Since launching in 2017, Binance has quickly become the world’s largest cryptocurrency exchange by trading volume, offering traders access to hundreds of digital assets. Its meteoric rise has been fueled by consistent innovation, user-friendly interfaces, and some of the lowest fees in the crypto space.
In our comprehensive Binance review, we’ll provide an unbiased look at the platform’s key features, strengths and weaknesses. We’ll examine everything from signing up and trading on Binance to its security measures and customer support. Beyond just the exchange itself, we’ll also dive into the wider Binance ecosystem including the BNB token, Binance Chain, Binance DEX, and the many other products offered.
Our goal is to provide the most thorough and detailed Binance review available, enabling readers to make an informed decision about whether Binance is the right cryptocurrency exchange for their needs. We aim to highlight both the advantages and disadvantages of trading on Binance compared to other top crypto exchanges.
By the end of this review, readers will have a clear understanding of Binance’s fees, supported assets, trading platforms, security, regulation status, and overall reputation. Whether a beginner looking to buy their first crypto or an advanced trader exploring derivatives, our review covers everything you need to know to decide if Binance is the right fit. Let’s begin our comprehensive look at the world’s top cryptocurrency exchange.
Quick Verdict: As the world’s largest crypto exchange offering low fees, deep liquidity, and an unparalleled range of innovative crypto products, Binance stands as the leading one-stop platform for beginners to pro traders.
Quick Facts
| Category | Information |
|---|---|
| Launch Date | September 2017 |
| Headquarters | Cayman Islands |
| Founders | Changpeng Zhao, Yi He |
| Trading Volume | $76 billion daily average (Q3 2022) |
| Supported Assets | Over 600 cryptocurrencies |
| Trading Fees | 0.1% – 0.02% based on 30-day volume |
| Security | Address whitelisting, 2FA, Cold storage |
| Funding | Credit/debit card, Bank transfer, P2P |
| Products | Spot, Futures, Margin, Launchpad, Lending, Staking, NFTs, DeFi, Wallet |
| Countries Served | 180+ countries, restricted in US/UK |
| Mobile Apps | iOS, Android |
| Website | binance.com |
How to Signup
Registering an account on Binance is a straightforward process that only takes a couple of minutes. To get started, visit the Binance website and click “Register” in the top right corner.
You’ll be prompted to enter your email address and create a secure password. Binance requires a strong password for account security, so be sure to use an alphanumeric combination of upper and lower case letters, numbers, and symbols.
After creating your password, agree to Binance’s Terms of Service and Privacy Policy. You’ll then receive a confirmation email to verify your address. Click the link in the email to complete the verification process.
With your email verified, it’s time to set up two-factor authentication (2FA). 2FA adds an extra layer of security to your account by requiring both your password and a secondary one-time code to login. On Binance, you can enable 2FA through Google Authenticator or SMS. We highly recommend using Google Authenticator for the best security.
The final step is to complete Binance’s know-your-customer (KYC) verification by uploading a government-issued ID and proof of address. This identity verification is required to unlock full account features and higher trading limits.
Once your documentation is reviewed and approved by Binance, your account will be fully activated. You can now deposit funds and start trading! The entire sign-up process usually only takes about 5-10 minutes.
Trading Fees
One of the biggest advantages of using Binance is its competitive trading fees. The exchange uses a maker-taker fee structure where fees are based on your 30-day trading volume and whether you are adding or removing liquidity.
For spot trading, the standard maker fee is 0.1% and the taker fee is 0.1%. However, users with higher 30-day trading volumes can qualify for reduced fees down to 0%.
If you hold Binance Coin (BNB) in your account, you can get an additional 25% discount on trading fees. This offers a major incentive to use BNB.
Here’s a breakdown of the spot trading fee tiers:
| Trading Fees | Maker Fee | Taker Fee |
|---|---|---|
| Spot Trading | ||
| Level 1: <50 BTC | 0.1% | 0.1% |
| Level 2: 50-100 BTC | 0.09% | 0.1% |
| Level 3: 100-500 BTC | 0.08% | 0.1% |
| Level 4: 500-1000 BTC | 0.07% | 0.1% |
| Level 5: 1000-3000 BTC | 0.06% | 0.1% |
| Level 6: 3000-6000 BTC | 0.05% | 0.1% |
| Level 7: 6000-12000 BTC | 0.04% | 0.1% |
| Level 8: >12000 BTC | 0% | 0.09% |
| Derivatives Trading | ||
| Binance Futures | 0.02% | 0.04% |
| Deposit Fees | None | |
| Withdrawal Fees | Vary by asset |
For derivatives trading on Binance Futures, the fees are slightly higher but still very competitive. The maker fee is 0.02% and the taker fee is 0.04%.
There are no fees at all for depositing crypto onto Binance. Withdrawal fees vary depending on the digital asset being withdrawn. Overall, the trading fees on Binance are among the lowest in the industry.
Deposits & Withdrawals
Depositing Cryptocurrency
To start trading on Binance, you’ll first need to deposit some cryptocurrency. This is easy to do by following these steps:
- Log into your Binance account and click “Wallet” then “Spot Wallet.”
- Search for the cryptocurrency you want to deposit and click “Deposit.”
- You will see the wallet address for that asset. Copy the address provided.
- Go to the external crypto wallet where you are storing the funds and initiate a withdrawal/send transaction, pasting the Binance deposit address.
- Wait for the deposit to be confirmed on the blockchain network. This timing varies by asset.
Once confirmed, your funds will show in your Binance Spot Wallet balance ready to trade with. There are no deposit fees charged by Binance.
Withdrawing Cryptocurrency
To withdraw funds from Binance, follow these steps:
- Go to your Spot Wallet and search for the cryptocurrency you want to withdraw.
- Click “Withdraw” and enter the amount to withdraw.
- Paste the external crypto wallet address you want to withdraw to.
- Click Submit and confirm the withdrawal details.
- A withdrawal fee will be shown that varies based on the asset.
- You will receive an email once the withdrawal is processed. Expect withdrawal times to vary based on the blockchain.
Fiat Deposits
To deposit fiat currency like USD, EUR, or GBP, go to “Buy Crypto” and select your desired currency and payment method such as bank transfer or card payment. Follow the on-screen instructions to complete your purchase and deposit.
Fiat Withdrawals
To cash out to fiat currency, go to “Sell Crypto” and select your fiat currency and linked bank account. Submit a sell order for the crypto you want to withdraw as fiat and complete any required verification steps. Expect about 1-4 business days for fiat withdrawals to process.
