📘 General Information about the Binance Exchange
Binance is the largest international cryptocurrency exchange, launched in 2017. It leads the world by daily trading volume and the size of its user base: in 2025, the number of registered accounts surpassed 250 million.
The platform supports over 500 cryptocurrencies and 1,500+ trading pairs—from classic spot to futures, options, and new decentralized products. Binance offers a comprehensive ecosystem: its own blockchain BNB Chain, the BNB token, Earn services, Launchpad, P2P exchange, an NFT marketplace, and other solutions for traders and investors at any level.
- Spot, margin trading, futures, and options
- P2P exchange, staking, and deposit-based yield (Earn)
- Suitable for beginners (simple mode) and professionals (advanced features, API)
Binance stands out for low fees, high liquidity, and an innovative interface. The exchange pays special attention to security: two‑factor authentication, cold storage of funds, an anti‑phishing system, and the SAFU insurance fund created to protect user assets.
🔥 Open a Binance Account — Get Bonuses
⚡ Trade with zero fees, get discounts, and join promotions for new users
💱 Spot Trading
On the Binance spot market you’ll find over 500 cryptocurrencies and 1,500 trading pairs. Trading follows the maker/taker model (liquidity provider / consumer):
- Base fee: 0.1% for maker and 0.1% for taker
- 25% discount when paying fees with the BNB token
- 0% fee on selected pairs during promotions (e.g., BTC/TUSD)
The Binance terminal offers several modes: from the simplified Convert (instant swap without a trading fee) to the advanced interface with TradingView charts. Limit, market, and stop orders are available, along with analytic indicators.
📊 Margin Trading
Binance supports margin trading with leverage up to 10x. Two modes are available:
- Isolated margin: risk and collateral are limited to a single pair
- Cross margin: your overall balance is used across positions
- Auto‑borrow and auto‑repay simplify working with borrowed assets
Interest accrues daily. The rate depends on the asset and current borrowing demand. Margin is for experienced traders, as it increases both profits and potential losses.
📈 Futures & Perpetual Contracts
The Derivatives section on Binance includes dated futures and perpetual contracts with leverage up to 125x. Two settlement formats are available:
- USDT‑margined: collateral and settlement in a stablecoin
- Coin‑margined: settlement in the base crypto (BTC, ETH, etc.)
- Fees: from 0.02% (maker) and 0.05% (taker), reduced for VIP tiers
- Funding fee: transfers between longs and shorts every 8 hours
Risk tools include ADL, an insurance fund, and stop orders. Derivatives are best suited to experienced users, especially when using high leverage.
🧮 Options
The Binance Options platform offers European options on BTC and ETH. P&L is calculated in USDT.
- Fees: minimal (fractions of a percent of notional)
- Premium: fixed and paid on order entry
- Tools: Delta, Gamma, Theta, Vega, and payoff diagrams
Suitable for hedging and trading volatility. Newcomers should learn the basics first—e.g., via Binance Academy.
🤖 Copy Trading & Trading Bots
Copy Trading on Binance lets you automatically copy selected traders’ positions with adjustable limits and risk controls.
- Available for futures and spot
- Supports loss limits and proportional copying
- See a trader’s performance and rating before subscribing
Built‑in trading bots can also be configured directly in the interface:
- Spot Grid: buy and sell in a grid
- Futures Grid: the same strategy for derivatives
- TWAP: execute a large order over time
- Iceberg: split an order into visible slices
API integration enables external solutions—convenient for HFT, passive strategies, and third‑party algos.
💸 Fees on Binance
Binance offers competitive fees for both newcomers and professionals. The amount depends on the market type, your trading volume, and your VIP tier.
| Operation type | Maker | Taker | Note |
|---|---|---|---|
| Spot | 0.1% | 0.1% | Base rate for everyone |
| Futures | 0.02% | 0.05% | Lowers as volume grows |
| Options | ~0.02% | ~0.03% | Depends on pair and liquidity |
| Deposit | 0% | No fee for crypto deposits | |
| Withdrawal | Network fee | Depends on the network (e.g., TRC‑20 or ERC‑20) | |
You can reduce fees if you:
- Pay fees with BNB—up to 25% off on spot and 10% on futures
- Reach a VIP tier via higher trading volumes
- Join promotions and the referral program
❓ Fees FAQ on Binance
What are the standard fees for regular users?
