Binance

Binance review - is it safe or scam?

Updated: 22, September 2018, 13:47

Easy

ease of use

Trusted

reputation

Average

fees

Binance is a fast-growing crypto to crypto trading platform based in China. The exchange has become very popular in the last months and offers crypto to crypto exchange. You will find a large variety of coins (currently it's over 100!) and lots of trading pairs on the site. They also add new coins regularly and registering on this platform is easy and can be done anonymously.

Binance doesn't take Fiat currencies but deposit in form of cryptocurrency. The exchange is fairly new but gained fast popularity through their own ICO and due to very low trading fees or generally speaking, low transaction fees. Binance is quite easy to use even if you have not used an exchange of this kind yet, it's clear how to deposit, buy or sell and withdraw.

The site does provide an app, but it can be a bit buggy. Testing out this exchange, we prefer the desktop version. We would also note, that withdraws can take quite a while with this exchange, so keep that in mind and don't get nervous when withdrawing your coins.

Overall, Binance is a good and solid exchange and convinces with a large number of coins and trading pairs, a high exchange volume, and a good-to-use interface.


Ease of Use
Reputation
Fees
Volume
Security
Binance
2018

LANGUAGES

DE, EN, ES, FR, JA, RU, ZH

ORIGIN COUNTRIES

Hong Kong

PROS

  • +Most trusted Altcoin Exchange
  • +Over 140 currencies available
  • +High liquidity
  • +Avg. fees on transactions and withdrawals
  • +Multi-language support

CONS

  • -Delays with withdraws
  • -App can be buggy
  • -Some data will be stored
REGISTER AT Binance