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Binance Review 2025

Binance Review 2025
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Your Capital is at risk.
Company:Binance
Headquarter:

George Town, Malta

Founded:2017
Coins:150
US Accepted:
Max Leverage:1:125
$1 Minimum Deposit24/7 SupportFiat Deposit Availabe150+ Coins to Trade125x Maximum LeverageEarn & Staking

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
Binance is registered under 18 jurisdictions globally, including Europe. It offers diverse trading products like spot, futures (up to 125x leverage), and margin trading with over 400 supported cryptocurrencies. With robust security measures like cold storage, 2FA, and a $1 billion insurance fund, Binance adheres to global AML and CTF regulations, earning high trust scores (e.g., 10/10 on CoinGecko).
Contact
23 Lime Tree Bay Avenue, George Town, XBX1420
Rank and Score
Pros and Cons
User Levels
Pros
Low Trading Fees
Wide Range of Cryptocurrencies
Advanced Trading Features
Investing Opportunities
Robust Security
Mobile App with Advanced and Lite Modes
Extensive Educational Resources
High Quality Performance in All Sections
Cons
Regulatory Challenges
Complex Interface for Beginners
score of blog
4.6 From 5.0
(14)
Rate this post
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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
Binance Exchange established by “CZ” and launched in 2017

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;
Binance DASP License
Binance Exchange France DASP License
  • 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 400 coins are listed on Binance and they are tradable with 1:125 leverage! Moreover, exchange Binance Specifications:

Exchange

Binance

Launch Date

2017

Levels

10

Trading Fees

Varies Based on Levels

Supported Coins

400+

Futures Trading

Yes

Minimum Deposit

$1

Deposit Methods

Crypto; Bank Transfer, Credit/Debit Cards, Third-Party Payment Processors, P2p Trading

Withdrawal Methods

Crypto; Bank Transfer, Credit/Debit Cards, Third-Party Payment Processors, P2p Trading

Maximum Leverage

125x

Minimum Trade Amount

Varies Based on Currency

Security Factors

Cold Storage, Two-Factor Authentication (2FA), Address Whitelisting, Anti-Phishing Code, Insurance Fund

Services

Simple Earn, High Yield, Auto-Invest, Megadrop, Launchpool, Mining Pools, Loan

Customer Support Ways

Live Chat, Email, FAQ, Forum, social media

Customer Support Hours

24/7

Fiat Deposit

Yes

Affiliate Program

Yes

Orders Execution

Limit Order, Market Order

Native Token

BNB, BUSD

Restricted Countries

Malaysia, China, Japan, Iran, Yemen, India, Thailand, Bangladesh, Kazakhstan, Philippines, Vietnam, Syria, Singapore, North Korea, USA, Canada, Cuba, Italy, Netherlands, UK, Crimea, Russian-Controlled Parts of Ukraine, Nigeria

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:

Advantages

Disadvantages

Low Trading Fees

Regulatory Challenges

Wide Range of Cryptocurrencies

Complex Interface for Beginners

Advanced Trading Features

-

Investing Opportunities

-

Robust Security

-

Mobile App with Advanced and Lite Modes

-

Extensive Educational Resources

-

High Quality Performance in All Sections

-

Binance User Levels

Binance uses a VIP-tiered account structure based on a user’s 30-day trading volume and BNB balance. As users move up the VIP ladder, they unlock benefits such as:

  • Lower maker/taker fees
  • Higher API limits
  • Improved withdrawal privileges

Additional perks like referral rewards and BNB fee reductions are available even at the base level, making the system rewarding for both casual and professional traders.

VIP Levels & Requirements

Level

30D Spot and Margin Trade Volume (BUSD Equivalent)

and/or

Daily Average BNB Balance

Regular User

< 1,000,000

Or

≥ 0

VIP 1

≥ 1,000,000

And

≥ 25

VIP 2

≥ 5,000,000

And

≥ 100

VIP 3

≥ 20,000,000

And

≥ 250

VIP 4

≥ 100,000,000

And

≥ 500

VIP 5

≥ 150,000,000

And

≥ 1,000

VIP 6

≥ 400,000,000

And

≥ 1,750

VIP 7

≥ 800,000,000

And

≥ 3,000

VIP 8

≥ 2,000,000,000

And

≥ 4,500

VIP 9

≥ 4,000,000,000

And

≥ 5,500

Trading Fees

Binance operates on a tiered maker/taker fee model. Regular users pay a flat fee of 0.1% for both maker and taker trades. Traders holding Binance Coin (BNB) can receive additional fee discounts by using BNB to pay trading fees.

