Review Is Binance Traders Scam or Should I Invest

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Contents Review: Is Binance Traders Scam or Should I Invest?

BinanceTraders Review: Scam or legit investment? is offering enticing investment plans. Is Binancetraders paying? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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Binance Traders HYIP Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP?

It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

How To Know a HYIP

It is true that most of this high yield investment platforms look like the real deal, thus confusing us. The truth is that there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform? is not a sustainable investment platform. Don’t be deceived by their promises.


Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section. Hyip Review : Scam Or Paying? Read Our Full Review

Risk Warning

Below Project Look Like Not Safe For Investment . It Is Not Our Premium & Sticky Listing . Invest On Your Own Risk .We Are Not Responsible For Your Losses .

About is an automatic online investment platform established by a team of professional binance traders focusing mainly on forex and cryptocurrency trading over multiple exchanges and markets.

Adding value to the team of like minded businessmen specialist in Bitcoin mining. The company has been growing fast by expanding trade industry and mining techniques and rolling more elite traders and Miners respectively. is helping to educate, provide service for, secure, protect and ultimately profit from this emerging industry. Anyone all over the world can join and began earning passive income by taking advantage of expertise in Bitcoin mining and crypto currency trading.

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Basic Information

Min Investment $10.00
Min Withdraw $5
Avg. Refer Rate 3 Level Refer System 15% 2% 1 %
Payment Type
Company Type Hyip
Web I.P
Company Number 12023455
Hosting Dancom LTD
Payment Accepted Bitcoin, Ethereum, Payeer, Perfect Money
Links Homepage

Investment Plan Of

4% Daily Profit For 3 days Min Deposit:$10 Max Deposit:$20

5% Daily Profit For 10 Days Min Deposit:$30 Max Deposit:$100

10% Daily Profit 20 Days Min Deposit:$101 Max Deposit:$500

1200% Profit Plan After 40 Business Days Min Deposit:$600 Max Deposit:$5000

3000% Profit Plan After 45 Business Days Min Deposit:$6000 Max Deposit:$5000

Complete Review Of philosophy of is based on mutual benefits and long lasting relationships with all clients with the aim to provide secure investment environment to all its users. use of most advanced technology with high level of professionalism as well use of intelligent monitoring technology allow us to conduct successful cryptocurrency and forex trading operations and satisfy all the needs of customers. The aim is to provide stability and guaranteed high returns on your investments.

Special Features of (32525445) is a Finland based Online Investment Company is an automatic online investment platform established by a team of professional traders focusing mainly on Binance,forex and cryptocurrency trading over multiple exchanges and markets.

Payment Accept accepts popular e-currencies such as Perfectmoney , Bitcoin ,Ethereum and more method will be add in future .


Your account will be updated as fast as you deposit.if you will invest with perfect money so it will be deposited same time but if your will invest with bitcoin then it will take 3 blockchain confirmation to reflect on your dashboard.

Quick Withdraw

You can withdraw any amount not less than $5 . In case you can use Bitcoin, Perfect money minimum withdrawal is $5 . and maximum withdraw is Unlimited.

No Extra Payout

No, they do not charge any fees. The profit that we make from our overall investments is enough for us. They do not need to charge any fees for any transaction, however, payment processors may charge you with receiving fees and we have no control over that.

Affiliate Program .

3rd Level Get 1% REFERRAL Commision after his REFERRAL investment ,Member required 1 to 50 active REFERRAL investment

2nd Level Get 2% REFERRAL Commision after his REFERRAL investment, Member Required 21 to 500 active REFERRAL investment

1st Level Get 15% REFERRAL Commision after his REFERRAL investment,Member required 501 to 1000 active REFERRAL investment

Secure investment platform is securely protected by the most advanced encryption protocols and is located on secure dedicated servers.

This article is writing 06 July 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258


Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.


