Binance reviews

4.0

77% would recommend to a friend

(1,230 total reviews)
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Richard Teng

87% approve of CEO

76% positive business outlook

Binance has an employee rating of 4.0 out of 5 stars, based on 1,230 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 Information Technology industry (3.9 stars).

Reviews by job title

1K reviews
1.0
Aug 9, 2021
Recommend
CEO approval
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)

1.0
Oct 13, 2021
Recommend
CEO approval
Business Outlook

Pros

WFH Average salary with good bonus

Cons

No respect to employees Expect you to standby 24/7 Disaster if you cannot speak Chinese Crazy KPIs that you cannot meet Minimal to 0 training Ridiculous turnover rate, people leaving in months even in weeks! Employee wellness, mental and physical, is never a priority here Long working hours

1.0
Apr 23, 2022

No regret leaving Binance

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Visionary leader - CZ. That's all.

Cons

The only worthy moment was the casual chats with CZ to understand his vision for the crypto industry and Binance. Apart from this, the rest of work environment is simply toxic. Some reasons: 1. The whole org is expanding too fast. CZ believes in decentralisation in work and it creates opportunists who take advantage of others' work or passing blame when things went wrong. HR team is incapable and the team hierarchy/structure do not promote any fair system to fully investigate most incidents. Results: Bad blood stays on, proliferate and continue to leech on new blood that onboard into Binance. 2. Plenty of incapable and toxic so-called young and promising leaders (just because they joined Binance at the early years thus trusted by the top). These are the people who would rotate to different teams and functions every quarter, arm with their incapabilities, only to find themselves staying afloat by doing the bare minimum and "talk" their way out. Result: Bad leaders stays, good team members lost faith and quit. 3. Toxic work cultures. They would sold the idea that people who work in Binance are "passionate", would be willing to clock in so many hours willingly. Due to peer pressure, most would conformed "or succumbed" to this and do the same, else risked your performance. Result: People burnt out or jeopardized their mental health, I've seen so many people quitting due to this and the HR or company do not simply care. 4. Self-proclaimed "innovative" and "user focused". But these values are determined top-down, the one on top and "louder" gets to say on what is innovative and what is user focused, not by the real facts. Result: Putting on a good show but the product experience improves very slowly. 5. People are rewarded for being unethical and smart (that's how you survived in an unregulated and unstructured work environment), or incapable and lucky (so you get trusted by your boss because you posed no threat to them). Result: I'm still seeing my incapable boss appearing in many of Binance events alongside ahem ** LOL). Last note: If you are adventurous and thrive in unstructured work environment, passionate about crypto, enjoying non-worklife balance, "ruthlessly" smart - then this might be an ideal place for you.

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