Advanced worldwide cryptocurrency exchange Binance.
With blockchain technology continuing to innovate, Binance supports established and emerging currencies
The cryptocurrency landscape is in constant state of expansion as brand new cryptocurrencies innovate on blockchain technology and develop business opportunities with the power of the blockchain. At Binance.com, we take pride in supporting both new and established cryptocurrencies, providing you with an ever-growing selection of trading and investing opportunities. We conduct compliance audits on all new coin launches, ensuring that our users have the information they need to make informed trades.
Below you will find a selection of the 190+ cryptocurrencies we support.
Buy BNB (Binance Coin) Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), NEO (NEO), Iota (IOTA), Litecoin (LTC), Ethereum Classic (ETC), Monero (XMR), Dash (DASH), Zcash (ZEC), OmiseGO (OMG), BTG (BTG), Santiment (SAN), Qtum (QTUM), QASH (QASH), 0x (ZRX), ETP (ETP), Time New Bank (TNB), Eidoo (EDO), Streamr (DATA), YOYOW (YYW), Status (SNT), FunFair (FUN), Golem (GNT), Decentraland (MNA), Basic Attention Token (BAT), SpankChain (SPK), Aventus (AVT).
Binance currently charges a flat 0.1% fee on each trade. For an exchange that doesn’t use a fee schedule, this is one of the lowest fees I’ve seen.
If you pay using their own token (BNB), you currently receive a 50% discount on the trading fee – bringing it down to 0.05%. With this discount, Binance easily has the lowest fees in the industry.
Binance is strictly a cryptocurrency exchange, so you’re not able to fund your account with fiat currency.
You can only deposit cryptocurrency funds, but there’s no limit on the amount that you can deposit. There are also no fees on any of your deposits.
The amount that you can withdraw each day is determined by your verification tier. Without submitting any verification details, you’re placed at Level 1 and can withdraw up to 2 BTC worth of cryptocurrency a day.
To be classified as Level 2, you need to enable either two-factor authentication or Google Authenticator. Right now, only Chinese numbers are supported for two-factor authentication.
The customer support area on the Binance exchange site is lacking in comparison to other exchanges. There’s a short list of FAQs that failed to answer a lot of the questions I had as I was using the platform.
Because the website was originally written in Chinese and translated to English, there are sections (especially in the support section) that have confusing grammatical errors. I’m going to give Binance the benefit of the doubt of this, though, because the company is young, and it’s impressive that they support multiple languages this early.
You can submit a support ticket through an online form and get a response via email. The Binance official Reddit page states that your ticket won’t be answered by a random support agent but rather by someone integral to the company who knows the system you’re using.