|Company headquarter||Tokyo, Japan|
|Token coverage||Over 80 different currencies in total:
BTC, ETH, LTC, XRP, IOTA, EOS, NEO, ETC, MANA, DASH, YOYO, BCC, POWR, TRX, ADA, XLM, QTUM, MCO, REQ, ZEC, OMG, WABI, QSP, BTS, XMR, WTC, STRAT, SNT, BNB, LINK, STORJ, LSK, RDN, MTL, SALT, TNT, VEN, BTG, CMT, ARK, AMB, RCN, HSR, LRC, SUB, BQX, ZRX, KNC, GXS, GAS, GVT, CND, BAT, KMD, MOD, XCZ, DNT, CTR, BCD, ENG, BNT, ADX, LEND, XVG, DLT, AST, FUN, ARN, PPT, SNM, CDT, SNGLS, DGD, EVX, VIB, NULS, MTH,OAX, ENJ, FUEL, MDA, POE, BCPT and ICN.
|Features||Exchange, margin trading, margin funding market|
|Trading fee||0.1% trading fee. If you have BNB, you can select BNB for a 50% deduction on your trading fees.|
|Withdrawal fee||Yes, depending on coin|
|Two-factor authentication (2FA)||Yes|
|Has been hacked?||No|
|Support||Reddit, Twitter, Facebook, QQ Group: 344615861, Weibo, Wechat, FAQ|
|Strong team||Not beginner-friendly|
|Great selection of cryptocurrencies||No leverage trading option|
|Low fees||No fiat payment option|
|Superior technology and interface|
|Great customer support|
|High security standard|
Binance is one of the world’s leading cryptocurrency exchanges and was founded in 2017. The chinese cryptocurrency exchange provides you with lots of different currencies to sell and buy. In order to guarantee a safe environment it based its company in a crypto-friendly jurisdiction such as Japan. Currently there are more than 80 listings and they are steadily adding new coins to their site.
Binance is charging its customer fairly low trading fees which makes trading at high limits profitable. The company also offers you a great support staff which can be contacted through multiple different social media channels.
|Ark||Bancor||Basic Attention Token|
|Binance Coin||Bitcoin||Bitcoin Cash|
|Bitcoin Diamond||Bitcoin Gold||Bitquence|
|BitShares||BlockMason Credit Protocol||Cardano|
|Modum||Moeda Loyalty Points||Monaco|
|Monero XMR||Monetha||Neocoin NEO|
|Qtum||Quantstamp||Raiden Network Token|
|Request Network||Ripio Credit Network||Ripple|
Binance is charging 0.1% in trading fees.
As we have already mentioned you can choose your BNB to deduct 50% trading fee. That means that you have to use their own Binance token to pay for a trading pair. If you decide to do that, you will pay only 0.05% in trading fees. These are the lowest fees in the cryptocurrency exchange industry.
Binance is amongst the largest exchanges when it comes to volume. They do have a total trading volume of 1.810.50,934 USD which is currently equal to 108.533 BTC. As discussed above you will benefit from extremely low fees when trading at Binance.
They also have a huge selection of different cryptocurrencies which are also traded at a reasonable volume every 24 hours. This guarantees you to be able to sell and buy the cryptocurrency of your choice at high amounts at solid prices.
Check the screenshot from coinmarketcap.com below to check the most recent volumes of their top 30 trading pairs.
Binance is one of the newest cryptocurrency exchanges on the market and quickly generated a large volume of transactions and trades. When checking their site for in-depth information about the security measures the company is taking we have noticed a lack of information. The company is stating that they are using “superior technology” for their exchange which can be considered to be true since there have not been any actual reports of a hack on their website.
In terms of integrity we have to mention that the CEO of Binance, Changpeng, Zhao, has years of experience with cryptocurrencies. He participated in several large projects before working with Binance. The company itself was able to raise $15 million in their ICO in July 2017. Right after the ICO was over, they have been over 20.000 users signed-up with the new exchange.
Binance traders however can set up a two-factor authentication for their accounts which helps improving account security.
The Binance user interface is absolutely amazing. It is clear, clean and loading fast.
You can take advantage of the following features:
• Saving favorite trading pairs in your account
• Creating API private keys for real-time trading services via third party websites
• Check your most recent trading history
• Sort by different filter such as volume, decimals and price
• Switch between 7 different languages
YThe Binance support staff can be approached through several different channels. First of all they do a have a contact formular on their site where you can ask them for their help. The customers support will respond within a short amount of time via email. There is also a FAQ on their site which can help you to solve minor inconveniences.
Besides that they have set up multiple social media channels where you can contact their support staff as well.
Currently we are not allowed to give any benefits.
However, we would highly appreciate it if you might use our sign up link/button to support us.
Thank you very much and stay tuned.Go to Binance Website
Binance is a great new cryptocurrency exchange. Even though the company is still very young they already have large trading volumes and even greater amounts of trading pairs.
Their website is setup in an easy way and even though they have lots of different cryptocurrencies you won’t get lost at any point. Their main trading overview displays all currently available and past trades and also provides several helpful functions when initiating trades.
One of the site’s greatest strengths are their low fees. Binance is not charging you any fees upon depositing funds to their site. They are charging fees on withdrawals but those fees are relatively fair. The trading fees of 0.1% are competitive and can be discounted even further down to 0.05% if you use BNB to trade with.
Even though the company does not provide detailed information about their security, we feel like they are doing a good job in that department. Nevertheless they will soon update their information and show which steps they take to improve their security.
Overall, Binance is a decent alternative if you don’t feel satisfied with other large cryptocurrency exchanges which have been hacked or compromised in the past.