Binance Review – Is Binance good for beginners?

What is Binance?

Unfortunately, Binance is not active in United States of America
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Binance was founded back in 2017 and is considered the best crypto exchange by many of its users. With over 350 tradable cryptos, a dedicated mobile app, 24/7 customer support and plenty of security features, it’s easy to see why. Find out more about what our experts thought, below.

binance review
Binance: Pros & Cons
  • Huge range of cryptocurrencies
  • Low fees
  • Mobile accessibility
  • Fairly complex for new traders

What can you trade on Binance?

Traders can buy, sell and hold over 350 cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Dash and Cardano.

Binance user experience

Binance uses a white, gold and black theme throughout that ensures all text and key areas of the site are identifiable. Important tabs are easy to locate, the registration process is extremely straightforward and there is an abundance of accessible information regarding Binance across the site, too.

Binance account types

Regular UserSign up and register with Binance for free to access low fees and over 350 tradable cryptocurrencies
VIP 1-9VIP levels are dependent on trading volume and will open up various perks, including a dedicated account manager, VIP customer support, access to events and lower fees.

Binance trading tools

Enhanced personalisation and charting toolsAbility to personalise charts and make use of a great range of tools, including EMA, Bollingers, and various alternative indicators.
Learn and earnTraders can complete short quizzes on cryptocurrency and build their understanding, and portfolio, along the way!
Range of order typesPlace a stop order, take profit order, stop-limit order, trailing stop and stop-market order.
Binance AcademyFree resources and educational articles that will help bolster your knowledge on crypto assets and terminology.

Binance review of payments

Users can select a wide range of crypto to transfer across their preferred network. Crypto can also be purchased using Visa, Mastercard and various other fiat options.

Fees

Minimum depositVaried depending on asset type
Deposit feeNone
Inactivity feeN/A
Account feeN/A
Maximum leverage1:20
Overnight feeN/A
Minimum withdrawalVaried depending on asset type

Binance customer service

Users can get in contact with dedicated agents 24/7 by submitting an online ticket, sending an email, opening live chat or visiting the self-help and FAQ sections of the site.

Is Binance safe and regulated?

Binance Markets Limited is regulated by the FCA for limited trading activities. The site also makes use of the latest encryption technology and provides 2FA to all of its users.

Does Binance have an app?

Yes, traders can access their full portfolios and trade freely using desktop, iOS and Android applications.

Binance Crypto Exchange

Binance review FAQ

Do I receive a welcome bonus at Binance?

Yes, traders can enjoy rewards of up to £100.

How do I sign up to Binance?

You can sign up using an email address, Google, Apple or with a phone number.

How many traders use Binance?

Currently, there are over 120 million users

Binance review - conclusion

Regardless of whether they are a regular or VIP, Binance offers plenty of perks to its users. The trading experience is a little more complex than other platforms; however, it can certainly stake a claim for the title of best crypto exchange 2022. The chance to access your full portfolio and trade on the go is a real highlight for us, too – and who doesn’t love low trading fees?

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