Binance
The world's largest crypto exchange by trading volume, with the broadest token selection.
Binance Referral Code & Link
No referral code or link is currently available for Binance.
Quick Summary
Binance is the largest cryptocurrency exchange globally by trading volume, offering an extensive selection of cryptocurrencies, generally the lowest fees among major exchanges, and a broad suite of trading products including futures and staking. Its scale and low fees have made it the default choice for serious traders globally, though regulatory scrutiny in multiple jurisdictions, including a 2023 settlement with US authorities, has shaped its market access and reputation.
Binance at a Glance
| Category | Crypto Exchanges |
|---|---|
| Pricing model | Freemium |
| Starting price | 0.1% maker/taker fee (spot trading) |
| Platforms | Web, iOS, Android |
| Editorial rating | ★ 4 / 5 |
| Launched | 2017 |
| Headquarters | George Town, Cayman Islands (originally Hong Kong/China) |
| Best for | The world's largest crypto exchange by trading volume, with the broadest token selection. |
| Community votes | 512 |
Pros
- Largest selection of tradeable cryptocurrencies among major exchanges
- Generally the lowest trading fees among large, established exchanges
- Comprehensive product suite spanning spot trading, futures, staking, and savings products
- Highest trading volume and liquidity, generally resulting in tighter bid-ask spreads
- Native BNB token offers further fee discounts when used to pay trading fees
Cons
- 2023 US regulatory settlement and CZ's guilty plea raise legitimate compliance concerns for risk-conscious users
- Available features and tokens differ significantly between global Binance and the more restricted Binance.US
- Less suited to highly risk-averse users prioritizing the most conservative regulatory positioning
- Customer support quality varies and has drawn criticism during high-volume trading periods
- Headquartered offshore (Cayman Islands) rather than under a single major jurisdiction's primary oversight
Binance Pricing Plans
Official pricing as published by Binance. Verify current rates before purchasing.
Standard Trading
0.1% maker/taker fee (spot trading)
- Largest selection of tradeable cryptocurrencies
- Spot and futures trading
- Staking and savings products
Binance.US
0-0.6% varies by tier
- US-compliant subset of features
- More limited token selection
- Separate regulatory entity
Binance is the largest cryptocurrency exchange globally by trading volume, offering an extensive selection of cryptocurrencies, generally the lowest fees among major exchanges, and a broad suite of trading products including futures and staking. Its scale and low fees have made it the default choice for serious traders globally, though regulatory scrutiny in multiple jurisdictions, including a 2023 settlement with US authorities, has shaped its market access and reputation.
What Makes Binance Stand Out
Largest selection of tradeable cryptocurrencies among major exchanges. Generally the lowest trading fees among large, established exchanges
Comprehensive product suite spanning spot trading, futures, staking, and savings products
Pricing and Plans
Binance offers a free tier that provides meaningful value for individuals and small teams, with paid plans unlocking additional capabilities as needs grow.
Who Should Use Binance
Binance is best for teams and individuals who need crypto exchanges capabilities and where largest selection of tradeable cryptocurrencies among major exchanges. It may not be the right fit when 2023 us regulatory settlement and cz's guilty plea raise legitimate compliance concerns for risk-conscious users.
Verdict
Binance delivers on its core promise as a crypto exchanges tool. Binance is the largest cryptocurrency exchange globally by trading volume, offering an extensive sel... For teams evaluating crypto exchanges options, Binance is worth considering based on its specific strengths and how they align with your requirements.
Overall rating: 4.2 / 5
Binance is the world's largest cryptocurrency exchange by trading volume — processing over $76 billion in daily trading volume across hundreds of spot trading pairs, derivatives, futures, and decentralized finance products. Founded in 2017 by Changpeng Zhao (CZ), Binance grew from zero to global market leadership in under two years through aggressive product expansion, competitive fees, and deep liquidity.
Trading Pairs and Market Coverage
Binance offers over 600 spot trading pairs spanning major cryptocurrencies (Bitcoin, Ethereum), altcoins, stablecoins (USDT, BUSD, USDC), and tokens from new blockchain projects. This breadth enables traders to access nascent assets before they list on smaller exchanges, providing early-entry opportunities for higher-risk, higher-reward investments.
Beyond spot trading, Binance operates one of the largest crypto derivatives markets globally — Binance Futures offers perpetual and quarterly contracts with up to 125x leverage. This derivatives depth attracts professional traders and institutions who use Binance's liquidity for price discovery and hedging.
Fee Structure: The BNB Discount System
Binance's standard spot trading fee is 0.1% for both maker and taker — already among the lowest in the industry. Users holding Binance Coin (BNB) receive a 25% discount, reducing effective fees to 0.075%. VIP tiers reduce fees further based on 30-day trading volume, with tier 9 reaching 0.02% maker / 0.04% taker.
This fee structure rewards loyal, high-volume traders significantly. A trader processing $1M monthly at the 0.075% BNB rate pays $750 per month — substantially less than many competitors. For retail traders, the 0.1% base rate is still competitive enough to make Binance a first-choice venue.
