Topic: Why we trust binance exchange? - page 8. (Read 2364 times)
In my view, Binance is the number one cryptocurrency exchange because of its reputation in the market as well intention of binance team is that, they are completely honest and loyal with their business.
They have excellent security, therefore, I like Binance exchange a lot. I feel secure and comfortable when I trade on it or my assists are on binance even sometime it could be more than thousand dollars. I know they hacked several times but they stable again and again and it is the sign of a legit exchange.
I hope you remember cryptopia exchange they were theft our all crypto on behalf of hacking. Anyway I am giving Binance exchange 10/10.
Good luck everyone
You are definitely right about that BNB exchange is one of the best exchanges and very trusted by investors. More than that the exchange has a well-working team, which can be also the reason for trusting BNB exchange. Maybe there is so less transaction fee and it can be also reason to prefer Binance exchange. 3 what have you said are absolutely right.
Besides the high security level of Binance and high liquidity of the markets, I feel that they do not double cross their users by kidnapping their funds and asking for KYC (for example), or say one thing and do another.... they have conquered the trust of their users because they always come through... I am very suspicious about exchanges and I've already seen a lot and I can tell you that the only place where I feel my exchange funds are relatively safe is Binance...
besides that security is also very good and full responsibility to the customers there if something happens
They have proven this with one incident when they were hacked. And most exchanges when they were already hacked, which makes them the number one exchange to be avoided by their customers but Binance handled it well. It's how the #fundssafu started.Binance offers full refund after $40m hack
we can not deny if indeed binance is the biggest exchange and some IEO conducted there will surely be successful and provide benefits to investors, besides that security is also very good and full responsibility to the customers there if something happens
And they are good! Simply said they are very good in everything. With so many pairs, promotions, successful IEO's, with their bnb coin, constant development and advertisement all over the internet. They are number one for a reason and it's why people trust binance exchange.
When we are about trusting exchanges, I trust kucoin more. They are smaller, but I like them because of that. They didn't have hacks like binance, they keep their security very tight. Exchanges that keep their customers satisfied and secured will always have our trust.
There are many reasons most of the people trust binance. For me when I entered the market binance was the first exchange I used. And in few days i started to understand many basic things. Cause binance was easy to use, fast, and mist of them are trusted coins, plus volume is never a problem in binance. Then time to time I used a lots of exchange and some of them are really good. But still most of the time I use binance. Cause I just trust it.
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?
I will state my own opinion from what I have seen and experienced so far.
Binance exchange have good trading features and tools such as stop loss etc. The mobile app is more advanced than others, easily accessible and user-friendly. It also supports a lot of fiat currencies thus contributing in making crypto easily accessible while leading to mass adoption as well. Also, your points are good and correct but in terms of security, I find it hard trusting any exchange not when they are always targeted by hackers; this is true because there have been many hacked exchanges.
Do not trust any exchange, there is no guarantee that the exchange that you trust will be safe forever from hacking actions, you better save a little money on the exchange, to prevent events that you do not expect.
I do agree with you, we cannot rely or trust on any exchange because you never know when will what happens and that's why we need to be more careful towards it. Nowadays we see oftentime many hacking attacks happen and because of that we always have to remember one thing to not put all our eggs in one basket. 
What is your opinion? Drop your experiences & Opinion?
Aside from it is the biggest exchange, it is also one of the oldest.We trust binance exchange because it already proves that it is trustworthy. What we(users) are looking for is an exchange that can bring satisfaction and high security to exchange our crypto. Binance provides it and its users are really satisfied.
Do not trust any exchange, there is no guarantee that the exchange that you trust will be safe forever from hacking actions, you better save a little money on the exchange, to prevent events that you do not expect.
Binance is reputable as a result of its continuous innovations and growth heralding in major break throughs and acquisitions as well as expansion. Binance boasts of over 1000 employees worldwide with a physical presence in several countries. Also, binance is worth a lot of money making uses of the platform much more confident in the platform. Also, the CEO is well recognized in the industry and this makes his brand (binance) one of the assets that he truly cherishes meaning, he will do anything to preserve it. Binance has been constantly upgrading its security features to withstand hacks and all sorts of attacks.
