Launcher because they are Pumping but after what?
You are making statements that only you can prove.
jr. member
Activity: 980
Merit: 1
May 08, 2020, 12:58:48 AM
There are a lot of negative rumors about the binance in general. I read on this forum that bibans again lost a large number of accounts. I do not use this exchange. It doesn’t matter to me whether it is the first in the world or not. I think it is not reliable.
hero member
Activity: 670
Merit: 512
May 08, 2020, 12:14:00 AM
Because Binance is the top-level exchange and they have a lot of features. It's very trusted and a lot of people using Binance nowadays. The interface is very nice and you can use it smoothly. they don't ask for KYC if your capital is 2 BTC but if your capital is more than 2 BTC than you need to do KYC.

I am using this exchange and it's about 1years+ everything fine here.I trust Binance mostly and beside Binance also using Kucoin as an altcoin exchange Smiley because I found most of my favorite/new altcoin at Kucoin.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
May 08, 2020, 12:06:36 AM
many good things about binance, especially in their movements in the real world. Well, CZ really guides Binance to be a trusted exchange place to date. to be honest, which makes me even more confident with binance is that they are responsible for the problems they receive. for example such cases of hacks that occur. they really took the right step by replacing the money that had been stolen and making quite a number of people comfortable. Well, I think there are many other advantages that binance has.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
May 07, 2020, 11:30:04 PM
You can deny as much as you want. It is popular and has never been a victim of its investors to date. As a result, everyone still pays attention to Binance listing. How many of us have not invested in a coin in the hope of being listed on Binance?
As long as the coin can be listed in another major exchange site and it doesn't need to be listed on binance.

Investors even became a victim of security breach that happened with binance but the company can solve the problem very fast and it's not getting louded.

This is a good exchange site but not for the security.
full member
Activity: 686
Merit: 102
May 07, 2020, 06:37:09 PM
What is your opinion? Drop your experiences & Opinion?

Why not. They are running their business world wide even where crypto currency are not allowed. They have 400+ legit project on their CEX exchange, They have their own blockchain, low fees and great customer service. What would you need more from an exchange..? Last year they got hacked and lost lot of asset but they show how much they are professional and refund their customers losses. If Binance was a scan exchange then it'll be gone log days ago and never returned customers losses. You can find more from this article why people think Binance is trust able and biggest exchange in crypto currency.
sr. member
Activity: 1568
Merit: 321
★777Coin.com★ Fun BTC Casino!
May 07, 2020, 01:51:47 PM
You can deny as much as you want. It is popular and has never been a victim of its investors to date. As a result, everyone still pays attention to Binance listing. How many of us have not invested in a coin in the hope of being listed on Binance?
sr. member
Activity: 1610
Merit: 264
May 07, 2020, 01:49:52 PM
Not sure about the security,OP.
You can't ensure security when we're talking about online exchanges, since your security isn't truly relying on your own but to someone else instead.
I read that there was like data leak long time ago in Binance and some people were claiming it as a fake news or just a cover-up, but who knows.
Thing is you'll never feel secured and protected everything in online, as someone made the algorithms for the security and surely minds of people would oppose the other and they're what we always call "hackers".
member
Activity: 1358
Merit: 10
www.cd3d.app
May 07, 2020, 12:42:51 PM
At present the cryptocurrency world; Binance is a trusted and reliable cryptocurrency exchange. The security of investors' money is relatively high here. The CEO of Binance is always active with his team in the development and security of the exchange. They do not list here without good quality tokens. Its volume is much higher. I personally feel comfortable trading here.
member
Activity: 92
Merit: 10
May 07, 2020, 12:41:49 PM
Binance is a large, official and responsible company, after the incident at the time of the exchange hacking they were responsible and returned their users' money. on one side I trust Binance because the exchange Binance has valid data or coins, many users and easy to use.
sr. member
Activity: 1890
Merit: 252
May 07, 2020, 12:17:09 PM
Indeed for the moment Binance is the largest market user in the cryptocurrency world because of the already assured trust and the security system that is applied is very good, and the average volume of coins is so good that many are using binance but we also have to know every there is an excess there is a shortage, but I for now is still safe to use.
Binance is still safe to use, but remember that everything can happen, the exchange platform may be attacked by hackers, like Binance has gone through, it's better to save your funds in the wallet
member
Activity: 111
Merit: 10
May 07, 2020, 12:00:22 PM
1. Yes, it is proven that binance has very good security and yesterday's incident I think is because there are people in the hacking
2. the average volume there is indeed very high
3. most of the IEOs conducted there have experienced more success than other exchanges because the community there is very large

Definitely they are good in security but even if there is a hack like last time the team reacted very fast and they restore te investor funds which give confidence to the investors which is very important to any exchanges. The higher success ratio for their IEO is as CZ stated earlier they are concentrating on the quality projects rather than the number of projects launching through their launchpad as far as they could. No doubt that Binance has become the Amazon or Google of the crypto ecosystem in my view
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