Welcome to our overview of Binance in 2025. For those unfamiliar, Binance is a popular cryptocurrency exchange designed for all crypto investors. If you’re into crypto, you’ve probably heard of this exchange. Heck, you might even have an account there. Binance, the world’s biggest crypto exchange by trading volume, has quickly built its reputation since its inception in 2017. Does the crypto exchange live up to the hype? This is your ultimate Binance guide.
Before we answer many questions and explain the key features of Binance, we will give you a quick history and a brief comparison of Binance vs competitors.
- Wide selection of cryptocurrencies
- With trading fees starting at just 0.1%, Binance is among the most cost-effective exchanges in the market
- Features like two-factor authentication (2FA) and SAFU provide high level of security
- World’s biggest crypto exchange by trading volume
- Regular token burns, airdrops, and voting for new coin listings keep the community engaged
- Withdrawal limits for users who don’t complete Know Your Customer (KYC) verification
- While available, customer support can sometimes be slow
- It still lags behind some other exchanges that offer a broader range of fiat currencies
Binance Overview
Founded in 2017 by the enigmatic Changpeng Zhao, better known as CZ on Twitter, Binance has become synonymous with the word “crypto exchange.” Nowadays, the crypto exchange without headquarters (although officially based in Malta) is often considered one of the largest platforms in terms of daily trading volume, operating with more than the next 12 crypto exchanges combined. Today, Binance offers more than 400 cryptocurrencies to its customers and a whole ecosystem of crypto services: from a start-up platform exclusively for entrepreneurs to data-driven insights, a trusted wallet, and blockchain software supported by the community, academies, and even charities.
If you are considering joining Binance for your cryptocurrency investing needs, read our overview of Binance in 2025 first to help you get started. We’ve covered everything you need to know, such as how Binance works, how to open an account, what fees you can expect, which cryptocurrencies you can trade, and other relevant aspects.
Binance: History
The year is 2017. Bitcoin is making headlines, ICOs are the new IPOs, and amidst this crypto craze, a new player enters the arena—Binance. With a resume that boasts stints at Blockchain.info and as a co-founder of OKCoin, CZ was no stranger to the crypto sphere. Binance started its journey with a $15 million ICO. While most companies spend their first year finding their footing, Binance hit the ground running. Within five months of its launch, it became the largest crypto exchange in the world by trading volume. How did they do it? A killer combo of low trading fees, a wide range of crypto assets, and a user-friendly interface. Soon, introducing Binance Coin (BNB) was a logical step forward, offering users discounted trading fees. Today, BNB is the 6th largest crypto in the world by market cap (excluding the stablecoin USDT).
Fast forward to 2018, and Binance was already setting its sights beyond being a mere trading platform. Enter Binance Launchpad, the platform’s token launch service, which gave birth to several successful projects like BitTorrent Token (BTT) and Polygon (MATIC). Binance also dipped its toes into the decentralized exchange (DEX) waters with Binance DEX and launched its blockchain, the long-anticipated Binance Smart Chain (BSC).
Hacker Attacks
In May 2019, the crypto community was rocked by news of a security breach at Binance. Hackers managed to steal 7,000 BTC, worth around $40 million at the time. While this could have been a death knell, Binance solved the issue fast. With transparency and swift action, CZ took to social media to address the issue head-on. Binance used its Secure Asset Fund for Users (SAFU) to cover the losses, ensuring that no user funds were affected. The platform also undertook a comprehensive security overhaul to fortify its defenses.
The years 2020 and 2021 saw Binance in a complex dance with regulators. From moving its headquarters to Malta to facing scrutiny from various countries, Binance has been agile in navigating the regulatory landscape.
Registration: Binance KYC Process Step-by-Step Tutorial
The registration process on Binance is user-friendly and simple. If you want full trading experience, you must complete the Know-Your-Customer (KYC) verification, which we will also explain below. Here are the steps:
- Visit the official website: Go to the Binance homepage and click »Register« in the top right corner. Binance offers two registration options: using your email address or your mobile number. Choose the one that suits you best. If you’re going for email, ensure it’s secure and not shared with anyone else.
