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About Binance
The Binance cryptocurrency platform was established in 2017 by software developer Changpeng Zhao and is a decentralized exchange based in China. Currently, it is the largest cryptocurrency exchange in the world by trading volume.
Features of Binance
Trading Platforms Web, Mobile
Licenses FCA
Local Offices China, Bahrain, UAE
Deposit Options Wire, Visa, Mastercard
Withdrawal Options Wire, Visa, Mastercard
Available Trading Assets Crypto, CFD
Demo Account Yes
Withdrawal Fee Yes
Minimum Deposit Amount $10
Islamic Account Yes
Year Established 2017
Pros
More than 65 cryptocurrencies available for trading for U.S. customers
Low fees
A wide range of trading options and order types are available
Licensed by strong regulatory authorities
Reliable and secure trading platform
A large number of trading options
Trade cryptocurrencies and many financial assets
Fast withdrawals and deposits
Support for many deposit and withdrawal methods
Cons
U.S. features are very limited.
The platform is complex and can be confusing for beginners.
No digital wallet available in the account.
Binance has faced regulatory issues in many countries.
Very slow identity verification process
No customer service available via phone.
Add Rating
Open Account
About Binance
The Binance cryptocurrency platform was established in 2017 by software developer Changpeng Zhao and is a decentralized exchange based in China. Currently, it is the largest cryptocurrency exchange in the world by trading volume.
Features of Binance
Trading Platforms Web, Mobile
Licenses FCA
Local Offices China, Bahrain, UAE
Deposit Options Wire, Visa, Mastercard
Withdrawal Options Wire, Visa, Mastercard
Available Trading Assets Crypto, CFD
Demo Account Yes
Withdrawal Fee Yes
Minimum Deposit Amount $10
Islamic Account Yes
Year Established 2017
Pros
More than 65 cryptocurrencies available for trading for U.S. customers
Low fees
A wide range of trading options and order types are available
Licensed by strong regulatory authorities
Reliable and secure trading platform
A large number of trading options
Trade cryptocurrencies and many financial assets
Fast withdrawals and deposits
Support for many deposit and withdrawal methods
Cons
U.S. features are very limited.
The platform is complex and can be confusing for beginners.
No digital wallet available in the account.
Binance has faced regulatory issues in many countries.
Very slow identity verification process
No customer service available via phone.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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