Pros & Cons
- Video Tutorials Available
- Mobile Compatible Exchange
- Multi Cluster System
- High Liquidity
- 8 Language Options
- No Instant Chat Support
- Various Withdrawal Fees
- Not All Languages Supported
Our Expert Rating
Average User Rating
There is much more to Binance than first meets the eye, for they are of course first and foremost a digital currency exchange, but they do offer something of a much more interesting and some would say entertaining experience to all of their users.
For they tend to offer a lot of promotional offers, deals and competitions to their customers using their services, so at least you will be getting something in return and will have a chance of winning something when paying their fees and charges, which makes a nice difference to say the least!
In regards to the digital currencies that you are going to be able to both buy and sell on their exchange platform, there are lots of them, and as such no matter what cryptocurrency you are looking to buy or sell you are going to find them on offer here.
That exchange is neither complicated or in any way hard to understand or operate, but you sill of course first have to register as one of their users to be able to make seamless and virtually instant purchase of your digital currencies.
It took me less than a minute to sign up and then start to use the Binance exchange, and my experience was a hassle free one, and if you do have experience of buying and/or selling cryptocurrencies you should very quickly get your head around the way their exchange does work and operate.
It is not only established and live digital currencies that you are going to be able to buy and sell at Binance, for they do have a special section of their website that they call their launch pad, and that is here you will find details of any additional digital currencies that may be in their start up phases.
A news section is always going to keep you fully up to date with all of the latest happenings at Binance, and as I say there is something of a much more community type of feel about becoming one of their customers for you are going to be able to look around their website and find a wealth of information relating to digital currencies that you may not necessarily find anywhere else.
If English is not your language of choice then you will be pleased to learn there are currently a total of eight different language options you are going to be able to use when viewing their website or when utilizing their trading exchange.
In regards to customer support, you do need to be aware that as Binance is now a huge digital currency exchange they have opted to go down the route of offering their customers and potential customers a fact based questions and answers type of customer support service.
As such when you do visit their website and click onto the support tab you will initially be able to enter your question into the web page and will then be given a range of well written and informative articles or choose from to then read that best answer your questions.
But having said that their exchange really is self explanatory, and as such there is very little chance that you will ever need the help of a real person when using it and it is a reliable exchange on which no problems have been reported.
They are currently advertising fee free deposits to their users, and as such that is something worth knowing, for many other digital exchanges do have some shockingly high fees and charges simply for depositing.
The trading fee schedule is displayed on their website, however when compiling this review they were offering a trading fee of just 0.1% which makes them very competitive when you compare that trading fee with those of their competitors.
Please do continue reading for I will now go into a little more detail in regards to what Binance is offering you, and you will then be able to compare them with other digital currency exchanges to help you make an informed decision as to whether they are of the standard you demand and are offering you the range of services you are actively looking for as a buyer or seller of digital currencies.
Detailed Information about Binance
I feel it is important that you get as much information presented to you as possible so that you can make something of an informed decision on just which digital currency exchange you should make use of, and that is what I am going to ensure you get in the following sections.
Below I have compiled a very detailed overview of everything that Binance has to offer you, and as such once you are armed with all of the following information you can compare this digital exchange to any other and then decide for yourself which one will be best suits to you personally.
One aspect of you becoming buyer and seller of any digital currencies is that you are always going to be hit with fees and charges no matter which exchange you choose to use, and it is always worth you spending some time comparing what the fees are, so you can select a cost effective digital exchange to make use of.
You will be pleased to hear that there is no fee what so ever when making a deposit into your Binance account, however there is going to be a 0.1% trading fee levied upon you each time you use their exchange.
They have recently been offering a promotion whereby if you choose to use BNB you will be given a 50% reduction in the trading fee.
However, please check their website to see if that promotion is still value. Also be aware that there is a fee to be paid for a withdrawal and you should checkout their website for they have a huge number of withdrawal options all of which has its own associated withdraw fee.
Withdrawals from Binance
At the time of compiling this review of Binance I counted 99 different methods that you are going to be able to make a withdrawal from your Binance account, and as such there is no doubt in my mind what so ever that if you do sign up to their exchange you are never going to find it difficult to make a withdrawal from your account.
Customer Support Details
Due to the sheer number of customers that Binance has, they have utilized a section of their website which is where you are going to be able to look up the answers to any questions that you may have as opposed to being able to directly contact a member of their support team.
However, it does have to be said that their exchange is a very easy one to make use of and they do make real time announcements on their support page if any aspect of their exchange is experiencing any type of problems, outage or delays.
So you will always be keep fully up to date when using their exchange and will rarely if ever experience any type of problem that will require the intervention of their support team.
As you can see from the above, there really is a lot to like about Binance, and as such if you are now convinced that they are the digital currency exchange for you then please get on over to their website for by doing so you are going to be able to sign up and start using their exchange straight away.
However, if you are still fairly new to the world of digital and cryptocurrencies then please do make use of some of our additional guides, articles and news stories as they will always ensure you will be able to get your head around this new way of investing.
Keep in mind that you will also find reviews of many additional digital currency exchanges throughout this website, and as such I cordially invite you to check some or all of them out and compare what each of them have on offer with Binance.
Frequently Asked Questions
To help answer any questions that you may have about the Binance exchange, below you will find several frequently asked questions along with the answers to each of those questions. Keep in mind that if you do have any additional questions relating to using the Binance exchange you can always contact their support team.
Is the exchange easy to make use of?
If you want to see at first hand just how to use their exchange then simply pay a visit to their website for by doing so you are then going to be able to make use of their free to access and free to use video tutorials that will show you just how easy their exchange is to use.
Can I use a mobile device?
However, if you are ever out and about and wish to buy or sell a digital currency then you will also find they have a very advanced yet very easy to use mobile exchange platform too, and your online log in details do give you full and unrestricted access to their mobile platform too.
Do they use a multi cluster system?
For more information on it please do take a look at their website and whilst you are there do take a good look around their site and their exchange for I am completely confident that it will live up to and much more likely surpass your very highest of expectations.
Is there ample liquidity?
That is certainly not going to be something you will find or experience as a use of Binance for their millions of customers based in all countries of the world ensure that there is always a very high liquidity of every digital currency available to buy on their exchange.