Binance 360 review

Introduction to Binance 360

Today we are reviewing Binance 360, a leading cryptocurrency signal provider that has gained significant popularity on Telegram claiming to have 90% signal accuracy. With an extensive subscriber base of over 90,000 and a reputation as a trading signal provider, Binance 360 stands out from the competition in the cryptocurrency trading industry. According to the name, this service is probably focused on Binance, one of the largest and most popular cryptocurrency trading platforms in the world. By focusing its efforts on this exchange, Binance 360 aims to capitalize on the unique opportunities available to traders in this ecosystem. In this article, we will look at the features, pros, and potential cons of Binance 360 to help you better understand its offerings and determine if it fits your trading needs. 

Binance 360 Social Media

Interestingly, Binance 360 is absent from popular social networks like Instagram and Twitter. This absence may limit its outreach and connection with potential users, raising questions about its marketing strategy and overall visibility in the crowded crypto signal market.

Telegram

Binance 360 operates exclusively through a Telegram channel, making it the primary and sole source of its trading signals. What sets this channel apart is its impressive subscriber count, which currently stands at over 92,000 members. A year ago, the channel had approximately 48,000 subscribers, indicating a remarkable growth trajectory that has nearly doubled in just one year. This steady increase in subscriber numbers raises intriguing questions: Is this growth the result of clever marketing strategies, or is it a sign of artificial inflation in subscriber count? As we dig deeper into the factors contributing to Binance 360's popularity, we’ll explore the effectiveness of its signal offerings and the overall experience for traders.

However, despite the large number of subscribers, audience engagement appears to be low, with only 2.37% actively engaging with the content. This figure may suggest that while many users have joined the channel, a significant portion of them may not be fully invested in the community or the signals provided.

Adding to the concerns is the fact that the admin of the Telegram channel is completely anonymous. This anonymity can be seen as a red flag for potential subscribers, as it raises questions about accountability, transparency, and the credibility of the signals being shared.

Additionally, the channel claims an impressive 90% signal accuracy, a statement that is questionable due to the absence of third-party verification. While there is a secondary Telegram channel where they share results from a VIP group, using Telegram as a platform to display trade results lacks reliability and transparency. It would be far more effective if Binance 360 utilized specialized platforms designed for tracking trades to provide verifiable and comprehensive performance records.

Interestingly, the channel was originally created in 2021 under the name ارزهای دیجیتال, which translates to "Digital Currencies" in Persian. This choice of name suggests that the founder may have Persian roots or connections to Iran, although this remains speculative. 

The channel provider is fully dedicated to signal services, with a strong emphasis on this aspect. The Telegram channel offers minimal coverage of news or updates related to the cryptocurrency market. Instead, it primarily features numerous screenshots of trade results and provides charts accompanied by technical analysis.

On the second channel, the provider serves as a track record rather than relying on a third-party platform. All reported results are redirected from the VIP Scalp and VIP Binance 360 groups. The Binance 360 provider offers two service plans, referred to as Plan A and Plan B. Notably, the provider claims to deliver returns of 200% to 400% per day, which is highly questionable

Whether such claims can be trusted is ultimately for you to decide. Notably, there are no reported unsuccessful trades on the second channel; every post highlights successful trades

Binance 360 Signals

Let's delve into the analysis of the signals from the channel. Recently, a buy signal was generated for the FET/USDT trading pair within the range of 1.337406 to 1.364700. The provider has highlighted multiple levels for taking profits, which is particularly appealing to traders looking to optimize their gains. Additionally, the substantial stop loss set forth should catch the attention of risk-conscious traders.

Following the execution of the trade, the price movement was impressive, as it surged and reached four profit targets in quick succession. This notable performance underscores the potential profitability of this signal and emphasizes the importance of carefully monitoring such trading opportunities.

The second signal indicated a buy opportunity for ETH/USDT within the range of 2304 to 2351. Similar to the previous trade, this signal features a significantly large stop loss, while the first take profit target is relatively modest. This presents a concerning risk-to-reward (R/R) ratio in each trade, as it indicates that potential losses are substantial, while the gains are comparatively limited. In such scenarios, if a loss occurs, traders would need to achieve several profitable trades to recoup the losses. This imbalance emphasizes the importance of carefully evaluating trade setups and considering whether the potential returns justify the risks involved before entering the market.

The latest example is related to the crypto-asset HOOK/USDT. The provider issued a signal for a short position on this asset, and shortly after opening the trade, the price began to decline, successfully reaching the first three profit targets. However, in the end, it failed to reach the fourth target. A recurring pattern can be identified in this situation: a significant stop loss combined with modest take profit levels. This strategy raises questions about risk management and possible adjustments to improve overall trading performance.

Feedbacks

There is a notable absence of reviews for this provider on prominent platforms such as Trustpilot, which is quite puzzling given that the provider boasts over 90,000 subscribers. Logically, if the provider truly delivers a remarkable 90% accuracy in its signals, one would expect to see numerous testimonials and feedback from users across various online platforms. Yet, this significant lack of reviews raises concerns about the legitimacy and effectiveness of the service.

Interestingly, there is a single review video on YouTube that claims the provider produces satisfactory results. However, the authenticity of this claim remains questionable. It's essential to approach such testimonials with caution, as they may not necessarily reflect the experiences of the broader user base. As potential clients, it is crucial to conduct thorough research and consider multiple perspectives before making decisions based on limited information.

Reviews can often be found on the provider's Telegram channel, presented as screenshots from what appear to be satisfied customers. However, one might question the authenticity of these reviews. Can we truly trust such screenshots as genuine reflections of customer satisfaction?

Conclusion

Binance 360 offered valuable and free signals, demonstrating a decent level of service. However, the lack of transparent records and user reviews raises some red flags, especially when paired with their bold claim of a 90 percent success rate on trades. Additionally, the lack of a social media presence or dedicated website further adds to the uncertainty about their credibility. The Telegram channel itself is pretty “clean” with no news or tutorials, which can be a benefit for those who only want to receive signals. In many ways, this Telegram channel can be an example for others.