Binance logo

Binance

Read 6272 verified reviews for Binance. See ratings, business responses, and what customers really think.

binance.com

US

cryptocurrency-blockchain

Founded: 2017

Employees: 1000-5000

Rating: 1.6/5Based on 6272 Reviews

GuardScore is based on recency, verified reviews, and review volume.

Learn more about GuardScore

Customer reviews for Binance

  1. StormQueenXxRating: 3/5Verified

    Podría mejorar

    regular, funciona pero no destaca. para el precio que tiene esperaba algo mejor personally

  2. alex_mRating: 5/5Verified

    Super smooth experience tbh. Had a small issue and support fixed it in like 20 mins ngl tbh

  3. olga_coRating: 5/5

    Muy contento. Llegó antes de lo esperado y todo en perfectas condiciones tbh

  4. XXSniper9999Rating: 5/5Verified

    10/10 would recommend to anyone. my whole team uses it now lol.

  5. lisa10Rating: 3/5Verified

    Mixed feelings

    decent product but the UI needs work. not terrible not great ngl

  6. xXKill2023Rating: 3/5Verified

    Its ok i guess. does the job but nothing special. a bit pricey for what it is.

  7. RageViper_playsRating: 5/5

    Best I've tried

    10/10 would recommend to anyone. my whole team uses it now lol fr

  8. IceBeast9999Rating: 2/5

    Disappointing

    used to be good but they keep adding useless features and breaking the ones that worked. classic ngl

  9. NeonWarrior2025Rating: 3/5

    gets the job done but the competition is catching up. needs to keep improving

  10. VoidQueen77Rating: 4/5Verified

    solid product, would give 5 stars if support was faster. everything else is on point fr

About Binance: Reviews

Pros

  • Offers a wide range of cryptocurrencies and trading pairs
  • Provides advanced trading features suitable for all experience levels
  • Competitive trading fees and high market liquidity

Cons

  • Regulatory challenges and restrictions in multiple jurisdictions
  • Complexity of some advanced trading features may overwhelm beginners
  • Past incidents of security breaches or system outages reported

Business Description

**What is Binance?** Binance is a cryptocurrency exchange established in 2017 by Changpeng Zhao and headquartered in Malta. It serves as a global platform for buying, selling, and trading a wide array of cryptocurrencies. The company targets individual traders and institutional investors seeking access to digital asset markets. Binance is recognized for its extensive selection of cryptocurrencies and multiple trading options. **How does it work?** Binance operates an online platform that facilitates cryptocurrency trading through order books and market orders for spot, futures, and margin markets. Users create accounts, deposit funds in cryptocurrencies or fiat, and execute various trades with the available digital assets. The exchange employs security measures to protect user assets and data while providing various interfaces including a web platform and mobile apps. Market liquidity, competitive fees, and technical tools support diverse trading strategies. **Products and services** Binance offers spot trading, futures contracts, and margin trading with leveraged positions across hundreds of cryptocurrencies. It includes services such as staking, saving products, and a cryptocurrency wallet. The platform delivers APIs for algorithmic trading and supports fiat-to-crypto gateways. Binance continually updates its offerings to include new digital assets and compliance features according to market and regulatory standards.

How is the GuardScore calculated?

Recency · Recent reviews carry more weight than older ones, reflecting the current customer experience.

Verified reviews · Only reviews from real, verified customers are counted in the GuardScore.

Volume · The more reviews a business has, the more reliable and stable its GuardScore becomes.

Learn more about GuardScore
cryptocurrencycrypto-exchangescryptocurrency-tradingdigital-assetsspot-tradingfutures-tradingmargin-trading

Business activity: Binance

Response rate: 0%

Frequently Asked Questions about Binance

Why does Binance freeze accounts?

A lot of users have reported their accounts being frozen for various reasons, often related to regulatory checks. This can create a lot of frustration since the review process sometimes takes longer than expected.

Is Binance reliable for trading cryptocurrencies?

Many users find the interface intuitive and packed with features, which makes trading easier. However, some have expressed concerns about account freezes and delays, so it's a mixed bag depending on your experience.

How does Binance handle customer service issues?

There are mixed reviews on Binance's customer service, with some users reporting long wait times for support. A few have shared positive experiences, but many express frustration over account issues without timely resolution.

What can I do if my Binance account is under review?

If your account is under review, it can feel like a waiting game. Users report that sometimes it can take a while for Binance to complete these reviews, so patience is often necessary while you wait for more clarity.

Are there hidden fees on Binance when trading?

Some users have complained about unexpected fees when trading, which can lead to surprises during withdrawals or transactions. It's always smart to double-check the fee structure before making trades.

What are the best features of Binance?

Users often highlight the large selection of cryptocurrencies and advanced trading tools as standout features. However, occasional experiences with issues like account freezes can overshadow these positives.

GuardOpinion