According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Investment program available, copy trading
Our Evaluation of Binance
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Binance is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 8.7 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Binance clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Binance is one of the most popular cryptocurrency exchanges with its proprietary platform based on the TradingView toolkit. It is good for diversifying risks for active cryptocurrency traders.
Brief Look at Binance
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit). More about Binance Card
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- low commissions due to liquidity and trading volumes.
- high platform performance;
- proprietary BNB Coin which allows Binance to reduce the commission size;
- a proprietary cold wallet guarantees the security of your crypto assets by storing them.
- complex verification procedure;
- the exchange is not licensed by a regulator;
- The platform can go offline without warning;
- there are complaints about the technical functionality of the platform;
- there is an intricate mechanism for calculating commissions and rewards (grid system Maker/Taker).
TU Expert Advice
Financial expert and analyst at Traders Union
Binance is a novice exchange that appeared at the time of the peak growth of cryptocurrencies in 2017. Despite the subsequent drawdown, it continues to show positive financial results. The reason for its success is the unique combination of a technological platform with extra "schtick”, such as passive investment opportunities, your own tokens, etc. Binance is not only a cryptocurrency exchange, it is also a platform for creating your cryptocurrency business projects (Binance Launchpad), a business incubator, and a charitable foundation.
Binance's tools arsenal contains around 400 cryptocurrencies, with almost 1200 pairs for trading.
A Maker/Taker reward grid is provided for active traders. It provides for the payment of extra remuneration depending on the trading activity.
In comparison with Forex brokers, the Binance functionality and capabilities are wider, therefore this exchange can be recommended for professional active cryptocurrency traders. Binance is included in the Traders Union rating of cryptocurrency exchanges due to the platform's constant improvement and the responsible fulfillment of obligations to traders. Detailed instructions on how to use Binance for trading and investing.
- You're prefer Binance Coin (BNB) holdings. Binance users who hold BNB benefit from various perks, including reduced trading fees and participation in token sales. BNB offers additional advantages within the Binance ecosystem, making it a valuable asset to hold for traders seeking cost-saving opportunities and access to exclusive features.
- You prioritize liquidity and high trading volume when selecting an exchange, as Binance consistently ranks among the top exchanges in terms of liquidity and trading volume, ensuring smoother transactions and optimal price execution for traders.
- You value a user-friendly interface that caters to both beginners and experienced traders. Binance's platform is known for its intuitive design, allowing users to navigate seamlessly and execute orders efficiently.
- You are not comfortable if the exchange lacks proper licensing from a regulatory authority in your respective region. Regulatory compliance is essential for ensuring the security and legality of trading activities, and the same may not be omni-existent for Binance.
Binance Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
💻 Trading platform: | Proprietary platform powered by TradingView |
---|---|
📊 Accounts: | Demo, standard, P2P platform |
💰 Account currency: | EUR, USD, other currencies, and cryptocurrencies |
💵 Deposit / Withdrawal: | Bankcard, credit cards, P2P cryptocurrency exchange, third-party services |
🚀 Minimum deposit: | From $1 |
⚖️ Leverage: | Up to 1:125 |
💼 PAMM-accounts: | No |
📈️ Min Order: | From 0 |
💱 Commission: |
Spot: 0,1%-0,1% Futures: 0,02%-0,05% |
🔧 Instruments: | 415 supported coins, Futures, Perpetual contracts, Options, Fiat, NFT. |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Limit order, Market order |
⭐ Trading features: | Investment program available, copy trading |
🎁 Contests and bonuses: | Periodically |
Binance offers some of the lowest fees in the cryptocurrency market due to its high liquidity. Nevertheless, the trading terms should be classified as mid-market.
Binance provides favorable conditions for withdrawing money.
Binance US is a cryptocurrency exchange that became available to traders from the United States in 2019. A detailed review of Binance US is here.
Binance Key Parameters Evaluation
Video Review of Binance
Share your experience
- Best
- Last
- Oldest






Convenient trading terminal, many important functions
No such weakness


Convenient trading terminal, many important functions
It is difficult for a newcomer to understand the whole functionality of the site 13:40


