Binance: Buy/Sell Bitcoin, Ether and Altcoins | Cryptocurrency

Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume.

Binance: Buy/Sell Bitcoin, Ether and Altcoins | Cryptocurrency

Binance is one of the world's largest cryptocurrency exchanges, boasting low fees, access to hundreds of cryptocurrencies, and advanced features for experienced investors. However, Binance is not available to U.S. customers -- if you live in the U.S., you'll need to use Binance.US, though it does have less functionality. Read our full Binance review to determine whether it's the right trading platform for you.


Binance is a low-fee platform with a wide range of cryptocurrencies and a lot of functionality. However, its full product is not available in the U.S., and it is dealing with regulatory issues in various countries.


0.02% to 0.1%


Varies by deposit method

Full Binance review

This cryptocurrency exchange is a good fit for: Advanced cryptocurrency traders around the world who want access to a broad range of currencies and features designed to maximize profits.


  • Low fees
  • Several ways to earn passive income
  • Wide range of cryptocurrencies
  • Advanced trading tools
  • Several ways to deposit money
  • Crypto-to-crypto or fiat-to-crypto trading


  • Not beginner friendly
  • Regulatory issues
  • Not available in the U.S.

Top perks

Low fees

Binance doesn't offer fee-free trading. However, its fees are low compared to even the best crypto exchanges that charge fees and commission. The highest spot trading fee is 0.1%.

Earn passive income on crypto assets

Binance offers various ways to earn passive income, with varying degrees of risk. You can earn up to 30% APR on certain cryptos in its staking program, or put assets into a flexible savings account for lower but more consistent rates. More advanced investors might try to earn income via adding liquidity on pairs of tokens, but it's important to understand the risks involved before jumping in.

Large crypto selection

Binance is one of the largest cryptocurrency platforms in the world. It gives users access to over 370 currencies and thousands of trading pairs. This includes decentralized finance (DeFi) tokens, stablecoins, Bitcoin (BTC), and altcoins.

Advanced trading tools

Binance makes it easy to set a limit order to buy or sell crypto at a specific price. It has a "convert" function for beginner users, and an advanced trading interface with charting tools for more experienced traders. Its Bitcoin futures section lets people speculate on whether the price of Bitcoin will rise or fall. It also sells leveraged tokens, which let customers multiply their positions in a particular currency. Trading with leverage is a risky strategy, because it can amplify losses and, in some cases, cause traders to lose their entire position.

What could be improved

Not available in the U.S.

Binance has a separate platform in the U.S. with fewer features and cryptocurrencies. Binance.US trades over 60 cryptocurrencies, and does not offer futures trading or leveraged tokens. Binance.US accounts are not available in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont.

Regulatory attention

Binance has found itself in regulators' crosshairs in a number of countries. These include Japan, the U.K., Canada, Singapore, and Thailand. And U.S. authorities are investigating potential money laundering, tax evasion, and insider trading. Binance denies any wrongdoing, and no charges have been filed.

For Binance customers, the regulatory spotlight could be unnerving, especially because it might make it hard to deposit or withdraw funds. Binance has taken steps to beef up its compliance team and keep regulators onside. The challenge is that the breadth of products that attract so many customers is also one of the things that's attracting regulatory attention. Binance will find it hard to square this circle.

Not for beginners

Binance is a complex platform, designed to help experienced traders maximize profits. Its huge market selection and in-depth dashboards could be overwhelming and difficult to navigate if you're just getting started in crypto investing.

That said, Binance does have a simpler interface designed for first-timers, as well as a wealth of educational resources. It also asks users to complete a quiz that shows they understand specific dangers before accessing riskier products. However, if someone simply wants to buy Bitcoin for the first time, there are several more accessible platforms.

Alternatives to consider

If you want to diversify your investments to include stocks and crypto: SoFi Active Investing has a decent selection of cryptocurrencies as well as fractional shares, ETFs and other products.

If you're new to cryptocurrency investing: Gemin is an extremely accessible platform with a good range of cryptocurrency products and educational resources. Its Gemini Earn feature lets users earn interest on their assets, and it has a compliance-oriented ethos.


