Why we trust binance exchange?

[XCANA]

In my own case, Binance has the most security when we talk about cryptocurrency exchange and their customers supports are second to none. Many have been their favourite because of their larger scope in the industry. Also, their trade volume has been one of the very best for altcoins from inception, binance is the best place to buy altcoins and trade altcoins for profits. Most of my portfolios are from binance and not any other cryptocurrency exchange. They have my native fiats for trading and withdrawal, so, I take them as my favourites.

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[masterrex]

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'm also a Binance exchange user since 2017.
The best features that I like in Binance exchange was:
It has Good and easy to use (UI) User interface
Discounted and much lower fees compared to others.
Good volumes with fast customer support service and competitive team.

So far I never encountered any big problem since I was using Binance from 2017 up today. I even participated in some of its IEO's which gives me some decent profit.

[Vishnu.Reang]

The market is not regulated and none of the deposits are insured. At this point, it is foolish to "trust" any of the cryptocurrency exchanges, no matter how much their trade volume is. This mistake was done by cryptocurrency users in 2014, when they trusted Mt Gox, and again in 2019 with Cryptopia. Daily turnover is not a good metric for protection against scams and hacks.

[TitanGEL]

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'm also a Binance exchange user since 2017.
The best features that I like in Binance exchange was:
It has Good and easy to use (UI) User interface
Discounted and much lower fees compared to others.
Good volumes with fast customer support service and competitive team.

So far I never encountered any big problem since I was using Binance from 2017 up today. I even participated in some of its IEO's which gives me some decent profit.

It is not just about of its quality and its good user interface, majority of the traders are using it because the platform is easy to use. What I like in Binance is its offering leverage for the traders like me, I can have maximum of 125X leverage where I can easily increase my capital. Yes it is risky and that is why I have proper risk management.

I'm sure that many traders are now trusting it because of its high security, most of the exchanges in the past years are been hacked by hackers and that is the reason why we should choose exchange that have high security like what Binance has.

[mdzahed134]

Actually I have no reason but I think this exchange has high security than others exchange. Even this exchange all volume is definitely legit. You will see that p2pb2b, vindax or Latoken etc exchange has fake volume so you can't sell your high amount tokens.

High security? No...

They were hacked last year. https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin

They lost $40 million USD worth of bitcoin that time, but they were able to survive because they are a profitable exchange and no traders complain that they lose their money, so that's the reason why they are still here now, in fact they were able to introduce their insurance system that time as they have been setting aside funds to cover loses like this.

I disagreed of you, at least you can say that binance providing highest security to all of another exchanges, a multiple times hacked some high liquidity exchanges even those are claim equivalent quality of Binance, when traders lost their tokens. But Binance is different an example, traders assets was safe by backed of Binance own fund.             

[umbara ardian]

I Love Binance because The CEO of Binance is a well-known personality and when you know a business owner or any exchange owner and the CEO has an excellent reputation then the trust and popularity increases automatically.

He is famous because he owns the leading exchange in this market, which is Binance. For me, I like to use and trust binance because they always care about the user. And that is why Binance is as successful as it is now

[tiang_tower]

I Love Binance because The CEO of Binance is a well-known personality and when you know a business owner or any exchange owner and the CEO has an excellent reputation then the trust and popularity increases automatically.

Yes, that's right, that is something that has often happened in real life, where if someone has a good and well-known personality, it will obviously be easier to get the trust of others, like his case with CEO Binance.

[bayudndy]

I Love Binance because The CEO of Binance is a well-known personality and when you know a business owner or any exchange owner and the CEO has an excellent reputation then the trust and popularity increases automatically.

Yes, that's right, that is something that has often happened in real life, where if someone has a good and well-known personality, it will obviously be easier to get the trust of others, like his case with CEO Binance.

There are many other famous people in this market, but most of them have caused the market to collapse or cause FUD, obviously you should not trust their popularity. You should look at how they work and develop their projects

[pgbit]

Binance is one of the most secure exchanges in the market at this point. Their wallet services are secure and safe, their transaction fees are quite low as well. Binance is a safe option for cryptocurrency traders and users and is probably one of the safest bets out there. Binance capitalized on the crypto boom by quickly expanding the number of assets available on its platform. In a period when every altcoin felt like it could be the next Bitcoin, it was a smart move. Users fell over themselves to invest increasingly large amounts of money into the diverse projects. So i want to say Binance is the best exchange is crypto market.

[fosco333]

I think people trust binance exchange because CZ, their CEO is very active in social media.
Users can get new events or updates from binance, and binance has very high liquidity of any coins.
The deposits and withdrawals are fast, thats why many people use binance.

[reallester]

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 think you have said it all. The security is very crucial in any exchange. And I think Binance exchange has the highest security than other exchanges. Aside that, Binance has highest liquidity and volume for coins listed on it. Virtually all coins listed on Binance is doing well. Never seen any!

