![]() ![]() They attract new customers, sure enough, but eventually, the users learn the ropes and return to Binance to trade. Many other exchanges invest significantly more in marketing. They are still the world's lowest fee exchange today. ![]() Feesīinance charges fewer fees than other exchanges including alternatives and competitors. Online wallet transactions are typically rapid and simple however, certain local banks may take up to one day to process the transfer, and International Swift transfers may take up to three days. Binance's APIs are the fastest and most stable in the industry when it comes to performance.ĭepending on the specific mechanism you employ, P2P transactions might take anywhere from 20 minutes to 3 days. Speedīinance is much faster than many alternatives and competitors. They specified a maximum response time of 24 hours and so have great customer service. It's one thing to run a business, it's another to retain the customers you have attracted to your organization.īefore Binance, submitting a support request on an exchange took such a long time that it wasn't uncommon to wait two months just to get a response. So if you have ever wondered why Binance is a lot more popular than many of its competitors, here are the top reasons. ![]() about the platform, check out our Binance review. Binance conducts more trades for cryptocurrencies like bitcoin and ether each day, totaling $7.7 trillion in 2021’s annual crypto exchange volume than its four top competitors combined. Binance is a crypto market that was founded barely four years ago and now dominates the digital currency industry. ![]()
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