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Author Topic: Binance deserves the first Position on CMC  (Read 1512 times)
Jawhead999
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June 21, 2020, 04:43:13 PM
 #41

Binance's reputation will always go up every day, because this is the best exchange and they always users in the forefront. It is difficult to see someone complaining about this exchange, they are almost good in every way. Even when the exchange was hacked, they still refunded all users without delay. That's why I love this exchange
Because binance have a lot money than they get hacked, this is why they can refunded all the money without delay. If they got hacked all, I don't think they can refund it without delay and I doubt they can refunded all. Just like Mt.Gox, this is the best exchange in the past and many people trust it. But when they got hacked a huge amount money, they can't refund it and the exchange is collapse now. Always aware before using any exchange, even it's popular and trusted till now.



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Chukwunonso
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June 21, 2020, 05:10:24 PM
 #42

Binance has actually distinguished herself among exchanges and several persons believe that they are the largest and most widely used cryptocurrency exchange. I personally won't agree less,  because binance seems to have everything in place to make trading experience seamless and I believe that the exchange is customer oriented.
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June 21, 2020, 05:24:04 PM
 #43

It is not a question of if Biance deserve it or not, the issue is the subjective way in which they come out with their ranking system and put themselves in first position, the other issue is that their direct competitors are being suppresses systematically, just look at Bitmex, the exchange has been pushed down the ladder while Binance cement its first position


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June 21, 2020, 05:30:59 PM
 #44

Binance actually owns CMC, so if they wanted to they could simply pin themselves at the top no matter what you are looking at. Volume? Pin binance at the top, liquidity? Pin it, pair numbers? Pin it. There is no reason why it should even lead anything at all, they could simply pin themselves at the home page with big huge margins and nobody could say anything. It is their own website and they could do whatever they want with it, there is nobody that can stop them.

Definitely you can stop using them if you liked cmc before but hate binance so you want to stop using it. However, if you have nothing against binance they could simply just put binance all over CMC with big banners everywhere and pop up binance ads and we could do nothing about it. It is their own website after all and they make the rules.

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June 21, 2020, 06:30:36 PM
 #45

in my opinion binance is currently the best exchange is user friendly and has many features it should be at the top of the various exchange charts
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June 21, 2020, 08:30:29 PM
 #46

Although I do not trust coinmarketcap before now because of the manipulations that goes on within it, but the question that should be asked is, which exchange was ranked the first on coinmarketcap before? after answering the question, the next should be, is that exchange really worth that position?
Binance even before getting involved with coinmarketcap was seen and regarded as the best exchange by a good number of people but owing to the irregularities in coinmarketcap they weren't seen at the first position, but now that thing has changed I do not see any problem with it, because they deserve it

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June 21, 2020, 08:41:37 PM
 #47

in my opinion binance is currently the best exchange is user friendly and has many features it should be at the top of the various exchange charts

According to coinmarketcap rating, binance is the number 1 exchanges but based on traffic, liquidity, trading volumes of spot markets. Some people do not know about this but only using the market capital rating alone.

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June 21, 2020, 08:45:37 PM
 #48

I see that the total daily trading volume decreased since the Binance bought Coinmarketcap. Is it a coincidence? Or do they really check the volume of each crypto exchange and that is the reason that the total volume has decreased? We already know that some exchanges reported fake volume, but it is pretty hard to find out the real trading volume.

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June 22, 2020, 07:34:07 AM
 #49

I believe that there is nothing wrong with Binance buying CMC. I am sure that they will make this platform very promising with a huge set of features. And Yes, this exchange deserves to be in the first place.
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June 22, 2020, 07:39:57 AM
 #50

Haters gonna hate mate, binance is doing so well but many still don't like CZ, simply because he is making money, seriously why are people complaining about this? It's stupid envy, developers aren't this hard working today and that's a thing with new developers, they are lazy ass

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June 22, 2020, 08:43:45 AM
 #51

Even i think same binance is one of the best crypto exchange in crypto currency world . they had lots of barriers they moved out of china and again hacking happened in hteir exchange ( May be their strategy to dump binance token before blockchain introduction) but any how binance is always the best platform . They seriously concern about their customers . Still i am fear about this exchange price manipulation .

