Binance.com Review (Is Binance ‘BNB’ Legit Or Scam)

• Web Address: Binance.com(BNB)
• Main location: Cayman Islands
• Deposit Methods: SEPA & Bank transfer (ACH), PayID, Debit card, Credit card, SWIFT, Cryptocurrency
• Deposit Fees: Varies depending on currency and deposit method (0% – 3.50%)

• Trading Fees: 0.015% – 0.1%
• Fiat Currencies: USD, GBP, EUR, CAD, AUD, HKD, JPY & 35 more
• Cryptocurrencies: BTC, ETH, XRP, LTC, BCH, EOS, XMR, TRX, XLM, NEO & 600+ more
• Mobile app: Yes Click Here To Register

My Overall Thought

Binance is a feature-packed exchange that is perfect for experienced crypto traders and investors, as there are plenty of trading tools and options available. For a beginner, I admit it can be a little overwhelming, but once you get the hang of it you will realise why Binance is such a great platform. These are the top 3 reasons why I like Binance:

1) has extremely low fees, which it can offer because of the huge amount of trading volume and the large customer base it has. The base rate for buying and selling coins on the market is just 0.1%, which can be further reduced. The easiest way to receive a discount on your fees if paying your fees using BNB (Binance’s own token). You automatically receive 25% off the fee when using BNB. That means instead of paying 0.1% for a trade, it will be only 0.075%! Additionally, if your 30-day trading volume is high, and you own a certain amount of BNB coins, then you receive further discounted trading fees.

2) There are over 600+ cryptocurrencies available on Binance, and they are regularly adding new coins. You are almost certain to find a coin that you want to invest in. Another great new feature is that you can even buy NFTs now on Binance.

3) Has a wealth of trading options and tools including Spot trading, Margin trading, P2P exchange, and Futures. Experienced traders will enjoy the detailed charts available on the platform, and the use of limit orders and stop-limits.

One thing that Binance is lacking is a Live Chat feature. If you are an experienced crypto trader you may not find it an issue, but for new users it can be frustrating encountering problems and not being able to speak to someone to resolve it. I think that customer service is an area that Binance could improve in the future.

Overall, if you are looking for extremely low fees, tons of features, and a wide range of cryptocurrencies, Binance is an exchange you should consider.

Key Features & Advantages of Binance

Binance has so many features that make it one of the most popular crypto exchanges in the world. Here is a list of the best features Binance has to offer:

• Extremely low fees of 0.1%, with discounts if you pay with BNB
• Over 600+ different cryptocurrencies to buy, sell or trade
• Android and iOS mobile apps available
• Advanced, Classic and Basic trading interfaces to suit your needs
• Earn – grow your crypto
• Visa Card – spend your crypto anywhere using a card
• P2P exchange – trade directly with others on your own terms
• Loan allows users to borrow crypto
• NFT marketplace to buy and sell NFTs
• Margin trading with up to 10x leverage
• Trade Futures and Derivatives

What Services Does Binance Offer?

If you have done some research on the best crypto exchanges, you will probably find that there are so many options and it can be hard to decide on one. I am going to expand on the best services offered on Binance so you can see if it’s the right exchange for you.

Over 600+ different cryptocurrencies to buy, sell or trade: Binance offers over 600+ different cryptocurrencies which is one of the widest offerings available around the world. As the largest crypto exchange in the world based on trading volume, you know that the liquidity will be high, so you will be able to buy and sell any coin easily on their platform.