Binance

Best value

Binance
20% Rebate
Add to compare
Operating since

2017

Website

binance.com

# Coins

383

Fiat supported

ZAR, NGN, EUR, GBP, BRL, AUD, UAH, RUB, TRY, PLN, RON

Fees

maker 0.08% / taker 0.08%

Headquarters

Global

Services

Exchange (Spot, P2P, OTC), Trading (Margin, Derivatives/Futures), Farming, Staking, DeFi, Crypto Loans, NFT, Mining Pool and others

Average Score 9.4
Offer range
10
Credibility/Security
9
Platform
9.6
Customer service
9
PROS:
  • Wide range of cryptocurrencies (one of the highest coins number).
  • Competitive fees, especially with our discounts.
  • The platform has a user-friendly interface.
  • High security measures.
  • Customer support that is available 24/7.
CONS:
  • Although Binance does offer fiat deposits and withdrawals, the options are limited, particularly for South African citizens.
  • Complexity for new users.
  • Limited regulation.
  • Some countries have restrictions, which may limit the ability of users to access certain services.
TOP 3 in Cryptocurrencies
TOP 3 in Forex / CFD
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Category:

Binance is a leading global cryptocurrency exchange founded in 2017. It offers a platform for trading various cryptocurrencies such as Bitcoin, Ethereum, and many more. Binance also provides a range of services and products including Spot trading, Margin trading, P2P trading, OTC trading, Futures trading, Staking, NFT trading, DeFi, Crypto Loans, Mining Pool, and more. Binance is known for its user-friendly interface, low trading fees, fast transactions, and strong security measures. The exchange supports multiple languages and has a large user base from around the world.

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Use code "VZPAVQ2T" during registration to reduce fees on Binance by 20%.

Binance Review: An In-Depth Look at the Top Crypto Exchange

Binance is a leading cryptocurrency exchange that has taken the crypto world by storm. With its user-friendly interface, low trading fees, and wide range of features, Binance has quickly become the go-to platform for millions of crypto traders and investors around the world. Whether you’re just starting out or an experienced trader, Binance has something to offer everyone.

In this article, we’ll take an in-depth look at Binance and its features, including its trading fees, platform functionality, and mobile app. We’ll also cover Binance futures and the Binance wallet app, as well as withdrawals and how to transfer funds from Binance to your bank account. Whether you’re a seasoned trader or just starting to explore the world of crypto, this Binance review has all the information you need to make informed decisions about your trading and investment strategies.

Binance is the most popular cryptocurrency exchange for a reason: it offers a wide range of features, user-friendly interface, and low fees, making it the go-to platform for millions of crypto traders and investors around the world. Here’s why:

  1. Wide range of cryptocurrencies: Binance offers a huge selection of cryptocurrencies, including some of the most popular and widely-traded coins like Bitcoin, Ethereum, and Ripple, as well as a number of niche coins and tokens. This means that no matter what kind of crypto you’re interested in, you’re likely to find it on Binance.
  2. User-friendly interface: Binance is designed with users in mind, with a simple, easy-to-use interface that makes it easy for even beginners to navigate and trade. This is a big plus for those who are new to crypto and want to get started quickly and easily.
  3. Low trading fees: Binance charges very low trading fees, which means that you can trade as much as you want without having to worry about paying exorbitant fees. This is particularly attractive for traders who are looking to make a lot of trades, as high fees can eat into their profits.
  4. Advanced trading features: Binance is also a great choice for experienced traders who are looking for advanced trading features, such as margin trading, futures trading, and stop-loss orders. With these tools, traders can take advantage of market volatility and manage their risks more effectively.
  5. Safe and secure: Binance places a strong emphasis on security and has robust security measures in place to protect users’ assets. This includes multi-factor authentication, two-factor authentication, and encrypted storage for user data.

In short, Binance is the most popular crypto exchange for good reason: it offers a wide range of cryptocurrencies, user-friendly interface, low fees, and advanced trading features, all backed by strong security measures. Whether you’re just starting out or a seasoned trader, Binance is the best choice for trading and investing in crypto.

