Binance

Binance

The largest crypto exchange by trading volume, serves 250M+ users in 180+ countries.

Scores

3
Overall
Very Bad
13
Privacy
Very Bad
65
Trust
Good
lvl. 4/4
Mandatory KYC
Required for key features and can be required arbitrarily at any time.

Overall = 60% Privacy + 40% Trust (Truncated)

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Terms of Service Review

Not reviewed yet

binance.com/en/terms

Events

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  1. Currency update

    Added currencies: LIGHTNING

  2. Attribute change

    An attribute was removed (details unavailable)

  3. Attribute removed

    Attribute "Can't analyze ToS" was removed from Binance

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Verification

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Verified

Thoroughly tested and verified by the team. But things might change, this is not a guarantee.

Comments

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AI Summary

Updated

Users are highly dissatisfied with the service, mainly due to strict KYC requirements and poor privacy. Many reported issues like long account unlock times and frustrating verification processes, labeling the platform as a scam.

  • Strict KYC requirements
  • Poor privacy
  • Long unlock times
  • Frustrating verification
intoxicating_samovar_4245
0 1/5
KYC issue
Funds blocked

Once they asked a friend to do the clown with selfie video with personal documents, you can just talk to a robot; it was a nightmare. Took us two weeks to unlock the account.

grateful_popularization_7280
0 1/5
Funds blocked

Why are these platforms even listed here? Pure KYC scams

Added context: These sites are here to show users the bad practices they make. They are full KYC and have a very low score.

mercantile_articulation_7127
0 1/5
KYC issue

I used to have a Binance account a few years ago. In most countries, full KYC is required for trades over a small amount (about $100 from memory). Zero privacy at all.