Binance Review 2025: Social Trading, Fees, Pros & Cons

Welcome to CoinReviews’ in-depth look at Binance for 2025. As one of the world’s leading cryptocurrency exchanges, Binance offers a wide range of services for both seasoned traders and newcomers to the crypto space. From trading spots and futures to staking and NFTs, Binance provides a comprehensive platform that goes beyond simple buying and selling.

In this Binance Review, we’ll delve into the latest features, security measures, fees, and more to help you decide if Binance is the right fit for your 2025 crypto journey. Whether your goal is trading, earning passive income, or exploring decentralized finance, Binance remains a top choice.

What is Binance?

Binance is a global leader in cryptocurrency exchanges, renowned for its wide range of services and significant trading volumes. Launched by Changpeng Zhao (CZ) in 2017, Binance now serves over 200 million users across more than 100 countries. With an average daily trading volume of approximately $20 billion (according to CoinMarketCap), it remains the largest crypto platform by trade volume.

Initially based in China, Binance quickly relocated to Japan due to regulatory challenges in China’s cryptocurrency sector. The exchange then expanded to Taiwan and later Malta, choosing locations with more favorable regulatory environments to support its global growth.

What is Binance? Binance is trusted by many investors

Binance’s product offerings are vast, including:

Binance Exchange: The largest by trade volume, supporting spot, margin, and futures trading.
Binance Square: A community platform similar to Twitter (X) for discussions.
Binance NFT: The official marketplace for trading, staking, and loaning NFTs.
Binance Charity: Utilizing blockchain to enhance transparency and efficiency in charitable donations.
Binance Academy: An educational hub offering blockchain and cryptocurrency resources in over 10 languages.
Binance Research: Providing detailed insights and analysis, catering to both institutional and retail investors.

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Company Overview

Binance, founded in 2017 by software developer Changpeng Zhao, began as a decentralized cryptocurrency exchange initially headquartered in China. Today, it stands as the world’s largest crypto exchange by trading volume. In 2022, Binance made headlines by offering to acquire FTX, another major cryptocurrency exchange. However, just a day after the offer, on November 9, 2022, Binance withdrew, citing concerns over FTX’s financial health after conducting a review.

Binance faces regulatory challenges across multiple countries. In the United States, the exchange has admitted to authorities that it failed to comply with anti-money laundering regulations and did not register as a money-transmitting business. As a result, Binance has been banned in several regions.

While Binance offers access to hundreds of cryptocurrencies for its global users, it’s essential to understand that the global platform differs from its U.S. version, Binance.us, which supports around 150 cryptocurrencies. Though experienced traders may benefit from the broad range of offerings, some users may find the platform complex due to its many features. Furthermore, ongoing investigations and regulatory issues continue to raise concerns for potential users.

Binance Review: Pros & Cons Explained

Pros Explained

More than 150 tradable cryptocurrencies for U.S. customers: According to our Binance Review, U.S. users have access to over 150 cryptocurrencies, offering traders and investors a broad selection of options. For those outside the U.S., the global platform provides even more choices.

Low fees: Binance is known for its competitive fees, allowing traders to retain more of their profits. This makes it attractive to both new and experienced users.

Wide selection of trading options and order types: As highlighted in our Binance Review, the platform provides a variety of trading options, such as peer-to-peer, spot, and margin trading. Users also have access to multiple order types like limit, market, stop-limit, stop market, trailing stop, post only, and one-cancels-the-other orders. However, some options, such as margin trading, are unavailable to U.S. users.

Cons Explained

U.S. version is more limited: The global version of Binance offers hundreds of cryptocurrencies, but as our Binance Review notes, the U.S. platform is more restricted. Binance.us is available in only 38 states and has fewer coin options compared to its global counterpart.

The platform is complex and may be confusing: While Binance’s vast features and trading capabilities are a plus, the Binance Review highlights that the platform can feel overwhelming, even for experienced traders, due to its extensive options.

No built-in digital wallet: Unlike some exchanges, Binance does not have a built-in digital wallet. Our Binance Review points out that users are encouraged to use Trust Wallet, which is owned by Binance. Although Trust Wallet has a strong reputation, it may offer limited support when issues arise with transfers from Binance.

Regulatory challenges in multiple countries: Binance has faced legal and regulatory hurdles in several countries, making it important for users to be aware of potential risks, as noted in our Binance Review. Crypto investors may want to evaluate other platforms as alternatives.

Binance Comparison with Other Crypto Exchanges

What makes Binance stand out from other exchanges?