Binance FeesBinance calculates fees based on user level

As trading volume and BNB balance increase, users unlock VIP levels that offer significantly lower fees, making Binance one of the most cost-effective platforms for high-volume traders.

Level

Maker Fees

Taker Fees

Regular User

0.1000%

0.1000%

VIP 1

0.0900%

0.1000%

VIP 2

0.0800%

0.1000%

VIP 3

0.0700%

0.1000%

VIP 4

0.0700%

0.0900%

VIP 5

0.0600%

0.0800%

VIP 6

0.0500%

0.0700%

VIP 7

0.0400%

0.0600%

VIP 8

0.0300%

0.0500%

VIP 9

0.0200%

0.0400%

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 400+ cryptocurrencies from different categories that 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 coins list
Binance offers 400+ cryptocurrencies

Binance stands out with one of the broadest selections of cryptocurrencies in the industry. The platform supports trading in over 400 cryptocurrencies globally, making it a top choice for altcoin traders.

Additionally, users can access nearly 1,000 trading pairs, allowing for diverse combinations between major coins, stablecoins, and fiat currencies.

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

This vast offering ensures both beginners and seasoned investors can find a wide range of trading opportunities.

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 Binance Official Website

Navigate to the exchange's official website and click on the "Sign Up" button.

Binance sign up
Click on sign up button to register with Binance

#2 Binance Registration Form

Enter your contact details and verify your email address/phone number via the verification code sent to you.

After confirming your contact details, it's time to set a strong password for your account.

#3 Binance Verification

After registration, now you have to go through the Verification process to access everything in the exchange. Step-by-step guide to the Binance KYC procedure:

  1. Log in to the exchange's client portal;
  2. Navigate to the "Verification" section;
  3. Select your country of residence;
Choose Residency
Choose residency for account verification
  1. Enter your personal information;
  2. Upload photos of your government-issued id (passport, driver's license, or national id card);
  3. 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.

Binance Exchange Applications and Platforms

Binance offers a range of applications and platforms to cater to different user preferences and needs. In In these applications, users are able to trade, deposit and withdraw, do Authentication and use Binance API.

Desktop App

The Binance desktop application is Available for Windows, MacOS, and Linux operating systems. It is Streamlined interface with real-time market updates and Access to all Binance trading products and services. Download Binance desktop app:

  • Windows
  • MacOS
  • Linux

Mobile App

The Binance mobile app brings the power of the exchange to your smartphone, allowing you to trade on-the-go. It’s available for Android and iOS with full access to all Binance products. Download Binance mobile app:

Authenticator app

The Binance Authenticator app is a crucial security tool that provides an extra layer of protection for your account. It Offers a secure alternative to Google Authenticator and you can download it for Android and iOS.

How Secure Is Binance Exchange?

Binance employs industry-standard security practices, including two-factor authentication (2FA), device and IP whitelisting, and wallet address whitelisting.

It also supports advanced access controls and offers a self-custody Binance Wallet with integrated risk monitoring. Here's a list of security measures taken by Binance:

  • 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.

While these features provide solid user-side protection, the exchange has faced past regulatory scrutiny and legal challenges, which continue to raise concerns about institutional security and compliance in some jurisdictions.

Note that 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 the Blockchain 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
Binance trust score
Binance trust score in coingecko
  • Reviews.io: 4.1/5 based on 371 reviews.

Binance Features

Let's explore the crypto-specific services Binance offers to its users.

