Binance

Binance

By: Binance.com.

While this platform offers a straightforward way to exchange or trade various cryptocurrencies, it doesn’t provide any useful information for the users about the platform itself. Users can only learn how to use the platform after they decide to sign up for an account. The fee structure differs from currency to currency, and it may cause confusion for new users. It is mostly web-based and it doesn’t offer native desktop software for various platform.

Web Visibility: 63.63%
Based on 16 Votes
Top Binance Alternatives
  • Coinbase
  • Bitfinex
  • EXMO
  • BitMEX
  • LocalBitcoins
  • BitBay
  • Remitano
  • UPHOLD
  • Bitso
  • YoBit
  • Luno
  • Bitstamp
  • BTer
  • Bitconnect
  • bitFlyer
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Top Binance Alternatives and Overview

1

Coinbase

Despite having its share of cons, this platform is still a great way to deal in Bitcoins— courtesy the expansive client base and a user-friendly interface.

By: Coinbase
Based on 16 Votes
2

Bitfinex

Allows you to trade your bitcoin and a few cryptocurrencies, as well as exchange them, using the largest and most advanced platform.

By: iFinex Inc.
Based on 16 Votes
3

EXMO

Provides a simple and secure platform to trade and exchange bitcoins and other cryptocurrencies.

By: EXMO FINANCE LLP
Based on 1 Vote
4

BitMEX

By: BitMEX
Based on 12 Votes
5

LocalBitcoins

Allows you to search for buyers or sellers of bitcoins and perform the bitcoin transaction quickly, securely, and privately.

By: LocalBitcoins.com
Based on 15 Votes
6

BitBay

This service might offer various features for one free account that you make, but it also has higher maker and taker fees than most other bitcoin exchange and trade services.

By: Pinewood Holdings Limited
Based on 3 Votes
7

Remitano

Although trading covers a wide array of investment options, the one that has won most...

By: Remitano
Based on 1 Vote
8

UPHOLD

Exchange rates might be low for some currencies, but certain currencies might require you to...

By: Uphold, Inc.
Based on 19 Votes
9

Bitso

The website itself opens in Mexican language by default, unless you choose English as your...

By: Bitso SAPI de CV.
10

YoBit

The trading platform is available in English, Mandarin, and Russian...

By: YoBit
Based on 2 Votes
11

Luno

The platform also doesn’t give a complete information regarding fees of using this platform...

By: LUNO
Based on 4 Votes
12

Bitstamp

With currencies like Euros, Swiss Francs, Dollars and Pounds accepted, you can buy bitcoins once...

By: Bitstamp Ltd.
Based on 3 Votes
13

BTer

While it might be convenient for some users, this market segmentation can be quite confusing...

By: BTER
14

Bitconnect

Only some countries have local bitconnect sites, and thus, all other users need to use...

By: bitconnect.co.
15

bitFlyer

By: bitFlyer
Based on 1 Vote

Binance Review and Overview

Amongst so many currency trading platforms, Cryptocurrency is having a big-time with the market for sleek anonymous transactions. Among them, Cryptocurrency exchanges are the centers that provide international transactions for cryptocurrency. Binance began in 2017 with headquarters in China, which were later shifted to Malta, EU, for a trade-friendly environment.

Binance is a topnotch cryptocurrency exchange platform that offers services for various cryptocurrency exchange and other trades. It has an average volume of over 1.2 Billion, with 1400k+ transactions per second and with 24/7 support. All of this is done at a low trading cost of 0.1% with Binance Coin.

Binance Exchange

Binance Exchange has one of the best UI for cryptocurrency. The UI is designed to give a quick idea on various items like current stocks, market rates, high/low volume in the past day, trade history, fluctuation of various currencies, exchange rates, margins, stop limit, and stop market calculations too.

Once the account is made, you can fund the account and begin trading. Users can even trade-in pairs with cryptocurrencies like BTC, Ethereum, Bitcoin Lite, BNB, etc. The transaction fees are charged in the form of Binance Coins. Binance destroys a portion of its currency each quarter, thereby creating a shortage, which then increases its value for the holders.

Binance Secondary Services

Although Binance Exchange is the leading service or product of Binance, they provide other services too across the globe. Binance offers a free of cost cryptocurrency tutorial program called Binance Vision. It offers video as well as full guide-based tutorials to understand blockchain and cryptocurrencies.

Binance Charity is its charity program to help underprivileged across the globe via food, clothing, and other medical help. It has new programs that raised $230k for refugees in Uganda and $1523k for Australian Bushfires, which are still being funded. These charities are under the monitoring of Malta Community chest fund, FCSSC, and such organizations.

Binance Labs offer to fund for startup programs. The Binance Launchpad offers a fundraising platform as Token Sales. It has about 17 names in the lottery section. Binance Research is a Ph.D. version of Binance Academy providing much detailed insight into cryptocurrencies. Lastly, Trust Wallet is their mobile application that offers to save various cryptocurrencies, with high encryption security and anonymity.

Overall, Binance has genuinely been a one-stop solution for all the cryptocurrency exchange needs. The services, its UI, and the security features are excellent too. To date, only one instance of hacking occurred in May 2019, stealing 7000 BTC, even after which Binance didn’t stop and continued providing services with better security and anonymity.

Company Information

Company Name: Binance.com.

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