Bybit and Coinbase are two of the top alternatives to Binance that you should consider. Below is a brief comparison of Binance vs. Bybit and Binance vs. Coinbase:

Features	Binance	Bybit	Coinbase
Founded	2017	2018	2012
Best for	Best for high-volume traders	Best for derivatives trading	Best for US traders
Supported Cryptos	389+	1,200+	241+
Trading Products	Spot, futures, margin, copy trading, options, trading bots, P2P	Spot, futures, margin, options, copy trading, P2P, and bots	Spot and Futures (only for qualified crypto traders)
Maximum Leverage	125x	100x	10x
Trading Fees	0.1% maker and taker	0.1% maker/taker	0.4% maker and 0.6% taker
Funding Methods	Bank transfer, debit/credit cards, Google Pay, Apple Pay	Debit cards, credit cards, in-person cash payments, and 300+ more.	ACH, SWIFT, SEPA, and Wire transfer
PoR (Solvent)	Yes	Yes	Yes

Cryptocurrencies Available on Binance

Within this Binance Review, the exchange offers over 400 cryptocurrencies for trading, though only about 150 are accessible to U.S. users. For international customers, Binance supports a wide range of fiat currencies, including EUR, AUD, PHP, and SAR. This ensures that users across different locations can trade a diverse selection of cryptocurrency pairs.

Some of the cryptocurrencies available on Binance.us include Binance Coin (BNB), VeChain (VET), Harmony (ONE), VeThor Token (VTHO), Dogecoin (DOGE), and Polygon (MATIC). Additionally, Binance supports several well-known cryptocurrencies such as:

Dash (DASH)
Cosmos (ATOM)
Compound (COMP)
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Cardano (ADA)

Trading Experience

What are the advantages of trading cryptocurrencies on Binance?

In our Binance Review, we highlight the platform’s diverse trading tools, including real-time charting options that feature moving averages and exponential moving averages. Users can execute trades via the Binance app, the Binance website, or the Binance desktop app.

Traders can utilize the Binance platform to monitor their portfolios and trade history, as well as access the order book and price charts. Furthermore, Binance offers various order types, including stop orders, limit orders, stop-limit orders, stop-market orders, and trailing stop orders. Users can also select from different trading views, such as classic, margin, and OTC views. However, it’s important to note that many of these features, including margin trading and some order types, are not available to U.S. users.

Highlight: Binance doesn’t provide its own wallet service. Instead, it recommends Trust Wallet as a reliable solution for safeguarding your cryptocurrency holdings.

Binance Review: Fees in 2025

Within this Binance Review, we note that Binance offers some of the lowest fees in the cryptocurrency industry. Although U.S.-based users will incur slightly higher fees on Binance.us, these rates remain competitive compared to other major platforms. Binance utilizes a maker/taker fee structure, with fees that vary depending on trading volume and the user’s Binance Coin (BNB) balance.

Generally, trades with higher volumes are associated with lower fees.

Additionally, users can receive fee discounts through several means:

Using Binance Coin (BNB) for transactions

Referral bonuses

Achieving VIP status by trading a specified amount of assets

It’s important to note that Binance users may also encounter other fees. For a quick overview of the various fees linked to different withdrawal and payment types, please refer to the chart below.

Payment Type	Fees
Wallet	N/A
Debit cards	2%
ACH transfer	Deposits are free, but withdrawal fees vary by cryptocurrency
Wire transfer	Varies by fiat currency
Crypto conversion	0%
Trades	0.00% to 0.60%
Buy/Sell Crypto	Not Disclosed

Binance Security

Is Binance Security Stable?

Binance incorporates several security features to protect user accounts, including two-factor authentication (2FA) through the Google Authenticator app or SMS, address whitelisting, device management, and the option to limit access to specific devices.

Although these measures enhance account security, Binance’s reputation still raises some concerns. Overall, their security offerings are considered average compared to industry standards.

Opening an Account

To create a Binance account, follow these steps:

Step 1: Go to the Binance website.

Step 2: Click on the “sign up” button located in the top right corner and provide the necessary information. The registration process may take a few minutes as Binance verifies your account details.

Step 3: Activate two-factor authentication (2FA).

Step 4: Connect your payment method.

Step 5: Deposit funds to begin trading.

Binance Review: Customer Service for 2025

In our Binance Review, we highlight that Binance provides two primary options for customer support: users can ask basic questions through the chat feature or reach out via X (formerly Twitter).

Binance maintains an X account (@BinanceHelpDesk) dedicated to support, encouraging users to tweet their concerns directly to the company. Additionally, there is a chatbox located in the bottom right corner of the support screen, which can be accessed on the Binance website.

Customer Satisfaction

Throughout this Binance Review, we note that Binance’s overall customer rating on Trustpilot is currently under evaluation. Numerous complaints focus on inadequate customer service and challenges related to withdrawing funds. Despite these issues, there are positive comments from some users. Many Binance customers report having a favorable and relatively smooth experience with the platform.

