Binance Binance

Founded in Hong Kong in 2017, Binance Exchange is one of the top cryptocurrency exchanges. Trading Altcoins is a strong feature of this platform. Binance lets traders buy and sell more than 500 crypto currencies, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and the company's own token Binance Coin (BNB).
Go to Site
Cryptocurrencies Fiat Currencies Payment Methods Payout Methods Fees
USDC
USDC
USDC
0.02%
$1.00
Ethereum
Ethereum
ETH
-1.26%
$1,769.17
Solana
Solana
SOL
-2.13%
$148.23
Bitcoin
Bitcoin
BTC
-0.94%
$92,692.85
XRP
XRP
XRP
-1.76%
$2.19
First Digital USD
First Digital USD
FDUSD
-0.1%
$1.00
Dogecoin
Dogecoin
DOGE
-4.29%
$0.17
Pepe
Pepe
PEPE
-6.08%
$0.0000085343
Binance Coin
Binance Coin
BNB
-2.3%
$603.11
TRON
TRON
TRX
-1.67%
$0.24
Cardano
Cardano
ADA
-1.2%
$0.68
dogwifhat
dogwifhat
WIF
-5.15%
$0.52
Ethena
Ethena
ENA
-3.28%
$0.33
Chainlink
Chainlink
LINK
-0.16%
$14.47
Avalanche
Avalanche
AVAX
-2.82%
$21.93
BitTensor
BitTensor
TAO
2.45%
$340.28
MANTRA
MANTRA
OM
-7.09%
$0.53
Litecoin
Litecoin
LTC
-2.02%
$82.57
Curve DAO Token
Curve DAO Token
CRV
-3.8%
$0.66
Sonic
Sonic
S
-2.83%
$0.51
Bonk
Bonk
BONK
-9.93%
$0.0000142571
Aave
Aave
AAVE
1.38%
$164.53
PAX Gold
PAX Gold
PAXG
0.12%
$3,344.67
Hedera Hashgraph
Hedera Hashgraph
HBAR
-2.91%
$0.18
Toncoin
Toncoin
TON
0.64%
$3.12
Near Protocol
Near Protocol
NEAR
-2.87%
$2.40
Render
Render
RENDER
-4.5%
$4.34
EOS
EOS
EOS
-4.08%
$0.65
Shiba Inu
Shiba Inu
SHIB
-3.47%
$0.0000132366
Polkadot
Polkadot
DOT
-1.48%
$4.01
Worldcoin
Worldcoin
WLD
-0.11%
$0.86
Sei
Sei
SEI
-3.29%
$0.19
Arbitrum
Arbitrum
ARB
1.37%
$0.33
Solayer
Solayer
LAYER
5.03%
$2.26
Aptos
Aptos
APT
0.38%
$5.32
Movement
Movement
MOVE
-5.05%
$0.23
Artificial Superintelligence Alliance
Artificial Superintelligence Alliance
FET
-2.6%
$0.62
PancakeSwap
PancakeSwap
CAKE
-3.56%
$1.98
Uniswap
Uniswap
UNI
-1.84%
$5.83
Bitcoin Cash
Bitcoin Cash
BCH
0.85%
$363.08
Filecoin
Filecoin
FIL
-0.58%
$2.72
Pendle
Pendle
PENDLE
-10.75%
$3.16
Ondo
Ondo
ONDO
-6.61%
$0.88
Stellar
Stellar
XLM
-1.56%
$0.26
Virtuals Protocol
Virtuals Protocol
VIRTUAL
-13.18%
$0.69
Celestia
Celestia
TIA
-2.35%
$2.78
Berachain
Berachain
BERA
-7.74%
$3.49
Arkham
Arkham
ARKM
-4.41%
$0.53
Stacks
Stacks
STX
-6.22%
$0.75
Lido DAO
Lido DAO
LDO
-0.71%
$0.80
LayerZero
LayerZero
ZRO
-0.39%
$2.70
THORChain
THORChain
RUNE
-1.27%
$1.30
Injective Protocol
Injective Protocol
INJ
-0.96%
$9.34
Optimism
Optimism
OP
-0.15%
$0.76
Polygon Ecosystem Token
Polygon Ecosystem Token
POL
-1.25%
$0.22
Gala
Gala
GALA
-1.59%
$0.02
Cosmos
Cosmos
ATOM
-0.49%
$4.35
THETA
THETA
THETA
-2.36%
$0.67
Notcoin
Notcoin
NOT
2.33%
$0.0021420687
Eigenlayer
Eigenlayer
EIGEN
-3.86%
$0.93
Ethereum Name Service
Ethereum Name Service
ENS
-0.79%
$16.72
NEO
NEO
NEO
1.5%
$6.03
Conflux Network
Conflux Network
CFX
-0.66%
$0.08
Maker
Maker
MKR
-1.01%
$1,473.74
Algorand
Algorand
ALGO
-2%
$0.21
Reserve Rights
Reserve Rights
RSR
-4.18%
$0.0083931875
VeChain
VeChain
VET
-2.84%
$0.03
Internet Computer
Internet Computer
ICP
-2.41%
$5.05
