Bitcoin Forum

Im considering using Binance to trade altcoins.. but im still skeptical and being cautious..

With that being said, im interested in anything anyone has to share about there personal experiences with Binance.

Any and all information is helpful!! thanks

Pretty happy about it. I haven't read any negative comments about them here. If you purchase their own currency (BNB) the transaction fees are lower as well. They have a nice android app and nice UX overall.

I quit trading using binance a long time ago because though the tx fees are too high that time and the GUI is not a newbie friendly,i am using bittrex right now will see the difference between the two.

Switched from bittrex to binance a while back, and I'm happy I never have to use bittrex again  ;D

It worked fine for me. It just takes a while to withdraw, they kind of have to approve so it may show as pending for a while.

I have not experience Binance, because I have not been in Binance so I do not understand about it yet.

I heard alot recently about this platform, Binance.

Not just here in the forum but also in some of social media crypto related group. They also tagged it as "best exchange" ? Hmm. Out of curiousity, I would like to try their service and will give some feedback/s here in the future about my experience. Still on research mode and majority of my findings says that this platform is really good. Let's see then.

I have been using Binance for about two weeks now, and I love it for the most part. What I like the mos is the phone application as I can do trades on the move, as I am always on the move. However, what I do not like about Binance is the fact that for example you buy ten coin for certain price, then whenever you want to sell them you cannot sell 10 anymore as it will deduct some out of that ten. This does not apply to all the coins, but I have tested dozens of them and now I have half-coins, quarters that I cannot sell unless I buy something from that coin then somehow round the coins. If you have any other questions feel free to PM me. Peace

How exactly is Binance better? I've heard good things about Bittrex, so I'm not sure why Binance is such a big improvement.

Binance is earning alot of popularity now a days and I think it will soon become 3nd largest exchange after bittrex and bitfinex in upcoming future. But only prob which I have heard about this exchange is that its transaction fees is quite high as compare to other exchanges. I personally use HITBTC and bittrex so I can really provide my experience with it

I haven't used that exchange though I would use caution when trading on a new website that is asking for deposits.

It very good.. even it give u a great benifit about refferrer! And discount 50% trading fees when u setup pay by bnb coin

Binance has been on a tear recently. Though questions about them listing coins without permission and requiring coins to pay a hefty fee when they are the ones asking to be listed are kind of iffy. They have been aggressive with listing hyped ICOs and potential high volume coins. Def a solid exchange though.

What can I say? One of the leading and developing exchanges. Well, if you consider security, then from Bittrex money was stolen.

in the process of changing from bittrex ... looks real good and now with the stop loss its real good !

Oh, BTW my experience with Binance has been progresively worse due to the ridiculous withdrawal fees. You pay such a penalty for working with then that I would only do it if I have no other option frankly.

(Withdrawel) fees are OK imho. I came from Kraken, so I'm just happy the website is accessible. Still have to get used to Binance UI though..

Now I use the Bitrex exchange. I'm completely satisfied, I do not understand why others do not like Bitrex?

I've heard good things so far, and was glad that I could sign up and start trading (with a small balance) without needing any verification first.

The referral system is something that makes me skeptical of most reviews (since people are getting paid to promote the site). Nonetheless, it seems like a promising exchange from my experience so far. I still have most of my funds on other more established sites for now.

Best exchange for me. Fast and cool. Also decrease on trading commission by using BNB. I love it))

Absolutely phenomenal, I use it to trade the currencies it has, because it has a mobile app and I need that very much.

I am new in cryptoworld and using this exchange for some time its going very good for me because all is working very good for me until now many coins and markets available which are best option until now hopefully they will do some more good in future with many competitions for members

I'm using it for a while and I highly recommend it. Binance along with another Chinese exchange Kucoin has chaged the trading experience in crypto world.
ViaBTC too launched a new exchange by the name of CoinEx that too seems promising.

Binance is a very user friendly exchange! You can see the list of coin for trading at a glance and the user interface is very simple to use! i also like the fact that their support do not waste time in attending to your enquiries unlike Bittrex!

I recently started using Binance, and I really like the interface. It is fluid and easy to use, making trading easy. Also, their volume for coins is very high, which is a plus. There are many altcoins listed on it too.

Binance has been tested by many users, and has good reviews. It also has one of the best applications and UX. I made my choice a long time ago! I like it. And also bittrex.

Love binance.  Highly recommended.

I am not trading with Binance coins. I am investor first of all. I have bought a stack of Binance coins and don’t regret about this. At last time Binance gave me 30% of profit. So this currency is worth to believe.

For me now it is number one!No problems was detected.

Binance is quite a nice place with a very good user friendly application you can use to trade on the go.

Binance is quite a promising exchange. Now the truth there are some problems in terms of the speed of the site itself. But they have now closed the registration of new users and I hope that they will correct this situation in the near future.

when I first trade in binance I was surprised because binance is a big market that I've encountered every second there is a trading.

I have only 4 months experience and there is no negative from Binance. I used it and feel comfortable. Binance and Bitrex are also same category. Trading, deposit and withdraw are instant. So i think is is a very good exchanger.

For a first time user, it has very friendly UI. I haven't tried buying binance coin but planning to buy next time I got funds since they are saying that the fees are lower. I was able to invest my btc to altcoins in just a matter of seconds, didn't have any problems at all.

A very serious exchange that has a lot of assets and constantly adds new ones! This is very cool because it becomes very popular :) and there are bonuses for using the coins of this exchange!

The site is quite new so they have plenty of low fee time to lure in new users. Sorry, I'm not gonna risk a bit of fee to let my wallet in danger.

I also work on this exchange not very long ago and I have excellent impressions about this exchanger. The only thing I did not like was that hundredths of coins always remain on the account

They just increased the USDT withdraw fee to 50$ right?
And how about OKEx?

I like this exchange since the trading volume is big, and the service is very nice, the APP is also very convenient for trading any time. I almost trade every my coins there.

Binance is young but a good exchange, huge volume . I trade here from half a month ago , it always works fine for me .
You have 2 BTC withdrawl limitation in every 24 hours without authentication , I think  that's enough for common traders. If you make a authentication, you can make it up to 100BTC , and more.  

Well, i certainly have been using binance for quite some time now,. Amd i have got to say that i am pretty much satisfied and hapoy with their services.they really are truet worthy. Never did i have any problems with any transaction i made using their services. Except for thise problems that happen naturally with ethereum and bitcoin. But other than that, nothing. So i really suggest that you use binance for trading since you can really be sure that you are safe there. At keast safer than etherdelta.

I think binance is very good many people use binance for transaction purpose and get good price I think binance has a good price even though it decreased but the selling price is still high.

Binance is a really good exchange platform, I've never had any problem with it and I find the site pretty intuitive.

I am a binance user in the last few months and during that time I have never had a problem. I feel comfortable using binance.

Binance is the best choice for beginners and pros. I never had problem before and I trust them. In my opinion they are the best.

Document verification system is a very complex on this service. It is not always clear why there is no way to accept any photo. And usually there written "All the photos are too vague, please reupload" although this is not so. There were many similar cases.

Well for me so far so good for binance. At first I find it confusing but once youve got used to it youll find it useful and profitable. Also try to use bittrex or polinex like binance it is also easy to use and convenient. Im giving you tools like tradingview.com I think that could help you from trade and also helps you a lot for picking the right time for buying alt coins and which alt coin is hot on the market now. Good luck!