Bitcoin Forum

I have an account on bittrex and coinbase.  I have not traded at all though.  There are also other exchanges like gemini but thesse seem to be only btc and eth.


I'm talking about exchanges similar to bittrex.


Can someone tell me how is binance?  Do you need to send in verification documents fire before you can trade there?  You can create an account and i assume everyone here uses their real name right?  I use my real name with bittrex and sent in my documents and got enhanced verified.


With binance, do they require verification?  If not, how much btc can you send/withdraw there?  But with verification, is it like bittrex?


Also i see its located in shanghai or hong kong.  Does that mean no country is restricted from using binanace?


Also how are the fees and withdraw fees?  I read that the fees are the lowest of them all?  Also i notice a big difference.  The buy/sell of btc is like 200 dollars higher on binance as oppose to bittrex.  And coins like power ledger cost like 1 cent less on binance as oppose to bittrex.  So does that mean using binance is better than bittrex?


As for exchanges, are these the top 2 exchanges when you talk about altcoins?

you can trade there as long as yu want no verification required ,verification only required if you want to increase your withrawal limit. From 1btc a day to 100btc a day.

Binance is one of the safest exchanges around. They create monthly polls and new altcoins. Every user of it enjoys using it. I know some people even holding binance coins because exchange is awesome.

Hey all.  Everyone that creates a binance account use their real name right?  Or they don't even require this?


I read people put a fake name on bittrex but then had issues because of verification and couldn't withdraw?


I used real name on bittrex but on binance, do most of you use real name?  I assume yes?

the first time I use Binance if trading is not required document verification is required, but if withdrawal is required verification, it does not take a long time just a few moments, and it can increase your maximun withdrawal limit. there is very safe because using 2fa

Hi there.  So if you create an account, you can send btc to trade there.  But you cannot withdraw any coins until verification... is that correct or not?

Now binance can be said of heavy rivals bittrex, many traders who move to binance. I also no longer trade in bittrex, because my verification has been rejected repeatedly. Now i prefer to trade in binance and i'm sure binance will be more popular than bittrex.

You can trade even without sending verification documents first because they have three level of accounts. Level 1 has a withdrawal limit of 2 BTC per day, level 2 wherein you need to send documents has a withdrawal limit of 100 BTC per day and if you want to withdraw higher amount then you can contact them to upgrade to level 3.


They give you the option of using their coins (BNB) as trading fee. This would automatically give you 50% discount of the fee which would make it cheaper compared to other exchanges. If you opt to pay not with BNB then they will charge 0.1% for the fee compared to others that has a fee of 0.15% - 0.25%.



Because of the problem with Bittrex in which accounts have been disabled, many traders transferred to Binance to trade. They may have lesser number of coins to trade but they are constantly adding coins so sooner or later it would be one of the top exchanges. Personally, I trade in Binance now while waiting for my Bittrex account to be enhanced verified.

Hi there.  But those that create accounts, most of you are using your real name right?  Because if you use a fake name and then have issues later on, then it would be a problem?  I read some ppl on bittrex used a fake name but then they made btc withdraws very low unless verification. 


Is that 2 btc withdraw limit a day their policy ever since btc price was very low?   Because if it was when the price was very low, then that would be low.  But of course that is very high now.


Can you explain the BNB?  I dont really understand this.  So at first you need to send btc to them.  So then you buy bnb with your btc?  If so, how many do you need to buy?  Are you trading bnb with other altcoins?  Im confused about bnb here.


Are prices on binance better or worst than bittrex in general?


So are they clearly the number 1 choice right now? 

I used my real name on bittrex as im enhanced there.  But is there a reason why anyone would use a fake name?  Because if you use your real name well if you dont any verification, well nothing happens anyway right?  So im confused why people dont give their real name?

Can you help me, how to use binance. for this time i USE etherdelta and the problem is not all coin can in exchange leat etherdelta.THANKS.

