# Binance Reviews **Vendor:** Binance **Category:** [Cryptocurrency Exchanges](https://www.g2.com/categories/cryptocurrency-exchanges) **Average Rating:** 4.0/5.0 **Total Reviews:** 196 ## About Binance Binance is a global cryptocurrency exchange platform, renowned for its extensive range of digital assets and comprehensive trading services. Established in 2017 by Changpeng Zhao, Binance has rapidly ascended to become the largest cryptocurrency exchange by daily trading volume. The platform offers users access to over 350 cryptocurrencies and more than 1,200 trading pairs across spot, margin, and futures markets. With a user base exceeding 304 million, Binance provides a robust and secure environment for both novice and experienced traders. Key Features and Functionality: - Extensive Asset Support: Binance supports a vast array of cryptocurrencies, enabling users to trade a diverse selection of digital assets. - Advanced Trading Options: The platform offers various trading modes, including spot, margin, and futures trading, catering to different risk appetites and strategies. - Security Measures: Binance employs advanced security protocols, such as two-factor authentication (2FA), withdrawal address whitelisting, and AI-driven risk monitoring. Over 95% of customer funds are held in cold storage, and the platform maintains a $1 billion Secure Asset Fund for Users (SAFU) to protect against unforeseen incidents. - User-Friendly Interface: The platform is designed with an intuitive interface, making it accessible for both beginners and seasoned traders. - Educational Resources: Binance provides a wealth of educational materials to help users understand cryptocurrency trading and investment strategies. Primary Value and User Solutions: Binance addresses the need for a reliable, secure, and comprehensive cryptocurrency trading platform. By offering a wide range of digital assets, advanced trading features, and stringent security measures, Binance empowers users to engage confidently in the cryptocurrency market. The platform's commitment to user education and support further enhances the trading experience, making it a preferred choice for individuals seeking to invest in digital currencies. ## Binance Pros & Cons **What users like:** - Users praise the **ease of use** of Binance, appreciating its intuitive interface and straightforward setup for trading. (8 reviews) - Users love Binance for its **low trading fees** , making every transaction more cost-effective and enhancing their trading experience. (5 reviews) - Users appreciate the **wide range of features** Binance offers, making trading convenient and efficient for everyone. (5 reviews) - Users find the **easy setup** of Binance to be seamless, enhancing their trading and investment experience. (4 reviews) - Users appreciate the **easy trading experience** on Binance, benefiting from its intuitive interface and robust features. (3 reviews) - High Trading Volume (3 reviews) - Rewards (3 reviews) - Users appreciate the **ease of use and high liquidity** on Binance, making crypto trading efficient and accessible. (2 reviews) - Crypto Variety (2 reviews) - Currency Variety (2 reviews) **What users dislike:** - Users experience **interface issues** on Binance, finding it complex and overwhelming, especially for beginners. (4 reviews) - Users find Binance's platform to be **overwhelming and complex** , making it challenging for beginners to navigate effectively. (4 reviews) - Users are frustrated by the **high withdrawal fees** on Binance, which can impact their trading experience. (2 reviews) - Users experience **poor support** from Binance, noting slow response times and inconsistencies during peak periods. (2 reviews) - Users express concerns over **security issues** on Binance, highlighting risks of scams and unregulated community interactions. (2 reviews) - App Instability (1 reviews) - Complex Processes (1 reviews) - Users express frustration over the **minimum withdrawal limit** on Binance's P2P platform, finding it restrictive and inconvenient. (1 reviews) - Users express concern over the **lack of transparency** regarding Binance's administration and token management processes. (1 reviews) - Limited Cryptocurrencies (1 reviews) ## Binance Reviews ### 1. Binance, risk being an integral and not dependent person. **Rating:** 5.0/5.0 stars **Reviewed by:** Pedro L. | Telecommunications Engineer, Small-Business (50 or fewer emp.) **Reviewed Date:** July 24, 2019 **What do you like best about Binance?** Many people will ask themselves how to be an independent person at an economic and income generation level, well for this case BINANCE appears, who is an Exchange that has the capacity to receive deposits, send money, buy and sell crypto currencies and exchange them, in this opportunity I tell you the testimony of my company, who next presented problems with banking entities and long time of answers in operations, well from one moment to another we decided to change and to adopt a different way of trading and we made use of binance who up to the present time has seemed to us genial since we are independent in such a way that now we can generate our own income realizing exchange of currencies. **What do you dislike about Binance?** To say that I dislike something would be a big mistake, since everything that binance does adapts to my needs as head of company, is a very complete application capable of satisfying all the requirements that as users any company or organization could require, binance is a few words is the best I have used. **Recommendations to others considering Binance:** I recommend it very well, I encourage all users to use it and investigate little by little about the great and wonderful benefits it offers to all the community that makes use of it, apart from everything there is a lot of material on the web of how to use it so it becomes very versatile use. **What problems is Binance solving and how is that benefiting you?** As I have repeated many times, the best solution that binance has given me is the economic independence and money transactions that I have been able to have, having a tool at hand that meets all your needs is very difficult and this I have achieved with binance, today I am grateful for having reached its roots and being able to grow so much in such a short time generating so many profits that have allowed me despite the difficult economic situation, meet the wage responsibilities of my employees. ### 2. How to use binance as an income generating tool **Rating:** 5.0/5.0 stars **Reviewed by:** Erickson R. | Transportation and Distribution Specialist., Small-Business (50 or fewer emp.) **Reviewed Date:** July 19, 2019 **What do you like best about Binance?** Binance has allowed me and the organization to generate extra income for the sustenance and massification of profits for the fulfillment of obligations with the workers, binance personally seems to me a great project, because it fulfills and covers all the aspects and vertices necessary to satisfy all the necessities. Binance includes modules for receiving deposits in crypto currencies, exchange of coins within the same platform with the amounts and balances handled by the company, exchange of coins, as well as can create purchase orders and sale, this application is really incredible, apart from it is also available for play store and works correctly. Translated with www.DeepL.com/Translator **What do you dislike about Binance?