Ecosystem: Beyond the Exchange
Binance has built an extensive ecosystem beyond spot trading:
Binance Smart Chain (BSC/BNB Chain): A parallel blockchain enabling DeFi applications, NFT markets, and token launches, directly competing with Ethereum. BSC hosts PancakeSwap and hundreds of DeFi protocols with significantly lower gas fees than Ethereum.
Launchpad: A token sale platform where Binance-curated new projects sell tokens to BNB holders. Launchpad participation historically provided significant returns on investment, making BNB holding attractive for retail investors seeking early access to new projects.
Binance Earn: A suite of savings, staking, and yield farming products enabling passive income on crypto holdings — from simple savings accounts to locked staking with higher yields.
Regulatory Position
Binance operates in a complex regulatory environment globally. The exchange has faced regulatory scrutiny in the US, UK, Germany, Japan, and other jurisdictions. Binance.US (a separate entity for US users) offers reduced product access compared to the international exchange. In 2023, CZ stepped down as CEO as part of a $4.3B settlement with US authorities — the largest crypto enforcement action in history.
This regulatory complexity means available products vary significantly by location. Users outside high-restriction jurisdictions (primarily US and EU) access the full international exchange. US users are directed to Binance.US with significantly fewer trading pairs and products.
Who Should Use Binance
Active traders wanting maximum liquidity and product depth benefit from Binance's unmatched trading volume and pair coverage. BNB holders seeking the Binance ecosystem (Launchpad, BNB Chain DeFi, fee discounts) have clear incentives. Users in supported international markets access the most complete crypto trading platform available anywhere.
US users face a restricted experience on Binance.US — Coinbase or Kraken often provide better compliance certainty in the US market. Users prioritizing regulatory safety may prefer Kraken or Gemini's more conservative compliance posture.
Overall rating: 4.1 / 5
Best Alternatives to Binance
2 alternatives listed. Looking for a Binance alternative? Here are the top options our community recommends, ranked by popularity and editorial score.
Quick comparison: Binance vs Coinbase
| Feature | Binance | Coinbase |
|---|---|---|
| Pricing | Freemium | Freemium |
| Platforms | Web, iOS, Android | Web, iOS, Android |
| Editorial rating | ★ 4 / 5 | ★ 4 / 5 |
| Community votes | 512 | 478 |
The most widely trusted US crypto exchange, publicly listed and heavily regulated.
A security-focused, long-established exchange with a strong compliance track record.
Frequently Asked Questions
Common questions about Binance, answered by our editorial team.
- Is Binance legal and safe to use in the US?
- Binance.US is a separate entity operating specifically to comply with US regulations, offering a more limited subset of tokens and features than global Binance, which US residents generally cannot access directly. Following the 2023 settlement, Binance operates under strengthened compliance commitments, though risk-conscious US users should understand the regulatory history before depositing significant funds.
- Why are Binance's fees lower than Coinbase's?
- Binance's massive global trading volume and liquidity let it operate profitably at lower fee percentages than smaller exchanges, and its standard 0.1% maker/taker fee undercuts Coinbase's standard interface significantly, though Coinbase's Advanced Trade interface narrows this gap considerably for cost-conscious Coinbase users.
- What happened with Binance and US regulators in 2023?
- Binance settled with US authorities in 2023 for approximately $4.3 billion over anti-money-laundering and sanctions compliance failures, with founder Changpeng Zhao stepping down as CEO and pleading guilty to related charges personally. Binance continued operating globally under new leadership with committed compliance improvements following the settlement.
- Is Binance worth it?
- Binance is worth evaluating if your team needs crypto exchanges capabilities. The rating of 4.2/5 reflects its strengths and areas for improvement — consider trialing it against alternatives before committing.
- What are the main advantages of Binance?
- Binance stands out in the crypto exchanges category for its core feature set and the specific strengths that define its market position. Teams that align with these strengths tend to find it valuable.
- How does Binance compare to alternatives?
- Binance competes in the crypto exchanges market with a specific positioning. It is best evaluated against alternatives based on your specific requirements, team size, and budget.
- What is a referral bonus on Kreemhunt?
- A referral bonus is an incentive — like bonus credit, a discount, or extra features — that a software vendor offers when someone signs up through a referral link or code instead of going to the product directly. Kreemhunt tracks which of the tools we cover currently have an active referral arrangement, like Binance, so you don't have to hunt for one yourself.
- Does Binance currently have a referral code or link?
- Not at the moment. Kreemhunt doesn't have a tracked referral code or link for Binance right now — this page will update automatically if one becomes available, so it's worth checking back before you sign up.
- Does using a referral link cost me anything extra?
- No. Using a referral link or code to sign up for Binance costs the same as signing up directly — in most cases referral programs are designed so the new user gets a bonus and the referrer gets a reward, with no markup passed on to you.
- How do I claim Binance's referral bonus?
- There's no active referral bonus for Binance tracked on Kreemhunt right now. Once one becomes available, it'll appear in the referral box on this page along with instructions for claiming it.
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