Why we trust binance exchange?

[isaac_clarke22]

Not sure about the security,OP.
You can't ensure security when we're talking about online exchanges, since your security isn't truly relying on your own but to someone else instead.
I read that there was like data leak long time ago in Binance and some people were claiming it as a fake news or just a cover-up, but who knows.
Thing is you'll never feel secured and protected everything in online, as someone made the algorithms for the security and surely minds of people would oppose the other and they're what we always call "hackers".

[1715132155]

1715132155

[Nadziratel]

You can deny as much as you want. It is popular and has never been a victim of its investors to date. As a result, everyone still pays attention to Binance listing. How many of us have not invested in a coin in the hope of being listed on Binance?

[btcholder]

What is your opinion? Drop your experiences & Opinion?

Why not. They are running their business world wide even where crypto currency are not allowed. They have 400+ legit project on their CEX exchange, They have their own blockchain, low fees and great customer service. What would you need more from an exchange..? Last year they got hacked and lost lot of asset but they show how much they are professional and refund their customers losses. If Binance was a scan exchange then it'll be gone log days ago and never returned customers losses. You can find more from this article why people think Binance is trust able and biggest exchange in crypto currency.

[X-ray]

You can deny as much as you want. It is popular and has never been a victim of its investors to date. As a result, everyone still pays attention to Binance listing. How many of us have not invested in a coin in the hope of being listed on Binance?

As long as the coin can be listed in another major exchange site and it doesn't need to be listed on binance.

Investors even became a victim of security breach that happened with binance but the company can solve the problem very fast and it's not getting louded.

This is a good exchange site but not for the security.

[OrangeII]

many good things about binance, especially in their movements in the real world. Well, CZ really guides Binance to be a trusted exchange place to date. to be honest, which makes me even more confident with binance is that they are responsible for the problems they receive. for example such cases of hacks that occur. they really took the right step by replacing the money that had been stolen and making quite a number of people comfortable. Well, I think there are many other advantages that binance has.

[Rrita]

Because Binance is the top-level exchange and they have a lot of features. It's very trusted and a lot of people using Binance nowadays. The interface is very nice and you can use it smoothly. they don't ask for KYC if your capital is 2 BTC but if your capital is more than 2 BTC than you need to do KYC.

I am using this exchange and it's about 1years+ everything fine here.I trust Binance mostly and beside Binance also using Kucoin as an altcoin exchange because I found most of my favorite/new altcoin at Kucoin.

[Latines]

There are a lot of negative rumors about the binance in general. I read on this forum that bibans again lost a large number of accounts. I do not use this exchange. It doesn’t matter to me whether it is the first in the world or not. I think it is not reliable.

[rodskee]

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?

From whom this statistics come from?binance being the biggest Bitcoin exchange in the world?well they can claim whatever they want but this does not mean that it is indeed,though i am a binance user and supporter also.
1: Security is offered and indeed ine very exchange but claiming to be the Highest?what is your basis in comparison?
2: Generating High Volume in altcoin is depend in that currency itself and exchange does nothing to do on that.
3: Best IEO Launcher because they are Pumping but after what?
You are making statements that only you can prove.

[chip1994]

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?

I am a user of binance exchange about 2 years and I really had a great experience here. There are more than 3 things that you have listed. It is a rich exchange and even if hackers have stolen their money, they can still make up for it. Besides, BTCUSDT volume is the highest in the crypto market and always selects the best projects to implement IEO.
And the best thing about it is that Binance only lists good alts or tokens. They never work with shitcoin or scam coins.

[TheClownSong]

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?

In my opinion, Binance is becoming big now because of investor confidence. After hacking happened some time ago which harmed 7000 Bitcoin, Binance was able to handle and compensate for losses. Because of this step, Binance is increasingly trusted in the eyes of investors and this makes the transaction volume continues to grow

[SourLemonX]

In my opinion, Binance is not just an exchanger, Binance also aims to a large ecosystem, with goals and visions in the blockchain industry, for example: Incubating start-up projects (Binance Labs, Binance Launchpad),  In-depth data analysis (Binance Info, Binance Research,Binance Academy)...
In addition, Binance uses the latest technology to protect the platform, 24/7 Customer Support Service...
It is true that no one can predict exactly what will happen in the future, but at least up to now, Binance still has smart steps to maintain its position in the industry.

[$anounimus$]

Normally fast, safe, comfortable also good for trades and others. That's how everyone wants, besides Binance is already world-leading in the exchange of both well-known coins and hundreds of other cryptocurrency which takes only minutes.

This might be a big magnet for Binance.

[ttcsalam]

Binance I personally like a lot.Anyone can trade here as they wish.Its biggest advantage is its Safu system.Investors' funds are protected here. The investment guarantee here is much higher than on other exchanges. That's why I prefer it.

[Ken_terrance]

Binance rocks    that's why people love that exchange, their customer support is very ok and over average compare to other exchanges, both withdrawal and trading fees are fair, binance launchpad rocks, fundraising on the exchange is always a success

[aakay]

Well in terms of security, i think binance needs to improve on that, as they have been hacked quite a number of times which indirectly raises a red flag in terms of the security level offered by the platform. But in regards to navigation, binance is sure sound on that. It has well layed out navigation system which i find interesting

[Clark05]

Binance is the most trusted trading crypto exchange in all because they serve us more than few years and they proven to us that they are legit because even they have some problems they will resolve it quickly because they know on how to handle the problems and on how to solve it so I really give my trust to binance and I think I will spend more years in exchanging coin to that site.

[bussybuddy]

Well in terms of security, i think binance needs to improve on that, as they have been hacked quite a number of times which indirectly raises a red flag in terms of the security level offered by the platform. But in regards to navigation, binance is sure sound on that. It has well layed out navigation system which i find interesting

Many times ? I only saw them get hacked once in 2019 and that is the only time so far. And users are not affected by the hack because Binance has used their backup funds to compensate all users.

[Ryushin]

Binance exchange managed to build good reputation in crypto space and gain the trust of investors and traders, they care about crypto technology and its people/users, even when the platform got hacked they reimbursed stolen funds, binance is more than a mere crypto exchange

[Golftech]

Binance exchange managed to build good reputation in crypto space and gain the trust of investors and traders, they care about crypto technology and its people/users, even when the platform got hacked they reimbursed stolen funds, binance is more than a mere crypto exchange

Binance really gaining more interest from investors and traders with how the managements build their reputations and those many goodwill that they've continue to provide especially to those places/people who really needed helps, those kind of things adds up to build good relationship to their partners/ traders and investors inside the exchange.

[Slingshot]

Binace exchange has given alot of reasons to trust it, binace exchange has security even when the exchange got hacked, the team ensured all investors got there funds back and in terms of features it has more than others, binace is a well recognised exchange globally and when it comes to IEO on Binance there's full assurance that you will make profits so they have gained much respect from users.