Binance Review – Is It Still the Best Crypto Exchange?

Binance dominates crypto trading, averaging over $500B in monthly volume and serving 291M+ users across 180 countries. But with growing competition and CZ stepping down, the question arises: is Binance still the best exchange?

In this Binance review, we break down everything from fees and trading tools to what everyday users really think. We’ve spent weeks testing Binance’s web and mobile platforms to see how it stacks up for both beginners and pro traders. 

We’ll also dig into whether the Binance app delivers a smooth trading experience, how safe your funds are under its SAFU insurance, and how it compares to other crypto exchanges.

By the end, you’ll know if Binance deserves your trust and your next trade.

What is Binance Exchange?

Founded in 2017 by Changpeng Zhao (CZ) and Yi He, Binance quickly rose from a startup ICO to the world’s largest cryptocurrency exchange by trading volume.

Although it began in China, Binance later expanded its operations globally and now functions as a fully centralized exchange with multiple regulated entities, including France, Dubai, and New Zealand, rather than one headquarters. 

Binance website landing page

Binance offers an all-in-one trading ecosystem. You can buy, sell, and trade over 350 cryptocurrencies on spot including the top crypto, altcoins, meme coins, and low-cap coins.

Margin and futures are also available with leverage up to 125x. The platform also supports copy trading, staking, crypto launchpads, Non-Fungible Tokens (NFTs), and Decentralized Finance (DeFi) access through its integrated Web3 crypto wallet, all within one unified account.

Binance appeals to both casual investors and high-frequency traders thanks to its low fees, deep liquidity, and lightning-fast execution speed (processing up to 1.4M transactions per second). Its user base ranges from beginners using the simplified Lite mode to pros running bots and advanced strategies through Binance Pro.

Beyond trading, Binance is also building out its wider ecosystem, including BNB Smart Chain, Binance Academy, and Binance Earn, which gives users access to Decentralized Apps (dApps), education, and yield opportunities.

Binance Pros and Cons 

After testing Binance across both its mobile and web platforms, we’ve summarized what stood out most. Here are the strengths that help it shine and the pain points that still need work.

Pros

  • 1.3K+ spot pairs and 450+ derivatives contracts
  • Advanced trading bots and automation tools
  • Deep liquidity and fast order execution
  • Secure setup with SAFU fund and cold storage
  • Low trading fees with discounts for holding $BNB

Cons

  • Steeper learning curve for beginners
  • Customer support can be slow to respond

Binance Exchange Key Features

Binance packs an arsenal of trading tools and earning options that suit both new and seasoned traders. We tested each of its core features to see how they perform in practice.

Spot Trading

Binance’s spot market supports 350+ cryptocurrencies and more than 1.3K trading pairs, including $BTC/$USDT, $ETH/$BNB, and $SOL/$USDC.

Binance spot trading dashboard on $BTC/$USDT

In testing, we found spot trades executed almost instantly, even during peak hours. The only downside is that the layout can feel overwhelming for first-timers, though the built-in tutorials help flatten the learning curve.

Derivatives Trading

Binance’s derivatives suite is one of the most advanced on the market. It supports USDⓈ-M (futures settled in stablecoins like $USDT or $BUSD), COIN-M (contracts settled in crypto such as $BTC or $ETH), and options contracts, all offering up to 125x across more than 450 pairs.

Traders can choose between cross margin (where your entire margin balance backs all open positions) and isolated margin (which limits risk to the margin assigned to a single trade), giving you full control over exposure and liquidation risk.

Binance perpetuals trading dashboard and pairs

We were particularly impressed by the execution speed and liquidity depth of the futures exchange, which kept slippage (the price difference from order to execution) near zero in our testing. 

Advanced tools like Hedge Mode let you open long and short positions simultaneously on the same pair, which is perfect for managing volatility or running complex strategies.

However, this area can be intimidating for beginners, and the high leverage magnifies both profits and losses, so a solid understanding of risk is essential.

