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Cryptogambling / Binance Review

Binance Review – Is Binance good for beginners?

What is Binance?

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User Reviews 3

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
Payment Methods
Bank Transfer
Visa
Mastercard
+
License
ASIC - Australian Securities and Investments Commission
Accepts Customers from
Players from United States of America not accepted
Company
Binance Deutschland GmbH & Co. KG
Founded
2017
Website
binance.com
Available Languages
EN
ES
+
Customer Support
Email Support
Email
info@binancedeutschland.com
Overall Rating
Rating follows
  • New Customer Offers
    4.0/5
  • Usability
    4.2/5
  • Available Account Types
    4.1/5
  • Trading Platforms
    3.9/5
  • Payments
    3.9/5
  • Customer Service
    3.9/5
  • Regulation & Deposit Insurance
    4.1/5
David L.
03/04/2023
Advanced Trading Options!
"Having used Binance for some time, I can attest to the platform's reliability and the sophistication of its trading features. The platform provides a range ..."
Julia K.
13/02/2023
Wide Range of Cryptocurrencies!
"Binance offers a wide range of cryptocurrencies to trade, including some of the lesser-known ones. This makes it a great platform for traders looking to ..."
User Rating
5.0/5
3 User Reviews
5 Stars
100.0%
4 Stars
0.0%
3 Stars
0.0%
2 Stars
0.0%
1 Star
0.0%
Last Updated on 30/03/2024

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 User Sign up and register with Binance for free to access low fees and over 350 tradable cryptocurrencies
VIP 1-9 VIP 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 tools Ability to personalise charts and make use of a great range of tools, including EMA, Bollingers, and various alternative indicators.
Learn and earn Traders can complete short quizzes on cryptocurrency and build their understanding, and portfolio, along the way!
Range of order types Place a stop order, take profit order, stop-limit order, trailing stop and stop-market order.
Binance Academy Free 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 deposit Varied depending on asset type
Deposit fee None
Inactivity fee N/A
Account fee N/A
Maximum leverage 1:20
Overnight fee N/A
Minimum withdrawal Varied 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 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 2024. 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?

User Reviews for Binance

5/5 – 3 User Reviews
  1. Highly Secure!
    James

    Binance’s security measures are exceptional. I’m always confident my funds and personal information are safe on the platform. The platform also has a user-friendly interface, and it’s easy to navigate to different sections.

    The verification process can be a bit cumbersome at times.
  2. Wide Range of Cryptocurrencies!
    Julia K.

    Binance offers a wide range of cryptocurrencies to trade, including some of the lesser-known ones. This makes it a great platform for traders looking to diversify their portfolios. I’ve also found their customer support to be quite helpful.

    The withdrawal fees can be a bit high, especially for smaller trades.
  3. Advanced Trading Options!
    David L.

    Having used Binance for some time, I can attest to the platform’s reliability and the sophistication of its trading features. The platform provides a range of technical analysis tools and allows for trading with leverage. This has helped me to make more informed trades and maximize profits.

    The platform can be a bit overwhelming for new traders.

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  • A trusted name with over 120m users
  • Over 350 tradable cryptocurrencies
  • Learn and earn crypto
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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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