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Binance
Your Crypto Trading Hub
3.9
(167)
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Binance Reviews & Product Details

Binance Overview
What is Binance?

Binance is a preferred crypto trading platform from Bitcoin to NFTs. Binance is a well-known crypto trading platform for its low fees. It provides unique access to proprietary cryptocurrency, BNB, which lets users buy and sell other coins. For users who want to delve into crypto trading swiftly, Binance is a great option, particularly for those with limited budgets.

Company Binance Holdings Limited
Year founded 2017
Company size 501-1000 employees
Headquarters Ta' Xbiex, Malta
Social Media
Ask Questions about Binance
What Binance is best for?
How does Binance compare to eToro?
What are the pros and cons of Binance?
Binance Product Details
Capabilities
API
Segment
Small Business
Mid Market
Enterprise
Deployment Cloud / SaaS / Web-Based, Mobile Android, Mobile iPhone
Training Documentation
Languages English
Binance Pros and Cons
Pros
  • Low instant and non-instant buying fees so you can get started fast.
  • Extremely popular app with a fantastic reputation.
  • Proprietary cryptocurrency for convenient buying and selling with minimal fees.
Cons
  • Expensive for credit and debit purchases.
  • Not available in some parts of the US.
  • No crypto-to-crypto.
Binance Features
API Integration
Alerts/Notifications
Algorithmic Trading
Automated Trading
Backtesting
Charting Tools
Commission Management
Customer Support
Customizable Interface
Demo Account
Educational Resources
Historical Data
Margin Trading
Mobile Trading
Multi-Asset Support
Multi-Currency Support
News Feed Integration
Order Management
Performance Reporting
Portfolio Management
Real-Time Market Data
Regulatory Compliance
Risk Management Tools
Security and Encryption
Social Trading
Technical Analysis Tools
Third-party Integrations
Trade Analytics
Trade Execution
Watchlists
Binance Media
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Binance Screenshots
Disclaimer
Our research is curated from diverse authoritative sources and meant to offer general advice. We don’t guarantee that our suggestions will work best for each use-case, so consider your unique needs when choosing products and services. Feel free to share your feedback.
Last updated: November 15, 2024
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167 Binance Reviews
3.9 out of 5
Small Business (50 or fewer emp.)
Sep 14, 2018
 Source
Overall Rating:
4.5
BB
Bryant B.
Network Engineer
Share
"Many crypto choice availability"
What do you like best about Binance?

I can have all my cryptos in one place. Also its user friendly. Cheaper fees than coinbase.

What do you dislike about Binance?

The multifactor authentication could be improved.

What problems is Binance solving and how is that benefiting you?

Having all crypto traded on one helps isolate delays in switching through other platforms.

Small Business (50 or fewer emp.)
Sep 19, 2023
 Source
Overall Rating:
4.0
Massimo S. avatar
Massimo S.
Chef De Partie
Share
"Binance, the crypto exchange for everyone"
What do you like best about Binance?

Binance is actually the most common used crypto exchange in circulation, easy to use, good support from the team, nice trading competitions and everytime on the spot.

What do you dislike about Binance?

There are several things that I don't like with Binance, expecially the lack of communications when they decide to do something like delisting or changing something. Apparently someone is getting advantage with trading despite to the majority of users.

What problems is Binance solving and how is that benefiting you?

Well, Binance is the top cryptocurrency exchange in circulation, you can basically trade all the most important cryptocurrencies in existence with real life use.

Small Business (50 or fewer emp.)
Aug 26, 2023
 Source
Overall Rating:
4.0
KS
Kabilwa S.
Assistant Librarian
Share
"Binance the Best Crypto Currency Exchange"
What do you like best about Binance?

The platform is easy to use even for beginners. The fees for transacting are among the most affordable on the market.

What do you dislike about Binance?

The verification process is a bit tricky if the phone you are using is not high quality. You get a couple of rejection when uploading documents and photos.

What problems is Binance solving and how is that benefiting you?

Security is of importance when dealing with crypto currency. Binance provides various levels of security including 2FA.

