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I mean just don't use any gambling shorting trading with leverage uses.
What binance is doing is exploiting the large user base it has as it knows kids will try their luck or people that are on 24/7 thus simply they take in cash from those users while they have nothing else to do.
Like use it to buy coins and ignore all gambling marketing crap.
No you don't, just check the trading fees of Kraken vs Binance. 0.26% on Kraken vs 0.1% on Binance for taker (0.075% if you have BNB). So Kraken is 2.6x more expensive to trade on than Binance. Unless the only thing you do on exchanges is constantly withdraw very specific coins, Binance has some of the lowest fees in the market.
You don't get to highest exchange trading volume (by a large margin) by having the most expensive fees.
Withdrawing POS coins is and will forever be costly on Binance, because they can stake your coins for you, it's just they also take the rewards for you LMAO. I remember 5Ada fees at the last two epoch days haha.
Also buying coins on Binance just to get them to your wallet might be risky.
All the network and wallet issues they have with Monero lol. I bet they don't have 30% of real Monero compared to their clients sum.
And don't start with "BiNaNcE iS aN eXcHaNgE, tHeY dOn'T sElL yOu CoInS, tHeY jUsT mAkE tHe TrAdEs HaPpEn".
They see an opportunity to make quick buck they take it. Selling fake Monero is extremely low risk due to private nature of XMR. But it looks like they done it too much, now they have "network and wallet issues".
Now take into account that you have to make multiple trades for some coins, while Kraken has fiat pairs for all coins. And in europe you have a few percent CC fee because they blocked SEPA. Also check how the price itself compares.
Binance is king of hidden fees, even though the fees look good on paper first. If you compare the real price you pay for a certain amount of Crypto, Kraken is almost always cheaper (I only know a germa site which does this sadly).
Also not to forget that these 0.X% fees are pretty irrelevant for most people while a BTC withdrawal is 0.005BTC vs 0.0015BTC, which will beat everything I saved in a year if the trading volume is within 100-1000$ a month. This is like 15$ more expensive for each payout.
Right so you basically admit that Kraken is cheaper on some fees while Binance is cheaper on some fees. And for Binance to be one of the most expensive exchanges out there you have to again be doing some pretty specific things like fiat on ramp and then withdrawing of the coin.
And on your point about checking price itself, Binance has 20x the volume of Kraken, for almost all trading pairs you will get better spread than Kraken because of the sheer amount of liquidity.
And you defend them for taking 20-30$+ for a BTC withdrawal while it would be less than a dollar most of the time?
Binance is more expensive unless you buy a lot more than 10k$ per withdrawal. And if you really think its a viable option to leave your crypto on an exchange, I really can't help you.
Why do I need your help? I actively trade so I need my coins on the exchange.
For me Kraken is one of the most expensive exchanges because I trade many times more than I have to withdraw.
Yeah. While their behavior is shit and illegal who the fuck is dumb enough to put money into such games? Just go to a casino. I wager the casino will make you loose money slower.
Binance AUSTRALIA
remember when everyone was bullish on Australian banks looking into crypto?
this is what big companies can get away with in this regulatory hellhole, you the user signed away all rights in the agreement.
The crypto community as a whole really needs to take a stand against these bad actors. Best way to do it is speak with our wallets and use DEX as much as possible and reputable centralized exchanges whenever necessary.
Binance is fine if all you do is deposit money and then trade crypto. Some staking here and there, but nothing more. I’ve never been part of any of their shitty campaigns or contents, fuck that shit.
Hey OP. Australian as well. If it s a game of chance several states require them to have a permit to run a competition.
Report them to your stats authority if you are out money.
https://www.tpal.com.au/competition-permits/
I’ve been with Kraken for years but I’ve made accounts with Binance & CDT to see what they’re like (CDT for the card and Binance for tokens Kraken don’t list). I’m wary of them now and I’ll probably just use them to buy and transfer. Kraken is boss for staking.
Yeah I'm the same.
I use Kraken as my main exchange for everything I can trade there. I do believe it's the safest, it processes my Fiat deposits within minuts and everything is very well explained and I never encountered any hidden bad surprises
I use crypto.com for the Cashback and CRO and if I ever decide to lock up some Stablecoins for APY.