Can others confirm here you could withdraw up to 1 btc without verification at binance?  Also what if you are withdrawing another coin?  I assume the total up to 1btc?  Because if thats the case, well lot of people wouldn't need verification.

What kind of help do you need?   I like Binance a lot.  I did deposit and withdrawal, everthing works fine.  I like the trading platform too.  Yeah Level 1, one can withdram upto 2 btc.

Can others confirm here you could withdraw up to 1 btc without verification at binance?  Also what if you are withdrawing another coin?  I assume the total up to 1btc?  Because if thats the case, well lot of people wouldn't need verification.

You are allowed upto a total of 2 Btc.

 I use real name but I don't know any others what they do with their account.

binace is developing very strong. It is a strong contender with poloniex and bittrex. because it does not require you to verify. You can withdraw 1btc per day to 100btc. At this time the verification at bittrex is going hard and people are moving to binace. I believe in the near future binace will be the top 1 in terms of trade.

I think for higher withdrawal we have to do verification because right now many exchanges are doing same procedure and following verification process. Otherwise people are stealing other people accounts.

Is binance easy to use or not?  I used bittrex to do just a few tranactions and it was pretty easy to buy/sell.  But binance looks a bit more complicated.  Is it very simple to use?


Also can someone explain me the binance cost where it would only cost you 0.05 percent a trade as oppose to 0.10 percent?

binance is awesome. No verification documents are needed, many cryptocurrencies are supported and the fees are ok

Is it more simpler to use than bittrex when you buy/sell?  Because it looks a bit complicated.


Are fees lower on binance as oppose to bittrex?

Not to mention that it has now the largest volume of coins and also users beating rusty polo and bittrex. I like Binance more and I'm just waiting for them to list the coins that I can only have on btrex so I can finally transfer it.

Dont join binance, a lot of users have issues with this site , such as : dont receive SMS code, block account, missing deposit...

Is this for real? Almost everyone on top of this comment is positive with binance? I would like to also ask do Binance have a mobile site?

I wanted to try out binance with a little fund, as they stated, that they reopened registration. We can still read that on their site, but the registration is still/again paused Maybe I will try it the next months, but I think I will better stay on polo and topia.

Binance have stolen my Cardano deposit, 36 hours now.
Be very fucking careful sending funds to these motherfuckers they do not answer support tickets, they are automatically closed and marked as solved.
Just stay away is my advice for anyone considering this exchange.

Binance trading fee are ok.. but fees to Withdraw to high >>> up to $25
CND: Withdrawal Fee: 180
TRX: Withdrawal Fee: 100 ( $18 ...KRAZY,KRAZY,KRAZY)
QSP: Withdrawal Fee: 30
REQ: Withdrawal Fee: 15
BRD Withdrawal Fee: 4
ADX Withdrawal Fee: 2 (change to 3.7 ADX = $16 ...KRAZY,KRAZY,KRAZY)
ICX: Withdrawal Fee: 1
ETH: Withdrawal Fee: 0.01
WABI: Withdrawal Fee: 4
BTC: Withdrawal Fee: 0.001
OMG: Withdrawal Fee: 0.3 >> 8 USD (Bittrex ONLY 0.1 OMG)
SUB: Withdrawal Fee: 4 >> (change to 4.7 SUB = $16 )

Just Some Examples

When are they going to allow new registrations again?

use Kucoin. (Low Fees)

Binance fees to Withdraw to high >>> up to $25

Hey all.  What is the best 2FA to use with binance?  Seems like they allow to choose between google authenticator or sms only?  Are those the only options?  And if so, which is the better choice?

This is due to the overloaded system leading to congestion. You should join the binance. It is the leading exchange. The transaction costs are very cheap and withdrawal fees are also much cheaper than other exchanges

Each of you should make your own decisions, but I liked the idea, I switched it to Biterex.

