
Binance is a cryptocurrency exchange designed for advanced cryptocurrency traders all over the world.
Binance offers relatively low trading fees over a wide selection of cryptocurrencies for trade globally, though its trading options are more limited in U.S. While its low fees might be appealing, the trading platform has run into regulatory issues and currently under investigations by U.S authorize.
Pros Explained
- Over 70 tradeable cryptocurrencies for US customers: Binance offers over 65 tradeable coins over U.S customers to exchange over the platform. If you are living out of U.S then you have even more available options to choose from.
- Low fees: Binance platform offers relatively low fees for traders, meaning trader get to keep more of there investments and earning
- Wide selection of trading options and order types: Binance offers several trading options to choose from, including peer-to-peer trading, post only order, and one cancels the other order. Some of these options including margin trading are not available for U.S customers.
Cons Explained
- Binance platform is complex and may be a bit confusing: While the overall board range of features and trading tools on Binance may exciting, it can be also intimidating. Even for experienced traders may feel overwhelmed by all the options available.
- No built-in digital wallet at Binance: While some popular exchanges has built-in wallets within there platform, Binance does not posses built-in digital wallet. Binance does recommend to use “Trust Wallet”. which has a very good reputation by the community for long time.
- Binance run into some regulatory troubles lately: Binance has faced several regulatory and legal issues in multiple countries, so cryptocurrency investors may want to consider use other exchanges.
Introduction
Binance is the largest cryptocurrency trading platform in the world. Beacuse it offers a robust selection of trading options and features, it is not particularly user-friendly. Investors may experience a steep learing curve with Binance depending on their personal experience and knowledge.
Through its desktop or mobile app Binance dashboards, Binance offers a wide array of trading features, including an imppresive selection of market charts and hundreds of cryptocurrencies. Users can also access a variety of trading options including futures and options, as well as several order types. In addition to its tools Binance also offers users a comprehensive learning platform, an NFT platform, and more. The NFT marketplace is currently not available for U.S customers yet.
Binance Security
We found very limited information about Binance security measures and protections, and the company did not respond to a request for comment. Binance U.S says the following statement on its Home-Page: ” We use state-of-the-art storage technology to protect your cryptocurrencies and USD assets”.
Binance also mentioned the “vast majority” of there users funds and assets are stored in offline, cold storage facilites. Though it’s unclear exactly what precentage of the assets held by the exchange are kept in secure, offline cold storage vs. online storage of assets. Clients must have Binance U.S account to send queries to the help desk, so we were unable to get more information that way.
We reached out to Binance U.S for more information regarding there security measures, but received no respond. We will update the review of Binance if we will receive any more information by U.S

Binance is the exchange with the highest trading volume in the world.
Binance Earn: By using using Binance Earn you will generate extra income using crypto you are holding and not using for trading. With flexible savings you can flexibly stake your crypto, which means that you can withdraw it all times. The annual return is visible behind each crypto. Using Locked Saving or Staking you will lock your crypto for a spesific period. You generally receive more interest when you lock your crypto, buy you cannot withdraw it until it is unlocked.
Future Trading: There is also a special futures derivatives environment for proffesional traders. Keep in mind that this is only for experience traders. To use future trading you must give your consent separately and you must transfer your funds from Spot to Futures.
Binance fees and costs: The business model of binance for an exchange is the fees they charge per transaction. These are fees for exchanging cryptocurrencies, but also for withdrawing crypto. Depositing cryptocurrency is completely free and no fee is charged for this. Per coin you pay a different fee to send or withdraw. To exchange cryptocurrencies you pay a standard 0.1% fee.
A great addition from binance is that you will get 25% discount on the fees if you hold the Binance Coin. When you create an account, this discount is by default ticked in your dashboard.