Binance compared to other Crypto Exchange.

[RealMalatesta]

When you are comparing the trading fee and withdrawal fee you realize that you are leaving some money on the table when you are doing trading a lot and that was one of the reason why people got attracted to binance to begin with.

When it first came out it had something so small as trading fee and if you are using BNB it was even lower that, if you are doing over a thousand dollars in trading per day, you would be basically saving over a thousand dollars per month just from the fee. That was proven later on with studies and calculations which wasn't hard and people realized that if you are big trader you would save a lot of money right away, however if you are a small trader like me, you are still saving some over the long period as well so it made sense to everyone to take advantage of that.

[btcholder]

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

I was regular trader in bittrex exchange before binance came. May be bittrex was the legit platform to trade that time. But when binance arrived with lots of new idea and give trader a new trading benefit, people automatically choose binance for trade. I trade in bittrex a year ago. I heard they improved their platform but i don't think they are capable of competitor with binance. Not just bittrex, no exchange are capable of competitor with binance at this moment. Binance is now no. one exchange in crypto space.

[jostorres]

Binance is usually taking the lead when it comes to rolling out new features, I think it’s all about having a good team that’s behind it and also having enough finance. For now, Binance is among the top exchanges, although I won’t really say the number one because they are all doing good in their own ways, there are people who would prefer other exchanges than Binance, we all have our own opinions.

As for the future, we can’t predict which exchange will be the best tomorrow. And like I have said, having a good team is always a way to boost any business. A new team can take over Bittrex and come up with better ideas and start to beat other exchanges.

[tvplus006]

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  .

About a year ago, Bittrex canceled all orders that were open for a long time. I did not like this behavior of the exchange, and I transferred my Deposit to Binance, which I was trading on at the time. It is these ridiculous decisions that lead to an outflow of users from Bittrex, as a result of which other exchanges get new participants.

[perfect999]

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  .

Yeah the design change was something that was much needed in binance, I remember the early days of binance (which is only few years ago) and they were really not that great, nowadays they look awesome and that is why I enjoy them so much more.

Probably not the last improvement neither, they will probably do some more. I did hated it when the affiliate dropped from 50% to 20% but I understand it wasn't sustainable for them to keep giving half of their profit, obviously it made sense to drop it from a business end of things and I get that there was a rule that said "binance keeps the rights to drop affiliate % anytime they want" basically but when you work for 50% and you end up getting 20% instead you do get pissed off a bit. I can't think of anything else binance ever did wrong for me.

[carriebee]

What I use most is binance when it comes to support group they are fast to respond. Base from my experience when I have a problem regarding my withdrawal their support group is fast and very active. Actually, I don't know these days what's new on Bittrex because as far as I remember I use this long time ago. Comparing these two has it's own benefits to the users.

[Stasik111]

i'm not pretty sure that bittrex and binance should be compared - binance has huge volumes and mostly professional traders work there. regarding Bittrex I don't know their competitive features. In this category i'd prefer to choose cex.io - they have instant deposits and withdraw with payment cards, and they list defi tokens

[lienfaye]

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  .

About a year ago, Bittrex canceled all orders that were open for a long time. I did not like this behavior of the exchange, and I transferred my Deposit to Binance, which I was trading on at the time. It is these ridiculous decisions that lead to an outflow of users from Bittrex, as a result of which other exchanges get new participants.

If thats the case for Bittrex then traders will decide to switch for other exchanges once they encounter a problem o disadvantage on their part.

I dont have experience using Bittrex but based on the reviews and comments here, it was surpass by other reputed exchanges including binance.

Well for me I will use the exchange that I feel secure and convenient. I've been using binance and kuCoin everytime I trade and satisfied with their services.

[pokeronlinestatus]

Binance is more trustworthy than Coinbase honestly, if you check reddit for example (most free place I know) you will see that there are tons of people who got their money stolen from coinbase because they couldn't provide enough evidence that they are who they say they are.

It  means if I say I am Michael but turn out to be John Coinbase can keep all of my money. I understand that if I say a wrong name or act like I am someone else, that means we shouldn't do it and there should be "some" punishment for it, but it also doesn't mean that coinbase has all the rights to keep my money, they disguise it with "maybe you are a bad person who is money laundering and we will keep it for IRS and SEC" but they do not get it neither so Coinbase keeps it illegally.

[fortebettor]

Binance was simply the first and here is the right to be the first. This is supplemented by a clear strategy. Transparent rules and clear fees. No combination and with a good policy of holding chips and increasing the value of the BNB's own currency. To this various projects like business angels etc.

[Twinkledoe]

Binance was simply the first and here is the right to be the first. This is supplemented by a clear strategy. Transparent rules and clear fees. No combination and with a good policy of holding chips and increasing the value of the BNB's own currency. To this various projects like business angels etc.

And if I may add, Binance has their insurance for their customers, what you call SAFU - https://www.binance.com/en/blog/307883269744750592/Binance-Is-SAFU-7-Ways-We-Secure-Your-Assets-247

And they have no KYC if you are just having below 2 btc withdrawal daily. And this is good for small traders. Whereas, in bittrex, their KYC is compulsory for all levels. I stopped using bittrex a long time ago when they started to require KYC even for small traders.

