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8.7/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $1
Trading platform:
  • Proprietary platform
Trading features
  • Investment program available, copy trading
6 624
users picked this broker in 3 months
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Our Evaluation of Binance

8.7/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

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

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Advantages of trading with Binance:
  • 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.
Disadvantages of Binance:
  • 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

Anton Kharitonov

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.

Trade with this broker, if:
  • 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.
Do not trade with this broker, if:
  • 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

User Satisfaction i

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Pro Kipkemboi Collins
22 weeks ago
Social link Verified
Location KE Nairobi

Effortless Trading Platform

Effortless Trading Platform

No such weakness

No such weakness

Binance offers an excellent trading experience, provided you overcome a few hurdles. What attracted me was its huge range of supported cryptocurrencies and reasonable trading fees. The trading itself went smoothly, with minimal slippage, even when the market was choppy. The mobile app is convenient, although it crashed at crucial times twice, which was stressful. Deposits are fast, but I can't say the same for fiat withdrawals - they could clearly be faster. Also, I wish they would give better warning when the platform is under maintenance. Twice I couldn't log in and only found out later via social networks. Despite this, I appreciate their solid security features, such as two-factor authentication and cold storage. If they improve stability and notifications, it would be almost perfect.

Binance offre une excellente expérience de trading, à condition de surmonter quelques obstacles. Ce qui m'a attiré, c'est son immense gamme de cryptomonnaies prises en charge et ses frais de trading raisonnables. Le trading en lui-même s'est déroulé sans accroc, avec un slippage minimal, même lorsque le marché est agité. L'application mobile est pratique, bien qu'elle ait planté à des moments cruciaux à deux reprises, ce qui a été stressant.
Les dépôts sont rapides, mais je ne peux pas en dire autant des retraits en fiat — ils pourraient clairement être plus rapides. De plus, j'aimerais qu'ils préviennent mieux lorsque la plateforme est en maintenance. Deux fois, je n'ai pas pu me connecter et je ne l'ai découvert que plus tard via les réseaux sociaux. Malgré cela, j'apprécie leurs solides fonctionnalités de sécurité, comme l'authentification à deux facteurs et le stockage à froid. S'ils améliorent la stabilité et les notifications, ce serait presque parfait.

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Pro Aleksej
25 weeks ago
Social link Verified
Location DE Frankfurt am Main

Everything is great

Tout est super

not

pas

What I like about Binance is how quickly you can get started. Account creation was quick, and verification didn't take long. I was able to start trading the same day I signed up, which isn't something I've often experienced with other platforms. The number of cryptocurrencies available is impressive, and the trading interface is both professional and easy to use. One aspect I didn't like was the process of withdrawing fiat currencies. Depositing funds is very quick, but withdrawals can take longer and sometimes include unexpected fees. What's more, during peak trading hours, the mobile app can sometimes slow down or freeze, which becomes frustrating when you're trying to complete time-sensitive transactions. Despite this, Binance's low fees, secure storage options and constant platform improvements keep me coming back. The transition between spot and futures trading is seamless, and I appreciate the option to reduce fees by using BNB tokens.

Ce que j’apprécie chez Binance, c’est la rapidité avec laquelle on peut commencer. La création de compte a été rapide, et la vérification n’a pas pris beaucoup de temps. J’ai pu commencer à trader le jour même de mon inscription, ce qui n’est pas quelque chose que j’ai souvent expérimenté avec d’autres plateformes. Le nombre de cryptomonnaies disponibles est impressionnant, et l’interface de trading est à la fois professionnelle et facile à utiliser.
Un aspect que je n’ai pas apprécié, c’est le processus de retrait des devises fiduciaires. Déposer des fonds est très rapide, mais les retraits peuvent prendre plus de temps et parfois inclure des frais inattendus. De plus, pendant les heures de trading de pointe, l’application mobile peut parfois ralentir ou se figer, ce qui devient frustrant lorsque vous essayez de réaliser des transactions sensibles au temps. Malgré cela, les faibles frais de Binance, ses options de stockage sécurisé et ses améliorations constantes de la plateforme me font revenir.
La transition entre le trading spot et futures est fluide, et j’apprécie l’option de réduire les frais en utilisant des jetons BNB.