- Set a strong password: Use uppercase, lowercase, numbers, and symbols. The stronger, the better. Binance will often show a password strength meter to guide you. Once you’ve entered your email or mobile number and chosen a password, Binance will send you a verification code.
- Enable two-factor authentication: To secure your account further, Binance will ask you to set up two-factor authentication (2FA). You will need to install an app like Google Authenticator on your phone. Then, every time you want to log in – or perform key account functions such as requesting a withdrawal – you’ll need to enter a unique code that can only be found on your phone.
- Solve CAPTCHA: Before finalizing your registration, you’ll be asked to slide a puzzle piece into a slot (it’s a fun little CAPTCHA). This ensures you’re not a robot and keeps automated bots at bay.
- Complete registration: Congratz, you’ve successfully created a Binance account.
Binance: Offerings
This fantastic crypto exchange offers its users a large number of offerings. Before we continue, we want to remind you that you should never stake more than you are willing to lose. Crypto trading can often be awkward and similar to playing casino games.
1. Spot Trading – Over 500 Crypto Pairs
This is the bread and butter of any crypto exchange. Binance offers a massive range of cryptocurrencies for spot trading—over 500 pairs. While the major “players” are, of course, supported – mainly Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and DOT, Binance also offers a wide selection of altcoins. The user-friendly interface offers both Basic and Advanced views to cater to traders of all experience levels.
2. Futures and options
If spot trading is too vanilla for you, Binance has covered you with its Futures and Options markets. Here, you can trade contracts rather than actual cryptocurrencies, allowing you to profit from both rising and falling markets. But be warned: these are high-risk, high-reward products that are not for the faint-hearted.
- Leverage trading: The Szechuan sauce of crypto trading, leverage trading adds that extra kick to your potential profits (or losses, so tread carefully). Binance allows you to leverage your trades up to a whopping 125x. This means you can multiply your exposure to price movements, but remember, with great power comes great responsibility. Leverage can amplify your gains, but it can also magnify your losses. So, use it wisely.
3. Binance Earn
Looking for a more passive approach to crypto? Enter Binance Earn, a financial product that allows you to earn interest on your crypto holdings. From staking to fixed deposits, Binance Earn offers a variety of options to grow your portfolio without lifting a finger. It’s like a savings account but for crypto. You can use Binance Earn in 3 different ways:
- Savings: the safest way to earn money. Stake or lend your cryptocurrency and earn interest on it. You can withdraw the amount at any time.
- Locked staking: Stake your cryptocurrency holdings for a locked period. You can earn more interest than with the Savings option, but if you withdraw your money before the end of the locked period, you lose any interest earned. This is an excellent option if you don’t need immediate access to your coins and want to earn some juicy interest.
- Launchpool: When a new crypto token is released, you can join the launch pool, invest your current cryptocurrencies, and earn interest in the form of new coins that will potentially be worth more.
4. Binance Smart Chain (BSC)
For DeFi enthusiasts, the Binance Smart Chain is a game-changer. It offers a cheaper and faster alternative to Ethereum for building decentralized apps. With its dual-chain architecture, BSC provides the best of both worlds: the speed and low fees of a centralized platform and the flexibility and security of a decentralized network. From yield farming to NFT, BSC has become a hotbed for DeFi innovation, offering a user-friendly experience that even crypto newbies can navigate.
5. Launchpad
Next on our list is Binance Launchpad, the platform’s incubator for new crypto projects. Remember the days when ICOs were the Wild West of crypto? Well, Binance has tamed that frontier with Launchpad, offering a curated selection of promising projects for users to invest in. It’s a complete ecosystem that provides projects with the resources, guidance, and exposure they need to succeed. For investors, this means access to some of the most innovative and vetted projects in the crypto space. It’s like venture capitalism but without the suit and tie.
