RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Binance

Binance Exchange Review

Centralized

A Binance exchange review reveals that Binance is the biggest blockchain and crypto asset exchange in the world as measured by trading volume (since early 2018). The word “Binance” derives from the words “binary” and “finance”. Binance was founded by Chinese-Canadian, Changpeng Zhao, who is also leading the company as CEO. Zhao has proven to be a business executive who knows how to effectively balance the demands sets by customer service and regulations. One of the reasons why it is such a popular and widely used crypto exchange.

The system architecture used by them consists of multi-tier and multi-clusters, including a certified matching engine. This offers safety and stability and allows for the processing of 1.4 million orders per second – something that contributes to the high liquidity offered. A Binance exchange review also reveals that they offer both multi-coin and multilingual support. The Binance exchange platform can also be used on all known operating systems, including the web and mobile web, Android, iOS, macOS and Windows. In addition, the underlying platform has been deployed at more than 30 other exchanges. A testament to the reliability of the platform.

Binance also enjoys the support of a strong and capable team backed by proven products and superior technology. A Binance exchange review also reveals that they have good relationships going with many industry leaders as can be seen from the list of those who are willing to support therm. Binance exchange features include basic as well as advanced features. They also offer debit and credit card payments that can be used to purchase cryptocurrencies, starting with BTC, LTC, ETH and XRP.

  • 24h Trading Volume

    211778.933 BTC
  • Establish date

    2017
  • Headquater

    Malta

Binance Exchange Review

  • Binance Withdraw

    Withdrawal fees are regularly adjusted according to blockchain conditions.
    For fee schedule see here.

  • Binance Fees Discount

    Using BNB for transaction fees applies a 25% discount to your trading fee.

  • Binance Deposit fees

    Free
  • Binance Trading fees

    0.1%

  • Accepted Payment Method

    Crypto to Crypto only
  • Native Token

    Yes
  • Margin Trading

    No
  • Download Clients

    • Download client
    • Download client
    • Download client
    • Download client

Binance Exchange Score Analysis

Binance is a particularly large crypto exchange based in Japan – originally based in China – with its own token, a large number of crypto, and 0.1% fees which reduce with transactions. The team is very experienced, with the CEO having plenty of experience and a large public team. The exchange is easy to use and well built, with quick support help provided by support tickets. However, crypto is not insured, so capital is at risk, and the exchange has been hacked previously.