Binance review

Binance is the largest crypto exchange globally in terms of trading volume and it is one of the most trusted. Investors can purchase cryptocurrency on the exchange via bank wire, credit/debit cards and it is also ideal for OTC transactions. Most importantly users are provided with crypto wallets where they can keep their coins safe and also there are staking bonuses for more than 23 different cryptocurrencies.

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

  • Offers lowest trading fees

 

  • Binance has the best staking rewards program supporting over 20 cryptos. Users earn between 1% and 20% interest for holding cryptos in their accounts

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  • Credit/debit card bitcoin purchase permitted

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  • Supports bank wire purchase of cryptos

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  • Puts 10% of profits in emergency SAFU funds for protection against things such as hacking and thefts

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  • Stores 320,000 of user’s bitcoin

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  • 20 million users trust Binance

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  • Binance changed locations due to changes in cryptocurrency regulation

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  • Fiat currency not supported

Is Binance A Reliable Crypto Exchange?

Binance is a reliable and trustworthy exchange considering it processes large trading volumes per day than any crypto exchange in the globe today. Most importantly the founders of Binance have had a huge impact in the crypto industry and society at large.

Comparison with other exchanges

Binance is among the most trusted exchanges and although it handles huge trade volumes other exchanges also offer competitive fees and services to traders across the globe.

  • More than 2.2 million investors trust the exchange daily

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  • Processes 100-300 mln trades per day

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  • Trading charges 0.1-0.4%

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  • OTC Kraken

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  • Supports more than 30 cryptocurrencies

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  • Available in 180+ countries

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  • More than 12 million investor trade on Binance daily

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  • Processes 10-12 bln trades daily

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  • Cheapest fees 0.1-0.2%

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  • OTC Binance

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  • Supports 190+ cryptocurrencies

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  • Available in more than 180 countries

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  • Largest and most trusted exchange globally

  • More than 1 million users trade on Coinbase daily

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  • Processes 500 mln daily trades

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  • Huge fees up to 2%

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  • Supports 20 cryptocurrencies

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  • Available to users from 100+ countries

Disclaimer

BestSitetoBuyBitcoin was established for educational purposes only and it doesn't constitute the provision of investment or financial advice when using the site. It is recommended to consult with financial or investment experts to get insight into the cryptocurrency risks. Always remember crypto prices are very volatile and you should invest what you are ready to lose as there are no guarantees for profits. We accept affiliate advertising commission from bitcoin wallets and crypto exchanges.
About US
BestSitetoBuyBitcoin was established for research purposes only and it is a tool that helps investors find the best 3 cryptocurrency exchanges where they can purchase cryptocurrency from trusted providers. At BestSitetoBuyBitcoin we have analyzed the most popular and widely used exchanges to offer a comparison of trading volumes, trading fees, supported countries and cryptocurrencies, payment methods as well as the number of users. We want the site to be a tool that can help investors in finding the best trading options considering there are more than 1000 cryptocurrency exchanges with many of them charging high fees and scamming investors. We are glad to play a role in the blockchain ecosystem and have picked the best options for novice traders to purchase cryptos from the best crypto providers.

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