Bitcoin Forum

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 Binance is not old yet but with the help of its innovative decisions it drives itself towards the top place in cryptocurrency exchange.

https://blog.amon.tech/how-binance-became-worlds-largest-crypto-exchange/

with all the fake traffic and volume I'm not sure anyone can say who is the largest exchange for REAL investors

bittrex blew their chance with reducing features and closing trades and not even showing your trade history on each coin page accept for the last week or 2

at least they are one of the most genuine DEX out there.

I think because binance has already alot of influence to traders and investors and it is already famous because it is one of the safest exchange out there.

I think this depends on Binance's trading experience and services. Its trading volume is very large. The transaction is fast. It has a very good service in deposit and withdraw.

In my opinion, it is the best cryptocurrency exchange out there now. It is very easy to use and user-friendly. Fees are also very low compared to others. Over the past one year or so it has received a lot of positive feedback.

I really love exchanging my crypto tokens in binance because of the speed and volume it has, what it takes them to achieve this wonderful feat is a lesson to learn from, it's a great achievement that could not be forgotten in a hurry. Thanks

They developed themselves. They also knew the problems faced by the members because they were in the market, they solved them.

As a new exchange they have seen worse with other exchange.
What they did is focus with those weaknesses of them and use it as their strength.
Conclusion is they are hyped all of a sudden.

They did great too with advertising themselves and also making a hype all around social media.

I know that, Binance is a cryptocurrency exchange with a concentrate on the Chinese marketplace and other Chinese cash. Presently, it helps English and Chinese users. The Binance small (BNB) was made during the ICO event to account the advancement of the Binance exchange.
Even with the love that this exchange gets from the community also, I’m staying aside until it’s a little bit even more founded and its protection techniques have been tested to be effective. If you’re willing to move the dice, the myriad of coins and low trading costs found on Binance are unmatched, and you might find that it’s worthy of the risk to use the exchange.

That's also worthy for binance if we look back during the hacking incidents happen and for how many months that  binance are going to recover then ICO and investors are really have trust and confidants so they are using and patronizing this exchange .

I like this exchange site because it's user friendly and it has the best service. But there was a thing that makes me disappointed with it because it has used the trading bot. i have seen there was a lot of spam orders.
There are some things that need to be verified.

There system is good and many country is adopting this exchange.
They are great in volume and demands from the people.
The volume and users are the best thing to have in any exchange.
This how Binance got the attention of the world.

binance has a very good exchange system but it does not mean that binance will be the biggest exchange seeing that there are already many exchanges that exist first and have greater potential than binance

I think everyone has a heyday, so does the market, the market also has a heyday, maybe at that time Yobit and Poloniex were at the top level of cryptocurrency. but we can see in the exchange system, why do people want to trade in Binance, which has its own bargaining value, which is clear in Binance the price of buying and selling is the same, while the cost is very cheap. in creating an account is also not complicated

No doubt Binance has an impressive story to tell, it is really nice to see a platform making it to the top in no time, i think it is mainly due to innovation, quality service and out of the box thinking, especially i like how they are localizing and easing the deposits by offering deposit in local fiat currency.

Binance is the top reputed trading exchange so most of the investors are trust this exchange. They have huge volume of cryptocurrencies so transaction fees and market value is good to buy this this platform. I think this is one of the best trading exchanges in this year so your absorption is totally wrong in crypto investment. If you know better than binance you could mention the advantages of that exchanges and you must mention name of exchange.

Thanks for the article. I like Binance, I think it's one of the best if not the best centralized exchange out there. But like a lot of people interested in crypto I too desire more decentralized exchanges like IDEX and such. I think they have more advantages over centralized ones. Probably in the future, we will see DEXs taking over CEXs.

They are developing it already.

Binance Introduces Binance Chain (DEX) (https://blockonomi.com/binance-dex-bnb-price/)
How Binance Decentralized Crypto Exchange Beta Launch in 2019 Will Impact the Market (https://www.ccn.com/how-binance-decentralized-crypto-exchange-beta-launch-in-2019-will-impact-the-market/)
Binance Decentralized Exchange (DEX) Demo Version Releases of New Trading Platform (https://bitcoinexchangeguide.com/binance-decentralized-exchange-dex-demo-version-releases-of-new-trading-platform/)

Binance is one of the best centralized exchanges in the crypto world at the moment. They took most of Bittrex users and took significant portion of their market share. I like them the interface, the fees structure and they keep evolving. Here's hoping they upgrade their platform with trailing stop loss and take profit and stop loss features in one trade.

They became so popular and big because of innovative approach through BNB tokens, which gave a super discount for trading and more...

I remember very well how and when it became the first cryptocurrency exchange on the market. it was just then it was possible to register only on finance as all the stock exchanges stopped registration

Probably having the "affiliate" part helped a lot. I have checked almost everywhere and for the first months of its existence everyone was sharing their affiliate links constantly everywhere around the web. Which basically shifted the marketing responsibility from binance itself to the users, even a new user that came as someone else affiliate checked and see he can make a decent living out of finding a couple big whales tried to tell everyone about binance.

