Why we trust binance exchange?

[bgaf]

All questions are answerable by yes with a bit of maybe on the first one regarding security. As you all knew, Binance has been hacked not only once and this part makes me terrified knowing the number 1 exchange can still be breached. Of course no one is highly invulnerable to such attack but what I do like about them is the assurance that users will be affected on the said hackeds will be compensated as their CEO is very concern to his users. This is a true genuine leader which even with problem you can count on him. Im not saying their perfect but the result is observed and many people really like them a lot.

[Aaroenz0r]

Hacks are an inevitable reality for centralized exchanges, One of the best feature of binance is the fact that funds on the exchange are insured. Users have their funds replaced when hacks happen,that is not to suggest that they should have crappy security or that users should leave large funds on the exchange

That would be interesting to note but i doubt that they will refund all the users once their exchange is hack.

Binance is one of the exchange that i trust and i assumed that their security is good because nothing has happened to my funds in them though not big but still worth a cry  . When i first entered into this cryprosphere, Cryptopia and Binance were the exchange where i am trading but unfortunately Cryptopia collapsed/scam exit, i hope that i won't happen to Binance.

That can still happen to Binance. You should know that Binance is only run by CZ and does not have anyone contributing to him. meaning the company is solely owned by him and its equity is his. So the scam will become a lot easier, anything can happen in this crypto market. Cryptopia was also a big exchange before and made a lot of money but still scam. So, be careful and never put all your money into an exchange. divide it evenly.

[Crypto_lion]

Generally because the volume is very high and they have multiple security mechanism like storing bulk of amount in cold storage , having instance policy by storing a portion of their brokerage in case of theft etc.

[posi]

Binance changes the way people see exchange site when they introduced SAFU but people shouldn't forget that one of the safety rule and regulation of every cryptocurrency traders, investors and enthusiasts most abide is never trusted an exchange site (not to mention centralized exchange) and only keep the fund you can afford to lose on it.
Why the sudden change?

The only reason Binance is so popular is that they don't list scam projects. The projects listed at Binance are the best and help investors get profit. In addition, Binance's security is very good and we do not need to fear hackers

"The only reason Binance is so popular is that they don't list scam projects." --exactly

You're wrong buddy and the last time i checked every exchange site is guilty of scam coin listing. However, 65% of all IEO done on binance are not that profitable as we speak.

[Lexurdania]

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?

Binance is the largest and most trusted exchanger because it is capable of handling events in a good and responsible manner. Binance bears losses due to hacking cases and this is one that makes investors believe in trading on Binance

[hulla]

Why binance called world largest BTC exchange?

Binance was called world largest exchange because of their innovation in crypto market, expanding their business to different continent and the SAFU they implemented.

1: the highest security is available in binance compared to the other crypto exchange?

No crypto exchange site is ever safe from hacker and i consider coinbase as the highest security exchange.

2: Generate high volume in the altcoin?

Yes and thats because they have already targeted the most populated countries.

3: best ieo launcher? Compared to the other exchange?

Yes but when they first lauched their IEO every is perfect but they later mess up at some point.

[CrypTechView]

3: best ieo launcher? Compared to the other exchange?

    What is your opinion? Drop your experiences & Opinion?

In this point, MXC exchange is becoming the best competitor among all the exchnages because of the M-Day events which is just like binance launchpad. As many projects gain more ROI than binance launchpad's projects. Just see this cryptodiffer tweets.
Tweet Links: https://twitter.com/CryptoDiffer/status/1254799508640317443

[Google+]

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?

Binance is the largest and most trusted exchanger because it is capable of handling events in a good and responsible manner. Binance bears losses due to hacking cases and this is one that makes investors believe in trading on Binance

when the binance exchange site is hacked they have prepared a stimulus that can deal with the problem quickly, because I am sure such a large exchange place will not be possible not to think about this because there is a big possibility that the exchange will have a risk of being hacked so I suggest to be able to secure your account by installing a security tool that is so powerful that it can be a little difficult for these hackers.

[Bonwin]

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?

Binance is the largest and most trusted exchanger because it is capable of handling events in a good and responsible manner. Binance bears losses due to hacking cases and this is one that makes investors believe in trading on Binance

when the binance exchange site is hacked they have prepared a stimulus that can deal with the problem quickly, because I am sure such a large exchange place will not be possible not to think about this because there is a big possibility that the exchange will have a risk of being hacked so I suggest to be able to secure your account by installing a security tool that is so powerful that it can be a little difficult for these hackers.

No exchange, irrespective of how big it is, can boldly say that it is 100% safe, but taking responsibility in case of any theft is what gives some hedge over others. Binance is more responsible than so many exchanges. Despite the number of volumes that runs on the exchnage, they manage to cater to the needs of every one of their users. I think that is the main advantage it has coupled with other inclusions, such as the user-friendly interface and other high technological inputs.
If others are ready to take responsibility like Binance does, they would have had though competitors. So taking responsibility make us to trust them more.