The Sandbox
The Sandbox
SAND
-2.8%
$0.29
KAITO
KAITO
KAITO
-1.81%
$0.88
Beam Token
Beam Token
BEAM
-3.48%
$0.0069134492
Wrapped Bitcoin
Wrapped Bitcoin
WBTC
-0.89%
$92,648.04
Wormhole
Wormhole
W
-4.39%
$0.08
Ethereum Classic
Ethereum Classic
ETC
-2.51%
$16.48
IOTA
IOTA
IOTA
-0.98%
$0.19
Jito
Jito
JTO
-8%
$1.73
DYDX (ETH)
DYDX (ETH)
DYDX
-1.59%
$0.63
Starknet
Starknet
STRK
1.9%
$0.15
Arweave
Arweave
AR
-2.32%
$6.25
Four
Four
FORM
1.15%
$2.15
Terra Classic
Terra Classic
LUNC
0.11%
$0.0000635817
zkSync
zkSync
ZK
-2.59%
$0.06
Gas
Gas
GAS
3.63%
$3.47
ApeCoin
ApeCoin
APE
0.12%
$0.51
Kava
Kava
KAVA
-1.84%
$0.44
Amp
Amp
AMP
-1.3%
$0.0040670291
Decentraland
Decentraland
MANA
-1.12%
$0.31
The Graph
The Graph
GRT
-2.43%
$0.09
Tezos
Tezos
XTZ
-1.86%
$0.53
SuperVerse
SuperVerse
SUPER
-3.39%
$0.63
Chiliz
Chiliz
CHZ
-0.54%
$0.04
Axie Infinity
Axie Infinity
AXS
-2.58%
$2.46
DeXe
DeXe
DEXE
-13.09%
$13.69
VeThor Token
VeThor Token
VTHO
-0.47%
$0.0025932938
MultiversX (Elrond)
MultiversX (Elrond)
EGLD
-2.61%
$15.08
Pyth Network
Pyth Network
PYTH
-4.41%
$0.15
Raydium
Raydium
RAY
-4.66%
$2.52
Frax Share
Frax Share
FXS
1.89%
$2.13
Convex Finance
Convex Finance
CVX
-1.94%
$2.78
Oasis Network
Oasis Network
ROSE
-2.45%
$0.03
Kaia
Kaia
KAIA
-3.2%
$0.11
Binance Staked SOL
Binance Staked SOL
BNSOL
-1.95%
$155.08
Ronin Token
Ronin Token
RON
-4.86%
$0.55
Synthetix Network Token
Synthetix Network Token
SNX
-1.54%
$0.72
Zcash
Zcash
ZEC
-0.91%
$32.78
Harmony
Harmony
ONE
-1.77%
$0.01
Mina Protocol
Mina Protocol
MINA
-2.26%
$0.24
Nervos Network
Nervos Network
CKB
-3.81%
$0.0048416126
Astar
Astar
ASTR
-1.48%
$0.03
Flow
Flow
FLOW
-2.05%
$0.39
Blur
Blur
BLUR
-2.79%
$0.11
Qtum
Qtum
QTUM
-1.38%
$2.21
Jupiter Exchange Token
Jupiter Exchange Token
JUP
-4.11%
$0.43
Compound
Compound
COMP
-2.51%
$42.26
Nexo
Nexo
NEXO
1.71%
$1.09
Golem
Golem
GLM
1.54%
$0.28
Quant
Quant
QNT
1.45%
$71.64
Axelar
Axelar
AXL
-1.59%
$0.32
0x
0x
ZRX
-1.29%
$0.27
1INCH
1INCH
1INCH
-1.19%
$0.19
Floki Inu
Floki Inu
FLOKI
-0.23%
$0.0000682580
Kusama
Kusama
KSM
-0.63%
$15.15
Basic Attention Token
Basic Attention Token
BAT
-1.93%
$0.14
Ankr
Ankr
ANKR
-2.2%
$0.02
Dash
Dash
DASH
-2.5%
$21.90
BitTorrent
BitTorrent
BTT
0.45%
$0.0000006503
Zilliqa
Zilliqa
ZIL
-1.81%
$0.01
SUN
SUN
SUN
-1.63%
$0.02
Theta Fuel
Theta Fuel
TFUEL
-0.24%
$0.04
Siacoin
Siacoin
SC
0.9%
$0.0035537730
Trust Wallet Token
Trust Wallet Token
TWT
-2.99%
$0.81
Stargate Finance
Stargate Finance
STG
-2.45%
$0.20
JUST
JUST
JST
-1.05%
$0.03
eCash
eCash
XEC
-1.78%
$0.0000216708
Gnosis
Gnosis
GNO
-2.68%
$111.86
SafePal Token
SafePal Token
SFP
-0.62%
$0.51
Decred
Decred
DCR
-0.01%
$13.53
TrueUSD
TrueUSD
TUSD
-0.03%
$1.00
JasmyCoin
JasmyCoin
JASMY
-3.57%
$0.02
Pudgy Penguins
Pudgy Penguins
PENGU
-11.27%
$0.0063337413
OFFICIAL TRUMP
OFFICIAL TRUMP
TRUMP
30.62%
$12.21
Sui
Sui
SUI
3.35%
$3.00
Turbo
Turbo
TURBO
0.06%
$0.0041720815
Immutable X
Immutable X
IMX
-13.04%
$0.57
Livepeer
Livepeer
LPT
-10.52%
$4.98
Amazon
Apple Pay
Bank Transfer
Credit card
Paypal
Skrill
Sofort by Klarna