Binance App Download: Getting Started with the Mobile Trading App

Binance offers a mobile trading app that makes it easy for users to trade on the go. Here’s how to get started:

  1. Create an account: You’ll need to create a Binance (here) account to use the mobile app. This is a simple process that requires you to provide some basic information, such as your email address and password.
  2. Download the Binance app: Once you’ve created an account, you can download the Binance app for free from the App Store for iOS devices or from Google Play Store for Android devices. Simply search for “Binance” and follow the instructions to download and install the app.
  3. Verify your identity: Binance is a regulated exchange and requires users to verify their identity for security purposes. To do this, you’ll need to provide some personal information, such as your name, address, and passport or ID number.
  4. Fund your account: After verifying your identity, you’ll need to fund your Binance account. This can be done by depositing cryptocurrency from another wallet or by using a credit or debit card.
  5. Start trading: Once you have funds in your account, you’re ready to start trading. The Binance app offers a wide range of trading options, including spot trading, futures trading, and margin trading. Simply select the trading pair you want to trade and place your order.

binance app

The Binance app is a great choice for those who want to trade on the go or who prefer a mobile trading experience. With its user-friendly interface, low fees, and wide range of trading options, the Binance app is a great way to get started with trading and investing in crypto.

Binance Trading Fees: A Comprehensive Breakdown

One of the factors that sets Binance apart from other crypto exchanges is its low trading fees. By using our referral code “VZPAVQ2T” or registering through this link: https://accounts.binance.com/en/register?ref=VZPAVQ2T, you can receive even lower fees on Binance by 20%. Here’s a comprehensive breakdown of Binance’s trading fees with this promotion:

  1. Spot trading fees: Binance normally charges a 0.1% trading fee for spot trading, but with our referral code or link, you can receive a 20% discount on spot trading fees for the lifetime of your account. This means you’ll pay just 0.08% in trading fees, which is one of the lowest in the industry. Additionally, users who hold Binance Coin (BNB) can receive an additional 25% discount on their trading fees when they use BNB to pay for their fees.
  2. Futures trading fees: Binance also offers futures trading, which allows users to trade contracts for future price movements. With our referral code or link, you’ll receive a 10% discount on futures trading fees for the first 30 days of your account. The trading fees for futures trading vary depending on the contract and the user’s 30-day trading volume. The fees range from 0.018% to 0.135% for makers and from 0.027% to 0.18% for takers. Like with spot trading, users who hold BNB can receive a 25% discount on their futures trading fees when they use BNB to pay for their fees.
  3. Withdrawal fees: Binance also charges withdrawal fees, which are based on the network fee of the specific cryptocurrency being withdrawn. The withdrawal fee is designed to cover the cost of sending the cryptocurrency to a user’s personal wallet. These fees can vary widely depending on the cryptocurrency, but they are usually a few cents or less.

In conclusion, Binance’s trading fees are already among the lowest in the industry and providing users with a cost-effective way to trade and invest in crypto. By using our referral code or link, you can receive even lower fees, making it a great choice for both new and experienced traders and investors. The ability to receive a discount on fees when using BNB adds to the overall value of the platform, so make sure to take advantage of this offer today!

Binance Trading Platform: Features and Functionality

Binance is one of the largest and most popular cryptocurrency exchanges globally, and its trading platform offers a wide range of features and functionality to make the trading process seamless and efficient.

First and foremost, the Binance trading platform offers a user-friendly interface, making it easy for both experienced traders and beginners to use. The platform provides real-time market data, allowing traders to make informed decisions in a timely manner.

Binance Exchange

Binance Exchange (Source: Binance.com)

In addition to this, Binance also offers a wide range of trading tools, such as technical analysis tools and charting tools, to help traders make better trading decisions. The platform also offers margin trading, which allows traders to leverage their positions to maximize their returns.

Another key feature of the Binance trading platform is its security. Binance uses state-of-the-art security protocols, including two-factor authentication and SSL encryption, to protect the user’s assets and information. Additionally, the platform also offers a secure wallet service, where users can store their cryptocurrencies safely and easily.

Finally, Binance is known for its fast and reliable customer support, with a team of professionals available 24/7 to help users with any issues they may encounter. The platform also offers a comprehensive FAQ section and a community forum, where users can find answers to common questions and exchange ideas with other traders.

