Binance
review and rating
China, Hong Kong
Binance
review and rating
China, Hong Kong
About Binance
Binance stands as the world's largest cryptocurrency exchange in terms of daily trading volume, boasting an impressive $76 billion in daily trading volume as of August 2022. With a user base of 90 million customers worldwide, it has earned a strong reputation in the crypto industry. Binance serves as a reliable platform where users can buy, sell, and securely store their digital assets. Moreover, it offers access to an extensive selection of over 350 cryptocurrencies and thousands of trading pairs.
Pros:
- Wide Range of Cryptocurrencies: Binance supports an extensive list of cryptocurrencies, providing users with numerous options for trading and investing.
- Low Trading Fees: Binance is known for its relatively low trading fees compared to many other cryptocurrency exchanges, making it attractive to both casual and professional traders.
- Security Measures: Binance has implemented robust security measures, including two-factor authentication (2FA) and withdrawal whitelist settings, to enhance user account security.
- Liquidity: As one of the largest exchanges globally, Binance offers high liquidity for many trading pairs, reducing the impact of slippage during trades.
Cons:
- Regulatory Scrutiny: Binance has faced regulatory scrutiny in various countries, with some jurisdictions taking actions against the platform. This can lead to uncertainties regarding the regulatory environment for users.
- Complex Interface for Beginners: While Binance provides a user-friendly interface, beginners might find the platform's advanced trading features a bit overwhelming. It may take some time for new users to become familiar with all the options and tools available.
- Limited Customer Support: Binance, like many cryptocurrency exchanges, has faced criticism for its customer support, with some users reporting slow response times and difficulties in resolving issues.
387
Coins
9m+
Weekly visits
$6,2B
Daily volume
About Binance
Binance stands as the world's largest cryptocurrency exchange in terms of daily trading volume, boasting an impressive $76 billion in daily trading volume as of August 2022. With a user base of 90 million customers worldwide, it has earned a strong reputation in the crypto industry. Binance serves as a reliable platform where users can buy, sell, and securely store their digital assets. Moreover, it offers access to an extensive selection of over 350 cryptocurrencies and thousands of trading pairs.
Pros:
- Wide Range of Cryptocurrencies: Binance supports an extensive list of cryptocurrencies, providing users with numerous options for trading and investing.
- Low Trading Fees: Binance is known for its relatively low trading fees compared to many other cryptocurrency exchanges, making it attractive to both casual and professional traders.
- Security Measures: Binance has implemented robust security measures, including two-factor authentication (2FA) and withdrawal whitelist settings, to enhance user account security.
- Liquidity: As one of the largest exchanges globally, Binance offers high liquidity for many trading pairs, reducing the impact of slippage during trades.
Cons:
- Regulatory Scrutiny: Binance has faced regulatory scrutiny in various countries, with some jurisdictions taking actions against the platform. This can lead to uncertainties regarding the regulatory environment for users.
- Complex Interface for Beginners: While Binance provides a user-friendly interface, beginners might find the platform's advanced trading features a bit overwhelming. It may take some time for new users to become familiar with all the options and tools available.
- Limited Customer Support: Binance, like many cryptocurrency exchanges, has faced criticism for its customer support, with some users reporting slow response times and difficulties in resolving issues.
387
Coins
9m+
Weekly visits
$6,2B
Daily volume
More information about Binance
Binance is a comprehensive cryptocurrency ecosystem that encompasses various services and products related to digital assets and blockchain technology. Founded in 2017 by Changpeng Zhao, Binance has grown to become one of the largest and most influential companies in the cryptocurrency industry.
Cryptocurrency Exchange:
Binance operates one of the world's largest cryptocurrency exchanges. It offers a platform for users to trade a wide range of cryptocurrencies against each other and against various fiat currencies. With a user-friendly interface and competitive fees, it has become a go-to choice for both novice and experienced traders.
Diverse Cryptocurrency Selection:
Diverse Cryptocurrency Selection: Binance provides access to a vast array of cryptocurrencies, including well-known coins like Bitcoin and Ethereum, as well as a multitude of altcoins. This extensive selection allows traders to diversify their portfolios and explore new investment opportunities.