Small Business (50 or fewer emp.)
Jan 12, 2023
 Source
Overall Rating:
4.0
Shamika U. avatar
Shamika U.
Enterprise Resources Planning Consultant
Share
"Binance for Crypto"
What do you like best about Binance?

Dashboards , Analytics , Real time data , 2 factor Authentication

What do you dislike about Binance?

Some times app gets stuck . Other than that their arent much dislikes

What problems is Binance solving and how is that benefiting you?

Binance helps to trade create wallets for crypto currencies

Small Business (50 or fewer emp.)
Jun 08, 2022
 Source
Overall Rating:
4.0
Ricky Mato Paisip N. avatar
Ricky Mato Paisip N.
Quality Assurance Analyst
Share
"A WALK THROUGH REVIEW ON BINANCE"
What do you like best about Binance?

The thing I like about Binance is that it is a cryptocurrency app that will enable users to create accounts and start trading on Bitcoin..It really did simplify and made easily accessible investment environment to the general public and people who might not be able to do so. In fact, it really did simplify a very complex financial trading environment for anyone who has money .

What do you dislike about Binance?

The thing that causes me to stop using Binance is that I can not be able to complete my registration process. This is because it I couldn't fully verify myself, and the verification process because it was so strict that genuine people like

What problems is Binance solving and how is that benefiting you?

Binance is a cryptocurrency app and it will enable everyone to have to access great financial services and trading of stocks etc.

Small Business (50 or fewer emp.)
Mar 26, 2022
 Source
Overall Rating:
4.0
Abhishek G. avatar
Abhishek G.
Student
Share
"Great cryptocurrency exchange for traders."
What do you like best about Binance?

It is the most secured platform for crypto exchange. It is designed for experienced investors having a wide range of cryptos from all over the world to trade globally. The thing I like the best is the trading fee which is relatively very low from any other platforms available. You can have a wide selection of trading options like P2P, net banking, debit and credit cards and much more.

What do you dislike about Binance?

The experience of the platform can be complex for a first-time user to understand. Customer Satisfaction is also an issue as it has poor customer service and withdrawal issues too.

What problems is Binance solving and how is that benefiting you?

While using Binance, I have known a lot about cryptocurrencies. Even being in India, I can trade all over the world with a single click. Binance has made my trading experience much simpler and more profitable.

Small Business (50 or fewer emp.)
Jan 06, 2022
 Source
Overall Rating:
4.0
SR
Sid R.
Ceo
Share
"good but can be improved"
What do you like best about Binance?

Trading and connecting with other p2p users is easy.

What do you dislike about Binance?

There is nothing I dislike. But the p2p messing service can be improved.

What problems is Binance solving and how is that benefiting you?

I am doing spot & p2p trading with ease. It's the best benefit I realized.

Small Business (50 or fewer emp.)
Nov 11, 2021
 Source
Overall Rating:
4.0
Clive C. avatar
Clive C.
Director De Emprendimiento E Innovación En Zitba / Tecba
Share
"Firts year on Binance"
What do you like best about Binance?

I think the best I have experienced working with the Binance platform has been handling futures with USDT, BNB and BUSD. Especially the ease with which they provide you with information before handling the options. That gave me a lot of confidence.

What do you dislike about Binance?

I did not like the following things. Referral systems are everywhere. They should allow me to become a referral even if I already have an account. Invitations are really everywhere. Another thing that I don't like is their monthly activities, they almost always ask to share or like their pages and that no longer works for old users.

What problems is Binance solving and how is that benefiting you?

I think that the main help of Binance for me, was that I can generate high value assets over time. Out of my country. What is going through political crisis these years. This allows me to draw on an emergency fund outside the country.

Small Business (50 or fewer emp.)
Aug 19, 2021
 Source
Overall Rating:
4.0
CH
Camilo H.
Marketing Analyst
Share
"A secure and easy Crypto trading software"
What do you like best about Binance?

I like the interface, how it shows the markets move, and also the security verification process every time I get into the software/app

What do you dislike about Binance?

The account verification process takes so much; I lost essential movements while I was waiting

What problems is Binance solving and how is that benefiting you?