Copy Trading and Automation

Binance’s copy trading feature allows you to mirror the trades of high-performing strategists. You can browse verified traders by Return on Investment (ROI), risk score, and follower count before allocating capital. Once connected, trades are replicated automatically in real time.

Copy trading dashboard on Binance with leaderboard

In our testing, we found the copy trading smooth and suitable for beginners. We also liked the transparent performance metrics. You will need to pay a small share of your profits (usually around 10%) to the lead trader, but that’s a fair trade-off for convenience and learning potential.

Binance also has 8 trading bots in total, including grid bots, dollar-cost averaging (DCA) bots, and futures signal bots. They provide algorithmic traders with full automation capabilities without needing third-party software. 

You can explore the bot marketplace to copy existing bots by comparing their ROI, similar to copy trading, or set up your own.

Binance Earn

Binance Earn is where traders put their idle crypto to work. It’s essentially Binance’s passive income hub – supporting 300+ assets across Simple Earn and Advanced Earn products. We found it surprisingly intuitive, even for users who’ve never staked before.

Simple Earn includes Flexible and Locked products. Flexible lets you withdraw anytime, with APRs ranging from 4.2%-12.5% on stablecoins like $USDT and $USDC.

Locked options hold your assets for a set term (from 7 days to 120 days) but pay higher yields. For example, up to 182% APR on $ETH or 157% on $SOL during promo campaigns.

Binance Earn popular products and current yield

For those comfortable with a bit more risk, Advanced Earn opens access to Dual Investment (earn rewards while setting a future buy/sell target), Smart Arbitrage (capture funding rate differences between spot and futures), and On-Chain Yields (earn validator or protocol rewards directly through Binance).

We liked how Binance displays real-time APRs, estimated earnings, and auto-compounding options directly in the dashboard (so you can see exactly what you’re earning without switching screens).

The biggest draw is flexibility. You can stake, redeem, or auto-renew positions anytime through the Yield Arena. The trade-off is that returns fluctuate with market demand, so your actual yield may vary from the estimated APR.

Still, for anyone holding long-term bags, Binance Earn remains one of the most convenient ways to grow your portfolio without active trading.

Mobile-First App

The Binance app is among the most polished we’ve tested. Available on both iOS and Android, it mirrors the desktop platform’s functionality, including spot, futures, and copy trading, while keeping navigation simple.

The mobile interface offers both a Lite and Pro mode on the mobile app (the desktop app only offers Pro mode), allowing you to toggle between a beginner-friendly layout or a full-fledged charting setup with order books, depth charts, and live feeds.

Binance mobile app on pro mode, showcasing the most traded crypto

Performance-wise, it’s fast and stable, even when juggling multiple charts or orders. The app also supports biometric login, price alerts, and instant P2P trading, which makes it handy if you like trading on the go.

That said, the app’s Pro interface can feel crowded on smaller screens. The Lite mode fixes this for casual users, providing a clean layout focused on simple buys and sells.

Market Analysis Tools

We were impressed by Binance’s market analytics and charting tools. It features TradingView integration, real-time order book data, and an AI-powered Portfolio Insights tool that breaks down your performance by asset and time frame.

Binance also offers news feeds, funding rate dashboards, and heat maps for tracking sector performance – features you’d typically need external platforms for.

Binance crypto futures market dashboard displaying open interest, long/short ratio, and more

However, for deep on-chain data or DeFi analytics, you’ll still need to supplement with external tools like Glassnode or Dune Analytics.

Binance Academy

Binance Academy is Binance’s free education platform that helps you understand crypto from the ground up. Think of it as the exchange’s in-house university, packed with bite-sized lessons, videos, and glossaries that cover everything from blockchain basics to advanced trading strategies. 

Binance Academy

We found it especially useful for beginners trying to make sense of complex topics like leverage, staking, or DeFi. Each lesson ends with a short quiz to test your knowledge, and the platform now offers Learn-to-Earn campaigns, where completing courses can unlock small crypto rewards or badges.