Golden Rule For Investors

1. Never Invest More Than You Can Afford To Lose. – Invest Only Extra Money You Normally Spend On Luxury Items Into Hyips. Never Risk The Money You Usually Spent On First Priority Goods. It Isn’t Clever To Invest Money Into Hyip That Is Supposed To Pay Your Housing Bills. High Yield Income Projects Are Always Risky And It Is Dangerous To Risk The Money You Need To Support Yourself.

2. Divide Your Fund – The Best Option Is To Divide The Entire Amount Of The Investment Portfolio Into 8-12 Projects. Example: The Volume Of The Investment Portfolio Is $ 500, It Will Be Optimal To Invest In 8-12 Investment Projects Of $ 40-65 Each.

3.Research The Investment Program Before You Invest – There Are A Series Of Checks You Can Do To Test The Reliability Of The Program. One Way Of Analyzing Hyips Was Posted Here.

4. Withdraw Profit Regularly – And The Body Contributes On Time. If Profits Are Accrued Daily – Withdraw Them Every Day, If Once A Month, Withdraw Them Once A Month, If Hourly Charges – Every Hour. So You Quickly Reach The Breakeven Point.

5. Don’t Be Greedy – Even If You Keep Getting Decent Profits For Several Months, It’s No Reason To Think That This Is Sustainable. A High Yield Project Can Close Any Time. No One Knows When Not Even The Admin Himself. You May Find Yourself With Nothing If You Spent Your Money Recklessly.

Don’t Be Tempted To Invest In So-Called Vip Plans That Offer Extraordinary Profits If You Invest Higher Amounts (>1000$). Those Deposits Are So-Called “donors” That Will Be Used To Pay Regular Users.

Admins Don’t Rob Banks. They Are Simply Moving Money From One Investor To Another.

After All, Big Deposits Don’t Help The Lifetime Of A Project.

6. Stay Away From Projects With Lousy Customer Support. – If You Cannot Get Any Answer From The Support Team, You’re Probably Better Off Not Investing In That Project.

7. For Security Purposes, Each Project Must Use Different Passwords.

8. Keep Your Personal Information A Secret.- Keep As Much Of Your Personal Information A Secret. The Less Information Hackers Know About You, The Lower The Chance Of You Losing Your Money. In Fact, You Might Want To Change Passwords Regularly. Avoid Using The Same Password For Different Accounts/programs And Select Difficult Passwords Which You Can Remember. Also, Have Anti-virus Software And A Firewall To Prevent Any Key Loggers From Stealing Your Personal Data. This Is Your Money, Protect It.

9. Do Not Believe The Huge Interest.- As A Rule, They Show That The Project Is False Or Is A Kind Of Pyramid. Remember, 30-50% Of Monthly Income Is A Rather Adequate Percentage. If You Are Promised To Be Paid More Than 200% Of Your Investment, You Can Be Sure It Is Fraud.

10. Do Not Compound Your Interest – Until You Have Earned Your Deposit Back.
This Reduces The Likelihood Of You Losing Money As Some Programs Do Not Survive For Long, Especially Those Without Sound Business Plans.


Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

Binance Review: The World’s Leading Cryptocurrency Exchange?

At this time, the digital currency exchange market is filled with a wide variety of choices, therefore choosing the right exchange or trading platform can be quite a headache for both novice and veteran cryptocurrency users.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services.

Binance exploded onto the scene in the mania of 2020 and has since gone on to become the top crypto exchange in the world.

Binance: The World’s Leading
Cryptocurrency Exchange?

In our review, we will attempt to outline everything that you need know about Binance, including how it works, the crypto pairs that you can exchange, trading fees/limits, security aspects, and customer support.

How the Exchange Works

Those who visit Binance for the first time will quickly notice that the platform offers two options for digital currency trading- basic and advanced.

Neither the basic, nor the advanced versions are bound to be easy to use for complete beginners. However, anyone with a background in digital currencies and with a bit of knowledge into how exchanges work should be able to use the platform and its different services.

The main difference between the basic and the advanced version is that the advanced one offers more-in-depth technical analysis of digital currency value over time.

At this time, the dashboard for the basic version offers several graphs and charts for the pairs that you’re trading, order books, and trade history.