Users can trade cryptocurrencies on Binance. It supports most of the popular digital currencies. Additionally, the exchange offers programs for miners, trading assistance, and interest earner programs. It also offers cryptocurrency-related services for users.

The History of the Binance Coin

Binance Coin’s story would be difficult to tell without explaining what Binance is all about. An initial coin offering (ICO) for Binance Coin was conducted in July 2017. During the Binance ICO, BNB tokens were distributed among different participants, which included angel investors and the Binance founding team. 

In a nutshell, here’s how BNB tokens were distributed at first:

Binance raised $15 million from the ICO in Bitcoin (BTC) and Ethereum (ETH). The company sold 100 million BNB tokens at a price of 15 cents each.

In total, 35% of the $15 million raised was utilized to upgrade Binance’s platform and exchange system, 50% for marketing and education of new innovators, and 15% for reserve purposes.

A BNB token was built on the Ethereum blockchain during its ICO in the early days. Soon after the conclusion of Binance’s ICO in mid-2017, the crypto exchange platform was launched. 

With the launch of its own native blockchain in 2019, Binance launched its own BNB coin called Binance Chain (BC). By the end of 2019, users swapped their BNB ERC-20 tokens for the new BNB coins. 

Price Dynamics for BNB

Price fluctuations of BNB are similar to those of other crypto assets that trade on the market. Since Binance’s initial coin offering, BNB sold for about $0.10 per token. Binance Coin’s market cap has exceeded a valuation of $70 billion. 

In the aftermath of Binance’s ICO, BNB has seen a significant increase in value, sometimes reaching more than $600 per coin. Is Binance Coin worth investing in? With its historical price rise, investors likely made a profit if they invested and sold at the appropriate times. Regardless, only time will tell what the future holds for BNB’s price.

Regulatory and Financial Aspects of Binance

Since Binance began operation in 2017, it has become one of the leading players in the crypto market. Regulation difficulties, however, emerged in 2021 against Binance. In 2021, Binance was subjected to regulatory actions from countries and jurisdictions such as Canada, the Cayman Islands, Japan, Malta, the Netherlands, Malaysia, the United Kingdom, and Thailand.

