Is Binance the Best Exchange for Crypto trading?

[klaaas]

for now binance is still in the top position as the best and most popular exchange for many things such as investment, trading and more. deserve to be in binance to get a profit

They got the biggest volumes and are popular for the amount of altcoins and services but its reputation depends to much on CZ.

[FanEagle]

I think binance is best exchange for altcoin trading, there are better ones for local reasons to exchange between crypto to fiat for
example, binance doesn't have fiat globally, I think they managed to open one up in Singapore and that allows you to have it on some European countries as well as Singapore itself but its not global.

So, if you want Swiss franc (or whatever their currency was) then binance is not your best bet, you need to find a local vendor for it, or if you are in USA then binance in general is not the best for you.

However, if you want to trade between eth-bnb then yeah sure they are definitely best, you want to go btc-ltc ?
Sure they are clear bests at that. So, why you need an exchange does change the answer a bit, not everyone uses exchanges the same way.

[ice18]

Nice review indeed, I just want to ask why you rated Binance on Beginner Friendliness category 3 star only? If Im not mistaken its the user interface right? For me in my opinion beginners can easily use Binance platform a bit easy compared to other exchanges with too many unnecessary annoying buttons and color combinations btw regarding to your question, its a yes for me Binance is definitely the best exchange I know and I will recommend to other traders, speed, security, liquidity, support, this are only some of the features I like on Binance.

[glennmatthew]

I think that Binance is without a leader in exchange platforms. Strong security, high liquidity, fast support and a lot of trading pairs. What more do you want?

I recommend you try to use it with the 3 commas software, you can really set up some good trades with it.

[malevolent]

Of course, not. I can name 3-5 exchanges that have the same service and UI similar to Binance. It's like Binance is the Apple of exchanges, get it? It has the charisma and image of a business that has become the word of the mouth of traders. I even read some comments of people praising that exchange saying that it's the 'x10' exchange.

Would these 3-5 exchanges have comparable liquidity, number of shitcoins to gamble with, and a track record of being trustworthy? Almost every other exchange has a worse reputation/more problems than Binance.

[javainn]

binance is still one of the kings in exchange for cryptocurrency. now there is no binance that can shift, binance is still a beautiful place for beginner or professional traders. there is a lot of increase in sales and purchases with a large volume and that's the advantage of binary compared to other exchanges.

[kopijos]

maybe there are still other than the binance exchange that have the potential to be used as one of the best choices for trading. but for now it is still binary with volume and the best prices that have not been beaten and traders run there.

[dark08]

maybe there are still other than the binance exchange that have the potential to be used as one of the best choices for trading. but for now it is still binary with volume and the best prices that have not been beaten and traders run there.

Yes there some exchange site bettee than binance but at this moment people are choosing this exchange site because its secured, easy to use and CZ always improved their platform thats a reason its been popular in cryproworld.

[rodel caling]

I telling the truth I'll never use binamce to my trading job because from the I use poloniex and bittrex, but sorry to say even binance is the most sophisticated and popular exchange, stay the two old exchange I use in trading can't change it because I convinient to use it among other exchange.

[LogitechMouse]

I don't want to say it is the best but rather "One of the best" exchanges in crypto trading.

For me, this is one of the best exchanges but the coins that are listed here is limited. There are other coins that are listed on Binance but not on other exchanges and vice versa so I suggest you need to have an account on 3-4 exchanges so that if you need to buy a coin, you can just buy it in any exchange. You can do arbitrage trading too if you are a professional trader.

[miningguru]

maybe there are still other than the binance exchange that have the potential to be used as one of the best choices for trading. but for now it is still binary with volume and the best prices that have not been beaten and traders run there.

Yes there some exchange site bettee than binance but at this moment people are choosing this exchange site because its secured, easy to use and CZ always improved their platform thats a reason its been popular in cryproworld.

Every one is convinced to do trading in Binance because they find it more secured compared to other exchanges. Of course, there are many other good exchanges, but improvement and developments will help the exchange to get more reputable in the market.

[joromz1226]

Hi Everyone!