In conclusion, the Binance trading platform is a comprehensive and feature-rich platform that offers traders a seamless and efficient trading experience. Whether you’re a seasoned trader or just starting out, Binance is an excellent choice for all your cryptocurrency trading needs.

Binance Futures: Understanding Advanced Trading on Binance

Binance Futures is a feature offered by Binance, which allows traders to participate in advanced trading strategies using futures contracts. Futures contracts are financial instruments that allow traders to speculate on the price movements of an underlying asset without actually owning it.


Example: Imagine you believe that the price of Bitcoin (BTC) will rise in the next month. To profit from this prediction, you decide to trade BTC/USDT futures contracts on Binance.

  1. First, you’ll need to create an account on Binance and deposit funds (either in cryptocurrency or fiat, depending on your preference).
  2. Once your account is funded, you can access the Binance Futures trading platform by navigating to the “Futures” tab.
  3. On the platform, you’ll see the available futures contracts for trading. In this example, you’ll choose the BTC/USDT futures contract.
  4. Next, decide on the leverage you want to use. Binance Futures allows leverage of up to 125x. Keep in mind that higher leverage increases both potential profits and potential losses.
  5. Now, you’ll enter a “Long” position, which means you’re betting that the price of BTC will rise. To do this, select the “Buy/Long” button and enter the number of contracts you want to purchase.
  6. As the price of BTC increases, the value of your futures contract will also increase. You can monitor the performance of your position on the Binance Futures platform.
  7. Before the expiration date of the contract, you can choose to close your position by selling the same number of contracts you initially purchased. The difference between the buying and selling prices will represent your profit or loss.
  8. If you hold your position until the contract expires, it will be automatically settled, and any profits or losses will be credited to your account balance.

Remember that futures trading carries risks, especially when using high leverage. It’s essential to understand the mechanics of futures trading and employ risk management strategies to protect your investment.

On Binance Futures, traders can trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many others, using either USDT or other supported stablecoins as collateral. This allows traders to trade with leverage, which can amplify their gains or losses, depending on the direction of the market.

One of the key benefits of Binance Futures is the ability to trade with high leverage, up to 125x, which can magnify gains or losses. However, it’s important to note that high leverage can also amplify the risk of losses, so traders should be cautious when using leverage and only trade with funds they can afford to lose.

Binance Futures also offers a range of advanced trading features, including stop-loss and take-profit orders, to help traders manage their positions and minimize their risk. Additionally, the platform offers a wide range of order types, including limit orders and market orders, to cater to different trading styles and strategies.

Finally, Binance Futures is highly secure and reliable, with state-of-the-art security protocols in place to protect users’ assets and information. The platform also offers fast and efficient customer support, with a team of professionals available 24/7 to help users with any issues they may encounter.

In conclusion, Binance Futures is a feature-rich platform that offers advanced trading opportunities for cryptocurrency traders. Whether you’re a seasoned trader or just starting out, Binance Futures is an excellent choice for those looking to participate in advanced trading strategies. However, it’s important to understand the risks associated with futures trading and to only trade with funds that you can afford to lose.

Binance Wallet App: Securing Your Crypto with the Binance Wallet

In the world of cryptocurrencies, securing your assets is of utmost importance. The Binance Wallet App provides users with a secure and convenient way to store their crypto. In this chapter, we’ll take a closer look at the features and functionality of the Binance Wallet App.

The Binance Wallet App is a mobile wallet that allows you to store and manage your crypto assets on the go. It’s available for both iOS and Android devices and can be downloaded for free from the App Store or Google Play Store. The app is designed to be user-friendly, so even those who are new to crypto can easily navigate and use it.

One of the key features of the Binance Wallet App is its security. The app uses state-of-the-art security measures to ensure the safety of your assets. For example, it has two-factor authentication, biometric authentication, and device security features to keep your crypto secure. Additionally, all private keys are stored on the user’s device, ensuring that only the user has access to their assets.

Another great feature of the Binance Wallet App is its versatility. It allows users to store and manage multiple cryptocurrencies, including Bitcoin, Ethereum, and others. Users can easily switch between different assets and view their balance, transaction history, and other details. Additionally, users can also easily send and receive crypto using the app.