Account Management

According to our Binance Review, we explain that users can access their Binance dashboard via a desktop browser or by using the downloadable desktop application. Additionally, Binance provides mobile apps for both iOS and Android, available for download from the Apple App Store and Google Play Store.

The Binance dashboard enables you to view charts, market trends, your portfolio, and both current and past trades. To manage your payment methods, simply go to the account page and add any credit or debit cards and bank accounts you wish to use for trading. Depositing and withdrawing funds is straightforward; you can navigate to the “Spot Wallet,” select the asset you want to buy or withdraw, and follow the on-screen prompts.

Supported Countries and Regions

Which countries and regions is Binance used in?

When considering this Binance Review, we note that Binance accepts users from over 100 countries and regions, which is relatively lower compared to other leading exchanges.

Unfortunately, users from countries such as the US, UK, Canada, Germany, the Netherlands, Malaysia, Singapore, and Thailand are prohibited from accessing the exchange. This is particularly disappointing since competitors like Coinbase and Kraken do allow users from these regions.

Although Binance previously permitted users from the UK, it has now suspended new registrations and restricted futures and derivatives trading for existing UK users to comply with FCA regulations. Similarly, users in Germany, Italy, and the Netherlands are also restricted from trading futures and derivatives.

For a comprehensive list of supported countries, you can visit Binance’s official website.

Binance Smart Chain (BSC)

Overview of BSC

Binance Smart Chain (BSC) is a blockchain platform developed by Binance to facilitate the creation of decentralized applications (dApps) and smart contracts. Launched in September 2020, BSC is designed to be compatible with Ethereum, allowing developers to seamlessly migrate their projects from Ethereum to BSC.

How BSC Complements Ethereum

BSC offers an alternative to Ethereum’s high gas fees and congestion issues by providing faster and cheaper transactions. This makes it an attractive platform for developers and users looking for efficiency and scalability.

DeFi on Binance Smart Chain

Role in Decentralized Finance: Binance Smart Chain has emerged as a key player in the decentralized finance (DeFi) space, offering a range of financial services without intermediaries. BSC provides a robust ecosystem for lending, borrowing, trading, and yield farming, appealing to both developers and investors.

Popular Projects on BSC

PancakeSwap: A decentralized exchange (DEX) built on BSC, PancakeSwap allows users to trade BEP-20 tokens, providing liquidity and earning rewards through yield farming.

Other notable projects include BakerySwap, Venus, and AutoFarm, which further enrich the DeFi landscape on BSC.

Binance Coin (BNB)

How BNB is Used on Binance: Binance Coin (BNB) serves multiple functions within the Binance ecosystem. It is primarily used for trading fee discounts on the Binance exchange, participating in token sales on Binance Launchpad, and more. BNB also plays a vital role in the BSC ecosystem as the native currency for transaction fees and staking.

Benefits for Holders: BNB holders benefit from reduced trading fees and can participate in various activities within the Binance ecosystem, such as token sales and staking rewards. The value of BNB has historically appreciated, making it a popular asset for investors.

Staking Options: BNB can be staked on various platforms, allowing holders to earn passive income through staking rewards. Additionally, users can stake BNB on Binance Smart Chain-based projects to support network security and earn rewards.

Binance Bonuses and Special Offers

Binance provides a variety of promotions for both new and existing users.

Referral Program

Lite Referrals: Both the referrer and the referee receive a $100 cashback voucher on trading fees if the referee registers and deposits a minimum of $50 within 14 days of signing up.

Standard Referrals: The referrer can earn up to 40% in commissions based on the trading fees paid by the referee. This commission can be shared with the referee as an additional incentive.

Affiliate Program: Influencers and content creators can participate in the Binance affiliate program, earning up to 50% in commissions on trading fees from referred users. Additionally, affiliates can benefit from new user sign-up bonuses of up to $600.

Rewards: Binance’s rewards hub features weekly challenges reminiscent of Wordle, where users solve crypto-related word puzzles to earn Binance points that can be redeemed for trading fee rebates. Moreover, Binance conducts monthly missions that offer rewards, including a share of 1 million Binance points and exclusive prizes.

Binance Review – Frequently Asked Questions

Can Binance Be Trusted?

The security measures employed by Binance are considered average within the industry. However, unlike traditional brokerage firms, cryptocurrency exchanges such as Binance are not members of the Securities Investor Protection Corporation (SIPC). Therefore, unless specified otherwise in user agreements, investors with cryptocurrency assets held on a custodial exchange may risk losing their funds as unsecured creditors.

Is Binance Better Than Coinbase?

