Binance Transaction Feesīy default, Binance transaction fees amount to 0.1% of each transaction for both makers and takers. The Binance Jersey platform also accepts fiat currencies too - GBP and EUR - but only offers cryptocurrency support for BTC and ETH. As of late, Binance also offers users the ability to purchase Bitcoin, XRP, Ethereum, Litecoin, and BTCABC by credit or debit card in USD or EUR. Accepted Payment Methodsīinance itself accepts deposits in a whole handful of cryptocurrencies. Similarly, Binance does not accept users from the following states: New York (NY), Georgia (GA), Connecticut (CT), New Mexico (NM), Hawaii (HI), and Washington (WA). Restricted Countriesīinance does not accept users from the following countries: Afghanistan, China, the Republic of Congo, the Democractic Republic of Congo, Cuba, the Democratic People’s Republic of Korea, Eritrea, Iran, Iraq, Ivory Coast, Kyrgyzstan, Lebanon, Libya, South Sudan, and Sudan. Users across the entire world - barring a few restricted countries and states - can sign up to and use Binance’s crypto-crypto trading functionality immediately.īinance’s sister platform, Binance Jersey, supports some fiat currencies and can be used in most European and South American countries, plus several African and Asian countries. With its main focus on exchanging between cryptocurrencies (but not fiat currencies), Binance has a pretty wide reach. On the whole, Binance has a great track record and is considered to be one of the most reputable cryptocurrency exchanges at present. It quickly grew in popularity thanks to its large selection of cryptocurrencies and competitive fees. Historyīinance was launched in 2017 by Changpeng Zhao, a Chinese-Canadian entrepreneur. If you’re curious to know more about Binance, we’ve compiled some of the most important details about the exchange in this section. Their support is 24 hours a day and are active on Reddit. They offer very low trading fees and have an excellent selection of cryptocurrencies available to trade. The exchange also has an active PR team on Reddit, which is quick to resolve problems that fall between the cracks.īinance is one of the top cryptocurrencies exchanges. However, the overwhelming sentiment is positive: most users are able to resolve their issues within 24 hours via Binance’s support ticket system. SupportĪs always, there are mixed reviews about Binance’s support process. The lowest fee you can reach is an 0.0150% maker fee, which is very competitive. The default fee for trading on Binance is just 0.1%, but you can quickly reduce that by purchasing small amounts of the exchange’s proprietary coin, Binance Coin, or by conducting more transactions. Feesīinance is a popular US exchange, so it doesn’t have to rely on high fees to make ends meet. Of particular note, Binance offers both a Basic and Advanced version of its exchange, allowing users to choose just the right amount of complexity for their cryptocurrency trading needs. The intuitive user interface is much like other exchanges, but it also features support for more than ten languages. Using Binance is pretty easy to use, even for beginners. In this section, you’ll find a quick overview of Binance with these things in mind. With any cryptocurrency exchange, our review process looks at three crucial factors: ease of use, fees, and support. You can also read our Binance Futures Referral Code Review. Join Binance Futures today and use our future referral code: 40746035 or Binance Futures referral link (like this one) on sign-up to get 10% discount on your future trades for 30 days! Binance Futures Referral Codeġ0% discount on Binance Future trades for 30 days You can also read our: Binance US referral ID & Review. Get 0% fees when trading bitcoin pairs (BTC/USD, BTC/BUSD, BTC/USDC) If you are in the United States, you can use our referral ID: 35002704 or referral link (like this one) on sign-up to get industry-leading pricing for cryptocurrency trades and $15 dollars when your trading volume is over $100. Visit Binance and get 40% on referrals Referral ID (United States only) Industry leading prices & 40% for referrals with BNB. Join Binance today and use our referral ID: 36757189 or Binance referral link (like this one) on sign-up to get industry-leading pricing for cryptocurrency trades and up to 40% on referrals. Read on to find out more about Binance, including our three-part, honest review of the exchange and a handy referral link you can use to claim rewards with your first purchases. Despite offering little fiat currency support until now, Binance is a staple platform for most investors - and we suggest you give it a try too. It’s also one of our favorites for trading between Bitcoin, Ethereum, XRP and a wide range of altcoins. Binance is the world’s largest cryptocurrency exchange by volume.
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