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BINANCE DESKTOP APP REVIEW FULL
BINANCE DESKTOP APP REVIEW ANDROID

It is important to note that the SIPC does not back Binance.US, which means that your crypto is not insured in the same way a stock would be by a traditional brokerage. Is Binance Insured and Regulated?Īll fiat funds deposited to Binance are insured up to $250,000 by the FDIC. You can quickly search up the crypto you want to invest in, and in seconds you can have a buy order filled right from your phone. Many of the negative app store reviews have more to do with Binance customer service than the app’s user experience.

BINANCE DESKTOP APP REVIEW FULL

For serious traders, youʻll want to be on a desktop browser, as the app does favor a streamlined experience over offering as many tools as the full site does. For small trades and regular buys, the Binance app will cover most of your needs.

BINANCE DESKTOP APP REVIEW ANDROID

Want to purchase crypto with a bank cardīinance has support for both IOS and Android devices, with 4 1/2 stars across 200,000 reviews on both platforms.

Who Should Choose Binance?īinance is the go-to exchange for the majority of crypto traders and holders. While several hundred disgruntled reviewers may seem like an enormous amount, remember that Binance has over 15 million active users who make regular trades without issue. Even a quick scroll through the 1-star reviews will show hundreds of angry investors claiming Binance is a scam. Many people have given it a 1-star rating, complaining about how they could not withdraw funds, and customer support was of no use. At over 2500 reviews on, Binance has just a 2-star average. Despite the ongoing investigation, is still fully operational.īinance does not seem to have the best reputation online.

Do not access Binance through a public unsecured wifi network.Īs of 2021, Binance is under investigation from the United States Department of Justice and the Internal Revenue Service on allegations of money laundering and tax offenses.

Remember that a Binance employee will never ask for your password.

Always check to make sure you are on or.

To keep yourself safe from outside attacks: There have never been reports of malware, data selling, or theft coming directly from Binance. So, knowing all of that, Binance is as safe as your internet habits are. Binance is also one of the primary targets for key-loggers, which can record passwords and send them back to the hacker. To Binanceʻs credit, they stop dozens of hacking attempts a day and have never had another successful hack.īinance is heavily targeted for phishing scams, a malpractice where hackers create a look-alike site or email to get you to expose your username and password. While Binance covered what was stolen, it is the largest hack in Binance history. On May 7th, 2019, hackers stole 40-million dollars worth of Bitcoin (roughly 2% of Binanceʻs BTC holdings). However, Binance is a major target for hackers around the world. Is Binance safe and legit or a scam?īinance is the world’s largest crypto exchange, and itʻs legitimacy can be verified by the hundreds of thousands of daily transactions. Binance itself is not necessarily the people selling the crypto in this case They are just the middleman taking a minimal fee for making it happen. If itʻs what a seller is asking, then Binance facilitates and secures the transaction.

Basically, people can place bids on coins and tokens. Most people will be using P2P (Peer to Peer) trading. OTC only matters for people moving hundreds of thousands of dollars at a time and need that much liquidity. First, Binance offers OTC (Over-the-Counter) trading, which provides large amounts of liquidity at set prices as the market moves. How does Binance work?īinance facilitates the buying and selling of crypto in two ways. has over 300 coins, while is constrained to only 58. Binance is separated into two different markets, and, due to American regulatory pressure. It was founded in China in 2017 by Changpeng Zhao, also known as “CZ,” who remains CEO to this day. However, with crypto already under fire for malicious activity, and billions of dollars changing hands every day, it begs the question: Is Binance safe? Binance Company information Official Websiteīinance is a global exchange where you can buy and sell hundreds of cryptocurrencies. With minimal transaction fees, pro-level charting, P2P and OTC trading, margin accounts, and access to hundreds of the most innovative cryptocurrencies, Binance is a clear leader. At the forefront of the crypto future is Binance, the worldʻs largest crypto exchange.īinance has over 15-million users, extremely high trading activity, and asset liquidity available 24/7, 365 days a year.

However, for every crypto-doubter, there is an ever-growing crowd of crypto enthusiasts hailing it as the future of finance.

The exploding popularity of cryptocurrency has raised many concerns, with some analysts calling all of the cryptos a scam or nothing more than a Ponzi scheme.