[Tipstar]

One of the reason why people prefer Binance is it's flawless system and quick support. They have one of the lowest fees and provide multiple services from the same place like staking, lending and they have even integrated JAXX wallet.
People also feel safe trading on it due to it's safu, which is a fund to compensate users if the hot wallet is hacked in any scale.

[lienfaye]

Well just like what others said binance is trusted because of many things like their high security features, cheap transaction fees and good support. Even the past hacking incident has been resolved smoothly, just an indication you chose the best exchange in the market at this point. The reason why binance is one of the exchange i've been using since before aside from kucoin.

[ethereumhunter]

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?

People choose binance as their place to trade is because binance allow people from skipping the KYC, so people don't have to send their document if they don't want. Without sending the KYC, people can still withdraw their bitcoin to another exchange so they can convert the bitcoin to their local fiat.

Binance has a big list of coins that have been traded in that exchange, so people feel comfortable to choose binance to trade and make money.

1. I think security is almost the same as the other exchange.
2. I don't check all of the volumes of the altcoin, but I guess that binance have a high volume.
3. So far, binance offer the project to launch their project in binance, and many of them succeed to get the investor by using binance.

[yazher]

Their security is almost the same as the other big crypto exchange out there, the big advantage of Binance is their innovative strategy when it comes to recovering the sudden loss of their customer's crypto assets due to hackers and this has been proven last year. This is why they are now the top one crypto exchange in the world. they manage to overtake those exchanges who already been there for years. Many investors who have been victims of such kind of hacking became super fans of Binance exchange due to their strong and reliance innovations.

[bobyhodob]

Well just like what others said binance is trusted because of many things like their high security features, cheap transaction fees and good support. Even the past hacking incident has been resolved smoothly, just an indication you chose the best exchange in the market at this point. The reason why binance is one of the exchange i've been using since before aside from kucoin.

I think the Binance exchange place has been hacked and everything can return to normal because from the statement that I got they have insurance that can cover all assets when hacked everything will still be safe even though they will do a lockdown for a few days but the great thing is there is no case of a trader losing his assets when hacked at the Binance exchange place.

[luckyflop]

3: best ieo launcher? Compared to the other exchange?

    What is your opinion? Drop your experiences & Opinion?

In this point, MXC exchange is becoming the best competitor among all the exchnages because of the M-Day events which is just like binance launchpad. As many projects gain more ROI than binance launchpad's projects. Just see this cryptodiffer tweets.
Tweet Links: https://twitter.com/CryptoDiffer/status/1254799508640317443

MXC.com is a good exchange, in the future they will definitely be a competitor to Binance. I recently paid attention to this exchange because it is very profitable for investors, IEOs here bring huge ROI just like Binance and their volume is increasing every day.

[Slingshot]

Without doubt Binance exchange is the best and in tikes of features they have the best especially crypto to fiat transaction in many countries and when it comes to security and trust, they have earned much of it from users so I think Binance has gained recognition that can't be belittled anytime soon and the CEO to has bought some assets that gains him more respect.

[poodle63]

3: best ieo launcher? Compared to the other exchange?

    What is your opinion? Drop your experiences & Opinion?

In this point, MXC exchange is becoming the best competitor among all the exchnages because of the M-Day events which is just like binance launchpad. As many projects gain more ROI than binance launchpad's projects. Just see this cryptodiffer tweets.
Tweet Links: https://twitter.com/CryptoDiffer/status/1254799508640317443

MXC.com is a good exchange, in the future they will definitely be a competitor to Binance. I recently paid attention to this exchange because it is very profitable for investors, IEOs here bring huge ROI just like Binance and their volume is increasing every day.

Just because some IEO hosted by a specific exchange gaining success or huge ROI doesn't mean it will hold or even compete with the more popular exchange, you see even binance has the time when their IEO is just a failure and returning a huge loss. It's just a matter of time until people bored of buying.

[TheICE007]

Like people would say,the binance CEO has built reputation for the binance exchange, people can go to bed with their funds in binance without being afraid,unlike some exchanges,it has strategy of bringing more people to using the exchange which has over time built volume for the exchange, also it scrutinize s the Project it takes for IEO,this makes binance exchange stand out.

[nreal]

Regarding security issues Binance is not the best exchange, it has been hacked and revealed KYC information of users. The point that makes me happy about Binance is the cheap price and the support staff is quite good /.

[SistaFista]

We trust binance because it is a big exchange and there are a lot of users that using binance exchange.
Lot users means the exchange is reliable, and many peoples trust them.
If i don't want to lose my money, of course i will need to using trusted exchange than new exchange.