Why we trust binance exchange? - page 16.

Wh00re

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Quote from: Olaphash on May 05, 2020, 01:23:51 AM

Quote from: Python Master on May 05, 2020, 12:44:56 AM

When Binance first start it didn't have highest trading volume and IEO yet. What they had at that time, easy to use and friendly website designed, trading terminal, enthusiast support team, good strategies. I remember that time Polinex and Bittrex were biggest exchanges, they refused my KYC dozens times, while Binance completed it in a day. Because of that, now Binance is the biggest exchange.

Binance KYC is the best here. It's almost instant as long as requirements are met. KYC verification isn't also compulsory, it's only needed for increasing daily limit and withdrawals of fiats

Which could change any day with laws being enforced worldwide.

You can't trust Binance. It's been hacked once, and it's likely happening again when you least expect it. CZ himself is afraid of DEX's as they are TRUSTLESS - Meaning you don't need to trust anyone when you trade as you're in position of your own private keys at all times. Simple.

There's a reason why Binance tried to steal Blocknet's DEX ideas and source code back in 2018 when Blocknet applied to be listed at Binance.

I'd much rather trade on the Blocknet DX platform and support it, than a scummy exchange like Binance in the fault of trying to compromise the Steem DPOS blockchain through "stealing" votes on the blockchain using other people's funds.

target

legendary

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All hail Binance! A coin not listed in binance will not succeed! Grin

Quote from: JHORN on May 05, 2020, 07:51:47 AM

Believe me crypto exchange is a tough business and it wasn't easily for all these top exchanges of today to get in the position they are today, every new exchanges have flaws but the determination of the team depends on its outcome, binance team deserve a round of applause, they give the best services to customers and once the exchange was breached they paid all customers back

Hard to maintain the position on top that is why binance will do all the dirty work to get be there all the time. When a crypto exchange becomes bigger like it control everything and can demand everything, this will never be a decentralized market.

bitcoin31

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Quote from: rinkidas14 on May 05, 2020, 12:32:34 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 think binance is the highest securitt of all the crypto exchange or very secure compared to the others.
it's up to you if you believe on that or not but for me that is what I experienced because I've never lose money or any coins since I started use binance. Many people trade in binance so it is highest volume for sure in all crypto exchange too.

SyndicateLabs

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Quote from: Barbut on May 05, 2020, 09:08:46 AM

Quote from: ElmedoRator on May 05, 2020, 08:54:08 AM

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

They had few hacks, but they showed they can deal with that! That how someone deals with problems tells a lot, and it's why we trust Binance if it happens again we know they will act responsibly! I think they deserved no. 1 position, they work hard, they have good marketing, they take care of customers, and as long as they do that we will see them on top!

Agree they were hacked, but the user was not affected by the hack. Everyone has been compensated from Binance so no one complains to it. This is the only exchange that compensates users instantly for loss, and from then on I fully trust this exchange and use it without fear

fortunecrypto

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Quote from: rinkidas14 on May 05, 2020, 12:32:34 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?

When Bitcoin was falling at the start of pandemic the CEO is the first to calm people from dumping hard by assuring that he will never sell his share of Bitcoin and it will not go down to $1, it's a great assurance from one of the whale on thee industry, because of this people have earned his trust and of course all of the points you mentioned here counts.

Psynthax

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Quote from: ElmedoRator on May 05, 2020, 08:54:08 AM

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

there's always possibility of being hacked even when they invested so much into security there's always a hole but what most people want is that exchange able to make sure their clients fund safe and if there's something bad happen due to their mistake they will reimburse, binance so far is quite good at that I must admit.

slashz9

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its a good exchange with many pairs coin, low fee trade, friendly customer service, fast response when people get some issue.
i think it all exchange do same service like binance they will get good reputation too.

scopatumana

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Personally, i like the transparency of Binance exchange or more to say their quick to interact behavior. This behavior is good even if you're running a "not all that good" platform because you win the trust of many customers. The way the CEO is active, and the team is quick to respond, also they help develop various other crypto projects. I think they're good ajd people will stick with them for some long time.