First, the commission for the transaction is an order of magnitude lower than Bitrex.
Secondly, I liked the interface (this point is for an amateur).
Thirdly, you can pay a commission in BNB's token of token, or by token itself, whether by coins or by bitcoin.
The fourth it is very convenient when the price of a coin is indicated in both bitcoins and dollars
The fifth on a lot of different stocks (I have not participated in yet, but the guys say they come with different small gifts

Everyone will find their pros and cons in this exchange, and will decide whether to trade there or not, but you need to register an account there

I think Binance have stopped the new registrations(may be temporarily)because of there is high load in the servers and they are also sweeping the old,inactive accouts without any funds to make room in their servers.So if you want to trade then start it with Poloniex and the fee also very less when compared to Binance trading.

I've registered 2 day ago when i found a small window of open registration, enabled this morning the 2FA with SMS and this evening I don't receive SMS more (this morning was all ok) and I'm not able to log in into my account. Very very annoying.

Binance is currently accepting new users.  They're adding new coins like crazy and actually answer support tickets (unheard of in this space, apparently).  Quickly becoming the top global exchange.

So yeah i let my reference here, to the benefits of both parts and new users.

Register here:

https://www.binance.com/?ref=25523357 (https://www.binance.com/?ref=25523357)

I must say i like Binance attitude a lot. After solving technical issues they gave us 70% fee discount for two weeks.
Also as a victim in the case i liked the statement about freezing deposits from identified as connected with BitGrail hack attack addresses. YoBit hasn't found wrong to approve deposits of stolen from CoinCheck XEM's.
All this attitude combined with a lot of coins listed, nice and comfortable site either mobile app is making Binance top1 exchange for me at the moment. I'm sure many of 7 millions users will agree with me.

Binance is one of the best exchange sites in crypto currency, if you can see now almost all cryptos was in color green so it means that most of the cryptos are growing up. Other than that list of crypto in binance are the most popular coin in digital world so no need to worries if you invest. Moreover last week binance has make an enhancement to their systems, they make immediately action if they are experiencing problems.

I also used binance exchange and you are absolutely right, because this exchange sites is very popular to many traders due to good and high quality services. Also their coins included to list are nice because those coins are high percentage of price and possible to gain a lot of income if you choose to invest.

Binance and OkEx are the hottest exchanges now. And safer.

1-2BTC limit without verification to 100BTC daily with simple passport verification. If you are not Chinese, you will need a passport to pass the verification, not an ID card. But they don't want utility bills.

Big exchanger such as bittrex and Binance are using verification to identify that you are a real person not a bot to be specify and to raise your withdrawal limit. They are maintaining their reputation as the safest crypto exchanger.

Not many traders trade in this site since my friends are not actually trading in binance but I can conclude that they are the best site for now but they really need to market up so that many people could find them reliable ones. But what amaze me is their coin listing strategies and they doesn't add those shitcoins easily.

binance I really like. everything is very convenient and simple. in addition, it is a bit Russified. Another plus is that without passing verification, you can trade and withdraw as much as 2 bitcoins per day

Yes, there is the mobile app for Binance exchange, i think never find anything problem with Binance exchange. Most people are spreading negative news about Binance exchange and they are doing everything on time without any delays.

I think not real.
I use binance almost 6 motnth without any issue.

The current binance is the safest and cheapest exchange that I know of. It seems it is the largest exchange in the world just after launching a few months

Withdrawals on Binance is easy it's only when you want to withdraw more than two BTC that you'll need KYC

Withdrawals and deposits to binance exchange sites is too easy, but lately due to upgrading of systems of binance. Some withdrawals and deposits we're experience of delayed, maybe because it was the first time used the new system of binance. Now all transactions was back to normal so exchange now would be easy to used again.

well .
they come and growly fast
got high reputation , shares always stable (i mean bnb token )
and the best of it , they have very good support ,
quicky response.

Binance is a cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. Currently, it supports English and Chinese users. The Binance token (BNB) was created during the ICO event to fund the development of the Binance exchange.