** The only thing that displeases me is that in the section of balances and balance, the balance is not updated only according to the increase or decrease of some currency, in this case I would like the information to be updated in real time, since for each user it is necessary to manage these data, since they will allow him to organize a little more their operations. **Recommendations to others considering Binance:** I fully recommend the use of this application, I believe this has been one of the most revolutionary tools in the world of crypto currencies, serving as a mechanism for buying and selling and receiving funds. Binance beyond a working tool is an excellent way to take advantage of the economic resources we have to multiply and invest. **What problems is Binance solving and how is that benefiting you?** It has benefited me and the organization in a very beneficial way, no doubt this application has become a springboard for the generation of extra income and a mode of saving and receiving funds, binance more than an exchange application has become my bank account and the organization, currently I am responsible for taking the finances and exchange activities in the institution where I work. ### 3. Binance and its simplicity. **Rating:** 4.5/5.0 stars **Reviewed by:** Quintin T. | Blockchain advisor, social media and pr strategist, entrepreneur., Small-Business (50 or fewer emp.) **Reviewed Date:** September 18, 2019 **What do you like best about Binance?** I personally enjoy Binance for its ease of use, not only is it very simple to sign up for but also has incredible safety features like 2 factor authentication and phone authentication. They provide a turnkey solution to the system of PoS ( Proof of Stake ) for many different crypto assets, giving the user the ability to earn passive income simply by leaving it in the on platform wallet. **What do you dislike about Binance?** There is very little I can say I dislike about the Binance platform, one of the only down sides of the exchange to me was that for a brief period of time they had banned the US customers from their services, which has now been lifted and the US is allowed once again. They also did allow the users who were in before the ban to retrieve their assets. This was probably the only downside i've experienced with their exchange platform. **What problems is Binance solving and how is that benefiting you?** As stated I love the turnkey solution to the issue of staking your assets for passive income as normally this requires extensive knowledge and money for personally owned DNS ( Dedicated Node Servers ) as well as massive downloads that take up large amounts of space on a computer or laptops hard drive. This solution has also helped and encouraged other exchanges start to do the same. ### 4. cryptocurrency trading **Rating:** 4.5/5.0 stars **Reviewed by:** Hector H. | Director musical, Small-Business (50 or fewer emp.) **Reviewed Date:** August 06, 2019 **What do you like best about Binance?** What I like most about this site is that it is very versatile, useful, many cryptocurrencies and many functions together, marketing of the currencies, trader, exchange and very useful for the markets and the best that has its own currency, the black color of the page is great, from the first moment I use it, that caught my attention it seems silly, but it gives a touch of seriousness **What do you dislike about Binance?** the website, is very strange, or does not have a good image, I do not understand with the naked eye, well I thought that when I started, then over time, we get familiar, The complexity of the exchange is not easy either, very small letters many signs, for a person who starts this complex the situation **Recommendations to others considering Binance:** This referral system could help the page a lot, because advertising would increase dramatically **What problems is Binance solving and how is that benefiting you?** have access to all cryptocurrencies and cryptocurrencies in one place, the exchange rate is great, something that very little happens in exchanges, If I realize that they have looked for a way to update the platform and look for more comfort, that deserves merit since this market is complex to understand, but with good ads that could improve ### 5. Great exchange **Rating:** 5.0/5.0 stars **Reviewed by:** Serhii S. | Project Manager & Transcreation Specialist, Marketing and Advertising, Small-Business (50 or fewer emp.) **Reviewed Date:** November 14, 2019 **What do you like best about Binance?** The thing I like the best is that you don't need KYC to trade and withdraw funds (the limit for 24 hours is the amount not more than 2 BTC). The other aspect is that you can change little amounts of various cryptos to Binance token - BNB and pay commissions using this token. **What do you dislike about Binance?** It's sometimes very hard to trade due to a great number of visitors - the exchange may not respond or respond with delays. This happens when new tokens are added. **Recommendations to others considering Binance:** You should give it a try due to low commissions and high security. **What problems is Binance solving and how is that benefiting you?** Trading and cryptocurrency exchange. ### 6. Best platform to keep your cryptos **Rating:** 5.0/5.0 stars **Reviewed by:** Muhammad A. | Postdoctoral Fellow, Small-Business (50 or fewer emp.) **Reviewed Date:** September 24, 2019 **What do you like best about Binance?** Its userfriendly website that allows maximum benefits to crypto traders compares to all competitors. The customer service is also very helpful. **What do you dislike about Binance?** I don't like the access to bots and robots doing the trading. I think it should be only allowed to humans. **Recommendations to others considering Binance:** I am satisfied with binance performance. I think the more crypto market will grow, the more useful feature will appear with the passage of time. Rest it is all perfect and I don't have any specific recommendations. **What problems is Binance solving and how is that benefiting you?** I manage my crypto assets there. ### 7. Binance, Excellent investment platform **Rating:** 4.5/5.0 stars **Reviewed by:** Juan C. | IT Engineer, Mid-Market (51-1000 emp.) **Reviewed Date:** July 28, 2019 **What do you like best about Binance?** For some years binance has been evolving more and more strongly, has increased its levels and volumes of use, becoming one of the main tools for exchange of cryptoactive, binance in the organization where i work is part of the most important economic capital management tools, has given its human capital an incredible potential for economic evolution never seen before, therefore many of its members adopted it as a personal tool for investment and capital generation. **What do you dislike about Binance?** I do not dislike at all, as it meets all the requirements that as an organization we demand, as well as the updates that have generated constantly have improved more and more this important tool. **Recommendations to others considering Binance:** If you are interested in entering the crypto world, use binance, it is one of the best exchanges in the market, your commissions are very low. **What problems is Binance solving and how is that benefiting you?