I have personally found couple people that still makes me money during this market and I was making hundreds of dollars from commission monthly during the peak times. I was selling a bot at those times and I told people I would give them a 10% discount (which I was already giving) if they became my affiliates on binance for the bot. While the bot was buying and selling constantly I was making an insane amount from the commissions. That is why affiliate network is incredibly important in any type of business.

I think that it's all about marketing and advertising that the development team is very well calculated ! A lot of bonuses and I remember what a turnover it was possible to obtain a Lamborghini !

Binance success story is overwhelming.
i don't know how they suceed to do it, but now it is the best exchange, for real!

he gained more trust from the veteran cryptocurrency community as well as those who were still developing, then newcomers began to be doctrined by the community, that binance was the best exchange,
the main highlight is, reputation and convenience
I have never had a problem in withdrawing coins from binance, and I also do not need to verify other than the ID Card and Driving License to be sent to qualify

The Binance exchange is well aware of some shortcomings in the market. And they closed all the shortcomings. It was very clever to create his own stock token. Thus both their own tokens gained value and people in the stock market used it as a fee. Thus, both the stock market and the user was won.

Indeed community trust makes Binance more authoritative and very good at giving more value, this is certainly able to attract holders to contribute more in it. Steps that benefit this exchange.

when I started to use Binance after Poloniex and Bittrex I mentioned that it is faster, it has more exchange pairs.

One thing that i know about binance is they put new tokens in their site, that is why they have big volume trading activity in a short time. But for me Poloniex still best exchange and this is only personal opinion.

It's not an uncommon practice done by some of exchangers though. Other exchanges usually have created their own token that will benefits the user if they hold it.
The same thing goes for KCS. However there's also many more exchanges that did the same exact thing but just didn't get enough attention because their small user base.

Yeah, Binance did 2 things right. They launched just before the bull run was hitting its peak, and gave everyone a share of their tokens as the referral bonus, which meant that everybody was promoting during the crypto hype. Then, they also prioritized the fact that even unverified users could use it with large limits - crypto is about privacy and people don't like sharing their details if they can help it. Binance moved location and jurisdiction, the best move for them in the current situation.

Binance is one of the best and large exchange right now. They have a good team and have done great work in developing Binance platform. I also use Binance to trade altcoin.

I prefer binance as a trading place than other exchanges other than bittrex, of course. besides that I have never experienced a problem losing altcoins or hacking.
so I recommend binance

It is true that Binance has a fake traffic and fake volume? I heard about fake volumes on exchanges caused by trading bots, but I thought that this is the problem of small exchanges.

Binance is now well known in the cryptocurrency industry. There are also many people who recognize it. I don't know if the service is in place. Whether the work attitude is in line with our requirements, but when trading on the exchange, we must ensure the security of the funds, do not put money on the exchange.

I am not interested in reading a post about Binance. I am interested in Amon progress, I was an ICO investor and now I am loosing about 90%, is that normal? Where is your progress? Some news?

At the moment, Binance is one of the most convenient exchanges. Almost all tokens are traded on it. It has small commissions, and this exchange isn’t inferior in security levels to the others one. But the world is moving on, so it is possible that we will soon see even more interesting exchanges.

I love exchange Binance very much. Thanks to the author for the interesting article. Binance by the way do not stop there. They are now working on a new exchange

Binance became worlds largest exchange because they have an amazing team and amazing website and system. I used also trex polo bitfinex etc in 2017 but maybe you can remember these websites was looking very bad and their graphics etc was really bad. After i saw binances website and their pro trading mode and client. I realised that that is the best exchange and surely with the bullrun they became the first. But they deserved that completely. I have huge respect to CZ.

I'm not surprised the founder has been active for a long time in the world of well business since joining the OKcoin founder more and more opportunities,the founder also has a lot of mature relationships and innovations that have several plans to advance crypto so that people trust the exchange.

BNB is one of the reasons why Binance became the world's largest cryptocurrency exchange. They found a good use case for their coin. They are lucky due to December 2017 Bull run. They became famous at that time.

Many people will counter this, but it's a fact. Binance deserves it, been following them from day one. Initially I was a hardcore Bittrex fan, but some regulations twisted things up. Difficulty in passing KYC, You can't withdraw without KYC and stuff. I loved their Stop loss function until Binance embedded that, and I was like wow Binance means business. Their app is great, and they always update. Using BNB for trading fees of which they were among the first to initiate the feature, aided too.  Initially you get 50% discount on trading fees for holding BNB, they slashed to 25% with time. In essence, what I'm trying to say is this, Binance didn't get to its current position by chance or luck, CzBinance and his team really worked hard. I'm not saying Binance has the best functions out there, some features like margin trading, troll box etc are absent but at least they are above 70% upright in my own opinion.

The people developed a strong trust with this exchange, due to their fast and secured transactions. I myself had a great exchange with their end and didn't encounter any problems in terms of trading safety, so that makes sense at all. All of those innovative ideas the came up had been gathered a lot of good feedbacks from all traders, which litterally result to good outcome.