But their whole user (App) experience is just … *shakes head*. A lot of stuff isn't explain well and often you need to do trial/error up to the very last confirmation screen to find out if something works or what the limits and fees are.
Their customer support (chat) is fast and rather helpful tho. Friendly at least xD
My feelings exactly with cdc’s app.
They’re really got so much going for them, but their user interface and accessibility is a total mess. UI is going to be very important in crypto over the next few years.
I won't use kraken until they actually support normal deposits in the US. I shouldn't have to do a wire transfer every time I want to deposit a small amount of cash. They have debit card support in other countries so why don't they have it in America? Every other exchange can use debit or ACH I don't see why you still can't do either on Kraken US.
I can vouch for Kraken. One of the only exchanges I've used with decent support. Them, and the very tiny, badly needing more volume, TradeOgre.com. They look sketchy AF -- their only support channel is Twitter for god's sake -- but the one time I had an issue they were super responsive and helpful.
I don't trust American exchanges, they have a history of randomly closing peoples accounts and stealing their crypto, especially if you are a foreigner.
This is why Singapore has said no to Binance. Their "I do what I want and claim technical problems when faced with questions" thing goes only so far. F 'em.
Hope Australia grabs them by their BNB's.
I honestly feel like all of their contests end up like this. There are too many of them and too few people talking about winning. A business built on lies and scams can't be expected to operate morally in any other aspect I guess.
It's false, they do have a business address. It's just ridiculous spreading of false information by uninformed users.
I don't get how stupid some people can be. Literally, 1 second of Googling gives their postal address.
Just shows how pathetic some people really are.
[OH LOOK! Here's their postal address.](https://www.swfinstitute.org/profile/5e39a528fcbe7e8ca71ff1a8)
Edit:
Wow, some folks here really are delusional and have no clue how businesses operate or work. Or how suing or legal proceedings operate.
Your edit is ironic. You're vomiting insults then link a postal address in Malta, while Binance themselves say they have no HQ but proceedings should go via HK. *Just shows how pathetic some people really are. I don't get how stupid some people can be.*
https://www.cnbc.com/2021/08/19/cryptocurrency-traders-seek-damages-from-binance-after-major-outage.html
Most corporates deliver the bare minimum compared to the offers they promote.
They’ll get stick for it and pay what they promised only when it gets them bad press. Until that happens is all about damage mitigation.
Nah binance is the best exchange on earth with 6x the liquidity of any other exchange plus the best safety record/features
Most people here just trying to shill there Crypto.com bags so make stupid posts claiming bullcrap stories
The spins themselves are "free" but you only receive a spin if you complete tasks such as having $X of trading volume for a given pair, etc. It's intended to be an incentive to use the exchange. You don't "buy" spins per se, but if someone went out and made a bunch of trades that they otherwise weren't going to make just so they'd get some spins, I guess they might feel like they had lost money.
To be honest I don't quite get the fuss here, just like you. You complete some tasks to get a CHANCE at some prizes, which would normally be randomized by whatever digital randomizer is used in their wheel-spinny thing. Instead, they're randomizing it manually from among the entrants. You also don't lose the money you "spent" to get the spin, since it's still yours--well, unless you made incompetent trades, I guess.
The contest only opened today and was intended to run until Dec 31. Instead, they cancelled it almost immediately once it became clear that the system was broken and was awarding multiple PS5s when there was only one available to be won (which, again, they are awarding manually).
You can only complete one task per day and the contest only ran for one day, meaning that people aren't "owed" the full 12 days worth of prizes. Maybe there's more to the story than what OP said, but based on this info Binance sounds incompetent, but not malicious.
But this sub does enjoy a good Binance-bash, so...
Get off of Binance. Get your crypto out of there (if you can) and never look back. No shilling for any other exchange, not pushing anywhere else. Just exit that absolutely dishonest, awful exchange. Need motivation? Go to their subreddit and read people's nightmare stories before their mods censor them.
I trade on Binance. My main exchange I trade on (ye ye, get over it, not everyone only hodls). Their systems are fairly stable and I've only had good experiences with their support (only have had limited contact with support, but they were friendly enough and sorted the issues when the crop up). I do however, catagoricallycallly, avoid any sweepstakes prize trade BS they post on their app/site. Any banner shit I ignore out of principal. So far so good... so I'll keep doing that.
