Is Binance safe and legit
I was thinking to switch my crypto exchange should I opt for Binance??
4 people have already reviewed Binance. Read about their experiences and share your own!
Binance is a centralized cryptocurrency exchange offering spot, derivatives, margin and OTC trading services to users across Global.
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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.
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.
I was thinking to switch my crypto exchange should I opt for Binance??
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The reviewer said repeated facial-recognition failures across several devices left the account inaccessible and made it difficult to reach a human support agent.
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The reviewer said the account was restricted without a clear reason and that support did not provide concrete steps for restoring access.
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The reviewer reported difficulty moving assets to a French bank account and said automated chat guidance did not resolve the withdrawal problem.
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The reviewer described a prolonged withdrawal suspension and said updates about the account review were limited and repetitive.
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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.
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The reviewer described fewer practical card and bank-transfer deposit routes in Europe, along with higher costs and confusing regional eligibility rules.
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The reviewer reported that an account issue remained open beyond the initial support estimate and that subsequent replies did not provide a resolution time.
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The reviewer said withdrawals were blocked more than once and that the available explanations did not make clear how the restrictions could be avoided.
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The reviewer said the account was blocked and that the reason and recovery steps were not communicated clearly through support.
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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.
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I mainly used Binance for spot trading, and placing orders was generally simple. Trades were usually executed quickly, although I needed some time to get comfortable with the interface and its different features. I would prefer to see a clearer breakdown of applicable fees before confirming larger orders, so I could better understand the costs involved.
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I tried trading several pairs on Binance over a few weeks and found the basic tools straightforward to use. Price updates were quick, and the overall trading interface worked well for my needs. However, some of the advanced settings could benefit from clearer explanations, especially for newer users who may not be familiar with all the available options.
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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.
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