Dark Light

Binance 2024 Review: The Crypto Giant Standing Tall

binance review

Beijie Technology and its founder maintain an impressive track record within the industry. Zhao’s CV includes high-profile positions, such as technical director at Blockchain.com, and his company now provides trading systems for over 30 other platforms. Investors who invested in Binance’s ICO got Binance Coin (BNB) in return, which could be used to trade cryptocurrencies and pay for fees on Binance. BNB is now also used to power BNB Chain, formerly known as Binance Smart Chain. BNB’s initial value was around $0.1, and has continued to appreciate with the rise of Binance and BNB chain. Binance is unmatched regarding the breadth of its crypto product suite paired with deep liquidity.

Binance money laundering trial in Nigeria to begin in May – Global Investigations Review

Binance money laundering trial in Nigeria to begin in May.

Posted: Tue, 09 Apr 2024 07:00:00 GMT [source]

You are unable to access g2.com

binance review

Since then, the platform has established itself as one of the most reliable players in the crypto space. Binance has a separate platform in the U.S. called Binance.US with fewer features and cryptocurrencies. binance review Binance.US trades over 150 cryptocurrencies, and does not offer futures trading or leveraged tokens. Binance.US accounts are not available in Hawaii, New York, Texas, or Vermont.

  • For instance, we are operating using the “regular user” level, which attracts a spot trading fee of 0.1% for both maker and taker.
  • Both are also customizable, meaning you can create an exchange view that fits your preferences.
  • For spot trading, there are maker and taker fees of 0.1% each, depending on your interaction level and trading volume over the past 30 days.
  • Users, however, are welcome to use their own choice of crypto wallet.
  • They seem to do a pretty good job of keeping the exchange itself safe from hacks and exploits (though remember, BNB Smart Chain is a separate product with its own security considerations).

Binance’s decentralized exchange (DEX)

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Our partners cannot pay us to guarantee favorable reviews of their products or services. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor.

binance review

Binance Fiat Gateway

Being the largest crypto exchange on the planet, Binance has to offer excellent security measures to protect itself and its users. Some of these include real-time monitoring of activities, protocols that flag suspicious transactions, obscuring sensitive information, and cold wallets to store the majority of customer funds. Since only U.S. citizens are allowed to trade on the Binance.US platform, it only makes sense to compare it to one of the prominent and oldest cryptocurrency exchanges that operate in the U.S. — Coinbase. In fact, it tops the ranks of cryptocurrency exchanges maintained by CoinMarketCap, which are ranked based on 24-hour trading volumes, exchange score and average liquidity. Binance triumphs over exchanges like Huobi Global and Coinbase, which follow closely in 2nd and 3rd places, respectively.

You are unable to access invezz.com

The exchange uses a maker-taker fee structure where fees are based on your 30-day trading volume and whether you are adding or removing liquidity. Our goal is to provide the most thorough and detailed https://www.tokenexus.com/mining-benchmark-software/ available, enabling readers to make an informed decision about whether Binance is the right cryptocurrency exchange for their needs. We aim to highlight both the advantages and disadvantages of trading on Binance compared to other top crypto exchanges. In our comprehensive Binance review, we’ll provide an unbiased look at the platform’s key features, strengths and weaknesses. We’ll examine everything from signing up and trading on Binance to its security measures and customer support.

How to Trade on Binance?

We believe everyone should be able to make financial decisions with confidence. The referral program allows you to earn up to 20% of the fee on each of your referral’s trades, and this percentage goes up to 40% if you hold 500 BNB or more in your Binance account. If you’re looking to use a traditional credit card to purchase coins, you can now do this directly from the Binance website. When you complete your trade, your newly purchased coin will now be available in your Binance account. You can either keep it in your Binance account, or withdraw it to an external wallet. If a fiat currency deposit is something you want to explore, you’ll need head over to the ‘Funds’ section of your account and follow on the on-screen instructions (if available).

Stay on top of crypto news, get daily updates in your inbox.

  • The Binance Fiat Gateway is a result of a growing number of third-party partnerships with some of the top crypto companies in the industry.
  • Binance Coin (BNB) is a cryptocurrency launched by the Binance Platform in July 2017.
  • If you choose to use BNB to pay fees, you’ll receive a 25% discount.
  • However, another problem Binance.US might face as more and more cryptocurrency regulations are filed on the state and national levels.
  • BNB is now also used to power BNB Chain, formerly known as Binance Smart Chain.
  • But overall, Binance customer support gets the job done and improves over time.
  • Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only.