Binance Review 2025

Binance launched in 2017, and although it’s not that old, right now, it’s best crypto exchange in the world according to CoinMarketCap, offering a wide array of services to over 208 million registered users across 180+ countries.

Binance founder is "Changpeng Zhao (CZ)" and as of now, they offer Launchpad, Mining Pool, Loans, and BNB Chain. Article below reviews all features of Binance Exchange.

Binance Company Information + Regulation

Binance, founded in 2017 by “Changpeng Zhao (CZ)”, has quickly risen to become a dominant force in the cryptocurrency industry. Although Binance faced regulatory issues in various jurisdictions but tries hard to be compatible with different juristications around the world. right now, they are registered in 18 regulations! Binance Licenses:

• Europe: Registered as a Digital Asset Service Provider (DASP) in France, Italy, Lithuania, Spain, Poland and Sweden;

• Commonwealth of Independent States: Licensed by the Astana International Financial Centre (AIFC) in Kazakhstan
• Middle East: Obtained licenses from the Abu Dhabi Global Market (ADGM) and the Central Bank of Bahrain and Dubai World Trade Center
• Asia-Pacific: Secured licenses in Australia, Indonesia, Japan, Thailand and New Zeland
• Americas: Registered in Mexico and El Salvador
• Africa: Obtained License from South Africa

Binance has shown a strong commitment to working closely with regulators worldwide and complying with legal obligations, including anti-money laundering (AML) and counter-terrorism financing (CTF) rules. Predecessor CEO “CZ” talks about it and said:

“it's really important to very actively engage with regulators cause crypto regulation, rather than unclarity is a better option.”

Binance Exchange Summary of Specifications

Binance offers a diverse range of trading products and services; more than 150 coins are listed on Binance and they are tradable with 1:125 leverage! Moreover, exchange Binance Specifications:

Advantages and Disadvantages

Like any trading platform, Binance comes with its own set of pros and cons. Let's examine some of the key advantages and disadvantages of using Binance:

Binance User Levels

There are 10 user levels in Binance that which are categorized by 30-day trading volume and/or daily average BNB Balance.

Trading Fees

Binance offers a tiered fee structure based on trading volume and account level. Here's a brief overview of the fee structure:

Besides trading, there are other fees in Binance which are:

• Deposit Fees: Free for crypto deposits, fees may apply for fiat deposits
• Withdrawal Fees: Dynamic, based on the blockchain network status
• Margin Borrowing Fees: Varies by asset, typically around 0.02% per day

Which Assets and Tokens Are Available for Trading on Binance Exchange?

Binance offers 150+ assets from different categories that are Users can trade across various market types, including spot, margin, futures, and options. Binance Supported Coins:

• Major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Solana (SOL), Polkadot (DOT)
• Stablecoins: Tether (USDT), USD Coin (USDC), Binance USD (BUSD)
• DeFi tokens: Uniswap (UNI), Aave (AAVE), Chainlink (LINK)
• Meme coins: Dogecoin (DOGE), Shiba Inu (SHIB)
• NFT-related tokens: Axie Infinity (AXS), Decentraland (MANA)

Binance also regularly lists new tokens and assets, providing users with access to emerging projects and opportunities in the crypto space.

Binance Exchange Futures and Margin Trading Overview

Binance offers both futures and margin trading options for users looking to amplify their trading potential. Here's a quick comparison:

Margin Trading

• Allows users to borrow funds to increase trading exposure
• Offers 3-10x leverage
• Trades occur in the spot market
• Suitable for short to medium-term positions

Futures Trading

• Involves trading contracts representing the future value of an asset
• Offers up to 125x leverage on some contracts
• Trades occur in the derivatives market
• Ideal for both short-term and long-term strategies

How to Open an Account and Verify Identity in Binance Exchange?

In order to trade in Binance and use its services, you must register and it can be done in 4 steps. Binance sign up:

1. Visit the Binance website or download the mobile app. Click on "Sign up".

2. Enter your email address/phone number.
3. Enter the verification code.
4. Create a Password and Confirm the process to complete registration.

