Why the hate on binance exchange

[GatotKaca]

i still rely a lot on binance exchange because there is no risk to trade,hold because they are giving maximum security to the customer's money where no other exchange can.
it's biggest crypto exchange in the world, so any one can feel jealous who's can not take anyone success. the only thing bothering, it is very difficult to complete kyc.

Yes, I believe this is related to a political issue that started with jealousy towards Binance.
it could also be related to the greed to collect some active taxes from binance which is indeed the largest crypto trading exchange. who doesn't see an opportunity to make money from a project like that?
this is bad, but everything will still be fine. Binance grew up with a large and strong community. hard to overturn it.

[harizen]

Is there any tangible reason why binance exchange is been hunted? It seems they just hate success or what?

I might be misinformed but can you lead me to some sources about this hate issue towards Binance?

As far as my own experience is concerned, Binance is doing good so far and probably no exchange in the next 5 years can dominate them as long as there are improvements on the way, continuous good customer support approach, and no bullsh*t  that might affect their reputation.

[BayAngelo]

it is centralized and sometimes they control the crypto market. as much as the token is in the top ten, they can manipulate the market allowing people to rush in to dump or buy. one good thing about finance the team is they has never indulge in any sales manipulation or try controlling crypto sales.the hate is because it the number one crypto digital exchange.

[TelolettOm]

Being the biggest cryptocurrency exchange means that all eyes focusing on it.

It is true, this is the big reason why some parties are intimidating Binance. As the number 1 crypto exchange, Binance is the icon of the success of crypto market existing. Those who hate crypto surely target Binance to be attenuated and restricted. They expect this will destroy the spirit of crypto users, but it's not. Crypto will always exist even without Binance, we have a lot of big exchanges already.

[the rise]

I'm sure binance has a lot of rivals, so some exchanges that are new or even old feel rivaled, there may just be some rivals of this binance who don't like it so they try to drop binance, but what a pu it is, I will give full support to binance.

[hichamito37]

Binance is the number one exchange in the world, there will be a lot of jealous people, it is inevitable. I am also really satisfied with binance, first of all the 3-layer security of binance makes me feel really secure when I store my assets. When complaints occur they solve the problems for users promptly and satisfactorily.

[Sithara007]

Binance is the number one exchange in the world, there will be a lot of jealous people, it is inevitable. I am also really satisfied with binance, first of all the 3-layer security of binance makes me feel really secure when I store my assets. When complaints occur they solve the problems for users promptly and satisfactorily.

Most of the opposition may come from two groups - the first group comprised of competitors (other exchanges, although I don't want to name them), and the second group comprised of scammers (promoters of scam ICO projects that were rejected by Binance, or people who use bots to manipulate the trade volume). Now they are such a huge business (with BNB having a market cap of >$50 billion), and it is natural to expect opposition from various sources. And in case they want to become successful in business, then they need to take care of this opposition (which I believe they are dealing well now).

[smartaction]

Is there any tangible reason why binance exchange is been hunted? It seems they just hate success or what? Anyways no matter what they try CZ is a determined fellow, that's why binance made it this far, it's my best exchange and won't be changing any time soon

Binance exchanger are built in such a way that they have features that other exchanges lag far behind. Due to its high security and fast exchange, everyone has confidence in it. And the binance team is constantly maintaining it and adding new features.  So it is always to be the best and biggest exchange

[Koro-Sensei]

Is there any tangible reason why binance exchange is been hunted? It seems they just hate success or what? Anyways no matter what they try CZ is a determined fellow, that's why binance made it this far, it's my best exchange and won't be changing any time soon

There's no hate happening to Binance. It's just that these countries are just trying to regulate and help its constituents in binance products like futures and stuffs like that. I also heard some rumors where Binance are trading against its users which is no evidence are found yet. It is quite absurd to think but if they truly doing that, its good for them to be in jail.

[bosede1]

From the way I see it I think for governments who have banned the trade of bitcoin in their respective countries and now getting to know that this citizen can actually access the crypto world using this binance as a link they will be wild knowing this fact and some other crucial reasons though known to them.

[jajorforce]

Is there any tangible reason why binance exchange is been hunted? It seems they just hate success or what? Anyways no matter what they try CZ is a determined fellow, that's why binance made it this far, it's my best exchange and won't be changing any time soon

You couldn't find any single person who doesn't love Binance and has a good reason to hate him. Only hate those people who don't like monopoly. Personally, I like every single service from Binance. I hate it because of our future. I know Binance will cost us more than now. I know because of this kind of situation I have been facing since Binance launched.

[Sayeds56]

Is there any tangible reason why binance exchange is been hunted? It seems they just hate success or what? Anyways no matter what they try CZ is a determined fellow, that's why binance made it this far, it's my best exchange and won't be changing any time soon

CZ has done great job by turning a small size Chinese exchange 5 years back  into world's leading exchange. It is an incredible job without any doubt. Its exchange coin BNB has shown more than 1000% growth in such a short period. They made wonders in every field of crypto industry so obviously their Business rivals will not digest this all and do everything to create hurdles on the way to further success but Binanace is too big to fail now and it will continue its growth journey..

[ILuckyGuyI]

As far as I know, countries are trying to prevent Binance from doing its activities because Binance denies to be audited by regulators. And this isn't fitting the goals of governments. Binance has been having some problems with countries like Germany, England and Japan. I hope that they solve these problems as soon as possible. It'd be really bad for the investors living in those countries.

