Binance experiences
Anyone who has ever dealt with Bitcoin, Ethereum and other cryptocurrencies probably knows the crypto exchange Binance.
Binance was founded in 2017 and is based in Malta.
In our crypto exchange test you will find all the advantages and disadvantages, as well as all Binance experiences.
company name
registered office
founding year
fees
CEO
Offer
support
selection
Languages
site
Malta
2017
0.1%
Changpeng Zhao
Spot Trading, Futures, Staking
chat ticket
Bitcoin, Shiba Inu +650
German, English + 45
Binance opportunities
The crypto exchange Binance offers a whole range of options.
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Spot Handel
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Margin Trading
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Futures Handel
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Staking & Lending
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Binance Smart Chain & BNB
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Binance Crypto Credit Card
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launchpad
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NFT Marketplace
How safe & reputable is the crypto market leader?
Of course, the security of a crypto exchange always comes first, nobody wants to have to worry about their money.
Binance offers a whole range of security measures, including 2-factor authentication and an anti-fishing code. According to their own statements, the technology of the crypto exchange is state-of-the-art.
When asked if Binance is safe, we can definitely answer yes.
Is Binance legit? Since we can give the same answer, Binance is serious.
Binance fees
The fees at Binance are 0.1% for purchases and sales, with the possibility of using the exchange's own coin BNB for the fees, these can be reduced by 25%.
If you decide to register with Binance and do so via our website, you can save another 20% in fees, so that the fees ultimately amount to only 0.055%, making Binance, together with KuCoin, one of the cheapest crypto exchanges.
Deposit & Withdrawal
Binance does not charge any fees for deposits, only the payment provider can charge a fee.
There are also no fees for the payout at Binance, unless the payout is made with cryptocurrencies, here you have to pay the network fees of the respective cryptocurrency.
deposit options
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debit card
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Credit card
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cryptocurrencies
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SEPA transfer
withdrawal options
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cryptocurrencies
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SEPA transfer
Binance registration
Registering with Binance is a breeze, all you need is an email address and a password. After that, you have to confirm the email address and go through the KYC verification to confirm your identity with an ID card.
After a few minutes you can start trading cryptocurrencies directly.
user interface
Despite the fact that the crypto exchange has a relatively large number of functions, Binance's user interface is very clear and easy to understand even for beginners.
The same applies to the Binance app, which is also very easy to use.
support
If you have questions for Binance support, you can choose between ticket and live chat, for simpler things the chat is sufficient.
If you have a slightly more complicated question you should open a ticket, the answer will take longer here, but the solutions are better.
result
In conclusion, we can say that Binance is a good crypto exchange, which only differs from our test winner in a few pointsKuCoinhad to admit defeat.
You are definitely in good hands here.