After registration, now you have to go through the Verification process to access everything in the exchange. Binance Verification:

1. Navigate to the "Verification" section.
2. Select your country of residence.

3. Enter your personal information.
4. Upload photos of your government-issued id (passport, driver's license, or national id card).
5. Complete a liveness check by taking a video of yourself following the on-screen instructions. Wait for Binance to review your verification application, which typically takes up to 48 hours.

How Secure Is Binance Exchange?

Binance is generally considered one of the more secure cryptocurrency exchanges, employing various measures to protect user funds and data:

• Cold storage: The majority of user funds are kept in offline "cold wallets" to minimize the risk of hacks.
• Two-factor authentication (2FA): Users can enable 2FA for an additional layer of security.
• Address whitelisting: This feature restricts withdrawals to pre-approved addresses only.
• Anti-phishing code: A unique code that helps users identify genuine Binance emails.
• Device management: Users can monitor and control which devices have access to their account.
• $1 billion insurance fund: Binance maintains a significant fund to cover potential losses in extreme cases.

No exchange is 100% secure. Binance has faced security breaches in the past, such as a 2019 hack where $40 million worth of Bitcoin was stolen. Users should always practice good security habits.

Withdrawal and Deposit Methods in Binance Exchange

Binance supports a wide range of deposit and withdrawal methods to accommodate users from different regions. Binance deposit and withdrawal methods:

• Cryptocurrency: Users can deposit and withdraw various cryptocurrencies directly to their Binance wallet address.
• Bank transfer: Available for many fiat currencies, including USD, EUR, GBP, and others.
• Credit/debit cards: Instant Deposit & Withdrawal using Visa, Mastercard, and other supported cards.
• Third-party payment processors: Options like SEPA, Faster Payments, and others depending on the region.
• P2P trading: Users can buy cryptocurrencies directly from other verified users using various local payment methods in order to deposit and withdraw.

Processing times can vary depending on the method used and network congestion. Cryptocurrency transactions typically process faster than other methods.

Binance Exchange Trust Scores

Binance consistently ranks high in trust scores among cryptocurrency exchanges. According to Coinmarketcap, a reputable crypto data aggregator, Binance has achieved a perfect Trust Score of 10 out of 10.

• CoinMarketCap: 9.9/10
• CoinGecko: 10/10

• Reviews.io: 4.1/5 based on 371 reviews.

Which Copy Trading and Investment Services Does Binance Offer?

Binance offers a copy trading feature on its Futures platform, allowing less experienced traders to automatically copy the trades of more seasoned investors. Besides that. It offers various investment options such as Auto Invest and High Yield. Binance investment services:

• Simple Earn (Staking)

• High Yield
• Auto-Invest
• Megadrop
• Launchpool
• Mining Pools
• Loan

Binance Exchange Restricted Countries: Am I Eligible to Trade on Binance?

Binance maintains a "List of Prohibited Countries" and reserves the right to restrict or prohibit access from certain jurisdictions. This is because regulation problems or sanctions; however, Binance is not available in countries below.

• Asia: Malaysia, China, Japan, Iran, Yemen, India, Thailand, Bangladesh, Kazakhstan, Philippines, Vietnam, Syria, Singapore, North Korea
• America: USA, Canada, Cuba
• Europe: Italy, Netherlands, UK, Crimea, Russian-Controlled parts of Ukraine
• Africa: Nigeria

Binance operates and offers its services legally in Türkiye. You can read the Binance TR review on TradingFinder.

Trading Finder Expert Suggestions

In order to be a complete package, Binance has launched its native currencies, BNB and BUSD in July 2017. Binance exchange has more than 7,000 employees and owns companies such as Trust Wallet.

Right now, over 244 million people are using Binance and its features such as copy trading, trading bots, mining pools and Megadrop. On the other hand, it has drawbacks such as regulatory challenges in some regions.