The 0.40%/0.60% maker/taker fee is competitive and on par with Coinbase. Binance.US makes up for it with zero-fee bitcoin trades on select pairs. It also offers discounts for trading higher volumes and using its proprietary coin, BNB. It provides its millions of users with the tools to buy and sell over 350 crypto assets at low fees and to lend, borrow and stake their digital assets, as well. The platform notes that while payments can be accepted from credit cards of all currencies, if the native currency is anything other than USD or EUR, then an additional charge might apply.
- Currently rated 4.7/5 on the App Store based on over 140,000 reviews, the Binance app is well-designed, feature-rich, and beginner-friendly.
- By combining non-custodial wallets with dapp access, it offers users the ability to tap into DeFi, NFTs, gaming, metaverses and more.
- Despite some regulatory hiccups last year, Binance’s appeal hasn’t waned, evident in its growing user base of 170 million.
- Despite these limitations, Binance.US remains one of the top 10 crypto exchanges in the world, according to crypto industry ranker CoinMarketCap.com.
- To cash out to fiat currency, go to “Sell Crypto” and select your fiat currency and linked bank account.
- As a potential or existing Binance trader, it’s worth noting that different Binance services may not be available based on the residential jurisdiction of the account holder.
- In reality, it’s amazing just how quickly the platform has grown since it was launched in 2017.
Binance Introduces HODLer Airdrops: Rewarding BNB Holders with Emerging Project Tokens
This wide range of available coins allows users to diversify their portfolios and take advantage of various trading opportunities in the crypto market. Despite these drawbacks, Binance remains popular among many cryptocurrency traders due to its extensive offerings, competitive fees, and strong security measures. Binance has integrated the best crypto charting software, TradingView, to offer users advanced charting capabilities, excellent drawing tools, technical indicators, and live price data. Furthermore, the order-book-based trading window has features, including transaction history and recent market activity providing users with additional data.
- Without submitting any verification details, you’re placed at Level 1 and can withdraw up to 2 BTC worth of cryptocurrency a day.
- I have used the Binance customer support a few times over the years and every time I have got an extremely fast response.
- Binance Leveraged Tokens are an interesting derivative product that offers leveraged exposure without some of the risks and complexities of futures contracts.
- Staking is the ability to earn passive income on cryptocurrencies by using them as collateral to help facilitate building the coin’s blockchain.
- However, they can also make wire deposits and withdrawals, and they have increased limits for bank transfers and credit cards.
- Hedge With Crypto is an independent publisher that provides objective and free content.
Types of Binance Fees
The standard spot trading fees on Binance are 0.1% for each transaction (e.g., buy/sell). By the end of this review, readers will have a clear understanding of Binance’s fees, supported assets, trading platforms, security, regulation status, and overall reputation. Whether a beginner looking to buy their first crypto or an advanced trader exploring derivatives, our review covers everything you need to know to decide if Binance is the right fit. Let’s begin our comprehensive look at the world’s top cryptocurrency exchange.
Real Support is missing and reply from Binance
Yes, Binance offers iOS and Android apps with full account access and trading capabilities. The apps allow easy trades, deposits/withdrawals, staking, data tracking and more on the go. Binance allows buying crypto with credit/debit cards, bank transfers, P2P trading, and third-party payment gateways depending on user location. https://www.tokenexus.com/ Over 65 fiat currency options are supported through the Binance Fiat Gateway. For traders interested in crypto derivatives, Binance offers an advanced futures and options trading platform. Binance Futures allows up to 125x leverage on derivatives contracts for major cryptocurrencies like BTC, ETH, XRP and more.
Each new listing brings a buzz of excitement to the community. Those scary graphs will now display the market information of your chosen pairing. Once you click on the currency pairing (LTC/BTC, for my example), you need to scroll down to the trading screen. Now that we’ve discussed some of their advantages in this Binance review, let’s take a look at a few of the exchange’s less-than-ideal points. This Binance review will give you a complete overview of the Binance exchange. Once you have read this, you will have a good understanding of whether it is the right exchange for you.
To complete the KYC process, you’ll need to upload a copy of your government issued ID. This needs to either be a driver’s license, passport, or national ID card. However, the platform recently announced that it would be restricting US passport holders from using its exchange. The main reason for this is that Binance is looking to launch a dedicated exchange for US citizens that complies with all regulatory requirements.