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Pro abdelrahmanifsm
50 weeks ago
Location GB London

Convenient trading terminal, many important functions

No such weakness

Prefer using Binance because of their low fees. They are the catalyst of low trading costs at a time users are sick of getting burned by high trading fees on platforms like Coinbase. I remember clearly that upon its entry in the market, these platforms all raced to lower their fees because of knowing they will clearly lose market share to this newcomer. Binance has had a 0.1% spot trading fee since the beginning. Because it’s low I never bothered to check if they charge the exact amount in all of my trades, in small or big amounts. I just know that they always offer the best prices for the assets that I trade (I only trade in the spot market) and have an extensive list of tradable tokens. Cheap + flexible… the best one in the crypto market yet.

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Pro Usdtt
1 year ago
Location UA Kyiv

Ok

Ok

No

No

Ok

Ok

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Pro tevera4302
1 year ago
Location US Dallas

Convenient trading terminal, many important functions

It is difficult for a newcomer to understand the whole functionality of the site 13:40

I like Binance’s trading terminal. It is modern, sleek, and shows relevant information you need for your trades spot on. At the same time, it is not intimidating to navigate around which is a common problem for crypto platforms that prioritize a modem vibe in their UI. It instantly shows the summary of my crypto portfolio, the distribution between assets and the amount, and has the daily PnL (profit and loss) record for the day. This way it is so easy to track which assets performed well in the last 24 hours and which ones lagged behind. I like to hold only a handful of assets for easy traceability of my wins. But even when I add a couple more, it is still uncomplicated to make sense of my stats. Love that crypto is now in a rollercoaster that only goes up and seeing all those greens in my portfolio gives me a great sense of motivation.

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Pro Nehal Shah
1 year ago
Social link Verified
Location PK Peshawar

Best Company

No such weakness

Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.

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Pro Milena
1 year ago
Social link Verified
Location AM Yerevan

security verification methods

no weaknesses

Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.

Score:
Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology
9.75/10

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.

Advantages of Binance
  • Cold wallet storage
  • Government-regulated
  • Investor protection fund
  • Facial recognition
  • 2FA
  • Tier-1 regulation
Disadvantages of Binance
  • 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.

Score:
This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.
8.45/10

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.

Advantages
  • Futures fees below industry average
  • Spot fee below industry average
  • No deposit fee
Disadvantages
  • 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

Binance Bybit BitMEX
P2P maker fee (%) 0,1 0 0,01
P2P taker fee (%) 0,1 0 0,075
Score:
We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.
8.5/10

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.

Advantages
  • Google Pay supported
  • Many cryptocurrencies for deposits and withdrawals
  • Bank cards accepted for instant deposits
  • P2P for flexible transfers
Disadvantages
  • 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:

Score:
9/10

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.

Advantages
  • Crypto copy trading available
  • Fiat currencies supported
  • Yield farming available
Disadvantages
  • 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.

Binance OKX Kraken
Staking Yes Yes Yes
Yield farming Yes Yes Yes
Copy trading Yes Yes Yes
Score:
This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles.
9.75/10

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.

Advantages
  • Fast and secure login with Face ID
  • Positive user feedback on the iOS app
  • Automated trading with bots
  • Advanced charting with TradingView support
Disadvantages
  • 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

11.07.2025
Mikhail Vnuchkov
Binance to suspend VANA withdrawals ahead of hard fork
​Binance, one of the world’s largest cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for tokens operating on
11.07.2025
Mirjan Hipolito
Pawel Laskarzewski announces Algorand staking launch on Binance and Crypto.com
Algorand, a prominent blockchain network known for its scalability and efficiency, has extended its staking options to major cryptocurrency exchanges,
04.07.2025
Olga Shendetskaya
Binance launches Simple Earn promo with 2.9 million W giveaway
​Binance, the world’s leading cryptocurrency exchange by trading volume, has launched a new promotional campaign through its Simple Earn platform,

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