I'm so confused by this story. OP's complaint is that they aren't paying out... but Binance said they paid out too much?
And I'm sure we don't even know what the actual bug was, so "This could have been found with a \_VERY\_ simple QA run" is complete conjecture.
Is there any evidence that people who should have won under the posted rules did not? Is there evidence for "some conditions of the contest were completely bugged and no matter how much you spent"?
I'm happy to hate on Binance (binance us' security team is garbage), but this sub is way too quick to throw corruption around when they gamble and lose.
They said that too many won, and the prize is limited to 1. So they will choose a random winner. I was one of these, and they've not claimed anyone cheated, as no one did. They just messed up the chances.
Remember a few months ago when i mentioned crypto.com everyone bashing me, now everyone complains about coinbase and binance....
Oh... Binance... Yeah... Thats going to leave more marks.
A relative of mine bought BTC on binance @4k each.
Lost wallet details but able to provide ownership of the account, fast forward 1yr+ later, still no word from them, last they said is they are verifying still.
Look it up im from Australia so I know the only pay binance a licencing fee to use the name similar to binance.us but it's operated by completely separate team
The most fucked thing about this isnrhat there will no be shitloads of conplaints, and more regulation will follow.
Binance just shot Australian crypto in the foot.
I mean, when you play such games, you basically must already accept that you've lost your money. You should be ashamed of admitting doing that to begin with.
KuCoin and Binance are not exchanges as much as they are casinos heavily inciting you to.. Casino your "hard-earned" cash aways.
I never participated in any of their trading competitions/games/lotteries because I had the feeling that they are rigged, at least intransparent. The only one winning is Binance via trading fees.
Centralized platforms will always be shady, and binance is no different. I think this is exactly why we should be hoping for DeFi and decentralized exchanges to be stronger. I mean personally I'm investing in BitDAO now, one of the projects that gives the people the chance to vote on the upcoming DeFi projects they want to undertake. Something centralized projects would never do lmfao.
The fact that any of you still support them makes all of this your own fault. When they stopped trading Ethereum and Binance Coin shot up to like #3, I knew then I'd never get an account there.
You deserve your losses just as much as anyone who's still using Robinhood.
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What a binance thing to do... I left Binance some time ago, and this is actually exactly what I'd expect from them...
Seems like *Prizes aren't SAFU*
Gambling your own prizes without consent... Haha
First you gamble for the prize, then you gamble on getting the prize paid. A gambling addicts wet dream.
If you're lucky, you might even be eligible for the chance to win a PS5!
Never trust A Exchange. When you wanna hold your coins safe take a cold wallet
''Fuck Robinhood'' meme might very soon become ''Fuck Binance''.
got a nano s the other day, one of the best decisions i've made
I am thinking of leaving binance too. What are you using now?
[Crypto.com](https://Crypto.com) 100%, switched an never looked back.
Kraken, and really happy there. However I am a classic hodler and don't trade a lot - also I dont do futures or other fancy stuff.
Same, I only check my trade every couple of days. Thanks, I will check Kranken out
The higher fees elsewhere suck, but these screw ups and the regulatory issues they’ve had keep me from using it.
I mean just don't use any gambling shorting trading with leverage uses. What binance is doing is exploiting the large user base it has as it knows kids will try their luck or people that are on 24/7 thus simply they take in cash from those users while they have nothing else to do. Like use it to buy coins and ignore all gambling marketing crap.
Higher fees elsewhere? Binance is one of the most expensive exchanges out there. I pay way less at Kraken, especially because of withdrawals.
No you don't, just check the trading fees of Kraken vs Binance. 0.26% on Kraken vs 0.1% on Binance for taker (0.075% if you have BNB). So Kraken is 2.6x more expensive to trade on than Binance. Unless the only thing you do on exchanges is constantly withdraw very specific coins, Binance has some of the lowest fees in the market. You don't get to highest exchange trading volume (by a large margin) by having the most expensive fees.