There are so many reasons to like binance, one of such is the volume it has, so many traders like trading where there is volume, also the security of the exchange is cool, also it has an say to use interface, there lots of things why binance has been keeping up.when there is an issue, the support attends swiftly.
The most important thing is that the volume there is very high compared to other Exchange, the coins enter on Binance Exchange must come from a clear and good project. Shitcoin cannot enter there because the Binance Team applies difficult conditions for listing a token.
Have you heard about $BEAR and $BULL tokens on Binance ? Binance introduced these tokens about few months ago, people traded them, but then Binance delisted them. Some traders had lost a lot of money because of that. Take a look on few article about it:
https://medium.com/@ashcash_/scam-binance-7bcaa41482
https://medium.com/@ashcash_/scam-on-binance-bull-bear-part-2-9c85996e13ed (second part)
To sum up - Binance listed shittoken, gain profit from traders, delisted it.
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, it's not about the security or the best ieo launcher. but the high volume ut could generate for the altcoins because this shows that it has well enough big investors and traders. also, it has a standby fund called WAFU in case of hack and loss of funds they can pay its users back. they have built a trusted environment. 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 all three are right. I mostly use this exchange for their super active and fast support and low transaction fees. Also, they offer various types of contests to earn some money also. This exchange is heavily used and most of the coin and token has a large volume of the order on both side. So I can use this exchange anytime. They have a very strong security to protect user funds.
There is no hesitation to say that Binance is the crypto leader exchange and it is the most secured exchange ever. I haven't seen such security in other exchanges like Binance. There are high volume in BTC or altcoins. They are doing many improvemental activities for the crypto expansion that we have seen recently in Africa. Binance launchpad is the most attractive to the investors now.
Binance launchpad really attracts more investors, each time they've open an ieo lots of traders and investors are willing to participates, more people are trusting this exchange as they've already established reputation and with how they've handled customers and each hacked that's been take place they've provide security for the traders assets. 
There is no hesitation to say that Binance is the crypto leader exchange and it is the most secured exchange ever. I haven't seen such security in other exchanges like Binance. There are high volume in BTC or altcoins. They are doing many improvemental activities for the crypto expansion that we have seen recently in Africa. Binance launchpad is the most attractive to the investors now.
Even though they have a lots of activities on their exchange we cant say its number one in terms of security. Should we break down all the hacked and breached on their system? Also like the last week halving event. Binance werent able to execute timely their trades especially on futures resulting to liquidation of most traders. Their IEO and even giveaway are good and beneficial holding their tokens as they also have liquidity and keeping high ground by burning their token quarterly. However, Im not 100% sure they are perfect. There always a flaw in the system.
There is no hesitation to say that Binance is the crypto leader exchange and it is the most secured exchange ever. I haven't seen such security in other exchanges like Binance. There are high volume in BTC or altcoins. They are doing many improvemental activities for the crypto expansion that we have seen recently in Africa. Binance launchpad is the most attractive to the investors now.
Sometimes I ask myself about it too. I've heard some claims about Binance fake volumes, for example. I don't want to say that volume fakeness is the worst sin but the fact is they can do it as the most exchanges do. But evantually I think it's sort of paranoia because the problem is not exchange, excluding cases when exchange steal funds itself, the problem is in the market and the projects.
I don't think Binance do such a thing that they have fake columes and could steal funds because if it does someone would complain about it already. The reason why people trust Binance exchange because it is one of the most secure exchanges in the market, and their wallet service are safe and secured for all traders.
The most important thing is that the volume there is very high compared to other Exchange, the coins enter on Binance Exchange must come from a clear and good project. Shitcoin cannot enter there because the Binance Team applies difficult conditions for listing a token.
Have you heard about $BEAR and $BULL tokens on Binance ? Binance introduced these tokens about few months ago, people traded them, but then Binance delisted them. Some traders had lost a lot of money because of that. Take a look on few article about it:
https://medium.com/@ashcash_/scam-binance-7bcaa41482
https://medium.com/@ashcash_/scam-on-binance-bull-bear-part-2-9c85996e13ed (second part)
To sum up - Binance listed shittoken, gain profit from traders, delisted it.
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