Binance... is this place a scam?

[OCDawgsExB]

A little nervous. Last night I bought 600 shares of IOTA which went up significantly today. I logged back in to move them off the Binance exchange and it is telling me that my withdraws are suspended due to "network congestion." I also have a small balance of ETH that has the same message.

They might be having some issues. I'm using binance for months without any issues other than occasional suspension of withdraw or deposit or both. Though I haven't logged in for a few days, I would vouch for the exchange to be one of the most professional one. (Other exchanges have way more issues)

I agree with him.
This one is way better than other exchanges.
If you see how much money they are holding for tokens and coins then you will somehow think how much it is trusted.
This could just be another update or some maintenance. You should try it again in some time.

Yes me too also I will vouch for Binance. For me my funds/coins are always safe on binance it a very big exchange and they will not scam people who are using their exchange just for a little money. Maybe there are problem with their network but I think they would dealt with it already. Patience is the key.

[stanstan]

I think there are problems with each and every exchange. Just some people got unlucky and got scr*d. And when it happens to you, it all becomes a big scam. So you can only hope that such mistakes won't happen to you, but unfortunately they happen to somebody - I repeat, with EVERY exchange. This is not amazon or ebay. Sh*t happens with these shady business...

[cannycassiopeia]

Binance is a good exchange and is the number one exchange as of the moment. If there's something wrong during your transaction you can double check it at once.

[canman]

This is the largest exchange in the world. There may be some issues related to networking. I think you are now resolved. It's not a scam like you said

[vasrasus]

This is the largest exchange in the world. There may be some issues related to networking. I think you are now resolved. It's not a scam like you said

There's no proper basis on this allegation yet, been using binance for quite long and already did an upgrade through verification, i don't have any issues experienced yet in binance and I hope there is none to happen in the near future.

[kiemnhieutien]

Can you show your proof to criminate Binance scam?
sure that you can't.
Binance is one of 5 biggest exchange now. They don't need your little coins. The profit they make every day is bigger that what you make in a year

[Dxlike]

No, they're definitely not. Although they have some questionable practices like only allowing to trade full coins, so you are left with parts of them unable to trade them, but they are not scammy.

[Crasengover]

Binance is the number one exchange now and it's a very big statment to call it scam. I've been trading there for several months and didn't face any difficulties at all. And as I know their support works much better than on other trading platforms.

[veraoktav127]

maybe it happens because of the number of transactions and hopes to get better again, because I started wanting to use binance based on recommendations from my more senior friends

[bhobafett]

Binance is not a scam. Many members are trading on that exchange and it is the number exchange at this time. Maybe what happened to you is just an unexpected issues. I like Binance exchange anyway.

[cryptocommoner]

Binance is definitely not a scam.  I have never had any problems with them.  If you check other exchanges listing the same coins, they will likely also have the withdraw/deposit suspensions at the same time.

[yluna88]

All my transactions on Binance are okay so far. But I'm still waiting for the distribution of 2 forked coins in December.

[pasagir]

Binance - good exchange! It's definitely not a scam! Simply now, their servers are under heavy load. Even on the interface of trading it can be seen.

[Matrond]

No, I can confirm that Binance isn't a scam. I have used it for over a month and apart from some issues due to network congestion, Binance has been quite smooth and has performed far better than other exchanges that I have tried. Their withdrawal fees are painfully high but the lower trading fees if you hold BNB sort of evens it out.

[sweetbet]

Binance is an excellent exchange that I highly recommend.

[judeafante]

Binance is an excellent exchange that I highly recommend.

I totally agree it's only a matter of time before we see this exchange becoming the number or number 2 in terms of volumes and membership I read people are having a problem with Mercatox and Hitbtc, better transfer all your popular coins here.

[onrise]

No, they're definitely not. Although they have some questionable practices like only allowing to trade full coins, so you are left with parts of them unable to trade them, but they are not scammy.

So far it has being a genuine case and things went smoothly as they have mentioned so far. Infact after the binance had stopped the registration for some days was the actual masterstroke as after they opened again they had huge registration happening and people have started t o use this a primary exchange now it seem.

[cryptocommoner]

Binance is an excellent exchange that I highly recommend.

I totally agree it's only a matter of time before we see this exchange becoming the number or number 2 in terms of volumes and membership I read people are having a problem with Mercatox and Hitbtc, better transfer all your popular coins here.

Mercatox is simply the worst.  They have so many people's coins held hostage while they 'perform maintenance' and HitBTC is just well, you know...

[mel0man781112]

Binance is an excellent exchange that I highly recommend.

I totally agree it's only a matter of time before we see this exchange becoming the number or number 2 in terms of volumes and membership I read people are having a problem with Mercatox and Hitbtc, better transfer all your popular coins here.

Mercatox is simply the worst.  They have so many people's coins held hostage while they 'perform maintenance' and HitBTC is just well, you know...

I never have a touch with Mercatox, but what I like in HitBTC, that there is no limit for withdrawal, or it is just too high, so I didn't reach it. But I have had a problem with it, 1 time, when I tried to withdraw not small amount of Stratis, so better to be careful with that exchange. And in Binance the cool thing, that you have withdrawal limits of 3btc(maybe I'm wrong).

[cryptocommoner]

Binance is an excellent exchange that I highly recommend.

I totally agree it's only a matter of time before we see this exchange becoming the number or number 2 in terms of volumes and membership I read people are having a problem with Mercatox and Hitbtc, better transfer all your popular coins here.

Mercatox is simply the worst.  They have so many people's coins held hostage while they 'perform maintenance' and HitBTC is just well, you know...

I never have a touch with Mercatox, but what I like in HitBTC, that there is no limit for withdrawal, or it is just too high, so I didn't reach it. But I have had a problem with it, 1 time, when I tried to withdraw not small amount of Stratis, so better to be careful with that exchange. And in Binance the cool thing, that you have withdrawal limits of 3btc(maybe I'm wrong).

Yes and that is even without becoming verified.  If you are verified, you can withdraw 100 BTC at a time.  You will have to contact them in order to be allowed to take out more than that, but I'm nowhere close to getting to even 100 BTC.  I wish