There is also the simple fact that they are the biggest? I mean we can do whatever we want there because we know that everyone else is there as well, we know where they are and we know how to make some money when we are there as well.
So, it is loved and trusted just because they are simply the best, they are the most used, and they have insane volume, plus they have all the coins you may want, no BS coins that are horrible and all that, all the coins there are known and liked so basically binance all around has everything a person who trades or even just long term buys may want. Is there other places that are nice? Sure, I like kucoin and even bittrex, but none of them do everything as well as binance does, binance is just levels ahead of them in many things.
Topic: Why we trust binance exchange? - page 12. (Read 2433 times)
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.
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
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
You can say binance can be reliable in these aspects. If you want to invest in a project that is in their launchpad for IEO, its as good as binance had indorsed this project and cab highly be successful. Its also been hacked once and binance has an insurance policy for these incidents too. But for trusting KYC, it may not really be that easy to trust them.
What I like most about them is that our funds are SAFU there. They have an active & visionary CEO. Besides, it is very easy to make large transactions without KYC. An attractive package in all respects.
Binance has been doing it consistently for years now. i believe in them highly
Binance is the most important and well-known exchange on the crypto market. It has a very good team and also has listed around 500 of the most famous cryptocurrencies. They have a very good trading volume, an easy-to-use interface for even the most novice, but also a well-developed customer support. However, I think they still have a little work to do in terms of security, as they have had some problems in the past
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
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
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?
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?
Binance is the largest and most trusted exchanger because it is capable of handling events in a good and responsible manner. Binance bears losses due to hacking cases and this is one that makes investors believe in trading on Binance
If others are ready to take responsibility like Binance does, they would have had though competitors. So taking responsibility make us to trust them more.
Agree, there are no exchangers that are 100% safe from hacker attacks because every day hackers will always look for loopholes to take customer funds. But the reaction of Binance which is able to reduce investor panic makes Binance more trusted by Investors and this continues to make transactions in Binance continue to increase
I see binance as an easy PLATFORM to use for anyone. You can easily sign up , deposit, watch little introductory video about the platfrom usage and start trading. You can complete kyc also in 48hrs. No stress about anything.
Yes, that's right, the service is also very good, so it is only natural that the Exchange Binance is widely liked by everyone in terms of its use, and Binance also has a good reputation in the exchange category. We trust binance because it is a big exchange and there are a lot of users that using binance exchange.
Lot users means the exchange is reliable, and many peoples trust them.
If i don't want to lose my money, of course i will need to using trusted exchange than new exchange.
I didn't find your reason to use Binance exchange, everyone using so you are using this exchange. Binance exchange has the highest trust in cryptocurrency which trust this exchange gain in few years. Where others exchange had only exchange service, Binance has plans to monopoly everything. Binance next plans is also good, for this all services Binance gain huge trust. Lot users means the exchange is reliable, and many peoples trust them.
If i don't want to lose my money, of course i will need to using trusted exchange than new exchange.
i dont have anything against binance about being one of the trusted exchanges, but how did you assess bnb to have highest security, where they were hacked last year? though they may have already upgraded their security system, but you dont have any back up of such claim.
As far as I know they were able to freeze the transactions of the hackers and that left them unavailable to get any or atleast just some of the assets hackers trying to steal. If that would had happened in other exchange then hackers would have gotten away with free loots in their hands. It a lesson learned from Binance and they even upgraded their system to tighten up the security.
Yes Binance is the best exchange in terms of many things of which you have highlighted most but I do not fully agree with you. No exchange can fully be trusted nor can any exchange be said to be secured, remember as big as Binance is, it was still hacked, that sends a very good message. But in other terms or attributes such as volume, IEO and so on, it is the best and can't be compared with others. Lastly, I still use Binance but I try as much as I can to be careful, same thing with other exchanges.
i dont have anything against binance about being one of the trusted exchanges, but how did you assess bnb to have highest security, where they were hacked last year? though they may have already upgraded their security system, but you dont have any back up of such claim.
As far as I know they were able to freeze the transactions of the hackers and that left them unavailable to get any or atleast just some of the assets hackers trying to steal. If that would had happened in other exchange then hackers would have gotten away with free loots in their hands. It a lesson learned from Binance and they even upgraded their system to tighten up the security. 
Regarding security issues Binance is not the best exchange, it has been hacked and revealed KYC information of users. The point that makes me happy about Binance is the cheap price and the support staff is quite good /.
Can you recommend me which exchange is more secure than Binance? This is the leading exchange in this market, so I believe they are also the best in terms of security. Although they were hacked in 2019, they quickly fixed it and I believe it will not be possible to happen in the future.
They set a high bar standard even from the very beginning of their platform. They have set a high price for listing a coin/token, so to make it sure that all binance listing would be 100%legal and serious to the project.
It is the most secure exchange in the marketplace. Binance is a safe option and a trustworthy cryptocurrency exchange globally. According to the marketplace, Binance receives over 250,000 new account applicants are there in the trading platform and also it provide 2FA(Two Factor Authentication) and a powerful AI system that can even disable and block hackers to protect users. https://www.binance.com/en/blog/419417682154909696/Binance-2020-New-Year-Message-Building-Foundations-- their first letter to it users and community tell more about what they even have in the plan this year.
I see binance as an easy PLATFORM to use for anyone. You can easily sign up , deposit, watch little introductory video about the platfrom usage and start trading. You can complete kyc also in 48hrs. No stress about anything.
We trust binance because it is a big exchange and there are a lot of users that using binance exchange.
Lot users means the exchange is reliable, and many peoples trust them.
If i don't want to lose my money, of course i will need to using trusted exchange than new exchange.
Lot users means the exchange is reliable, and many peoples trust them.
If i don't want to lose my money, of course i will need to using trusted exchange than new exchange.
Regarding security issues Binance is not the best exchange, it has been hacked and revealed KYC information of users. The point that makes me happy about Binance is the cheap price and the support staff is quite good /.
This all due to reputation mainly. One of the oldest exchange with one of the biggest volume
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