** Binance has solved all the problems of economic dependence of the company, therefore the great majority of invoiced services are received by this portfolio that in turn handles a significant amount of crypto currencies making more useful the management of all these applications. I highly recommend to all my acquaintances and network users to use this tool, both for the version of cell phones and for desktops, both solutions work to perfection so with closed eyes I attest that the operation of them is perfect. ### 8. A very good platform for the exchange of cryptocurrencies **Rating:** 4.0/5.0 stars **Reviewed by:** Jonie F. | Software Developer, Information Technology and Services, Mid-Market (51-1000 emp.) **Reviewed Date:** July 17, 2019 **What do you like best about Binance?** I am very pleased that the servants of Binance are extremely stable and since I work with them, they have not fallen. In addition, it has many languages, among them is Spanish and English. I find the views they use excellent, both basic and advanced, because they allow you to start in this world from simple and precise diagrams, to entering the advanced graphics and reviewing it in detail. Binance can be thought of as a wallet, although always when it comes to storing large amounts of cryptocurrencies, I prefer the cold option which are the safest as hardware wallets Ledger Wallet or Trezor. Something very positive is the version for smartphones, it is really very stable and functional. On the other hand, thanks to its chart with TradingView you can customize a large number of parameters to obtain a better visualization. Finally, I have to say that the binance academy is amazing and a great invention for the newbies. **What do you dislike about Binance?** In my opinion this platform does not have a lot of negative points to deal with, although at one time they had a lot of coins that were not reliable and even then, they were commercialized. Something that should be added are the customizable currencies lists. Also, the new IEO does not like me very much, but the excellent quality of the platform makes up for it. **Recommendations to others considering Binance:** It has allowed me to advance economically. It is a great tool if you are a merchant. Taking into account the advantages and disadvantages that exist in the Binance platform, this is the best marketing Cryptos, totally recommended. I also recommend having the double authentication factor active, which makes the accounts much safer than before. Binance has demoted several times that in spite of security problems that exist all their valuables are safe, and they will respond for that. **What problems is Binance solving and how is that benefiting you?** The number of transactions they can make is very large, around 4.5 million transactions per second. Expand my investment opportunities with a broader range of assets. Something very interesting is that, if you like APIs or if you have a good mind for programming, you can easily configure robots to monitor the market for you and tell you when to do an exchange, others also offer this, but it is done more effectively in Binance ### 9. Binance Review **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Investment Management | Small-Business (50 or fewer emp.) **Reviewed Date:** October 01, 2019 **What do you like best about Binance?** The abundance of options for crpto assets for both selling and buying. Binance has the most crpyto assets available compared to any exchange out there. The ability to set limits, stops, convert between crypto assets. The volume is always large so it's easy to get fills with the execution platform. Duel factor authentication makes it secure and prevents hacking. The cost for trading is extremely low compared to other exchanges. **What do you dislike about Binance?** Have the ability to deposit fiat directly for trading instead of buying a crypto asset and then having to send to Binance for trading. This was bring many new customers I feel for accounts since it would be much faster. **What problems is Binance solving and how is that benefiting you?** Fast and safe execution, low latency of prices for my clients. Cheap trading commissions which do not eat into my client's profits. ### 10. Binance review... **Rating:** 5.0/5.0 stars **Reviewed by:** Harvest H. | Logistics Coordinator , Small-Business (50 or fewer emp.) **Reviewed Date:** April 30, 2019 **What do you like best about Binance?** About 2 years ago, this was the first 'real' exchange I used after graudating from newbie status on Coinbase. Since then, while i've used other exchanges for the occasional coin Binance doesn't have, about 90% of my trades happen here. **What do you dislike about Binance?** I both appreciate the high level of security, and sometimes find it frusterating. Having to login with my password, solve a puzzle, then get a text message with a code I put in, then get an email with a code I put in, can feel like overkill. Nobody wants logging in just to check their coins to be a 5 minute process. **Recommendations to others considering Binance:** Once you feel you've studied enough to call yourself an 'intermediate' level trader, Binance is the perfect next step. **What problems is Binance solving and how is that benefiting you?** Expanding my investment opprotunities with a wider range of crypto assets. ### 11. Binance, the exchange with the highest volume **Rating:** 4.5/5.0 stars **Reviewed by:** Stephan C. | Software Engineer, Computer Software, Mid-Market (51-1000 emp.) **Reviewed Date:** March 02, 2019 **What do you like best about Binance?** I have tried many Bitcoin exchanges and with the exception of about 3 or 4 all have the same problem and they do not have enough volume to sell or buy with liquidity, although in appearance it may seem that if the vast majority of its volume is fake produced by thousands of Bot. In Binance the opposite occurs because most people concentrate on this exchange, therefore their liquidity is very large. The best of Binance: - The CEO of Binance is a person who communicates constantly with the people of his platform and listens to his requests, especially on Twitter - Although it has been hacked before, the platform has always supported the funds of its users and has been completely transparent and given explanations about what happened. - The platform has the most important cryptocurrencies that currently exist, these are added through voting processes among Binance users. **What do you dislike about Binance?** One of the negative things about Binance is that being the exchange with the highest volume is constantly in the crosshairs of hackers so it is advisable not to store your coins in the exchange (really in any exchange) **Recommendations to others considering Binance:** I recommend using Binance if you are looking for an exchange to sell or buy one with a large amount of cryptocurrencies because Binance is the exchange with the greatest liquidity and volume that currently exist. **What problems is Binance solving and how is that benefiting you?** Sometimes due to my work through the internet some clients make their payments in cryptocurrencies so that it is necessary to sell the coins later in order to convert the cryptocurrencies to cash and make a withdrawal of funds to my bank. ### 12. Binance the new way to negotiate **Rating:** 4.5/5.0 stars **Reviewed by:** daniel v. | graphic designer, Mid-Market (51-1000 emp.) **Reviewed Date:** April 23, 2019 **What do you like best about Binance?