What Exactly Is Binance
If you're new to crypto, you might see "Binance" everywhere. Binance is currently the world's largest cryptocurrency trading platform with over 150 million registered users. Register an account to try it, and download the mobile APP.
Basic Info
Founded in 2017 by Changpeng Zhao (CZ). Key stats: 150M+ users, 600+ supported cryptos, 24/7 trading, 40+ fiat currencies supported, 10+ languages.
What You Can Do on Binance
Buy/sell crypto: The core function — trade Bitcoin, Ethereum, BNB, and hundreds more. Futures trading: Go long or short with leverage. Earn products: Deposit crypto for interest income. C2C trading: Buy crypto directly with fiat currency. NFT marketplace: Browse and trade NFTs. Launchpad: Subscribe to new token launches. Payment: Crypto debit card for real-world spending.
Why So Many People Use It
Most trading pairs, lowest fees (spot 0.1%, even lower with BNB), best liquidity, most comprehensive features, highest security (SAFU fund), and user-friendly interface.
Fee Structure
Spot: Maker/Taker 0.1%, 25% discount with BNB. Futures: Maker 0.02%, Taker 0.05%, 10% discount with BNB. Deposits mostly free. Withdrawal fees vary by coin and network.
Is Binance Safe?
SAFU fund for user protection, multi-factor authentication, anti-phishing codes, proof of reserves published regularly, and 20+ country licenses.
How to Get Started
- Register (email or phone) 2. Complete KYC verification 3. Download APP and login 4. Buy USDT via C2C 5. Start trading. The whole process takes about 10-15 minutes.
If you're a crypto beginner, Binance is a great starting point — comprehensive features, low fees, high security, and easy to use.