6. Binance Card
Binance Card is a product bridging the gap between the crypto world and everyday spending. Imagine walking into a coffee shop and paying for your latte with Bitcoin. Sounds like a dream, right? Well, with the Binance Card, it’s a reality. This crypto debit card allows you to spend your digital assets like with fiat currency. There is no need to convert your crypto to cash; the card does it in real-time. The Binance Card comes with a slew of perks that make it a must-have for any crypto enthusiast:
- Cashback rewards in Binance Coin (BNB),
- Zero transaction fees,
- Ability to spend in over 60 million locations worldwide.
Plus, it’s all managed through the Binance app, giving you complete control over your spending, including real-time notifications and security features like card freezing. It’s like having a mini Binance exchange right in your pocket.
7. Binance NFT Marketplace
If you’ve been living under a rock and haven’t heard of NFTs or Non-Fungible Tokens, they’re unique digital assets verified using blockchain technology. From digital art to collectibles, NFTs have taken the world by storm, and Binance is right at the forefront with its own NFT marketplace.
Now, you might ask yourself – what sets Binance’s NFT platform apart? For starters, it offers one of the lowest transaction fees in the industry, making it accessible for creators and collectors. But it’s not just about buying and selling; the Binance NFT Marketplace is a hub for artists and fans to connect, featuring exclusive collaborations and themed collections. Whether you’re an artist looking to mint your masterpiece or a collector searching for the next big thing, Binance NFT might be your go-to destination.
How to Trade on Binance?
Binance offers a variety of trading tools to cater to experienced and less experienced users. Additionally, for trading, you can use the Binance App, website, or desktop app. Users can access their portfolios and trade history or simply place several different types of orders. Let’s see how to trade on Binance safely in 2025.
Step 1: Fund Your Account
Before starting trading, you’ll need some crypto in your Binance account. Head to the »Wallet« section and choose »Fiat and Spot«. Here, you can deposit either fiat money or cryptocurrency. If you’re new to the game, you might want to start with a fiat deposit through a bank transfer or credit card. For crypto veterans, simply send their chosen cryptocurrency to the corresponding Binance wallet address.
Step 2: Select the Trading Option
Once your account is funded, it’s time to hit the trading floor. Go to the “Trade” tab at the top and choose between “Basic,” “Advanced,” or “Classic” trading interfaces. If you’re new, “Basic” is your best bet. It offers a simplified layout while providing all the essential tools you’ll need.
Step 3: Choose Your Trading Pair
In the trading interface, you’ll see a search bar on the right where you can select the cryptocurrency pair you want to trade. For example, if you’ve deposited Bitcoin and want to buy Ethereum, you’d choose the BTC/ETH trading pair.
Step 4: Place Your Order
Binance offers several types of orders, including “Market,” “Limit,” and “Stop-Limit” orders. Choose the type that best suits your trading strategy:
- Market orders will buy or sell immediately at the current market price.
- Limit orders will only execute at the price you set or better.
- Stop-limit orders become active only after a specific price is reached.
Step 5: Confirm and Execute
Once you’ve inputted all the details, double-check to ensure everything is correct. Hit the “Buy” or “Sell” button to execute your trade. A confirmation message will pop up, and if all goes well, your order will be fulfilled.
Step 6: Monitor and Manage
Congratulations, you’ve made your first trade. Now, keep an eye on your open positions and be prepared to adjust your strategy as the market changes. Crypto exchange Binance offers tools for setting stop-losses or taking profits at certain levels, so make use of them to manage your trades effectively.
Binance Coin (BNB) and Its Benefits
Binance Coin, commonly known as BNB, was launched in 2017 as part of Binance’s initial coin offering (ICO). Initially an ERC-20 token on the Ethereum blockchain, BNB later migrated to Binance’s own blockchain, Binance Chain. Fast forward to today, and BNB is more than just another cryptocurrency. It’s a cornerstone of the Binance ecosystem.
BNB is like the Swiss Army knife in your crypto toolkit. It’s versatile and functional and offers a plethora of use cases. Let’s break down some of the key benefits:
- Trading fee discounts: Holding BNB in your Binance account gives you trading fee discounts. The more BNB you hold, the less you pay in fees. It’s like a loyalty program, but you’re saving cold, hard crypto instead of earning points.