How to trade cryptos in an easy and fast way to save them into my crypto wallet

Mid Market (51-1000 emp.)
Jul 17, 2019
 Source
Overall Rating:
4.0
Jonie F. avatar
Jonie F.
Software Developer
Share
"A very good platform for the exchange of cryptocurrencies"
What do you like best about Binance?

I am very pleased that the servants of Binance are extremely stable and since I work with them, they have not fallen. In addition, it has many languages, among them is Spanish and English. I find the views they use excellent, both basic and advanced, because they allow you to start in this world from simple and precise diagrams, to entering the advanced graphics and reviewing it in detail. Binance can be thought of as a wallet, although always when it comes to storing large amounts of cryptocurrencies, I prefer the cold option which are the safest as hardware wallets Ledger Wallet or Trezor. Something very positive is the version for smartphones, it is really very stable and functional. On the other hand, thanks to its chart with TradingView you can customize a large number of parameters to obtain a better visualization. Finally, I have to say that the binance academy is amazing and a great invention for the newbies.

What do you dislike about Binance?

In my opinion this platform does not have a lot of negative points to deal with, although at one time they had a lot of coins that were not reliable and even then, they were commercialized. Something that should be added are the customizable currencies lists. Also, the new IEO does not like me very much, but the excellent quality of the platform makes up for it.

What problems is Binance solving and how is that benefiting you?

The number of transactions they can make is very large, around 4.5 million transactions per second. Expand my investment opportunities with a broader range of assets. Something very interesting is that, if you like APIs or if you have a good mind for programming, you can easily configure robots to monitor the market for you and tell you when to do an exchange, others also offer this, but it is done more effectively in Binance

Small Business (50 or fewer emp.)
Feb 03, 2019
 Source
Overall Rating:
4.0
Dennis M. avatar
Dennis M.
Software Engineer
Share
"New but reliable"
What do you like best about Binance?

It is an exchange founded in China, very new still but has been gaining confidence among users, Binance was created after an ICO offer and the launch of the BNB token which pays lower fees on the platform, has assistance in several languages, allows trading with more than 100 cryptocurrencies, high liquidity, low commissions for transactions and withdrawals, has 2 ways to see the platform, basic and advanced, I prefer basic.

What do you dislike about Binance?

Binance has some problems in the app android, there are some delays in withdrawals, does not accept fiat money.

What problems is Binance solving and how is that benefiting you?

When exchanging cryptocurrencies the speed of the platform is a determining factor for the constant fluctuation of currencies, Binance has the capacity to process 1.4 million transactions per second.

Small Business (50 or fewer emp.)
Dec 04, 2018
 Source
Overall Rating:
4.0
SM
Shantanu M.
Web Developer Parttime
Share
"Ease of using Binance"
What do you like best about Binance?

The best part of binance is the ability to trade a large variety of cryptocurrencies with low transaction costs. The interface is fairly straightforward, and the detailed data given by Binance is helpful for new traders.

What do you dislike about Binance?

Binance can be very slow in terms of website updates, profile authentication, and the like.

What problems is Binance solving and how is that benefiting you?

I haven't solved any business problems so to speak, but I have realized the benefits in diversifying my portfolio.

Mid Market (51-1000 emp.)
Aug 15, 2018
 Source
Overall Rating:
4.0
SY
Sharan Y.
Identity & Access Management Architect
Share
"Binance Exchange"
What do you like best about Binance?

Good number of coins that can be traded. Dashboard is great and easy to understand for trading. The best security features along with MFA.

What do you dislike about Binance?

The fees are high and I see market orders take time.

What problems is Binance solving and how is that benefiting you?

Just daily trading and use wallet as a store

Small Business (50 or fewer emp.)
May 06, 2023
 Source
Overall Rating:
3.5
Mario R. avatar
Mario R.
Ceo
Share
"DEFI wallet problem"
What do you like best about Binance?

Security about login and withdraw . but some items are very complicated

What do you dislike about Binance?

Support chat is automatic computer reply

What problems is Binance solving and how is that benefiting you?