We wrote up a review for Binance to try to answer the question "Is Binance the best exchange for crypto trading?" We would love to get your feedback and hear which exchange you would like us to review next!

https://blog.shrimpy.io/blog/binance-review

Thanks,
Shrimpy Team

I had no doubt that Binance is one of the top and best exchange so far in the market.
But I'm not using it, I don't know why? though, I really knew it was a good exchange and they have a huge
traders out there who used their platform. Just all what I know and enjoyed using it now was Kucoin, Houbi, Coinbene
and Okex.

[Stedsm]

Great move played by OP as it looks like either a PR or the OP is himself too much impressed by Binance. No doubt Binance is "one of its kind" of an exchange but not the best one as I believe that whatever has its wings limited to centralization cannot be considered best. Okay, I can consider Binance to be the best among all the "Centralized exchanges".

But here I'd like to ask you to please review DEXes rather than going for centralized ones (as whatever you mentioned in OP shows you've only reviewed CEXes). I want to know which exchange you will consider to be the best DEX (Decentralized Exchange) among the list of a very few DEXes while listing all the features we cannot find anywhere else (except that DEX).

[logicgate]

for now binance is still in the top position as the best and most popular exchange for many things such as investment, trading and more. deserve to be in binance to get a profit

  There are more than 300 cryptocurrency exchanges in the crypto space but the best among them are very few and this is only because of the provision of best service. Bittrex is a good exchange with so many people trading on the exchange. Binance is yet another exchange that is worth using and people love to have their accounts on Binance for good return. It will be the future crypto monopoly.

[rhodelmabanal]

Per experience I had with binance 2 years ago, it was smooth transactions and good trading with profits was my experience with them. For me, thumbs up binance is the best exchange for crypto trading. Hopefully their services will remain constant same to those promising trading sites who had been doing crypto tradings. I heard situations like cryptopia, they went into troubles of hacked funds and now they're facing circumstances against it.

[Oceat]

Well, i don't have a problem using Binance for trading so, i can say that it is one of the best platforms for trading.
Lots of exchanges out there who's on top, it's just up to us on where we are comfortable of trading regardless of lacking the complete list of coins.
But i'm not afraid to use the other exchanges as long as it does meet my requirement for trading.

[peter0425]

Binance was been one of the best so far. Because the exchange has gained a lot of trust from it's customers. Competition will be there, but it seems Binance really know how to up the tempo and raise the bar very high. I think they will remain on top for many years and it's very difficult to topple them right out of the number one spot.

[Shenzou]

I can say with total confidence that Binance is the best crypto exchange on the market, not only it has some of the lowest fees not only they have good support and have a bunch of coins listed on it, but they are transparent and trustworthy and honest about their trading volume and usually always quick with their support tickets, i mean they had a hack happen to them where they lost some bitcoin and they were honest about it and that has reflected on their coin where not only it risen up but it is doing better than some of the other altcoins,

[BitTraderCute]

We wrote up a review for Binance to try to answer the question "Is Binance the best exchange for crypto trading?" We would love to get your feedback and hear which exchange you would like us to review next!

Binance was one of the best exchanges for crypto trading until we heard about the hack, any exchanges who does not have the ability to take care of their security cannot be termed as the best exchange, we all know the drama that unfolded during that time, i have not heard any user complaining that their funds were compromised but with the past history when it comes to exchange hacks in this market we have to be cautious trading in it for a while.

Then we don't have the best exchange yet, only good and better exchanges! Because most of the high volume exchanges have the hacking story except few. in CMC rank, almost 85% of exchanges have the fake trading volume, there are very few exchanges that have real volume and Binance is one of them. In Binance, user's funds are safe, because of binance will protect user's fund from their safu! To me, Binance is the still best exchange.

that's good points mate, binance appropriate to called as best exchanges now crypto market.they have special fund to back their exchanges if something wrong happen.not like another exchanges that will directly collapse after hacked, binance didn't.and now traders confidence to trade their fund there.and also binance trading volume didn't manipulated, its real volume.that 's why many investors shouting to their dev team to listing in here.

[lyks15]

We cannot deny the fact that binance exchange site is being popular to the cryptoworld its being used by so many trader even me Im using this platform but personally not only binance exchange site is the best to trade. This is depend on the user if they want to use binance or other exchange site platform.