Binance

Read 53 published reviews for Binance. See ratings, business responses, and signals available on GuardOpinion.

Website: binance.com

Category: cryptocurrency-blockchain

Country: US

Founded: 2017

Employees: 1000-5000

Rating: 4.1/5Based on 53 Reviews

GuardScore summarizes signals such as recency, review volume, verification signals, response activity and moderation patterns. Paid plans do not increase it.

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Customer reviews for Binance

  1. RageViper_playsRating: 5/5

    Best I've tried

    10/10 would recommend to anyone. my whole team uses it now lol fr

  2. VoidQueen77Rating: 4/5Verified

    solid product, would give 5 stars if support was faster. everything else is on point fr

  3. jake_itRating: 3/5Verified

    three stars because its fine but fine isnt good enough for what they charge fr

  4. DarkBeast_xdRating: 4/5Verified

    buen servicio, recomendaría con alguna reserva menor pero lo usaría sin problema

  5. NightKrakenXXRating: 4/5

    Solid experience

    Pretty good overall, minor issues here and there but nothing dealbreaking. would recommend with caveats imo

  6. ShadowBomb500Rating: 5/5

    they actually listen to user feedback. feature i suggested 6 months ago is now in the product. nice.

  7. alex_mRating: 5/5Verified

    Super smooth experience tbh. Had a small issue and support fixed it in like 20 mins ngl tbh

  8. ShadowLynx_tvRating: 3/5Verified

    Regular

    regular, funciona pero no destaca. para el precio que tiene esperaba algo mejor ngl

  9. sophie_usRating: 2/5Verified

    idk why people rate this so high. laggy, buggy, and customer service is nonexistent personally

  10. EliteKing2023Rating: 5/5Verified

    Top tier

    lowkey underrated tbh. doesnt get the hype but quality is there. definitely recommend personally

About Binance: Reviews

Pros

  • Offers a wide range of cryptocurrencies and trading pairs
  • Provides advanced trading features suitable for all experience levels
  • Competitive trading fees and high market liquidity

Cons

  • Regulatory challenges and restrictions in multiple jurisdictions
  • Complexity of some advanced trading features may overwhelm beginners
  • Past incidents of security breaches or system outages reported

Business Description

**What is Binance?** Binance is a cryptocurrency exchange established in 2017 by Changpeng Zhao and headquartered in Malta. It serves as a global platform for buying, selling, and trading a wide array of cryptocurrencies. The company targets individual traders and institutional investors seeking access to digital asset markets. Binance is recognized for its extensive selection of cryptocurrencies and multiple trading options. **How does it work?** Binance operates an online platform that facilitates cryptocurrency trading through order books and market orders for spot, futures, and margin markets. Users create accounts, deposit funds in cryptocurrencies or fiat, and execute various trades with the available digital assets. The exchange employs security measures to protect user assets and data while providing various interfaces including a web platform and mobile apps. Market liquidity, competitive fees, and technical tools support diverse trading strategies. **Products and services** Binance offers spot trading, futures contracts, and margin trading with leveraged positions across hundreds of cryptocurrencies. It includes services such as staking, saving products, and a cryptocurrency wallet. The platform delivers APIs for algorithmic trading and supports fiat-to-crypto gateways. Binance continually updates its offerings to include new digital assets and compliance features according to market and regulatory standards.

How is the GuardScore calculated?

Recency · Recent reviews carry more weight than older ones, reflecting the current customer experience.

Verified reviews · Reviews with stronger experience signals may carry more weight in the GuardScore.

Volume · More reviews can make the score more stable, but it remains an informational signal.

Learn more about GuardScore
cryptocurrencycrypto-exchangescryptocurrency-tradingdigital-assetsspot-tradingfutures-tradingmargin-trading

Business activity: Binance

Response rate: 0%

Frequently Asked Questions about Binance

Why does Binance freeze accounts?

A lot of users have reported their accounts being frozen for various reasons, often related to regulatory checks. This can create a lot of frustration since the review process sometimes takes longer than expected.

Is Binance reliable for trading cryptocurrencies?

Many users find the interface intuitive and packed with features, which makes trading easier. However, some have expressed concerns about account freezes and delays, so it's a mixed bag depending on your experience.

How does Binance handle customer service issues?

There are mixed reviews on Binance's customer service, with some users reporting long wait times for support. A few have shared positive experiences, but many express frustration over account issues without timely resolution.

What can I do if my Binance account is under review?

If your account is under review, it can feel like a waiting game. Users report that sometimes it can take a while for Binance to complete these reviews, so patience is often necessary while you wait for more clarity.

Are there hidden fees on Binance when trading?

Some users have complained about unexpected fees when trading, which can lead to surprises during withdrawals or transactions. It's always smart to double-check the fee structure before making trades.

What are the best features of Binance?

Users often highlight the large selection of cryptocurrencies and advanced trading tools as standout features. However, occasional experiences with issues like account freezes can overshadow these positives.