** When we started to experiment in the world of the exchanges, they recommended us to use Binance and the truth is that it has been an excellent experience, its integration with several moderates allows us to be on the crest of the wave in this market, its high technology uses reliable exchanges are made and its low cost in the exchange is the best in terms of large volumes of transactions is concerned to turn it into a single model that is interesting to us at the moment. **What do you dislike about Binance?** To make withdrawals of cryptocurrencies take a long time, also the existence of information backup is commented. The condition of listed cryptocurrency makes it easy to be hacked, of course this can happen in any other, also here is virtual currency and you always have to be aware. **Recommendations to others considering Binance:** We recommend Binance to start making the world of virtual commerce of the future, there is much information where all this is explained of the cryptocurrency and you can learn very fast and I assure you that you will not want to leave this fascinating virtual world, but always clear is very aware of the ups and downs at the beginning you can lose something while you learn but then gains. **What problems is Binance solving and how is that benefiting you?** Currently with the exchange in cryptocurrency has been very easy to expand the business, customers have canceled us with cryptocurrencies in binance and its change we have obtained without problems and sales have been continuously higher. Claro is a new market and may represent risk but I think that with paper money have also excised this risk. ### 13. Reliable and safe exchange of Bitcoin and cryptocurrencies **Rating:** 5.0/5.0 stars **Reviewed by:** Luisa F. | Sub Manager Sales, Mid-Market (51-1000 emp.) **Reviewed Date:** February 18, 2019 **What do you like best about Binance?** Binance is an excellent exchange of cryptocurrencies that in recent months is enjoying tremendous popularity. Interest in cryptocurrencies grows more and more with each passing day. It is normal that at this point many users look for platforms where they can acquire cryptocurrencies beyond Bitcoin. This platform offers its users the possibility to buy and sell more than 100 different cryptypes at a very low commission per transaction. The platform can be used by any user from any part of the world and from any device or operating system. The platform can be used by any user from any part of the world and from any device or operating system. Binance applies the security protocols ISO / ICO 27007: 2013 and CCSS in its platform. Regarding the accounts, it offers users the option to activate double factor authentication through Google Authenticator to make deposits, withdrawals and modifications of personal data or account security. I recommend using long and secure passwords, activating double factor authentication and above all never storing too much funds in the account. And when it comes to storing large amounts of cryptocurrencies, the safest option is always the hardware wallets like Ledger Wallet or Trezor. **What do you dislike about Binance?** Binance is the most popular exchange that exists today and I have not yet found any negative point to highlight **Recommendations to others considering Binance:** Personally I have been using the platform for several months and have made multiple transactions without any problem. **What problems is Binance solving and how is that benefiting you?** Personally, it helps me to manage the cryptocurrency wallet of the company, since it is a job that I carry out continuously, so I feel safe managing funds, purchases and sales of cryptoactives through the binance platform. ### 14. New but reliable **Rating:** 4.0/5.0 stars **Reviewed by:** Dennis M. | Software Engineer, Small-Business (50 or fewer emp.) **Reviewed Date:** February 03, 2019 **What do you like best about Binance?** It is an exchange founded in China, very new still but has been gaining confidence among users, Binance was created after an ICO offer and the launch of the BNB token which pays lower fees on the platform, has assistance in several languages, allows trading with more than 100 cryptocurrencies, high liquidity, low commissions for transactions and withdrawals, has 2 ways to see the platform, basic and advanced, I prefer basic. **What do you dislike about Binance?** Binance has some problems in the app android, there are some delays in withdrawals, does not accept fiat money. **Recommendations to others considering Binance:** So far Binance has proven to be a very useful tool for trading with cryptocurrencies and is among the most reliable I use. **What problems is Binance solving and how is that benefiting you?** When exchanging cryptocurrencies the speed of the platform is a determining factor for the constant fluctuation of currencies, Binance has the capacity to process 1.4 million transactions per second. ### 15. Binance, an easy, cheap platform to exchange or trade cryptocurrency. **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Information Technology and Services | Mid-Market (51-1000 emp.) **Reviewed Date:** November 12, 2019 **What do you like best about Binance?** it relly is an easy to use trading platform, with nice pricing and great user security. It even supports wide range of cryptocurrencies to exchange! **What do you dislike about Binance?** Although I am an English speaker, their support only have limited languages. So getting a on-on-one customer support for foreigners may prove difficult **Recommendations to others considering Binance:** Go for it! A decision worth taking. **What problems is Binance solving and how is that benefiting you?** Trading my Etherium for Bitcoins, I am able to make some purchases on the net. ### 16. Leading Crypto Exchange Doesn't Disappoint **Rating:** 4.5/5.0 stars **Reviewed by:** Saul J. | Director, Small-Business (50 or fewer emp.) **Reviewed Date:** February 07, 2019 **What do you like best about Binance?** There is a wide range of cryptocurrencies. The exchange is easy to use and orders are fulfilled quickly. The affiliate program allows you to earn fees on trades made by those who sign up using your link. There are a variety of login security measures. There is an excellent facility to consolidate small balances of various coins into a single larger balance of one coin. **What do you dislike about Binance?** Sometimes the exchange slows down when busy. Does not list all alt coins. There is no charting functionality. Transaction fees for credit/debit card purchases are high. **Recommendations to others considering Binance:** Binance is the largest exchange for a reason. It is the best mix of low fees, wide range of listed currencies and functionality available **What problems is Binance solving and how is that benefiting you?** Some suppliers provide discounts for purchases made using cryptocurrencies which can be facilitated through Binance. ### 17. Best Quality Exchange **Rating:** 4.5/5.0 stars **Reviewed by:** Michael V. | Home Health Specialist, Small-Business (50 or fewer emp.) **Reviewed Date:** December 11, 2018 **What do you like best about Binance?** From someone who has used them all, Binance is the best quality exchange today. I'll call it today's Amazon of crypto. 1999, Amazon, that is. Because today Coinbase is obviously the king of the market, just like eBay was in 1999. Amazon was a distant second in terms of use. That's how Binance is, and I fully expect it to be the main platform of the future, barring any unforseen circumstances. They have a massive selection of coins, halfway decent customer service (get used to it, that alone is rare in the exchange world), and a large, growing, welcoming community that can make anyone a contributor of information regarding the various projects listed on the site. **What do you dislike about Binance?