Delete or disactivate DEFI wallet

Small Business (50 or fewer emp.)
Mar 30, 2023
 Source
Overall Rating:
3.5
Austin L. avatar
Austin L.
Website Owner
Share
"Decent But Tricky For South Africans"
What do you like best about Binance?

They make it relatively easy to purchase NFTs, but the interface get complicated when trying to sell or make any sort of withdrawal to get out of the cryto-ecosystem.

What do you dislike about Binance?

The withdrawal facilities for South Africans.

What problems is Binance solving and how is that benefiting you?

They're partnering with institutions in South Africa to make it easier to do withdrawals.

Mid Market (51-1000 emp.)
Feb 13, 2023
 Source
Overall Rating:
3.5
Pedro L. avatar
Pedro L.
Full Stack Developer
Share
"Gestiona de forma segura tus cryptos"
What do you like best about Binance?

Herramienta indispensable para operar con criptomonedas de una forma segura. Tienes posibilidad de comprar practicamente cualquier divisa. Es muy segura ya que cuenta con doble factor de autenticación.

What do you dislike about Binance?

Para usuarios menos experimentados puede que les resulte la experiencia de usuario al principio un poco dificultosa, pero una vez te acostubras a la herramienta se hace sencillo.

What problems is Binance solving and how is that benefiting you?

Gracias a Binance puedo operar de forma segura con cualquier criptomoneda. Gracias a toda la información que ofrece a tiempo real te permite comprar de una forma muy ágil.

Small Business (50 or fewer emp.)
Dec 21, 2021
 Source
Overall Rating:
3.5
Jose Manuel S. avatar
Jose Manuel S.
Customer Support Engineer
Share
"Very good init point for cryto exchanges.It has a lot of things but it can be very frustrating too."
What do you like best about Binance?

It has a lot of services so if you are looking for something it's really probably Binance has it and you can use all those services. It's a complete solution to start with cryptos.

What do you dislike about Binance?

It has a lot of features but there aren't easy to find. Binance is so huge in services but it's very hard to start working with, the usability and the multiple features you can access by the start makes it very frustrating.

What problems is Binance solving and how is that benefiting you?

I'm using the multiple earn options like the staking of the cryptocurrencies. I also use it to do some trading and get new tokens. It's one of the exchanges I've already using because it has a lot of tokens availability and services.

Small Business (50 or fewer emp.)
Oct 18, 2021
 Source
Overall Rating:
3.5
Mahmoud o. avatar
Mahmoud O.
Mechanical Engineer
Share
"Free Crypto trading tool"
What do you like best about Binance?

You can use it anywhere in the word, you can easily register I love you to upload money to your wallet immediately, very trustworthy and good exchange rates

What do you dislike about Binance?

Not all crypto currency are available. Also sometimes it becomes really irritating through the identification procedure and somehow it's quite complicated to understand how to cash out your investment.

What problems is Binance solving and how is that benefiting you?

Trading with a cryptocurrencies, investment " long and short run " deposit and withdraw coins for exchange and the variety of options for trading

Small Business (50 or fewer emp.)
Nov 22, 2020
 Source
Overall Rating:
3.5
NK
Nikita K.
Senior Ux Designer
Share
"Trading platform of the future"
What do you like best about Binance?

There are a lot of pairs. Its one of the biggest trading platforms for crypto. The variety of options is amazing.

What do you dislike about Binance?

Its laggy and sometimes slow. Maybe due to centralised serves in HK or some other reason, my it may happened that your order is delayed to be placed (not executed)

What problems is Binance solving and how is that benefiting you?

I trade crypto. It is a very easy place to make money if you know what to do. No running costs - perfect.

Small Business (50 or fewer emp.)
Sep 23, 2018
 Source
Overall Rating:
3.5
RA
Russell A.
Founder
Share
"confusing but full of features"
What do you like best about Binance?

The real time information and the number of different currencies available.

What do you dislike about Binance?

The somewhat user-unfriendly interface. The leftover currency bits that amount to lost money.

What problems is Binance solving and how is that benefiting you?

So far, due to fluctuations in the market, I have not been able to solve any problems - yet - using Binance.