The Binance Wallet App also supports the Binance Chain, which is a public blockchain that provides fast and secure trading of digital assets. With the Binance Chain, users can trade cryptocurrencies without the need for intermediaries, which helps to reduce costs and improve efficiency. The app also supports other decentralized applications built on the Binance Chain, allowing users to access a wide range of decentralized services.

In conclusion, the Binance Wallet App is an excellent choice for anyone looking for a secure and convenient way to store and manage their crypto assets. With its user-friendly interface, advanced security features, and support for multiple cryptocurrencies, the Binance Wallet App is a great choice for anyone looking to get into the world of crypto.

Binance Withdrawals and Deposits: How to Transfer Funds from and to Binance

In this chapter, we will go over the different methods and fees associated with depositing and withdrawing EUR on Binance.

Deposit Method: For depositing EUR, Binance offers several methods including Advcash Account Balance, Easy Bank Payment, Etana Account Balance, Online Payment, Bank Transfer (SEPA), Bank Card (Visa), Bank Card(Visa/MC), and Bank Transfer (SEPA). The deposit fee for most of these methods is zero, but a fee of 0.5 EUR is applicable for the Easy Bank Payment method. The online payment method has a deposit fee of 1.50%. Bank Transfer (SEPA) has a deposit fee of 1 EUR, and Bank Card (Visa) deposit is not available. The Bank Card(Visa/MC) deposit has a fee of 1.80%.

Withdrawal Method: When it comes to withdrawing EUR, the methods available include Advcash Account Balance, Easy Bank Payment, Etana Account Balance, Bank Transfer (SEPA), Bank Card (Visa), and Bank Card(Visa/MC). The withdrawal fee is zero for the Advcash Account Balance and Etana Account Balance methods, while a fee of 0.5 EUR is applicable for the Easy Bank Payment method. Withdrawal through online payment is not available. The Bank Transfer (SEPA) and Bank Card (Visa) withdrawals have a fee of 1 EUR, while Bank Card(Visa/MC) has a withdrawal fee of 1.80%.

Deposit and Withdrawal in ZAR: Deposits in ZAR through online banking are free, with the only exception being corporate transfer which has a cost of 10 ZAR. To deposit ZAR on Binance, simply log in to your Binance account, go to the deposit page, and select ZAR from the list of available currencies. You will then be prompted to link a South African bank account. After linking the account, you can deposit ZAR directly from your bank account to your Binance account.

It is important to note that the deposit and withdrawal methods, as well as the fees, may change over time. It is always recommended to check the Binance website for the most up-to-date information.

Binance Offer: The Detailed List of Products and Services Available on Binance

Binance is a comprehensive cryptocurrency platform that offers a variety of products and services for both retail and institutional clients.

The platform’s offerings are divided into several categories, including:

  1. Exchange: Binance exchange is the main trading platform that allows users to trade cryptocurrencies against each other. This platform has several trading options, including Spot Trading, P2P Trading, and OTC Trading. Spot Trading allows users to trade cryptocurrencies using spot prices, P2P Trading offers a peer-to-peer trading environment, and OTC Trading is for high-volume trades that can’t be placed on the public order book.
  2. Trading: Binance also provides advanced trading options such as Margin Trading, Futures Trading, and Options Trading. Margin Trading allows users to trade with leverage, Futures Trading enables users to speculate on the price of cryptocurrencies, and Options Trading provides users with the ability to trade options contracts on a variety of cryptocurrencies.
  3. Staking: Staking is a way to earn rewards by holding onto certain cryptocurrencies in a Binance wallet. By participating in staking, users can earn rewards in the form of new coins or tokens.
  4. DeFi: Binance also offers Decentralized Finance (DeFi) products such as Binance Pool, Binance Lending, Binance Earn, and Binance Launchpool. Binance Pool allows users to contribute their assets to liquidity pools and earn rewards, Binance Lending offers crypto-based loans, Binance Earn allows users to earn interest on their assets, and Binance Launchpool enables users to participate in initial coin offerings (ICOs) and other token sales.
  5. NFT: Binance NFT is a platform that provides a marketplace for buying, selling, and trading non-fungible tokens (NFTs). This includes digital art, collectibles, and other unique digital assets.
  6. Mining: Binance Mining Pool is a platform that allows users to participate in cryptocurrency mining and earn rewards in the form of newly mined coins.
  7. Others: In addition to the above-mentioned products and services, Binance also offers other products such as Binance Academy, Binance Charity, Binance Liquid Swap, Binance Launchpad, and Binance X.
binance markets

Binance Cryptocurrency Markets (Source: Binance.com)

Reviews about Binance. What people think?