** It is based in Asia, so good luck if anything ever happens, say they get hacked or something, no FDIC to protect foreign investors, but the same could be said of practically every exchange. The difference is that Binance is so powerful, that its demise would affect an over-sized portion of the market in a large, negative way. However under current leadership, I don't really see anything bad happening. They are doing a good job. Just remember, this is crypto, anything can happen, keep as many of your own private keys as possible! **Recommendations to others considering Binance:** It's the most user friendly and GUI product available on the market today. Don't be afraid to participate in their competitions, I used to think that there's so many people here that I could never win, but I have a couple of times! if not enough people play, you are automatically one of the winners just for meeting the min. requirements. **What problems is Binance solving and how is that benefiting you?** Long term hold platform for smaller assets, and depending on risk, larger assets. Possible to do quick sells when those "buy the rumor, sell the news" moments come up. Also if you are API inclined or have a mind for that kind of stuff, you can easily set up robots to monitor charts for you and tell you when to make a trade. Others offer this too but it is most effectively done on Binance. ### 18. Binance is a cryptocurrency exchange for all types of traders. **Rating:** 5.0/5.0 stars **Reviewed by:** Sabah B. | Brand Ambassador / Content Marketer, Small-Business (50 or fewer emp.) **Reviewed Date:** December 04, 2018 **What do you like best about Binance?** The interface is very easy to navigate, there are all the major coins listed, and many have multiple types of pairings. The company is very dedicated towards making the exchange the premier source for trading-- there are many trading events all the time, and coin approval doesn't come without solid review. This allows for an exchange where every coin on it is considered to some degree legitimate. **What do you dislike about Binance?** There is no way to margin trade with the exchange in comparison to other exchanges. So for any advanced traders that are looking to leverage money it is not possible with Binance. Also sometimes there will be issues where the platform crashes because of larger volume and many will not be able to access it. **Recommendations to others considering Binance:** Try and use the info section to learn about the coins on the platform, there are also heavy in-depth explanations of how to trade on the exchange. Also note that there are no direct fiat deposits for Binance, so you have to transfer from another source into Binance to begin trading. **What problems is Binance solving and how is that benefiting you?** Binance allows businesses a clear platform to be able to see accurate coin prices. Binance also has an extremely informative info section that teaches about the coins that it has listed and also how to trade. ### 19. Excellent cryptocurrency exchanger, easy to use and versatile **Rating:** 4.5/5.0 stars **Reviewed by:** Miguel G. | Web programmer, Mid-Market (51-1000 emp.) **Reviewed Date:** February 03, 2019 **What do you like best about Binance?** I like that it is very simple to use, in addition to accepting a large amount of cryptocurrencies, and has a rigorous process of selecting these coins that exist in the exchanger to avoid any type of fraud. I think they are constantly expanding to new markets, and expanding their technological capacity. In addition to that soon begin to accept fiat money, something that not all exchangers can do. Also the commissions of this platform are really very low, both when trading and when depositing. To extract if it is more costs, but still remain low **What do you dislike about Binance?** I do not like that when the market is very volatile sometimes the platform can be slow, having many users doing exchanges in the same currency may be the case that the platform slows down **Recommendations to others considering Binance:** I highly recommend this platform since it is simple to use, very friendly and with low commissions to make movements, it is also useful for quick purchases and sales. Lately they have improved their system, and little by little they continue improving it, these are points in favor for this company since the constant renewal of technology is always important. Everyone who needs to exchange cryptocurrencies should try this platform **What problems is Binance solving and how is that benefiting you?** This software helped the company to acquire the necessary cryptocurrencies for the purchase of certain services that were sold almost exclusively through cryptocurrencies, that's why the service provided by the exchanger was a great help for these acquisitions made ### 20. excellent exchange for cryptocurrencies **Rating:** 4.5/5.0 stars **Reviewed by:** Jesús B. | Especialista sénior, Small-Business (50 or fewer emp.) **Reviewed Date:** January 23, 2019 **What do you like best about Binance?** starting with being the largest cryptocurrency exchange currently, that has generated a lot of confidence (very important in this business), offers a lot of exchanges starting with BTC, ETH, USDT and the best option that is BNB (Binance Coin) . The incorporation of BNB to your exchange was a great relief for the traders that are managed there, because their promotion of 50% discount is the best in the market, as long as you use your coin. The new incorporation of the launchpad for the purchase of new icos, gives greater security to the investor for the prestige of binance. In addition the binance academy is the best that could be invented for the newbies, It also incorporated a site of alerts in the phone version that I like very much, as well as the improvement of the graphics on the phone **What do you dislike about Binance?** the use of bnb has its pros and cons, if you do not use the bnb for the exchange, the fees are high and there are repels of coins that become a little uncomfortable when making the trading. I consider the second level of verification a little unnecessary. I think that with one level is more than enough **Recommendations to others considering Binance:** I recommend its use only if you are interested in the cryptocurrency market only **What problems is Binance solving and how is that benefiting you?** It has allowed me to advance economically. It is a good opportunity to make money and pay for my studies for my career and contribute to the company ### 21. Very intuitive and simple interface **Rating:** 4.5/5.0 stars **Reviewed by:** Christopher P. | Cryptocurrency Trader, Small-Business (50 or fewer emp.) **Reviewed Date:** February 08, 2019 **What do you like best about Binance?** Binance allows to operate with more than 100 cryptocurrencies in real time, has a very intuitive and simple interface for those starting in this business and more advanced tools for expert traders, has a very attractive system of fees, paying with BNB there is a 50% discount the first year, very convenient. **What do you dislike about Binance?** The app has never worked well and sometimes withdrawals take a long time. **Recommendations to others considering Binance:** It is a very good platform where you can make transactions quickly and easily. **What problems is Binance solving and how is that benefiting you?