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June 22, 2020, 09:18:47 AM
 #52

Haters gonna hate mate, binance is doing so well but many still don't like CZ, simply because he is making money, seriously why are people complaining about this? It's stupid envy, developers aren't this hard working today and that's a thing with new developers, they are lazy ass
Agree, some people still don't like CZ and often FUD because they don't want CZ to make money in this market. But ignore it and look at Binance exchange, they are working very professionally and never letting users down.
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June 22, 2020, 09:41:42 AM
 #53

Haters gonna hate mate, binance is doing so well but many still don't like CZ, simply because he is making money, seriously why are people complaining about this? It's stupid envy, developers aren't this hard working today and that's a thing with new developers, they are lazy ass
Agree, some people still don't like CZ and often FUD because they don't want CZ to make money in this market. But ignore it and look at Binance exchange, they are working very professionally and never letting users down.
Those who are saying negatively about binance have come from the competitors. In fact binance has already taken the first place and there was not something that must be worried. As long as binance is still capable and it will always in the first place of CMC

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Botnake
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June 22, 2020, 09:45:56 AM
 #54

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??


That's normal and Binance are aware about that before they acquire the exchange, however, they still continue to acquire because they believe that majority of traders and investors believe on them, so they still own their good reputation.

Actually, Binance was already one of the best exchange in the market before they acquire CMC, so it doesn't matter, it's not a big thing as even if we ask people about that, I'm sure many will say that Binance deserved the number 1. The fact that they grow the project to this big now, investors are happy with that already and in every successful company, there's always haters.

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grizmoblust
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June 22, 2020, 10:07:56 AM
 #55

Haters gonna hate mate, binance is doing so well but many still don't like CZ, simply because he is making money, seriously why are people complaining about this? It's stupid envy, developers aren't this hard working today and that's a thing with new developers, they are lazy ass
Agree, some people still don't like CZ and often FUD because they don't want CZ to make money in this market. But ignore it and look at Binance exchange, they are working very professionally and never letting users down.
Those who are saying negatively about binance have come from the competitors. In fact binance has already taken the first place and there was not something that must be worried. As long as binance is still capable and it will always in the first place of CMC
Binance is an exchange I have been using for years, and until now it has been very profitable for me. For me, Binance is the second home because every day I go to this exchange to check the price of some coins or set the price to buy to trade. In addition, Binance is considered to be the largest liquid exchange in this market, and certainly you will not have any problems related to trading here.






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June 22, 2020, 10:09:52 AM
 #56

So when I look int to normal cmc interface I see that Bitcoin is number 1. Nevertheless, Binance is currently the best exchange, with a volume and fair conditions out there. This makes its current valuation reasonable

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June 22, 2020, 10:45:15 AM
 #57

Who could challenge Binance, they have the volume, their coin is doing great and majority of traders have an account here, what they do and what they say have an impact in the market, and it's every coin's goal is to get in Binance, the wide is  very wide for the second and third spot, they get the big slice of the pie.
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June 22, 2020, 10:46:19 AM
 #58

So when I look int to normal cmc interface I see that Bitcoin is number 1. Nevertheless, Binance is currently the best exchange, with a volume and fair conditions out there. This makes its current valuation reasonable
Binance has always been the number one exchange in this market, and there won't be any comparable exchanges. I think if you have decided to choose this exchange, you should not look for other exchanges because Binance has all the features that the trader needs in this market. However, you should also be careful because this exchange has been attacked over 7000 BTC, and that is what makes me feel a bit nervous when trading at this exchange.

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June 22, 2020, 11:04:41 AM
 #59

So when I look int to normal cmc interface I see that Bitcoin is number 1. Nevertheless, Binance is currently the best exchange, with a volume and fair conditions out there. This makes its current valuation reasonable
Binance has always been the number one exchange in this market, and there won't be any comparable exchanges. I think if you have decided to choose this exchange, you should not look for other exchanges because Binance has all the features that the trader needs in this market. However, you should also be careful because this exchange has been attacked over 7000 BTC, and that is what makes me feel a bit nervous when trading at this exchange.
Agree with that, I also believe that Binance is the number but we can't avoid that there are people who complain especially those coming from the competitors because no exchange site would say that they are the number 2 exchange, all of them would always say that they are the number 1 and since CMC was already acquired by Binance, they would always call the ranking bias.
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June 22, 2020, 03:18:55 PM
 #60

It does not matter which one is on top as long as these top exchanges are capable of bringing their services to what their investors/customers need and they are satisfied with it. And I think Binance has been on CMC's top list eve before CZ aquired CMC and still it remain its good reptation as the number 1 exchange today in cryptomarket.
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