Binance provides ease of access with ease of use. They are continually building and engage customers directly on social media every time there’s any kind of bump in the road (funds are safu). Regulatory restrictions is forcing them to come out with different versions of their exchange dependant on geographical location of the customers.
(Review last updated 08/2019)

Features

  • Name: Binance
  • Founded: 2017
  • Location: Hong Kong
  • Fiat Currencies: none so far
  • Cryptocurrencies: 1237
  • deposit: all integrated Cryptocurrencies
  • Trading fees: 0.1% and additional discount with BNB
  • Deposit fees: none
  • Withdrawal fees: Varied according to different blockchain conditions

Pros

  • High quality platform with instant transactions
  • as of 2019 biggest exchange worldwide in volume
  • cutting edge fee structure
  • Beginner friendly
  • Good language support
  • Insured through SAFU fund in case of hacks

Cons

  • support only through email
  • no fiat deposit / withdrawal options available
  • Mixed customer service reviews
  • confusion on 2FA authenticaton

Stuff to know

“In response to China’s decisions, we are moving our IP’s from Hong Kong to an offshore location. So we are registered in multiple locations and we have people in multiple locations. That way we will never be affected by one regulatory body”

Binance is Binary or Bit + Finance

Currently Binance is still boasting the biggest trading volume in the world and has shared its plans to become a Fiat onramp as well in certain jurisdictions or countries.

Even thought they are treating the safety of the funds under their management with the utmost care you can never be safe enough so do not keep any more coins on the exchange than needed and always use 2fa or 2 factor authentification.

Extra Features

choose your skill

A choice between basic and advanced exchange models to suit your skills

Binance Charity foundation

Making giving transparent by proving blockchain accountability

Mobile Apps

Get the mobile Trust Wallet for IOS, Android and Google play to stay on top of the markets on the go

Binance Academy

Learn all about blockchain and crypto in this free collection of online knowledge tutorials

SAFU fund

funds are covered against hacks by setting 10% of trading fees aside

BNB coin

the exchanges own token that is used to launch IEO and give trading fee discounts.

Fee stucture
low fees 96%
Customer Service
email support 73%
Reputation
Trust value and communication 94%
User experience
Look and feel 87%
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