Binance Academy helps you trade smarter, not just more often. For anyone new to crypto (or brushing up on the latest trends), it’s one of the most underrated parts of the Binance ecosystem.

Binance Exchange Security

Binance’s security track record has been a mix of hard lessons and strong recoveries. Over the years, it’s faced several major attacks. Yet, in every case, the company fully reimbursed users and tightened its defenses further.

Today, Binance is one of the few exchanges with a dedicated insurance fund (SAFU) and one of the most advanced monitoring systems in the industry.

Past Incidents and How Binance Responded

The most serious incident occurred in May 2019, when hackers stole 7,000 $BTC (≈$40M) from Binance’s hot wallet. Attackers used phishing and malware to breach API keys and even bypass 2FA.

Binance immediately covered all damages using its Secure Asset Fund for Users (SAFU), an emergency pool financed by trading fees. Withdrawals were suspended for a week while the platform underwent a full security audit.

Another high-profile event came in October 2022, when hackers exploited a vulnerability in BSC Token Hub, part of the BNB Chain bridge, minting 2M $BNB (≈$570M).

Binance halted the chain within hours and froze most of the stolen assets, reducing total losses to around $100M. The company later offered a bounty for information on the exploiters and reinforced its bridge validation protocols.

There was also a potential Know Your Customer (KYC) data leak in July 2019, when a hacker released 10,000 user photos allegedly tied to Binance. The firm’s investigation showed the images lacked Binance’s watermark, suggesting the breach likely came from a third-party vendor.

Nonetheless, this raised concerns with users. Binance overhauled its KYC systems and began storing verification data under stronger encryption.

Most recently, in October 2025, the official BNB Chain X account was briefly compromised, leading to phishing posts promoting a fake meme coin. CZ personally alerted users not to engage, and the team quickly regained control. Losses around $8K in total were fully reimbursed. 

Core Security Measures

These incidents pushed Binance to build one of the toughest security frameworks in crypto. Here’s how it protects your funds today:

  • Proof of Reserves (PoR): Binance publishes regular PoR audits to verify that it holds 1:1 equivalent of all user assets. This means every coin deposited by users is fully backed and can be withdrawn at any time.
  • Secure Asset Fund for Users (SAFU): Established in 2018, this on-chain insurance pool covers losses in the event of a hack.
  • Cold Wallet Storage: Binance stores the majority of customer assets offline on devices with no internet connection to insulate them from cyberattacks. 
  • Two-Factor Authentication (2FA): With the Binance Authenticator, you can add an extra layer of protection to your account. It will typically be required for critical actions like logins and withdrawals. 
  • Withdrawal Address Whitelisting: This feature lets you restrict withdrawals to specific wallet addresses by setting them up with 2FA. That way, you can prevent unauthorized transfers if your account becomes compromised.
  • Anti-Phishing Codes: Each user can create a custom code of letters and numbers that will appear in every email and SMS you receive from Binance. This makes it easier to spot scams.
  • Encryption & Device Management: All data and transactions are end-to-end encrypted. There’s also a device management tab to manage and remove linked devices.
  • AI-Driven Risk and Fraud Detection: Binance has an AI-powered rule engine called Strategy Factory. It offers precise and adaptable risk protection to better protect all its users. 
  • AML & SAR Automation: Binance employs automated Anti-Money Laundering (AML) and Suspicious Activity Reporting (SAR) procedures to protect users and comply with global standards.

KYC and Account Verification

All new Binance accounts must complete KYC verification before accessing key features like trading, deposits, or withdrawals.

Basic verification unlocks limited access, while Advanced KYC (requiring government ID and facial recognition) increases withdrawal and trading limits.

These checks reduce fraud and align Binance with regulatory frameworks in regions where it operates.

Despite facing some of the largest attacks in crypto history, Binance’s swift responses and evolving security stack have earned it a reputation for resilience.

While no platform is immune to threats, Binance’s layered defenses, insurance fund, and transparency make it one of the safest exchanges to hold and trade crypto.

