Binance Exchange

Binance is the world’s largest crypto exchange, founded in 2017. The exchange offers more than 100 cryptocurrencies, stablecoins, tokens and other digital assets.

Binance Crypto Exchange operates under the laws of Singapore and is licensed by local regulators and complies with international laws.
Binance offers a wide range of cryptocurrency trading features, including margin trading, futures and options trading, and fiat-to-crypto and back-to-back exchange services.

Official Website

Features of the Binance exchange

Required verification: yes
Number of coins traded: ~385
Trading pairs: >1500
Trading commission: 0.1

Bonus for our portal: -10% discount on trading commission

Stopped working in Russia.

Pros of Binance

Large range of cryptocurrencies – supports more than 350 cryptocurrencies and tokens.
Low trading commissions – standard trading commission is only 0.1%, and with BNB it is even lower.
High liquidity – large trading volume ensures quick purchase and sale of assets.
Variety of trading instruments – spot trading, futures, margin trading, P2P, staking and much more.
Security – multi-level security system, two-factor authentication (2FA), anti-phishing code and SAFU fund to protect users.
Earning money on cryptocurrency – staking, landing, Binance Earn, Launchpad and other passive income.

Cons

Regulatory Restrictions – Binance is facing issues in a number of countries, including the US, Europe and Russia, which may limit access to certain features.
Mandatory verification (KYC) – without passing KYC it is impossible to use most services, including trading and withdrawal of funds.
Complicated interface for beginners – the exchange offers many tools, which can confuse inexperienced users.
High commissionsfor withdrawal – commissions for withdrawal of some cryptocurrencies may be higher than on other exchanges.