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Binance Trading Fees Review

(4 out of 5 stars from 697 Reviews)

$ 150,00

Including 19% VAT.
Deposit methodsBank transfer
Withdrawal methodsBank Transfer
Best featureCryptocurrency exchange
Regulatory AuthorityCySEC

Overall Rating

95.83%

"Low trading fees class"

Trading Fee
90%
low
Withdrawal Fees
100%
free
Deposit fees
100%
free
Account fees
92%
very low
Account maintanance fee
100%
free
Trading Activity Fee
93%
good

Binance Overview
Dave Jekic
Author:

Binance trading feesare rated as low. The fees charged by the firm for futures trading a below industry average. The standard maker fee is 0.025% and their standard taker fee is 0.075%.

Binance: Are They Better?

Active since July 2017, Binance is one among the foremost popular crypto trading platforms within the world. At this very moment, an outsized number of latest traders are regularly knocking on the door of this Chinese broker. The broker allows its clients to exchange the foremost famous crypto currencies, like Bitcoin, Ethereum, Litecoin etc.

However, Binance isn’t on top of its security level (it has been hacked several times) and it’s becoming increasingly difficult to trust it, as you’ll see during this article written by our team of testers.

Minimum deposit: 50 $
Minimum transaction amount: 10 $
Regulation: Regulated by CySEC
Founded in: 2017
Headquarters: Hong Kong
Number of assets to be traded: 10+

Pros and Cons of Binance

Binance Security

By consulting the broker’s website, we can read that:

• This platform boasts of an advanced protection device.
• The broker uses a particular AI which he guarantees the effectiveness. Unfortunately, Binance doesn’t provide further information on this matter and remains extremely vague.
• Their site includes educational content dedicated to account protection.

Binance, Opinion On The Regulation Of The Online Broker

You will understand, our Binance opinion is overall negative. It seems that the shortage of regulations is one among the main reasons for our position. Indeed, to ensure a minimum of security and a reasonably pleasant trading experience, it’s imperative to figure with a regulated broker.

Technically, Binance could pack up overnight, without being accountable to anyone. Additionally, customer service is tough to believe, because the platform’s advisors seem to lack even the foremost basic cryptocurrency experience.

Working under such conditions is stressful, and therefore the risk of losing your money with Binance is extremely real.

Conclusion

In short, Binance may be a disreputable platform. It stands out for a particular mediocrity in practically all the tests we’ve conducted, and therefore the risk of performing on its platform is just too great.

The fact that there’s no demo account on this trading platform may be a major flaw that we cannot ignore. Moreover, this text demonstrates, in several points, that Binance doesn’t have the qualities necessary to be an honest cryptocurrency broker. If you’ll afford to require the danger of trading cryptos, we recommend that you simply don’t do so with Binance, the danger of losing your money is way too high for our liking.

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$ 150,00

Including 19% VAT.

$ 150,00

Including 19% VAT.