[eaLiTy]

Binance is the number one exchange in the world of cryptocurrencies.
For me it is also like for many, besides that it has the best score: https://coinmarketcap.com/rankings/exchanges/

You cannot trust Coinmarketcap and expect everything related to Binance will be updated even if there is something negative because they own the website as they purchased them from the old team for $400 million.

I don't see any exchange outgrow it for a long time, as it is constantly updated to have the best products from a good exchange...

You never know, some of the major traded countries have banned Binance and asked to comply with the regulators but instead of complying they ran away and how long they will be running and Binance exploded into the scene recently and you will see another exploding like that which is willing to comply with the regulators and it is possible that it will surpass Binance as well .

[Woodie]

Is there any tangible reason why binance exchange is been hunted?

When you are the best you will always be a target and knowing very well that Binance exchange serves as one of the biggest centralized exchanges , the regulators all want a piece of them and maybe find a way to kill crypto through clamping down of exchanges.

It seems they just hate success or what? Anyways no matter what they try CZ is a determined fellow, that's why binance made it this far, it's my best exchange and won't be changing any time soon

CZ good fellow indeed,  and seems to be a step ahead.

[SeaSoul]

Binance is the number one exchange in the world of cryptocurrencies.
For me it is also like for many, besides that it has the best score: https://coinmarketcap.com/rankings/exchanges/

You cannot trust Coinmarketcap and expect everything related to Binance will be updated even if there is something negative because they own the website as they purchased them from the old team for $400 million.

I don't see any exchange outgrow it for a long time, as it is constantly updated to have the best products from a good exchange...

You never know, some of the major traded countries have banned Binance and asked to comply with the regulators but instead of complying they ran away and how long they will be running and Binance exploded into the scene recently and you will see another exploding like that which is willing to comply with the regulators and it is possible that it will surpass Binance as well .

While you are right that their ownership of the website could lead to some skewed statistics, I think they have put a lot of effort into the website to have a decently accurate picture of the current industry. When you check data about Binance I would say it is about right. Do you know someone who is in crypto and doesn't use them? Everybody uses Binance.

[OgNasty]

Is there any tangible reason why binance exchange is been hunted? It seems they just hate success or what? Anyways no matter what they try CZ is a determined fellow, that's why binance made it this far, it's my best exchange and won't be changing any time soon

They've since the beginning operated in an illegal way, but stayed ahead of enforcement while awaiting clarification of laws.  We've in the US seen Binance basically disappear, as I don't think Binance.us is ever run by the same company.  Now I see that Binance is being restricted from trading US stock tokens.  I'm surprised they had the balls to ever offer this to be honest, and I think it's an awesome development, but CZ and Binance have tested their limits and now they have to back down from regulators and see what they're going to be allowed to maintain going forward.

Also, people in crypto hate centralization and Binance has built the most centralized and groundbreaking company in crypto.  Their use of the BNB token is something that will likely be studied in economics and business classes for decades to come.

[no-ice-please]

Those hates will not prevail, Binance is doing great and helping the community and new investors to invest in Cryptocurrency, they have an academy on how newcomers can enter Cryptocurrency in the right way, and you can easily trade on Binance and all the coins listed are profitable they are the leaders in the exchange industry and competitors are trying to bring them down, but they are not going to suceed. 

That hate is probably going to prevail I believe. As I said before as long as they have such a large market share they will also have a lot of enemies. The edge they have over others is insane. I wonder how much CZ is making on a single day. That's where the jealousy kicks in probably.

I doubt that it is "only" about the amount of money they are making, it is also about the power they have. Sure the power they have turns into money when they use it, but also they are such a big place that whenever they list a coin that coin goes up so much and whenever they delist a coin that coin gets low so much, and that is just listing/delisting power they have, this is minor compared to all the power they have over all the other exchanges not making any money as well, they can decide to ruin a whole nations crypto exchange world, like they started working with my nation and all other places nearly went bankrupt as well, that is related to money but it is also power of binance as well.

Branding could always be awesome, that is why there are people who hate apple as well, apple is just making phones and computers, why would anyone "hate" something like that? I mean you may not own one, not prefer one, but "hate"? Really? Same logic here as well.

You can rarely distinguish money from power in this kind of environment. They use the money they have very wisely and effectively, pushing technology to the edge and beyond and building a global empire with offices in a lot of countries around the world. You can't attack them. If you attack them, they are just off to the next country. Since they make so much money, they can exert an enormous power over its competitors in all countries as you said. They don't even have to charge listing fees and can go so low with their trading fees that any other exchange couldn't even cover its operating cost. That is the issue when money- and power wise one company gets almost out of control. Binance is such a giant.

[stadus]

Also, people in crypto hate centralization and Binance has built the most centralized and groundbreaking company in crypto.  Their use of the BNB token is something that will likely be studied in economics and business classes for decades to come.

And no one that is love by all, even bitcoin, it's hated by the government and some county even ban the use of bitcoin, so even if BNB has a lot of haters, what's important is it progresses and grow as one of the leading coins in the market.

[Anonylz]

Haters will always hate especially when you are growing as a business and your popularity is advancing well, binance started from the bottom like every other business and work their way to the very top, not only that they were able to expand the scope of their business smoothly by introducing different ways of rendering services, people may accuse cz of playing dirty games but for a business to succeed some certain decisions must be taken that others may not find very pleasant, Elon did not get to the top by being polite. You must learn to take the bull by the horn, people will always critisize no matter what you do.