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Binance
Your Crypto Trading Hub
4.0

( 167 )

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Binance Reviews: 4.0/5 — Solid Choice

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
Managed by:
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waseem khamo
waseem
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Ask Questions about Binance
What Binance is best for?
What are the best alternatives to Binance?
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
Alerts/Notifications
Algorithmic Trading
API Integration
Automated Trading
Backtesting
Charting Tools
Commission Management
Customer Support
Customizable Interface
Demo Account
Educational Resources
Historical Data
Binance Media
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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: August 31, 2026
Binance Brokerage Trading Platforms logo
167 Binance Reviews
4.0 out of 5
Small Business (50 or fewer emp.)
Jun 01, 2022
 Source
Overall Rating:
1.0
AG
Verified Reviewer
Founder
Share
"Binance - The world's biggest scammer"
What do you like best about Binance?

At first, when I started investing in the crypto world, Binance seemed the most trustworthy of all the brokers and that was a valuable quality but soon proved to be wrong...

What do you dislike about Binance?

They stole LUNA (8,20$) without permission from MY wallet to replace them with LUNC (0,000106$) which was basically a ghost coin to cover their SCAM. They proved to be worst than a regular bank and almost broke my trust in the crypto world. Never again.

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

At the moment, none. They're THE problem. I just wanted to do this review to prevent other people from trusting them. Sooner or later, you're gonna be robbed, trust me.

Small Business (50 or fewer emp.)
Feb 09, 2022
 Source
Overall Rating:
1.0
Andrew C. avatar
Andrew C.
Owner
Share
"Lost my coins during transfer"
What do you like best about Binance?

Nothing, at all! I invested in Lite, Tron and BTC. I left my investment undisturbed. Last yr when the market took off I was told of the transfer between Binance and Binance U.S. Now, and after numerous emails they answer by pointing the finger at each other.

What do you dislike about Binance?

During the time they say they transferred coins from Binance to Binance U.S. All of mine disappeared. I have emailed both Multiple times and they just point the finger at each other.

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

None. Binance blames Binance U.S. and vice versa.

Small Business (50 or fewer emp.)
Dec 06, 2021
 Source
Overall Rating:
1.0
AG
Verified Reviewer
Founder
Share
"Error prone withdraws that locks your money/crypto in + terrible customer service = bad combo"
What do you like best about Binance?

Range of cryptos that can be bought. The platform has a lot to offer - when it works.

What do you dislike about Binance?

- Extremely error prone withdrawal / whitelist functionality - Terrible and inflexible customer service - Confusing UI/UX

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

Crypto purchasing and selling and exchange

Small Business (50 or fewer emp.)
Oct 30, 2021
 Source
Overall Rating:
1.0
DB
David B.
Founder
Share
"CROOKS - AVOID AT ALL COSTS!!!"
What do you like best about Binance?

Good selection of coins. Not much good about they are CROOKS!

What do you dislike about Binance?

They stole my entire account - one day, my account was 0 balance. CROOKS and SCAMMERS. Customer Service ignores you. AVOID AT ALL COSTS they ar THIEVES!!!!

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

NONE they create problems and steal your money

Small Business (50 or fewer emp.)
Jun 09, 2021
 Source
Overall Rating:
1.0
Ebaneo V. avatar
Ebaneo V.
Strategic Advisor For Entrepreuners
Share
"SCAMMERS, AVOID at all COST!! I LOST all my money when I tried to withraw from Binance to my bank"
What do you like best about Binance?

I do not have anything good to say about them! they are slow and never ever help you when you have problems. I tried to contact them to see if I can get my money back.

What do you dislike about Binance?

they are slow and never ever help you when you have problems. I Lost my money, I was earning some money with dogecoins and when I wanted to take out my money from scamance, I mean , binance, I never received my money into my bank! Now I am just waiting until they reply to my ticket and it has been more than 1 month that I wait for their reply(today is June 10 2021). I tried to take my money out and it never arrived even after 3 montjhs of wait!

