Binance Review

Binance Logo

Binance is a popular Cryptocurrency exchange where Crypto lovers can exchange one crypto for another with minimal charges. The exchange has more than 150 tradable crypto coins that can be traded on their unique proprietary trading platform, which is available as a desktop application, web terminal, and mobile apps for iOS and Android devices. The Binance trading platform is fast, robust, and flexible, and the exchange provides market analysis and other educational resources. The exchange claims to make about 1.2 billion average daily volume, and they offer their services in 17 languages. However, Binance does not offer non-Crypto instruments, like stock, forex, or commodities, and they are not regulated by any known financial authority.

Binance Platforms & Tools

Binance Review - Desktop Trading Platform
Binance Review – Desktop Trading Platform

The exchange offers their trading platforms via three channels — Web-based, Desktop, and Mobile apps. Binance desktop trading platform can be downloaded on Windows and Mac computers, while the mobile apps are available for Android and iOS devices.

Binance Review - Basic Platform
Binance Review – Basic Platform

Binance web-based trading platform is of two types — Basic platform and Advanced trading platform. The Basic platform can load on any browser and has a simple and user-friendly interface, while the Advanced trading platform is more sophisticated, with charts from Tradingview, and has more analytical tools. It is available in 16 languages.

Binance Review - Advanced Trading Platform
Binance Review – Advanced Trading Platform

The exchange also added many helpful tools to their platforms, such as the Trust Wallet, Binance Research, and Taker Trading Analysis.

Binance Review - Trust Wallet App
Binance Review – Trust Wallet App

Binance Research & Education

Binance has a section on their website called “Binance Academy.” The academy has three sections: Economics, Blockchain, and Security. The Economics section has over 35 articles and videos that cover financial markets, cryptocurrency, and trading topics, such as the Dow Theory, Risk management, and many more. The Blockchain section has over 50 articles, audios, and videos on the blockchain technology, while the Security section has over 25 articles on digital security technology.

Binance Trading Accounts

The exchange has only one account type. All that is required is to register with the exchange and start trading, but there is a trading fee of 0.1% on each trade.

Binance Account Funding

For deposits, Binance accepts over 150 cryptocurrencies, and there are no deposit fees. Withdrawals can only be made via the same currency as your external wallet — if not, the coin is lost forever — and transaction charges vary with each cryptocurrency. For those who are buying cryptos for the first time, they can use their credit card or do a bank transfer through a third-party crypto seller like Paxful, Banxa, Koinal, or Simplex.

Binance Customer Service

Binance has a customer support team that is available 24/7 to assist you with any questions you may have and provide technical assistance. The support team can be reached via an instant web chat and email. You may also fill the “Submit A Request” form on their website, or connect with them on Facebook, Twitter, Telegram, YouTube, Reddit, Instagram, Weibo, and LinkedIn. There is also the FAQ section on their website which covers many topics.

Binance Regulation

The firm is a cryptocurrency exchange, and it does not seem to be registered with known any financial regulator. At least, the website does not have any regulatory information. Trading with an unregulated broker or exchange could be risky, so you may want to be cautious when dealing with them.

Binance Review Summary

Binance is a popular Crypto exchange that offers trading in over 150 cryptocurrencies. They provide their own trading platform which is available as a web terminal, desktop application, and mobile apps. However, they are not regulated by any financial authority.

Binance

5.2

Spreads

5.5/10

Liquidity

6.0/10

Commissions

6.0/10

Support

8.5/10

Regulation

0.0/10

Features

  • Over 150 Cryptos available
  • Unique trading instruments
  • Option to buy Cryptos with credit card
  • Training academy
  • 24/7 multi-lingual customer support desk