Binance Logo

Binancereview

  • Low fees
  • Many features
  • No US access
  • Poor customer support
  • Not for beginners
2,628 visitors have chosen Binance.
Screenshot Binance
Our overall rating

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.

Philipp Duringer
by Philipp Duringer

About Binance

Fees

0.1%
very low

Number of cryptocurrencies

600+
large selection

Payment methods

  • Bank
  • Credit card

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.

Other

Company headquarters
Malta, Seychelles, Cayman Islands
Founding year
2017
Social media
14.16M followers

Our Binance rating

Review result

Overall rating
Binance
Ease of use
Binance: 7 of 10
Ease of use (Binance)
7/10
Binance Logo
complexsimple
Features
Binance: 9 of 10
Features (Binance)
9/10
Binance Logo
basiccomprehensive
Fees
Binance: 10 of 10
Fees (Binance)
10/10
Binance Logo
highlow
Security & trust
Binance: 7 of 10
Security & trust (Binance)
7/10
Binance Logo
weakstrong
Beginner-friendliness
Binance: 5 of 10
Beginner-friendliness (Binance)
5/10
Binance Logo
unsuitableideal
Support
Binance: 6 of 10
Support (Binance)
6/10
Binance Logo
poorexcellent

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

3.6/5
Overall rating

App Store

around 10,100 ratings

4.8/5

Google Play Store

around 3.06M ratings

4.4/5

Trustpilot

around 5,400 ratings

1.5/5

Powered by AI

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 preview

Binance features

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

Binance Logo
Binance
 (Exchange)

Company

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

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