This is what the basic view looks like :

The Basic view is nicely designed and well laid out, all the information you need is clearly presented with prices on the left, graphs in the center along with the buy and sell boxes and the trade history is presented on the right so you can quickly see what the latest trade prices were.

And this is what the advanced view looks like:

The advanced view uses a dark theme and makes the trading charts larger and the latest trade prices are displayed on the right with the buy sell boxes underneath.

Which you choose is a matter of preference really, I like the lighter colored basic view and find the layout a little easier to use.

Binance Signup & Login

To use the exchange, users will first have to create an account. The process behind this is fairly simple and straight-forward and you don’t have to verify your account for level 1 which is a 2BTC daily withdrawal limit.

For level 2 which allows up to 100BTC per day, you need to upload a photo ID and wait till you are approved. There are higher limits still, but you will need to contact them directly to arrange that.

Time for verification can vary depending on how busy the site support staff are, so make sure to plan ahead if you wish to withdraw larger amounts and make sure this step is complete before depositing and trading large sums on the exchange.

Now, that this is out of the way, users can go ahead and fund their Binance account. While you can choose from a multitude of digital currencies, it is recommended that you stick with either BTC or ETH.

To fund your account visit the “Funds” > “Deposits / Withdrawals” link at the top of the site and find the currency you wish to send, then click the “Deposit” button next to it which will then you give you the wallet address.

You can then send your funds to this address to begin trading on the platform, depending on which currency you deposit it will take different times to show up as this is reliant on that currencies blockchain.

Some currencies like Ethereum are faster than Bitcoin which can take a while.

Now that your account is funded, you can simply start trading, exchanging and investing in various digital currency pairs. Binance offers plenty of choices, as they support all major digital currencies, but also numerous ICO listings and their respective tokens.

At this time, the platform can only be used to generate limit and market orders. This has been considered a disadvantage by some, as many expected trading options that would be more advanced.

Following the placement of your order, simply wait for it to be fulfilled according to the terms that have been set.

How to Trade on Binance

Trading on Binance is fairly straight-forward if you have used any other cryptocurrency exchange before.

To get started, make sure you have deposited some funds – there are options for trading pairs in BTC, ETH, BNB and USDT.

Once you have your funds, at the top right menu, select “Exchange” > “Basic” or “Advanced” to load the trading screen. We will be using the Basic view.

On the right hand side, of the screen select a tab from BTC, ETH, BNB or USDT this is what you will be trading in. Then choose your desired currency from the list. You can also search here and you can create a favorites list by clicking the star next to any currencies.

Once your desired currency has loaded, take note of the left-hand column which shows prices that people are willing to sell at in the top half in red and prices people are willing to buy at in green in the bottom half. The number in the middle shows the last sale price.

Now to place a buy order, use the center box underneath the graphs and you will see the buy box is in green on the right.

You can manually enter a price you wish to purchase at, but a better way is to click a number on the left-hand column.

You can then enter the amount of the currency you wish to buy or click the 25%, 50%, 75% or 100% buttons which will fill it with an amount based on how much of the buying currency you have ( in this case BTC ).

Once your order is placed it will be show underneath in the “Open Orders” section until it is filled.

At that point your new currency will be available under the “Deposits / Withdrawals” menu where you can withdraw it to the wallet of your choice.

Supported Crypto Currencies

Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies, including, but not limited to Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more.

As mentioned before, Binance also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well.

Binance is currently very quick to add new coins and tokens after their ICO which usually means you can purchase them cheaply which allows for greater profit down the road.

They currently offer trading pairs in BTC, BNB, ETH and USDT.

Binance ICO & BNB Coin

Another thing to note is the Binance Coin, which was issued during their own ICO. The Binance coin can be used to pay fees and it will also feature in their future plans to create a Decentralized Exchange where it will form one of the key base currencies.

Purchasing the Binance coin itself looks like a good investment for the future as the exchange plans to use their profits to buy back a portion of the coins every quarter and destroy them: hence decreasing the supply and making them more valuable for holders.

Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.