Trading Interface
Binance offers a robust, easy-to-use trading interface available on desktop, mobile, and API. There are two main trading platforms: Spot or Convert
Spot Trading Platform
Spot trading is the core Binance trading screen. It shows real-time candlestick charts and depth charts for the selected trading pair. You can place market, limit, and stop-limit orders directly on the charts. The platform also provides basic drawing tools for charting.
The spot trading platform offers a full suite of order types including:
- Market Orders
- Limit Orders
- Stop-Limit Orders
- OCO (One Cancels the Other) Orders
- Post-Only Orders
- Isolated Margin Orders
Binance Convert
This is the easiest way for beginners to easily trade the crypto of their choice without having to visit a trading screen. You simply enter your trade using drop down boxes and choose market or limit to execute the trade.
How to Trade
Here’s how to make a trade on Binance using the post trading interface.
- Log into your Binance account and navigate to the “Exchange” tab. This will bring you to the trading screen.
- In the top menu, choose between the Basic, Classic, or Advanced trading platforms. For this example we’ll use Classic.
- On the right side you’ll see a list of trading pairs. Search for the pair you want to trade, like BTC/USDT. Click on the pair to bring up the trading chart.
- At the bottom of the screen you’ll see options for Market, Limit, and Stop-Limit orders. Choose your desired order type.
- For a market order, simply enter the amount of the quote asset you want to buy or sell at current market prices. For example, enter “0.5” to buy 0.5 BTC at market price.
- For a limit or stop-limit order, also enter your target price in addition to the order amount.
- Double check your order details and then click the “Buy” or “Sell” button to place the order.
- You will see your open order displayed on the “Open Orders” tab. Once it is filled, it will move to your “Order History.”
- You can also check your updated asset balances and equity in your account overview.
That’s the basic process! Trading on Binance is very intuitive and user-friendly. With the Classic or Advanced platforms you also get access to advanced order types and charting tools for more advanced trades.
Supported Cryptocurrency
One of Binance’s biggest strengths is the sheer number of cryptocurrencies it supports. With over 600 coins and tokens listed, it has one of the largest offerings in the industry.
Some of the major cryptocurrencies available on Binance include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Cardano (ADA)
- Ripple (XRP)
- Polkadot (DOT)
- Dogecoin (DOGE)
- Solana (SOL)
- Avalanche (AVAX)
In addition to the most popular coins, Binance is known for listing many smaller cap altcoins not readily available on other major exchanges. New cryptocurrencies are often quickly added after their initial coin offering.
Binance also supports numerous stablecoins that are pegged to fiat currencies, like:
- Tether (USDT)
- USD Coin (USDC)
- Binance USD (BUSD)
- DAI
For traders looking for diversity, you really can’t beat the selection of digital assets available on Binance. The exchange continually evaluates and lists new cryptocurrencies to give traders access to up and coming projects.
The wide array of options makes it easy to trade all types of major cryptocurrency pairs. Whether you are looking to trade Bitcoin, DeFi tokens, NFT coins, or any other crypto assets, Binance likely has you covered. The exchange strives to offer the largest variety in the industry.
Binance Futures
For traders interested in crypto derivatives, Binance offers an advanced futures and options trading platform. Binance Futures allows up to 125x leverage on derivatives contracts for major cryptocurrencies like BTC, ETH, XRP and more.
Some key things to know about Binance Futures:
- Perpetual and Quarterly/Delivery contracts available. Perpetuals do not expire while quarterlies do expire and can be settled for the underlying asset.
- Up to 125x leverage available. Use leverage to increase your buying/selling power but be cautious as this also amplifies potential losses.
- Support for coin-margined and stablecoin-margined contracts. You can choose the collateral you use to trade futures.
- Liquidation levels if position margin falls below maintenance margin. Understand how liquidations work before trading futures.
- Trading fee discounts available when paying fees in BNB.
- No expiry dates or settlement requests needed for perpetual contracts. Just hold position for as long as you want.
- Numerous advanced order types supported: Limit, Market, Stop Limit, Take Profit, and more.
- Ability to go both long and short to profit from rising and falling markets.
Binance Futures provides a deep pool of liquidity, minimal slippage on trades, and a robust platform for executing crypto derivative trades. Margin requirements, position sizing, risk management are all important considerations when trading futures.
Binance Leveraged Tokens
In addition to traditional futures contracts, Binance also offers Leveraged Tokens – a special type of derivative product that provides leveraged exposure without the need for collateral or margin requirements.
Each Leveraged Token represents a basket of perpetual futures positions in the underlying asset. For example, BTCUP represents a 3x long position in BTC perpetual futures.
Some key points about Binance Leveraged Tokens:
- Available for major cryptos like BTC, ETH, XRP, BNB, etc.
- Fixed leverage options from 1x to 5x leverage, both long and short.
- Traded like normal tokens – no leverage or margins to manage.
- Leverage level adjusts based on price movements in underlying perpetual contracts.
- No liquidations or margin calls. However, Impermanent Loss is a risk factor.
- Easy way to gain leveraged exposure without collateral or liquidation risks.
- Good for short term trades but can lose value over longer periods.
- Not suitable for beginner traders. Understand how leverage works.
Binance Leveraged Tokens are an interesting derivative product that offers leveraged exposure without some of the risks and complexities of futures contracts. However, they come with their own unique risks and are best used by experienced traders. Proper due diligence is required.
Binance Earn
Binance offers a wide range of “Earn” products that allow you to grow your crypto holdings through interest-earning activities.
Some major Binance Earn products include:
- Crypto Savings – Earn interest by depositing your tokens into flexible or locked savings accounts. Rates vary based on product term.
- Staking – Earn staking rewards on supported proof-of-stake coins by staking them on Binance. No need to set up nodes.
- BNB Vault – Earn automatic yield on your BNB holdings through optimized strategies.
- Launchpool – Earn new token rewards by staking BNB or other assets in Launchpool.
- Liquid Swap – Provide liquidity to AMM pools to earn trading fees and boosted yield.
- Dual Investment – Earn fixed yields on crypto plus benefit from token price appreciation.
- DeFi Staking – Earn high yields by staking supported tokens into DeFi protocols.
In addition, Binance offers crypto loans, margin trading interest, liquidity incentives, and more ways to put your holdings to work.
The wide range of options makes it easy to find yield based on your risk tolerance, preferred coins, and how long you are willing to lock assets. Binance Earn offers passive income potential for long-term HODLers and active traders alike.
