Binance.com is an exchange that everyone who is interested in cryptocurrencies has heard of. And not without reason. It is the largest and most developed platform in the world – both in terms of the number of users and available features. No wonder that opinions about Binance are so frequently searched for in 2025.
You will find many voices on the internet. Most of them highlight the vast selection of cryptocurrencies, very low fees, and a convenient mobile application. Of course, like any platform, Binance has some drawbacks – for example, a complex interface or restrictions resulting from local regulations. But looking at the whole? It’s still the best choice if you care about a reliable tool for trading crypto.
In this article, we will analyze user opinions about Binance, look at its strengths, and explain why – despite certain imperfections – it is Binance that still wins against the competition.
Why is Binance so popular?
When we look at opinions about Binance, we quickly notice that many users highlight the same reasons for returning to this exchange. It’s no coincidence. Binance has built an advantage over the years that is hard to match.
The first and most important advantage is the very low transaction fees. The standard fee on the spot market is only 0.10%, and when paying in BNB, it drops to 0.075%. For active traders, this is a concrete saving that makes a difference in the long run.
Another issue is liquidity. Binance has the largest trading volume in the world, which means orders are executed quickly and without price slippage. You don’t have to wait for a buyer or seller to match – everything happens in a split second.
Users also praise the vast selection of cryptocurrencies. On Binance, you will find over 500 tokens. It’s an ideal place for those who like to diversify their portfolio and search for niche projects.
The comprehensive ecosystem also works in its favor. Binance is not just spot trading, but also staking, NFT, Launchpad, earn, and recently – futures contracts and margin. Everything in one place.
It's no wonder that opinions about Binance among experienced investors are mostly positive. It's hard to find another platform that is as complete and competitive.
User reviews – overview of reviews
What do real users say about Binance? To answer this question, we checked the most popular sources of opinions: app stores, review platforms, and social forums. The result? Binance opinions are very diverse – but one thing remains unchanged: the vast majority assess this exchange positively.
In Google Play, where millions of users have downloaded the app, Binance boasts an impressive rating of 4.5 out of 5 stars. Similarly in the App Store – there the rating is 4.8★. Users praise the convenience, clear interface, and the ability to trade from a phone 24/7. A sample comment? "Great app! Intuitive, fast, staking works flawlessly."
The ratings on sites like Trustpilot look somewhat different – there the average is only 1.6★. Where does such a discrepancy come from? It’s worth understanding that Trustpilot is dominated by people who had issues and decided to make them public. The most common complaints relate to support and KYC verification – i.e., technical problems that can affect even the best platform.
On forums like Reddit or discussion groups, opinions are mixed. Many users appreciate the vast possibilities of Binance, but there are also critical voices, especially when someone does not understand the principles of P2P, KYC blocks, or the withdrawal fee system.
In summary: opinions about Binance clearly show that for most active traders and investors, it is the number 1 platform. Drawbacks do occur, but the advantages definitely outweigh the disadvantages.
Advantages of Binance according to users
If you ask why so many people choose this exchange, the answers are surprisingly consistent. Just look at the opinions about Binance to see that users often point out the same advantages. And it's hard not to agree with them.
✅ Low fees that make a difference
This is one of Binance's greatest advantages. The standard fee is only 0.10%, and when paying with BNB, it drops to 0.075%. For active traders, this is a huge saving. In times when competitors often add hidden costs, Binance plays openly.
✅ Huge selection of cryptocurrencies
Binance offers access to over 500 tokens. Altcoins, stablecoins, memecoins, major projects, and emerging gems – everything in one place. It’s a paradise for those who enjoy diversity.
✅ Liquidity and speed
On Binance, orders are executed instantly. Thanks to the largest volume in the market, you don’t have to wait for hours for a transaction. This is especially important during times of high volatility.
✅ Comprehensive ecosystem
Spot, staking, NFT, Launchpad, Earn – Binance is not just an exchange, but a whole world of cryptocurrencies in one application. Users appreciate the fact that they can manage their entire portfolio without having to log into several different platforms.
✅ High quality of the mobile application
Ratings speak for themselves: 4.5★ in Google Play, 4.8★ in the App Store. Users emphasize that the application is stable, fast, and intuitive – even for those who are just starting out.
✅ Support in Polish
This is a huge plus for those who don’t feel confident in English. Binance not only has a Polish interface but also a 24/7 chat in Polish, which makes life significantly easier.
✅ Security and trust
The exchange has Proof of Reserves 1:1 and a SAFU fund at the level of 1 billion dollars. This is a security measure that is hard to find among many competitors.
It's no wonder that opinions about Binance among advanced users are mostly positive. It is simply a platform that realistically offers more – for less.
Most common complaints and drawbacks
Although Binance is the market leader and receives many positive ratings, it is not an ideal platform. In any large community, there are users who have encountered difficulties. Opinions about Binance highlight several recurring themes that are worth knowing before opening an account.
