TrustRadius Insights
Users have found several valuable use cases for Binance, a cryptocurrency trading platform. One prominent use case is long-term investment …
Overview
What is Binance?
Binance is a global blockchain and cryptocurrency infrastructure provider with a financial product suite that boasts the largest digital asset exchange by volume.
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What is Binance?
Binance is a global blockchain and cryptocurrency infrastructure provider with a financial product suite that boasts the largest digital asset exchange by volume.
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- No setup fee
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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What is Coinbase?
Coinbase is a digital currency exchange (Coinbase Pro) and crypto-oriented software solution suite for businesses, including hosted checkout pages, payment buttons, invoicing, and multiple ecommerce integrations (Coinbase Commerce), a turnkey solution for brokerages, exchanges, and fintechs…
Product Demos
How to Open Binance Account Philippines ? Verify and Deposit Money using GCash
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Binance Trading Demo In Hindi ! Binance Me Trading Kaise Kare ! How To Buy & Sell In Binance !
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Binance Futures Là Gì? Cách Đánh Futures (Long/Short) Cho Người Mới Trên Binance
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What is Scalping ? | Live Trading Demo | How to Do Scalping
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Product Details
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- Tech Details
What is Binance?
Binance Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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Users have found several valuable use cases for Binance, a cryptocurrency trading platform. One prominent use case is long-term investment and retirement planning. Users appreciate the ability to purchase cryptocurrencies on Binance, allowing them to maximize their purchasing value by buying crypto coins when they are at a low point. This strategy helps users build their crypto portfolios over time and potentially secure substantial returns in the future.
Another popular use case is performing weekly purchases of stablecoins using dollar cost averaging. By regularly investing a fixed amount of money in stablecoins, users can improve their position in the market over time. Binance offers up-to-date information and research tools to help users stay informed about the crypto market, enabling them to make educated investment decisions.
Customers value the modern and secure nature of the platform, which allows for easy crypto exchanges and collections. They also appreciate that Binance is well-regulated and offers a wide range of tokens for trade, including popular ones like Bitcoin, LTC, Doge, and ADA.
Furthermore, users praise Binance's P2P service, which provides a reliable and convenient way to exchange tokens. However, some users have faced challenges with withdrawing BNB coins and suggest improvements to the withdrawal limits.
Overall, Binance serves as a reliable platform for personal use, particularly for individuals interested in stocks and crypto trading. The platform offers advanced features and graph analysis tools for experienced traders. Additionally, businesses utilize Binance to exchange tokens into GBP with minimal fees and a user-friendly interface. They also leverage Binance's services to track market trends in the crypto market and stay updated with technology advancements.
Users find value in Binance's security features for storing cryptocurrencies in a digital wallet, appreciating the platform's commitment to privacy. The platform also allows for easy conversion of fiat currency into Bitcoin or Ethereum with low fees.
Lastly, Binance offers a user-friendly app and a stable mobile version that does not crash. This convenience is especially helpful for users who want to track all their crypto assets in one place and set up notifications for purchases or sales.
Overall, Binance fulfills various user needs, from long-term investments and retirement planning to weekly dollar cost averaging. It provides a secure and regulated platform for personal users, experienced traders, and businesses alike. With its wide range of tokens, up-to-date information, and user-friendly interface, Binance proves to be an essential tool for crypto enthusiasts looking to navigate the digital asset market.
Best Data, Tables, and Choices: Many users have praised the platform for offering a wide range of data, tables, and choices that surpass those found on other platforms. They appreciate the comprehensive and valuable information provided by Binance. The analysis tool offered by the platform is also highly regarded.
Quick Transfers with Best Charges/Prices: Several reviewers have expressed their satisfaction with the platform's ability to facilitate quick transfers of currency from fiat banks to Binance. They appreciate the fast and hassle-free depositing process, as well as the minimal downtime experienced on the platform compared to its competitors. Additionally, they highlight the benefit of being able to execute fast trades on Binance.
Wide Selection of Currencies: Numerous users have been impressed by the extensive selection of currencies available on the platform. They find it beneficial for trading different cryptocurrencies and exchanging between fiat currency and cryptocurrencies easily and securely. The ability to track crypto prices, access charts and graphs easily, and receive relevant information quickly are all features that users value when navigating through Binance's user-friendly interface.
Confusing User Interface: Several users have found the user interface to be confusing and not very user-friendly. They have expressed difficulty in navigating the software, indicating a need for improvements in its design and layout.
Slow Support Times: Some users have mentioned that they would like quicker support times. They have experienced delays in receiving assistance from customer support, highlighting the importance of faster response times to address their concerns promptly.
Limited Country Support: A number of reviewers have stated that they would like the software to expand its reach in countries where it is currently not supported. This suggests a demand for wider availability of the product internationally.
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Consider Binance for P2P trading with zero fees and a wide range of cryptocurrencies available. Users highly recommend Binance as the top cryptocurrency exchange, highlighting its superiority in terms of features and services over its competitors.
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Improve the sign-up process and provide clearer communication and faster resolution for denied accounts. Users suggest that Binance should enhance their user experience by streamlining the sign-up process and improving communication channels for account-related issues.
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Utilize BNB for fee discounts on Binance. Users suggest taking advantage of fee discounts by using Binance's native cryptocurrency, BNB, which provides cost-saving benefits when trading on the platform.
Reviews
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August 17, 2023
Binance Smart Exchange
I use binance mostly it's better features and smoothly performance makes me happy. Its P2P service is amazing and i will advice to use it.Diposit method is best most of the tokens are available for trade and spot trading is very good for me. Now I am very happy to get platform like binance.
- Launchapad
- P2P
- Trading
- Deposit
- Exchange to wallet transfer
- Alert for token price
July 26, 2022
Binance Review!