Just be aware of risks like impermanent loss and do your due diligence before investing in any products. Binance Earn lets you maximize returns on your crypto.
Binance Loans
Binance offers a crypto loans service that allows users to collateralize their crypto holdings in exchange for a loan of stablecoins or fiat.
Some key things to know about Binance Loans:
- Flexible loan terms from 7 days up to 90 days.
- Supports loans in stablecoins like BUSD, USDT, USDC or fiat currencies like USD.
- Interest rates start around 3% APR. Varies by market conditions.
- Supported collateral assets include BTC, ETH, BNB, XRP, ADA and about 20 others.
- Initial Loan-to-Value (LTV) up to 50%. Can unlock higher LTVs over time.
- No credit checks required. Based on crypto collateral.
- Loans issued in minutes. Quick access to liquidity.
- No early repayment fees. Can repay loan anytime.
Binance Loans provide an easy way to unlock the value of your crypto assets without having to sell them. The LTV requirements help protect against market volatility. As with any loan, be sure to factor in interest costs. Loans can provide liquidity but do carry risks if asset values decline.
Binance Coin (BNB)
Binance Coin (BNB) is the native utility token of the Binance ecosystem. It was launched in 2017 through an ICO that raised $15 million.
Some key things to know about BNB:
- Has a fixed total supply of 200 million BNB, of which over 168 million are currently in circulation.
- Dual token standard – both BEP-2 and ERC-20 – allowing it to be stored on multiple blockchains.
- Primarily used to pay for fees on Binance Exchange and Binance Chain. Offers a 25% discount on trading fees when paid in BNB.
- Can be used to participate in token sales on Binance Launchpad.
- Supports features like staking, loans, deposits, trading pairs, and more on Binance platforms.
- Regular token burn events decrease BNB supply over time. Over half of the total supply will eventually be burned.
- Consistently ranks among the top ten cryptocurrencies by market capitalization, currently over $50 billion.
BNB powers the Binance ecosystem as its native token. Demand is driven by the need to use BNB to access lower trading fees and exclusive features on Binance. The fixed supply and token burns also increase its scarcity over time.
Binance Chain
Binance Chain is a blockchain network developed by Binance to power decentralized exchanges and create an alternative to Ethereum.
Some key things about Binance Chain include:
- Launched in 2019 as a high-performance blockchain tailored for ultra-fast trading.
- Supports the Binance Decentralized Exchange (DEX) which allows trustless peer-to-peer trading without intermediaries.
- Provides higher throughput and lower latency than other blockchains like Ethereum.
- Native BNB token acts as the gas to power transactions on Binance Chain.
- Supports issuing new tokens, creating smart contracts, sending transactions, and trading digital assets.
- Uses a Proof of Staked Authority (PoSA) consensus that relies on approved validators.
- Average transaction fee is only a few cents, much lower than Ethereum gas fees.
- Over 100 DApps have been built on Binance Chain across gaming, DeFi, NFTs, and other sectors.
Binance Chain provides the speed, scalability, and low fees needed to support decentralized trading on the Binance DEX. It offers an alternative smart contract and DApp platform to Ethereum. However, it uses a more centralized validator model compared to Ethereum.
Binance Launchpad
Binance Launchpad is a platform for launching new cryptocurrencies in initial exchange offerings (IEOs). It provides crypto startups with a way to crowdfund development and gain exposure to Binance’s large user base.
Some key things to know about Launchpad:
- Projects must submit detailed proposals and undergo due diligence reviews to launch on Launchpad. Binance closely vets each project before approval.
- For users, participating in Launchpad requires holding Binance Coin (BNB). The amount of BNB held determines lottery odds for IEO token allocation.
- Lottery drawings are held for retail investors to get an allocation of the new token being launched.
- Launchpad sales typically sell out quickly thanks to overwhelming demand. Lottery odds are low but returns can be high.
- Historically many Launchpad projects have provided huge returns to early participants. However, there have also been failed projects. Proper research is required.
- After the IEO, tokens get immediately listed on the Binance exchange for public trading.
Binance Launchpad has been instrumental in the growth of Binance by funding new crypto innovations. It provides unique access to promising projects. However, Launchpad should not replace proper due diligence by investors.
Binance NFTs
In addition to trading cryptocurrencies, Binance also offers an NFT marketplace where users can buy, sell, and mint NFTs on Binance Chain.
Some key things to know about Binance NFT Marketplace:
- Supports trading of popular NFT collections like Bored Ape Yacht Club, Doodles, Azuki, and more.
- Low fees of 1% for creators and no fees for buyers.
- Accepts payments in Binance’s native BNB token as well as ETH.
- Provides a platform for new NFT projects to launch their collections via Initial Game Offerings (IGOs).
- Incorporates mystery boxes, auctions, and other features to enhance the NFT trading experience.
- Strong security measures like 2FA protect against potential NFT scams and hacking.
- Seamless integration with Binance cryptocurrency exchange accounts.
- Mobile app available alongside web platform for easy access.
The Binance NFT Marketplace brings together crypto and NFT enthusiasts. It capitalizes on Binance’s large existing user base to drive adoption of NFTs. The marketplace is designed to facilitate the minting, trading, and collecting of digital collectibles.
Web 3 Wallet
In addition to its exchange services, Binance offers a multi-chain Web3 cryptocurrency wallet.
Key features of the Binance Web3 Wallet include:
- Supports major blockchain networks like Ethereum, BNB Chain, Polygon, Solana, Avalanche, and more.
- Non-custodial wallet gives users full control of their private keys. Binance does not have access.
- Intuitive interface makes sending, receiving, and interacting with dapps easy.
- Built-in decentralized exchange lets users trade crypto directly from their wallet.
- Hardware wallet support for Ledger devices enhances security.
- Access popular dapps and DeFi platforms directly through the wallet’s dapp browser.
- Cross-chain support allows moving assets between different blockchains.
- Mobile app available on iOS and Android in addition to web version.
- Optional multi-signature and social recovery features for security.
The Binance Web3 Wallet provides a secure and easy-to-use gateway to decentralized apps and services. By combining non-custodial wallets with dapp access, it offers users the ability to tap into DeFi, NFTs, gaming, metaverses and more. As an established crypto brand, Binance is well-positioned to drive mainstream adoption of Web3 wallets.
Is Binance Legit?
With cryptocurrency exchanges, it’s understandable for users to be concerned about trust and safety. So is Binance a legit and safe platform?