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Binance Exchange Fees 

Binance has built its reputation partly thanks to its low trading fees. They are one of the main reasons it remains the world’s most active exchange by volume. We found the platform’s pricing structure transparent and easy to track once you understand how the maker/taker model works.

A maker adds liquidity to the order book (by placing a limit order), while a taker removes liquidity (by executing a market order).

Your trading fee tier depends on your 30-day trading volume and $BNB holdings, which can cut your costs even further (25% discount).

Spot Trading Fees

For everyday buying and selling, there are ten VIP levels in total, but we’ve listed three below to give you a quick overview.

User Tier 30-Day Volume (USD) Maker Fee Taker Fee With $BNB Discount
Regular (VIP 0) < $1M 0.1% 0.1% 0.075%, 0.075%
VIP 1 ≥ $1M 0.9% 0.1% 0.0675%, 0.075%
VIP 9 ≥ $4B 0.011% 0.023% 0.00825% / 0.01725%

Binance also runs zero-fee promotions for selected pairs. Notably, at the moment, you’ll find zero maker and taker fees on $USDC/$USDT and zero maker fees on $BTC/$FDUSD.

There are currently large promos on $EUR pairs and $FDUSD pairs. This is rare among competitors like Margex or Bybit.

Even without discounts, these rates undercut most major exchanges, where taker fees average above 0.2%. OKX, for example, starts maker fees at 0.14% and taker fees at 0.24%.

Futures Trading Fees

Binance’s futures trading fees are equally competitive, structured across multiple VIP tiers for USDⓈ-M and COIN-M contracts. Rather than list every level, here’s a snapshot of the key rates most traders will encounter.

Market Type Maker Fee Taker Fee With $BNB Discount
USDⓈ-M 0.02% 0.05% 0.018%, 0.045%
COIN-M 0.02% 0.05% N/A

USDⓈ-M contracts are settled in stablecoins like $USDT, $USDC, or $BUSD, while COIN-M contracts settle in crypto such as $BTC or $ETH. Interestingly, it’s not possible to get the $BNB discount with COIN-M contracts.

These futures fees are competitive. For comparison, Bybit charges 0.055% taker fees and KuCoin charges 0.06%, making Binance a cheap option for derivatives traders.

Margin Trading Fees and Interest

Margin trades incur two costs: the spot trading fee plus hourly interest on borrowed funds. 

Interest rates vary by asset and market conditions. For example, borrowing $BTC is currently at 0.00003879% per hour for a regular user, but can average between 0.00003% and 0.00004%. Paying interest in $BNB also reduces the rate by 5%.

While other exchanges charge interest daily, Binance’s hourly compounding provides flexibility if you only hold leveraged positions briefly.

Deposit and Withdrawal Fees

Crypto deposits on Binance are completely free, regardless of the asset or network. The only costs come when withdrawing, where a flat fee covers blockchain transaction costs. 

These vary by network and can change with congestion, but here’s a quick overview of current rates for key assets.

Coin Network Minimum Deposit Minimum Withdrawal Withdrawal Fee
$BTC Bitcoin > 0.00001 $BTC 0.00001 $BTC 0.00003 $BTC
$ETH Ethereum (ERC20) > 0.0000003 $ETH 0.002 $ETH 0.0001 $ETH
$BNB BNB Smart Chain (BEP20) > 0.000002 $BNB 0.0005 $BNB 0.00001 $BNB
$USDT Tron (TRC20) > 0.01 $USDT 10 $USDT 1 $USDT
$SOL Solana > 0.00099 $SOL 0.1 $SOL 0.001 $SOL

The lowest withdrawal cost for all coins tends to be when withdrawing through Binance’s BNB Smart Chain (BEP20). You can view a full list of real-time rates on the Binance website.

Fiat deposits and withdrawals vary by currency and payment provider. Here are a few, for example.

