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There are multiple reasons why you should opt for this crypto exchange platform. The features and services of Binance make it different from all other crypto exchanges. Low minimum deposit, intuitive interface, attractive bonuses, and educational zone for learning how to trade are some significant attractions of this platform.
The main motive behind this Binance Review is to inform you of the prospects and advantages of using this crypto trading platform. Some of the significant reasons are as mentioned below:
| Exchange Details | Info |
| Crypto conversion | Not Available |
| Account minimum | $10 |
| ACH transfer | Free |
| Wire transfer | $15 per transaction for US customers |
| Buy/Sell Crypto | 0.1% or 0.5% |
| Debit cards | 4.5% |
| Wallet | Not Available |
Binance is a famous cryptocurrency exchange launched in 2017 by a Canadian-Chinese developer. The exchange allows the users to transact or exchange fiat for cryptos such as Bitcoin or other coins through its advanced platform services. Besides this, some additional benefits of using this exchange platform are:
The platform is also known for providing access to crypto-to-crypto trade in pairs. Besides this, the exchange has multiple additional offers like low minimum deposit, easy usability, various coins to exchange with, and an intuitive mobile trading platform.
As the world is ahead toward digitalization and globalization, many crypto exchanges are coming forward with different user offers. In such a case, Binance is self-explanatory. This exchange enables crypto enthusiasts to purchase, sell, hold and earn through cryptocurrencies. In addition, it offers top-notch security and a user-friendly interface for better accessibility. We are here with the Binance Review for an in-depth explanation of how this exchange works.
Binance is a crypto exchange and trading platform known for its competitive fees worldwide. It involves the best crypto trading services to the users. In addition, the platform has its crypto coin by the name of Binance Coin. It is issued by the Binance exchange and is traded with the BNB symbol.
This crypto exchange platform currently supports 60+ cryptocurrencies worldwide and significant crypto trade pairs. Additionally, the exchange focuses on delivering high-class security to its users through a secured web-based platform for trading. The availability of the platform in countries like the UK, Germany, and Spain makes it renowned.
Apart from this, the platform provides some additional features that make it stand out from the crowd of standard crypto exchange platforms. Services like execution solution, OTC trading, P2P Merchant application, and Binance pay make it appealing for the users to opt for this trading platform. Overall, the exchange is an all-in-one crypto trading platform that offers the best security, products, and accessibility.
Let us take an in-depth look at the advantages and disadvantages of using Binance, a crypto trading platform.
Binance is a legit crypto exchange that has been running efficiently since 2017. In addition, the exchange is awarded security accreditation rewards which add a reason to its legitimacy. A few other reasons why Binance is legit are as follows:
Keeping in mind the pointers mentioned above, it is crystal clear that the crypto exchange platform works legitimately.
Binance is a relatively secure platform for trading cryptos compared to other standard crypto exchange platforms. The exchange aims to deliver a safe trading zone for crypto enthusiasts to purchase, sell, hold and exchange cryptos. The top-notch security features of the platform are as follows:
Credit card
Debit card
Bank transfer
Wire transfer
ACH
In-person cash payment
Exchange Bitcoins for altcoins
| Exchange Details | Info |
| Crypto conversion | Not Available |
| Account minimum | $10 |
| ACH transfer | Free |
| Wire transfer | $15 per transaction for US customers |
| Buy/Sell Crypto | 0.1% or 0.5% |
| Debit cards | 4.5% |
| Wallet | Not Available |
| Exchange Details | Info |
|---|---|
| Headquarters Country | United States |
| Foundation Year | 2017 |
| Type | Crypto Exchange |
Mentioned below is the detailed structure of the trading fees charged.
| 30 Day Trade Volume | Maker Fee (%) | Taker Fee (%) |
| Less than 250 BTC | 0.02 | 0.04 |
| Upto 250 BTC | 0.016 | 0.04 |
| Upto 2500B BTC | 0.014 | 0.035 |
| Upto 7500 BTC | 0.012 | 0.032 |
| Upto 22500 BTC | 0.010 | 0.030 |
| Upto 50000 BTC | 0.008 | 0.027 |
| Upto 100000 BTC | 0.006 | 0.025 |
| Upto 200000 BTC | 0.004 | 0.022 |
| Upto 400000 BTC | 0.002 | 0.020 |
| Upto 750000 BTC | 0.000 | 0.017 |
This crypto exchange platform provides restricted payment methods for withdrawing and depositing funds in the account.
| Method | Minimum Withdrawal | Deposit Fee | Withdrawal Fee |
| ACH | $1 | $0 | 0 |
| Wire transfer | $100 | $0 | $15 domestic, $35 international |
| Debit card | Not available | 4.5% | Not available |
The customer support system of this crypto platform can be a bit tedious. Unlike other crypto trading platforms, it helps in supporting its users through conventional ways. If you want to write feedback or seek support, you can do it through the facility of help centre available on the official page of Binance.
After going through the in-depth analysis of the Binance Review, we can claim that the crypto exchange platform is legit and not a scam. It has all the features, from easy accessibility to security, 24/7 support, and regulatory compliance. However, some potential flaws are operational difficulty and a history of regulatory scrutiny.
To find a crypto exchange that fits best, you may have to try out dozens of different exchanges. Obviously, this would take a lot of time. That’s why, to help you save your time, Cryptocurrency Essentials offers a detailed review of every cryptocurrency exchange on the market.
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