Binance

Binance

Largest exchange by volume with deep liquidity, wide coin selection and BNB fee discounts.

KYC: Yes Spot: Yes Derivatives: Yes Fees: 0.10% / 0.10% Staking P2P market Proof of Reserves Fiat on-ramps

Key facts

Founded
2017
Headquarters
Licenses
Various registrations (regions differ)
Native token
BNB
Max leverage
up to 125x
Coins
350+
Markets
1200+
Fiat support
cards, bank, P2P (regional)
API
REST, WebSocket
Mobile apps
iOS, Android
Copy trading
limited
P2P market
yes

Referral program: Up to ~20% commission (varies by tier)

Overview

Binance is the largest exchange by trading volume and one of the deepest order books across majors. Spot, margin and a full derivatives suite (perpetuals, delivery futures and options) are available in many regions, with restrictions depending on local rules. Fees follow a transparent maker/taker schedule with volume tiers; additional discounts apply when paying with BNB. The platform supports a wide range of fiat on-ramps including cards, bank transfers and a global P2P marketplace. Proof of Reserves dashboards and security features like address whitelisting, device management and 2FA are standard. Mobile apps are mature, API access covers REST and WebSocket endpoints, and advanced order types are supported on both spot and futures. Binance is best for traders who value liquidity and breadth; beginners benefit from a large help center and simple buy flows. Always check regional availability for derivatives before you commit.

Fees & discounts

Fees: 0.10% / 0.10%. Details

Security & Proof of Reserves

  • Proof of Reserves: Yes — PoR
  • 2FA, withdrawal whitelist, device controls

Fiat & payments

  • Fiat on-ramps: Yes
  • Fiat support: cards, bank, P2P (regional)
  • P2P market: Yes

Regulation & availability

  • Licenses: Various registrations (regions differ)
  • KYC: Yes — KYC FAQ

Pros

  • Very high liquidity
  • Low fees with BNB discounts
  • Many markets incl. futures
  • Earn & staking

Cons

  • KYC required for higher limits
  • Regional restrictions

Alternatives