Binance Pros and Cons

Nothing, at all! I invested in Lite, Tron and BTC. I left my investment undisturbed. Last yr when the market took off I was told of the transfer between Binance and Binance U.S. Now, and after numerous emails they answer by pointing the finger at each other. Review collected by and hosted on G2.com.

During the time they say they transferred coins from Binance to Binance U.S. All of mine disappeared. I have emailed both Multiple times and they just point the finger at each other. Review collected by and hosted on G2.com.

Compared to the other exchanges, Binance has numerous great features, simple, easy, and fast. The most helpful quality of the application is P2P, and it gives the user plenty of options to buy or trade crypto either by Bank transfer, Visa, or MasterCard. Application security is a plus. Review collected by and hosted on G2.com.

The iPhone app of Binance consumes a large volume of mobile data. Review collected by and hosted on G2.com.

They provide almost all the listed cryptocurrencies to trade. They have high liquidity which makes it easy to execute orders quickly and with its high leverage one can trade with small capital. Review collected by and hosted on G2.com.

Nothing to complain about it, there is no way to deposit in the Indian fiat currency but you can deposit with wazirx free of cost. Review collected by and hosted on G2.com.

Binance has by far the most developed ecosystem of crypto financial services in the global cryptocurrency exchange offerings, as well as the highest trade volume across all exchanges around the world, the best liquidity, and the most extensive selection of both spot and futures trading pairs, as well as other derivatives products, for traders and investors or all types. The fees are extremely low and competitive, coming in at 0.10% for both market makers and takers of liquidity, and there is even a 25% fee reduction for holding native token BNB. Binance is my top choice of exchange by far. Review collected by and hosted on G2.com.

KYC is not required due to regulatory pressure and US investors are forced to use Binance US which has an ok selection of crypto, but functions as a different company, alebit using Binance's order books. US investors used to be able to use Binance with a VPN but in recent months KYC has been forced so can no longer do so. Nothing else to dislike about Binance besides this, great ecosystem and service. Support is even very responsive now. Review collected by and hosted on G2.com.

I think the best I have experienced working with the Binance platform has been handling futures with USDT, BNB and BUSD.

Especially the ease with which they provide you with information before handling the options. That gave me a lot of confidence. Review collected by and hosted on G2.com.

I did not like the following things.

Referral systems are everywhere. They should allow me to become a referral even if I already have an account.

Invitations are really everywhere.

Another thing that I don't like is their monthly activities, they almost always ask to share or like their pages and that no longer works for old users. Review collected by and hosted on G2.com.

It has a lot of services so if you are looking for something it's really probably Binance has it and you can use all those services.

It's a complete solution to start with cryptos. Review collected by and hosted on G2.com.

It has a lot of features but there aren't easy to find. Binance is so huge in services but it's very hard to start working with, the usability and the multiple features you can access by the start makes it very frustrating. Review collected by and hosted on G2.com.

I like this platform because it allows me to operate quickly and easily, has a very practical interface to understand in this world of cryptocurrencies, has options for both beginners and advanced traders, it is noteworthy that with its p2p and kyc function have come to make a magnificent exchange as anyone can exchange their crypto for currencies anywhere in the world safely and reliably. Review collected by and hosted on G2.com.

I have no complaints about it, for me they are excellent since I tried their platform, I always use it for trading. Review collected by and hosted on G2.com.

Binance has built a great infrastructure, keeping their “Markets” page as simple as possible. With a comprehensive listing of the currencies corresponding to their Markets and the necessary information. Binance offers a considerably higher in-depth analysis of the market movement. They have a dedicated “Overview” section with everything from graphs to Pie-charts whereas WazirX doesn’t give any analysis or summary of the market movements which is very informative and not often found in crypto exchanges. Review collected by and hosted on G2.com.

Binance, being an international exchange, levies high withdrawal and transactional fees. Trading on Binance is easy but the withdrawals cost too much and the earnings take a serious hit. Review collected by and hosted on G2.com.

The best for this platform is the easy process to set up and complete the application requirements , as this new filed many scammers can be find but with binance you will not face this issue. Customer service are very professional and patient they provide you with all necessary information and assistance , platform has different social media channels where you can be update with the industry changes and progress for me this number 1 platform Review collected by and hosted on G2.com.

Sometimes it not work in some countries , need more features to be added in some countries, adding portfolio progress to the platform will be agreat step to improve the overall experience Review collected by and hosted on G2.com.

The easiness of buying/selling crypto assets, at the same time the wide variety of tokens. Also the possibility of staking in the same platform. Finally, BSC fees are really good when it comes to transferring money from one account to another. Also, I used for the first time the wallet transfer which works between finance accounts of different individuals as a sort of quick transfer without fees, really liked it to pay to friends. Review collected by and hosted on G2.com.

I have had a few very bad experiences with futures. Very unethical when it comes to liquidating positions of the clients. I have had stop losses hit that have not been even close to the stop loss level and I have lost multiple positions for that reason. Once tried to speak with the customer service and the person asked me for proves, but of course, I do not take screenshots every time I am trading. Also, I compared the futures graphs with other platforms, and is absurd how much difference there is when there is a crash to liquidate positions. VERY BAD CUSTOMER SERVICE. Lack of access to customer service, there is no window to speak with someone. Review collected by and hosted on G2.com.