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Binance review

Binance is currently one of the largest cryptocurrencies in the world in terms of the trading volume. The Hong Kong-based exchange was established in 2017 and within three years it has built its reputation as the most trustworthy exchange boasting over 12 million daily users and a trading volume of more than 2 billion per day. The exchange supports bank wires transactions, credit/debit card purchases and it is one of the best for OTC transactions. More than 23 cryptocurrencies are supported on the exchange for staking rewards. 

Please note that fees may vary based on your country or purchase amount. 

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  • Cheapest in terms of trading fees

 

  • Supports staking bonuses for more than 20 coins with users earning 1%-20% annual interest for keeping crypto in Binance account

  • Permits credit/debit card purchase of bitcoin

  • Users can buy crypto using bank wire

  • Maintains protection fund where they put 10% of profits to act as surety against hacking

  • Binance offers high liquidity and buy orders

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  • Binance has changed its location in the past because of cryptocurrency regulations

  • Numbers of payment options are few

Is Binance the best?

Yes! Binance is a top exchange that processes high volume trades per day than any other exchange globally. Also, the founders have been instrumental in the development of the crypto industry

Binance compared with other exchanges

Besides Binance other exchanges do offer crypto investors and traders options where they can buy bitcoin at the best prices. 

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  • Enjoys daily users of around 2.2 million

  • Daily trading volume on Kraken is between 100-300 mln

  • Trading fees from $0.1%-0.42%

  • OTC Kraken

  • Kraken supports over 30 cryptocurrencies

  • Available in more than 180 countries

  • Daily users at Binance more than 12 million

  • Trading volume per day 10-12 bln

  • Least trading fees 0.1%-0.2%

  • OTC Binance

  • Supports 190+ coins

  • Available in over 180 countries

  • Largest and most trustworthy exchange globally

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  • Boast around 1 million daily users

  • Coinbas’s trading volume more than 500 mln

  • Trading fees 2%

  • Over 20 cryptocurrencies supported

  • Available in 100+ countries

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Disclaimer

The BitcoinGermany24 site is designed to offer insight into bitcoin trading but doesn’t purport to offer financial or investment advice. If you want to understand the risks associated with trading cryptocurrencies always consult an investment or financial professionals. When investing in cryptocurrency trading you should invest what you can comfortably lose. This site doesn’t guarantee any profits for trading in Bitcoins. We do accept partner advertising commissions from cryptocurrency exchanges and crypto wallets