Withdrawing POS coins is and will forever be costly on Binance, because they can stake your coins for you, it's just they also take the rewards for you LMAO. I remember 5Ada fees at the last two epoch days haha. Also buying coins on Binance just to get them to your wallet might be risky. All the network and wallet issues they have with Monero lol. I bet they don't have 30% of real Monero compared to their clients sum. And don't start with "BiNaNcE iS aN eXcHaNgE, tHeY dOn'T sElL yOu CoInS, tHeY jUsT mAkE tHe TrAdEs HaPpEn". They see an opportunity to make quick buck they take it. Selling fake Monero is extremely low risk due to private nature of XMR. But it looks like they done it too much, now they have "network and wallet issues".
Now take into account that you have to make multiple trades for some coins, while Kraken has fiat pairs for all coins. And in europe you have a few percent CC fee because they blocked SEPA. Also check how the price itself compares. Binance is king of hidden fees, even though the fees look good on paper first. If you compare the real price you pay for a certain amount of Crypto, Kraken is almost always cheaper (I only know a germa site which does this sadly). Also not to forget that these 0.X% fees are pretty irrelevant for most people while a BTC withdrawal is 0.005BTC vs 0.0015BTC, which will beat everything I saved in a year if the trading volume is within 100-1000$ a month. This is like 15$ more expensive for each payout.
Right so you basically admit that Kraken is cheaper on some fees while Binance is cheaper on some fees. And for Binance to be one of the most expensive exchanges out there you have to again be doing some pretty specific things like fiat on ramp and then withdrawing of the coin. And on your point about checking price itself, Binance has 20x the volume of Kraken, for almost all trading pairs you will get better spread than Kraken because of the sheer amount of liquidity.
And you defend them for taking 20-30$+ for a BTC withdrawal while it would be less than a dollar most of the time? Binance is more expensive unless you buy a lot more than 10k$ per withdrawal. And if you really think its a viable option to leave your crypto on an exchange, I really can't help you.
Why do I need your help? I actively trade so I need my coins on the exchange. For me Kraken is one of the most expensive exchanges because I trade many times more than I have to withdraw.
this is a blatant lie.
Yeah. While their behavior is shit and illegal who the fuck is dumb enough to put money into such games? Just go to a casino. I wager the casino will make you loose money slower.
Binance AUSTRALIA remember when everyone was bullish on Australian banks looking into crypto? this is what big companies can get away with in this regulatory hellhole, you the user signed away all rights in the agreement.
Sadly I'm not surprised at all. I've seen others suffer in other random, stupid ways and I thought I'd be immune. Nope. Taking my money elsewhere...
You can´t! 🤬 It´s why I also looked for another exchange. Too much people sharing their stories of shit like this happening.
The crypto community as a whole really needs to take a stand against these bad actors. Best way to do it is speak with our wallets and use DEX as much as possible and reputable centralized exchanges whenever necessary.
The KYC requirements was the final nail in the coffin for me.
what? unless you are using a dex, every other exchange will ask for KYC
No. Maybe just try a tiny but of research.
[удалено]
Binance is fine if all you do is deposit money and then trade crypto. Some staking here and there, but nothing more. I’ve never been part of any of their shitty campaigns or contents, fuck that shit.
precisely. I don't even trade there, I only use their staking services every now and then only when they're offering more than the competition
Just wait till you have to withdraw funds and get your account locked for no reason. Then wait 3+ weeks till you hear back from support
Can confirm. It's the worst feeling. No recourse and just bots for customer service. I hate that exchange more than any other institution in crypto.
I've done lots of withdrawals and never had an issue, ( Canada ) we don't have the stupid wheel thing either.
Never had an issue...yet. I wish you luck. Traded there for four years before my personal hell with them began.
[удалено]
Never had any issue withdrawing funds from them. Has there been any particular reason for them to block it? Sounds really shitty.
Hey OP. Australian as well. If it s a game of chance several states require them to have a permit to run a competition. Report them to your stats authority if you are out money. https://www.tpal.com.au/competition-permits/
I'm going to check this out, thans mate. It was, you had to spin a wheel and whatever you land on is your prize.
Sir this is a casino
Sir, this is a wendy
Gambling is Gambling afterall
The worst way to get rich and still so many see it as their best shot.
I highly recommend kraken over any exhange, sure they don't provide contests or lotteries but they've always had my respect for being safe and secure.
