Binance is back

[allohha]

binance is my favorite exchange regarding the centralized exchanges because it allows to make transactions within certain limits without kyc and i like its interface, it lacks only the part fiat for the rest is truly complete

The fact is that today the majority of truly decent and reputable trading platforms may not require the provision of personal data from users, if the daily withdrawal amounts do not exceed a certain amount. Of course, every other exchange has its own number.

[reflector]

I propose you never keep every one of your assets in the crypto trading sites since it's not protected since no one can really tell what may occur later on. Likewise, in the event that somebody programmers Binance, I don't assume they will have enough assets to cover the misfortunes since this trade is additionally an ICO venture. I generally send my store to exchange for not exactly a week and pull back it at the earliest opportunity.

[daly896]

They were unavailable just for certain hours, you know. As for me it is not that much and it isn't worth writing a post here, it was just usual maintenance

[bitcoinm3ster]

I propose you never keep every one of your assets in the crypto trading sites since it's not protected since no one can really tell what may occur later on. Likewise, in the event that somebody programmers Binance, I don't assume they will have enough assets to cover the misfortunes since this trade is additionally an ICO venture. I generally send my store to exchange for not exactly a week and pull back it at the earliest opportunity.

Every storage methods all have seperate disadvantages even including cold storage wallet. If you doing transactions everyday, you have to use centralize exchanges such as Binance and I see Binance do very well in customer care

[rdewilde]

binance is my favorite exchange regarding the centralized exchanges because it allows to make transactions within certain limits without kyc and i like its interface, it lacks only the part fiat for the rest is truly complete

The fact is that today the majority of truly decent and reputable trading platforms may not require the provision of personal data from users, if the daily withdrawal amounts do not exceed a certain amount. Of course, every other exchange has its own number.

For the 10 biggest exchanges today, I find that they never ask us KYC if we trade below 2 BTC per day. That is the convenience and great for these great exchanges. And all the remaining exchanges, they always ask us KYC when we just created an account

[Caladonian]

binance is my favorite exchange regarding the centralized exchanges because it allows to make transactions within certain limits without kyc and i like its interface, it lacks only the part fiat for the rest is truly complete

The fact is that today the majority of truly decent and reputable trading platforms may not require the provision of personal data from users, if the daily withdrawal amounts do not exceed a certain amount. Of course, every other exchange has its own number.

For the 10 biggest exchanges today, I find that they never ask us KYC if we trade below 2 BTC per day. That is the convenience and great for these great exchanges. And all the remaining exchanges, they always ask us KYC when we just created an account

That's the advantage with a well known exchange like binance, giving us opportunities to use their platform without providing private information
if we won't exceed the daily withdrawal limits, this feature still attracting more traders and investors to keep using the platform and enjoy the
services.

[debby070]

Now we can access the binance website and they made a tweet about the come back.

Edit: The site still facing problems isn't able to login yet.

Edit2: Logged in, glad to see my balances intact.

What happened to binance before? I haven't know the reason why even though, I always use the binance application for android in my daily trading. I should have read news about it.

[Christinebeauty]

It is a very good news and relieve to hear that the exchange is back. Most of these crypto antagonists are waiting for such negative news like "one of the biggest crypto exchange sites has been hacked", so that they spread and scare people away from crypto

[lumira555]

Now we can access the binance website and they made a tweet about the come back.

Edit: The site still facing problems isn't able to login yet.

Edit2: Logged in, glad to see my balances intact.

binance one of the best exchanges sure that safety at a height, it seems someone decided to spoil the image of the exchange

[H1N1]

Sometimes exchanges need the time to do some maintenance in their system.
The bigger exchange, the bigger cost they will need to maintenance the securities there.
Binance is a success exchange, it won't take much time. But what concern me is the cryptopia exchange, it still cannot be accessed.

[Zalaster]

I propose you never keep every one of your assets in the crypto trading sites since it's not protected since no one can really tell what may occur later on. Likewise, in the event that somebody programmers Binance, I don't assume they will have enough assets to cover the misfortunes since this trade is additionally an ICO venture. I generally send my store to exchange for not exactly a week and pull back it at the earliest opportunity.

This is true, and I stopped storing funds in my accounts after Bittrex blocked me without any reason. Now I use services without registration, for example, ChangeNOW, and this is completely fine for me. Of course, Binance has an excellent reputation, but it does not guarantee your safety. They were unavailable for about an hour, and we do not know what happened. I tried to find information about this, but they just said that now everything is OK. I hope there was nothing serious.

[VAGR]

I propose you never keep every one of your assets in the crypto trading sites since it's not protected since no one can really tell what may occur later on. Likewise, in the event that somebody programmers Binance, I don't assume they will have enough assets to cover the misfortunes since this trade is additionally an ICO venture. I generally send my store to exchange for not exactly a week and pull back it at the earliest opportunity.