Disregarding its listing fee, I think Binance exchange is really trying on the space. Kudos to CZ.

[riso2015]

I think people trust binance exchange because CZ, their CEO is very active in social media.
Users can get new events or updates from binance, and binance has very high liquidity of any coins.
The deposits and withdrawals are fast, thats why many people use binance.

The most important thing is that the volume there is very high compared to other Exchange, the coins enter on Binance Exchange must come from a clear and good project. Shitcoin cannot enter there because the Binance Team applies difficult conditions for listing a token.

[ancafe]

maybe the service provided to its users is quite good. however, binary has been trusted for a long time, and it continues to grow until now. not many exchangers like that. even today binance continues to interact with other professional projects. however, binance is one of the exchanges that has been proven able to solve some problems that can even make other exchanges close.

[Denreal]

maybe the service provided to its users is quite good. however, binary has been trusted for a long time, and it continues to grow until now. not many exchangers like that. even today binance continues to interact with other professional projects. however, binance is one of the exchanges that has been proven able to solve some problems that can even make other exchanges close.

Other exchanges need not close down, inasmuch as they are legit. There has to be a conference of exchanges in the crypto space, where they will learn from CZ and perhaps he also well be ready to tell them the secret behind being at the top.
Well, he might not want to do that, because he would want Binance to have a competitive advantage. Also, it does not appear as if other exchanges do not know what to do, but they lack the real essence.

[Alohadanc3]

When I first enter this market ,binance is my first exchange I have ever use. In in few day I am okay with the whole new trading things. Cause binance has a great easy to use interface. The volume is good the coins they added are big projects. The community and the support are very good too. In few years I have used many exchanges. And some of them are big as well like huobi, kucoin. And they are also good. But still if I have to chose one I will go with binance.

[Kong Hey Pakboy]

Sometimes I ask myself about it too. I've heard some claims about Binance fake volumes, for example. I don't want to say that volume fakeness is the worst sin but the fact is they can do it as the most exchanges do. But evantually I think it's sort of paranoia because the problem is not exchange, excluding cases when exchange steal funds itself, the problem is in the market and the projects.

I don't think Binance do such a thing that they have fake columes and could steal funds because if it does someone would complain about it already. The reason why people trust Binance exchange because it is one of the most secure exchanges in the market, and their wallet service are safe and secured for all traders.

[bakasabo]

The most important thing is that the volume there is very high compared to other Exchange, the coins enter on Binance Exchange must come from a clear and good project. Shitcoin cannot enter there because the Binance Team applies difficult conditions for listing a token.

Have you heard about $BEAR and $BULL tokens on Binance ? Binance introduced these tokens about few months ago, people traded them, but then Binance delisted them. Some traders had lost a lot of money because of that. Take a look on few article about it:

https://medium.com/@ashcash_/scam-binance-7bcaa41482
https://medium.com/@ashcash_/scam-on-binance-bull-bear-part-2-9c85996e13ed (second part)

To sum up - Binance listed shittoken, gain profit from traders, delisted it.

[Desscount]

Sometimes I ask myself about it too. I've heard some claims about Binance fake volumes, for example. I don't want to say that volume fakeness is the worst sin but the fact is they can do it as the most exchanges do. But evantually I think it's sort of paranoia because the problem is not exchange, excluding cases when exchange steal funds itself, the problem is in the market and the projects.

I don't think Binance do such a thing that they have fake columes and could steal funds because if it does someone would complain about it already. The reason why people trust Binance exchange because it is one of the most secure exchanges in the market, and their wallet service are safe and secured for all traders.

don't believe 100% you will regret if 100% is reduced to 99%, the safest place to store crypto assets is in a personal wallet, such as Myetherwallet, Blockchain, or Ledger. maybe after trading you can move it

[Malam90]

There is no hesitation to say that Binance is the crypto leader exchange and it is the most secured exchange ever. I haven't seen such security in other exchanges like Binance. There are high volume in BTC or altcoins. They are doing many improvemental activities for the crypto expansion that we have seen recently in Africa. Binance launchpad is the most attractive to the investors now.

[minairia3]

There is no hesitation to say that Binance is the crypto leader exchange and it is the most secured exchange ever. I haven't seen such security in other exchanges like Binance. There are high volume in BTC or altcoins. They are doing many improvemental activities for the crypto expansion that we have seen recently in Africa. Binance launchpad is the most attractive to the investors now.

Even though they have a lots of activities on their exchange we cant say its number one in terms of security. Should we break down all the hacked and breached on their system? Also like the last week halving event. Binance werent able to execute timely their trades especially on futures resulting to liquidation of most traders. Their IEO and even giveaway are good and beneficial holding their tokens as they also have liquidity and keeping high ground by burning their token quarterly. However, Im not 100% sure they are perfect. There always a flaw in the system.