Binance’s operations in the U.K. were ordered to cease by the Financial Conduct Authority because it did not possess the necessary authorizations, registrations, or licenses. Likewise, Malaysian authorities responded by filing a criminal complaint against Binance for operating as an unauthorized virtual asset service provider (VASP) the month after.

Binance announced in 2019 that U.S. users would no longer be accepted on its main exchange, although Binance launched a platform compatible with U.S. users the same year, called Binance.US. Prior to its 2021 headwinds, Binance removed U.S. users from its main exchange in 2019.

Binance plans to open additional offices throughout the world as a response to the increased regulatory scrutiny it has received. It also notes that it plans to apply for licensing in each jurisdiction where it operates. Additionally, a number of high-risk items are also being phased out or restricted by Binance as it expands its compliance capabilities and resources.

Binance’s Trading Guide

The Binance platform has two trading settings: Basic and Advanced. Beginning traders should begin trading on Binance in Basic and Advanced settings for experienced traders.

Using the Basic trade settings, you will have a simple layout that is easy to understand. The only information to make a trade is displayed there. As a professional trading platform, Binance might appear confusing to newbies, so even the Basic trade settings may seem overwhelming. However, you won’t find it complicated, once you get the hang of it!

Trades made through the Advanced setting are accessible to expert traders, giving them access to all price charts and market data that they require to make complex decisions.

Traders’ fees

The trading fees on Binance are among the lowest on the market. There are no fees for depositing funds on Binance. 

Binance: Buying crypto on the exchange

Binance accounts can be created quite easily. You just need to sign up for Binance on the official website and click the “Register” button.

You must verify your identity

You can complete the identity verification by selecting “Identification” from the drop-down menu. On Binance’s help desk you will find a detailed description of the verification process.

You can buy crypto by depositing money

Your trading account is ready once all steps have been completed. With Binance, you can deposit fiat currency, purchase cryptocurrency, or buy cryptocurrency using a credit card.                                         

Using a bank transfer

Transferring money to Binance will save you the most money when buying crypto on Binance. Click “Wallet” and then “Fiat & Spot”. Then click the “Deposit” button.

The following steps are available on Binance’s help desk. For a more detailed explanation, visit the platform’s help desk.

The next step is to begin trading on Binance after depositing funds. As soon as your account is debited, you can start trading crypto with Binance’s “Cash Balance” and “P2P Trading” features.

In the menu bar, hover over “Buy Crypto” to access these features. Beginners will benefit most from the Cash Balance option, which incurs extra fees, whereas advanced users will prefer P2P Trading because it allows them to limit purchases or stop losses.

Payment by credit card

When buying crypto on Binance, using a credit card is the easiest method. You can purchase cryptocurrency by clicking “Buy Crypto,” then selecting “Credit/Debit Card”. From there, enter the USD or EUR amount and choose the crypto you wish to purchase.

Your purchase will be completed after you have entered your credit card details and the validity of your purchase has been verified with MasterCard SecureCode or Visa 3D-Secure.

Binance also provides the following services

Binance offers a variety of tools, platforms, and services besides exchange-specific services. Some of them are the following:

The Binance Earn platform allows investors to earn interest from depositing stablecoins with the exchange. For these coins, the exchange provides multiple options and interest rates to investors depending on the coin and the tenure.

Using the Binance Visa Card, users can exchange their cryptocurrencies for fiat currency and spend it on products and services. In addition to no administrative fees, third-party fees for payment networks apply.

Bitcoin smart pools enable miners to switch between different currencies to optimize and multiply their mining income.

Binance has an incubator for blockchain projects called Binance Labs, which nurtures promising projects in the pre-ICO stage. This project helps deserving cryptocurrency projects with funding, advisory resources, and a platform to launch their listing and fundraising efforts.

There is also a site called Binance LaunchPad, which is dedicated to hosting blockchain-based projects and API interfaces. As of March 2021, 42 projects have been launched on the site.

Conclusion

There is no shortage of platforms competing for investor/trader attention in the crypto exchange market today. However, Binance has managed to shine a light on the crowd by becoming the largest crypto exchange platform based on volume, something that is not easily achieved. Thus, the platform speaks for itself in terms of quality and reliability.

Show More Info

Customer Reviews

Sort by
Validated Reviewer
Verified Current User
Review source: Organic
2 years ago

Review Title

  • What do you like the best?

    like

  • What do you dislike?

    dislike

  • Comment

Show More

Explore Alternatives

View All