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Author Topic: Why we trust binance exchange?  (Read 2367 times)
BlacksmithCorporation
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May 05, 2020, 03:00:15 PM
 #41

I agree with 2 and 3, with 1 I disagree because Binance is not the best security exchange, proof that it was hacked and stolen tens of millions of dollars of bitcoin. Also I like Binance because it's cheap and has lots of trading features.

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May 05, 2020, 03:07:15 PM
 #42

Another reasons is because they have history on chosen project with a lot of prospect and which is not likely to be a scam project. Even though this is very hard thing to do for many exchange, I've not seen any project that binance promoted and end up being a scam. Also they have one of the lowest fee and their bnb token is one of the strongest crypto even though it is an utility token
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May 05, 2020, 03:15:32 PM
 #43

- Altcoin listed on binance is the best altcoin available at the moment.
- WD's cost is very low compared to other popular exchanges.
- always have an event that can attract traders like lucky draw, even though I personally never win
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May 05, 2020, 03:20:55 PM
 #44

I judge from the side of big business, binance build community and exchange well and neatly so that now binance can be a big exchange. Binance will continue to survive because it has become a big business, so it will be ridiculous if their team scam like other bullshit exchange.
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May 05, 2020, 03:51:19 PM
 #45

Why binance called world largest BTC exchange?
1: the highest security is available in binance compared to the other crypto exchange?
2: Generate high volume in the altcoin?
3: best ieo launcher? Compared to the other exchange?


    What is your opinion? Drop your experiences & Opinion?

Most of the coins in listed to this platform can give us a good profit depending on us of how are we gonna
do it in the actual trade using Binance of course. It was proven and tested to me as well for so many times
like in Atom, Ethereum and more gave a lot in terms of crypto profit.
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May 05, 2020, 05:37:31 PM
 #46

When I start my journey in 2018. I started it with binance. I was not aware of many things. What I understand that time was binance is very easy to use, the community is very big and it has a good support team. After a bit maturity I understand that the coins binance supported is normally the big ones in the whole market. And somehow they have available volume in most of the project. Then I used a lots of exchangeany of them like huobi or kucoin is good. And if at this moment if you ask me to pick one maybe I will pick a dex. But still if I have to chose a centralised exchange I would always prefer binance.

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May 05, 2020, 05:39:41 PM
 #47

I believe the whole crypto market is getting monopolised and after purchasing coinmarkecap Binance has revealed their plans. There is just no good alternative that is so massive to compete with Binance and pretty soon there will be even less good exchanges Sad
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May 05, 2020, 05:44:36 PM
 #48

Why binance called world largest BTC exchange?
1: the highest security is available in binance compared to the other crypto exchange?
2: Generate high volume in the altcoin?
3: best ieo launcher? Compared to the other exchange?


    What is your opinion? Drop your experiences & Opinion?
None of it in this list in my opinion. I do trust for security reasons but main security is funds. Even after last hack, Binance exchange refund all money which means they took all responsibility of your funds. Although others good exchange will take this if those exchange has ability to bear it. Without KYC you can use this exchange by only your mail address.
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May 05, 2020, 05:54:41 PM
 #49

Binance is one of the largest exchanger in the crypto world. They are trusted from long time. Traders no any hagitade to trade Big among here. Binance again and again proved they are trusted. Security of this exchange are very strong, and managementand it team also strong. So that Binance is very trusted with us.               

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May 05, 2020, 06:13:20 PM
 #50

I guess because they have built trust to the crypto community, they have good volume not just bots and liquidity. In terms of security they are good but there is no perfect, some hackers will always find a way to penetrate. But binance has Secure Asset Fund for Users (SAFU) for extreme cases which is really good you don't have to worry to much in case of hacked. Best IEO laucher?  Yes, they are no doubt about it, all projects after IEO are above IEO prices and their verification on projects is high, they select only genuine projects.
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May 05, 2020, 06:46:31 PM
 #51

I am more confident in the trust of users and the crypto community who already believe in binance as the best list place. added by the active team in the media, and many other supporting factors that make binance exchanges more desirable to list coins
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May 05, 2020, 07:01:06 PM
 #52

1. There is perfect system so the security that Binance has can still have it flaw but as long as they maintain it, that's how they will be loved by the people with the service and customer support they bring.
2. Individually? or the exchange profit? if individually, this depends how you trade.
3. They probably are but looks like they are quiet for now.