On spot—0.1% maker and taker. On futures—starting from 0.02% and 0.05%. You can lower them with BNB and VIP tiers.
How can I reduce my fees?
Enable fee payment in BNB—this cuts spot fees by 25%. You can also reach VIP status via trading volume or loyalty programs.
What are the withdrawal fees?
Binance doesn’t charge its own withdrawal fee—you pay only the network fee, which depends on the network. For USDT, TRC‑20 (~1 USDT) is cheaper than ERC‑20 (~5–10 USDT).
Are there fees for fiat deposits?
Yes—card or bank deposits may incur 0%–2% depending on method and region. P2P is free.
How much does P2P trading cost?
P2P trading is free for Binance users. The exchange doesn’t charge a fee; the spread (buy/sell difference) is set by participants.
🖥️ Ease of Use: Binance Interface
Binance offers several interface modes to suit both beginners and professionals:
- 🌐 Web platform: Classic (simplified) and Advanced (full terminal with TradingView charts)
- 📱 Mobile apps: iOS and Android; includes everything from trading to Earn and NFT
- 💻 Desktop & MT5: dedicated terminals for algorithmic trading and traditional tools
You can customize panels, switch themes, save order templates, and toggle modes with one click. The interface is adaptive: features are simplified automatically for new or low‑activity users.
Binance is available in many languages (including Russian). The interface includes tooltips for beginners and in‑flow learning blocks. Hotkeys and control via API/bots are supported.
💳 Binance Card: Spend from Your Crypto Balance
Binance Card is a Visa debit card linked to your Binance account. It lets you spend crypto in real life—payment is instant with automatic conversion to fiat at checkout in-store or online.
🔑 Key benefits:
- 💰 Up to 8% cashback—paid in BNB for every purchase
- 🌍 Works anywhere Visa is accepted
- ⚡ Automatic conversion from crypto to fiat at payment
- 🧾 Expense tracking and reports in the mobile app
- 💳 Both virtual and physical cards with fast delivery
You can set the spending order of assets: pay with USDT, BTC, BNB, or any supported coin. All expenses are shown in a dedicated card section on the platform.
Binance Card is available in many European countries and beyond. Issuance is free and there are no hidden maintenance fees. It’s great for daily spending and travel—save on conversion and earn cashback on every purchase.
🎨 Binance NFT Marketplace
Binance NFT is a fully integrated platform for non‑fungible tokens (NFT) right inside the main exchange interface. It combines collectible and gaming tokens, including well‑known projects and creator drops.
📋 What’s available on Binance NFT:
- 🖼️ Buy, sell, and auctions—in USDT, BNB, and ETH
- 🪙 Supported networks: BNB Chain, Ethereum, Polygon
- 🎮 GameFi, Metaverse, and collectible NFTs
- 🔥 Mystery Boxes: randomized packs with NFTs inside
- 🚀 Launchpad & Featured Drops: exclusive collections from brands and projects
Binance offers minimal seller fees (1%), a convenient gallery, and built‑in protection against fakes. Browse and filter NFTs by price, collection, rarity, and format. The interface suits both newcomers and collectors.
Highlights:
- ✅ Quick NFT purchases from your Binance balance
- 🔐 Secure storage—NFTs reside in your Binance account
- 💸 No gas to pay—fees are included
- 📲 Access via web and mobile app
👥 Subaccounts on Binance
The Subaccounts feature lets you create multiple auxiliary accounts under one master. It’s convenient for separating strategies, team management, or delegating trading. Verified users can create up to 5 subaccounts (more for VIP clients).
Each subaccount has its own balance and permissions. The main (Master) account can:
- Distribute funds across subaccounts
- Set access levels: view‑only, trading, API, etc.
- Track each subaccount’s trading performance
- Block/delete subaccounts at any time
Subaccounts cannot withdraw directly—all transfers go through the master account, which greatly increases security.
- ⚡ Instant transfers between accounts with no fee
- 🎖️ Subaccounts inherit the master profile’s VIP tier
- 🚀 Participate in Launchpad, Launchpool, and other campaigns on behalf of the master
To create a subaccount, open the Sub‑Account section in your Binance profile settings. You can link a separate email for login or manage the subaccount via the master interface. This is especially useful for traders managing third‑party capital and institutions.
