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Bran
A Complex and Frustrating Exchange Experience
My experience with Binance has been frustrating. While it offers a wide selection of cryptocurrencies, the platform is incredibly complicated and overwhelming, especially for beginners. The interface is cluttered, making it hard to focus on what matters. Even for more experienced traders, it feels like there's just too much going on. The fees are advertised as low, but there are hidden charges that can quickly add up, leaving you with a much larger bill than expected. On top of that, the withdrawal process is slow, and I've had delays when trying to transfer funds, which is extremely inconvenient. Customer support is another major issue. When I encountered problems, the response times were long, and the help I received wasn’t very effective. It felt like I was left in the dark with no real solution. Despite Binance’s reputation for security, it’s hard to fully trust a platform that isn’t always transparent, especially when it comes to updates or changes. Overall, Binance may work for experienced traders, but it’s not a platform I’d recommend for those looking for a straightforward, reliable experience.
Wallace
Rubbish
Binance may be popular, but it’s plagued with issues. Customer support is slow and unhelpful, withdrawals are frequently delayed or frozen, and regulatory troubles make it an unstable choice for traders. Hidden fees, security concerns, and past hacks further add to the risk. If you value reliability and transparency, Binance isn’t worth it. Better alternatives exist. Avoid the hassle.
Scottish
My Perspective and Experience
From my perspective and experience, Binance is a versatile cryptocurrency exchange offering a broad range of trading options, including spot, futures, margin trading, and staking. Its extensive list of supported cryptocurrencies and competitive fees make it attractive to both beginners and seasoned traders. The platform also provides strong security measures like two-factor authentication (2FA) and withdrawal whitelisting. However, I found that Binance’s interface can be overwhelming for new users due to the sheer number of features and options available. Additionally, regulatory scrutiny in some regions may restrict access or limit services. Overall, Binance is a solid choice for those seeking a comprehensive trading experience, though newcomers may face a learning curve.
Luca
Powerful but Problematic
Binance is a leading crypto exchange with extensive trading options, but it comes with serious drawbacks. While it offers high liquidity and advanced features, frequent technical issues, sudden withdrawal restrictions, and regulatory troubles make it unreliable. Security concerns persist, with past hacks and slow responses to account issues. Customer support is frustratingly unresponsive, often leaving users without timely solutions. Additionally, the platform’s complex interface can be overwhelming for beginners. Despite its dominance, Binance’s instability, regulatory risks, and poor support make it a risky choice for traders seeking reliability.
Noah
Complete Scam
Binance may be one of the largest crypto platforms, but it’s nothing more than a scam in disguise. While they boast about offering a wide range of cryptocurrencies and advanced trading tools, the reality is far from impressive. The interface is a cluttered mess that will confuse and frustrate anyone who’s not a seasoned trader. What they don’t tell you is how unreliable their customer support is. When you run into problems—good luck getting help. The delays are absurd, and you’re left with no solution to your issue. On top of that, regulatory concerns and regional restrictions make it clear that Binance's future is uncertain at best. This platform may be appealing to some, but don’t be fooled—it’s a ticking time bomb. The complexity, poor support, and shady regulatory stance scream "scam." If you care about your funds and don’t want to be left in the dark, steer clear of Binance at all costs.
GREOJ
Avoid at All Costs
This platform is an absolute nightmare. I’ve had nothing but issues from the start. They locked me out of my account and now demand a facial recognition test to remove an outdated email address, but the process is completely broken. It repeatedly tells me to reopen my browser, but nothing ever works. Despite having the correct password and phone number for verification, I’m still unable to regain access. It feels like they’re intentionally creating barriers to frustrate users, leaving them stuck and unable to access their accounts. What’s worse is that it puts funds at risk, making me feel like they’re deliberately trying to exploit their users. This platform is nothing short of a scam and completely unacceptable. I would highly advise you to stay far away from it—don’t make the same mistake I did.
Sachin Gupta
Hasn't Been a Smooth Experience
Binance has undoubtedly cemented itself as one of the biggest players in the crypto space, and I can see why. On the positive side, the platform offers an extensive range of cryptocurrencies, advanced trading tools, and competitive fees. The liquidity is unmatched, making it easy to execute trades quickly, even for large volumes. Their staking and savings options are also commendable, providing users with opportunities to earn passive income. However, my experience hasn’t been entirely smooth. The platform’s complexity can be overwhelming for newcomers, with its cluttered interface and steep learning curve. Additionally, customer support leaves much to be desired-I’ve faced long delays in resolving issues, which can be frustrating when dealing with time-sensitive matters. Regulatory concerns and restrictions in certain regions have also created uncertainty around the platform’s long-term stability. While Binance has a lot to offer for experienced traders, it might not be the best choice for those seeking simplicity or reliable customer service.