In the world of cryptocurrency trading, Binance has established itself as a leading player in the field. With its user-friendly platform, extensive range of products and services, and competitive fees, it’s not surprising that Binance has received a high level of positive reviews from users.

According to data from the App Store, Binance has a rating of 4.7 based on 141,614 reviews, which is a testament to the high level of satisfaction among users of the platform. This is reflected in the many positive comments that users have made about Binance, praising its user interface, security measures, and speed of transactions.

Google Play also provides evidence of Binance’s popularity, with a rating of 4.4 based on 1,259,498 votes. This suggests that Binance is widely used and well-regarded among cryptocurrency traders, and that its platform is accessible, easy to use, and provides a high level of security for users.

In conclusion, Binance has earned a reputation as a reliable and trusted platform for cryptocurrency trading, and it is clear from the reviews that users are very satisfied with the platform’s features and functionality. Whether you’re a beginner or an experienced trader, Binance is a great choice for anyone looking to trade cryptocurrency in a secure and efficient manner.

Conclusion: Why Binance is Good Choice for Crypto Traders

In conclusion, Binance has established itself as a leading name in the cryptocurrency world, offering a wide range of products and services to meet the needs of both novice and experienced traders. With a user-friendly platform, low trading fees, advanced trading options, and a strong emphasis on security, Binance stands out as the best choice for those looking to enter the world of cryptocurrency trading.

Whether you’re looking to trade cryptocurrencies in a fast and efficient manner, earn interest through staking, or explore the exciting new world of DeFi, Binance has something for everyone. The platform also offers a wide range of payment options and low withdrawal fees, making it easy to move funds in and out of your account.

In addition, Binance is constantly expanding and adding new features and services to its platform, ensuring that users have access to the latest and greatest in the crypto world. With 24/7 customer support and a commitment to the highest standards of security, Binance is the clear choice for anyone looking to make the most of their cryptocurrency investments.

In short, Binance is a comprehensive and reliable platform that offers a wide range of products and services, making it the best choice for anyone looking to trade and invest in cryptocurrencies.

Expert score

9.4Expert Score
Binance is a leading global cryptocurrency exchange founded in 2017. It offers a platform for trading various cryptocurrencies such as Bitcoin, Ethereum, and many more. Binance also provides a range of services and products including Spot trading, Margin trading, P2P trading, OTC trading, Futures trading, Staking, NFT trading, DeFi, Crypto Loans, Mining Pool, and more. Binance is known for its user-friendly interface, low trading fees, fast transactions, and strong security measures. The exchange supports multiple languages and has a large user base from around the world.
Offer range
10
Credibility/Security
9
Platform
9.6
Customer service
9
PROS
  • Wide range of cryptocurrencies (one of the highest coins number).
  • Competitive fees, especially with our discounts.
  • The platform has a user-friendly interface.
  • High security measures.
  • Customer support that is available 24/7.
CONS
  • Although Binance does offer fiat deposits and withdrawals, the options are limited, particularly for South African citizens.
  • Complexity for new users.
  • Limited regulation.
  • Some countries have restrictions, which may limit the ability of users to access certain services.

1 review for Binance

Show all Most Helpful Highest Rating Lowest Rating
  1. Mieke

    I think Binance is top exchange still. A lot of coins and lowest commissions.

    + PROS: Many coinsLow commission
    Helpful(0) Unhelpful(0)You have already voted this

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    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 72% – 89% of retail investor accounts lose money when trading CFDs.You should not risk more than you are prepared to lose. Please ensure you fully understand the risks associated with the product and read our full risk disclosure statement.

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