Binancereview
- Low fees
- Many features
- No US access
- Poor customer support
- Not for beginners

Binance is an excellent choice if you prioritize access to a wide range of tradable coins and low fees. However, this variety of features and trading options comes with a downside: the platform can feel overwhelming at times and might be intimidating for beginners. Additionally, Binance is not officially regulated, which could be a drawback for security-conscious users. That said, users who are comfortable with this and intend to transfer their purchased cryptocurrencies to their own wallet will find Binance a strong and reliable option for the reasons outlined above.
About Binance
Fees
Number of cryptocurrencies
Payment methods
- Bank
Description
Binance is the world’s largest cryptocurrency exchange by trading volume. The platform is known for its wide range of cryptocurrencies, low fees, and a comprehensive set of features for more experienced users and traders. The exchange also offers a software wallet (Trust Wallet) for self-custody of digital assets.
Company headquarters | Malta, Seychelles, Cayman Islands |
Founding year | 2017 |
Social media | 14.16M |
Our Binance rating
Review result
Our opinion
Binance is an excellent choice if you prioritize access to a wide range of tradable coins and low fees. However, this variety of features and trading options comes with a downside: the platform can feel overwhelming at times and might be intimidating for beginners. Additionally, Binance is not officially regulated, which could be a drawback for security-conscious users. That said, users who are comfortable with this and intend to transfer their purchased cryptocurrencies to their own wallet will find Binance a strong and reliable option for the reasons outlined above.
Pros and cons
What we like:
- Biggest exchange worldwide
- Large coin selection
- Low fees
- Extensive range of features
What we don't like:
- Complex for beginners
- Limited regulatory oversight
- No US access
Binance user reviews
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What users say about Binance
Our artificial intelligence (AI) collects and analyzes user experiences about Binance from across the web and summarizes the most important insights for you in a clear and concise way.

User review summary for Binance
Binance is valued by users as a powerful and versatile platform, especially among experienced crypto traders who praise the wide range of tradable cryptocurrencies and extensive features. The low transaction fees and the possibility to receive discounts by using Binance’s native cryptocurrency, BNB, are highlighted positively, although some users criticize the variable withdrawal fees. Regarding security, Binance generally enjoys user trust despite some reported security incidents. Customer support receives mixed reviews, with experiences ranging from quick and helpful responses to slow reply times and difficulties in problem resolution.
Binance is valued by users as a powerful and versatile platform, especially among experienced crypto traders who praise the wide range of tradable cryptocurrencies and extensive features. The low transaction fees and the possibility to receive discounts by using Binance’s native cryptocurrency, BNB, are highlighted positively, although some users criticize the variable withdrawal fees. Regarding security, Binance generally enjoys user trust despite some reported security incidents. Customer support receives mixed reviews, with experiences ranging from quick and helpful responses to slow reply times and difficulties in problem resolution.
Ease of use and user experience
Features and services
Beginner-friendliness
Fees and costs
Security and trust
Support
Binance preview
Binance features
Real crypto | Yes |
Transferable to own wallet | Yes |
DCA plan | Yes |
Staking | Yes |
NFT marketplace | Yes |
Trading tools | Yes |
Two-factor authentication | Yes |
Special features
- NFT marketplace
- Binance Visa Card
- Earn crypto interest through staking & lending
- Features for professional traders
Tradeable assets
- Cryptocurrencies
- Derivatives
Trading options
- Derivatives
- Margin trading (leverage)
- Short/long positions
About Binance
Company | Binance Holdings Limited |
Headquarters | Malta, Seychelles, Cayman Islands |
Company size | Large |
Regulation | Virtual Asset Service Provider, registered in Lithuania, Poland, France, Sweden, Spain, and Dubai (VARA) |
Founder | Changpeng Zhao ("CZ"), Yi He |
Founding year | 2017 |