Hello,
I wanted to open an account with Binance, but looking at all the negative reviews, having second thoughts.
https://de.trustpilot.com/review/binance.com
https://www.handelsblatt.com/vergleich/binance/
The main pain points are
- Bad/worst support?
- No easy way to get their money out.
- KYC - I find that even for operating the account, I have to undergo full KYC, including a photograph and ID proof. I read online that this is only required for trading more than 2 BTC per day. Not the case!
- Additionally, Are all these details used when buying crypto. Then they are already making all information public, is this the way to go in future?
Am I understanding correctly? Is Binance aware of this, have they done something to solve these problems, I understand they are one of the biggest players in the field, correct me if I am wrong.
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