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

they just stole my money, nothing more, nothing less

Small Business (50 or fewer emp.)
Jun 06, 2021
 Source
Overall Rating:
1.0
AK
Anosh K.
Founder
Share
"Worst crypto exchange. Dodgy, evasive, no support and liars!"
What do you like best about Binance?

There are heaps of options to trade, good fees too.

What do you dislike about Binance?

Customer service/ support is non existent. If you have issues with your account or money that has not been deposited to your account (out of no fault of your own) Binance will not respond and when they respond they will deny any accountability and lie to you. They tell you we will refund you and not refund you but make you try to contact them for 3 months to get another response letting you know that they can't do anything. I've had an issue with a bank transfer that I sent to the correct email pay ID that has not been deposited to my account after almost 6 months. They claim they don't have it however the banks have confirmed the transfer went through successfully to the right account. Absolutely appalling customer service I have never experienced such a horrendous experience before.

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

I am not solving any problems with binance if anything I have more prop pens because of them.

Small Business (50 or fewer emp.)
May 06, 2021
 Source
Overall Rating:
1.0
Deric L. avatar
Deric L.
Software Engineer
Share
"Terrible customer service! I can't buy anything....."
What do you like best about Binance?

The interface is good enough and intuitive

What do you dislike about Binance?

I can't buy anything within my account, every time I try to buy crypto I see the message: "Risk Account Detected!Sorry, you are not able to purchase crypto because you didn’t meet Binance security Terms of Use and Internal Policy."....I have tried the customer support multiple times and nobody can solve this issue. I opened my account two months ago and I never used it. Gonna delete my account......

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

Buy and sell crypto

Small Business (50 or fewer emp.)
Apr 19, 2021
 Source
Overall Rating:
1.0
Jonathan S. avatar
Jonathan S.
Private Investor
Share
"Worst Customer Service for a Financial Institution"
What do you like best about Binance?

At this time, I cannot provide a positive spin for Binance. In it's current form it is a money grab.

What do you dislike about Binance?

Customer service takes days for a response. Then the response you receive is an automated response. Your money is held hostage through this process.

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

Initially investment for growth. But cross your fingers and hope you never have anything go wrong with a transaction. You'll never talk to a real person about it through their support.

Small Business (50 or fewer emp.)
Apr 01, 2021
 Source
Overall Rating:
1.0
AG
Verified Reviewer
Founder
Share
"Money withdrawal stucked somewhere and no help from support"
What do you like best about Binance?

A lot of possibilities, security and ease to use.

What do you dislike about Binance?

Disgusting support and not possible to get any receipt or help about money withdrawal. I made a SEPA transfer for my euro account about 2 weeks ago and still haven't receive the money. Support people send me to the appeal section when I do appeal it is rejected and I am advised to go back to support. And guess what? Support again sends me to appear selection, when I again got rejection. I can't even get receipt of SEPA transfer to contact my bank. My money is nowhere now

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

Crypto buying

Enterprise (> 1000 emp.)
Mar 24, 2021
 Source
Overall Rating:
1.0
JA
Joe A.
Sans Emploi
Share
"Binance awful customer service"
What do you like best about Binance?

The initial idea of investing in a secure and professional platform. What a disappointment!

What do you dislike about Binance?

Customer service is overloaded and handed to bots. I am stuck since december 2020, with no access to my account and with no reply to my queries. I feel like a hostage and i am afraid i lost my investment.

