Binance: Buy Bitcoin & Crypto

User Experience Report

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This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.

Highlights trends and insights

Helps you understand what matters most

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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 difficulties in resolving issues through the support system.

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

2

Withdrawal Problems

Many users are experiencing issues with withdrawing funds, with some reporting high fees and others unable to access their money at all. This affects about 25% of users, leading to concerns about the platform's reliability.

I can't withdraw my funds, and the fees are exorbitant compared to other platforms.

3

Verification Delays

Users frequently encounter delays in the verification process, which can take weeks or even months, preventing them from accessing their accounts. This issue impacts around 20% of users, causing significant frustration.

I've been waiting for weeks to get my account verified, and support hasn't been helpful.

4

High Transaction Fees

A notable portion of users are dissatisfied with the high transaction fees, especially when compared to other platforms. Approximately 15% of users mention that the fees are not clearly communicated and are unexpectedly high.

The transaction fees are outrageously high, making it difficult to justify using Binance over other exchanges.

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, low fees, and excellent customer service. Users appreciate the platform's reliability and ease of use, making it a preferred choice over competitors like Coinbase.

#2 RUNNER UP

Coinbase: Buy Bitcoin & Ether
Coinbase is appreciated for its ease of use and security features, but users express frustration with frequent updates and high fees. While many find it user-friendly, others criticize its customer service and account management issues.

#3 Straggler

Binance: Buy Bitcoin & Crypto
Binance receives mixed feedback, with users praising its low fees and variety of cryptoassets, but criticizing its customer service and verification process. Some users report issues with account access and app performance, leading to frustration.
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, low fees, and excellent customer service. Users appreciate the platform's reliability and ease of use, making it a preferred choice over competitors like Coinbase.
Coinbase: Buy Bitcoin & Ether
#2 Runner-up
Coinbase is appreciated for its ease of use and security features, but users express frustration with frequent updates and high fees. While many find it user-friendly, others criticize its customer service and account management issues.
Binance: Buy Bitcoin & Crypto
#3 Straggler
Binance receives mixed feedback, with users praising its low fees and variety of cryptoassets, but criticizing its customer service and verification process. Some users report issues with account access and app performance, leading to frustration.

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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 inability to trade. The verification process is often described as cumbersome and ineffective, causing frustration and distrust.
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 and others unable to access their money at all. This has led to accusations of the platform being a scam and causing significant user dissatisfaction.
I can't withdraw your money!! I went to download this app in hopes to be able to send and rx money.
Customer Support Lapses
The customer support system is criticized for being unresponsive and ineffective, with users unable to get timely help for their issues. This has resulted in a negative perception of the platform's reliability and trustworthiness.
Waste of time trying to get support - do not trust.
High Transaction Fees
Users are frustrated with the high transaction fees, especially when compared to other platforms. This has led to complaints about the platform being a money grab and not providing value for money.
Withdrawing only $300 worth of BTC incurs a fee of $53.00!
Regional Restrictions
The app's availability is limited in certain regions, causing frustration among users who are unable to access services despite providing personal information. This has led to accusations of misleading practices.
I can't use the App. It's not available in Ohio, and frankly this is disappointing.
App Functionality Issues
Users experience frequent technical issues with the app, such as login problems, slow updates, and broken features. These issues hinder the user experience and lead to dissatisfaction.
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 inability to trade. The verification process is often described as cumbersome and ineffective, causing frustration and distrust.
Withdrawal Problems
Many users report difficulties withdrawing funds, with some experiencing high fees and others unable to access their money at all. This has led to accusations of the platform being a scam and causing significant user dissatisfaction.
Customer Support Lapses
The customer support system is criticized for being unresponsive and ineffective, with users unable to get timely help for their issues. This has resulted in a negative perception of the platform's reliability and trustworthiness.
High Transaction Fees
Users are frustrated with the high transaction fees, especially when compared to other platforms. This has led to complaints about the platform being a money grab and not providing value for money.
Regional Restrictions
The app's availability is limited in certain regions, causing frustration among users who are unable to access services despite providing personal information. This has led to accusations of misleading practices.
App Functionality Issues
Users experience frequent technical issues with the app, such as login problems, slow updates, and broken features. These issues hinder the user experience and lead to dissatisfaction.

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
Customer support is terrible and rude, which is why I am not giving a max rating.
denzoko
I have been trying to resolve a verification issue for more than a month now and it's still not resolved. I would appreciate if someone would get back to me to tell me you’re working on it rather than leaving me on the support chat.
valereenaa

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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
Customer support is terrible and rude, which is why I am not giving a max rating.
Kelly Williams
Google Play
I have been trying to resolve a verification issue for more than a month now and it's still not resolved. I would appreciate if someone would get back to me to tell me you’re working on it rather than leaving me on the support chat.
Koray Okumus
Google Play

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