Post
Topic
Board Trading Discussion
Re: Binance and Coinbase
by
Silberman
on 02/12/2021, 21:53:36 UTC
such kind of websites are exist. Just need to search out whenever you need. I've an accounts on both exchanges. But i mostly use binance cause it offers trade with large pair of altcoins and doesn’t have any restrictions & limitations like coinbase! coinbase still has lots of things to develop. Coinbase has limitations with few altcoins for trade but trade is still not available in most of the Countries.
Verification is now a limitation. Now you need to go through verification in order to gain access to trading. Therefore, Binance also has its cons.

And we do really believe that they had only lost 3% of their users?
Cryptocurrency exchange Binance lost 3 percent of its customers due to mandatory KYC requirements
For sure there is more but wont be surprised if the community do trust up much Binance despite of such changes.

I dont have any problems or issues on both platforms because in with experience then i dont have any hardship or unfortunate situations
that i do able to get along the way.

We must remember that many times a news can be spin in such a way to give a certain impression, in this case losing 3% of their customers does not seem to be such a huge deal for binance, however the really important part is how much volume they lost? After all if big clients left them then the impact on their finances is going to be much higher than what that 3% number indicates, also the time it has passed is too short since they forced every single account holder to go through KYC, and as such the decrease in the number of users  using their exchange will become more clear over the next years.