• Average rating of 94% based on 161,915 reviews.
• Founded 6 years ago in 2017.
• Headquartered in Lithuania.
• 0.1% exchange (taker) fee.
Binance Crypto Platform
DeFinda Score™
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| Loan Rates | |
| Established | |
| Reviews | |
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| Withdrawals | |
| Coverage | |
| Support |
Binance is a cryptocurrency exchange founded in 2017 by Changpeng Zhao, commonly known as CZ. The platform has quickly grown to become one of the largest and most popular exchanges in the world, with a daily trading volume that often exceeds billions of dollars.
Binance offers a wide range of cryptocurrencies for users to trade, including Bitcoin, Ethereum, Ripple, and many others. The platform also has its own native token, called Binance Coin (BNB), which users can use to pay for trading fees at a discounted rate.
One of the key features of Binance is its advanced trading interface, which is designed to cater to both beginners and experienced traders. The platform offers a range of trading tools and resources, including real-time market data, price charts, and technical analysis indicators, to help users make informed trading decisions.
Binance also offers a mobile app, which allows users to trade cryptocurrencies on the go. The app is available for both iOS and Android devices and offers the same range of features as the desktop version.
Read more ...
Pros
The biggest crypto platform in the world
Huge array of innovative crypto related services
High liquidity exchange offers competitive rates
Low maker and taker exchange fees
Cons
Headquarters location and license status unclear
Fiat withdrawls not available in some countries due to regulatory reasons
Binance Savings Accounts
| Yield | Tokens | Term | Yield | Yield Trend |
|---|
Binance Loans
DeFinda Score™
Staking Yields
Loan Rates
Binance has market average instant access loan rates for Filecoin (11%), Chromia (11%), Kusama (11%) and 11 more cryptocurrencies, however Binance also has less competitive loan rates secured against Bitcoin (11% vs 4.5% at Coinloan), Litecoin (11% vs 4.5% at Coinloan), XRP (11% vs 4.5% at Coinloan) and several other cryptocurrencies.
Note that loans are complex products with rates varying by collateral and LTV. For a full comparison visit our loans page.
Established
Binance was founded in 2017 which makes it 6 years old. That's still quite young as the oldest crypto platforms are 16 years old.
Binance has approximately 4,000 employees. That makes it one of the smaller crypto platforms by number of employees.
Binance has a total of approximately 3 billion USD of assets under management. The biggest crypto platforms are managing up to 21 billion USD of assets.
Reviews
Binance has an average expert rating of 92% based on 2,403 expert reviews, and an average user rating of 94% based on 151,437 user reviews. Expert reviews include Hedge With Crypto (96%), Benzinga (80%), Money Check (88%) and Jean Galea (90%).
Risk Management
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Withdrawals
Coverage
Support
Binance offers 24 hour support by online chat, however they do not offer support by email or phone.
Binance Reviews
Based on a total of 161,915 reviews across the web for Binance we gave the platform an overall rating of 94%.
| Overall User Rating |
|
159,512 reviews 159,512 |
| iphone App |
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156,300 reviews 156,300 |
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2,092 reviews 2,092 |
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765 reviews 765 |
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178 reviews 178 |
| G2.com |
|
86 reviews 86 |
| Show 7 more user reviews ... | ||
| Overall Expert Rating |
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2,403 reviews 2,403 |
| Learn 2 Trade |
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| Vip-Grinders.com |
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| Finbold |
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| Rush Radar |
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| Forbes |
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| Show 94 more expert reviews ... | ||
Binance YouTube Reviews
Binance Promo Codes & Vouchers
Binance Debit Cards
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8%
Cashback
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8%
Cashback
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Binance Fees
| Exchange maker fee | 0.1% |
| Exchange taker fee | 0.1% |
| Fiat deposit fee | Varies by currency and deposit method. Free for some methods/currencies. Up to 3.5% for others. |
| Fiat withdrawal fee | Varies by currency and deposit method. Free for some methods/currencies. Up to 2.5% for others. |
| Crypto deposit fee |
Free
|
| Crypto withdrawal fee | Varies by currency. 0.0005 BTC for Bitcoin. |
| Crypto wallet withdrawal limit | Up to 100 BTC per day for verified accounts |
Binance Scams, Frauds, Hacks and Blunders
Binance Supported Currencies
Binance supports over 500 currencies including Pounds Sterling, US Dollars, Euros and Polish Złoty.