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

I am totally desperate with the way my support ticket is handled. ( Latest Case ID 421805 - account user ID 45498851) I registered the account 45498851 on  29.7.2020 (date of personal verification by binance)   with e-mail mollard.royal@gmail.com, then I changed mail bogatsvozavtra@gmail.com on 8 Dec 2020 with the help of Binance Customer Service. On 29.12.20 I tried to access my account from my mobile device and failed by inadvertance in the verification process. As a consequence of this failure, my e-mail bogatsvozavtra@gmail.com is not usable anymore to access my former binance account. This e-mail is now connected to another account, totally empty (ID 63076550). I wish to access my former and authentic account ID 45498851, from another email, antouraforever@gmail.com.  My former, real account has funds on it. I started to deposit funds on this account ID 45498851 on between 9 and 29 December 2020. My funds on acct 45498851 are integrally dispatched  as follows : ca 49% on BTC, ca 51% on other 40 other tokens (BNB, ETH, LTC, USDT, POWR, XRP, etc.) I submitted several requests to Binance helpdesk in January-February-March 2021, with no result atall. On two occasions, somebody (i.e. a ghuman body, not a robot) seemed to be interested in the case and asked me to fill in a form for identity check, which I did integrally. No one came back to me ever with a follow-up. When Binance opened a chat to face the requests for assistance, mid-March 2021, I started all over again to explain my case. CS "Deborah" told me on 8 March it would take 24 hours for a reply. No feedback since then.CS Pavin told me on 10 March he was referring the case to senior level. No feedback at all. Every time I log in on the chat, a chatbot asks to tell the story from scratch, and repeats "please describe your issue in details" until you get crazy. Than it tells you « bingo » like a pure provocation in the face of an exhausted customer.

Small Business (50 or fewer emp.)
Mar 22, 2021
 Source
Overall Rating:
1.0
AG
Verified Reviewer
Founder
Share
"Money never arrived in my account."
What do you like best about Binance?

nothing. It is just really bad. there is no Customer service

What do you dislike about Binance?

It's not possible to get in touch with Binance. My money never arrived on the account, but there's no chance for me to get it back. They never reply on mails (only 6 formatis of automatic replies) and the chat is also full automatic. Be warned.

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

Some problems can't be solved by a computer. Get real people to answer my questions. I have to accept that my money is gone now because Binance does not have real people to respond to problems.

Small Business (50 or fewer emp.)
Mar 20, 2021
 Source
Overall Rating:
1.0
FI
Fatimah I.
Founder
Share
"Don’t waste your time signing up with binance"
What do you like best about Binance?

There is nothing good about this website

What do you dislike about Binance?

First, I had to do a verification not only of my passport but had to scan my face, after waiting more than 12 hours to be verified, I also had to upload a document of one of my bills to prove that I live in the address. I don’t understand why they need so much of my information if I just want to buy some cryptocurrency, I can’t even imagine what they do with all my information. I’ve signed up for robinhood and they never asked me for the usual social security and just verify that it’s me, I just think it’s so sketchy that they ask for so much information, it makes me feel like I’m applying to be in the CIA. I honestly wouldn’t recommend it at all. Save yourself some time and go sign up for a different website that has better things to offer and has an easier way to buy stocks and cryptocurrency. I can’t imagine if I wanted to buy a stock at a low price but had to wait more than a day to be able to purchase it, especially with all the limits they put.

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

They don’t have any support team that actually helps you. Every company should have a good system to help the customers but they don’t

Small Business (50 or fewer emp.)
Mar 18, 2021
 Source
Overall Rating:
1.0
AG
Verified Reviewer
Founder
Share
"Scamming websites."
What do you like best about Binance?

Instant transfer of deposit via pay I'd.

What do you dislike about Binance?

Manipulation of your assets figures when trading and deciding to buy or sell that cost you a lot and benefits binance financially as they rub you as an example that happened every time that I have decided to buy and sell my crypto, Price suddenly jumps up or down when pressing buy or sell as soon as you have hit the button and too late to stop which is not normal. Buy and sell function doesn't operate when you wanted to which has cost me alot of $$$ and I am now 100% sure it has been design to operate like that by binance. False advertisements and running it like a casino with false promotion. Never received referal fee when introduce family and friends my my unique referral like. Fees charged for transferring via pay I'd that it's should have not been charged as promised by binance in their website as available options to deposit without fee for Australian. High fees and wrong price advertisement compaire to actual and real market pricing. I have raised this issue in writing and not received satisfactory answers by them. It is my duty to let people know about this scamming websites operating by high tech programs out of China whom not honest and only aiming to get richer by stealing your money.