- Participate in token sales: Remember the days when you had to scour the internet for ICOs? Those days are long gone, thanks to Binance Launchpad. Well, holding BNB is your ticket to participate in these exclusive token sales. It’s like having VIP access to the hottest clubs in Crypto Town.
- Staking rewards: If you’re a fan of passive income, Binance has a treat for you. You can stake your BNB tokens to earn rewards. It’s like planting a money tree in your backyard, except it’s digital, and it doesn’t require watering.
- Binance Smart Chain (BSC): BNB is the native token of the Binance Smart Chain, which means you’ll need it for transaction fees if you’re interacting with BSC-based decentralized apps (dApps).
- Governance and voting: Being a BNB holder also gives you a voice in the Binance community. From time to time, Binance holds community votes on various topics, from listing new tokens to implementing features. Your BNB holdings give you voting power, making you an active participant in the ecosystem’s governance.
Is Binance Coin (BNB) a Good Investment?
BNB has settled its place among the top 10 cryptos in the world by market cap. After its ICO price of around $0.10, BNB spent much of its early life hovering below the $10 mark. But fast forward to 2021, and we saw it skyrocket to an all-time high of over $600. That’s a hefty increase that would make even Bitcoin blush. But it’s not just about the numbers; it’s about the consistency. BNB has consistently ranked among the top 10 cryptocurrencies by market cap, and its price resilience during market downturns has been commendable.
While we can’t offer financial advice, we can say that BNB’s historical price performance and expanding utility make it a token worth watching. If you’re considering adding BNB to your portfolio, make sure to do your own research.
Fees
Fees are one of the most important factors when choosing the proper crypto exchange for us. And it’s safe (pun intended) to say that Binance offers a very competitive fee structure for everyone. Let’s dive in.
- Trading fees: Binance operates on a tiered fee schedule based on your 30-day trading volume. For the average Joe trading less than 50 BTC monthly, the maker fee is 0.1%, and the taker fee is also 0.1%. But here’s where it gets interesting. The more you trade, the less you pay. High-volume traders can see their fees drop as low as 0.02% for makers and 0.04% for takers.
If you want to cut those fees even further, Binance Coin (BNB) is your best friend. By holding BNB in your account, you can opt to pay fees with it, slashing the standard trading fees by 25%. And let’s be honest, every little bit counts in the fast-paced world of crypto trading.
- Withdrawal fees: You’ve made trades and are ready to pull out some hard-earned crypto. What’s it going to cost you? Well, withdrawal fees on Binance vary depending on the cryptocurrency. For Bitcoin, the withdrawal fee is 0.0005 BTC, which is relatively competitive compared to other exchanges. For Ethereum, it’s 0.01 ETH. The key takeaway? Always check the withdrawal fees for your specific asset; you don’t want any nasty surprises.
For those who like to dabble in futures and options, Binance has a separate fee structure. Futures trading fees range from 0.02% for makers and 0.04% for takers, while options come with a flat fee based on the option’s premium. Again, high-volume traders benefit from reduced fees, so the more you trade, the more you save.
Binance and KYC
Quite expected, Binance is one of the market leaders in terms of security. As the company had to overcome Binance regulatory challenges in the past, today it is proud of its security protocols. The answer is maximum if you wonder how secure Binance is for cryptocurrency trading.
Almost all respectable crypto exchanges require KYC procedures. This has become an industry standard, not only in the crypto world. Many sports betting sites, online casinos, and other online companies with registered users require that this process be completed. Therefore, let’s see what needs to be done to have a completely verified profile on the Binance crypto exchange.
Basic verification requires the following information:
- Country of residence
- Full name
- Type and number of identity card
Binance Mobile App
The Binance Mobile App is quite a masterpiece of design, balancing aesthetic appeal and functional efficiency. Whether you’re a seasoned trader accustomed to candlestick charts or a newbie just looking to buy your first Bitcoin, the app has a mode for you. The ‘Lite’ mode offers a simplified trading experience, while the ‘Pro’ mode gives you all the analytical tools you’d expect on a desktop trading platform. And for those who love trading in the dark (literally), there’s a dark mode that’s easy on the eyes. Binance Mobile App also boasts an extensive range of features.
