2022/02/14
Binance Review
Binance Trading Platform
Binance has a classic(Beginner) and Advanced(Pro) interface.
The Classic interface is simple and easy to use, and the advanced trading interface includes all the necessary tools and indicators usually found on a professional trading chart.
The Binance interfaces are winners when it comes to placing buy and sell orders as all the necessary options are made easily available. Market, limit orders, stop-limit and OCO(On Condition Orders) make trading a breeze. More information is provided next to the order type you have chosen to give you a clear understanding of how the different orders work.
Included animated info graphic tutorials on how to trade either futures, spot and margin markets makes this interface a winner.
Binance Crypto Wallet
Binance desktop and mobile app has a wallet where you can view all the crypto you currently hold
Wallet Main Features:
Overview: Total balance
Earn: Grow your crypto and earn interest on it.
Pay: Send and spend crypto at zero fees.
Card: Order a Binance Debit card and spend crypto. Transfer, block card, check balance and card details.
Other Features:
Spot – Funding – Cross Margin Isolated Margin – Futures – Stock – T-Option Pool – Third Party Accounts
Binance Desktop / Mobile
Binance can be accessed through a web browser or desktop app for Windows, Mac and Linux. Mobile apps are available for Binance on IOS, Google Play and Android devices.
The web browser and desktop/mobile app are basically similar in functionality, however it is recommended for desktop and laptop users to download and install the desktop app. It is optimized for performance and provides the user with more of a stream line experience. The desktop app is more secure and you won’t have to worry about phishing, included advantage is the ability to still work in situations where browser restrictions are in place by certain wifi, public networks or service providers. The mobile app is a great way to be on top of you trades or holding while on the move, login fast with passcode, finger or face ID.
Binance has a great feature where you can use the mobile app to login to the desktop app or browser simply by opening the mobile app and scanning the QR code.
Binance Support
Live support:
Binance provides live support, but sometimes due to high user requests a support ticket will be issued.
Bot Support:
On the support page you will also find automated bot support for most inquiries.
Binance contact form support:
For any enquiries not supported by the bot the contact form via the site will issue you with a support ticket which may take anywhere from 30min to 24hrs.
Binance Fees
Spot trading: 0.02% to 0.10% ( 25% discount if you use BNB coin to pay for fees)
Credit/Debit card: 3% to 4.5% (Contact your card issuer for more info)
ACH: Free
Wire Transfer: 0 to 35 dollars (Subject to quote on selected currency)
Crypto wallet to wallet: Network fee
Crypto deposit: Free
Other Deposit & Withdraw subject to quote: BPAY, SEPA, Sofort, Etana, Adv acc balance
Binance Security
Binance is considered to be a safe exchange with the options of Two Factor Authentication (2FA), via SMS, email and an authenticator app. It is recommended that you activate all three options to protect your funds.
Binance is covered by its emergency insurance fund with SAFU (Secure Asset Fund for Users). All dollar deposits at Binance.us are insured up to 250000 dollars for bank failure by the FDIC (Federal Deposit Insurance Corporation).
Security breaches on the exchanges end are covered and not ones due to a users security issues.
Binance security includes address whitelisting, device management and device access restrictions.