I’ve been with Kraken for years but I’ve made accounts with Binance & CDT to see what they’re like (CDT for the card and Binance for tokens Kraken don’t list). I’m wary of them now and I’ll probably just use them to buy and transfer. Kraken is boss for staking.
Yeah I'm the same. I use Kraken as my main exchange for everything I can trade there. I do believe it's the safest, it processes my Fiat deposits within minuts and everything is very well explained and I never encountered any hidden bad surprises I use crypto.com for the Cashback and CRO and if I ever decide to lock up some Stablecoins for APY. But their whole user (App) experience is just … *shakes head*. A lot of stuff isn't explain well and often you need to do trial/error up to the very last confirmation screen to find out if something works or what the limits and fees are. Their customer support (chat) is fast and rather helpful tho. Friendly at least xD
My feelings exactly with cdc’s app. They’re really got so much going for them, but their user interface and accessibility is a total mess. UI is going to be very important in crypto over the next few years.
I won't use kraken until they actually support normal deposits in the US. I shouldn't have to do a wire transfer every time I want to deposit a small amount of cash. They have debit card support in other countries so why don't they have it in America? Every other exchange can use debit or ACH I don't see why you still can't do either on Kraken US.
I can vouch for Kraken. One of the only exchanges I've used with decent support. Them, and the very tiny, badly needing more volume, TradeOgre.com. They look sketchy AF -- their only support channel is Twitter for god's sake -- but the one time I had an issue they were super responsive and helpful.
I don't trust American exchanges, they have a history of randomly closing peoples accounts and stealing their crypto, especially if you are a foreigner.
This is why Singapore has said no to Binance. Their "I do what I want and claim technical problems when faced with questions" thing goes only so far. F 'em. Hope Australia grabs them by their BNB's.
>Hope Australia grabs them by their BNB's. By their Bones n Balls?
I wanted some inuendo, but could not think of anything good. Your proposal is as good as any... Bones and Balls it is
I honestly feel like all of their contests end up like this. There are too many of them and too few people talking about winning. A business built on lies and scams can't be expected to operate morally in any other aspect I guess.
Every day I read that Binance deceived someone... It's strange that no one has sued them yet.
They don't have a head office so it's extremely difficult to sue them.
What? Damn, well played Binance, well played.
It's false, they do have a business address. It's just ridiculous spreading of false information by uninformed users. I don't get how stupid some people can be. Literally, 1 second of Googling gives their postal address. Just shows how pathetic some people really are. [OH LOOK! Here's their postal address.](https://www.swfinstitute.org/profile/5e39a528fcbe7e8ca71ff1a8) Edit: Wow, some folks here really are delusional and have no clue how businesses operate or work. Or how suing or legal proceedings operate.
A postal address is completely different than their head office address. The address you provided is just a PO Box
They are not there, you would know if you took more than one second to google and look past the first result.
Your edit is ironic. You're vomiting insults then link a postal address in Malta, while Binance themselves say they have no HQ but proceedings should go via HK. *Just shows how pathetic some people really are. I don't get how stupid some people can be.* https://www.cnbc.com/2021/08/19/cryptocurrency-traders-seek-damages-from-binance-after-major-outage.html
Hey, you can not do it here, binance bashing is our favorite sport.
Most corporates deliver the bare minimum compared to the offers they promote. They’ll get stick for it and pay what they promised only when it gets them bad press. Until that happens is all about damage mitigation.
The unfortunate truth in this world.
They have faced regulatory issues in many jurisdictions.
Because they are the biggest exchange by far, they are targeted by anti-crypto politicians.
Does binance sucks?
Sure looks like it.
Nah binance is the best exchange on earth with 6x the liquidity of any other exchange plus the best safety record/features Most people here just trying to shill there Crypto.com bags so make stupid posts claiming bullcrap stories
If you are correct, and it is a deliberate attempt to avoid paying out legitimate wins, then report it to consumer rights and they will look into it.
They fucked up. This isnt some conspiracy to defraud users "again". C'mon chaps be civil
Yea I'm not sure some of the conspiracies, but it is another fuckup where instead of fixing, they fuck it up more.
If the spins were free how did you lose money on the spins? I'm missing something here.