🛡️ Verification on Binance: With and Without KYC
To fully use all Binance features, you must pass identity verification (KYC). Without it, functionality is limited: only crypto deposits, restricted trading, and withdrawals up to 0.06 BTC per day are allowed.
- 📥 No access to fiat deposits/withdrawals
- 🚫 No futures trading, Launchpad, Earn, or P2P
- 🎁 Bonuses and promotions—only for verified users
After verification, all Binance products become available. Verified users get:
- 💸 Withdrawals up to 100 BTC per day
- 💱 Access to fiat deposits and withdrawals via cards and banks
- 🤝 Use of the P2P platform
- 📈 Full derivatives trading, staking, and Launchpad access
The verification process is straightforward and takes about 5–15 minutes:
- Upload a document: passport, driver’s license, or ID card
- Take a selfie via your camera (on‑screen instructions)
- Wait for automatic or manual review (rarely up to 24 hours)
Your verification status appears in your profile. Once approved, you’ll have full access to all Binance features.
💳 Deposits & Withdrawals (Fiat and Crypto)
Binance offers many ways to fund your account and withdraw—both in crypto and fiat.
📥 Crypto Deposits
You can send any supported asset to your unique Binance deposit address. Popular coins support multiple networks:
- USDT: ERC‑20 (Ethereum), BEP‑20 (BNB Chain), TRC‑20 (Tron), Polygon, and more
- BTC, ETH, BNB, and other top cryptocurrencies
There’s no deposit fee from Binance—you pay only the sender’s network fee. For withdrawals, Binance charges a fixed fee that reflects the chosen network’s cost.
💸 Fiat Payments
Binance supports over 40 national currencies. Methods depend on your region:
- Bank cards: Visa, Mastercard
- Bank transfers: SEPA, SWIFT, Faster Payments, etc.
- Local payment services (varies by country)
Binance Buy Crypto lets you immediately convert funds into USDT, BTC, or other assets. Deposit fees are typically 0–2%; withdrawals may have higher fees depending on the payment rail.
💳 Binance Card
In certain countries, Binance Card—a Visa debit card—lets you spend crypto in the real world. Payments draw from your Binance balance and automatically convert to fiat at checkout. The card supports cashback and expense tracking in the app.
🤝 P2P Platform
If direct banking options aren’t available or you want a better rate, use the Binance P2P platform:
- 60+ currencies: RUB, UAH, KZT, USD, EUR, and more
- Dozens of payment methods: bank transfers, wallets, payment systems
- 0% fee for users
- Escrow protection: crypto is locked until payment is confirmed
Rates are set by users; Binance acts as guarantor. It’s a convenient way to move funds in and out while bypassing banks—especially in restricted regions.
💰 Passive Income on Binance (Earn)
Beyond active trading, Binance offers many passive income tools. The Binance Earn section includes several categories:
- Flexible & Locked Savings: earn interest on deposits. Flexible can be withdrawn anytime; locked (30–90 days) offers higher rates.
- Staking: lock assets for a fixed period. Fixed and DeFi staking are available with daily rewards.
- Liquid Swap: AMM pools with fee‑based income; returns depend on the pair and trading volume.
- Dual Investment: a fixed‑yield strategy where assets may be bought/sold at a target price on a set date.
- Auto‑Invest: dollar‑cost averaging—schedule recurring purchases (daily, weekly) to smooth entry price.
Earn offerings are updated regularly. Some products feature promotional rates for a limited time. Rewards are paid in the deposit token or project token. Withdraw anytime (flexible) or after the term (locked).
Earn tools suit long‑term holders—earn while your assets sit in the account. Risks remain: yields can change, and DeFi staking tokens are volatile. Always read each product’s terms before committing.
❓ FAQ: Frequently Asked Questions
Can I trade on Binance without verification?
Yes, but with limits: without KYC you’re restricted to crypto deposits and limited spot trading. Withdrawals are capped at 0.06 BTC/day. Futures, Earn, Launchpad, P2P, and fiat on/off‑ramps are unavailable.
How long does KYC verification take?
Typically 5–15 minutes automatically. With clear documents, it’s fast; manual reviews (rare) can take up to 24 hours.
Does Binance offer newcomer bonuses, and how do I get them?
