Binance Reviews
Updated Sep 28, 2023
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- "Flexible schedule, work from home, good pay, most successful and forefront crypto exchange." (in 27 reviews)
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- 5.0Aug 15, 2023Customer Service RepresentativeFormer Employee, less than 1 yearBrazil, IN
Pros
Good benifits, you should def look for an opportunity
Cons
CS gets fired a lot
4Binance Response2mo
We gratefully appreciate your feedback and your contribution to increasing the freedom of money. Although we’re relentlessly increasing talent density, some of the departing staff are not leaving because of their individual performance - it’s a reflection of the challenging regulatory and market environment, similar to how it’s done by many other companies. We have grown significantly in the past few years, thanks to all of your contributions, but we have to make tough choices to be more efficient and lean at this stage. We hope that we can lean on your passion and expertise again in the future.
- 1.0Sep 27, 2023Anonymous EmployeeFormer Employee
Pros
Compensation is decent. Some good people work at the company. Exciting industry to be a part of
Cons
Company is super dodgy - as can be seen from their current global regulatory issues. They have also paid off people in certain markets to make their criminal issues go away. They have built inferior internal tools to replace Microsoft Office and Google Suites in order to avoid easy access for US authorities to their information. They suffer from massive hubris, believing they have reinvented the corporation in just 5 years. they refuse to do a forecast for example - something that would have allowed them to spot early on that they were over-hiring, rather than then letting go of 1,500 people they had pulled out of good jobs but could not afford CZ recites his latest management book readings as though they are gospel, but has no idea how to actually manage people, and he and his co-founders maintain a tight inner circle that controls all decisions - even those they are spectacularly unqualified to make. The culture is toxic, most conversations are extremely transactional - everyone works remote, no one switches on their cameras, some people use aliases, and no one bothers with relationship building. Why would you? The turnover is astonishingly high - people leave without any announcement being made and suddenly you have to find someone else to turn to for information. Again, because they are so dodgy, they don’t have proper org charts which makes it a nightmare internally trying to find someone to help you with your work Avoid, avoid, avoid….
7
Binance Reviews FAQs
Binance has an overall rating of 3.1 out of 5, based on over 633 reviews left anonymously by employees. 43% of employees would recommend working at Binance to a friend and 38% have a positive outlook for the business. This rating has decreased by -14% over the last 12 months.
43% of Binance employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Binance 2.4 out of 5 for work life balance, 2.8 for culture and values and 3.1 for career opportunities.
According to reviews on Glassdoor, employees commonly mention the pros of working at Binance to be benefits, coworkers, compensation and the cons to be career development, management, culture.