Binance compared to other Crypto Exchange.

[Timmzzy]

I have been into crypto-currency for a long time now, probably i understand few about Crypto and other things related to it, now I believe you and I know about BINANCE EXCHANGE and BITTREX EXCHANGE, right from when the market was not kind of complicated like this. Well let's go straight to the point of what am to say. Binance is really growing Wild when it comes to giving the community what they want. I came across this:  http://imgur.com/a/EjLSFu4 in my email inbox and I believe most of us using binance received it. This development coming out from BINANCE EXCHANGE is really welcomed and binance is really paving waves than bittrex Exchange if am not mistaking.

Your opinion to how you see binance and bittrex in the next generation are welcomed.

[nelson4lov]

First of all, are you really pairing Binance and Bittrex in the same category? Binance rakes in about 5 billion dollars in daily trading volume on average and Bittrex? just about $50 billion. Granted, Bittrex was a market leader at some point in 2016/2017 but lost that spot to Binance due to their shortcomings with several bugs hampering their platform at the time. Even now, Bittrex offerings is no where near that of Binance. I'm talking about the overall trading experience on both exchanges (I'm a user of both).

[spike420211]

I have not used Bittrex for a long time, probably about a year, so I do not know how the exchange looks now and whether its functionality has changed.

But I always liked Binance Exchange more, although earlier its design was inferior to Bittrex, but they fixed it. As for the functionality, Binance has always been an advanced exchange in this regard, almost advanced  .

[taufik123]

I have used almost all of the Exchange to trade, especially Bittrex and Binance. Both of these exchanges are popular and have many members. But for now Binance is superior to Bittrex. Binance continues to grow with the support of many members and even today has many features that make it easier for people to buy Bitcoin and other altcoins. Binance is a very popular exchange now compared to Bittrex.

Currently binance is focusing on building infrastructure to help others eradicate their business in the binance blockchain ecosystem, which include facilitating exchanges, providing a secure and reliable exchange wallet, providing more or less liquidity margins and much more.
At present Binance has a new platform namely P2P which functions as an open market to facilitate direct trade between trading and buyer.

[tippytoes]

First of all, are you really pairing Binance and Bittrex in the same category? Binance rakes in about 5 billion dollars in daily trading volume on average and Bittrex? just about $50 billion. Granted, Bittrex was a market leader at some point in 2016/2017 but lost that spot to Binance due to their shortcomings with several bugs hampering their platform at the time. Even now, Bittrex offerings is no where near that of Binance. I'm talking about the overall trading experience on both exchanges (I'm a user of both).

That is actually what I was thinking here, why compare Binance and Bittrex now? Binance has come a long way already and by just looking at the trading volume, BNB is already very far. Got the figures from coingecko not from CMC. So it is very clear that Binance is leading among crypto exchanges and Bittrex has been left behind.

     vs     

[asyakashi]

~snip~
Your opinion to how you see binance and bittrex in the next generation are welcomed.

I was a bitrex user in the past, different from now.
Bittrex has lost a lot of trading volume so it's not very interesting to do daily trading.
on the contrary, binance has everything now and is almost perfect. we never know what will happen next with bitrex or binance. you shouldn't trust trust with centralized exchange.

[shushu9977]

If we are talking about the volume and top exchange, than we easily find it as Binance exchange is better than the bittrex exchange. Bittrex is a good exchange but binance is a top level exchange for trading and investment.       

[michellee]

We don't have to compare between binance and bittrex because each exchange has advantages and disadvantages, and I believe that each exchange will have its fan. But we can see that binance developed the exchange to be top exchange beside of bittrex, poloniex, kucoin and the other, and many people now move their funds to binance. I think people choose binance as their exchange because binance allows people not to verify their account, but they only limit the withdrawal funds. That will be an advantage for people who don't trade with big funds.

[Tahsin Kabir Kollol]

Each exchanger has its own characteristics and because of these differences, people use different types of exchange. Notable among the exchanges I use, are Binance, Whitebit, Bittrex, Probir coinsbit, etc. There are some comparative differences between the two exchanges, Binance and BITTREX, as the daily trading volume is much higher than that of BITTREX and the difference between their trades fee can be noticed. The Binance market liquidity and volume are better than the Bittrex exchange. In recent times the Binance exchange has made great development in its exchange and in this case, Bittrex lags far behind.

[cryptoaddictchie]

I was a bitrex user in the past, different from now.
Bittrex has lost a lot of trading volume so it's not very interesting to do daily trading.

Hows the bittrex case during that time? I mean when they are still on top, they started first before Binance right, it looks like Binance advance pretty fast considering they will only turn 3years few days from now. I never created or traded yet using Bittrex, so I dont know if its good like Binance.

Its the only centralized exchange Ive done KYC for such purpose but I think if we are gonna trust a centralized one this will be Binance.( not suggesting to do KYC as it has risks)

Surely they will become a stable market exchange even in the future. I do hope Bittrex step up a little more. They are losing traders and shifting to newer platform with much advance trading features.

[Itsmylife]

I have used bittrex to trade cryptocurrency in a long time ago, but now I don't use it anymore just because they deleted my account when they upgraded their website (it's my fault because I didn't read their email but I still hate them).
In Binance I find them very professional, they solve their problems very well when hacked and ensure the interests of customers.