Binance generally offers lower fees compared to Coinbase, but Coinbase includes a built-in digital wallet. While Coinbase is currently under investigation by U.S. authorities, this case is still ongoing. Additionally, while Coinbase provides access to more tradable tokens than Binance.us, the global Binance platform offers the widest selection among the three.

What Is the Disadvantage of Binance?

The primary drawback of Binance lies in its ongoing legal challenges and regulatory issues, affecting operations in Europe, Asia, and North America. For residents of the U.S., another disadvantage is the limited functionality of the U.S. version of Binance and the reduced selection of tokens available for trading.

Can U.S. Citizens Use Binance?

U.S. citizens can access Binance.us; however, they are prohibited from using Binance.com within the United States. Additionally, 12 states have restricted access to Binance.us: Alaska, Connecticut, Georgia, Maine, New York, North Carolina, North Dakota, Ohio, Oregon, Texas, Vermont, and Washington.

What is the Withdrawal Limit on Binance?

The withdrawal limit on Binance is determined by the level of user verification. With basic verification, users can withdraw up to $8 million USD per day, with a fiat withdrawal limit of $50,000 USD. For those with advanced verification, the limits can be even higher, subject to regional regulations and compliance requirements.

Can You Make Money with Binance?

Yes, it is possible to earn money on Binance. Users can profit through various methods, including trading cryptocurrencies, staking their assets, and utilizing the Binance Earn feature to earn interest. Additionally, Binance offers futures and options trading for more experienced users. The platform’s referral programs also present opportunities for users to increase their earnings.

Is Binance Exchange Worth Investing In 2025?

How will Binance develop in the future?

As the cryptocurrency industry continues to evolve rapidly, Binance remains one of the most prominent and influential exchanges globally. In 2025, potential investors are asking, “Is Binance worth investing in?” The answer requires a close analysis of its current standing, features, and growth trajectory, all of which position Binance as a strong player in the digital assets space.

Throughout this Binance Review, Binance has consistently stayed at the forefront of innovation since its inception. With its extensive range of services, including spot trading, futures trading, staking, and even an NFT marketplace, Binance offers investors a comprehensive platform for their crypto activities. The exchange is known for its low fees, especially when using Binance Coin (BNB) for discounts, which has attracted millions of traders worldwide. This ecosystem, supported by the Binance Smart Chain (BSC), has further expanded Binance’s influence in the decentralized finance (DeFi) and non-fungible token (NFT) markets. With such a wide array of services, Binance stands out as a versatile exchange, catering to both beginners and seasoned traders.

However, while Binance excels in many areas, it is not without challenges. Regulatory scrutiny has been a constant theme, particularly as governments worldwide impose stricter regulations on cryptocurrency platforms. Binance has had to navigate legal complexities in various regions, and in some cases, restrict services in certain countries. Although Binance has made strides in regulatory compliance, these challenges highlight potential risks for investors, particularly in regions where legal uncertainty persists.

From a security standpoint, Binance has built a robust infrastructure, including two-factor authentication (2FA), an insurance fund (Secure Asset Fund for Users – SAFU), and advanced risk management systems. These measures help safeguard user funds and ensure a level of trust among traders. Nevertheless, the decentralized nature of cryptocurrencies means that no platform is entirely immune to risks.

Looking forward, 2025 could be a pivotal year for Binance as it continues to adapt to regulatory environments and further innovate in the blockchain space. The integration of the Binance Smart Chain and the growing adoption of BNB provide promising growth opportunities. Moreover, as DeFi and NFT sectors mature, Binance’s dominance in these areas is likely to strengthen.

In conclusion, Binance Review for 2025 shows that while there are risks, the exchange remains a strong contender for those looking to invest in the cryptocurrency industry. Its broad range of services, low fees, and innovative features make it an attractive platform, but potential investors should carefully consider regulatory developments and security measures before diving in. Overall, Binance continues to hold significant potential for growth and remains a central figure in the crypto landscape.

Final Thoughts

Our CoinReviews analysis highlights that Binance Review has established itself as one of the world’s leading cryptocurrency exchanges. It offers a diverse range of services beyond standard trading, including copy trading, margin, and futures contracts. With features like Binance NFT, Binance Charity, and Binance Academy, the platform appeals to a wide variety of users.

Binance is renowned for its high trading volume, competitive fees, and intuitive interface. Whether you’re a beginner or an experienced trader, Binance presents opportunities for passive income through staking, as well as advanced trading strategies. From trading and staking to NFTs, Binance offers a complete platform for cryptocurrency enthusiasts across the globe. For more insights, you can also explore our other exchange-related guides such as the Kucoin review and OKX review on CoinReviews.

Binance Review 2025: Everything You Need To Know