Binance is the world’s largest cryptocurrency exchange by trading volume. Founded in 2017, it runs spot, derivatives, staking and a token launch platform, plus its own blockchain and the BNB token.
What it does
- Buy and sell hundreds of crypto assets on the spot market
- Trade perpetual and dated futures with leverage
- Earn yield with staking, Earn and income products
- Token launches via Launchpad and Launchpool
Products
The core is a spot market with hundreds of pairs; around it sit futures (perpetual and dated), options, margin, crypto savings, locked staking, P2P with dozens of payment methods and its own decentralized exchange. The BNB token discounts fees and powers the BNB Chain.
Public pricing
- Base spot fee of 0.1% per side, with progressive discounts by volume and BNB balance
- Futures start at 0.02% maker and 0.05% taker
- VIP tiers and promos vary by level and campaigns — official table published on site
Strengths
- Global-leading liquidity across nearly all major pairs
- Huge catalog of coins and pairs, including smaller global assets
- Complete ecosystem: exchange, chain, wallet and BNB
Points of attention
- Tumultuous regulatory history: service restrictions vary by country (US users only via Binance.US)
- Full custody: users depend on the exchange’s solvency and operations
- Extensive interface — the learning curve is real for beginners