I think is not only because BNB but also because the services and trading features they have offered are very good and different from the others even some exchanges began to imitate some of the trading features and ecosystems of their tokens

Binance became world largest cryptocurrency exchange because the developers of the exchange took time to study the lapses of all the centralized exchange before binance and they were able to improve on those lapses.

It is very strange how it happened so quickly, and this is a very interesting topic to study, in my opinion, just a very high-quality project at the right time was in the right place, with sufficient investment in advertising.

I think Binance (https://coincodex.com/exchange/binance/) is the best exchange out there (at least crypto to crypto). They have very good UX, works fast and the volume is good. I really like what they did with the Binance Coin (https://coincodex.com/crypto/binance-coin/).

IMO, I think binance become the best exchange at the moment because its high trading volume and seem like almost new cryptocurrency which gonna be listed on Binance always have very good future then it make Binance become a hot exchange like a hot trend for all new cryptocurrency.

There are many reasons for the success of Binance as mentioned by guys
Such as low fees, speed of service, etc. But
In general, the success of any project depends on the minds behind it
Binance team are considered to be pioneers in the field of exchanges
that is why their  exchange platform  with this success.

Nice points,  also think the referral bonus attracted people to start using Binance couple with the upgrade of the exchange with different innovations.

I don't agree with Binance as the biggest crypto exchange. A fake financial volume was constituted thanks to bot using and various campaigns. But its market is open to innovation and trying to improve itself in front of the rivals. Thus, it is well ahead.

If that is not the fake link, it is very great to see the analysis. However, can we really determine that Binance is the largest one? I know that Binance offers the big volume and coins with the promising prices. This exchange also presents the good traffic. However, I don't know if it is considered as the largest one or not.

I see Binance's CEO very serious in managing his exchange. As I know, they do coin listings according to what they think is good. They reject the coin listing at a certain cost, this is the reason why now Binance is able to become one of the biggest exchanges of quality.

Major exchanges such as Bittrex and Bitfineks had stopped new memberships for a while. Binance has used this opportunity very well. It should also be noted that they are very successful in customer relations.

Yes, I think also Binance is the biggest exchange in the world of cryptocurrency. Additionally, some people may believe that the price in that market is higher. We can find out the big volume of trading in theBinance. More important is that every investor wants that the tokens or coins from project can be listed in the Binance, This is every trusted exchange.

Yes it is and the support they have in almost every language add value to the exchange.

I think binance become largest cryptocurrency exchanger because their platform very user friendly. My first trad at december 2017 and i am impress with their platform because i am newbie can understand well their platform.

For me, BINANCE is the most trusted and secure crypto-exchange with large market capitalization 155,620 BTC and i advise all people to buy BNB tokens, it have a good future, last year i bought 100 BNB for 100$. Now i look that 100 BNB = 984 $  ;D ;D
I like BINANCE because has a very good exchange system.  :-* :-*

For me I think Binance is the best, look at the help support they have

I think that the most important thing that Binance did was act for the purposes of the community, he also has a great opportunity to withdraw funds without any verification, at least 2 BTC, but this is great for beginners.

Binance always listens to the community and they do the best for the community, that is why Binance is now the largest exchange. Everyone can easily use binance without KYC and transaction fees are much cheaper than other exchanges

I do not know if Binance's volume is fake or not but i know it is the most user friendly exchange. The operation and innovation of Binance is high level. I think that Binance's biggest plus is that it allows to withdrawal 2btc per day without KYC.

Well, Binance tried a lot and be at the top for the fact that they are consistent base on my opinion. Binance had been doing very cool and it's a great achievement for the TEAM. Though, almost all exchanges seems to be manipulating everywhere and there base on fake orders.

Are you sure about this statement buddy? I don't really believe this which means, I would need to make some of my findings to confirm how real and genuine is this information. Thanks

It might because they have a secured centralized exchange and also using their BNB token to lessen the trading fees.

And also their exchange is easy to use and can be switch to basic and experienced trader layout.

The first exchange offered a 50% commission fee reduction when using their native token, attracting more trader on the one hand, and increasing the value of their token on the other. And part of them has enough money to create large trading volumes. That's why they succeed so far.

We can't shy away from the truth that binance is one of the good exchange out there with an an easy-to-use interface and good volume but that doesn’t not mean that Binance is the biggest exchange in terms of daily volume, I think HUOBI and OKEX has more bigger volume.

Binance is one of my favorite exchanges because it`s favorable trading fees, simple trading interface and  very supportive customer service.
Binance  supports lot of cryptocurrencies and there is high liquidity there. The security is on high level and when they had a hack
attack they refunded the funds. It is an innovative exchange and they will have a decentralized version as well.

No need to be an old exchange to become the best exchange. LOL. Binance become one out of the best crypto exchange at this time because of the team behind this exchagne is very great, they made very good plan to develop this exchange and the result is what all of us can see now, Binance is the best exchange :).