Binance Reviews and Ratings

Rating: 9 out of 10

Score

9 out of 10

Community insights

TrustRadius Insights for Binance are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

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.

Reviews

12 Reviews

Binance Smart Exchange

Rating: 10 out of 10

Incentivized

August 17, 2023

Use Cases and Deployment Scope

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.

Pros

Launchapad
P2P
Trading
Deposit

Cons

Exchange to wallet transfer
Alert for token price

Likelihood to Recommend

I was Out of city and my friend discused me about crypto world. And then decided to invest in it but on which exchange I was just confused and worried. But after my research I got binance and now it's my best friend for my crypto trading. I am n indian but binance is my favorite.

Adv Mohd Afzal

Junior advocate in Legal at Federal law (1-10 employees)

Vetted Review

1 year of experience

View profile

Binance Review!

Rating: 8 out of 10

Incentivized

July 26, 2022

Use Cases and Deployment Scope

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.

Pros

Good software
Great information
Great analysis tool

Cons

User onboarding
Customer support
Better user guide

Likelihood to Recommend

If you are into crypto, it is definitely a platform that needs to be used for your business if you want to adapt to a modern-day solution. Especially with a lot of exchanges platform or crypto platforms around, I do think it's a good idea to find one that is highly regulated and well known in the industry. That's why Binance is a go too platform.

Moses Thien

Consultant in Marketing at Moses Thien Consulting (1-10 employees)

Vetted Review

1 year of experience

View profile

Binance A Proven Crypto Exchange To Buy Crypto

Rating: 9 out of 10

Incentivized

July 26, 2022

Use Cases and Deployment Scope

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.

Pros

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

Cons

Quicker support times
Have tax reports included
Bit more of a user friendly interface

Likelihood to Recommend

Transfers were quick when I sent my fiat money from my bank through to the Binance platform. I quickly needed to make a purchase on a certain cryptocurrency coin that I did not want to miss out on when the pricing to buy at was very favourable.

Verified User

Director in Professional Services (1-10 employees)

Vetted Review

1 year of experience

Binance

Rating: 10 out of 10

Incentivized

July 26, 2022

Use Cases and Deployment Scope

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.

Pros

Fast trades
On second graph reads
Great at having quick transactions

Cons

Could be less advanced for beginners
Fast customer service
Could be easier to at first glance

Likelihood to Recommend

I've been using Binance and Coinbase for a few years. I would say Coinbase is an easier app to use but once you "level up", I personally like Binance more. It has all the graphs and real-time trades and transactions. You can add your money to the account with ease and put it into the stock you like. You can easily move it from "wallet" to wallet with ease.

Juan Iturbe

FAcility coordinator at AAH (201-500 employees)

Vetted Review

2 years of experience

Tracking crypto with Binance

Rating: 5 out of 10

Incentivized

July 26, 2022

Use Cases and Deployment Scope

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.

Pros

Track crypto prices
Easy UI/UX
Great usability

Cons

More bank coverage
Reduce number of identity verification requirements

Likelihood to Recommend

I have found Binance to be very well suited for keeping track of crypto prices and trends. It is very easy to use on mobile as well, so you can look at it on the go. Unfortunately, I found the identity verification checks to be a nuisance. We use a smaller bank that is not well supported by Binance, so we have to go through hoops very often.

Verified User

Representative in Sales (11-50 employees)

Vetted Review

1 year of experience

Easy to Use and Invest Cryptocurrency Exchange Platform

Rating: 8 out of 10

Incentivized

January 24, 2022

Use Cases and Deployment Scope

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.

Pros

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.

Cons

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.

Likelihood to Recommend

You can be an advanced expert trader or a beginner and still make good use of your wallet on Binance. Besides, the Binance coin helps you save on transactions and earn money just by having some of it.

If you like the referral programs let me say that you can earn 40% commission when referring people onto this platform, while also earning BTC which is easy to exchange today! Another thing I enjoy about using Binance is that they have improved their process for purchasing crypto directly from the platform. You'll also find it in many different languages - something else which makes them stand out as experts in customer service.

Verified User

Professional in Marketing (501-1000 employees)

Vetted Review

1 year of experience

A great tool for trading FIAT to CRYPTO and vice versa

Rating: 9 out of 10

Incentivized

January 19, 2022

Use Cases and Deployment Scope

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.

Pros

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.

Cons

Could have better holding security to ease people minds.
Updated app appearance.
Push notifications could slightly more reliable.

Likelihood to Recommend

Binance is one of the best for more niche assets or coins. It usually has the correct coin needed to purchase things digitally as most organisations are moving into a "metaverse" approach. Easy to then send these tokens on and be used elsewhere. Could have more holding security options, or at least advertise what their security is.

Verified User

Consultant (11-50 employees)

Vetted Review

3 years of experience

Best Application for Crypto Trading and Investment

Rating: 9 out of 10

Incentivized

December 16, 2021

Use Cases and Deployment Scope

I Use Binance to trade Crypto Currency and different coins like Bitcoin, LTC, Doge, and ADA.

Pros

User Friendly Application
Easy to Use for New User as well
Have very less downtime as compared to its peers

Cons

Can Improve on Application slowness
Can improve it's reach in the countries it doesn't support
Can Include some more payment integrations

Likelihood to Recommend

It has all the feature one need to trade in CryptoCurrencies without any Issues

Rajat Miglani

Test Lead in Information Technology at HCL Technologies (10,001+ employees)

Vetted Review

2 years of experience

How to increase you cryptogoodies with the best tool

Rating: 10 out of 10

Incentivized

December 15, 2021

Use Cases and Deployment Scope

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

Pros

Track your Assets in one Place
Setup Notifications for your principal Cryptocurrencies
AutoInvest Feature
Have a Wallet with all your Crypto

Cons

Set Up Multialerts
Add Smartcash feature
Purchase Assets from Different Companys

Likelihood to Recommend

If you are a trader and have more or less knowledge you can trust in this app, it will lead you to step by step on your journey

Verified User

Consultant in Research & Development (201-500 employees)

Vetted Review

3 years of experience

Binance should free the limit of withdrawal for BNB

Rating: 8 out of 10

Incentivized

December 7, 2021

Use Cases and Deployment Scope

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.

Pros

Withdrawal limit should be less for BNB coin

Cons

App takes time during Loading

Likelihood to Recommend

They should allow them to withdraw any quantity of coins in any wallet with less fee. Overall the application is good, users friendly, and easy to use. I would recommend it to other no privacy problem happened and verification KYC go very quickly, one of the best parts is lots of variety of coin available.

Mohsin Ali

Information Technology Auditor in Information Technology at Liberty Mills limited (5001-10,000 employees)

Vetted Review

2 years of experience

View profile

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Reviews and Ratings

Easy to Use and Invest Cryptocurrency Exchange Platform

Rating: 8 out of 10

Incentivized

January 24, 2022

Use Cases and Deployment Scope

Pros

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.

Cons

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.

Likelihood to Recommend

Verified User

Professional in Marketing (501-1000 employees)

Vetted Review

1 year of experience