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Author Topic: Why we trust binance exchange?  (Read 2367 times)
SacriFries11
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June 13, 2020, 01:30:39 PM
 #241

Every exchange have got something to deal with binance inclusive. I like binance so much because of the simple interface, it is very simple to use binance even as a novice but that doesn't mean binance don't have a flaw.
Yes, almost all of us preferred to use binance over any other crypto currency exchange sites. Its very popular to everyone even you are new to cryptoworld. Its not very complicated to use and provide free access to their signal and indicators. It really shows how their security and best features they could offer to its user. No doubt at all when I'm using Binance exchange.

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June 13, 2020, 01:37:11 PM
 #242

Binance is most popular and almost accepted in all countries and up to 02 BTC trading is allowed for No KYC users. The most trusted thing is that the CEO of Binance is a well-known personality and has a big contribution in the Crypto market.

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June 13, 2020, 05:03:23 PM
 #243

Binance is one of the most trustworthy centralized cryptocurrency exchanges out there. Majority of people involved in cryptocurrency market trust Binance. 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.
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June 13, 2020, 05:28:16 PM
 #244

1. yes
2. yes
3. yes
This is the biggest exchange and many hackers want to hack into this exchange but the traders there don't need to worry about it, like some time ago when all the traders' funds were hacked by the binance

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June 13, 2020, 08:58:03 PM
 #245

Binance has continue to dictate the pace for innovations and technological reforms and implementation of some of the best initiatives in the crypto industry and it isn't surprising to see them maintaining a huge level of patronage. Binance has all the needed tools for any trader to be successful, huge volume, security, decent user interface and top notch customer relations. They continue to add to this making users and traders feel completely cared for.
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June 13, 2020, 09:10:39 PM
 #246

Binance is most popular and almost accepted in all countries and up to 02 BTC trading is allowed for No KYC users. The most trusted thing is that the CEO of Binance is a well-known personality and has a big contribution in the Crypto market.

Binance is the biggest exchange there is at the moment, its team is public facing and regulated by multiple markets. In addition Binance keeps on working harder and implementing new strategies as small as these might be like the current extension to the Philippines. There are still many hurdles to overcome but it seems that Binance is taking an action approach and that keeps them going, making them popular etc





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beveryu778
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June 14, 2020, 07:13:28 AM
 #247

Binance is most popular and almost accepted in all countries and up to 02 BTC trading is allowed for No KYC users. The most trusted thing is that the CEO of Binance is a well-known personality and has a big contribution to the Crypto market.
Binance is one of the most reliable trading platform in the world. They provide great user friendly experience to the users to get them attached to the platform. Services like this will definitely attract more users towards the platform. As well CZ has made a better place for the cryptocurrency users and that's the thing users loved about it by seeing their transparency of work.
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June 14, 2020, 08:48:26 AM
 #248

Binance is very well known in the crypto world. It is usually the exchange that New tokens/projects aim to enter. If a new token entered binance your coin will be known and possibly the reason on getting you token in that bullish market.
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June 14, 2020, 09:33:51 AM
 #249

Why? Because 1, 2, 3 already well-know fact among the crypto community that Binance clearly the number one. Compare to other exchanges with their bullshit and shady data about security, volume, IEO launcher,... I take Binance over any day.
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June 14, 2020, 10:28:05 AM
 #250

Personally, I trust them because they are biggest and I think that most of people see it just like me. And when you go to the past, you realize that Binance become the biggest one thanks to low fees and and very good behavior towards customers.

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June 14, 2020, 10:53:58 AM
 #251

Binance has continue to dictate the pace for innovations and technological reforms and implementation of some of the best initiatives in the crypto industry and it isn't surprising to see them maintaining a huge level of patronage. Binance has all the needed tools for any trader to be successful, huge volume, security, decent user interface and top notch customer relations. They continue to add to this making users and traders feel completely cared for.

