Is Binance safe and legit
I was thinking to switch my crypto exchange should I opt for Binance??
COMMUNITY RESEARCH
I was thinking to switch my crypto exchange should I opt for Binance??
The reviewer said repeated facial-recognition failures across several devices left the account inaccessible and made it difficult to reach a human support agent.
I tested several pairs on Binance over a few weeks. The basic trading tools were easy to use and prices updated quickly. The experience would be better if some advanced settings were explained more clearly for newer users.
I tested several pairs on Binance over a few weeks. The basic trading tools were easy to use and prices updated quickly. The experience would be better if some advanced settings were explained more clearly for newer users.
The reviewer said the account was restricted without a clear reason and that support did not provide concrete steps for restoring access.
The reviewer reported difficulty moving assets to a French bank account and said automated chat guidance did not resolve the withdrawal problem.
The reviewer described a prolonged withdrawal suspension and said updates about the account review were limited and repetitive.
The reviewer said funds had remained restricted for more than two months and that repeated support contacts produced general responses rather than a clear completion date.
The reviewer described fewer practical card and bank-transfer deposit routes in Europe, along with higher costs and confusing regional eligibility rules.
The reviewer reported that an account issue remained open beyond the initial support estimate and that subsequent replies did not provide a resolution time.
The reviewer said withdrawals were blocked more than once and that the available explanations did not make clear how the restrictions could be avoided.
The reviewer said the account was blocked and that the reason and recovery steps were not communicated clearly through support.
The reviewer reported that coins were not released after a peer-to-peer transaction and said the dispute had remained unresolved for more than two months.
I mainly used Binance for spot trading. Order placement was straightforward and fills were generally quick, although the interface took some time to learn. I would like clearer information around fees before confirming larger orders.
I tested several pairs on Binance over a few weeks. The basic trading tools were easy to use and prices updated quickly. The experience would be better if some advanced settings were explained more clearly for newer users.
My experience with Binance trading was mixed. The core order screen worked reliably, but switching between markets and reviewing completed orders could be more intuitive. Overall the trading function did what I expected.