Currency Deposit Method Deposit Fee Withdrawal Method Withdrawal Fee
EUR Card (VISA/Mastercard)

Bank transfer (SEPA Instant)

Apple Pay

Google Pay

2%

1 EUR

2%

2%


Bank transfer (SEPA Instant)Card (Mastercard)

1 EUR2%
MXN Bank Transfer (SPEI) Bank Transfer (SPEI) 23 MXN
AED P2P Express 0.1%

Overall, Binance is among the cheapest major exchanges for global users. Its deposit system is frictionless, and withdrawal fees are competitive.

Fiat on-ramps are wide-ranging, and regional gateways like SEPA, Faster Payments, and P2P Express make local transfers quick and cheap.

Other Fees

Outside of spot and futures trading, Binance does not charge inactivity fees, and wallet creation and basic account maintenance are free.

There are a few minor charges depending on which parts of the ecosystem you use.

NFT Trading

Selling an NFT on the Binance NFT Marketplace incurs a 1% platform fee on the sale price. Creators also pay a royalty fee of 0%-10%, depending on the collection, which goes to the original artist each time an NFT changes hands.

There are no listing fees, but network gas fees apply when you deposit, withdraw, mint, or burn NFTs. These go to the blockchain validators rather than Binance itself.

Minting new NFTs costs about 0.005 $BNB on BNB Smart Chain or 0.001 $ETH on Ethereum, while deploying a new NFT collection contract costs 1 $BNB or 0.5 $ETH.

Launchpad and Earn Products

There are no direct fees for using Binance Launchpad, Launchpool, or Earn products. Instead, Binance typically takes a small spread from project listings or staking rewards. But this is something that’s already built into the displayed APRs.

Binance Convert

When you use Binance Convert to instantly swap one crypto for another, there are no explicit trading fees. Instead, Binance includes a small spread (≈0.1%) in the quoted price.

This spread is locked in for a few seconds while you confirm the conversion, so what you see is exactly what you receive.

Is Binance Exchange Easy To Use?

When evaluating Binance’s ease of use, we looked at how simple it is to set up, navigate, and get help when you need it. 

Interface & Navigation (Desktop + Mobile)

Signing up for Binance is fairly straightforward. In our test, the first-time setup took under 10 minutes. Upon success, the initial feel of the interface felt modern, but there was a lot to unpack.

On a desktop, you’ll see multiple panels (order book, depth chart, trade history) alongside advanced order types and indicators. That’s powerful for experienced traders, but overwhelming for newbies.

The mobile app closely mirrors the web experience. However, you also get the Lite mode for beginners (a cleaner layout focused on simple buy/sell actions) and Pro mode (full charting, order books, and technical tools). The web app doesn’t allow you to toggle between the two.

Binance app on Lite mode

The difference is quite staggering. In Lite mode, the layout is minimal, prices are easy to read, and buttons like Buy and Convert dominate the screen, which is perfect if you’re just trying to grab some $BTC or $BNB on the go.

In Pro mode, you’ll find candlestick charts, depth indicators, and advanced overlays like Moving Average (MA), Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD), mirroring the desktop trading terminal.

Binance app on pro mode

We liked how fast and stable the app felt, even when flipping between pairs or executing trades during high volatility. It rarely lagged, and order confirmations appeared instantly.

The contrast between Lite and Pro gives Binance a real edge. You can start as a beginner and grow into the full setup without needing a new app. 

The only catch is that Pro mode feels quite crowded on a small phone screen, especially if you’re using multiple indicators, but that’s the same for any mobile trading app.

Customer Support & Help Resources

Binance offers live chat, email support, and an extensive knowledge base. Some users on Trustpilot call the support ‘satisfactory,’ while others report delays or account issues taking a long time to resolve.

We contacted support via chat and got redirected to help articles first. After waiting several minutes, we got a helpful human response. For a platform handling millions of users, it’s not bad. But it’s certainly not the fastest in the industry.

How Does Binance Compare to Other Crypto Exchanges?