While no cryptocurrency exchange can be 100% infallible, Binance has established a largely reputable track record since its founding in 2017. Here are some points that back up its legitimacy:
- As the world’s largest crypto exchange, Binance handles billions in trades daily across millions of users and has strong incentives to maintain trust.
- Binance keeps user funds in cold storage and offers robust security measures like address whitelisting, 2FA, and anti-phishing codes. User funds have insurance protection.
- Being a centralized exchange, Binance maintains strict KYC rules and is regulatory compliant in multiple jurisdictions.
- Binance is very transparent, offering proofs of reserves, audits from firms like CertiK, and surveillance from blockchain analysis partners.
- The team has been responsive when security issues have arisen, reimbursing users affected by the 2019 hack.
- Binance has an established reputation in the crypto community as a founder-led exchange guided by its DOMA philosophy of transparency.
No exchange is perfect. Binance contends with occasional downtime, customer support delays, and ongoing regulatory uncertainty in some regions. However, compared to many smaller exchanges, Binance is about as reputable as it gets for a centralized platform. For most traders, the pros appear to outweigh any cons.
Is Binance Safe?
As a centralized exchange, Binance offers robust security measures to protect user assets.
- Funds are stored offline in cold wallets and only a small portion kept in hot wallets to facilitate trades.
- Binance employs industry-standard security protocols including mandatory 2-factor authentication, address whitelisting, anti-phishing codes, and other measures to guard against unauthorized access.
- User accounts are further protected through email confirmation, device management, and IP address monitoring to detect suspicious activity.
- Binance maintains an emergency insurance fund through its SAFU (Secure Asset Fund for Users) program that is designed to reimburse users in case of a hack.
- To date, Binance has responded quickly to support users affected by the only major security breach in May 2019, covering lost funds through its SAFU fund.
- As a centralized platform, Binance adheres to strict know-your-customer (KYC) rules and verifies user identities to comply with anti-money laundering regulations.
- However, being centralized also means users must inherently trust Binance to some degree to secure funds rather than relying on blockchain protections.
Binance makes user security and protection of funds a top priority. While no system is unhackable, Binance displays transparency around its security practices and fund safeguards. For most traders, Binance presents a reasonable compromise between security and convenience.
Design & Usability
Binance offers one of the most well-designed and usable trading interfaces in the cryptocurrency industry. Both desktop and mobile apps are intuitive and easy to navigate.
Some key design elements that improve usability:
- Clean layout with modules and widgets that can be customized as needed. Not cluttered.
- Nice balance between simplicity for new users and features for advanced traders.
- Easy to search and filter for trading pairs, check order status, see account balances.
- Charting includes a full range of customizable indicators and drawing tools.
- Order entry form simplifies process – just pick order type, enter price/amount, and submit.
- Available both in light and dark mode depending on user preference.
- Mobile app provides full functionality for trading on the go.
- Support for over 45 languages lowers barriers for international users.
- In-app chat and quick links for customer support requests.
Binance prioritizes simplicity and intuitiveness across its platforms. Even users with no prior crypto experience should find it easy to get started. At the same time, experienced traders have access to all the tools and features they expect. The design contributes to an excellent overall user experience.
Mobile Offering
Binance offers iOS and Android mobile apps that are highly rated and downloaded millions of times.
- The apps provide full access to all account functions and trading capabilities.
- Supports real-time market data, advanced charting, order management, deposits/withdrawals, etc.
- Streamlined interface makes navigating and trading on a smaller screen intuitive.
- Ability to set up watchlists, price alerts, and other customizations.
- Additional features like staking, savings, P2P trading, NFT marketplace also available on mobile.
- Supports phone camera to quickly scan and deposit QR codes when transferring funds.
- Face/Touch ID login and other security measures prevent unauthorized access.
- Links to Binance Academy and Help Center for learning and troubleshooting.
- Seamless syncing with web platform and API trading.
The Binance mobile experience provides traders with full account control through a well-optimized interface designed for ease-of-use on the go. The apps make it simple to execute trades, manage funds, and use key Binance services from anywhere with an internet connection.
Ease of Use
Binance is one of the most user-friendly exchanges, it has simple options for beginner traders and more advanced options for pros.
- Clean, intuitive user interface makes navigating straightforward for new users.
- Easy account creation process – just enter email, password, enable 2FA.
- Convenient fiat on-ramps allow buying crypto directly by card, bank transfer, etc.
- Simple spot trading platform has market, limit, and stop-limit order types.
- Buying and selling crypto takes just a couple clicks.
- Built-in wallet makes deposits and withdrawals seamless.
- Robust mobile apps offer full functionality for trading on the go.
- Multiple platforms suitable for basic conversions up to advanced trading.
- Excellent search and sorting tools to find trading pairs.
- In-app chat support feature for quick assistance.
- Support for multiple languages lowers barriers for international users.
- Well-organized interface avoids information overload.
While Binance has an extensive set of features, the platform has been thoughtfully designed for simplicity. Common tasks like executing trades, funding accounts, and managing assets are intuitive even for crypto beginners. With its focus on usability, Binance stands out for ease of use.
Customer Support
I have used the Binance customer support a few times over the years and every time I have got an extremely fast response. The agents are very friendly and helpful, honestly they are so refreshing compared to other exchanges I’ve used.
They offer customer support through several channels:
- Help Center – Extensive library of FAQs and articles that provide answers to common questions. Generally well-organized and searchable.
- Support Tickets – Online form to submit support requests and create tickets. Response time varies but usually within 24 hours.
- Live Chat – Available on the Binance website to instant message with customer support agents. Extremely quick response – the best way to get support.
- Twitter – @BinanceHelpDesk handles support inquiries on Twitter. Good for visibility but not best for sensitive issues.
- Reddit – Active Binance subreddit where community members and staff provide support. Unofficial so quality varies.
- In-App Support Chat – Chat feature accessible within the Binance app for mobile support. Convenient but has limited availability.
While Binance provides multiple support channels, users frequently cite frustrations with delayed response times especially during high volume periods. Support quality is decent but the availability and speed could be improved.
Adding phone support could help provide a more responsive and personalized support experience versus relying solely on tickets and chat. But overall, Binance customer support gets the job done and improves over time.
Binance History
Here’s a brief run down of Binance’s history.
- Founded in 2017 by Changpeng Zhao (CZ) and his co-founder Yi He.
- CZ previously built trading systems for the Tokyo Stock Exchange and Bloomberg Tradebook. He also served as head of development at crypto exchange OKCoin.
