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Binance review

Binance is the world’s largest cryptocurrency exchange. The trading volume varies between 12 to 50 billion daily. It has about 400 tokens listed and beside the normal buying, selling and trading, you can also stake and lend. Leveraged trading is available, however sadly not for Hong Kong customers as it will block that feature based upon IP and Document registration. Binance operates globally, has a variety of licenses in different jurisdictions and has website, mobile app, wallet and even their own Crypto Blockchain (BNB).

Bonus 20 USD
Binance

Sign Up

Click on the button to start your registration.

Bonus 20 USD

1) Register

Register at Binance and receive your welcome bonus.

2) Fill in your personal details

Completing your profile, usually takes up about 10 minutes.

3) Add funds

Follow the instructions and deposit funds via an OTC Desk or via Peer to Peer transactions.

4) Start trading and Staking

Trading should be straight forward once you find the SPOT trading pages.

Binance Trading Fees

Binance, like every exchange, applies transaction fees for trading. Below, we go into more detail about the trading fees. Binance does offer discounts on trading fees for frequent traders or users that hold their native BNB (Binance Exchange Token). Holoding BNB will get 25% discount on your trading fees.

Binance Trading Fees

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FAQ

Questions about Binance

Find the answers to the most frequently asked questions about Binance

Is Binance Safe
Yes, Binance has implemented security measures to protect user accounts and funds. Security measure including two-factor authentication (2FA), anti-phishing codes, Passkeys (Biometrics), IP / Crypto Address whitelistning and more. On top of that, it even has it's own Secure Asset Fund for Users (SAFU) to cover certain losses. However, as any other exchange, users are encouraged to maintain good personal security practices, as no exchange can eliminate all risks.
Is Binance regulated
Binance operates in compliance with local regulations in various jurisdictions and has acquired licenses in certain countries such as Malta, Cyprus, Dubai and France, although it may not be regulated in all regions. Binance regularly adapts to global regulatory requirements, but specific details on regulation vary by country.
Is Binance available in Hong Kong?
Binance is currently accessible to Hong Kong residents, though there are restrictions on certain services due to regulatory changes. As regulations evolve, users should consult Binance’s updates and Hong Kong’s financial regulatory guidelines.
Is Binance banned in Hong Kong?
Binance is not banned in Hong Kong; however, specific features, like futures and options trading, have been restricted due to Hong Kong's regulatory stance. Users in Hong Kong can still access cryptocurrency trading services.
Does Binance have it's own token?
Yes, Binance has its own token, called Binance Coin (BNB). BNB is used within the Binance ecosystem for trading fee discounts, transaction fees, and other platform utilities. BNB is also supported on Binance Chain and Binance Smart Chain.
What does binance charge per trade
Binance’s standard spot trading fee is 0.1% per trade, which can be further reduced by holding and using BNB tokens to pay fees. Trading fees may vary based on the user's 30-day trading volume and BNB balance, with fee reductions available for high-volume traders.
is Binance free?
No, Binance is not entirely free. Creating an account (as everywhere else) is free. However, there are fees for trading (typically 0.1% per transaction). Withdrawal and Deposits are usually free, though there might be a small blockchain transaction fee that will have to be paid by the user.