Choosing a crypto exchange often comes down to your personal priorities. Maybe you want low fees, ease of use, or access to a wider range of tokens. 

The table below gives you a quick head-to-head comparison of Binance and its closest competitors so you can see which platform best fits your trading goals.

Exchange Top Choice For Asset Support  Markets Standout Features
Binance Pro traders & automation-focused investors 350+ assets on the spot market, 450+ perpetual pairs  Spot, Futures, Options, P2P – 8 trading bots

– NFT staking

– SAFU fund & cold storage

Margex Beginners seeking simplicity  55+ assets on the spot market, 36+ perpetual pairs  Spot, Futures  – Copy trading

– MP Shield System

– Custom price alerts

Bybit Simplified options trading & AI assistant 2,200+ assets on the spot market, 500+ perpetual pairs  Spot, Futures, Options, P2P – Pre-set options contracts

– Trade assistant

– Zero-fee P2P

MEXC Frequent giveaways and airdrop promotions 2,600+ assets on the spot market, 1,500+ perpetual pairs  Spot, Futures, P2P – Daily token airdrops

– Launchpad giveaways

– Pre-market trading access

OKX DeFi & NFT enthusiasts 350+ assets on the spot market, 150+ perpetual pairs  Spot, Futures, Options, P2P – NFT minting

– AI-agent integrations

– Built-in DeFi dashboard

Binance remains our top pick for active and professional traders, offering unmatched market liquidity, strong security through its SAFU fund, and a range of trading bots that streamline complex strategies.

If you prefer a simpler setup, Margex is ideal for beginners thanks to its intuitive terminal and copy trading tools. Bybit is a top P2P exchange that caters to traders exploring options and AI tools.

MEXC appeals to those chasing airdrops and new token launches, while for users interested in DeFi or NFTs, OKX delivers the most integrated ecosystem.

Each platform has its own edge, so it’s completely down to which suits your needs best.

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Binance Exchange’s Reputation – What Are People Saying?

When assessing Binance’s reputation, we looked at several factors, including overall trust, platform reliability, customer service quality, and user sentiment across varied review platforms.

Beyond our own experience, we also looked at sites like TrustPilot, Trading View, and G2 to find a clear split between satisfaction with Binance’s features and frustration with its customer support responsiveness. 

Most reviewers highlight Binance’s market depth, professional tools, and speed.

Positive Binance review

This feedback matches our experience: Binance delivers fast execution, reliable uptime, and a wide product range for advanced users.

Even those reviewers mentioning issues emphasised the platform’s reliability once they had learned how to navigate the layout and use the tools. Most negative feedback centers around slow customer service response times or account verification delays.

Binance review

In nearly every case, Binance’s support team has replied publicly and followed up with users. However, some users echo frustrations with repetitive automated responses.

That said, many note that when support does respond, issues are usually resolved properly. Binance appears to prioritize security reviews over speed, which is frustrating for some, but arguably part of its strict compliance position.

In our view, Binance remains a trusted global leader. But new users should be prepared for a steeper learning curve and occasional wait times if account issues arise.

How to Use Binance – A Step-By-Step Guide

If you’re new to Binance, the good news is that getting started is straightforward. It took us less than 10 minutes to go from registration to making a first trade.

Below is a concise, beginner-friendly walkthrough of how to set up and start trading on Binance.

Step 1 – Visit the Official Binance Website & Register

Visit the official Binance website and click ‘Sign Up.’ You will then need to enter your email or phone number, and create a secure password. 

Binance website landing page

After verifying your email, you’ll gain access to the Binance dashboard, but you won’t be able to trade until you complete KYC verification. 

Step 2 – Complete Identity Verification

To unlock deposit, withdrawal, and full trading features, complete Binance’s identity verification process.

You’ll need to: 

  • Provide your basic personal details (name, address, date of birth)
  • Upload a valid government ID
  • Complete a quick facial verification via camera

Binance verification portal, where you need to enter personal information, government-issued ID, and do a liveness check

You’ll also need to answer a short financial questionnaire if you’re in Europe, the US, Canada, or Australia. 