- Binance held an ICO in July 2017, raising $15 million by selling Binance Coin (BNB) tokens.
- The exchange officially launched in September 2017, enabling trading between Bitcoin, Ethereum, Litecoin, and Binance Coin.
- Binance quickly gained popularity thanks to its focus on usability, security, and low fees. Trading volumes grew rapidly.
- By early 2018, Binance became the world’s largest crypto exchange as measured by trading volume, overtaking Coinbase.
- Binance introduced new offerings like the Binance Launchpad for token sales in 2019. It also released the Binance DEX, Binance Chain, margin trading, and more.
- Regulatory issues forced Binance to block U.S. users from binance.com in 2019, leading to the creation of Binance.US for American traders.
- In 2021, Binance continued expanding with acquisitions, new crypto services, NFT and Metaverse initiatives. BNB became a top 3 coin.
- As of late 2022, Binance has facilitated over $60 trillion in lifetime trading volume with operations in over 100 countries. It aims to enable crypto freedom for users worldwide.
The rapid growth of Binance demonstrates its ability to innovate and quickly adapt in the competitive crypto industry. Within just 5 years, it has become an influential leader spanning multiple segments of the crypto ecosystem.
Conclusion
Binance has cemented itself as a leader in the cryptocurrency landscape since its launch in 2017. What began as a basic crypto-to-crypto exchange has expanded into a comprehensive digital asset platform with offerings spanning spot trading, derivatives, decentralized finance (DeFi), NFTs, and more.
At the core of Binance is its robust spot exchange that lists over 600 cryptocurrencies and provides traders with advanced charting tools, order types, and one of the most liquid markets in crypto. Binance owes much of its success to the ease of use and accessibility it provides to crypto newcomers and veterans alike.
Beyond trading, Binance has continually innovated and released products that extend the possibilities of what users can do with crypto. Whether earning yield through activities like staking, mining, or lending, or interacting with decentralized apps through Binance’s high-speed blockchain and Web3 wallet, the platform enables the crypto-curious to explore this emerging world.
While Binance has faced regulatory uncertainty and obstacles in some jurisdictions, it has also taken compliance seriously by registering with financial regulators in numerous countries and adhering to strict KYC rules. As government oversight of crypto increases, Binance appears to be adapting appropriately.
We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges.
We have continued to update this review since Binance was first launched ( we were one of the first to offer a review of the platform at the time ). And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available.
Their CEO Changpeng Zhao (CZ for short) has been part of the cryptocurrency community and shown high standards of integrity.
Binance the exchange has continued to innovate, bringing new products to market and new options for purchasing and trading cryptocurrencies to all corners of the globe.
To sum up…
Binance is unmatched regarding the breadth of its crypto product suite paired with deep liquidity. As crypto adoption grows, no brand is currently better positioned than Binance to onboard the next wave of users and drive mainstream acceptance. For the foreseeable future, Binance remains the top platform for anyone seeking to enter and engage actively with the cryptocurrency space.
FAQs
Is Binance safe to use?
Binance implements robust security measures to protect user funds and information. User assets are stored offline while transactions are verified on the blockchain. Binance also utilizes 2FA, address whitelisting, anti-phishing codes, and other protocols. An emergency insurance fund further safeguards users.
Does Binance work in the USA?
Binance.com stopped serving US-based users in 2019. American traders can now use Binance.US, a separate exchange tailored for the US market. However, Binance.US has fewer token listings and limited availability in some states due to regulatory restrictions.
What are Binance’s trading fees?
Binance uses a maker-taker fee model ranging from 0.1% to 0.02% depending on 30-day trading volume. Fees can be further reduced 25% by holding BNB. Withdrawing crypto has a separate fee based on blockchain network costs.
What payment methods does Binance support?
Binance allows buying crypto with credit/debit cards, bank transfers, P2P trading, and third-party payment gateways depending on user location. Over 65 fiat currency options are supported through the Binance Fiat Gateway.
How long does verification take?
The verification process typically takes 5-30 minutes if documents are in order. However, during high traffic surges, verification may be delayed up to 12 hours as KYC checks are manually reviewed.
How do I withdraw from Binance?
Log into your account, click Wallet > Spot Wallet, select Withdraw next to the asset you want to withdraw. Enter the amount, external wallet address, and submit the withdrawal request. Expect delay based on blockchain conditions.
What countries is Binance available in?
Binance restricted access to users from the US, UK, Canada, Singapore, and a few other nations. It still serves most countries across the Americas, Europe, Africa, and Asia-Pacific. Availability depends on local laws.
Does Binance have an app?
Yes, Binance offers iOS and Android apps with full account access and trading capabilities. The apps allow easy trades, deposits/withdrawals, staking, data tracking and more on the go.
Binance
Pros
- World's largest crypto exchange with unparalleled liquidity and selection of altcoins
- Comprehensive suite of products
- Very low trading fees, especially when using BNB
- Advanced trading platforms with charts, technical indicators, and order types for all levels
- High focus on security, insurance protection, compliance procedures
Cons
- Doesn't offer phone Support
- Ongoing regulatory uncertainty in some regions
109 Comments
Can I just buy iota and kept them and sold them after ayear
We recommend you withdraw them from the Exchange to your own wallet to hold them. The official IOTA wallets are located here :
https://iotasupport.com/walletknowledgebase.shtml
How long can you store your currency on binance I’m intending not to buy Just deposit and hope my coins surge will it be allowed. Do they charge if I want to resend to my hard wallets
So i transferred Litecoin to Binance now I cant even log in due to the 2FA . Does anyone know a contact number for them?
You can submit a ticket to the Binance Support team here:
https://support.binance.com/hc/en-us/requests/new
Same here.
Made a deposit and now i can’t get in because Binance can’t send me anymore SMS for authentication. Can’t get in touch with Binance for over 3 days now. They keep replying with standard emails,also from the requests. Is my ether gone now?
I would wait for a reply from a customer service person, the site is undergoing growing pains with a huge influx of new users at the moment.
Same. I signed up a few days ago and now I can’t get into my account due to not receiving the SMS auth. I feel as if I have been hacked
Same situation Binance shows coin holding deposited into account. I have been trying for several days to withdraw coins to put in wallet. Is therte a settlement period. SMS code will let you sign into account, but when you go to make a withdraw it mysteriously doesn’t work.
