Binance Review

Binance Review

Binance is the world’s largest cryptocurrency exchange and has an average daily volume of more than $3 billion. The company has more than 1,300 employees from more than 50 countries working in more than 20 different locations.

The Binance ICO raised $15 million and everybody who invested in the project got rewarded with BNB tokens which have since then become extremely popular and are now the cryptocurrency with the 3rd-largest market capitalization.

The cryptocurrency exchange is the most popular place for traders and investors to purchase and sell their coins and is especially popular due to its low fees, a great reputation, and track record of reliable withdrawals.

Check out our in-depth and honest Binance Review 2023 below!

Binance Review – Services

Binance has been launched in 2017 as a crypto exchange. However, soon after the site went online, it started offering plenty of additional services for its customers.

Nowadays, you can trade hundreds of different cryptocurrencies. Furthermore, you can also purchase various cryptocurrencies using your credit card, bank transaction, cash balance, and multiple other payment methods – as of today, Binance support more than 40 different fiat currencies.

Additionally, the exchange also added multiple financial services that allow you to earn additional crypto by investing your coins in lending, staking, and other innovative methods.

Binance lets you generate passive income from your cryptos and also added a special platform for new investments called Binance Launchpad. Binance Launchpad is an alternative ICO model tool and allows partners of Binance to launch their new projects on Binance and nowadays, it has become a highly profitable investment tool for both, new projects and investors.

How to open an Account at Binance?

Opening an account and getting verified at Binance takes just a couple of seconds. Nevertheless, we have created a step-by-step guide that will make it even easier and help you to get started even quicker!

Step 1 – Start Registration Process

Please delete cookies (important) and then CLICK HERE to start the Binance registration process.

Step 2 – Enter your Details

You will be redirected to the Binance website, where you have to enter your email address and preferred password.

Binance Review – How to buy Bitcoin

After you have created your Binance account, you can start buying Bitcoin or other cryptocurrencies at Binance.

In general, there are two different ways of purchasing Bitcoin using cash – you can either connect your debit/credit card or bank account or buy crypto directly from other users on Binance P2P.

Buying Bitcoin using your debit or credit card or via bank transfer is certainly the most customer-friendly way of purchase crypto. Binance has a minimum deposit of $15 for this kind of transaction.

Recently, there have been additional payment methods added for multiple regions. Depending on the local currency you chose, you can select another payment method that is available to you.

Right now, you can use Euro (EUR), Australian dollar (AUD), Brazilian reais (BRL), the British pound (GBP), and the Turkish lira (TRY) on your Binance account to purchase Bitcoin on the Spot, Margin, and Futures markets on Binance.

Binance Fees

Depositing cryptocurrencies is completely free of charge at Binance. However, if you decide to deposit fiat currency into your account, the cryptocurrency exchange is going to charge your account with a minor fee upon your deposit. The only free fiat deposit option at Binance is through bank wire transfers.

Binance is earning money by charging traders a small fee on their trades. The operator charges a 0.1% fee for every trade, which is way lower than what other large cryptocurrency exchanges have to offer.

However, you can claim a decent discount on your fees when trading on Binance of up to 25%. By using the Binance Coin BNB for trading, you will automatically pay fewer fees which makes Binance one of the most reliable and the go-to exchange if you are looking to purchase or trade cryptocurrencies.

If you are a high-frequency trader with a volume of more than 50 BTC, you are considered a VIP client at Binance and you can get in touch with the exchange to request an individual deal.

Binance Review – Available Cryptocurrencies

The exchange is certainly one of the most popular features of Binance and attracts large amounts of traders every day. The operator offers an incredibly wide variety of different cryptocurrencies that can be traded.

Right now, there are more approximately 300 coins supported and Binance is constantly adding new coins. Furthermore, you will also find more than 1,000 trading pairs.

You can not just trade Bitcoin or other cryptocurrencies, but Binance has also added further fiat currencies that allow you to trade against Euro or British Pound Sterling.

Furthermore, you can also trade against stablecoins such as Tether or the U.S.-regulated BUSD. On top of that, you can also use the official Binance Coin BNB to trade cryptocurrencies.

By trading for BNB you will benefit from several benefits such as lower trading fees. Moreover, you can also use your BNB token to participate in IEOs in the Binance Launchpad and use it for other financial services offered by the exchange.

Binance Mobile App

You can also access the crypto exchange via multiple devices. Even though the web platform is probably still the most common way of accessing Binance, you can also use their mobile app to access the site from anywhere you want.

The Binance mobile app is available for both, Android and iOS devices and features all services that are available on the web platform.

You can access, the fiat gateway, Binance Finance, Binance, Futures, P2P trading, and many other services. The Binance mobile app is well-designed, features quick loading times, and you will quickly be able to access the features that you have been looking for.

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Binance Review – Restricted Countries

Binance offers its services in many countries. However, if you are located in one of the following countries you are unfortunately not allowed to sign-up at Binance: Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Croatia, Cuba, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, and Zimbabwe.