Did anyone open their BINANCE account in June 2017?

[davidredman]

Hi,

Just wondering did anyone open an account with Binance in June 2017?

Was their much volume on Binance immediately when opened? Has the interface and performance of the exchange changed much since June 2017? Were the changes an improvement?

[1715641029]

1715641029

[shulio]

When they first opened in 2017 their volumes are far below Bittrex and Poloniex. After some changes and referral system introduction, they started to gain volume from other exchanges.

[johanesrobin]

I hear binnace limiting new members. I currently do not know update information from binnace.
I do not understand why traders are so comfortable with binnace with some hacker cases.

[poli_btc]

Yes, I registered with Binance around this time and remember that at the beginning of its path the stock exchange faced many problems. Now Binance is the best crypto exchange, which has introduced a lot of innovations since its inception.

[Slow death]

Hi,

Just wondering did anyone open an account with Binance in June 2017?

Was their much volume on Binance immediately when opened? Has the interface and performance of the exchange changed much since June 2017? Were the changes an improvement?

I did not open account in 2017, but I already saw binance last year and I do not see many radical changes like the radical changes made by bittrex. binance is very well as it is, in my opinion is an excellent exchange, we know that it is the owner and the exchange operate according to the laws of malta if the memory does not fail me. What else do you want? poloniex and bittrex are unreliable, take a lot of time to answer the support tickets, then binance is the best option

Now Binance is the best crypto exchange, which has introduced a lot of innovations since its inception.

I agree

I do not understand why traders are so comfortable with binnace with some hacker cases.

How many cases of scam accusation have been opened against binance? this is the answer to your question

[mk4]

Trading volume was pretty low(not that low, but low compared to the trading volume it has right now). Binance mid last year was like the underdog of exchanges, and then boom. I didn't even notice that it was already one of the exchanges with the highest trading volume some time on Q4 last year.

[Blackmoon84]

When they first opened in 2017 their volumes are far below Bittrex and Poloniex. After some changes and referral system introduction, they started to gain volume from other exchanges.
I did not open account in 2017, but I already saw binance last year and I do not see many radical changes like the radical changes made by bittrex.we know that it is the owner and the exchange operate according to the laws of malta if the memory does not fail me.

[reingard]

The interface was pretty much the same. The volume was obviously lower since it was a new exchange and Poloniex was a big thing (now it's almost dead). There was some improvements like the dust exchange to BNB and more coins.

[davidredman]

Thanks for the replies guys. For those who were using it back then. What date exactly did you join? Was there a lot of market making happening by the exchange in the first few days?

[shimbark123]

What will happen or what we need to expect if we did that? None I think? But binance was once not a good exchange until when the volume did go up. Well, I just registered on binance when it was a well known exchange for volumes. You know, I'm just following the volume .

[geminiboy]

if we want to see a development or decline of an exchange then that must be done to see from the history of the exchange itself, from time to time clearly visible to the understand

[Furious 7]

binance being the most popular exchanger today, with huge trading volume. even bittrex has been rivaled. I forget the last time to open it.
no significant change, but traders more comfortable there.

[davidredman]

I just want to understand how it operated in the first few days to a week. This is why I am hoping to find some first accounts here.

[Adebits]

I opened my Binance account in July 2017, though the exchange has faced many challenges but they have come out to be the best. But I don't think they will hold that position for long because their many projects now working to bring more innovations to the industry

[Frances_McGlothlin]

I hear binnace limiting new members. I currently do not know update information from binnace.
I do not understand why traders are so comfortable with binnace with some hacker cases.

I thought those hacks weren't true? Just issues with a coin itself? I can't remember the details but it seemed to be a false alarm.

I've had a binance account for nearly a year now but don't use it much because of a lack of time. I'd say that things are growing on there but I can't tell you for sure. But I did hear a rumor that their volumes are somewhat faked... don't know how true that is myself because I didn't spend the time to do the research.

But volume isn't the only concern. More important is the region and regulation and security that comes as a result.

[Thirdspace]

I do not understand why traders are so comfortable with binnace with some hacker cases.

I think because binance doesn't force people to get verified and most crypto enthusiasts hate KYC
unverified account can still withdraw up to 2 BTC/day, that's enough for most (small) traders
I believe it wasn't hacker issues, but users clicked, opened and logged on phishing sites

I thought those hacks weren't true? Just issues with a coin itself? I can't remember the details but it seemed to be a false alarm.
---snip---
But I did hear a rumor that their volumes are somewhat faked... don't know how true that is myself because I didn't spend the time to do the research.

I've heard about that fake volume too, it could be their way to entice more users to join and trade
as long as people can trade and deposit/withdraw their cryptos safely, people will keep using binance

[mostkey]

Binance did not think many people were expecting a tremendous change because the first time in the open there was nothing too exciting and like the exchange in general, it turns out everyone did not expect anything in the not-too-distant future for me to have a break and a present, now with the biggest and best volume for now, at that time I did not play much for Binance with a little volume as time went by I started to follow the flow to get into Binance after being the best, it was good enough for me for saving some coins in my favor.

[Frances_McGlothlin]

I do not understand why traders are so comfortable with binnace with some hacker cases.

I think because binance doesn't force people to get verified and most crypto enthusiasts hate KYC
unverified account can still withdraw up to 2 BTC/day, that's enough for most (small) traders
I believe it wasn't hacker issues, but users clicked, opened and logged on phishing sites

I thought those hacks weren't true? Just issues with a coin itself? I can't remember the details but it seemed to be a false alarm.
---snip---
But I did hear a rumor that their volumes are somewhat faked... don't know how true that is myself because I didn't spend the time to do the research.

I've heard about that fake volume too, it could be their way to entice more users to join and trade
as long as people can trade and deposit/withdraw their cryptos safely, people will keep using binance

Yeah, it all comes down to getting your money back. If they fake volumes it doesn't affect much, perhaps a bit of slippage here and there, but it's mostly for enticing people as you said. The quality of a trading platform depends on the readiness in which they are willing to serve the retailers, and Binance seems to do just that. When there are week long delays on withdrawals and huge discrepencies in orders, spreads, slippage, etc. then that's when we start having problems.

And yes, Binance is reasonable in terms of flexibility of transactions without verification. They charge slightly more on BTC transactions than other platforms but that's not a big deal.

[enawati]

I created account in Binance on october 2017 and in that times Binance already become top 10 exchange by trading volume. Binance is fastest exchange to be biggest exchange, i think this is because they consist of profesional team and the CEO also has good marketing strategy and offer better product than others.