Binance Reviews & Product Details
Binance is a preferred crypto trading platform from Bitcoin to NFTs. Binance is a well-known crypto trading platform for its low fees. It provides unique access to proprietary cryptocurrency, BNB, which lets users buy and sell other coins. For users who want to delve into crypto trading swiftly, Binance is a great option, particularly for those with limited budgets.
| Capabilities |
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| Segment |
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| Deployment | Cloud / SaaS / Web-Based, Mobile Android, Mobile iPhone |
| Training | Documentation |
| Languages | English |
Binance Pros and Cons
- Low instant and non-instant buying fees so you can get started fast.
- Extremely popular app with a fantastic reputation.
- Proprietary cryptocurrency for convenient buying and selling with minimal fees.
- Expensive for credit and debit purchases.
- Not available in some parts of the US.
- No crypto-to-crypto.
I was attracted to the platform because of it seemed to support many more alt coins that other platforms. This ended up being my mistake.
I do not like that they freezed my account without any advanced warning and any notification whatsoever. I am a US based customer and my account features have been disabled and I'm not able to convert the alt coins or withdraw them. The FAQ pages advised to open a US account, which I did but am still frozen and not about to access my assets. I've been on a mission for 3 days straight just trying to contact someone, I've submitted several support tickets and have literally waited on their support chat 3 times for over 10 hrs each and get booted off. This site initially appeared legit to me, but is looking now like a scam. I would avoid using Binance to ANYONE.
see my message above about not being able to access my assets and no one responding to my attempts to contact them. No one is there, the support is probably just bots or some IT trap that aborts after 10 hrs of waiting.
Nothing. Maybe low fees and that is it. Everything else is broken.
1\ ACH doesn't work from chase, us bank and Bank of America. Their engineering team is so incompetent they cannot fix this Daily limit bug: Rejected Amount exceeds the day limit: 0.01. You can only deposit 1 cent!!! and it doesn't work. 2\ Same day wire never works. do not waste your money. They cannot read the transfer reference number from Bank of America or US bank. 3\ You cannot withdraw from your binance wallet to kraken or anywhere. you get this message: suspended due to risk management. 4\ customer service is so incompetent and takes for ever to respond. No one knows what they are doing. I wrote many emails to the founders and they don't care to respond or fix this stupid issue. This company sucks.
Nothing solved. I sent over 25 tickets and 50 emails. nothing is solved. the only solution is pray to god that they will allow you to transfer to kraken one day.