❌ KYC verification
One of the most common frustrations among users is situations related to identity verification. Sometimes the system asks for documents again or the process takes longer than it should.
💡 Tip: it's worth preparing high-quality documents and using the chat in Polish – it significantly speeds up the process.
❌ High withdrawal fees (especially ERC-20)
Some blockchain networks – like Ethereum – have very high fees, independent of Binance. This means that withdrawing e.g., ETH or USDT can cost even several dozen dollars. This is painful, especially for beginners.
💡 Solution? Withdraw stablecoins on cheaper networks, e.g., TRC-20 or BNB Chain.
❌ Lack of traditional transfers in PLN
Currently, Binance does not support regular bank transfers in zlotys. However, it is easy to deposit funds via card, SEPA in euros, or use intermediaries like Revolut or ZEN. For some time now, Binance has also offered deposits via BLIK.
💡 Despite this limitation, deposits are quick and work without issues.
❌ Complex interface
For beginners, Binance may seem complicated. A lot of features, shortcuts, charts – all this can be overwhelming at first.
💡 It’s worth starting with the mobile app or the Lite version, which is more user-friendly for new users.
Despite these drawbacks, it must be emphasized: most users who understand how the system works stay with Binance for years. Opinions about Binance clearly show that the downsides exist – but they are not an obstacle for those who want to use a powerful tool.
Is Binance safe? Opinions
For many users, security is an absolute priority. No wonder – often significant sums of money are at stake. If we look at opinions about Binance, the issue of security comes up regularly. And it must be admitted – Binance has been doing a lot for years to protect its clients.
The most important element of security is the SAFU fund – an insurance that covers potential losses in the event of a failure or attack. The fund's value currently exceeds one billion dollars. This is a real safety cushion that most exchanges simply do not have.
Binance is one of the few platforms that has also introduced Proof of Reserves 1:1. What does this mean? That every cryptocurrency a user has in their account actually exists in the exchange's reserves. There is no talk of a 'paper' balance – everything is fully covered.
The platform also employs modern security measures: two-factor authentication (2FA), withdrawal address whitelisting, anti-phishing codes, and monitoring for suspicious activity.
Of course – like any large platform – Binance has had cases of attacks in the past. The most notable events occurred in 2019 and 2022. But importantly: users recovered their funds, and the exchange itself strengthened its security even further after these incidents.
Therefore, opinions about Binance in the context of security are generally positive. If you take basic precautions – use 2FA, do not click on suspicious links, do not keep your entire wealth on a P2P account – you can sleep soundly.
Regulations in Poland – what you need to know in 2025
In 2025, the topic of crypto regulation in Poland evokes many emotions. Especially in the context of Binance, which – although it is a global platform – also operates locally. Opinions about Binance in Poland often relate to legal issues and restrictions.
To start with, good news: Binance Poland sp. z o.o. is officially listed in the register of virtual currency activities maintained by the IAS in Katowice. This means that it operates legally and transparently. However, it is worth adding that this is not yet a full license from the Financial Supervision Authority (KNF) – although such a possibility may arise after the MiCA regulations are implemented.
The KNF warns that it does not supervise cryptocurrency exchanges and funds deposited on platforms like Binance are not covered by bank guarantees. This is true – but it applies to practically all exchanges operating in the EU. Therefore, it is important for users to be aware of this and manage their capital responsibly.
Since May 2025, Binance has restricted access to some products in Poland, such as futures contracts, margin trading, or cryptocurrency loans. This is the result of adapting to local regulations – not a decision made by the exchange itself.
Despite these changes, the vast majority of features remain available: spot trading, staking, Launchpad, earn, P2P, or NFT. For 90% of users – this is more than sufficient.
In summary: opinions about Binance in Poland show that despite the lack of a full license from the KNF, the platform operates transparently and adapts to applicable regulations. And that is a good signal for the future.
Summary – Is it worth using Binance?
If we analyze all opinions about Binance, it’s hard not to come to one conclusion: it’s a platform that really works. It offers more features, more cryptocurrencies, and more security than most competitors.
For active traders, Binance is practically the natural choice. Low fees, liquidity, a wide range of altcoins, and access to tools like staking or Launchpad make it hard to find a better place for everyday trading.
Are there any downsides? Of course. Like any large platform, Binance has its weaknesses – sometimes support operates with delays, and the interface can overwhelm beginners. Additionally, there are regulatory restrictions in Poland that have blocked, for example, futures contracts.
But despite this, the balance is definitely positive. User opinions about Binance show that those who understand how the platform works and approach it with a bit of patience stay longer. And often cannot imagine switching to another exchange.
So if you are looking for a place that combines functionality, security, and vast possibilities – Binance is a very solid choice.