We'll take a look at what makes Binance so attractive, and the reason it ranked as high as it did on our rating system. One important thing to note: no exchange is perfect.
Starting with the User Experience, Binance has managed to create a seamless experience from its launch, and is continuing down this path these days as it redesigns the entire website and incrementally allows more users to test out the new interface. We believe Binance's workflows are indeed among the best in the industry, and it easily gains a high score in this category.
The only downside to Binance's user experience is its customer support: When we contacted them, requesting information about their team, we received the reply: "CZ is the team". This is a bit concerning, and we will further expand on it when we reach the Team score.
Binance's performance is as good as it has to be: for an exchange that supports millions of users and a mind-boggling amount of transactions each second, Binance has built adequate infrastructure to support it all, and it is holding up surprisingly well when you take into account the immense loads put upon it. True, theses systems are not without their faults, and we have seen some cases of Binance going under unplanned maintenance, although it has always explained the reasons for that after-the-fact and are improving from incident to incident; as a leading corporation should.
On the features front, Binance's twin champions are its immense amount of assets available to trade and its trading incentives, the first is maintained using the exchange's constantly shifting regulatory status, which allows it close to full autonomy when choosing which assets to list, and the second is the winning combination of its token, BNB, and trading competitions and promotions, which make use of newly listed assets, the token BNB and other mechanisms to promote user trading on the platform. Binance also recently introduced margin trading, although it is currently far from being intuitive, with difficult to understand funding mechanisms, insufficient support documentation and no ability to lend funds, only borrow.
Other exchanges frequently copy Binance's moves since they proved themselves so effective in growing the exchange, and we don't see these stopping anytime soon.
Another notable feature of Binance is its recently launched Binance Chain, a blockchain-based platform with Smart Contracts capability, which welcomed the exchange's token BNB in open arms as its native currency. Binance have started to heavily promote the platform and offer fat bribes to projects as incentive for migrating their activities from other platforms over to Binance Chain, and Ethereum is among the platforms from which most projects are being solicited.
The rising of Binance Chain has also introduced the Binance DEX, a self-proclaimed Decentralized Exchange, although in practice it is not at all decentralized, but merely an exchange in which user self-custody their assets, using software and platforms provided by the company Binance.
Finally, Binance's Trust score is a bit above average. While the exchange certainly does its best to safeguard user funds, sometimes its best is simply not enough: In early May 2019 it has hacked for 7000 BTC, around $40M at the time. All customers who lost funds were fully reimbursed by Binance's self-managed insurance fund maintained specifically for such an event.
Even though in the end the only one punished for the hack was Binance itself, it is a reminder the the biggest exchanges in the industry also carry a much bigger "bullseye" on their back than other, less-significant exchanges, and it is better to assume attackers are constantly looking for new ways to gain access to the incredible amounts of funds deposited in Binance. The exchange does keep much of the users' funds in cold storage and provides several means for users to protect their accounts.
However, Binance will forever be followed by a dark cloud, threatening its continued operations - or at least until it chooses to settle down. We are talking about the company's refusal to give up one distinctive feature: no KYC or identification for users, up to a daily withdrawal limit of 2 BTC. The fact that the exchange will simply not give up this feature has got it into regulatory trouble in multiple jurisdictions during its short lifespan, but the exchange dealt with it in the best way they saw fit: to leverage their ability and power to create what the industry now calls "regulatory arbitrage", meaning Binance's ability to position itself in several jurisdictions around the globe, at every point in time serving its current interest. Most notably, after receiving scrutiny by Japanese authorities while it was based in Singapore, the exchange has since settled in Malta, a country known for its desire to attract foreign businesses in order to generate tax revenue. It is safe to assume Binance will not easily give up this status quo they value so much (and apparently, the rest of the market does too), and will go to extreme lengths to preserve this situation.
To conclude, Binance is without a doubt one of the most important crypto exchanges in the world today, and we don't see this situation changing anytime soon. It always strives to provide its customers with the best service in the business, the most freedom within the walls of a centralized exchange, and a unique, seemingly regulatory-sterile environment to do whatever you please with your money (most choose to invest in wild altcoins). Binance does most of these things right, and had much luck and a head-start at doing so, and is now focused on maintaining its status as the world's leading altcoin exchange. Time will tell how and if Binance can preserve the current situation, but we are betting their strategy is to eventually convert the company from corporate to a true decentralized community, a DAO, if you will, and break free from current legal definitions. This, however, is a topic for another discussion, and right now Binance remains one of the best options for crypto traders today.
What Makes A 1001 Coupon Special? New Zealand's Best Coupons and Offers!
But why should you use one of our coupon code offers? After all, there are several coupon moguls out there offering promotional code. You might think you can find a August 2022 promo code for Binance all over the web. But how many times have you finally found a Binance promo code that was either expired or not applicable? Isn't that frustrating? At 1001coupons.co.nz, this almost never happens. We cycle through our offers daily to ensure your couponcode is active. When you use 1001couponcodes.co.nz, forget fruitless searching and disappointment; we've always got an up-to-date discount code just for you.
How Do Binance Discount code Work?
A Binance coupon code from 1001coupons.co.nz is unbelievably easy to use. If you want a Binance promo code for a certain store, type the store's name in the search bar at the top of the page. The search results will display any current offer or coupon code for that store.