SMS code they send says good for 30 mins when you receive it. Enter the code and it tells you when you bad tag# or code expired. Trying to do google 2FA sign up is a joke without very good instructions. If your new to Binance “Don’t keep a lot of funds in account”. No email response except general FAQ’s on their website. Make sure you take a screenshot of your holdings, “JUST IN CASE”.
Same situation here with me. I have not been able to do any withdraw at all! Furthermore, they have continually ignored all my tickets. There are so many issues with the support that I don’t know where to begin. Binance staff very lacking in English is the heart of the matter and I’m very concerned with this exchange.
SMS is for mainland China only
No, I get it in a few seconds here in India.
I can log in ok with their SMS but get an error message when I want to withdraw saying the SMS code is wrong.. Keep away for them and Being based in Malta it is hard to get decent service..
make sure your smartphone and pc have the local time synched for 2FA to work
I bought some Ripple on Binance. Does Binance has their own wallet? or Do i need to find another Wallet to store my Ripple?
on binance you have your own wallet of each currency
phuong dinh did you ever get an answer? Because, I would like to understand how to transfer, collect and automatically deposit my earnings into a wallet and what wallet is the best? Hello phong dinh, my name is Larry Pratt from Toledo, Ohio in the USA, and I am considering investing, but do not understand the most efficient and effective method to learn which of the investments are best! Thanks for any guidance you can give me. Sincerely, Larry
Enjin Wallet, has just about every currency on it and is the most secure yet unless you use a Nano s ledger USB
Hi Larry. Like all other exchanges, Binance has it’s own wallet for you whenever you buy any cryptocurrency. Once you buy any cryptocurrency on its exchange, it gets deposited under your Binance account and you can see your holdings under ‘Funds’, then select ‘Balances’. Having said this, it is always advisable that people avoid keeping it on the exchange because it is more secure storing it in your external wallet. Hope this helps.
after buy the cytro currency how to transfer to my trezor for cold storage safe ? possible ?
Make sure your currency is supported by the wallet, then visit the “deposits withdrawals” link in Binance, find your currency and click the “withdrawal” button and enter the address given by your wallet.
Make sure you double-check the address is correct and I would recommend sending a small amount first to check everything’s fine before sending the full amount.
Hope that helps 🙂
Hi , I have not been verified what is should I do, I have submitted my id so many time, can you please help
are there fees to withdrawing altcoins (i.e. ripple or tron) from Binance and move to wallet? What wallet would you recommend Mr Dale? Also, my other question is if I sell all my coins in binance and don’t want to buy or hold any coins where can I keep my uninvested money?
@ Oliver Dale trying to transfer XLM to one of Stellar’s wallets. Binance requires a XLM withdral address and a XLM withdrawl memo. Where is the withdrawl memo located? I take it the Withdrawl address would be the wallet address. TIA
Important
Minimum withdrawal:21 XLM。
Do not withdrawal directly to a crowdfund or ICO. We will not credit your account with tokens from that sale.
XLM Withdrawal Address
XLM Withdrawal MEMO No MEMO
can i deposit the australian dollor to cryptocurrency
You can purchase BTC, Litecoin or Ethereum from Coinbase and then send that to Binance to purchase other currencies.
https://blockonomi.com/coinbase-review/
Hi. Yesterday i made few transactions. Btc to trx. But out of that 3 transaction are still not deposited in my account and its in open order. Whats the reason. Its almost 20 hours now. Please let me know. Is it normal to take that long for transactions. Thanks
Maybe the price of your chosen currency went up and your order didn’t get filled?
Becaue it defaults to a limit order not a market order giving you the opportunity to place an order and leave and if the price hits your target buy price it will buy. Switch to market and get the market rate
I definitely recommend binance
Hi yesterday I submitted my verification requirements for binance but I did a mistake I upload my driver license twice instead of my photo with the driver license what I need to do to fix it and also can I deposit and withdraw before getting verified
You have up to 2BTC per day withdrawal limit without being verified, so you can contact customer support and in the mean-time make sure you stay under that limit and you will be fine.
2 btc/day withdrawal means altcoins worth 2 btc as well? or straight btc?
Hey Sven, they will estimate the value of your Altcoins in a BTC value. so the total BTC Value cannot exceed the 2 BTC limit without the second level
all my wallets in binance don´t open the address field for make a withdrawal but open for deposit .last 3 days i try withdrawal some coins, more them the minimum allowed, and i can´t.
someone have an idea what´s pass…thanks…sorry my english
how to make a deposit?? i just joined and want to start what do i do with the deposit address?? where do i go ???
In the top menu, hover over “funds” and click the “Deposits Withdrawals” link.
Then next to your currency you want to deposit to, click the “Depositi” button and an address will appear for you to send your funds to.
I’ve been able to deposit ETH into my binance account – and it’s showing the successful deposit. I know what to convert ETH to XVG and send that XVG to my digital wallet, but each time I try, I get an error saying amount too low. When I click on Verge and the withdraw that’s where I get that error. Am I missing a step? I followed your guide on https://blockonomi.com/verge-guide/
I placed an order four hours ago and it’s still sitting in “in orders” any idea how long it should sit before I cancel?
Maybe the price of your chosen currency went up and your order didn’t get filled, you can cancel it and place a higher bid or leave it if you think the price will go down.
Hello,
Can I fund Binance using my Revolut account? Or does it have to be a specific wallet?
You have to fund it with cryptocurrency, such as Bitcoin or Ethereum which you can purchase with Fiat from coinbase – https://blockonomi.com/coinbase-review/
But coinbase isn’t available in every country, is there another way i can buy bitcoin with a debit card? I have an Binance account and would like to fund my account a,s,a,p.
I just deposited some litecoin from Coinbase to Binance. Question. If I want to buy another currency on Binance (for example, Po.et (POE), can I do that with my litecoin I just sent over to Binance? I noticed there’s no option for that since everything is to bitcoin. So does Binance have an option to convert litecoin to bitcoin or do I have to first buy bitcoin using my litecoin in Binance..then once I have bitcoin in Binance, buy whatever crypto i choose afterwards? Thanks
Yes, you will need to swap Litecoin for Bitcoin and then trade that for other currencies.
Am just wondering if the swapping you mentioned will cost any additional fee?
as i do not know if Binance will consider this “swapping” as a trade.
Yes, of course when Oliver mentioned “swap” he referred to trade. Sell your LTC and receive BTC, then use the BTC to buy POE.
If you buy/exchange crypto on binance for the purpose of holding and not trading, will your crypto move with the market to see profit/loss?
