Reviewed by Sam Xu
Melbourne AI Expert
Overview
Binance is the world's leading cryptocurrency exchange, catering to over 270 million registered users in over 180 countries. It offers low fees and over 500 cryptocurrencies to trade, including Bitcoin, altcoins, and other virtual assets. Users can trade on Spot, Margin, and Futures markets, buy and sell via P2P, earn interest through Binance Earn, and access token launches via Launchpool, Airdrop, and Megadrop.
Key Features
- Deep liquidity and low fees for trading.
- Complete range of products including Spot, Futures, Earn, and P2P markets.
- Ability to track crypto live prices, explore new cryptocurrencies, and discover top gaining or losing cryptos.
- Exclusive early access to token launches through Binance MegaDrop and innovative pre-listing projects via Binance Alpha.
- Strong security with the Security of User Assets Fund (SAFU) established in 2018, holding a reserve of 1,000,000,000 USDC as of September 2025.
- Over 500 cryptocurrencies available for trade.
- Earn interest on more than 180+ cryptocurrencies via Binance Earn products.
- Trade, stake, and loan NFTs on Binance NFT marketplace.
- Mobile trading available on iOS and Android apps.
- Identity verification required for buying crypto and trading.
Pros & Cons
Pros
- Deep liquidity and low fees
- 500+ cryptocurrencies
- Strong security with SAFU fund
- Global reach in 180+ countries
- Earn products and staking
Cons
- Huge waste of time, mainly because of the terrible customer support.
- Easy for scammers to cheat you.
- Super slow to execute orders.
- Delay in submitting orders.
- Platform is subject to manipulation, with outcomes influenced by individuals holding substantial amounts of tokens.
- Rigged or arbitrary resolutions.
What Users Say About Binance
Quotes from G2, Reddit, and other public reviews
- 'I've been using Binance for quite a while now' – Reddit user.
- 'Deep liquidity and low fees' – User, Trustpilot.
- 'Largest crypto exchange by trade volume' – Binance.
- 'Over 270 million registered users in 180+ countries' – Binance.
- 'Strong security with SAFU fund' – User review.
- '500+ cryptocurrencies available' – User, Trustpilot.
Pricing
See website
See official website for current pricing.
Affiliate link · Not financial advice
Final Verdict
Binance is a dominant cryptocurrency exchange with extensive features and global reach, praised for liquidity and variety. However, concerns about customer support and potential manipulation persist. This is not financial advice; users should verify compliance and risks.
Affiliate link · Not financial advice
About the Reviewer
Sam Xu
Verified ExpertMelbourne AI Expert • Melbourne, Australia
Sam Xu is a Melbourne-based AI specialist with over 8 years of experience in fintech and AI tool evaluation. He has researched 100+ investment tools and helps traders and investors choose the right technology for their needs.
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