[Xxmodded]

Binance was simply the first and here is the right to be the first. This is supplemented by a clear strategy. Transparent rules and clear fees. No combination and with a good policy of holding chips and increasing the value of the BNB's own currency. To this various projects like business angels etc.

I dislike from Binance when your account get abnonormal activity and should submit your KYC for withdrawing, how ever I still not trusted with many exchange take our data and not exist an exchange for long time, we found many exchange have been scam and run away many investor assets and how come if an exchange have to submit KYC, will be our identity take by exchange market if they have gone, will have guarantee for an exchange keep safety for document member and investor. Just our opinion with many exchange have new method for withdrawing without have submit KYC.

[justdimin]

Binance was simply the first and here is the right to be the first. This is supplemented by a clear strategy. Transparent rules and clear fees. No combination and with a good policy of holding chips and increasing the value of the BNB's own currency. To this various projects like business angels etc.

Yes and sometimes simplicity along with trust becomes such a combination that you don't need anything else. I have traded on more than 8-10 exchanges but I have never felt the same trust while trading coins as I feel with Binance and the platform is so easy to use that I hardly ever get stuck and if I ever did get stuck on something their support is just great because there are no bot replies to our questions and the support actually replies with good intent and positiveness.

I was a long time user on poloniex and cryptopia but after the latter got hacked/ran away I never used any other exchange apart from Binance because it is all my hard earned money and there is no reason to trust any exchange when there is a clear leader already existing in the face of Binance.

[LUCKMCFLY]

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From my point of view, in my beginnings my first account was made in Bittrex and I really liked it, also when I met Binance it caught my attention much more, besides that Binance has much more volume than Bittrex there was something that disappointed me about Bittrex , is that it banned the country where I reside, and it seemed in very bad taste because this is crypto, there should be no prohibitions for countries, however Binance did not do it and that generates confidence for those countries that handle considerable volumes of Bitcoin trading.

[lixer]

Binance was simply the first and here is the right to be the first. This is supplemented by a clear strategy. Transparent rules and clear fees. No combination and with a good policy of holding chips and increasing the value of the BNB's own currency. To this various projects like business angels etc.

I dislike from Binance when your account get abnonormal activity and should submit your KYC for withdrawing, how ever I still not trusted with many exchange take our data and not exist an exchange for long time, we found many exchange have been scam and run away many investor assets and how come if an exchange have to submit KYC, will be our identity take by exchange market if they have gone, will have guarantee for an exchange keep safety for document member and investor. Just our opinion with many exchange have new method for withdrawing without have submit KYC.

Actually you should get the account verified as soon as possible such that there should be no chance for the exchange to ask your KYC once you start doing big trades. I have been a long time user of Binance and I never had any issues with them at all because I have my account verified and I even use them as a wallet which I know is not a great idea as everyone says we must not use exchange as a wallet but it is just so easy to maintain portfolio there that I never felt the need to create separate wallets and it is too much of hassle.

Binance is without a doubt the leader in the industry right now and there are solid reason because a couple months or an year ago, I don't remember the exact time but they got hacked and lost funds but they never let their traders and people holding coins lose their money.

[risatrakib]

Binance is doing really well compared to other good exchangers like Bittrex,Kucoin,Coinbase Pro. Binance will become more powerful & popular in the next generation. Though bittrex came into the crypto world before binance but binance is now more popular than Bittrex.

[Sam-Os]

Bittrex is a has been. I'll tell you how Bittrex lost to Binance. It was because of Antshares (now called Neo). Around late Q2 early Q3 2017 Antshares was the hottest Altcoin and the BTC/Ant pair consistently had the highest volume on Bittrex. Bittrex did not give users their Antcoin (now called Gas) generated from holding Antshares and charged users 1 Ant for withdrawals. Binance came around and gave users their Gas and charge 0 withdrawal fees, a massive amount of Antshares community left Bittex and went to Binance which turned out to be a better exchange in general, the rest is history.

[DarkDays]

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.

First of all, crypto exchanges have revolutionised the way people trade their crypto assets.
The more the crypto space expanded the more there became a need to build an exchange platform that can enlist as many of the coins and provide the best possible rates for their customers.
To this date, there are several competing exchanges which many people use regularly, including Binance and Bittrex, among others.

Secondly, there has been a while now since Binance has 'supposedly' become the No. 1 crypto exchange, and for good reasons too. Below gives you a quick glance at Binance vs other crypto exchanges and how these compare together.

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

Lastly, the way I see it Binance still holds the advantage simply because it is ahead of Bittrex and other alike, but the question is how long can it sustain it and what will the next projects be  Guess only time will tell...

[pankowri]

I have been into crypto-currency for a long time now, probably I understand a 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 finance is really paving waves than Bittrex Exchange if am not mistaking.

Your opinion of how you see binance and bittrex in the next generation is welcomed.

You are comparing Binance and Bittrex in terms of finance. I am a long time user of both exchanges and got several profits from them for making successful trades.

For Bittrex, I got some bugs and they take more time to fix it. In this case, Binance is more active to fix its bugs asap.

We mostly got a high volume in Binance exchange but it rarely can be seen on Bittrex. But both are reliable, trustworthy to me.

Comparing to other exchanges, both are good and easy to use.  The interface of both exchanges is user friendly in their own way.

[jerry0]

If you are trading altcoins, isn't binance number one no matter what?