I bought some ripple on binance on Sunday and in the last 24hrs it’s up 46% but my binance balance is the same as Sunday 🤔
I got an email from binance saying that my IPA siting been changed and if I did not do that I should deactivate my account and contact binance I check my account and sure my XRP coins disappeared so I deactivated my account the problem that I been trying to contact binance but no reply multiple emails and multiple requests and no reply
My account is locked and I have no access to my funds
I got screwed stay away
What does the “in order” column mean in the the Deposits and Withdrawals (holdings) page? I have x Total Balance of BTC, Y Available Balance, and Z In Order (Z=X-Y).
My best guess is it’s waiting for an order to be filled. (I did a bunch and lost track) Other reasoning could be that I had just deposited BTC and it’s waiting for it to clear?
I’m annoyed there isnt much of a description for these things on the site.
For Binance withdraws, will the same coinbase account that I used to make my deposit appear, or do I need to put in a hard address of my coinable account?
*coinbase account
Binance is a great platform and I’ve been using it for some time now and have no come by any problems or issues. Its is simple and its fees are reasonable and cheap and for an exchange/wallet it has a decent referral program.
Hello please I want to know if there is a minimum deposit in ETH I need to make on binance before I can trade there. Like bittrex you have to deposit minimum of 0.1eth is there such in binance?
Am just wondering if the swapping you mentioned will cost any additional fee?
as i do not know if Binance will consider this “swapping” as a trade.
swapping is trading
Hi ,
can i deposit and withdraw XRP to and from Binance XRP wallet without verification ?
Binance and Kucoin are the best exchanges right now!
Also in 2018 bitshares can be interesting
I also have good smooth experience in all aspect, trading, fund transfer etc. They are reliable and excellent.
Hi, thanks for the insight.
Just curious after reading your post – will Bitfinex accept ETH from Coinmama? I’ve read Bitfinex do not accept ETH from Coinmama as it is a smart contract. If not, do you know if Binance will or alternatively, will it accept bitcoins instead of ETH? Do you recommend other exchanges that I can buy IOTA. Will I need to set up an intermediary wallet or can I transfer bitcoins or ETH directly from Coinmama to Binance or Bitfinex?
I would like to transfer funds from Coinmama to these exchanges but prefer it be painless and learn from others who’ve actually gone through the process. Thanks in advance.
have funds on binance new account , i go to the exchange and it says zero fund so i cant buy ?
They have an android app which is pretty good
In your desktop client, there is no pricing in reference to a candle on the chart, only in trading book. Is there a way to turn it on just like on the web app?
Should be pretty standard, cant attach .png .jpg for better illustration.
Thanks ahead for feedback.
Is that right Binance is the only serious market for IOTA now? According to official IOTA forum: https://forum.iota.org/t/binance-remains-the-only-option-for-trading-iota/6409/2
Hi
Can i deposit BTC through my e wallet over to Binance and then swap into XRP? Or must you have to go through Coinbase?
I just opened a Binance account. Tried to transfer ETH from GDAX. When I click on Deposit in Binance, I am not getting the ETH address. Do I need to complete my verification to get the adress?
what does mean Coins will be deposited immediately after 30 network confirmation? i transfer some ETH to Binance from Coinbase but hasn’t come.
Daniel,
What is the best exchange if you are a “scalp” trader? Multiple trades through out the day? USA based trader. Thanks
We posted our list of exchanges for traders here :
https://blockonomi.com/cryptocurrency-exchanges-trading/
Binance or Kucoin are my current favourites.
Hi
I´m trying to get a level 2 withdrawal limit, however my application was rejected due to the cover of my passport being faded. I take it everything else was fine, but since I use my passport quite a lot, it has faded over time. You can still make out the logo, but it has lost the golden ink. What can I do?
Get a replacement passport or use different ID
Hi Oliver,
Thanks for your review.
I’m trading at Binance for some weeks now and i’m satisfied with this platform. So far i thought that the FIFO method comes in place if i’m selling coins (e.g. bought 3 times 300 pcs. each at different prices on diff. dates, if i sell later on 300 pcs. the first bought ones will be sold). But today somebody told me it could be that they pick up the average price of all 900 pcs. Do you know how Binance operates?
And, do you have a suggestion for a similar software solution to Cointracking.info (having API problems again and again)?
Thanks a lot.
Reg. B
Hi Reg,
It’s a complicated issue for sure, you didn’t mention where you are based so the laws differ.
The best thing is to seek advice from an accountant – something I’m also doing at the moment.
They suggest to buy BNB to pay fees but there is a problem, BNB now is very expensive and you aren’t allowed to buy a small quantity.
This problem is called Binance’s problem with decimals, it also affects other coins. If you have a small remaining you can’t trade it.
Another problem, there is no window to see your profits.
How can I know Binanace add new crypto ?
Check the news by clicking the tab on top line.
Does binance allow usd to be deposited , or allow coins to redemended for usd and withdrawn?
How can I use binance api for automated trading on Tab Trader?
Oliver Dale you seem very knowledgeable of this site. Signed up but I can’t figure out how to add money. Can you help me.
Hi Binance friends.
For those of you who didn’t know Binance is open for new application 🙂
Nice try with the ninja-referral link.
But no, you can NOT register for a new account on Binance at this time.
“Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade. We apologize for any inconvenience caused.”
Binance is now accepting new applicants.
I’m a beginner into crypto and have a question, is some can answer please.
Can Binance be at risk since it’s a Chinese exchange and the Chinese government is after crypto?
Binance bans Chinese resident access to cooperate Chinese government but do not pose any issue on other countries. I think they try to settle down outside China, but not sure of latest status.
Binance relocated to Hong Kong
After a trade where I bought some currency (let’s say XRP) using BTC, I try to sell everything of that currency (XRP) to retrieve BTCs. However, there is always some of that currency left in that currency wallet. If I try to buy BTCs with them, it says:”Order failed: Insufficient balance”. So my money starts to spread across many wallets (Very small chunks that I cannot move from these wallets). Is there a way to avoid that?
Thanks!
i hear you i have tried to sell several of my tokens it always tells me i cant sell nothing because i dont have enough units to sell whats up with this
Binance is on of the best exchange. Fee are realy low, only 0.050%. Site is fast and it’s easy to buy and sell coins. You don’t need any documents to first step of identification so you can withdraw 2 bitcoin every 24h.
Hello,
Thanks for the explanation I just now register my account from your link
Every thing is clear for me but how I know how much I earn & lose per coin?
Regards
Is there any way to see profits and losses on particular trades in Binance or do i have to do it manually?
