The interface of the exchange constantly glitches...
The interface of the exchange constantly glitches in many browsers, hanging at the time of order creation. But this is not the main reason, in contrast to Exmo, where they can just hoax you with the transfer of funds, this exchange profit by financial manipulation, forcing you to lose money, by dramatic price changes, with a constant rate in other systems, it can jump up by 20% and down in 5-10 minutes, it is obvious that the administration knows the amount of money in accounts and uses this information to manipulate your accounts at the exchange, and stop-loss mechanisms work crookedly because of problems with web interface exchange (both the old and new). And when you withdraw your funds, you will also pay commission.
For example, you have one BTC, to transfer it to exchanger wallet (not yours!) you will have to pay transfer commission, then to execute sell order you will pay commission, to execute buy order you will again pay commission, in result from one BTC you will receive 0.91 BTC, then to withdraw it you will have to pay transfer commission back and to withdraw it in cash you will have to pay another commission, you will receive maximum 0.83 BTC.
Bottom line – crypto exchangers are total charlatans, they manipulate your funds which are not regulated by law. Use at your own risk.
More honest opinions from real people about the company Binance
Steve Purbrick5 months ago
4.3
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Fast Transactions
I have been using Binance and their transactions are fast and use moderate fees. Overall, very good service!
Richard Wilson5 months ago
4.3
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0
Smooth Transactions with Binance and HashMirage - A Seamless Experience!
I've been using Binance for my investments on the HashMirage Cloud Mining platform, and I'm pleased to report that all my withdrawals and deposits have gone smoothly. Both transactions - HashMirage to Binance and vice versa, are processed quickly and without any issues. This seamless experience has made... Read more
Andrey ZHukov1 year ago
5
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For many reasons
There are actually many reasons why I have been trading at Binance for more than three years, but the main ones are that it is convenient and profitable. There are commissions, depending on the volume and the specific crypto, but if you compare, it is below the market almost always, this is the first... Read more
The interface of the exchange constantly glitches...
The interface of the exchange constantly glitches in many browsers, hanging at the time of order creation. But this is not the main reason, in contrast to Exmo, where they can just hoax you with the transfer of funds, this exchange profit by financial manipulation, forcing you to lose money, by dramatic price changes, with a constant rate in other systems, it can jump up by 20% and down in 5-10 minutes, it is obvious that the administration knows the amount of money in accounts and uses this information to manipulate your accounts at the exchange, and stop-loss mechanisms work crookedly because of problems with web interface exchange (both the old and new). And when you withdraw your funds, you will also pay commission.
For example, you have one BTC, to transfer it to exchanger wallet (not yours!) you will have to pay transfer commission, then to execute sell order you will pay commission, to execute buy order you will again pay commission, in result from one BTC you will receive 0.91 BTC, then to withdraw it you will have to pay transfer commission back and to withdraw it in cash you will have to pay another commission, you will receive maximum 0.83 BTC.
Bottom line – crypto exchangers are total charlatans, they manipulate your funds which are not regulated by law. Use at your own risk.