** It's an exchange that gives me access to many cryptocurrencies at a low fee, plus it's safe and fast almost always. ### 22. Ease of using Binance **Rating:** 4.0/5.0 stars **Reviewed by:** Shantanu M. | Web Developer Parttime, Computer Software, Small-Business (50 or fewer emp.) **Reviewed Date:** December 04, 2018 **What do you like best about Binance?** The best part of binance is the ability to trade a large variety of cryptocurrencies with low transaction costs. The interface is fairly straightforward, and the detailed data given by Binance is helpful for new traders. **What do you dislike about Binance?** Binance can be very slow in terms of website updates, profile authentication, and the like. **Recommendations to others considering Binance:** The users of binance are generally happy with its implementation, but I would argue that they still have a lot of work to do in terms of picking specific cryptocurrencies for trade on their platform. The wide variety is good, but only if the coins are trustworthy so to speak. Of course, this is just my own personal opinion. **What problems is Binance solving and how is that benefiting you?** I haven't solved any business problems so to speak, but I have realized the benefits in diversifying my portfolio. ### 23. Review **Rating:** 4.5/5.0 stars **Reviewed by:** Fabiana P. | IT Specialist, Mid-Market (51-1000 emp.) **Reviewed Date:** July 24, 2019 ### 24. Binance is the leader of its industry **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Computer Software | Small-Business (50 or fewer emp.) **Reviewed Date:** December 04, 2018 **What do you like best about Binance?** Binance actually understands the mindset and ethos of the crypto-community and the mantra of decentralization, it's no wonder that they have the highest trading volume in the world while being a relatively new exchange. Instead of applying the rules of the old paradigm to centralized cryptocurrency exchanges, they actively take steps to be the best in their field by building a DEX instead of fighting against the same core principles that underpin the technological value of cryptocurrencies. Their efforts to develop risk management and anti-fraud procedures underpin the attention to detail they spend in getting the small details right by focusing on R&D. **What do you dislike about Binance?** Uhh, Binance is doing great. Great vision, implementation, thought leadership, marketing, etc. I'm impressed by the platform's emphasis on anti-fraud measures, trading simplicity, branding, and community outreach. The most professional hackathon I've ever attended was sponsored directly by Binance labs and I find myself impressed by the organization's commitment to being a branded player in the community. **Recommendations to others considering Binance:** Use it. **What problems is Binance solving and how is that benefiting you?** As a trader, Binance offers the rare opportunity of a reasonably secure marketplace free of scam-coins or low quality projects. As a blockchain engineer, Binance is an example of an impressive business hybrid that capitalizes on the old while ushering in a new era. As such, its profits and reputation have increased accordingly. ### 25. Binance review **Rating:** 4.5/5.0 stars **Reviewed by:** Brian F. | Planner, Enterprise (> 1000 emp.) **Reviewed Date:** December 04, 2018 **What do you like best about Binance?** Binance is the most popular exchange and also has the highest volume of all exchanges. Binance is known for causing coins to pump incredibly high upon listing. They also have incredibly secure cold storage wallets called "trust wallet". Binance also recently announced that they would donate all listing fees to charity. **What do you dislike about Binance?** Sometimes random coins get picked by groups to have a large pump for seemingly no reason. **Recommendations to others considering Binance:** It is a great place to trade. The top exchange by volume and some would say by security as well. **What problems is Binance solving and how is that benefiting you?** High liquidity and access to quality projects. Secure storage and a very professional team with an all star CEO that enjoys engaging with the community. ### 26. Binance is the best **Rating:** 4.5/5.0 stars **Reviewed by:** Kim F. | Finance & Administration Manager, Enterprise (> 1000 emp.) **Reviewed Date:** December 04, 2018 **What do you like best about Binance?** Binance is the best exchange ever. The numbers don't lie and Binance has the highest volume of all exchanges! The security, user experience and available tokens all make this a great place to trade. **What do you dislike about Binance?** Sometimes random projects get a lot of hype for no reason and then crash. **Recommendations to others considering Binance:** Binance is great. They have the highest volume of all exchanges. This will significantly help you as a trader. **What problems is Binance solving and how is that benefiting you?** Anyone looking for an exchange with high liquidity and access to great tokens should look no further. This has helped me significantly in trading with speed and getting the best deals or sales. ### 27. Binance is simply the best **Rating:** 4.5/5.0 stars **Reviewed by:** Friedman L. | Consultant and Educational program presenter, Hospital & Health Care, Enterprise (> 1000 emp.) **Reviewed Date:** December 07, 2018 **What do you like best about Binance?** Binance is the top exchange by volume but also in quality and the amount of resources available to their users. One of the most interesting things they've done recently is launch Binance academy which provides free education and insights into all the coins that they list. **What do you dislike about Binance?** There was a lot of speculation about projects being charged very high listing fees to get on Binance. However, they seem to have acknowledged this and now donate the listing fees to charity. **Recommendations to others considering Binance:** Binance is the top exchange by volume for good reason. An incredibly user friendly experience with the added bonus of free educational resources to help make informed decisions. **What problems is Binance solving and how is that benefiting you?** Binance is a great exchange for traders/investors of all levels. A new investor can learn a lot with the free educational materials and a seasoned trader has access to the highest volume of any exchange. ### 28. Binance - mostly frictionless platform for trading many cryptocurrencies, or "altcoins" **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Newspapers | Small-Business (50 or fewer emp.) **Reviewed Date:** December 06, 2018 **What do you like best about Binance?** Some exchanges, like Coinbase, offer a select few cryptocurrencies for trading. Binance goes the other way, offering hundreds. Trading altcoins isn't for everyone, but for those who do, Binance is the most popular platform in the digital assets space as of 2018 - one year after its launch. **What do you dislike about Binance?