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May 05, 2020, 07:10:04 PM
 #53

Yes all three of your points are correct and i also weigh my confidence vote in the binance platform due to the fact that they have the community trust which can be confirmed by largest active userbase as well as the biggest daily trading value plus binance is moving towards a one stop crypto solutions type of platform which attracts most of the people including me.

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May 05, 2020, 07:11:09 PM
 #54

Why binance called world largest BTC exchange?
1: the highest security is available in binance compared to the other crypto exchange?
2: Generate high volume in the altcoin?
3: best ieo launcher? Compared to the other exchange?


    What is your opinion? Drop your experiences & Opinion?

Don't forget also a very standard customer service, even in their telegram group chat they have different binance angel to assist you with your problem, and also it has a  very easy and good looking user interface, there are lots of trading and investment options too, and every day they keep improving,  binance have really shown that they are capable exchange, the bnb is also a successful coin with so much potential to grow even bigger.
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May 05, 2020, 07:26:00 PM
 #55

trust it is OK, but the level of trust that you must plant in Binance must not exceed 100%, you know how the exchange platform works, anything can be out of our control, we pray the best for Binance and users of course
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May 05, 2020, 07:36:33 PM
 #56

Why binance called world largest BTC exchange?
1: the highest security is available in binance compared to the other crypto exchange?
2: Generate high volume in the altcoin?
3: best ieo launcher? Compared to the other exchange?
  What is your opinion? Drop your experiences & Opinion?

Because they spend more on promotion. But spends differently on promotions that not everyone sees. When people talk more about an exchange or something around, everyone is more attracted to it. Crypto Twitter promotes most of the of time binance those who are big influencers. This has quickly become popular binance. There is no such thing as high security, binance has been hacked. Everyone has seen the IEO game, lots of traders have lost their funds. Binance is involved in a lot of dirty works. So you can trade in binance if you want, because decision depend on you.   

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May 05, 2020, 07:43:25 PM
 #57

Why binance called world largest BTC exchange?
1: the highest security is available in binance compared to the other crypto exchange?
2: Generate high volume in the altcoin?
3: best ieo launcher? Compared to the other exchange?


    What is your opinion? Drop your experiences & Opinion?

There quite a number of platform trying when it comes to the services being provided by Binance. However, i know one thing for sure, Binance offers the best of all the services on theor platform. The volume and liquidity is mind blowing, the trading features are something to write home about and the security, although they've been hack in the past but they have SAFU found which means users are safe

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May 05, 2020, 07:51:01 PM
 #58

I always trust binance exchangers because binance is the biggest crypto exchanger, binance has Lots enthusiasts, high volume, good security, fast network and cheap fees, natural for binance to be the number 1 crypto exchanger

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May 05, 2020, 07:52:56 PM
 #59

I trust Binance when it comes to transaction and security and also liquidity but the rate at which pump and dump happens there is really alarming. I could vividly remember some projects that dumped but yet to go back to its previous state though I do understand market in general is down.

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May 05, 2020, 08:06:39 PM
 #60

Why binance called world largest BTC exchange?
1: the highest security is available in binance compared to the other crypto exchange?
2: Generate high volume in the altcoin?
3: best ieo launcher? Compared to the other exchange?


    What is your opinion? Drop your experiences & Opinion?
My opinion has always been the same since long ago, and all crypto exchanges will surely experience hacking because the way they get profit is by pretending to be hacked and not returning the lost money, oops.
Before Binance does this, I urge all of you to be vigilant and cautious, always keep cold assets on the exchange.
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