Yes. Register, pass KYC, and complete tasks (deposit, trade, Learn & Earn). Rewards include fee coupons, cashback, trial funds for derivatives, etc., visible in the “Rewards Center”.
🎁 New User Bonuses on Binance
As the largest crypto exchange, Binance regularly runs promotions for new users. Terms vary, but bonuses are usually granted for registration and completing basic steps on the platform.
- Welcome Bonus: a set of tasks: registration, KYC, deposit, first trade
- Referral bonuses: cashback on trading fees or a sign‑up bonus via invitations
- Learn & Earn: complete courses and earn token rewards
Rewards come as coupon codes (fee discounts or crypto), trial funds for derivatives, or a direct bonus in a specific coin.
All current offers appear in your Binance Rewards Center. Typically, promos last 7–30 days after registration and require completing all steps within the deadline.
🚀 New Token Launches: Launchpad & Launchpool
Binance pioneered Launchpad and Launchpool—tools for early access to new tokens.
📈 Launchpad
Launchpad hosts IEOs (public token sales). Participants lock BNB for the subscription period:
- Participation requires verification (KYC)
- Your staked BNB determines your allocation size
- There’s a per‑user allocation cap
After the sale, tokens are distributed pro‑rata. Binance has run over 60 successful launches, including projects that multiplied many times post‑listing.
🌱 Launchpool
Launchpool lets you earn tokens without buying—simply stake BNB, TUSD, or other supported assets:
- You earn new tokens daily—proportional to your stake
- No minimum threshold to participate
- Funds remain under your control and can be withdrawn after the campaign
This is non‑competitive: every participant gets guaranteed rewards. The platform rotates Launchpool projects weekly/monthly.
Binance conducts due diligence on projects—team, whitepaper, tokenomics. Still, prices can fluctuate after listing—profits aren’t guaranteed.
💧 Liquidity on Binance
Binance offers unmatched liquidity in crypto, consistently holding the #1 position by trading volume. After some competitors exited, the exchange captured an enormous share of market activity.
For top pairs (e.g., BTC/USDT, ETH/USDT) spreads are minimal, and even large orders execute with negligible slippage.
🔍 Why Binance has high liquidity:
- 🌍 Tens of millions of users worldwide
- 🏦 Market makers and institutions provide deep order books
- 🪙 Wide selection of coins and pairs—from BTC to DeFi and memecoins
For traders this means you can enter and exit positions of any size without delays and with excellent execution. This is crucial for:
- 🔁 Arbitrage strategies
- 🤖 Algorithmic trading and HFT
- 💼 OTC deals (large off‑exchange transactions)
Even during high volatility, Binance maintains stable performance thanks to a scalable infrastructure and advanced risk‑management systems.
🔒 Security & Reliability of Binance
Asset security is critical for any crypto platform. Binance employs a broad set of technical and legal measures to protect user funds.
- Cold storage: most funds are held offline, safe from remote attacks. Hot wallets cover operational withdrawals only.
- SAFU (Secure Asset Fund): a reserve fund launched in 2018. Funded by fees, it’s used to compensate users in emergencies (e.g., hacks). Valued at hundreds of millions of dollars.
- Proof‑of‑Reserves: Binance publishes reserve wallet addresses and runs independent audits—confirming client funds are fully backed.
- Multi‑factor authentication (2FA): required for account security. Supports Google Authenticator, SMS, anti‑phishing code, email confirmations, and withdrawal whitelists.
On the compliance side, Binance strives to meet requirements in its operating jurisdictions. The exchange has obtained licenses in France, Italy, the UAE, Kazakhstan, and other countries, operating officially as a digital asset service provider.
Users should still check local laws around crypto and choose reliable on/off‑ramps that comply with their country’s regulations.
✅ Conclusion
Binance is rightly considered one of the most reliable and versatile crypto platforms. It combines low fees, high liquidity, a powerful ecosystem, and a wide array of tools—from trading and passive income to DeFi and NFT.
The exchange continues to evolve: adopting new technologies, entering licensed markets, and enhancing asset protection through SAFU and Proof‑of‑Reserves. For users, that translates into security, functionality, and global trust.
But security is always a shared responsibility. Use two‑factor authentication, verify the website address, never share passwords. Be careful with both fiat and crypto operations.