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False advertising by Binance!

Binance

Cryptocoins Exchanges / Binance 261 Views

When you go to 'buy crypto with card' and you type in how much you want to buy up to £5000, it tells you how much BTC you will get for your money and what the 1 BTC to £ price is being offered.

So in an example if I say I want to buy £1000 of BTC, it tells me for that money I will get 0.044740 BTC at a price of 1 BTC = 22,351.50 GBP so I proceed and enter my card details and it then presents me with the final review purchase screen.

I check the BTC to receive amount... it looks lower than was was originally promised... perhaps its because the BTC price has changed? I open the 'buy crypto with card' screen again in a new tab and check the price for £1000 of BTC. It is virtually the same price as what was quoted originally!

I go back to the final review screen and check the the price difference between what is being initially advertised per 1 BTC and with what the final review purchase screen offers you. Lo and behold the difference in price is a disgusting £711 more than what was initially advertised! See below.

1 BTC = 23063.16483103 GBP

You receive 0.042492 BTC

Fees 20.00 GBP

Total 1,000.00 GBP

I repeat! This is not a market price change etc, this is a change in the advertised price mid purchase by Binance!

This is completely scummy and unacceptable behaviour Binance.

Sort it out now.

submitted by /u/Darkmetman86
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