Staking

Yes

Yield Farming

Yes

Social Trading

Yes

Liquidity Pool

Yes

Crypto Cards

Yes

Customer Services and Support in Binance Exchange

Support
Binance support is available 24/7

Binance offers a comprehensive customer support system to assist users with various issues:

  • 24/7 live chat support: Available for quick resolution of common problems.
  • Email support: For more complex issues requiring detailed explanations.
  • Extensive FAQ section: Covers a wide range of topics from account management to trading.
  • Binance Academy: Provides educational resources for users to learn about crypto and the platform.
  • Social media channels: Regular updates and community support on platforms like X (Twitter) and reddit.

Which Copy Trading and Investment Services Does Binance Offer?

Binance offers a crypto copy trading software 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 Earn

Binance offers robust staking services through its Binance Earn platform. Users can stake various proof-of-stake (PoS) cryptocurrencies with either flexible or locked terms.

Flexible staking allows for instant withdrawal with lower rewards, while locked staking offers higher yields over fixed periods. This service enables users to passively earn income while supporting network consensus and security.

EarnBinance Earn is available for multiple assets

Binance Copy Trading

Binance supports copy trading through its Binance Futures platform. Users can automatically replicate the trades of top-performing traders in real time, selecting strategies based on performance metrics and risk levels.

Lead traders earn commissions based on profitability, while copy traders benefit from passive exposure to professional strategies, ideal for users with limited time or experience.

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.

Restricted Countries
List of Binance Restricted Countries
  • 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.

Binance vs Other Exchanges

Let's compare Binance's services with other popular crypto platforms:

Features

Binance Exchange

Coinex Exchange

Upbit Exchange

Toobit Exchange

Number of Assets

400+1,200+200+100+

Maximum Leverage

1:1251:1001:11:150

Minimum Deposit

$10.0005 BTCN/A$5

Spot Maker Fee

0.02% - 0.1%-0.005% - 0.1%From 0.2%0.008% - 0.2%

Spot Taker Fee

0.04% - 0.1%0.025% - 0.1%From 0.2%0.05% - 0.2%

Mandatory KYC

YesNoYesNo

Futures Trading

YesYesNoYes

Mobile Application

YesYesYesYes

Fiat Payment

YesYesYesYes

Staking

YesYesYesNo

Copy Trading

YesYesNoYes

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.

FAQs

Is Binance safe to use?

Binance is generally considered safe, employing robust security measures. However, no exchange is 100% secure, so always practice good security habits.

What are the fees for trading on Binance?

Binance uses a tiered maker/taker fee model starting at 0.1% per trade. Users holding BNB tokens get up to 25% discount.
With higher 30-day volume and BNB balance, users unlock VIP levels (1–9). For example:

  • VIP 0: 0.1% maker/taker
  • VIP 9: 0.02% maker / 0.04% taker

This rewards high-volume traders with significant cost savings.

How long does verification take on Binance?

Basic verification typically takes up to 48 hours, but advanced verification levels may take longer.

What's the minimum deposit on Binance?

Minimum deposit in Binance vary by cryptocurrency and fiat currency.

What is Binance and why is it the leading crypto exchange globally?

Binance, founded in 2017 by Changpeng Zhao (CZ), is the world’s largest cryptocurrency exchange by daily volume and number of users, boasting over 208 million registered accounts across 180+ countries. Its popularity stems from:

  • 400+ tradable cryptocurrencies
  • Leverage up to 125x
  • Extensive features including copy trading, staking, mining pools, and Binance Earn

Its broad range of tools and strong liquidity make it a top choice for both new and professional crypto traders.

Is Binance a regulated crypto exchange?

Yes, Binance holds regulatory licenses or registrations in 18 jurisdictions, including:

  • France, Italy, Spain, Sweden (Europe)
  • UAE, Bahrain (Middle East)
  • Australia, Japan, Thailand (Asia-Pacific)
  • Mexico, El Salvador (Americas)
  • South Africa (Africa)

Despite past challenges, Binance has demonstrated a strong commitment to compliance, aligning with AML/CTF policies globally.

What types of crypto assets can you trade on Binance?

Binance supports over 400 cryptocurrencies and 1,000+ trading pairs, including:

  • Major coins: BTC, ETH, BNB, XRP
  • Stablecoins: USDT, USDC, BUSD
  • De Fi: UNI, AAVE
  • Meme coins: DOGE, SHIB
  • NFT tokens: AXS, MANA

This extensive asset selection makes it ideal for diversified crypto investing and trading.