| GBP Pounds Sterling | Pounds Sterling |
| USD US Dollars | US Dollars |
| EUR Euros | Euros |
| PLN Polish Złoty | Polish Złoty |
| AUD Australian Dollars | Australian Dollars |
| TRY Turkish Lira | Turkish Lira |
| RUB Russian Ruble | Russian Ruble |
| UAH Ukrainian Hryvnia | Ukrainian Hryvnia |
| BRL Brazilian Real | Brazilian Real |
| ZAR South African Rand | South African Rand |
| NGN Nigerian Naira | Nigerian Naira |
Countries That Can Use Binance
Binance's services are available in all countries EXCEPT:
Binance Languages
Binance's supports the following languages: English, French, Bulgarian, Japanese, Greek, Arabic, Argentinian-Spanish, Latvian, Turkish, Polish, Brazilian-Portuguese, Vietnamese, Portuguese-Portuguese, Swedish, Romanian, Spanish, Simplified Chinese, Czech, Hebrew, Russian, Slovenian, Traditional Chinese, Italian, Indonesian, Mexican Spanish, Ukrainian Russian, Hindi, Chilean Spanish, Peruvian Spanish, Colombian Spanish, Filipino and Urdu.
Which Crypto Wallets Support Binance?
Binance is supported by crypto wallets including the Ledger Nano X, the Trezor One and the SafePal S1.
Binance Key Data
| Legal name | Binance UAB |
| Year founded | 2017 |
| Country incorporated in | Lithuania |
| Headquarters country | Lithuania |
| Decentralised |
No
|
| Number of employees | 4000 |
| Number of users | 29,000,000 |
| Total assets under management | $3,000,000,000USD more ...$0USD |
| Savings accounts |
Yes
|
| Loans |
Yes
|
| Crypto to crypto exchange |
Yes
|
| Fiat to crypto exchange |
Yes
|
| Pro exchange marketplace |
Yes
|
| Peer to peer exchange |
Yes
|
| Margin trading |
Yes
|
| Corporate accounts |
Yes
|
| Instantly buy crypto with fiat |
Yes
|
| Integrated crypto wallet |
Yes
|
| Crypto withdrawals to private wallet |
Yes
|
| Fast account verification |
Yes
|
| Futures exchange |
Yes
|
| Insurance level | $285,000,000USD more ...$0USD |
| Cold storage |
Yes
|
| Two factor authentication |
Yes
|
| Know your customer |
Yes
|
| Credit check |
No
|
| 24/7 support |
Yes
|
| Email support |
No
|
| Phone support |
No
|
| Chat support |
Yes
|
| Maker fee | 0.1% more ...0% |
| Taker fee | 0.1% more ...0% |
| Fiat deposit fee | Varies by currency and deposit method. Free for some methods/currencies. Up to 3.5% for others. |
| Fiat withdrawal fee | Varies by currency and deposit method. Free for some methods/currencies. Up to 2.5% for others. |
| Crypto deposit fee | Free |
| Crypto withdrawal fee | Varies by currency. 0.0005 BTC for Bitcoin. |
| Crypto wallet withdrawal limit | Up to 100 BTC per day for verified accounts |
Useful Links
Binance Contact Details
| https://www.binance.com/ | |
| pr@binance.com | |
| market@binance.com | |
| business@binance.com | |
| tradedesk1@binance.com | |
| access@binance.com | |
| risk@binance.com | |
| Binance UAB - Didžioji str. 18, Vilnius |
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