What Binance is and why people start here
Binance launched in 2017 and became the largest crypto exchange in the world in under a year. It still holds that place, and not because of marketing: there is simply more money here. The book on bitcoin and ether is deeper than anywhere else, which means you buy or sell size at the price you see rather than the price you get after slippage.
For a newcomer that is the main argument. You will almost never face a situation where there is nothing to trade a coin against or your order sits unfilled. For an experienced trader it holds too: the Binance price is effectively treated as the market price, and gaps on other venues are measured from it.
What else is here besides plain trading
Binance has long been more than an exchange. Here is what people actually use.
Spot trading — buying coin for coin or for USDT. Nearly five hundred pairs against USDT alone, from bitcoin to tokens you have never heard of.
Perpetual futures — over eight hundred leveraged contracts. Funding is settled here: hold a position and every eight hours you either pay or get paid. A whole kind of arbitrage is built on that, and we have a section for it.
Options — rare among exchanges. They cap your loss in advance: you pay a premium and gain a right rather than an obligation.
P2P — buying crypto for ordinary money directly from people. Hryvnia, zloty, lira, tenge and fifty more currencies, dozens of payment methods. For many this is the only way in, and these are the rates we show in our P2P section.
Earn — savings and staking. A coin sits and earns interest: flexible, withdrawable any time, or locked for a term at a higher rate.
Launchpad and Launchpool — taking part in new coin releases before they reach open trading.
Copy trading and bots — mirroring other traders and automated strategies such as grid trading, configured right in the interface.
The Binance card — paying from a crypto balance wherever ordinary cards are accepted.
Fees: what you actually pay
The base spot rate is a tenth of a percent on both sides of a trade. There are two ways to cut it, and they stack.
First, hold BNB, the exchange token, and switch fee payment to it for a discount. Second, trade more: Binance has tiers, and the rate falls automatically as monthly volume grows.
Futures rates run below spot, and the maker — whoever posts a limit order and waits — pays less than the taker who lifts someone else at market. Getting into the habit of posting limit orders saves real money over time.
Getting money in and out
The most common route in our region is P2P. You pick an ad, send money to the seller by card, and they release the crypto from escrow. The exchange acts as guarantor: while the deal runs, the coins are frozen and the seller cannot take them back.
Coins leave through networks. This is where people lose the most through inattention: the cost of a transfer depends on the network, not the amount. The same USDT costs 0.01 to withdraw on BSC and noticeably more on Ethereum. Nineteen networks to choose from, with a hundredfold spread between them.
Current figures for every coin and network are collected straight from the exchange and sit in the live table at the top of this page.
What to know in advance
New coins reach Binance later than early-listing venues such as MEXC or Gate: the exchange screens projects more strictly. If you hunt new listings specifically, keep a second venue for that.
And note that Binance does not operate identically everywhere — which services you get depends on your jurisdiction. Check what is available to you before funding an account.
Who it suits
Almost anyone starting out. A deep book forgives a beginner's mistakes, the breadth of services means no second account just for staking or futures, and cheap BSC withdrawals make it a comfortable anchor for cross-exchange routes.
If you already trade and hunt rare coins, keep Binance as your main venue with an early-listing exchange alongside. Those two cover nearly everything.