What is the maximum leverage offered on Binance?

Binance offers leverage up to 125x on certain futures contracts.

For margin trading, leverage ranges between 3x to 10x depending on the asset.

These tools are designed for experienced traders seeking to amplify gains, but they also increase potential losses, so risk management is essential.

How do deposits and withdrawals work on Binance?

Binance supports multiple methods:

  • Cryptocurrency transfers (instant, blockchain-based)
  • Bank transfers (SEPA, SWIFT)
  • Credit/Debit cards
  • P2P trading with local payment methods

Deposits are free for crypto, while withdrawal fees are dynamic, based on blockchain congestion.

Does Binance offer copy trading and auto-investment options?

Yes. Binance offers:

  • Futures Copy Trading: Users replicate pro traders' strategies in real-time;
  • Auto-Invest: Automates periodic crypto purchases;
  • Simple Earn & High-Yield Pools: Earn passive income through staking and locked rewards.

These features empower users to grow wealth passively with diversified strategies.

How secure is Binance for storing cryptocurrencies?

Binance implements robust security features:

  • Cold storage of funds
  • 2FA, IP whitelisting, anti-phishing codes
  • Device management tools
  • $1 billion insurance fund (SAFU)

Despite a 2019 hack, Binance has significantly upgraded its systems and remains one of the most security-conscious exchanges globally.

Does Binance support fiat deposits and withdrawals?

Yes. Binance supports Fiat deposits/withdrawals via bank transfers, credit/debit cards, and P2P trades

Supported fiat currencies include USD, EUR, GBP, TRY, and more.

Users can convert fiat into crypto seamlessly and withdraw profits in local currency.

Is identity verification (KYC) mandatory on Binance?

Yes, Binance requires KYC (Know Your Customer) to comply with regulations and unlock full services. The process includes:

  • Uploading an ID document
  • Completing a liveness check
  • Address verification (for some regions)

KYC helps protect users and ensures secure access to all exchange features.

What are Binance’s top features beyond trading?

Binance offers:

  • Staking and Yield Farming
  • Launchpad & Launchpool (early project access)
  • Binance Pay (crypto payment service)
  • NFT Marketplace
  • Crypto-backed loans
  • Crypto debit card

These tools turn Binance into a comprehensive Web3 ecosystem, not just a trading platform.

Which countries are restricted from using Binance?

Binance is restricted in:

  • USA, Canada, China, Japan
  • India, Iran, Syria, North Korea
  • UK, Netherlands, Italy
  • Nigeria and some parts of Ukraine

Due to sanctions and regulatory bans, users from these regions cannot use Binance’s global platform.

How does Binance support users and resolve issues?

Support options include:

  • 24/7 Live Chat
  • Email support
  • Extensive FAQ section
  • Community forums and Binance Academy
  • Social media help via Twitter, Reddit

Most queries are resolved quickly, though high traffic may lead to delays in complex cases.

What is the difference between futures and margin trading on Binance?

Futures trading deals in derivatives with leverage up to 125x, settled in USDT or crypto.

Margin trading allows borrowing funds with 3–10x leverage to trade in the spot market.

Futures are more suited for short-term speculation; margin trading is flexible for spot gains.

What are BNB and BUSD, and why are they important to Binance?

BNB (Binance Coin): Native token used to pay fees, access launchpads, and earn rewards. Holding BNB grants fee discounts and VIP perks.

BUSD: Binance’s former stablecoin (phased out in 2024).

BNB is deeply integrated into Binance’s ecosystem and has real utility across its services.

Can beginners trade on Binance or is it only for pros?

While Binance has pro-level features, it also offers:

  • Lite mode interface
  • Tutorials via Binance Academy
  • Auto-Invest and Earn products

Beginners can start small, use demo walkthroughs, and transition to advanced tools over time.

How can users earn passive income on Binance?

Binance offers:

  • Simple Earn (Flexible staking)
  • Locked Staking & High-Yield Pools
  • Launchpool farming
  • Auto-Invest plans
  • Copy Trading on Futures

These tools help users grow their crypto holdings passively based on asset risk profiles and time horizon.

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