$10 to $100 bonus

New users: Earn $150 BTC when investing $1,000 or more within 30 days

Crypto to crypto trading
Membership benefits
All-in-one cryptocurrency exchange
0.02% to 0.1%
$0 for stocks, 1.25% for cryptocurrencies
$0.99-$2.99 for orders under $200, 1.49% for orders greater than $200
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How Binance works

Binance is a fully functioning cryptocurrency exchange with a huge range of services. You can use Binance to:

  • Buy, sell, or trade cryptocurrency
  • Set up recurring buys
  • Earn passive income
  • Access advanced features such as crypto derivative products, limit orders, and peer-to-peer trading
  • Trade non-fungible tokens (NFTs)
  • Participate in Binance's Launchpad and Launchpool to get exposure to new cryptos
  • Access portfolio insights, plus live tracking and alerts
  • Keep track of your tax obligations with its tax reporting tool

Be aware that Binance's broad range of products have gotten it into hot water with several regulatory bodies around the world. Binance does warn users of the risks involved. It also has an anti-addiction setting to temporarily suspend a person's account if they make a number of consecutive losing trades in a short time.

But ultimately, it gives retail investors access to risky products like margin trading. It is users' responsibility to manage the risk.

Trust Wallet

Binance offers a custodial wallet on its platform. It does not have a built-in external crypto wallet. Instead, it recommends Trust Wallet, a hot (internet-connected) wallet that supports thousands of cryptocurrencies on most major blockchains. It is easy to withdraw assets from Binance to a Trust Wallet or other external crypto wallet.

You can use Binance via desktop, mobile, or its web-based app. It's a centralized exchange, so you need to provide some personal information to verify your account before you can get started.

Fees overview

Binance charges fees for trading, buying, and selling, as well as some withdrawals and deposits.

Deposit and withdrawal fees

Deposit fees depend on the currency and method of payment. It's often free to make a bank transfer, but there's usually a fee for a debit card payment. In many countries, Binance allows credit or debit card payments, bank transfers, and peer-to-peer payments.

You can withdraw money to a bank account in a fiat currency, or withdraw crypto to a wallet or another exchange. Minimum withdrawal amounts and fees vary, based on your withdrawal method and currency.

Trading fees

Your trading fee percentage depends on your trading volume in the past 30 days and the amount of BNB you hold. Maker orders -- those that add liquidity to the market -- also get lower fees than taker orders, which remove liquidity.

Anyone can get a 25% discount on the trading fee by paying in the platform's native currency, Binance Coin (BNB).

0 Less than 1,000,000 0.10% / 0.10%
1 1,000,000 to 4,999,999 and at least 25 BNB 0.09% / 0.10%
2 5,000,000 to 19,999,999 and at least 100 BNB 0.08% / 0.10%
3 20,000,000 to 119,999,999 and at least 250 BNB 0.07% / 0.10%
4 120,000,000 to 199,999,999 and at least 500 BNB 0.07% / 0.09%
5 200,000,000 to 499,999,999 and at least 1,000 BNB 0.06% / 0.08%
6 500,000,000 to 999,999,999 and at least 1,750 BNB 0.05% / 0.07%
7 1,000,000,000 to 2,499,999,999 and at least 3,000 BNB 0.04% / 0.06%
8 2,500,000,000 to 4,999,999,999 and at least 4,500 BNB 0.03% / 0.05%
9 More than 5,000,000,000 and at least 5,500 BNB 0.02% / 0.04%

Cryptocurrency selection

Binance users can access more than 380 cryptocurrencies. Binance also has its own Binance Coin, and its own stablecoin, Binance USD (BUSD).

You'll find thousands of trading pairs on the site, including various fiat-to-crypto options. It has all the popular cryptocurrencies, including almost all the top 50 by market capitalization. These include Bitcoin, Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA).

LEARN MORE: Cryptocurrency Availability: Where Can You Buy Your Favorite Tokens?

Binance is quick to list new cryptocurrencies. It also offers customers early access to new projects through its Launchpool product. Newer cryptocurrencies do carry more risk, so investor caution is recommended.

Is your cryptocurrency safe with Binance?

Security is important when you're trusting your funds to a crypto exchange, especially given the number of hacks we've seen over the years.

Here are some key security features on Binance:

  • It keeps the majority of funds offline in cold storage.
  • It stores 10% of trading fees in a secure fund meant to cover any losses from hacking. This is not the same as having third-party insurance, but does give users some protection.
  • User-level features such as two-factor authentication (2FA) and withdrawal address whitelisting. Whitelisting means you can restrict withdrawals to only pre-approved addresses.

Binance checks a lot of boxes in terms of the security features we look for, but its regulatory issues are not ideal. The company is working to change its reputation for acting first and seeking forgiveness later. It says its compliance team grew by 500% in 2021. But from a user perspective, if your country bans Binance, you might find yourself unable to access your funds. For example, Binance suspended GBP withdrawals and deposits for U.K. users for several months last summer following a regulatory crackdown.

Binance is right for you if:

  • You have intermediate to advanced crypto trading experience.
  • You're looking for low fees, a wide range of currencies, and advanced features.
  • You're an institutional trader, or have high or ultra-high net worth.
  • You live outside the U.S.


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