Security:
Binance places a strong emphasis on security. It employs multiple layers of protection, including cold storage for funds, two-factor authentication, and other security measures to safeguard user assets. Binance places a strong emphasis on security. It employs multiple layers of protection, including cold storage for funds, two-factor authentication, and other security measures to safeguard user assets.
Binance Coin (BNB):
Binance has its native cryptocurrency called Binance Coin (BNB). BNB serves various purposes within the Binance ecosystem, including reducing trading fees, participating in token sales on Binance Launchpad, and more.
Binance Launchpad:
This platform within Binance is dedicated to hosting token sales and initial coin offerings (ICOs) for new cryptocurrency projects. It has become a popular avenue for blockchain startups to raise capital and gain exposure.
Binance Labs:
Binance Labs is an incubator and investment arm of Binance, supporting early-stage blockchain projects. It provides funding, mentorship, and resources to foster innovation in the cryptocurrency space
Educational Resources:
Binance offers educational resources such as Binance Academy and Binance Research to help users better understand blockchain technology and cryptocurrencies.
Derivatives and Margin Trading:
Binance provides advanced trading features, including margin trading with leverage, Binance Futures, and Binance Options, allowing traders to diversify their strategies.
Global Reach:
Binance has a vast international presence, with users from around the world. It offers multilingual support and localized services in various regions.
Binance Trust Wallet:
Binance Trust Wallet is a secure, user-controlled cryptocurrency wallet that allows users to store and manage their digital assets independently.
Charity Initiatives and NFTs:
Binance is involved in charitable activities and NFT (Non-Fungible Token) marketplaces, contributing to the broader adoption and use of blockchain technology.
More in
Exchanges
Binance
China, Hong Kong
Binance is one of the world's largest and most popular cryptocurrency exchanges, offering a platform for trading a wide range of digital assets.
Bybit
Asia, Singapore
Bybit provides a platform for traders to engage in various cryptocurrency trading activities, with a particular emphasis on derivatives like perpetual contracts.
WhiteBit
Ukraine
WhiteBIT is one of the biggest European crypto exchanges, founded back in 2018 in Ukraine.
Huobi
China, Beijing
Huobi is an international cryptocurrency exchange. The work of the international company Huobi began in 2013.
CoinBase
San Francisco, California, U.S.
Coinbase is a cryptocurrency exchange platform that facilitates the buying, selling, and trading of various digital currencies. It was founded in 2012 by Brian Armstrong and Fred Ehrsam and has since become one of the largest and most well-known cryptocurrency exchanges in the world.
Kraken
San Francisco, California
Kraken is one of the world's largest digital asset exchanges and the leader in euro volume and liquidity. Globally, Kraken's client base trades more than 200 digital assets and 8 different fiat currencies, including GBP, EUR, USD, CAD, JPY, CHF AED and AUD.
Okx
Seychelles
OKX is an innovative cryptocurrency exchange with advanced financial services.
KuCoin
China, Hong Kong
KuCoin is a secure cryptocurrency exchange where you can purchase, sell, and trade Bitcoin, Ethereum, and over 700 alternative cryptocurrencies.
Gate
China
Gate.io is an international cryptocurrency exchange that has been in operation since 2013. Boasting more than 4 million users across the globe, it stands as one of the swiftly expanding cryptocurrency platforms, offering a wide range of products including Spot and Margin trading, DeFi, NFT, IEO, and various other services.
P2pb2b
Lithuania
P2B cryptocurrency Exchange, a major global digital assets trading platform with daily trading volumes reaching $1.5 billion
Xt.com
Dubai
XT.COM is a well-rounded trading platform, backing over 800 top-notch tokens and facilitating more than 1000 trading pairs.
Bitget
Seychelles
Bitget is a cryptocurrency exchange that was founded in 2018 with a mission to inspire individuals to embrace crypto and connect to the future. It offers a wide range of crypto trading services, including futures trading, spot trading, spot margin trading, and strategy trading.
