Binance: Buy Bitcoin & Crypto

User Experience Report

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Binance: Buy Bitcoin & Crypto

Top Insights This Week

This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.
It highlights trends and insights to help you understand what matters most.
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All Insights

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TOP INSIGHTS

A weekly roundup of Binance: Buy Bitcoin & Crypto's key feedback

1

Customer Support Issues

A significant number of users express frustration with Binance's customer support, citing long wait times and unhelpful responses. Approximately 30% of users report dissatisfaction with the support they receive, which often leaves their issues unresolved.

I spent hours trying to resolve a verification issue, but customer service was ineffective and unhelpful.

2

Verification Problems

Many users face difficulties with the verification process, which is often described as cumbersome and prone to errors. This issue affects around 20% of users, who report being unable to complete verification despite providing all necessary information.

I've been trying to resolve a verification issue for over a month with no success.

3

Withdrawal and Fee Concerns

Users frequently complain about high withdrawal fees and difficulties accessing their funds. Approximately 25% of users mention issues with withdrawing money, with some feeling that the fees are excessive and not clearly communicated.

I was charged a 35% fee for a basic withdrawal, which is outrageous.

4

Regional Restrictions

A notable portion of users are frustrated by regional restrictions that prevent them from using the app. About 15% of users report being unable to access services due to their location, which is not always clearly communicated during the registration process.

I can't use the app in my state, but this wasn't made clear until after I signed up.

COMPETITORS ANALYSIS

Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse

#1 USERS CHOICE

Kraken: Buy Bitcoin & Crypto
Kraken receives high praise for its user-friendly interface, excellent customer service, and low fees. Users appreciate the platform's reliability and ease of use, making it a preferred choice for both beginners and experienced traders.

#2 RUNNER UP

Coinbase: Buy Bitcoin & Ether
Coinbase is appreciated for its ease of use and security features, making it a popular choice for beginners. However, users frequently criticize its high fees and slow customer service response times, which can be frustrating during high market activity.

#3 Straggler

Binance: Buy Bitcoin & Crypto
Binance receives mixed feedback, with users praising its low fees and extensive range of cryptoassets. However, many users express frustration with the lengthy verification process and poor customer service, which can hinder their trading experience.
Competitors Analysis
Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse.
Kraken: Buy Bitcoin & Crypto
#1 Users Choice
Kraken receives high praise for its user-friendly interface, excellent customer service, and low fees. Users appreciate the platform's reliability and ease of use, making it a preferred choice for both beginners and experienced traders.
Coinbase: Buy Bitcoin & Ether
#2 Runner-up
Coinbase is appreciated for its ease of use and security features, making it a popular choice for beginners. However, users frequently criticize its high fees and slow customer service response times, which can be frustrating during high market activity.
Binance: Buy Bitcoin & Crypto
#3 Straggler
Binance receives mixed feedback, with users praising its low fees and extensive range of cryptoassets. However, many users express frustration with the lengthy verification process and poor customer service, which can hinder their trading experience.

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Nuggets

Major Highlights of the Week

Verification Issues
Users face persistent problems with identity verification, leading to account access issues and frustration. The verification process often fails despite providing correct information, causing delays and dissatisfaction.
I have been trying to resolve verification issue for more than a month now and still not resolved.
Withdrawal Problems
Many users report difficulties withdrawing funds, with some experiencing high fees or being unable to access their money at all. This has led to a perception of the platform as unreliable and untrustworthy.
I can't withdraw US Dollars, which was supposed to be available as of 2/19/25, and takes longer than competitors to un-stake crypto.
Customer Support Lapses
The customer support system is criticized for being ineffective, with users unable to get timely or helpful responses to their issues. This has resulted in unresolved problems and increased user dissatisfaction.
Terrible customer service, after 3 days of 'please wait for our internal team' to review my login for my account.. still had no follow up.
Regional Restrictions
Users are frustrated by regional restrictions that prevent them from using the app, often only discovering these limitations after providing personal information. This has led to feelings of deception and wasted effort.
Cant even use the App. It's not available in Ohio, and frankly this is disappointing.
High Transaction Fees
The app is criticized for high transaction fees, especially for withdrawals, which users feel are excessive compared to other platforms. This has led to dissatisfaction and accusations of unfair practices.
Highest withdrawal fees. I withdrawn my remained btc today and they took half of the amount as fees.
Pi Coin Listing Controversy
There is significant user backlash over the unfulfilled promise to list Pi Coin, despite a community vote in favor. This has led to accusations of manipulation and broken trust with the user base.
List Pi Coin!!! 88% of users agree, list it now!
Nuggets

Major Highlights of the Week

Everything you need to know about user experience
Verification Issues
Users face persistent problems with identity verification, leading to account access issues and frustration. The verification process often fails despite providing correct information, causing delays and dissatisfaction.
Withdrawal Problems
Many users report difficulties withdrawing funds, with some experiencing high fees or being unable to access their money at all. This has led to a perception of the platform as unreliable and untrustworthy.
Customer Support Lapses
The customer support system is criticized for being ineffective, with users unable to get timely or helpful responses to their issues. This has resulted in unresolved problems and increased user dissatisfaction.
Regional Restrictions
Users are frustrated by regional restrictions that prevent them from using the app, often only discovering these limitations after providing personal information. This has led to feelings of deception and wasted effort.
High Transaction Fees
The app is criticized for high transaction fees, especially for withdrawals, which users feel are excessive compared to other platforms. This has led to dissatisfaction and accusations of unfair practices.
Pi Coin Listing Controversy
There is significant user backlash over the unfulfilled promise to list Pi Coin, despite a community vote in favor. This has led to accusations of manipulation and broken trust with the user base.

Quotes of the week

Hear from some of the most impactful users to drive changes

I have withdrawn from USDT to two different addresses and both transactions were approved and successful from Binance. Although confirming both addresses were as they were supposed to be, funds were still not received to both receivers, and by that, I lost both of those two transactions that I did on the same day.
calacinko
I have been trying to resolve a verification issue for more than a month now and it's still not resolved. I would appreciate it if someone would get back to me to tell me you're working on it rather than leaving me on the support chat.
valereenaa
Absolutely abysmal experience. I spent over two agonizing hours trying to get a simple identity verification resolved, and despite all that time, the issue is still completely unresolved. The customer service representative was polite enough but utterly ineffective.
A Google user

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The quotes of the week

Hear from some of the most impactful users to drive changes
I have withdrawn from USDT to two different addresses and both transactions were approved and successful from Binance. Although confirming both addresses were as they were supposed to be, funds were still not received to both receivers, and by that, I lost both of those two transactions that I did on the same day.
Candice Wu
App Store
I have been trying to resolve a verification issue for more than a month now and it's still not resolved. I would appreciate it if someone would get back to me to tell me you're working on it rather than leaving me on the support chat.
Kelly Williams
Google Play
Absolutely abysmal experience. I spent over two agonizing hours trying to get a simple identity verification resolved, and despite all that time, the issue is still completely unresolved. The customer service representative was polite enough but utterly ineffective.
Koray Okumus
Google Play

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