Topic: Why we trust binance exchange? - page 17. (Read 2432 times)

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.

Binance have the best customer support I can think of, the exchange has build a very good reputation thought out crypto world since launched, binance is more than a exchange now, I can't wait to see how their binance chain will perform, its becoming more clearly that CZ (binance CEO) is not here for jokes, he is a very serious, hard-working man

Binance exchange places have a very good exchange platform so when you invest all your assets in Binance coin (BNB) then it is a very smart choice because that way you can get a lot of profit and can certainly make your assets grow more .

It's the best crypto exchange in the world so far and no exchanges are only to do your trades, on the top of that they are putting 10% of transaction fees into an insurance fund to protect against future mishaps.

Apart from that security, team reputation, customer support is remarkable, all these stuff makes me binance exchange a trustworthy.

1. Binance team are capable, no matter what they always fix the problem fast unlike other Exchanges
2. The exchange is expanding, from binance DEX to binance Chain, no new exchange can do that now, no one is close
3. IEO projects or launchpad are always successful, investors always make gains, cool right?
Now tell me why won't anyone likes binance? They are helping crypto space alot, the team will keep expanding to least areas we expected

All yes to your questions, I maybe bias but I like Binance because I believe they will continue to grow, and the fact that I have invested a decent amount on Binance coin (BNB), that  makes me super bias and I'll continue to support them just like other investors are doing.

I'm a big fan of Binance and constant trader on the exchange because CZ (Binance CEO) is somewhat transparent. I follow his tweets and when there is any update (good or bad), he let's everyone know promptly. The trading volume, security, superb UI, many features makes it top notch. However, never give an exchange 100% trust, so do not store coins on any exchange be it Binance. If you are not trading, your funds should be in your personal wallet.

The fact that the CEO has a physical presence and constantly looking to diversify into almost every blockchain venture gives binance a global reputation and that brings enormous confidence in the brand. Binance houses some of the leading blockchain exchange features and is built to offer a simple interface to all classes of individuals making it one of the choicest exchanges. With some of the leading Fiat currencies available on its exchange, people find it easier to transact on the binance exchange.

First of all binance is very selective to launch any ieo they always give priority to the quality projects that's why only reasonable altcoins are available there in various trading pairs with good liquidity and the second thing is binance is very improve in matter of security and the important thing is kyc procedure is optional there and you may withdraw fund without kyc with limitations so these kind of advantages make this exchange trustable.

As you know that the online Binance crypto-to-crypto trading platform available today, at first Binance was not as well-known as it is now, in the 2017 period, when they were in China, for that with very strict legal rules in China finally Binance chose to move to Japan, a country that loves electronic currencies until now.

What makes Binance flourish today is thanks to Changpeng Zao, who is the most known at this time CZ, he is the one who made Binance as it is today through the transaction system at the Tokyo Stock Exchange, This process is so long that it can achieve this, before the start of Binance, so people can invest in developing their new company to raise funds through the Initial Coin Offering ICO process, This is where Binance first began to develop in 2017, people have started to be interested in investing in ICO to 5 million dollars, since then Binance received 240,000 requests to create a new account.

Why many people want to trade on Binance and the biggest exchanges at the moment.
the answer:
1. Binance has 100 types of currency in gital currently on their platform.
2. Binance conduct transactions with low cost 0.1% at this time, if you exchange 1 ETH you will be deducted only 0.001 ETH fees.
3. Binance has its own unique way of trading by winning prize draws such as cars, ONT coins and many others, for the customer.
4. Binance has an ICO launch pad and also about security that must be accompanied by authentication (2FA), also you can do the largest transaction volume that you can.

I think with a little explanation about Binance for you, although not as detailed, at least you can understand the current Binance why it can progress like it is today.

They deliver the best exchange experience, binance team are one of a kind, very hardworking and willing to take crypto into another next level, now they are in control of coinmarketcap, thanks to binance and other top exchanges, IEO is making sense only through this top exchanges

All features and benefits aside, binance has proven to be the top of all exchange with their easy to use blockchain solutions.
Binance broke down blockchain dominance to enable every participants both newbies or professionals have a taste of what the blockchain brings.\

Binance dev is capable, and more is still coming from binance, just stay tuned.

1. Binance has the best team and CEO overall that's why they make it this far
2. They expand to various part of the world, now in Africa e.g Nigeria, we can deposit Fiat directly today, that's a huge accomplishment
3. IEO is always profitable on the platform, be expecting 2x to 8x from any IEO on binance
4. Hackers stole from the exchange and the team reimbursed all the stolen funds
Hell yes traders and users will trust such exchange more than any other

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 

Reason why they got alot of hack attempts is because they are the largest exchange, so its normal for them to get targetted alot. If there is a new exchange with horrible security with zero clients and never gets hacked, does it mean its better than Binanace? Of course not.

Regarding the hacks, from what I recall they aren't exactly Binance's fault. From a popular hack about a year back or so, it seems that many people reused the same username, password and no 2FA. The hacker simply enabled API access for all those accounts, maybe a hundred or so. They bought some very illiquid altcoin prior for next to nothing. Then they all of a sudden pumped the coin 100x and the hackers orders were filled. Then he attempted a withdraw and it failed, his BTC was confiscated and they reversed most of the trades. So good security on their part.

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.

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.

1 It has a very good CS and the exchange site is very convenience to be used everyday
2 The discount fees and i was using binance coin to trade on binance exchange site
3 it gives much more guarantee just like when it was getting hacked and binance has recovered all of funds were getting stolen due to the attack from the hacker

The statements above are my reasons why i trust binance but just to asnwer your question

Binance is still not having the best security consider it has been getting hacked several times.
IEO could not be the reason caused by there was a better platform that offers better IEO ROI like gate.io

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?


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