Binance review

Binance has over the years earned itself quite a strong reputation in the crypto market and is considered the biggest exchange in terms of volume. It is one of the most trusted exchanges for those that want to purchase cryptocurrencies through a credit card or debit card and wire transfer. Binance users have access to more than 23 coin staking bonuses.

Binance also announced this year that it added SEPA to the list of avenues through which users can deposit or withdraw funds on its trading platform. It also has a native token called BNB which allows users to get a 25 percent discount on their trading fees.

Please note that fees may vary based on your country or purchase amount. 

  • Binance offers competitively low fees

 

  • Users can purchase cryptocurrencies through debit/credit cards

  • Users can purchase cryptocurrencies through wire transfer

  • The crypto platform has a SAFU emergency fund that is funded by 1- percent of the trading profit

  • The SAFU emergency fund is used in case of a hacking incident

  • Binance has the best staking program that consists of over 20 cryptocurrencies. Traders can earn between 1% and 20% annual interest by holding such coins in their Binance accounts

  • Binance also provides high liquidity through buy orders

  • The company has changed the location of its headquarters multiple times due to regulation changes and this may create distrust

  • It offers very few payment options

Is Binance A Trusted Exchange?

So far Binance has been a favorite among many crypto traders and for good reason. It is among the most trustworthy crypto exchange platforms in the world and its impressively high trading volumes mean that many people trust it.

How Does Binance Compare To Other Exchanges?

There are a few other crypto exchanges that compete with Binance. Here is a look at how they stack up against Binance.

  • Has roughly 2.2 million daily active users

 

  • Daily active volume: $100 mln - $300 mln

  • Offers more than 30 cryptocurrencies

  • Provides access to OTC markets

  • Is available in more than 180 countries

  • Trading fees range between 0.42% and 0.1%

  • More than 12 million active daily users

 

  • Roughly $10 billion to $12 billion in daily trading volume

  • Supports over 190 cryptocurrencies

  • Offers OTC trading

  • Available in more than 180 countries​​

  • Low fees between 0.1%  and 0.2%

  • Biggest exchange in terms of volume and also one of the most trusted

  • More than 1 mln daily active users

 

  • Averages over $500 mln in daily trading volume

  • Over 20 cryptocurrencies listed on its exchange platform

  • It is available in more than 100 countries

  • Charges up to 2% in fees

Disclaimer

This website is for informational purposes only and it doesn’t provide any investment or financial advice related to website use. It is advisable that if you are seeking investment or financial advice to consult a professional to get more insights on the risks associated with cryptocurrencies. Most importantly do not invest what you can’t afford to lose. The website doesn’t guarantee investors any trading profit. We accept advertising commissions from partners like bitcoin wallets and cryptocurrency exchanges.
About US
Bitcoinsouthkorea24 was launched as a tool professional investors and traders can use for research purposes in finding the quickest top three crypto exchanges where they can buy crypto. The website has analyzed the most popular exchanges by comparing trading volumes, trading fees, payment methods, supported cryptocurrencies, the estimated number of users, and availability in different countries. We aspire to be a leading platform offering investors a way of finding the best and fastest trading options considering there are more than 1000 different crypto exchanges that charge high fees and some are even scams. We are delighted to support the blockchain ecosystem through a selection of the best options for novices to purchase crypto from some of the best cryptocurrency providers.

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