A cryptocurrency exchange is used to connect offers from people buying and selling cryptocurrencies. Some exchanges provide customers with additional opportunities in the form of staking, crypto loans, and trading options. On the Binance platform, you will find a wide selection of cryptocurrencies and competitive trading commissions. The service provider has implemented the basic safeguards necessary to maintain the security of the investment account. Binance is the most popular cryptocurrency exchange in the world. Unfortunately, they have recently been struggling with legal problems in the USA. Because the SEC accuses them of using users’ funds for money laundering.
What is Binance crypto exchange
Binance is the cryptocurrency platform with the largest trading volume worldwide. Due to its extensive list of tools and features, it can prove problematic for an inexperienced investor. Nevertheless, access to a huge amount of cryptocurrencies and low commissions attracts even people with a lack of knowledge. On the Binance exchange, you will find futures contracts, several types of orders, market charts and several hundred different cryptoassets. The provider even has a separate platform where it allows you to trade NFT tokens. Experienced investors and traders will appreciate the large number of opportunities offered by Binance. The platform was established in 2017. The founder is Changpeng Zhao. The stock exchange’s headquarters are located in China. Unfortunately, the Chinese crypto exchange has some issues with financial regulation in some countries. An investigation was undertaken in the United States. The US SEC suspects that the platform was used to launder dirty money through customer funds. If the allegations of tax crimes turn out to be true, the exchange may lose the trust of many customers in the future.
What cryptocurrencies can we find on the Binance exchange?
With a list of over a few hundred cryptocurrencies, it would be difficult to list all of them. The most popular and most frequently chosen tokens include:
- Bitcoin;
- Ethereum;
- Litecoin;
- Dash;
- Cosmos;
Features of the Binance Exchange
The stock market offers useful real-time charting tools. On the Binance website, you will find a dashboard with a list of available assets. In addition, you will find transaction history, price charts and a book of active orders.
- Binance Exchange Fees
- The fees on the Binance exchange are as follows:
- 5% commission for payment card transfers;
- No commissions for ACH transfers;
- 50% commission for selling and buying crypto;
Trading commissions are a maximum of 0.1% (can be reduced to zero for holders of a sufficient amount of BNB exchange tokens).
Binance boasts the lowest trading fees among crypto exchanges. However, there is a certain relationship in the amount of maker/taker fees. Holding Binance Coin’s native crypto tokens entitles users to a reduction in exchange commissions. It is also worth noting that high-volume trades are subject to low commissions.
Security of the Binance exchange
When you sign up for a Binance trading account, we create two-factor authentication (2FA). We can use the Google app or receive a confirmation code via SMS to the selected phone number. Like other high-volume exchanges, Binance also stores surplus cryptocurrencies on disconnected hardware wallets, minimizing losses in the event of a potential hack. The provider offers a high level of security, however, the level of trust in the platform is decreasing due to accusations of money laundering.
- Advantages and disadvantages of the Binance exchange
- Advantages of the Binance exchange:
- A huge amount of cryptocurrencies (more than 350);
- Multiple trading options;
- Very low commissions.
- Disadvantages of the Binance exchange:
- Difficult to use trading platform;
- No built-in cryptocurrency wallet;
- The problem with financial regulation in some countries, the exchange has been suspected of tax fraud by the US SEC.
Binance Cryptocurrency Exchange 2025 – Summary
Despite Binance being the most popular exchange with the highest trading volume in the world, the Chinese operator has been banned from operating in many countries. For many investors, this fact is a cause for concern. It is also worth noting that although the platform tempts with low commissions, it may prove too complicated for novice traders. Binance will be the best choice for experienced crypto users who are looking for a place with access to as many digital coins as possible.