I also trade with binance so far no any issue with them I also like their sms and google authentication to prevent hacking into my account, their trading interface is user friendly and easy to use.

there is no country that restricted to, but i m sure every can trade on it binance if best platform for exchange

Their achievements tarnished with hacking case yesterday.
This proves there are no safe exchangers to store our assets. I just do the transaction then go. do not store assets in any exchanger.

I don't find anything cheap with them because them while drawing they are charging the little bit high compared to Polonies and Bittrex, but when it comes to security they are powerful compared to Poloniex and Bittrex.

Binance sms verification seems have problem with some operators ?. ive tried 10 times but sms doesnt reach to my phone. i cant login   ???

Yes, CEO has great vision about the Binance future and very soon they are developing their own Blockchain and they name it as Binance chain. Already Binance exchange got a good reputation in the market and they are building a lot of trust in the market.

There was a binance DEX demo last friday. Recorded presentation video is up:

https://www.youtube.com/watch?v=7Z4FTO1rV8Y

binace is growing exceptionally solid. It is a solid contender with poloniex and bittrex. since it doesn't expect you to check. You can pull back 1btc every day to 100btc. As of now the confirmation at bittrex is going hard and individuals are moving to binace. I have confidence sooner rather than later binace will be the best 1 as far as exchange.

if for binance maybe all countries can use it, so market market sometimes need that data because to see in the part of country where the registrant. and maybe for the top 2 exchange it's very reasonable to compete because they want to show their quality so that it becomes the best

Binance is now more popular than Bittrex bcoz of its strategy in last 7-8 months .
Regarding KYC Verification , they do not need it but you have a limit of withdrawal in 24 hours . but in future bcoz of daily new regulation it may require your KYC documents so be prepared for it .
They have moved from HongKong or japan to Malta bcoz of new regulations and strictness by japan govt . Malta Government is crypto friendly and many projects moving their office to that country .

eagerly waiting for their DEX , today also one more exchange hacked of korea that is Coinrail , such incidents are now getting more common with centralized exchanges . DEX can be modified to be safest exchange .
one more benefit is it charge very less fee on withdrawal of any coin , while centralized exchanges charge upto x10 of the real cost of withdrawal .

Binance is the best so far. A good exchange for any coin that wants to increase their marketcap. I've been using it until now and still very convenient. It's just their maintenance that are not announced and they will just suprised you that they are currently doing it.

I like and use Binance regularly. Because it's really popular, the altcoin on it is very good, features easy to use and good interface. In addition, the transaction fee is cheap. more mobile application easy to use. I have only one problem with it is the cost of withdrawing too high

Binance should have become decentralized before anything else.
Soon Huobi may be a better choice.
The question is: will decentralization make Huobi immune to Chinese and any other potential sovereign legislation, persecution and dictates?

Binance has being one of top exchanges worldwide in a short span of time. In between their was a issue due to which for couple fo days the site was down as some of the btc was scammed but everything was taken care and they where back and now running as smooth as before. Only thing that the coin is limited on the exchange unlike the other exchanges.

Nice move from Binance to support EOS blockchain airdrops. All EOS holders will get IQ, DAC and EON tokens, though they will be available only for withdrawal, not for trading.

Personally, I think binance is the best choise for exchange now. It's very simple to use, and buy or sell orders is fast and simple. And the best of it , they have very good support, quicky response.

For me, Binance is really the best exchange for now, it has also mobile version and most of their coins are quality, they don't adding random coins on their exchange, they are first researching the quality of coins, thats what I love about Binance. I transferred all my coins from bittrex to Binance. Binance team is really active and smart. I know Binance is one of the major exchange right now.

Yes, but we don't see any importance about those coins because EOS has huge potential but the Airdrops we are getting won't be potential.
Previously we have seen many coins like this never get any importance and value to the Airdrops.

Binance is a very good exchange, it is safe, secure, fast and reliable. It has also mobile version and most of their coins are potential coin and they take their time before to do a deep research about a coin before putting it on their exchange list.