** Binance's popularity makes it a huge target. It looks like the exchange spends big on security and defenses, but still, hackers can be pretty genius, and exchange hacks in the pasts suggest a centralized Binance will remain targeted. This isn't being said to scare anyone off, it's just best to recognize that hackers are always probing. To their credit, Binance has held up their defenses adeptly so far. **Recommendations to others considering Binance:** One should always use exchanges at their own peril. But Binance is a leader for now because people like its offerings. Give it a try and you may like the experience too. I don't recommend keeping assets on any crypto exchange for indefinite periods of time. **What problems is Binance solving and how is that benefiting you?** The advantage has been mainly seen in the ease of making small trades or studying order books by individual team members for analyses. ### 29. One stop shop **Rating:** 4.5/5.0 stars **Reviewed by:** Reggie R. | Teacher, Education Management, Small-Business (50 or fewer emp.) **Reviewed Date:** December 05, 2018 **What do you like best about Binance?** I can get most of the coins I want. They have some of the cheapest fees if you use their token when trading. They are also one of largest exchanges which gives them high liquidity. **What do you dislike about Binance?** They need to list the average price I paid for the coin in their funds balance page. Too often I find myself hastily flipping between pages before I initiate a buy or sell. **What problems is Binance solving and how is that benefiting you?** One stop shop for all. ### 30. i love this Crypto exchange **Rating:** 5.0/5.0 stars **Reviewed by:** Rinkal D. | Web Developer, Computer Software, Mid-Market (51-1000 emp.) **Reviewed Date:** September 01, 2018 **What do you like best about Binance?** Every things is good about this exchange. no fake coins ,easy use ,lot of bounties, charts are really good too . and it,s very secure. plus there is 25% off in treading fees when you use BNB coin as fee. **What do you dislike about Binance?** There is nothing much to dislike about it. **Recommendations to others considering Binance:** This is the best crypto exchange i have ever found . it has almost all top coins . it,s very user friendly if you are doing crypto trading and not using Binance you should definitely give it a try. **What problems is Binance solving and how is that benefiting you?** i am using it as Crypto currency treading platform . it,s very beneficial if you are a trader. it make earning money so easy. ### 31. Best cryptocurrency exchange! **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Internet | Small-Business (50 or fewer emp.) **Reviewed Date:** December 05, 2018 **What do you like best about Binance?** Binance is probably the best cryptocurrency exchange out there. It offers a large selection of tokens and UI interface is both reactive and easy to use. I have never had any issues with deposits and withdrawals. They are fast and fees are relatively reasonable. Support is also top notch compared to competitor platforms. **What do you dislike about Binance?** They can take time to list some new tokens and listing fees are high. Certain tokens have high withdrawal fees. **Recommendations to others considering Binance:** I highly recommend this exchange. Reliable and safe to use. The gold standard of crypto exchanges. **What problems is Binance solving and how is that benefiting you?** Fast and reactive trading of tokens. ### 32. Binance is a useful crypto platform for newbies and experts alike **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Internet | Small-Business (50 or fewer emp.) **Reviewed Date:** February 19, 2019 **What do you like best about Binance?** I like the amount of trading pairs available and the liquidity **What do you dislike about Binance?** Too many captchas on the mobile app or when using vpn **Recommendations to others considering Binance:** use BNB for fee discounts **What problems is Binance solving and how is that benefiting you?** Binance allows me to trade all my liquid crypto pairs on one exchange ### 33. Crypto Exchanges at Market Rate **Rating:** 3.0/5.0 stars **Reviewed by:** Verified User in Internet | Enterprise (> 1000 emp.) **Reviewed Date:** September 13, 2018 **What do you like best about Binance?** Market Binance allows smooth withdrawal smoothly and very fast help. and I like the trade here. It is a very versatile and efficient market that offers a variety of very required options and interesting, in addition to offering a high security of the funds that we found in it, on the other hand it always keeps innovating something that is very important in the technological sector **What do you dislike about Binance?** it has some details that it must polish so that it can reach the maximum efficiency and effectiveness that it needs.Verification process is so hectic. User has to put a clear image as well as the login link doesn't work sometimes. User has to write "binance with name and date on it. If the user doesn't have computer with clear webcam the user won't be able to get verified. **Recommendations to others considering Binance:** Support takes time to reply, probably due to large amount of requests and incidents. Probably adding more manpower once their company grows bigger will helpful. This will eventually help them cater faster to requests and eventually improving their total customer experience. Binance should improve the voting mode. Instead of just allowing a top coin to be listed, you should accept two or three coins to help dealers make more choices. It is very expensive when retreats are made. the verification system leaves a lot to think about **What problems is Binance solving and how is that benefiting you?** I am a personal user trying to balance out my investments by diversifying out of usual equity stock. ### 34. User friendly **Rating:** 5.0/5.0 stars **Reviewed by:** Alejandra M. | Business Liaison, Research, Small-Business (50 or fewer emp.) **Reviewed Date:** September 14, 2018 **What do you like best about Binance?** Binance has alot of options for crypto lovers. There are low fees and multiple options for currencies as well. The site is very user friendly once you know how everything works. **What do you dislike about Binance?** Binance uses alot of options and buttons that alot of people dont trult understand what they mean. I personally have a hard time sometimes understanding the conversion for currencies. (Maybe a quick tour in the beginning would be nice?!) **What problems is Binance solving and how is that benefiting you?** Binance is super easy and user fiendly that almost everyone can understand. As opposed to gdax, binance is alot easier to understand and handle. If crypto is the future of our currency, then binance is the central network for it. ### 35. Best crypto exchange for ALT coin trading **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Investment Management | Small-Business (50 or fewer emp.) **Reviewed Date:** June 19, 2018 **What do you like best about Binance?** Large number of trade pairs Low trading fees using BNB coin (50% discount in the first year, 25% in second) Very nice mobile app Good security setup and 2FA Easy account setup with no verification for LV1, limiting transfers to 2 BTC in 24hr period Good volume across many trading pairs, offering possibility for day trading on the more popular coins **What do you dislike about Binance?