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

No benefit received and not a single satisfactory recieved when raised this issue in writing several times.

Small Business (50 or fewer emp.)
Mar 07, 2021
 Source
Overall Rating:
1.0
AG
Verified Reviewer
Founder
Share
"I can no longer buy Crypto even though I am verified!"
What do you like best about Binance?

Not much, I liked only that the first 3 crypto purchases I made were successful.

What do you dislike about Binance?

I am no longer able to purchase crypto because they are saying "you didn’t meet Binance security Terms of Use and Internal Policy" after I provided my ID and got VERIFIED. The full message is as follows: "Risk Account Detected Sorry, you are not able to purchase crypto because you didn’t meet Binance security Terms of Use and Internal Policy" I contacted them and no real solution or reason was provided. And it is extremely hard to get in touch with them.

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

As I said not many benefits. Their UI also is so counter-intuitive and messy!

Small Business (50 or fewer emp.)
Feb 17, 2021
 Source
Overall Rating:
1.0
Anthony C. avatar
Anthony C.
Dealer Account Manager
Share
"HORRIBLE SUPPORT"
What do you like best about Binance?

There is nothing that makes this company stand out versus other platforms I use. There is only negative

What do you dislike about Binance?

Unreliable technology. Horrible support. I have been locked out of my account for a month now. their system doesn't work for authentication. I have sent them my drivers license, my passport, a selfie of me holding these items, a video of me reciting the date while holding these items, and I am still without access to MY money. YOU ARE TRUELY THE WORST I HAVE EVER DONE BUSINESS WITH BINANCE!!!!!!

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

n/a

Small Business (50 or fewer emp.)
Jan 08, 2021
 Source
Overall Rating:
1.0
AG
Verified Reviewer
Founder
Share
"absolute worst customer service experience . Non responsive and I'm concerned about losing assets"
What do you like best about Binance?

I was attracted to the platform because of it seemed to support many more alt coins that other platforms. This ended up being my mistake.

What do you dislike about Binance?

I do not like that they freezed my account without any advanced warning and any notification whatsoever. I am a US based customer and my account features have been disabled and I'm not able to convert the alt coins or withdraw them. The FAQ pages advised to open a US account, which I did but am still frozen and not about to access my assets. I've been on a mission for 3 days straight just trying to contact someone, I've submitted several support tickets and have literally waited on their support chat 3 times for over 10 hrs each and get booted off. This site initially appeared legit to me, but is looking now like a scam. I would avoid using Binance to ANYONE.

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

see my message above about not being able to access my assets and no one responding to my attempts to contact them. No one is there, the support is probably just bots or some IT trap that aborts after 10 hrs of waiting.

Mid Market (51-1000 emp.)
Oct 06, 2020
 Source
Overall Rating:
1.0
AG
Verified Reviewer
Founder
Share
"binance.us ACH, wire transfer, withdraw doesn't work."
What do you like best about Binance?

Nothing. Maybe low fees and that is it. Everything else is broken.

What do you dislike about Binance?

1\ ACH doesn't work from chase, us bank and Bank of America. Their engineering team is so incompetent they cannot fix this Daily limit bug: Rejected Amount exceeds the day limit: 0.01. You can only deposit 1 cent!!! and it doesn't work. 2\ Same day wire never works. do not waste your money. They cannot read the transfer reference number from Bank of America or US bank. 3\ You cannot withdraw from your binance wallet to kraken or anywhere. you get this message: suspended due to risk management. 4\ customer service is so incompetent and takes for ever to respond. No one knows what they are doing. I wrote many emails to the founders and they don't care to respond or fix this stupid issue. This company sucks.

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

Nothing solved. I sent over 25 tickets and 50 emails. nothing is solved. the only solution is pray to god that they will allow you to transfer to kraken one day.