3 ms·

Here's a suggestion: Don't trust any exchange (or, let's face it, any company) whose only contact details on their website are email addresses or instant messen

Here's a suggestion: Don't trust any exchange (or, let's face it, any company) whose only contact details on their website are email addresses or instant messenger. Binance looks as shady as they get.

fastball 9y ago
Yet I've never had an issue withdrawing from them, where as I've had countless problems withdrawing from basically every other exchange, including (especially) the ones that have a US address listed on their website. Binance fees are low but not so low that I doubt how they make money. They have a huge number of pairs without having too many shitcoins. Many of their pairs are now ETH/___, which is much better for many people due to high BTC fees. But yeah, I'm going to completely ignore a great level of service and security, and instead be worried because they don't list an address on their website. /s What good is a non-[insert your country] address really going to do for you anyway? A small-time crypto trader isn't going to have any power to get anything from most foreign domiciled companies without very significant effort. Finally: this goes against the entire principle of cryptocurrency. The point is that I don't want to have to trust my nation (or any other nation). I trust Binance because they haven't fucked me over. The same can't be said for legally domiciled US exchanges I've traded on and the US government.
- bby 9y ago
  Maybe: They are slowly building trust of not fucking you over so that when they do fuck you over you don't expect it.
JohnJamesRambo 9y ago
Binance actually has an active subreddit with actual employees from Binance that answer questions and do customer support there which is unheard of in the age of waiting weeks to get support tickets answered at places like Coinbase. Binance is as good as it gets for customer service in crypto in my opinion.

3 ms·

Here's a suggestion: Don't trust any exchange (or, let's face it, any company) whose only contact details on their website are email addresses or instant messen

by joosters 9y ago

fastball 9y ago
Yet I've never had an issue withdrawing from them, where as I've had countless problems withdrawing from basically every other exchange, including (especially) the ones that have a US address listed on their website. Binance fees are low but not so low that I doubt how they make money. They have a huge number of pairs without having too many shitcoins. Many of their pairs are now ETH/___, which is much better for many people due to high BTC fees. But yeah, I'm going to completely ignore a great level of service and security, and instead be worried because they don't list an address on their website. /s What good is a non-[insert your country] address really going to do for you anyway? A small-time crypto trader isn't going to have any power to get anything from most foreign domiciled companies without very significant effort. Finally: this goes against the entire principle of cryptocurrency. The point is that I don't want to have to trust my nation (or any other nation). I trust Binance because they haven't fucked me over. The same can't be said for legally domiciled US exchanges I've traded on and the US government.
- bby 9y ago
  Maybe: They are slowly building trust of not fucking you over so that when they do fuck you over you don't expect it.
JohnJamesRambo 9y ago
Binance actually has an active subreddit with actual employees from Binance that answer questions and do customer support there which is unheard of in the age of waiting weeks to get support tickets answered at places like Coinbase. Binance is as good as it gets for customer service in crypto in my opinion.