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Binance Unfair to GBP Holders with Poor USDT Rate

Binance’s treatment of GBP users has been nothing short of disgraceful. First, they blocked all GBP transactions, then they announced a forced conversion to USDT at a terrible, artificially low rate—always stuck at 1.22 while the market rate is significantly higher. This is nothing less than daylight robbery, a blatant attempt to squeeze extra profits from users who trusted their platform. If this is how they treat their customers, I can’t imagine why anyone would continue using their services. Avoid Binance unless you enjoy being exploited.

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Date of experience: Feb 13, 2025