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Review on Binance by Gürdal Yildiz

Revainrating 4 out of 5

The most popular crypto exchange in the world

Binance is the leading company in the crypto market. Many users use and trust Binance due to its pioneering and high trading volume. It has both mobile and computer applications. I don't think it's too complicated to use apps. I think it's more intuitive than many other stock market apps. Binance also hosts many new projects that contribute to crypto technology. They organize a lot of events, but I can say that the recent events are for the benefit of themselves rather than the benefit of the users. For example, they recently unveiled their biggest event to date. The prize amount is said to be more than 1.8 million, but to participate in the event, we have to "buy and sell" some coins and we pay a high transaction fee to the exchange while doing these tasks. This shows us that the stock market is the winner, not us. They have organized many more events like this so I hope they give up this attitude. I wanted to say this as someone who wears this kind of thing.

I would like to say that when the market was very active, they made many users suffer. Due to the fact that their systems did not withstand the sudden influx of users, people with low VIP levels were unable to trade futures and other transactions and lost money. However, when we look at it, they seem to have learned a lesson from these problems, so I don't think such a thing will happen anymore.

I can say that one of the good things Binance has done is to try to keep good relations with the states. They do their work in this regard by observing the rules of the states. However, in a way I don't understand, some states are acting cold towards Binance. I think that such problems will not happen in the future. I think working like this is a positive thing for them and for the crypto market. The fact that the states do not look coldly and support this market will ensure that more users come to the market and it will be a more reliable place.

img 1 attached to Binance review by Gürdal Yildiz



Pros
  • Clear mobile and computer applications
  • Fast transactions
  • Leading some crypto technology, Funding some nice projects
  • Prospective studies
Cons
  • Bad user events
  • Having problem with some governments

Comments (1)

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August 11, 2023
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