This is true, and I stopped storing funds in my accounts after Bittrex blocked me without any reason. Now I use services without registration, for example, ChangeNOW, and this is completely fine for me. Of course, Binance has an excellent reputation, but it does not guarantee your safety. They were unavailable for about an hour, and we do not know what happened. I tried to find information about this, but they just said that now everything is OK. I hope there was nothing serious.

If you are not a trader, do not keep funds on the exchange. It is not always safe! The exchanges can hack, bankrupt, close ...Put on deposit, changed, withdraw funds!

[passwordnow]

If you are not a trader, do not keep funds on the exchange. It is not always safe! The exchanges can hack, bankrupt, close ...Put on deposit, changed, withdraw funds!

Yes, although Binance is popular, well known and one of the best exchange out there. Don't ever trust them with your funds, don't ever store large amount of funds on Binance and any other exchange. Get a cold storage (hardware wallet) to be specific because it's more secure than any other exchange that you have been trusting. This is applicable also to traders, they can transfer funds that they will trade but for the remaining funds they have, they should store it somewhere secured like what I mentioned.

[A L I E N]

I am sure that Binance is most perspective exchange platform for many users. Especially this platform is useful for beginners. Using Binance they can acquaint with many altcoins and choose which ones they like and will use.

[elitemobb]

I think this is normal. Given the scale of the exchange and the number of users, such problems with the functioning of the platform are acceptable, but I was surprised that the project team quickly solved this problem, which shows that the platform is good.

[shoreno]

Sometimes exchanges need the time to do some maintenance in their system.
The bigger exchange, the bigger cost they will need to maintenance the securities there.
Binance is a success exchange, it won't take much time. But what concern me is the cryptopia exchange, it still cannot be accessed.

Binance is also a big exchange which means it also cost alot of time in order to fix their platform  . cryptopia on the other hand is hacked . thats the reason why they cant be accesible .


 

If you are not a trader, do not keep funds on the exchange. It is not always safe! The exchanges can hack, bankrupt, close .

What about the traders ? Do you mean traders are the only one that can continue to put their funds on any exchange ?  Why ? Because they are actively trading ? Traders are actually the one that can be a possible victim of hacking because they are the ones that oftently deposit coins on the exchange while non trader users can be hack rarely  .

[slaman29]

Sometimes exchanges need the time to do some maintenance in their system.
The bigger exchange, the bigger cost they will need to maintenance the securities there.
Binance is a success exchange, it won't take much time. But what concern me is the cryptopia exchange, it still cannot be accessed.

Binance is also a big exchange which means it also cost alot of time in order to fix their platform  . cryptopia on the other hand is hacked . thats the reason why they cant be accesible .


 

If you are not a trader, do not keep funds on the exchange. It is not always safe! The exchanges can hack, bankrupt, close .

What about the traders ? Do you mean traders are the only one that can continue to put their funds on any exchange ?  Why ? Because they are actively trading ? Traders are actually the one that can be a possible victim of hacking because they are the ones that oftently deposit coins on the exchange while non trader users can be hack rarely  .

Actually, small or big, maintenance can take a long time and regular maintenance usually means shorter times during downtime. The longer you delay, the longer it takes. Cryptopia's case is also a bit different, it was not necessarily hacked, that it the story, but they took their server offline to fix it.

And yes, traders who need the funds to trade are the only ones who should keep money on exchanges. IF you aren't using your funds, they should be sitting on your own wallet. No excuses.

[mandor]

I propose you never keep every one of your assets in the crypto trading sites since it's not protected since no one can really tell what may occur later on. Likewise, in the event that somebody programmers Binance, I don't assume they will have enough assets to cover the misfortunes since this trade is additionally an ICO venture. I generally send my store to exchange for not exactly a week and pull back it at the earliest opportunity.

This is true, and I stopped storing funds in my accounts after Bittrex blocked me without any reason. Now I use services without registration, for example, ChangeNOW, and this is completely fine for me. Of course, Binance has an excellent reputation, but it does not guarantee your safety. They were unavailable for about an hour, and we do not know what happened. I tried to find information about this, but they just said that now everything is OK. I hope there was nothing serious.

If you are not a trader, do not keep funds on the exchange. It is not always safe! The exchanges can hack, bankrupt, close ...Put on deposit, changed, withdraw funds!

it depends on the decision and most of the traders a lot save funds on the exchange, Binance is one place for depositing funds or tokens that are still believed until at this time because this exchange is still in the position number one on the Volume Rankings (Exchange). yeah of course if you are not a trader then don't try to save funds on the exchange if you don't want to accept the risk or loses.