Barbut

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Quote from: ElmedoRator on May 05, 2020, 08:54:08 AM

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

They had few hacks, but they showed they can deal with that! That how someone deals with problems tells a lot, and it's why we trust Binance if it happens again we know they will act responsibly! I think they deserved no. 1 position, they work hard, they have good marketing, they take care of customers, and as long as they do that we will see them on top!

SolarWindMiningCompany

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Quote from: rinkidas14 on May 05, 2020, 12:32:34 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?

Safety of funds It is for me. As simple as that. Asides Binance numerous benefits against other competing crypto exchanges, the fact that I have insurance to get my funds back even when the exchange is hacked(via safu funds) gives me the assurance to trust Binance more

ElmedoRator

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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

Maestro75

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Quote from: joinfree on May 05, 2020, 08:06:47 AM

Because it's being managed by a serious business-minded person CZ. He has put in place all measures just to get the attention of his community when it comes to trading on exchanges. They have built a solid brand for themselves and the exchange is very liquid too compared to others. Which exchange have you heard refunded its members after they were hacked! only Binance has ever done this.

Yes, this truth and I want to believe it stays this way for long. When we remember once great exchanges like coinexchange, polonix and bittrex and how unpopular they are now, we know that nothing stays up forever. Binance may not be invincible to new world challenges just like others before it was. Challenges will come but I want to think that Binance will overcome when it comes.

gunungkembar

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Binance has a very good commitment and can last up to now because the Binance exchange place provides performance and development that can give a good influence on the development of cryptocurrency, more and more good features are provided at the binance exchange place and more and more traders choose the Binance exchange place be the best exchange place.

joinfree

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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

Because it's being managed by a serious business-minded person CZ. He has put in place all measures just to get the attention of his community when it comes to trading on exchanges. They have built a solid brand for themselves and the exchange is very liquid too compared to others. Which exchange have you heard refunded its members after they were hacked! only Binance has ever done this.

sidkz

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I completely trust this exchange
I'm not afraid to leave tokens there and they will not disappear

this is the best exchange for me among all

umbara ardian

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Quote from: JHORN on May 05, 2020, 07:51:47 AM

Believe me crypto exchange is a tough business and it wasn't easily for all these top exchanges of today to get in the position they are today, every new exchanges have flaws but the determination of the team depends on its outcome, binance team deserve a round of applause, they give the best services to customers and once the exchange was breached they paid all customers back

Agree with you, exchange binance will never let users down. They do not accept scam projects in their exchange. If a project is shady, they will delist it. In addition, if the exchange is hacked, the investor will surely receive compensation from the exchange

KidTalent

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Where does everyone store their BNB coin if it's not safe to hold on an exchange?

JHORN

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Believe me crypto exchange is a tough business and it wasn't easily for all these top exchanges of today to get in the position they are today, every new exchanges have flaws but the determination of the team depends on its outcome, binance team deserve a round of applause, they give the best services to customers and once the exchange was breached they paid all customers back

WSDN

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Quote from: bluebit25 on May 05, 2020, 07:35:23 AM

Quote from: AmoreJaz on May 05, 2020, 12:50:47 AM

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.

Although they were hacked, they soon fixed it. Remarkably, investors did not lose their money, SAFU Fund helped keep investors safe. If this hack occurred in other exchanges, I believe that those exchanges would have collapsed and exit this market.

I agree with you that if you have been hacked, it will certainly be difficult to regain trust, but Binance is different, they make investors trust more and still stand at the number one position in this market. However, you should not use all assets at an exchange because it makes you more at risk and should be kept in your wallet to ensure for you. Of course the final choice is yours and always keep your property in the safest way.

pikkie

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Quote from: bluebit25 on May 05, 2020, 07:35:23 AM

Quote from: AmoreJaz on May 05, 2020, 12:50:47 AM

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.

Although they were hacked, they soon fixed it. Remarkably, investors did not lose their money, SAFU Fund helped keep investors safe. If this hack occurred in other exchanges, I believe that those exchanges would have collapsed and exit this market.

the Binance exchange place has insurance that can handle all risks when something unexpected happens as was the case in the past, where the binance exchange was briefly hacked and all the traders' assets are still safe because the Binance exchange is a trusted exchange platform already thought about it.

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