While the app is a marvel of modern technology, it has quirks. During high-traffic events, some users have reported lag and minor glitches. Additionally, the app’s rich feature set could be a double-edged sword; it might overwhelm newcomers just dipping their toes into the crypto waters.
Customer Support
Customer support is crucial. In a space as volatile and complex as crypto, having a reliable support system is not just a luxury. It’s a necessity. Binance offers many customer support channels, aiming to cater to the diverse needs of its global user base. From a comprehensive FAQ section to 24/7 live chat support, Binance has covered you. But here’s the catch: While their live chat feature promises quick responses, the reality can vary, especially during peak trading hours or high-volatility events. Support tickets, however, can take anywhere from a few hours to a couple of days to resolve.
Security
The first question that pops into the investor’s mind upon buying crypto is – is my investment safe? Binance employs a multi-layered security architecture, which includes everything from two-factor authentication (2FA) to cold storage for most user funds. The platform also uses advanced AI algorithms to detect suspicious activity, providing an extra layer of security.
SAFU: Binance’s Unique Feature
One of the standout features of Binance’s security setup is the Secure Asset Fund for Users (SAFU). Initiated in 2018, SAFU acts as an insurance fund, setting aside 10% of all trading fees to cover potential losses from system flaws or breaches. In the event of a security incident, SAFU kicks in to reimburse users, making it a unique safety net in the crypto space. Well, as crypto enthusiasts, we can say kudos to Binance for this innovative approach.
While Binance’s security measures are robust, they’re not infallible. The platform suffered a significant security breach in May 2019, resulting in a loss of 7,000 BTC. However, it’s worth noting that Binance handled the situation transparently and used the SAFU fund to cover the losses, ensuring no user funds were affected. This incident serves as both a cautionary tale and a testament to the effectiveness of SAFU.
Final Verdict
Here, we hope we have provided you with a comprehensive review of Binance, the crypto behemoth that’s become a household name. From its robust trading features and extensive product offerings to its innovative security measures like SAFU, Binance has proven to be a force to be reckoned with in the crypto universe. But let’s not forget that even giants have their weak spots. Whether it’s the occasional hiccup in customer support or the complexities of navigating its myriad of features, Binance is not without its challenges. However, what sets it apart is its relentless drive for innovation and improvement. It’s a platform that listens to its users, continually evolves, and isn’t afraid to venture into uncharted territories—qualities that make it a frontrunner in the crypto race.
Binance trading options and fees are top-notch. So, don’t wait any longer. Register today via out UNIQUE LINK and get a special prize, reserved exclusively for Joker.gg readers!
Share Our Content on Social Networks:
FAQ
Is Binance still trustworthy in 2025?
Absolutely, Binance is as legit as it comes in the crypto world. Launched in 2017, it has quickly risen to become one of the largest and most reputable cryptocurrency exchanges globally, with millions of users and a wide range of services.
How fast can I buy Bitcoin on Binance?
You can buy cryptocurrency instantly with a debit card, bank account, BNB coin or credit card, and the whole process takes seconds to 15-30 minutes.
Can I trade on Binance if I am under 18?
No, to use Binance and be verified, you must be at least 18 years old.
Is Binance good for beginners?
Definitely. Binance offers a user-friendly experience tailored to traders of all levels. For beginners, the platform provides a ‘Lite’ mode, which simplifies the trading interface, making it easier to buy and sell cryptocurrencies. There’s also a wealth of educational resources and a responsive customer support system.
What are the fees on Binance?
Binance offers a tiered fee schedule based on your 30-day trading volume and BNB holdings. The base fee for new users is 0.1% for both maker and taker trades. However, these fees can be reduced by using BNB to pay for trading fees, achieving higher VIP levels, and other methods.