** Trading options are basic, just basic market, limit and stop-loss. Web site will lag or stop responding on high volume trading spikes No fiat trading pair or transfer, must use Tether (USDT) which is a little suspect in regard to it's liquidity Trading and withdrawal minimums and fees for some alts make it expensive to move them from wallet to exchange and back. **Recommendations to others considering Binance:** Very good place to start trading with ALT coins in low volume. While Binance is not registered exchange in the US it is at this moment probably the safest to use and compared to some US based exchange that offer larger number of coins to trade, it has much better fee setup and reputation for solving problems and support **What problems is Binance solving and how is that benefiting you?** At the moment this is just a private use and Binance is primarily geared towards individual and retail investor and beginner traders ### 36. Binance review **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Information Technology and Services | Small-Business (50 or fewer emp.) **Reviewed Date:** December 05, 2018 **What do you like best about Binance?** The wide variety of coins they offer, their swift action against shady tokens. **What do you dislike about Binance?** Inability to withdraw USD to bank account. Still have to use coinbase in the end. **Recommendations to others considering Binance:** Start with a more basic exchange first. It's overwhelmed some of my friends newer to crypto. **What problems is Binance solving and how is that benefiting you?** With its wide choice of coins i've been able to stop using some smaller, less trustworthy exchanges. ### 37. confusing but full of features **Rating:** 3.5/5.0 stars **Reviewed by:** Russell A. | Sole Proprietor, Small-Business (50 or fewer emp.) **Reviewed Date:** September 23, 2018 **What do you like best about Binance?** The real time information and the number of different currencies available. **What do you dislike about Binance?** The somewhat user-unfriendly interface. The leftover currency bits that amount to lost money. **Recommendations to others considering Binance:** Watch YouTube videos on how to use it. **What problems is Binance solving and how is that benefiting you?** So far, due to fluctuations in the market, I have not been able to solve any problems - yet - using Binance. ### 38. Many crypto choice availability **Rating:** 4.5/5.0 stars **Reviewed by:** Bryant B. | Network Engineer, Computer Networking, Small-Business (50 or fewer emp.) **Reviewed Date:** September 14, 2018 **What do you like best about Binance?** I can have all my cryptos in one place. Also its user friendly. Cheaper fees than coinbase. **What do you dislike about Binance?** The multifactor authentication could be improved. **What problems is Binance solving and how is that benefiting you?** Having all crypto traded on one helps isolate delays in switching through other platforms. ### 39. Great exchange with high moral integrity and solid software. Customer supports is lacking **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Internet | Small-Business (50 or fewer emp.) **Reviewed Date:** December 05, 2018 **What do you like best about Binance?** They provide excellent software with and industry leading UX. **What do you dislike about Binance?** They have poor customer service, especially for Westerners **What problems is Binance solving and how is that benefiting you?** Being able to access a wide range of currencies and trade with advanced trading tools. ### 40. funds are safu **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Writing and Editing | Small-Business (50 or fewer emp.) **Reviewed Date:** December 05, 2018 **What do you like best about Binance?** Simple to use, wide range of trading options, very secure exchange. Track record within the community. BNB token to save money on fees and to elminate dust in account **What do you dislike about Binance?** Nothing in particular, it is an Asian company so there can be a disconnect between some users and the company itself occasionally **What problems is Binance solving and how is that benefiting you?** taking advantage of trading opportunities ### 41. Most secure exchange for alt-coins. **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Marketing and Advertising | Small-Business (50 or fewer emp.) **Reviewed Date:** September 12, 2018 **What do you like best about Binance?** I enjoyed the large selection of alt coins, as well as a well thought out (secure) onboarding. It’s helps weed out scammers. **What do you dislike about Binance?** The native iOS app crashes from time to time. You have to rely on a third party app and use there secret key & api for the feeds. **What problems is Binance solving and how is that benefiting you?** At my old agency, our employees all pitched in for a small crypto fund. Unfortunetly everyone lost their money in the crash. Lol ### 42. Binance Exchange **Rating:** 4.0/5.0 stars **Reviewed by:** Sharan Y. | Identity & Access Management Architect, Mid-Market (51-1000 emp.) **Reviewed Date:** August 15, 2018 **What do you like best about Binance?** Good number of coins that can be traded. Dashboard is great and easy to understand for trading. The best security features along with MFA. **What do you dislike about Binance?** The fees are high and I see market orders take time. **Recommendations to others considering Binance:** Great exchange and good dashboard. **What problems is Binance solving and how is that benefiting you?** Just daily trading and use wallet as a store ### 43. Binance coin market **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Mid-Market (51-1000 emp.) **Reviewed Date:** August 20, 2018 **What do you like best about Binance?** ease of use, and info in one glance - also speed when placing a trade. **What do you dislike about Binance?** lockouts when too many people are signing on and using **What problems is Binance solving and how is that benefiting you?** Business investments, trade and purchases, exchanges amongst various coin markets for crypto currancy ### 44. Bad UI, but overall better than Bittrex **Rating:** 2.0/5.0 stars **Reviewed by:** Verified User in Investment Management | Small-Business (50 or fewer emp.) **Reviewed Date:** August 14, 2018 **What do you like best about Binance?** They are quick to list new crypto. I like that they have a variety of ways of exchanging one crypto for another. I like that their sell orders are percentage based. **What do you dislike about Binance?** I would prefer it to be darker, more physical buttons (1 hour, 1 month, etc), more technical analysis indicators. **Recommendations to others considering Binance:** Give it a go! **What problems is Binance solving and how is that benefiting you?** It's a better way of investing your money than keeping it in a bank account. ### 45. Top Fintech Exchance **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** June 13, 2018 **What do you like best about Binance?** They best vet the projects to maintain a great offering of investments. **What do you dislike about Binance?** Not much to say here. They have become the top exchange for a good reason. **What problems is Binance solving and how is that benefiting you?** Secure platform that has handles scaling in an amazing way/. ### 46. EASY CRYPTO EXCHANGE **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Automotive | Small-Business (50 or fewer emp.) **Reviewed Date:** April 25, 2018 **What do you like best about Binance?** Binance let’s you pay fees in Binance tokens. They equate to half of other fees. Also, once a quarter, they burn 25% of the fees they collect. Making your remaining binance coins more valuable. **What do you dislike about Binance?** There are so many cryptos listed, it does get combersome. 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