Yes Binance is similar to Bittrex and now even more popular than Bittrex . No need of documents ,
you can open account there without kyc but there will be a daily withdrawal limit .
Binance have moved to Malta so not to worry at all about restriction .
price difference is not that much on binance , withdrawal fee is still among highest fees charged by exchanges .

Binance is a very good exchange and has better potentials and features than the bittrex because it is faster in processing transactions, safe and more reliable.

and how much is the fee on the binance? I want to move there, because I do not see other normal exchanges. The same bittrex has already outlived itself.

0.1% trading fee and if you hold BNB in your wallet you can  decreased 50% trading fee.for full details check https://support.binance.com/hc/en-us/articles/115000583311
and here is the fee for withdraw https://www.binance.com/fees.html

Yes, they clearly mentioned about it, they won't list IQ, DAC and EON coin in Binance. But for listing in Binance those companies should satisfy the criteria of Binance listing requirements.

This is still a normal commission percentage. Happens and more. I probably buy their tokens, and go there to trade.

Yeah Binance needs id verification for higher volume traders but you can trade upto 2 BTC each 24 hours even without being id verified.
Instead of binamce, ypu can also use livecoin.net for ypur assets trade. They initially allow you to trade instantly after verifying email address

This is a very good suggestion about he potentials and quality of binance, it is also safe, secure and has a very good transaction fee. They also take time to do a very good research about a coin before the add it on their exchange.

They are provably safe regarding on alt selection but let us be more educated on the market flaws since eventhough how huge is the potential of your hodl coin still it has huge possibilities to get dump just like what happen today market crisis dictates on the movement and many investors turns out to be confuse for this situation and this one could confuse you also.

Binance is a perfect exchange. Very easy to set up account. Deposit and withdrawals almost instantaneous. One the biggest exchanges -it virtually has all the coins on the market.

Nexo (https://nexo.io) now accepts Binance Coin (BNB) as collateral for instant loans in addition to BTC, ETH & NEXO, a great utility feature for BNB, as holders can stake their coins & get an instant loan in USD, EUR & Tether. Min loan is $1,000 and max is $2M - https://medium.com/nexo/nexo-to-accept-binance-coin-bnb-as-collateral-for-instant-crypto-backed-loans-74bb2fe1cfba

I have account on the binance, i think you should KYC because, this is need for your account.

Binance is a good exchange. Well, there are some attacks here and there.
https://hackernoon.com/a-thorough-investigation-of-the-binance-hack-dc588cd0c2f5

Binance needs to verify identity to be able to execute the transaction

All exchanges need hot wallets to ensure their customers can make regular deposits and withdrawals. But when selecting who you choose to trust with your cryptocurrency, ask yourself: “Do they really need to put that much money at risk?!”

Binance has more than one big fat hot wallet just waiting for someone to sneak along and grab those sweet private keys. Let’s check out some of the other ones.

Here check what I'm talking about.

Address: 0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be
Balance as of 8/9/18: $312,081,504.74

https://faa.st/portfolio/address/0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be

https://medium.com/faast/which-crypto-exchange-is-putting-your-funds-most-at-risk-517ca3c45ef2

Binance and bnb are doing very well. Now decentralized demo is released and moving rapidly to become the best exchange in the future

binace is one of the most powerful and secure trading platforms i have ever traded. it is very easy to use. in front of the bittrex floor is quite big but now the binance floor is more popular

Not really, you can verify your ID (KYC) only when you want to withdraw more than 2 btc each day.


I also have an account on binance but i didn't do KYC until now since i don't need to do that.

Ahh. So that is why I am labeled unverified on Binance even if I submitted verification docs before? Did they changed some of their rules? I think I am allowed 50 BTC daily before. I am unverified but I got 2 BTC limits daily which isn't bad. KYC is different from verification levels?

As far as i remember ethere are 2 steps or levels of KYC on binance that can give you out bigger limits on each level.Dont know on whats the requirement but as level rise up then it do require even more documentation.
If they changed your limit wayback before they might really have some re-verification. 2 BTC isnt bad though as an unverified user thats why i do love this exchange.

