Binance Review
Binance is the largest exchange for cryptocurrencies across the globe. It is the best exchange for experienced traders. Don’t miss out on the chance of trading through the world’s largest crypto exchange.
-
Reputation
-
Customer Support
-
Fees
-
App Design
-
Ease of Use
Binance is the largest cryptocurrency exchange founded in 2017 in Hong Kong, with an average 24 hour trading volume of $28 Billion USD, 370 markets and 950 pairs ready to trade in over 40 fiat currencies across the globe.
The investors can experience advanced features, low fees, and access to hundreds of cryptocurrencies. However, Binance is unavailable to users from the U.S. and for this reason, they have to use Binance US, which has fewer features compared to Binance and offers about 60 cryptocurrencies.
The Binance exchange prominently focuses on the trading of altcoins but also offers to trade in DeFi tokens, Bitcoins, and stablecoins. The Binance offers the largest number of fiat-crypto pairs to its users. Binance provides advanced charting compared to other available exchanges and is best suited for users who want to utilize this feature. The Binance provides graphing capabilities, data, and tools at low prices that are extraordinary and come with your account. It also offers an NFT platform, a complete learning platform, and several other services in addition to its capabilities and tools.
The Binance exchanges offer various tools for trading purposes including exponential moving averages and real-time charting tools with moving averages. There is a Binance app, Desktop app, and Binance website available for trading. Traders utilize the Binance interface for checking the price charts and order book, as well as they can also their transaction history and portfolios.
Binance is the cheapest exchange among all available exchanges but on Binance.US users have to pay slightly more fees. Binance has a maker/taker fee structure, with varying fees depending on BNB balance and trade volume. In general, lesser fees are applied to bigger volume trades.
The security features of Binance include address whitelisting, short message service (SMS) or two-factor authentication (2FA) through the Google Authenticator app, device access restricting ability, and device management. The Binance.US offers FDIC insurance to U.S. dollar balances that are held in custodial bank accounts.
Binance offers over 58 deposit options including Bank Transfer, Debit or Credit Card, peer to peer trading and Binance pay.
Users can withdraw crypto into 14 major fiat currencies including USD, GBP and EUR as well as a withdrawal into Fiat Wallet and Crypto exchanges worldwide.
Pros
- Lite version is beginner friendly
- Regulated & Insured by various organisations
- High staking rewards
- Advanced trading platform
- Possibly all deposit methods are available
- Generous freebies offers
Cons
- Pro mode is complex and confusing
- No phone support
- Complex fee structure
- Complicated verification process
Supported Coins
- Aave
- AdEx
- aelf
- Aeron
- Aeternity
- Agrello
- Aion
- AirSwap
- Algorand
- Ambrosus
- Ankr
- AppCoins
- Ardor
- Ark
- Augur
- Bancor
- Basic Attention Token
- Binance Coin
- Binance GBP Stable Coin
- Bitcoin
- Bitcoin BEP2
- Bitcoin Cash
- Bitcoin Diamond
- Bitcoin Gold
- BitShares
- BitTorrent
- BlockMason Credit Protocol
- Blox
- Bluzelle
- Bread
- Cardano
- Celer Network
- Chainlink
- Cindicator
- Civic
- Cocos-BCX
- Contentos
- Cosmos
- com
- CyberMiles
- Dash
- Decentraland
- Decred
- Dent
- DigixDAO
- district0x
- Dock
- Dogecoin
- Dusk Network
- Eidoo
- Elrond
- Enigma
- Enjin Coin
- EOS
- Ethereum
- Ethereum Classic
- Etherparty
- Ethos
- Everex
- Fantom
- Fetch
- FunFair
- Gas
- Genesis Vision
- Gifto
- GoChain
- Golem
- Groestlcoin
- GXChain
- Harmony
- Holo
- Horizen
- HyperCash
- ICON
- iExec RLC
- Insolar
- IOST
- IOTA
- IoTeX
- Komodo
- Kyber Network
- Lisk
- Litecoin
- Loom Network
- Loopring
- Lunyr
- Mainframe
- Matic Network
- Metal
- Mithril
- Moeda Loyalty Points
- Monero
- Monetha
- Nano
- NavCoin
- Neblio
- Nebulas
- NEM
- NEO
- Nexus
- Nucleus Vision
- NULS
- OAX
- OmiseGO
- Ontology
- Ontology Gas
- OST
- Paxos Standard Token
- PIVX
- et
- POA Network
- Polymath
- Populous
- Power Ledger
- Pundi X
- QLC Chain
- Qtum
- Quantstamp
- QuarkChain
- Raiden Network Token
- Ravencoin
- Red Pulse Phoenix
- Ren
- Request
- Ripio Credit Network
- Selfkey
- Siacoin
- SingularDTV
- SingularityNET
- Skycoin
- SONM
- StableUSD
- Status
- Steem
- Stellar
- Storj
- Storm
- Stratis
- Streamr DATAcoin
- Syscoin
- Tael
- THETA
- Theta Fuel
- Tierion
- Time New Bank
- TRON
- TrueUSD
- USD Coin
- VeChain
- Verge
- Viacoin
- VIBE
- Viberate
- Waltonchain
- Wanchain
- Waves
- WePower
- WINk
- XRP
- YOYOW
- Zcash
- Zcoin
- Zilliqa
Final Thoughts
Binance is the popular cryptocurrency exchange, by trading volume, it is the largest exchange for cryptocurrencies across the globe. The main focus of Binance is on the trading of altcoins but also offers to trade in DeFi tokens, Bitcoins, and stablecoins. It has thousands of trading pairs and over 300 markets for the trading of various cryptocurrencies across the globe. It is the best exchange for experienced traders. Don’t miss out the chance of trading through the world’s largest crypto exchange.