It allows me to look into crypto investment and helps me manage my portfolio. I do a lot of crypto research on it and definitely find it modern and get up-to-date information with regards to the latest information in the market. Definitely a recommended tool for people to use. For the business, it allows for crypto exchanges to actually take payment in crypto. This is definitely one of the more secure platforms in terms of usage with crypto collections and exchanges. It is well regulated as well.
- Good software
- Great information
- Great analysis tool
- User onboarding
- Customer support
- Better user guide
July 26, 2022
Binance A Proven Crypto Exchange To Buy Crypto
I use Binance to purchase Cryptocurrencies for my long-term superannuation gains to prepare for my retirement. I will use a percentage of my business profits to purchase certain crypto coins when they are either at a low point to maxmise purchasing value for long-term gains. Or I will purchase weekly at a certain time on more stablecoins to dollar cost average to better my position.
- Has the best data, tables and choices of all platforms out there.
- Best charges / prices with quick transfers of currency from fiat banks to Binance
- Best selection of currencies
- Quicker support times
- Have tax reports included
- Bit more of a user friendly interface
July 26, 2022
Binance
I don't use Binance for work. I use it for personal use. It's a great app/company/program for all that want to get into stocks. This one is a little more advanced but it's perfect for those who can read the graphs and keep up with the trades.
- Fast trades
- On second graph reads
- Great at having quick transactions
- Could be less advanced for beginners
- Fast customer service
- Could be easier to at first glance
July 26, 2022
Tracking crypto with Binance
Binance allows our company to view and track market trends across the crypto market. While the crypto market does not equate directly to our specific field or offerings, we want to make sure that we stay at the forefront of technology no matter what arena. There is always a chance that crypto and blockchain technology becomes involved in healthcare.
- Track crypto prices
- Easy UI/UX
- Great usability
- More bank coverage
- Reduce number of identity verification requirements
January 24, 2022
Easy to Use and Invest Cryptocurrency Exchange Platform
With an interface that makes it easy to trade crypto, Binance offers a tailored experience. Binance gives you the ability to buy and sell cryptocurrencies with the most advanced cryptocurrency exchange platform. It allows you to convert fiat currency into Bitcoin or Ethereum with the lowest fees available. It is best for individuals and companies who are looking to invest via a secure platform.
- The benefit of this product is the ability to buy or sell cryptocurrencies or to trade between cryptocurrencies.
- With Binance, you are able to trade your favorite coins and tokens with your choice of currencies from the U.S., Europe, Asia, and more. With low fees, fast transactions, and an intuitive interface, it’s easy to make money trading cryptocurrency.
- Binance allows for cash flows and transactions to be made easily and securely.
- You have to login every time you use it due to security concerns.
- The fees and charges are not clear sometimes
- Make sure you go through the terms carefully before using any platform.
January 19, 2022
A great tool for trading FIAT to CRYPTO and vice versa
Binance is used by us to exchange tokens into GBP, and vice versa. It allows minimal fees compared to other platforms and is nice and simple for the whole team to use. It is not used as regularly as other competitors but it does have a broad range of assets available.
- Great for exchanging FIAT into CRYPTO.
- Great for exchanging CRYPTO into FIAT.
- The user interface is simple.
- Easy for the team to quickly see charts and graphs.
- Could have better holding security to ease people minds.
- Updated app appearance.
- Push notifications could slightly more reliable.
December 16, 2021
Best Application for Crypto Trading and Investment
I Use Binance to trade Crypto Currency and different coins like Bitcoin, LTC, Doge, and ADA.
- User Friendly Application
- Easy to Use for New User as well
- Have very less downtime as compared to its peers
- Can Improve on Application slowness
- Can improve it's reach in the countries it doesn't support
- Can Include some more payment integrations
December 15, 2021
How to increase you cryptogoodies with the best tool
I use Binance a lot in order to purchase or track my Cryptocurrency assets, you can set up notifications in order to purchase or sell it's super helpful if you wanted to track all your assets in one place. User-Friendly App and the Mobile one doesn't crash
- Track your Assets in one Place
- Setup Notifications for your principal Cryptocurrencies
- AutoInvest Feature
- Have a Wallet with all your Crypto
- Set Up Multialerts
- Add Smartcash feature
- Purchase Assets from Different Companys
December 07, 2021
Binance should free the limit of withdrawal for BNB
I used this application for a long time. One of the best crypto trading applications. But a little problem I'm facing regarding BNB, they should allow them to withdraw any amount of BNB to equal to 1$ and remove the limit of 0.2 BNB option, last few months BNB goes up and I'm facing the problem to withdraw my trust wallet coins.
- Withdrawal limit should be less for BNB coin
- App takes time during Loading
I personally use Binance as one of my tools to invest money. Binance has become the most reliable site where I can buy cryptocurrencies and withdraw and deposit very easily. When I discovered Binance I was looking for a digital wallet where I can save my cryptos (ETH, BTC, etc) This site is very reliable in terms of security and privacy.
- Handles the security with different layers and using MFA
- Accept Credit cards from all over the world
- It has very decent gas commissions for transactions
- The system lags sometimes and we have to wait long time for the site to respond
- I really don't like go into an assessment each time I have to withdraw cryptos
September 22, 2021
A safe trading platform
I use it for my personal purposes to buy and sells cryptos
The problem I am solving is very simple: How to get into the Crypto World and do some trading in a safe way and facing a cheap commission for my transactions
Also, it is very good to see the market moves
The problem I am solving is very simple: How to get into the Crypto World and do some trading in a safe way and facing a cheap commission for my transactions
Also, it is very good to see the market moves
- Crypto Buy
- Trading
- Market Moves
- Paying Interface
- Verification Process
- Login process