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Author Topic: Concerning Binance.. I'm impressed!  (Read 53 times)
Plumberman
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December 30, 2017, 02:21:29 AM
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Seeing as I'm completely new to this and started a few weeks ago. And seeing how every single exchange has been crashing due to popular demand, it never really hit me till now. But l I have to say, Binance is rockin and rollin!

Where there are some exchanges that have just come right out and told you don't bother, we are not even accepting new members cuz we can't keep up (Bittrex and Kraken) and others that state huge delays (Bitstamp and Coinbase)  I am actually MORE than amazed that I was able to log right on, make several transactions that only took a couple minutes, and the whole thing went down PERFECT!

This is a sign that this particular company has their crap together, previously predicted a huge surge in business and was already well prepared with their servers and such to where it was "Business as usual"  

So considering the unstable state and platform of almost every exchange out there right now, I'd say that is VERY COMMENDABLE!!!

The only con I can see is it would make it so much easier if they just showed the USD rate for everything that was purchased and sold instead of constantly having to do these bitcoin conversion to figure it out.  May not be that much work for one, but when youve got 50 transactions and 1/2 dozen different coins it gets to be a major pain in the butt!
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December 30, 2017, 06:58:33 AM
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Binance is definitely doing great right now. Also with Binance having .1% trading fees[1] compared to Bittrex's .25% trading fees[2] is still quite significant for daytraders. Remember though, who's to say Binance will be shitty in the future? Bittrex also started out really really well, almost like how Binance is doing now, and Bittrex just simply slowly but surely became quite bad. Hoping the same won't happen to Binance.

[1] https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance
[2] https://bittrex.com/fees

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