In the EU, for example, this step is mandatory due to MiFID II (EU rules for complex financial products) and is mirrored by similar regulations in the US (Regulation Best Interest and FINRA), Canada (National Instrument 31-10), and Australia (ASIC).

Binance says the verification process will take seven minutes. In our testing, it took less than five minutes.

Step 3 – Buy or Deposit Crypto

Once verified, you can fund your account in two main ways: buying crypto directly or depositing existing crypto.

For buying crypto directly, you can use bank transfer, debit/credit card, Apple Pay, or P2P trading to purchase crypto like $BTC, $ETH, or $USDT instantly.

Deposit options on Binance

If you already own crypto elsewhere, copy your Binance wallet address and transfer your coins. Binance supports hundreds of networks including popular ones like Binance Smart Chain, Ethereum, and Tron, so double-check you’re using the correct one before sending.

Our transfers were completed within a couple of minutes, but this can vary depending on the specific network’s traffic.

Step 4 – Start Trading & Exploring Products

With funds in your account, you are now ready to start trading across Binance’s full range of markets: Spot, Margin, Futures, Options, and P2P.

Binance markets overview

To start simply with basic trades, use ‘Spot Trading’ from the ‘Trade’ tab. The interface will show your trading pair ($BTC/$USDT), live price chart, and order book.

Beyond trading, Binance offers a variety of other features you can consider exploring:

  • Binance Earn – Earn passive yield through staking
  • NFT Marketplace – Buy, sell, or stake NFTs
  • Copy Trading & Bots – Automate trading strategies
  • Academy & Research – Learn & Analyze new projects

Step 5 – Secure Your Account

Before calling it a day, make sure your account is protected. We strongly recommend enabling 2FA for your account, whether that’s a Biometric Passkey or Authenticator App. 

You can also enable measures like withdrawal whitelisting, anti-phishing codes, and device authorization. 

Binance Review – Our Verdict 

After thoroughly testing Binance across its web, mobile, and various products, it’s clear why the platform still dominates global trading volume. Its massive market depth, low fees, and robust security stack give both casual and professional traders everything they need in one place.

However, Binance can feel intimidating for beginners, and customer support response times aren’t always ideal. But once you get past the learning curve, it becomes one of the most efficient, feature-rich exchanges available today.

If you want an exchange that can grow with you, from your first $BTC buy to complex futures strategies, Binance is a hard one to beat.

Visit Binance today and experience the world’s leading exchange for yourself.

This article is not financial advice. Please do your own research (DYOR) and remember, crypto markets are volatile, and your capital is always at risk.

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FAQs

1. Can Binance be trusted?

Yes, Binance is widely regarded as a trusted and secure exchange, holding 1:1 reserves for many major assets and maintaining a dedicated SAFU insurance fund to protect users in case of hacks. IT also employs cold wallet storage, 2FA, and real-time threat detection. That said, as with any centralized exchange, it’s best practice to store long-term holdings in your own offline crypto wallet.

2. Is Binance legal in the US?

The main Binance platform isn’t available to US residents due to regulatory restrictions. Instead, US users can access Binance.US, a separate entity that complies with US regulations and offers a limited version of the global exchange. Always verify with local laws and eligibility before signing up.

3. What are the disadvantages of Binance?

The main downside is that Binance requires a steeper learning curve for beginners, slow customer support during peak times, and regional feature limitations. Some advanced tools can feel cluttered on smaller screens and new users might need time to adjust to the platform’s depth.

4. Is Binance better than Coinbase?

It depends on your goals. Binance offers lower fees, deeper liquidity, and more trading options, making it ideal for active traders. Coinbase, on the other hand, provides a simpler, beginner-friendly interface and tighter regulatory oversight in Western markets. For most users, Binance offers more value and flexibility, while Coinbase prioritizes ease and compliance.

Authored by NewsBTC, https://www.newsbtc.com/binance-review/