Binance... is this place a scam?

[rasho321]

I have had no problems personally but I think everything that has been happening in the past week has been pretty concerning and they are making no effort to communicate with their English base. Like this new coin they are adding, ELT. A one sentence description and a 100 billion coins in circulation, wow sign me up, especially after watching every other Chinese coin you added this week drop 50% in value without any signs of recovery or volume. They should at least have someone bother to attempt a translation of the white paper, or give us some sort of information as the current value on other exchanges and market cap. Same goes for the ICO's, like I said there is no information on these things and it seems that Binance only handles a portion of the volume of them. I do not have enough faith that these Chinese coins we have no information on are not dealing the same coins at a lower price through their own ICO on a Chinese website. There is no transparency at all to these things in an already highly manipulated market and at first I thought Binance itself was trustworthy enough due to all the influence and money behind it but these forces could have gathered together to run these type or cons together since there really isn't any regulations saying they can't.

[shirackjs]

I do not have any problem with Binance and quite happy with this exchange. Have you contact support for your problem?

[aurorabitcoin.96]

Thanks for your suggestions all, i almost scare Binance will be scam or something wrong happened with them. Now, i can do my job again

[tkwyoung]

Anyone tried to withdraw from Binance?

I heard so many withdraw problems from Poloenix

[jlaakso]

Anyone tried to withdraw from Binance?

I heard so many withdraw problems from Poloenix

Deposited and withdrawn several different coins, small and medium amounts. Never had a problem.

[cryptowhiz]

I don't think so
Coz I have been using it for the past 3 months without any issue
except for  the bots

[Teraboy]

Anyone tried to withdraw from Binance?

I heard so many withdraw problems from Poloenix

I've tried it yesterday and all went smoothly. the binance takes the decision to increase the fees to make the users feel convenience. Rather than polo and how a lot of the poloniex's volume goes to the binance exchange, because a lot of polo users having problems with polo team.

[AgatioX]

Binance is OK exchanger.One of the best out there and they are growing and getting better.
I think there is nothing to worry about

[waynechong1995]

Cryptocurrency exchange would always experience some sort of technical issues even with operational hours, it's unlikely for them to shut down the network so the main problem would always lie on withdraw issues, i personally had been using Binance since its launch and i experienced some of your problems too, but i have no choice but just wait and they would usually resolve in fairly short amount of hours because i believe lots of people are same like you to complain through their support team.

[josephinerosdy]

don't worry Binance is not scam. Binance is good exchange after bittrex and poloniex and I don't have any problem when use binance. if you have problem you can contact their support is professional and responsive

[jlaakso]

Binance is very good exchange. I have reported few cases to their support and response has been lightning fast. They are constantly improving the UI, added stop-loss orders and made several small improvements.

If you want to test drive the worst, try Kraken. Or actually don't. Would not recommend to my worst enemies, if I had any. They don't even respond to support requests and you're not able to navigate to withdrawal page 19 out of 20 tries. I tried two weeks to withdraw my last coins from there, finally succeeded yesterday. Transferred them to Binance for trading.

[JesusCryptos]

I guess I would have to join binance if I want to get some iota too, so it is fine to get as many reviess as possible of this exchange.

[BaeNaNa]

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.

Binance is not scam, infact they are a great new exchange with nice interface and high volume. It's not binance fault that ethereum network is congested some days ago, almost everyone have the same problem. I've never have problem so far in binance, everything about it is good for me.

[RodneyKings]

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.

Don't panic. As far as I know delays are normal on exchangers like Binance. I haven't use Binance yet but when I deposited my BTC on Bittrex, it took a few hours before my funds appeared on the platform. Just be patient.

[AdamBuys]

Binance stole money from me.

Please refund me for the transaction. I have saved a full audit trail and as you can see:

The Trade:

01-09 06:06:26            LSK/ETH        Limit   Buy     0.02500000     0.025000         59.94000000   100.00000000             1.49850000     --          Partial Fill

Was reflected as:

BNB    7.77983282     7.77983282     0.00000000     0.00987027

Please investigate and confirm the information refund me.

Kind Regards,

Riaan.

They do not bother to respond. I do get a auto response:

Please access Binance help center， and search related documents:
https://support.binance.com

Binance Team

Above constitutes theft of +- 90% of my money, and they do not bother to respond on my request.

[Zero1One0]

Binance is one of the best exchanges that I have used so far. I've never had any issues transferring to wallets there or sending funds to my own wallet.
Best to open a support ticket and follow-up the incident.

[Latrix]

traffic issues. no worries. Binance is reliable.

[DaveWave]

Network congestion like what sometimes happen on Ethereum and Neo is not an exchanges problem. So far I didn't hear any of my friends complaining about Binance. I am waiting to for my verification so I can start depositing some bitcoins to trade. Binance is now the number 1 exchange in the world so hop in guys. 

[awazieik]

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.

Binance has been having issues with their network and recently have even restricted new members. Lets hope they are able to get their acts together and fix the issue

[fabianji]

These are network issues and have nothing to do with the exchange. It is not just iota but also ada and a few others at the moment