[bitgoldpanther1978]

I have been into crypto-currency for a long time now, probably i understand few about Crypto and other things related to it, now I believe you and I know about BINANCE EXCHANGE and BITTREX EXCHANGE, right from when the market was not kind of complicated like this. Well let's go straight to the point of what am to say. Binance is really growing Wild when it comes to giving the community what they want. I came across this:  http://imgur.com/a/EjLSFu4 in my email inbox and I believe most of us using binance received it. This development coming out from BINANCE EXCHANGE is really welcomed and binance is really paving waves than bittrex Exchange if am not mistaking.

Your opinion to how you see binance and bittrex in the next generation are welcomed.

In the first place, these two exchange platform are both useful to me. But at the moment, I am not using them both so far, because I don't have a coins to their platform. Because I am only using a platform now where I have an assets that I can trade to get profit of course. And so far I used Bibox, Houbi, Idex, Kucoin and Coinbene.

[Wexnident]

Bittrex loses out to Binance, by a lot. Though AFAIK, Bittrex has lower fees, but really, their trading volume is far outstripped by Binance, which makes it a better choice. Bittrex at this point is close to being old news. Yes, Bittrex was pretty good, but it's in the past. It was a good exchange but sadly, it didn't support its growth and development properly, hence was surpassed currently by Binance which is younger than it. Try out Binance for a bit and you should see how easy it is to trade plus, the community is pretty active so it's a lot easier for your inquiries to be answered.

Still, other than Binance, there's still KuCoin and Kraken, you can also check them out some time, though I did opt to choose Binance instead of using other exchanges right now.

[slapper]

So far, binance is one of the best trading plaform for anyone who want to engage crypto trading. It has proven that it qualify for this position after placing bittrex. Bittrex can be considerex as the best crypto exchange in 2016-2017. However, due to the lack of technology and developement, it can not stand still when Binance appeared.

I had trade on bittrex for a while and I found that its quite ok at some piint. But when the volume crack down and it was harder for me to trade, i chose binance as my next place to secure my money. It is somehow faster and efficient, with a large number of users as well as volume.

I guess that Bittrex is now a tier C exchange while binance is a tier A

[XCANA]

If we are talking about the volume and top exchange, than we easily find it as Binance exchange is better than the bittrex exchange. Bittrex is a good exchange but binance is a top level exchange for trading and investment.       

Not only in terms of it volumes but also in terms of security wise, Binance exchange has been proactive to many issues surrounding their cryptocurrency exchange and this gave them edge over  other  contemporaries in the industry. Without missing  of words, Bittrex exchange has not yet getting close to the side of Binance exchange because of their solid team, as at today, Binance exchange trading volumes is the biggest and i can't imagine that exchange that will challenge Binance exchange in the future.

[crwth]

You're not mistaken when it comes to comparing the two. One has been operating longer than the other, and it is Bittrex. 2013 was the start of Bittrex and Binance in 2017. Binance has made it's way to the top probably because of the influence that the exchange has towards users, and they are currently dominant at it. What made it successful is the liquidity it has right now, and a lot of users are using it, and they are global. On the other hand, Bittrex, I haven't seen events in my country that had their influence.

I'm sticking to Binance in the coming future as well.

[Jating]

I would agree that Bittrex was the Binance before Binance comes along. And then Binance took off with CZ very active and sort of listening to his customers that's why it grew in the last three years and left the competition behind.

As for the image you attached, yes it is true, as they also posted it on their official Binance twitter account: https://twitter.com/binance/status/1281106043548794880

They are the leading so far and keeps on evolving, that's why it is really hard for other exchanges to really get close and make the crypto trading exchange more competitive.

[joniboini]

Regardless of who is on top right now, remember that no service lasts forever. Love the service but don't love the company. If they start giving you crap, then leave straight away.

[WSDN]

Bittrex loses out to Binance, by a lot. Though AFAIK, Bittrex has lower fees, but really, their trading volume is far outstripped by Binance, which makes it a better choice. Bittrex at this point is close to being old news. Yes, Bittrex was pretty good, but it's in the past. It was a good exchange but sadly, it didn't support its growth and development properly, hence was surpassed currently by Binance which is younger than it. Try out Binance for a bit and you should see how easy it is to trade plus, the community is pretty active so it's a lot easier for your inquiries to be answered.

Still, other than Binance, there's still KuCoin and Kraken, you can also check them out some time, though I did opt to choose Binance instead of using other exchanges right now.

In general, no one is interested in using Bittrex because this exchange is outdated, and not much has changed compared to the past. I think Binance has beaten all the exchanges that are available in this market, and it is sure that Binance will change every day to keep investors here. I've been in this market for a long time, but Binance is the only place that helps me to make a lot of profits.

[davis196]

Regardless of who is on top right now, remember that no service lasts forever. Love the service but don't love the company. If they start giving you crap, then leave straight away.

That's right.The crypto exchange business is extremely competitive and one wrong move can make your customers run away from you right into the competitors.
In the future,at some point,all crypto exchange platforms are going to look exactly the same,in terms of features,transaction fees and the horrible ID verification process.The only thing that could possibly add value will be the customer support and how they are treating their customers.
Having millions of customers means lots of money and effort spent for a good customer support team.SO far Binance is OK with providing customer support.Let's see what will happen in the future.