2 btc is also enough for me. I'm just an average trader and making 1 btc takes me a year to make if I'm lucky. Binance is the best exchange out there and the only thing missing is the market movement. If the next bullrun is going to be greater next year then I would not mind doing KYC to cash out more than 2 btc.

^ yeah right.

2 BTC is a huge money and I think it's enough to have a limit of 2 BTC or even 1 BTC because not all are trading each day. Only the people who do loans and have a business in crypto must do KYC because they need a lot of transactions each day if they have a hundreds of traders/costumers.

Also KYC in the internet is very risky so I think it's better to secure the exchange first before sending personal infromations but if it's binance or kucoin, I think it's a good thing to do.

Binance is a good exchange and solving problems fast, you do not have to do KYC and I think the limit is enough for customers who do not have verification

I hope Binance is very good to exchange for me to trade, most of the cases they will list very prominent coin which has huge potential in the market. Soon they will become one of the most promising coin in the market and soon they are releasing their own blockchain which helps them to find some other good potential project under their blockchain.

I would like to ask is there any info on whether Binance will reward its clients BCHSV coins in case that BCH splits into two or three separate blockchains.. All I found is that they will "support" the fork in November.. But support could also mean just remaining on the dominant chain.
p.s. it would be nice if they added support for DOGE also :P

Binance (https://coincodex.com/exchange/binance/) is building Binance Chain that will be used to transfer multiple blockchain tokens and will be the basis of the Binance DEX:

https://coincodex.com/article/2815/what-could-binance-chain-mean-for-crypto-and-blockchain-space/

I believe in binnace, one of the best exchanges I've ever seen.
they continue to develop their technology and implement various updates for the convenience of users.
I am happy to trade there.

those who do KYC are investors who transact with large volumes every day in my opinion, but it is true that you say bro, doing KYC on the internet is very risky if other people hack it will be used incorrectly.

I had problems with Bittrex, after which I stopped using their services. They blocked my account for a long time, without explaining the reason. Binance is really much better, but I’m not sure that I’ll have such problems with them. I began to use the services of exchangers lately, for example, Coinswitch and Changenow, and the latter seemed to be more convenient, although this is solely my opinion.

BNB off lately has risen like anything and binance exchange in last couple of years have really captured the market well. Also due to its less trading fees, easy user interface and many coins getting listed is making it more attractive for users to trade on this exchange. Also, I see that during the bear market it has a good volumes on trades.

Binance is like the exchange equivalent of bitcoin right now. They  assess coins that wants to get listed there very carefully. And the volume is so healthy around there and I bet that 80% of big time traders are there.

Yes, they mentioned it long time ago, that they are going to release the Binance Dex very soon. After launch of this  binance DEX, they will start the ICO's on this Binance chain.

binance exchange solution without having to verify data for a maximum Bitcoin withdrawal of 2 btc.
if you make exchanges and withdrawals with large numbers exceeding 2 btc you must verify the data,
for the problem of binance withdrawal fees, it is cheaper with other exchanges and is good enough to make purchases and sales between exchanges for traders.

on changenow you can make exchanges near 10 btc equivalent without verification

Binance exchange has created some reputation in the market and Binance has changed the way in the crypto currency revolution. Through this exchange many companies start adopting the block chain, soon they are going to release their DEX platform in order to grasp many good good projects.

Binance Chain Faster than Ethereum
https://bitcointalk.org/index.php?topic=5109801.msg49734147#msg49734147

Changenow is now becoming shady .  will you want to risk your 2btc or more just because they dont ask for a kyc ?  Nevermind  .

Id rather complete the kyc verification on binance but to others that dont like kyc's  .  you dont have a choice but trade only with moderate amounts of cryptos  .


Wut is that ? Is that some kind of a coin or it its a branch/chain of binance exchange ?  Wait let me check those link that you have provided