Review on Binance by Murat Mircalı
My deep thoughts about Binance
Chinese crypto exchange.
You know, we have a bad impression of "made in china" in our minds, these guys are doing a job that can destroy this impression right now.
I am a member of most of the well-known crypto exchanges. I have yet to see the "support" part functioning like these. While bittrex has not responded to the tickets I have opened or tweets I have posted for 40 days, these guys respond to anything within 24 hours.
I asked about the stop loss incident as soon as I signed up. They said that the studies are continuing and will be added as soon as possible. When verification was delayed, I wrote to support. The guys had live support via telegram and they directed them there. It resolved in 5 minutes. commissions are very low compared to alternatives. If you activate binance's own coin bnb payment option, it charges 0.05% (5 out of 10 thousand) from transactions.
The interface is also quite plain.
In addition, although there is a wide portfolio of altcoins, there are still 2-3 well-known altcoins. but new ones are added every day. Of course, there are also a few altcoins that are nowhere but only here. and no volume issue either. It ranks 5th among all exchanges in total volume, according to coinmarketcap data.
Of course, all exchanges have similar risks. Nobody knows what will happen tomorrow. No exchange private key is as secure as your wallets. however, you are not able to keep your crypto in the wallet for trading. You have to keep it in the stock market. Frankly, it gives me more confidence than bittrex and poloniex, which did not respond to support requests for months, and bitfinex, which did the of the tether business. The only downside is the limited deposit options.
Pros
- They provide very good support
- The interface is quite plain.
- Quite safe
- Low fee
- many cryptos - altcoins
Cons
- Limited deposit options.
New products
Comments (1)
October 17, 2020
I do not agree with you about the support given. once it took them more than 2 days to clear a simple mistake. I talked to many different customer service representatives within 2 days, but none of them took steps to solve my problem. I had a lot of damage within 2 days.