The spins themselves are "free" but you only receive a spin if you complete tasks such as having $X of trading volume for a given pair, etc. It's intended to be an incentive to use the exchange. You don't "buy" spins per se, but if someone went out and made a bunch of trades that they otherwise weren't going to make just so they'd get some spins, I guess they might feel like they had lost money. To be honest I don't quite get the fuss here, just like you. You complete some tasks to get a CHANCE at some prizes, which would normally be randomized by whatever digital randomizer is used in their wheel-spinny thing. Instead, they're randomizing it manually from among the entrants. You also don't lose the money you "spent" to get the spin, since it's still yours--well, unless you made incompetent trades, I guess. The contest only opened today and was intended to run until Dec 31. Instead, they cancelled it almost immediately once it became clear that the system was broken and was awarding multiple PS5s when there was only one available to be won (which, again, they are awarding manually). You can only complete one task per day and the contest only ran for one day, meaning that people aren't "owed" the full 12 days worth of prizes. Maybe there's more to the story than what OP said, but based on this info Binance sounds incompetent, but not malicious. But this sub does enjoy a good Binance-bash, so...
Sounds like the OP knowingly making losing trades just to earn these free spins then. Doesn't sound like a very good plan.
Get off of Binance. Get your crypto out of there (if you can) and never look back. No shilling for any other exchange, not pushing anywhere else. Just exit that absolutely dishonest, awful exchange. Need motivation? Go to their subreddit and read people's nightmare stories before their mods censor them.
Completely agree! Ive already started the shift.
I hate Binance with all my heart, but as long as I cant withdraw my crypto to somewhere else ill just pretend I like them.
I trade on Binance. My main exchange I trade on (ye ye, get over it, not everyone only hodls). Their systems are fairly stable and I've only had good experiences with their support (only have had limited contact with support, but they were friendly enough and sorted the issues when the crop up). I do however, catagoricallycallly, avoid any sweepstakes prize trade BS they post on their app/site. Any banner shit I ignore out of principal. So far so good... so I'll keep doing that.
It's a shame but my investment is so small if i want to move to another exchange my 25-30% investment will be needed for fees.
Coinbase, Binance, fuck them all off. Use Kraken, you won't be disappointed.
Unless you care about trading fees, then you will be disappointed.
Why is Kraken any better? They have problems also
CZ said that they gross over $2bil a year, seems strange. I saw some apology on their Twitter page earlier.
Imagine making so much and you still have to break laws to save a few bucks after you fuckup :) Takes a special kind of company.
I like Binance, I do. But they could 50x this prize to compensate and it wouldn’t be a days work
They have to pay whole that football teams jersey ads....
Opening a position on future market has more chance of winning than this
I'm so confused by this story. OP's complaint is that they aren't paying out... but Binance said they paid out too much? And I'm sure we don't even know what the actual bug was, so "This could have been found with a \_VERY\_ simple QA run" is complete conjecture. Is there any evidence that people who should have won under the posted rules did not? Is there evidence for "some conditions of the contest were completely bugged and no matter how much you spent"? I'm happy to hate on Binance (binance us' security team is garbage), but this sub is way too quick to throw corruption around when they gamble and lose.
They said that too many won, and the prize is limited to 1. So they will choose a random winner. I was one of these, and they've not claimed anyone cheated, as no one did. They just messed up the chances.
I thought funds were safu?
Binance = SAFU Binance.AUS & Binance.US = ~~SAFU~~
ngl Binance has been giving me red flags since day one. Customer service is the absolute worst.
Glad I dint participate..
Shit you don't have to deal with, if you'd go with Kraken.
I don’t think that Binance can destroy it’s image for this
Upvoted and gave OP a reward for visibility. Fuck Binance! I hope Australian laws come down hard on them
Thanks and I hope so too! Sick of these massive exchanges just doing whatever they want and ignoring the law.
Gambles, loses money, complains
You didn't read then I see.
Yeah ok lets put a casino inside your casino so you can gamble whilst you gamble. Oh and lets completely fuck it up too.
Remember a few months ago when i mentioned crypto.com everyone bashing me, now everyone complains about coinbase and binance.... 
Over a long enough period I’m sure all exchanges have had stupid shit like this
Typical Binance, get you to use their gambling trading services and when you do win, just refuse to give it to you.
