Topic: Why we trust binance exchange? - page 13. (Read 2433 times)
Like people would say,the binance CEO has built reputation for the binance exchange, people can go to bed with their funds in binance without being afraid,unlike some exchanges,it has strategy of bringing more people to using the exchange which has over time built volume for the exchange, also it scrutinize s the Project it takes for IEO,this makes binance exchange stand out.
3: best ieo launcher? Compared to the other exchange?
What is your opinion? Drop your experiences & Opinion?
In this point, MXC exchange is becoming the best competitor among all the exchnages because of the M-Day events which is just like binance launchpad. As many projects gain more ROI than binance launchpad's projects. Just see this cryptodiffer tweets.What is your opinion? Drop your experiences & Opinion?
Tweet Links: https://twitter.com/CryptoDiffer/status/1254799508640317443
Without doubt Binance exchange is the best and in tikes of features they have the best especially crypto to fiat transaction in many countries and when it comes to security and trust, they have earned much of it from users so I think Binance has gained recognition that can't be belittled anytime soon and the CEO to has bought some assets that gains him more respect.
3: best ieo launcher? Compared to the other exchange?
What is your opinion? Drop your experiences & Opinion?
In this point, MXC exchange is becoming the best competitor among all the exchnages because of the M-Day events which is just like binance launchpad. As many projects gain more ROI than binance launchpad's projects. Just see this cryptodiffer tweets.What is your opinion? Drop your experiences & Opinion?
Tweet Links: https://twitter.com/CryptoDiffer/status/1254799508640317443
Well just like what others said binance is trusted because of many things like their high security features, cheap transaction fees and good support. Even the past hacking incident has been resolved smoothly, just an indication you chose the best exchange in the market at this point. The reason why binance is one of the exchange i've been using since before aside from kucoin.
I think the Binance exchange place has been hacked and everything can return to normal because from the statement that I got they have insurance that can cover all assets when hacked everything will still be safe even though they will do a lockdown for a few days but the great thing is there is no case of a trader losing his assets when hacked at the Binance exchange place. 
Their security is almost the same as the other big crypto exchange out there, the big advantage of Binance is their innovative strategy when it comes to recovering the sudden loss of their customer's crypto assets due to hackers and this has been proven last year. This is why they are now the top one crypto exchange in the world. they manage to overtake those exchanges who already been there for years. Many investors who have been victims of such kind of hacking became super fans of Binance exchange due to their strong and reliance innovations.
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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?
People choose binance as their place to trade is because binance allow people from skipping the KYC, so people don't have to send their document if they don't want. Without sending the KYC, people can still withdraw their bitcoin to another exchange so they can convert the bitcoin to their local fiat.
Binance has a big list of coins that have been traded in that exchange, so people feel comfortable to choose binance to trade and make money.
1. I think security is almost the same as the other exchange.
2. I don't check all of the volumes of the altcoin, but I guess that binance have a high volume.
3. So far, binance offer the project to launch their project in binance, and many of them succeed to get the investor by using binance.
Well just like what others said binance is trusted because of many things like their high security features, cheap transaction fees and good support. Even the past hacking incident has been resolved smoothly, just an indication you chose the best exchange in the market at this point. The reason why binance is one of the exchange i've been using since before aside from kucoin.
One of the reason why people prefer Binance is it's flawless system and quick support. They have one of the lowest fees and provide multiple services from the same place like staking, lending and they have even integrated JAXX wallet.
People also feel safe trading on it due to it's safu, which is a fund to compensate users if the hot wallet is hacked in any scale.
People also feel safe trading on it due to it's safu, which is a fund to compensate users if the hot wallet is hacked in any scale.
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.
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
3: best ieo launcher? Compared to the other exchange?
What is your opinion? Drop your experiences & Opinion?
In this point, MXC exchange is becoming the best competitor among all the exchnages because of the M-Day events which is just like binance launchpad. As many projects gain more ROI than binance launchpad's projects. Just see this cryptodiffer tweets.What is your opinion? Drop your experiences & Opinion?
Tweet Links: https://twitter.com/CryptoDiffer/status/1254799508640317443
Why binance called world largest BTC exchange?
Binance was called world largest exchange because of their innovation in crypto market, expanding their business to different continent and the SAFU they implemented.1: the highest security is available in binance compared to the other crypto exchange?
No crypto exchange site is ever safe from hacker and i consider coinbase as the highest security exchange. 2: Generate high volume in the altcoin?
Yes and thats because they have already targeted the most populated countries.3: best ieo launcher? Compared to the other exchange?
Yes but when they first lauched their IEO every is perfect but they later mess up at some point. 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
Binance changes the way people see exchange site when they introduced SAFU but people shouldn't forget that one of the safety rule and regulation of every cryptocurrency traders, investors and enthusiasts most abide is never trusted an exchange site (not to mention centralized exchange) and only keep the fund you can afford to lose on it.
Why the sudden change?
You're wrong buddy and the last time i checked every exchange site is guilty of scam coin listing. However, 65% of all IEO done on binance are not that profitable as we speak.
Why the sudden change?
The only reason Binance is so popular is that they don't list scam projects. The projects listed at Binance are the best and help investors get profit. In addition, Binance's security is very good and we do not need to fear hackers
"The only reason Binance is so popular is that they don't list scam projects." --exactly
Generally because the volume is very high and they have multiple security mechanism like storing bulk of amount in cold storage , having instance policy by storing a portion of their brokerage in case of theft etc.
Hacks are an inevitable reality for centralized exchanges, One of the best feature of binance is the fact that funds on the exchange are insured. Users have their funds replaced when hacks happen,that is not to suggest that they should have crappy security or that users should leave large funds on the exchange
That would be interesting to note but i doubt that they will refund all the users once their exchange is hack.
Binance is one of the exchange that i trust and i assumed that their security is good because nothing has happened to my funds in them though not big but still worth a cry
. When i first entered into this cryprosphere, Cryptopia and Binance were the exchange where i am trading but unfortunately Cryptopia collapsed/scam exit, i hope that i won't happen to Binance.
All questions are answerable by yes with a bit of maybe on the first one regarding security. As you all knew, Binance has been hacked not only once and this part makes me terrified knowing the number 1 exchange can still be breached. Of course no one is highly invulnerable to such attack but what I do like about them is the assurance that users will be affected on the said hackeds will be compensated as their CEO is very concern to his users. This is a true genuine leader which even with problem you can count on him. Im not saying their perfect but the result is observed and many people really like them a lot.
Hacks are an inevitable reality for centralized exchanges, One of the best feature of binance is the fact that funds on the exchange are insured. Users have their funds replaced when hacks happen,that is not to suggest that they should have crappy security or that users should leave large funds on the exchange
That would be interesting to note but i doubt that they will refund all the users once their exchange is hack.
Binance is one of the exchange that i trust and i assumed that their security is good because nothing has happened to my funds in them though not big but still worth a cry
. When i first entered into this cryprosphere, Cryptopia and Binance were the exchange where i am trading but unfortunately Cryptopia collapsed/scam exit, i hope that i won't happen to Binance. The only reason Binance is so popular is that they don't list scam projects. The projects listed at Binance are the best and help investors get profit. In addition, Binance's security is very good and we do not need to fear hackers
"The only reason Binance is so popular is that they don't list scam projects." --exactly Jump to: