Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: olivia on October 09, 2018, 12:58:46 PM
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I am using binance as a result of delays on Coinbase and other exchanges in getting verified. Is this the reason Binance is so successful?
What is actually the main reason?
It seems that Binance was founded in 2017 and by 2018 it became the most successful exchange. Coinbase was founded in 2012 and Kraken in 2011 yet they failed to achieve what Binance has achieved.
From a business point of view, what is the reason Binance achieved so much?
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Hello.
I think the success of Binance over Coinbase is the huge amount of supported coins/tokens and trading pair. Coinsbase allows to trade with only 45 coins/tokens, while Binance has 100+
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Hardworking on the areas which are never tried before.
All crypto exchanges are working 24/7, but Binance is working better than others. It is more stable, has better features and trying some features first in the area.
So, why not Binance?
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I think binance can promote the site to other traders and it seems they give some prizes to the traders if they can reach the targets. Besides that, if we want to register and start trading, we don't have to send the document. The other reason why binance can grow fast in this year is maybe that binance can give a good service to their customer so we are satisfied with them.
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I am using binance as a result of delays on Coinbase and other exchanges in getting verified. Is this the reason Binance is so successful?
What is actually the main reason?
It seems that Binance was founded in 2017 and by 2018 it became the most successful exchange. Coinbase was founded in 2012 and Kraken in 2011 yet they failed to achieve what Binance has achieved.
From a business point of view, what is the reason Binance achieved so much?
maybe marketing of binance platform very good than other, and maybe binance system is very good also and make trader very comfort to trade their koin or token there
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My main exchange was Bittrex before Binance came out, I first tried Binance and then decided to move all my business there. In this business to success, you have to focus on support and that what Binance did, Binance support is really strong and fast and any trader will love this, no one will accept to see his money frozen for many days while losing money because of poor support, and that problem was one major problem on Bitrrex, it didn't happen to me but I see others suffer because of this.
Right now Binance has what it takes from good support to smooth user-friendly UI.
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I agree if binance has many advantages over other exchanges, there is an amazing daily trading volume that makes it easy for me to get a daily profit because the price dynamics there change very fast. Service and interfaces are tailored to customer needs, there are basic for beginner traders and standard interfaces, as well as more advanced professional traders
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The successful of Binance is that they have a strong, fast and trusted support team working 24/24 hours. No matter by email or by phone calls, they alway support very friendly. The second point is they often list new token pairs that been checked carefully.
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binance is new exchange but its more popular and successful in short period, i think reason behind its success is nice user friendly UI and its withdraw policy which allows user to withdraw 2btc without verification
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Binance very quickly goes forward. I really would not want this exchange to become a scam.