They don't stop their development as a crypto exchange and they are finding ways on how to resolve their issues. Just like they are having SAFU to protect its customers. So even if in case they will be hacked again, the users' funds can be returned without a doubt. I think this is one advantage of this exchange, you don't have to wait for years just to get your funds in case they will be hacked.
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June 14, 2020, 11:02:57 AM
 #252

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.

100% may be not perfect, but overall performance of the binance team is satisfactory. Their IEO and airdrops are very good and profitable for all. In terms of security, no site is 100% secured in virtual world but they are strong enough to handle as you may have seen in the last hack of Binance.
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June 14, 2020, 11:25:06 AM
 #253

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 terms of security, I still doubt with it because binance was hacked before, I don't think if their security is harder than before. The high volume of the coins, well that is true. About IEO, yes binance is the best, most IEOs there were successful.

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June 14, 2020, 12:11:17 PM
 #254

1 It has a very good CS and the exchange site is very convenience to be used everyday
2 The discount fees and i was using binance coin to trade on binance exchange site
3 it gives much more guarantee just like when it was getting hacked and binance has recovered all of funds were getting stolen due to the attack from the hacker

The statements above are my reasons why i trust binance but just to asnwer your question

Binance is still not having the best security consider it has been getting hacked several times.
IEO could not be the reason caused by there was a better platform that offers better IEO ROI like gate.io
Agreed to this one
Binance is one of the safest exchanges, but it brings a lot of attention of hackers out there since they know - there are a lot of funds there
and overall when you choose any crypto service - you choose somewhere between usability and security (i.e. browser extension wallets vs paper wallet)
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June 14, 2020, 12:23:53 PM
 #255

I cant categorically agree that binance exchange is world best crypto exchange but they re one of the best that the security of their costumers re guaranteed, 
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June 14, 2020, 01:10:38 PM
 #256

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 terms of security, I still doubt with it because binance was hacked before, I don't think if their security is harder than before. The high volume of the coins, well that is true. About IEO, yes binance is the best, most IEOs there were successful.
If choosing Binance for profit, this exchange is the best option for investors because all of the IEO projects here are very profitable for investors. In the past, I have participated in a total of 4 projects here, and each project has brought me huge profits. I believe that in the near future, this exchange will still grow more and more because Binance is constantly changing every day and never stopping like other exchanges.



                                                                                                                                             
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June 14, 2020, 03:58:25 PM
 #257

People thought about Binance exchange and place it at the top because so far, their reputation holds up that image. Tell me any time Binance fuck over their trader up, causing dissatisfied among their users, doing shady things and lost the trust of community? None so far so people willing to trust it.
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June 14, 2020, 04:03:46 PM
 #258

People thought about Binance exchange and place it at the top because so far, their reputation holds up that image. Tell me any time Binance fuck over their trader up, causing dissatisfied among their users, doing shady things and lost the trust of community? None so far so people willing to trust it.

Some of the reason that attracted the people is their user interface, the new addition of the coins, easy to use and the very easy procedure to join and register on the site. Also, low trading fees, good safety measures are some of the features that just kept people with this exchange.

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June 14, 2020, 04:13:26 PM
 #259

I know that a lot of people trust Binance. However I have never trusted any of the cryptocurrency exchanges till date, and that includes Binance. Ideally we should not trust them. They are unregulated and if the promoters make an exit scam, then it is very difficult to prosecute them and recover the money. There is no guarantee that Changpeng Zhao will not become the next Mark Karpelès.
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June 14, 2020, 04:16:16 PM
 #260

People thought about Binance exchange and place it at the top because so far, their reputation holds up that image. Tell me any time Binance fuck over their trader up, causing dissatisfied among their users, doing shady things and lost the trust of community? None so far so people willing to trust it.

Some of the reason that attracted the people is their user interface, the new addition of the coins, easy to use and the very easy procedure to join and register on the site. Also, low trading fees, good safety measures are some of the features that just kept people with this exchange.
That's all because they have a very smart CEO who is able build a very good team. I personally like to use Binance because their Exchange display is very friendly making it easier for us to learn trading there. There are also many available top coins that have a large volume which makes it easy for us to sell coins anywhere.

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