Best Company
No such weakness


security verification methods
no weaknesses
Regulation and safety
Binance has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Cold wallet storage
- Government-regulated
- Investor protection fund
- Facial recognition
- 2FA
- Tier-1 regulation
- Not U.S regulated
- Successful hacks history
Binance Security Factors
We also compared Binance against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
Binance | OKX | Kraken | |
Tier-1 regulation | Yes | No | Yes |
Government-regulated | Yes | Yes | Yes |
Investor protection fund | Yes | Yes | No |
2FA | Yes | Yes | Yes |
Facial recognition | Yes | Yes | No |
Cold wallet storage | Yes | Yes | Yes |
Successful hacker attacks | Yes | No | No |
Is Binance a regulated crypto exchange?
Binance is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Binance is authorized or licensed in accordance with local regulations in the following regions: AUSTRAC in Australia, AMF in France, Spain, OAM (Italy), FIU (Lithuania), Swedish Financial Supervisory Authority, Bank of Spain, AFSA (Kazakhstan), CASP (Bahrain), VARA (Dubai), FIU-IND (India), Bappebti (Indonesia), JFSA (Japan), FSP (New Zealand), Securities and Exchange Commission of Thailand, DASP (El Salvador), CNV (Argentina).
Is verification (KYC) mandatory at Binance?
Yes, KYC verification is mandatory at Binance. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Binance available?
Binance complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Canada, Sweden, Netherlands, Iran, Islamic republic, Syrian Arab Republic. For the most up-to-date information on regional availability, please contact Binance support.
Is Binance available in the USA?
Yes, Binance is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Binance commissions and fees
Binance has earned a rating of 8.45/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Binance is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Binance trading fees?
We analyzed Binance’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Binance trading fees vs competitors
Binance | Bybit | BitMEX | Industry average | |
Spot, maker fee (%) | 0,1 | 0,1 | 0,1 | 0.15 |
Spot, taker fee (%) | 0,1 | 0,1 | 0,1 | 0.194 |
Futures, maker fee(%) | 0,02 | 0,02 | 0,02 | 0.024 |
Futures, taker fee(%) | 0,05 | 0,055 | 0,075 | 0.053 |
What are Binance deposit and withdrawal fees?
Deposit fee, % | 0 |
Withdrawal fee, % | 0-3,5% |
Does Binance offer P2P trading?
Yes, Binance offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Binance P2P Fees
Deposit and withdrawal
Binance received a 8.5/10 rating for its deposit and withdrawal services. Binance supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.
- Google Pay supported
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- P2P for flexible transfers
- Withdrawal fee applies
- No PayPal option
Deposit and withdrawal options
Binance supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, Google Pay, Apple Pay.
Binance Deposit and withdrawal options vs competitors
Binance | OKX | Kraken | |
Bank transfers | Yes | No | Yes |
Bank card | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
PayPal | No | No | Yes |
What is Binance minimum deposit?
The minimum deposit at Binance is 0 USD/USDT or 0,00000001 BTC. The minimum trade size is 5 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Binance minimum deposit vs competitors
Binance | OKX | Kraken | |
Minimum deposit, USD or USDT | 0 | 10 | 10 |
Minimum deposit, BTC | 0,00000001 | 0,0005 | 0,0001 |
Minimum trade amount, USD/USDT | 5 | 0,00001 | 1 |
Does Binance support fiat money?
Binance supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Binance received a score of 9/10 in this category, highlighting its excellent selection of tradable assets and market access. Binance supports 415 coins and caters to various trading types, making it a strong choice for both active traders and long-term investors.
- Crypto copy trading available
- Fiat currencies supported
- Yield farming available
- Regional product restrictions are possible
Binance supported coins and markets vs competitors
We compared Binance with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
Binance | OKX | Kraken | |
Supported coins | 415 | 329 | 278 |
Futures/Perpetual contracts | Yes | Yes | Yes |
Options | Yes | Yes | No |
NFTs | Yes | Yes | Yes |
Binance passive income options vs competitors
We also compared Binance with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Binance received a score of 9.75/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- Fast and secure login with Face ID
- Positive user feedback on the iOS app
- Automated trading with bots
- Advanced charting with TradingView support
- Advanced orders not available
Trading apps
Binance provides web and mobile apps for both Android and iOS users, with an average rating of 4,7 on the App Store and 4,6 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Binance platform is for mobile use.
Binance | Bybit | |
2FA | Yes | Yes |
Face ID | Yes | Yes |
Mob Indicators | Yes | Yes |
Alerts | Yes | Yes |
Advanced Orders | Yes | Yes |
Trading with bots | Yes | Yes |
API | Yes | Yes |
Extra trading platforms | No | MT4 |
Does Binance offer a desktop app?
Yes, Binance offers a desktop app with full trading functionality. It supports advanced charting, fast execution, and is compatible with both Windows and macOS systems.
Does Binance offer advanced charting with TradingView integration?
Yes, Binance offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
Foundation date | 2017 |
---|---|
Official site | binance.com |
Latest Binance News
Articles that may help you
User Satisfaction i