Binance compared to other Crypto Exchange.

Marquis

New member
I have been into crypto-currency for a long time now, probably i understand few about Crypto and other things related to it, now I believe you and I know about BINANCE EXCHANGE and BITTREX EXCHANGE, right from when the market was not kind of complicated like this. Well let's go straight to the point of what am to say. Binance is really growing Wild when it comes to giving the community what they want. I came across this: in my email inbox and I believe most of us using binance received it. This development coming out from BINANCE EXCHANGE is really welcomed and binance is really paving waves than bittrex Exchange if am not mistaking.

Your opinion to how you see binance and bittrex in the next generation are welcomed.
 

Jeremiah

Member
First of all, are you really pairing Binance and Bittrex in the same category? Binance rakes in about 5 billion dollars in daily trading volume on average and Bittrex? just about $50 billion. Granted, Bittrex was a market leader at some point in 2016/2017 but lost that spot to Binance due to their shortcomings with several bugs hampering their platform at the time. Even now, Bittrex offerings is no where near that of Binance. I'm talking about the overall trading experience on both exchanges (I'm a user of both).
 

Axel

Member
I have not used Bittrex for a long time, probably about a year, so I do not know how the exchange looks now and whether its functionality has changed.

But I always liked Binance Exchange more, although earlier its design was inferior to Bittrex, but they fixed it. As for the functionality, Binance has always been an advanced exchange in this regard, almost advanced
Grin
 

Carson

Member
First of all, are you really pairing Binance and Bittrex in the same category? Binance rakes in about 5 billion dollars in daily trading volume on average and Bittrex? just about $50 billion. Granted, Bittrex was a market leader at some point in 2016/2017 but lost that spot to Binance due to their shortcomings with several bugs hampering their platform at the time. Even now, Bittrex offerings is no where near that of Binance. I'm talking about the overall trading experience on both exchanges (I'm a user of both).
That is actually what I was thinking here, why compare Binance and Bittrex now? Binance has come a long way already and by just looking at the trading volume, BNB is already very far. Got the figures from coingecko not from CMC. So it is very clear that Binance is leading among crypto exchanges and Bittrex has been left behind.

vs
 

Angel

Member
If we are talking about the volume and top exchange, than we easily find it as Binance exchange is better than the bittrex exchange. Bittrex is a good exchange but binance is a top level exchange for trading and investment
 

Ian

Member
We don't have to compare between binance and bittrex because each exchange has advantages and disadvantages, and I believe that each exchange will have its fan. But we can see that binance developed the exchange to be top exchange beside of bittrex, poloniex, kucoin and the other, and many people now move their funds to binance. I think people choose binance as their exchange because binance allows people not to verify their account, but they only limit the withdrawal funds. That will be an advantage for people who don't trade with big funds
 

Connor

Member
Each exchanger has its own characteristics and because of these differences, people use different types of exchange. Notable among the exchanges I use, are Binance, Whitebit, Bittrex, Probir coinsbit, etc. There are some comparative differences between the two exchanges, Binance and BITTREX, as the daily trading volume is much higher than that of BITTREX and the difference between their trades fee can be noticed. The Binance market liquidity and volume are better than the Bittrex exchange. In recent times the Binance exchange has made great development in its exchange and in this case, Bittrex lags far behind.
 

Miles

Member
I have used bittrex to trade cryptocurrency in a long time ago, but now I don't use it anymore just because they deleted my account when they upgraded their website (it's my fault because I didn't read their email but I still hate them).
In Binance I find them very professional, they solve their problems very well when hacked and ensure the interests of customers.
 

Robert

Member
Bittrex loses out to Binance, by a lot. Though AFAIK, Bittrex has lower fees, but really, their trading volume is far outstripped by Binance, which makes it a better choice. Bittrex at this point is close to being old news. Yes, Bittrex was pretty good, but it's in the past. It was a good exchange but sadly, it didn't support its growth and development properly, hence was surpassed currently by Binance which is younger than it. Try out Binance for a bit and you should see how easy it is to trade plus, the community is pretty active so it's a lot easier for your inquiries to be answered.

Still, other than Binance, there's still KuCoin and Kraken, you can also check them out some time, though I did opt to choose Binance instead of using other exchanges right now
 

Jameson

Member
So far, binance is one of the best trading plaform for anyone who want to engage crypto trading. It has proven that it qualify for this position after placing bittrex. Bittrex can be considerex as the best crypto exchange in 2016-2017. However, due to the lack of technology and developement, it can not stand still when Binance appeared.

I had trade on bittrex for a while and I found that its quite ok at some piint. But when the volume crack down and it was harder for me to trade, i chose binance as my next place to secure my money. It is somehow faster and efficient, with a large number of users as well as volume.

I guess that Bittrex is now a tier C exchange while binance is a tier A
 

Roman

Member
You're not mistaken when it comes to comparing the two. One has been operating longer than the other, and it is Bittrex. 2013 was the start of Bittrex and Binance in 2017. Binance has made it's way to the top probably because of the influence that the exchange has towards users, and they are currently dominant at it. What made it successful is the liquidity it has right now, and a lot of users are using it, and they are global. On the other hand, Bittrex, I haven't seen events in my country that had their influence.

I'm sticking to Binance in the coming future as well
 

Easton

Member
I would agree that Bittrex was the Binance before Binance comes along. And then Binance took off with CZ very active and sort of listening to his customers that's why it grew in the last three years and left the competition behind.

As for the image you attached, yes it is true, as they also posted it on their official Binance twitter account:
They are the leading so far and keeps on evolving, that's why it is really hard for other exchanges to really get close and make the crypto trading exchange more competitive
 
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