Sudhir Mishra
Great Features but Some Challenges
I’ve been using Binance for a while, and it’s definitely a powerhouse in the crypto world. The variety of coins, trading pairs, and features like futures and staking are impressive. It’s a one-stop shop for advanced traders. However, I found the platform a bit overwhelming at first-it’s not the easiest for beginners. Plus, regulatory changes in some regions and slow customer support during busy times can be frustrating. Overall, it’s a good platform if you’re experienced, but it might take some time to get used to.
Nexa
Fraudulent and Unusable
This platform is nothing short of a scam. They’ve locked me out of my account, demanding a facial recognition test to remove an outdated email address. The process is completely broken—it repeatedly tells me to reopen the browser, but nothing ever works. Even though I have my password and phone number for verification, I still can’t regain access. It’s as if the platform deliberately creates obstacles to frustrate users into abandoning their accounts, leaving funds at risk of being exploited. This is unacceptable—avoid this platform at all costs!
Vishal
Continuous OTP issue & glitch
It has more number of cryptos compared to the other application. Many options are there to buy crypto here. One can buy crypto either in rupees or dollar, so it supports different mode of payments. to convert dollars to rupees. It's not user friendly. Unable to withdraw my money to bank account. Instant withdrawal is not possible it takes more time to deposit my money. Difficult to exchange with other cryptos.
Alexander G.
My account got frozen with no withdrawal option
What a "secure" and "independent" way to manage your crypto with Binance, huh? I thought the same until $16,700 of mine was frozen on Binance. On January 15, 2024, while attempting to transfer my crypto, I received a message stating my account was frozen due to a violation of the Terms of Use. The next morning, I discovered my account was completely banned, with no access to withdrawal functions. I decided to investigate the matter myself and discovered that my decentralized USDT wallet, which I used to top up my Binance account, was flagged with a 100% risk level. Upon inquiry, amlcrypto informed me that the risk was associated with deposits from garantex, which is now under sanctions. It's worth noting that amlcrypto support resolved my query the same day for a $1 fee, whereas Binance has taken months to address an issue in an account with over $20 million in turnover. (ID 177504654 ) I encountered a similar issue with Payeer, but they simply reversed my crypto transfer and refunded it, clearly stating the reason. With Payeer, I had no trouble getting my money back. However, Binance refuses to return funds, fabricating excuses and deadlines out of thin air, seemingly to hold onto your money as long as possible. It seems we've discovered that anyone can send you tainted crypto, and Binance will freeze your funds indefinitely. I was also disappointed by the lack of honesty from their support team. Now they adjusting dates of review, added 14 days more, scammers.
Edwin
Disappointing Experience
My experience with Binance has been underwhelming. The platform often feels cluttered, and customer support is slow to respond. I’ve encountered multiple withdrawal issues, and their security measures don’t inspire much confidence. Overall, there are better alternatives out there.
Wilson
A Robust Platform with Pros & Cons
I’ve been using Binance for a while now, and honestly, it’s a bit of a mixed bag for me. On one hand, the platform is a powerhouse-it offers an incredible variety of coins, great liquidity, and features like futures trading that really appeal to more experienced traders like me. The low trading fees are a big plus, too. But let’s talk about the downsides. As someone who wasn’t a pro when I started, the interface felt overwhelming. It’s packed with features, but figuring out how to use them took time and patience. It’s definitely not the most beginner-friendly platform. Then there’s the whole regulatory mess. Depending on where you live, Binance can feel unreliable-one day everything works, and the next, features might be restricted. That uncertainty is frustrating, especially when you’re trying to make quick trades.
T Ramesh
A Disappointing Experience with Binance
I received a deposit from a friend in my Binance account, only to have the account blocked for allegedly breaching their Terms & Conditions. However, they haven’t specified which T&C were violated. Now, I can’t withdraw my funds - everything is inaccessible. To make matters worse, customer support is painfully slow, taking 10-20 minutes just to respond to a simple query. This experience has been nothing but frustrating. I’d strongly advise staying away from Binance.
Michael
Complete Scam
This platform is a complete scam! I am unable to access my account because they require a facial recognition test to remove an inactive email account. The process is broken, it keeps prompting me to reopen the browser, but nothing works. Despite having my password and phone number for verification, I’m still locked out. It feels like their business model is designed to make account access so difficult that users give up, leaving their funds vulnerable to being exploited. Avoid at all costs!
About the company:
Binance is the world’s leading cryptocurrency exchange, offering a secure platform for buying, selling, and trading a wide range of digital assets. Renowned for its innovation, Binance provides advanced trading tools, a robust blockchain ecosystem, and services like staking, NFTs, and DeFi solutions, empowering users worldwide to participate in the future of finance.
Address
Valletta, NA - Malta, Malta
Website
https://www.binance.com/
Telephone
NA
Help Center
https://www.binance.com/en/support