Binance reviews

4.0

77% would recommend to a friend

(1,227 total reviews)
avatar

Richard Teng

87% approve of CEO

76% positive business outlook

Binance has an employee rating of 4.0 out of 5 stars, based on 1,227 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Binance employee rating is in line with the average (within 1 standard deviation) for employers within the Tecnologia da informação industry (3.9 stars).

Reviews by job title

1K reviews
1.0
Aug 9, 2021
Recommend
Business Outlook

Pros

Flexibility in working from home. Monthly food and transport allowance (although tiny amount). Pay on par with industry average.

Cons

The company lacks basic respect of employees. Some incapable young leaders rose to the top just because they joined the firm early, but they have no idea how to lead. Result-driven culture just means crazy KPIs, and the company (all at least my team) expect most people standby and ready to work 7 days a week, including holidays, to do meaningless things. Some people slack during the day but start to message others during the night and Sundays, just to show they are hard working. After you join the company, you will be told not to tell your friend you are employed by Binance (except a few they granted exemption), because Binance hires lot of ppl from places they are not supposed to have operations. The contracting company you sign will also not be Binance or it's subsidiary, and it will just be one of the shell companies that the founding team created. There are many grey areas this company operates in, and some areas are straightly illegal. You will be told you don't need to pay tax if you receive your compensation in BNB I strongly encourage you to do your own research before you decide to join. If you care about your long term career prospect, I would recommend you to join a more compliance crypto company (and there are many out there)

2.0
Aug 25, 2020

A mess behind the scenes

Recommend
Business Outlook

Pros

Generous compensation and flexible remote working options. Strong brand in the crypto space. The team is generally enthusiastic and passionate about the company’s mission.

Cons

Professionalism is low; the work culture is often inconsiderate of peoples’ time. Team members aren’t fully empowered to be truly effective in their roles. Management is highly guarded and actively puts teams against each other. Team leaders and middle managers have difficulty resolving conflicts without CEO involvement.

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Binance Response
4y
We're sorry to hear you had some difficulties during our scrappy start up phase of hype-growth. We have made significant progress since then in reducing conflicting objectives that may cause friction across teams and have further embedded the unified Binance culture that enables better cross-team collaboration,
1.0
Sep 27, 2023

Worst Company in the World

Anonymous employee
Recommend
Business Outlook

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….

Viewing 22 - 24 of 1,227 Reviews

Glassdoor has 1,582 Binance reviews submitted anonymously by Binance employees. Read employee reviews and ratings on Glassdoor to decide if Binance is right for you.