- When you find an offer you want to use, simply click 'SHOW CODE' or 'VIEW OFFER' to reveal the promo code. Some offers do not require a Binance Discount code.
- You will then automatically be redirected to the web store with your coupon applied. You can also right-click on the promo code, copy it (Ctrl C), and paste it (Ctrl V) manually when you check out.
- The Binance promo code will show up in your cart and deduct the appropriate amount from the price of your purchase. Rarely, there are technical issues with applying a Binance Voucher code to your cart. In this case, you should make sure the coupon is still active or reach out to us about your issue.
What If My Binance Voucher Code Doesn't work?
Sometimes, Binance offers and deals come with exclusions. You should always double-check that the coupon you selected is compatible with the item(s) you're buying. Certain stores will not allow coupons to be stacked, which cancels out other Binance Voucher codes. Also, always make sure the coupon's date is current. While we are diligent to only give you active coupon code offers, an expired discount occasionally slips through the cracks. You can always contact us at 1001couponcodes.co.nz if you have any questions.
Can I Share Binance Coupons, Voucher Codes & Deals codes with my Friends?
We'd love to have you share a coupon code or discount with your BFF! Once you start racking up savings, you'll won't be able to wait to show all your friends how they can save money too. Just click the 'SHARE' link under a coupon to post it on Twitter or Facebook, or type in your friend's email to send it to them. Tell them to thank you later when they find a great deal on our website!
On 1001couponcodes.co.nz you have Binance Discount Coupon and many special offers sent to us directly by Binance. We offer discount coupons, offers, promotions, gifts and special services on Binance. In 1001couponcodes.co.nz you will find all Binance promotions, coupons, codes and offers!
What is Binance Coupon code?
Here at 1001couponcodes.co.nz we believe that getting a discount is much more fun! So we offer the best discount coupons Binance for free. Together we also provide special offers, links, exclusives and many promotions totally at no cost to you.
On our coupon site you can find Binance specials and special offers Binance, as well as thousands of offers from the world's largest and best online stores. We filter only the most reliable stores with good customer service records. We also check out store specials and make them available to our most special readers. You can make your purchase at Binance and get a discount using the Binance Discount Coupons we update daily.
We usually highlight coupons that are valid for the entire store, in percentage and then fixed value. After that we offer special Binance offers in case you are interested in buying something for a bargain.
Our goal in the 1001couponcodes.co.nz is to follow the entire internet and publish on this portal all the savings opportunities when it comes to buying, whether in the form of discount coupons or even offers. Through discount coupons, our cool readers get exclusive discounts on their purchases at Binance and thousands of other establishments. Our site is free, here nobody pays anything to use a discount coupon!
If you would like to thank us, share with your friends how you got "that" fantastic discount on your last purchase at Binance. We will be forever grateful!
And what is this Binance promo code?
The Binance discount coupon (also known as a voucher, gift certificate, discount voucher, promotional coupon, discount code, or promo code) are codes used by online stores to convince undecided customers to complete their purchase. If you enjoyed the discount offered by our coupons, we recommend that you checkout immediately as they have very limited validity.
But how do you use this Binance discount coupon?
Binance Coupon can come in 2 forms. A code to enter in the shopping cart during checkout or a specific link that applies an automatic promotion or redirects to a special offers page. We've put together a step-by-step guide to finally understanding how to use this discount coupon Binance:
- Click on "Get Coupon";
- Copy (CTRL C) the coupon code and click "Go to Store";
- Some coupons are available in link format, so be smart, because when you enter the store you should realize the discount applied to the products;
- Browse Binance and choose the product you want. Put it in the shopping cart, paste the Coupon (Ctrl V) into the field called "discount coupon" or "gift card";
- See if the discount was applied correctly.
The best coupons expire quickly, so we recommend finalizing your purchase.
If you liked your purchase tell everyone how you got a discount on Binance!
What are Binance's best coupon codes for August?
50% on CASHBACK = 10% on trading fees + 40% on your friends' trading fees when you invite them to trade on Binance
Save 50% OFF all fees when buying with visa/mastercard
Register at Binance and earn 10% of CASHBACK at trade rates
Enjoy 10% Commission Back on Every Trade you make on Binance using this code on sign up!
Binance has great savings and deals
How do I use Binance coupons?
To use a Binance coupon, copy the related promo code to your clipboard and apply it while checking out. Some Binance coupons only apply to specific products, so make sure all the items in your cart qualify before submitting your order. If there's a brick-and-mortar store in your area, you may be able to use a printable coupon there as well.
Does Binance currently have discount coupons?
Yes, 1001couponcodes.co.nz currently offers 21 valid discount coupons for the Binance store.
How much can I save on Binance?
It depends on the coupon you use. 1001couponcodes.co.nz has the best options in addition to exclusive offers.
How to find the best deal on Binance?
You can manually copy and try all 21 available promotional codes to find the best discount, plus you can accumulate the discount coupons with our selection of promotions and offers.
What is an Binance discount code?
An Binance discount code is an alphanumeric code which, like coupons or paper discount vouchers, allows you to receive a fixed discount or a percentage discount on your purchase. So, in addition to the affordable prices and offers already available on Binance, you can get an additional discount on the total of your cart or on shipping.
The entire content of this site is copyrighted (all rights reserved © 2022).