I activated the touch in option on my phone and my phone does not support the fingerprint touch in how do I get that off so I can get into my app?
I’d like to know how much is the minimum deposit in every coins in binance?
I have been in confusion for many days, once I transferred my but coins into binance, I could start trading right? So, suppose I have bought 1000 ripple coins and I sold them and made 20% profit, my balance converted to bit coin again right… What’s bitcoin value decreases 20% right at the same time,?? Here did I made profit or incurred loss??
Please somebody answer this.
Regards,
Prakasha G S
Sorry, I meant bitcoin, because of auto correct it was changed to but coin. Apologies
Thakond,
Prakasha G S
Just bought some fun fair , about 160 units , and withdrawal costs me 143 . My wallet recieved only 17 units . Is that normal fee or i missed something ? By the way i’m noob .
Run, don’t walk, away from this exchange. There is *no* customer service available and no way to reach it if there were. There is no way to close or delete your account. Once you have given them your information, you are stuck.
So, Binance, Robin Hood, Changelly…all relatively low fees to exchange crypto for crypto, but who has the lowest fees on exchanging the crypto into USD?
And…after you exchange it for USD, who has the lower transfer fees to get the USD from my coin exchange into my BANK account??
Would appreciate a reply, and if you could either supply the answers to BOTH questions (the one for fees from crypto to USD and for moving the USD to the bank), OR copy and paste links to the places the information can be found on each exchange.
It is great that Binance only charges 0.1% for conversion from crypto to crypto but I can’t find a fee schedule on Binance, Changelly, or Robin Hood that tells me how much it costs to convert the crypto into USD, and then their fees for transfer to a external bank account. I can’t imagine Binance offers the same VERY low rate on transfer to a bank as they do on crypto to crypto exchange.
I assume part of their justification at all of these companies for offering such LOW fees for crypto to crypto exchange is because it keeps your assets IN HOUSE and then, in theory, more likely to leave your currency where it is because they’re the lowest on conversion fees. For example, Binance is a China run, China based company. Using them because of the 0.1% fee seems great in the beginning but once that is converted from crypto to USD, it sure as hell isn’t going to be FREE for someone to move their money from China to the US. International bank transfers usually carry a pretty hefty cost. For that reason alone, unless I see something in writing on what that scenario would cost me from start to finish (crypto to crypto, then crypto to USD, then move USD to my bank) for each of these crypto to crypto companies….I won’t be using any of them.
The only reason I am asking is because I spent quite a long time researching all of these things and I can’t find those answers from those 3 very popular exchanges anywhere on their own websites or elsewhere on the internet. These 3 are fairly large entities, and popular with consumers. You’d think they’d skip the cliche snake oil peddling, company biased fine print loopholes that ALWAYS exist, and leave no question hanging with a vague description that truly doesn’t commit them to any promise to the consumer using their product.
If they aren’t big enough to be able to state all of those fees up front in an easily understood, and easily FOUND fashion these exchanges are worthless. People will get hardware wallets and hold onto it until they DIE before they let everything they’ve bought or mined get pilfered over and over off of the top from one exchange to the next and one transfer to another holding. I’ve read so many nightmare stories about money not showing up, money disappearing, money simply STUCK because of minimum transfer amounts that companies have set, and….finding out the hard way that the app or software they used to mine was malware and as soon as they transfer it to what they thought was their coin wallet turned out the money was jacked and put into an account by the app creator and their cohorts. Never a day goes by without one of those reviews landing on their app in Google Play or on their actual business website as feedback posts.
Crypto will get outlawed if these companies and app creators don’t stop fleecing people. America’s credit consumer council will push Congress to outlaw it if too many people invest MILLIONS by buying Bit or Eth, and moving it….then losing it ALL. Fraud. That would be a case of fraud and they don’t like crypto to begin with. There are 5 countries that crypto is illegal in. I wouldn’t doubt that in another year’s time that list will grow if LEGIT crypto outfits don’t start doing something to warn consumers and steer them in the direction of companies that won’t rob them blind. It is in ALL of their best interests to not just promote themselves but also to promote their fiercest competitors. If they can use the word compete in reference to someone else’s company, that means they are viable enough to be competition to everyone that is in par with them or knows damn well their competitor has integrity and is worthwhile for a consumer to use; they should be recommending them to keep consumers SAFE and IN the market as best as they can.
Look forward to your reply! =)
As I understood, Binance is a quite new cryptocurrency exchange?
There are so many new coins that are streaming into the market and then there are all these new cryptocurrency exchanges coming too.
How do you know which one is trustworthy or not?
Wow! Great post on Binance. Very helpful for those looking to invest in cryptocurrency.
are theire risks invoived in binance where can lose my money
Make sure when you enable 2FA authenicator that you copy secret key in case you lose your phone with the authenicator app active.If not they will not deactivate authenicator on your account unless you know several security protocol and be exact! OR you will never see your money again not even if you show them a picture,driver license of yourself,They make it impossible .Only what they ask you which is bad news and not right in my opinion,I use Coinbase and Bittrex exchanges also they are more people customer friendly.And know how to still manage security and help customers not lose their hard earned money.But Binance exchange is hard and cruel BE WARNED THIS IS NOT A JOKE.they are moving to MALTA from China BE WARNED…….
If I buy ripple now in Binance and just hold it until its price goes up and not trade it…is it possible in Binance?
Can I deposit any amount on Binance or is there a limit or fee
Hi Team
Would it be possible to deposit funds directly into Binance 2nd week of November 2018 & purchase bitcoin at Binance ? What offramp can you recommend ?
Cheers Frayne
If you are looking for an exchange which is good to buy Bitcoin online and then trade it on Binance, Linkkoin is pretty good. Oh and remember to verify yourself, this s obligatory if you want to send your crypto to Binance.
Please don’t transfer or buy any type of fund in Binance go for the Coinbase or Kraken. Actually , i change my number and now Binance asking lot of question to reset my SMS and from myside fulfilled with maximum answer with screenshot , that no one can remember and opposite side Coinbase and Kraken changed it in one day with one security question. Still i am fighting for that. So i have bad experience with Binance.
hours and get positive result.
The funds is necessary to run the exploit it’s a normal procedure. Let’s give it more time to run.
If you are new in crypto like me and don’t know where to start or what to do, check this article, it helped me find the good exchanges and save a lot in commission fees:
https://medium.com/@the_max/cryptocurrency-trading-tips-6d3ed585f11e