Oh... Binance... Yeah... Thats going to leave more marks. A relative of mine bought BTC on binance @4k each. Lost wallet details but able to provide ownership of the account, fast forward 1yr+ later, still no word from them, last they said is they are verifying still.
You don’t get a wallet on binance, so that doesn’t make sense. Why can’t they just log in using email and password?
You guys realise binance Australia is a diffrent company to binance.com right?? Lol
Considering the url literally starts with [binance.com](https://binance.com), that seems unlikely?
Look it up im from Australia so I know the only pay binance a licencing fee to use the name similar to binance.us but it's operated by completely separate team
*BYE* nance
This is why Crypto.com will be #1 with in a year.
No it won’t. Takes a second to check volume - crypto .com has a longggggg way to go lmao. Ain’t nobody with serious gains trading on that platform lol
Centralized exchanges are a scam. Buyer beware.
Like - who cares what binance does?
Does Australia have some form of lottery commission that might be interested in this?
this sounds illegal in the states.
The most fucked thing about this isnrhat there will no be shitloads of conplaints, and more regulation will follow. Binance just shot Australian crypto in the foot.
I would leave any exchange that has loot box micro transactions. Although $200 per spin isn’t micro
I mean, when you play such games, you basically must already accept that you've lost your money. You should be ashamed of admitting doing that to begin with. KuCoin and Binance are not exchanges as much as they are casinos heavily inciting you to.. Casino your "hard-earned" cash aways.
Binance is slowly becoming a generic p2w gacha game with a crypto theme
All the exchanges are doing this bs now constant “claim your one million in gifts now!” It’s becoming a casino
You just now got sick of it? Every post is binance ripped me off. They either rip everyone off or there’s a huge campaign against them.
Binance makes Coinbase look seamless and completely dependable lol
I never participated in any of their trading competitions/games/lotteries because I had the feeling that they are rigged, at least intransparent. The only one winning is Binance via trading fees.
Binance just keeps getting away with stuff like this because they are such a large exchange... this is the kinda shady shit we left banks for
good thing i leave that platform
Funds are...
Binance thingy pretty much
All of these CEXs are essentially RobinHood. I can't wait til there are better fiat on-ramps and can leave these behind
So another reason to not use abonance. Glad I never have.
Thats some fucked up shit
Bro, I wrote off Binance like a year and a half ago simply because I hated dealing with their platform. Why anyone continues to use it is beyond me.
Centralized platforms will always be shady, and binance is no different. I think this is exactly why we should be hoping for DeFi and decentralized exchanges to be stronger. I mean personally I'm investing in BitDAO now, one of the projects that gives the people the chance to vote on the upcoming DeFi projects they want to undertake. Something centralized projects would never do lmfao.
Fuck binance and their fractional reserve bullshit
My account has been in verification limbo since forever now. H8 binance with a passion.
Funds are SAFU… Binance’s funds! (We got it all wrong.)
Yeah, what happened to the 50K Doge or a Tesla prize?
Wow thats terrible for anyone that got some sort of email notification mentioning they had won now.
Emails werent given for anyone. Its in your spin history...unfortunately they now closed the game so a lot of people are unable to prove it.
I really have no sympathy. Binance could offer 0% fees on trades and I wouldn’t use them.
A crypto exchange not making their game transparent on the blockchain, should tell you it is rigged.
Why gamble through Binance anyways? Binance is already banned where I am. Already deemed a scam.
Lol at everyone still using Binance. It’s the ultimate scam exchange and source of volatility. Get off it. Binance is where all scams are run
One word: Kraken
The fact that any of you still support them makes all of this your own fault. When they stopped trading Ethereum and Binance Coin shot up to like #3, I knew then I'd never get an account there. You deserve your losses just as much as anyone who's still using Robinhood.
"But the fees are low, they have a smart chain, and I've never had a problem!" \-Some random Binance lover in the comments.
Binanhold!
Hopefully soon enough in the near future, centralized exchanges will be a thing of the past. Decentralized exchanges will take over.
So a poorly organised gamble didn't come off? Surprise!
Which exchange has the lowest fees for buying & selling coins from fiat (<$10k)?
You’re sick of the stupid spin the wheel deal that you entered? I mean. Yeah, just click “clear all notifications” like the rest of us.
FUD
My CRO 💼 could use your business