If you’d like to read more about the BNB Coin, check out our indepth guide.

Binance Fees & Limits

At the time of writing, Binance charges an average fee of 0.1% on each trade that a user makes. Those who choose to pay via the Binance token can get a 50% discount on the trading fee, which is absolutely great news. These are surely some of the lowest fees available at this time.

Withdrawal fees tend to vary for each digital currency. For instance, 0.0005 is charged for Bitcoin withdrawals, and 0.005 is charged for ETH withdrawals. Here are some examples to give you an idea of the fees you will be paying for withdrawals:

Binance Coin BNB 1 BNB
Bitcoin BTC 0.001 BTC
Ethereum ETH 0.01 ETH
Litcoin LTC 0.01 LTC
Neo NEO Free NEO
Qtum QTUM 0.01 QTUM
Status SNT 10 SNT
Bancor BNT 1.2 BNT
Eos EOS 0.7 EOS
Bitcoin Cash BCC 0.0005 BCC
Gas GAS Free GAS

When it comes down to transfer limits, there is no limit on the number of coins that you can deposit. However, without getting verified, users are limited in terms of how much they can withdraw.

Verification will establish you as a level two users, thus lifting these limits and providing a lot more freedom when using the platform.

The verification process requires users to provide Binance with their full name, country, gender, a photo of passport/government-issued ID, and even a selfie with the passport.

Is Binance Safe?

While Binance is one of the newest cryptocurrency exchanges available on the market, it has quickly managed to attain a high level of trust from its users and the digital currency community.

However, the exchange fails to provide users with enough information on how the funds are being secured, yet we like to believe that security is taken seriously. Two-factor authentication is available and is always a nice sight. It is however known that the platform offers a multi-tier and multi-tier system architecture.

Update: In March 2020 Binance suffered a hacking attempt.

The hackers tried to pull off an audacious move which was luckily caught by the automated systems in place at the exchange. For months the hackers had been accumulating people’s logins via a phishing website and secretly installing API access on the affected accounts.

They then struck, converting all the victims altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point, before trying to withdraw the BTC to their own wallets. Luckily no one lost funds as the hack was caught and the only people to lose out were the hackers, whose funds will be donated to charity.

As this hack was made possible by people entering their site logins and 2FA details into a fake website, you should always make sure you are on the correct Binance url before logging in. We recommend you bookmark the site and only use that to access it, never click links from emails, Twitter, Telegram etc.

This event has done a lot to instill confidence around Binance, not only did their automated processes catch the attempted hack before anyone lost any funds, they have since offered a $250,000 bounty to anyone who can help catch the hackers. Throughout this event, Binance acted exemplary and have been praised for their swift action in resolving this.

Binance Customer Support

For an exchange to be successful, it requires a great customer support team, capable of answering all user questions and requests in a timely manner. While the support area on Binance could use a little work, the team is responsive and capable of offering professional aid to traders in need. Support tickets are submitted via an online form featured on the website, and responses are made via email. There is currently no live chat support, nor a phone number where customers can get in touch with the support team.

Other than the CS team, Binance offers a couple of FAQs and articles meant to help users get accustomed to the exchange and the way it works.

It should be noted that customer support on Binance has been known to be slow to respond to customer requests. This is a familiar phenomenon with most of large exchanges and is due simply to the volume of users and amount of support staff.

The exchanges have grown at an explosive rate this past year and the companies simply haven’t been able to keep up with demand. Binance grew fast especially, going from launch to the largest exchange on the planet in a few short months.

Support staff for exchanges have to be carefully vetted and trained due to the technicalities and security requirements involved – unlike other traditional companies where staff can be trained quicker.

Some things to bare in mind are double-checking wallet addresses, make sure you are sending the correct cryptocurrency to it’s corresponding address on the site. Mixups with wallets are one of the biggest mistakes people make when using exchanges.

Other things to note are, try a smaller test payment first if you plan to transfer large sums – it may cost you a little more in fees but will be worth it for peace of mind.

If you do need to contact support, make sure you provide them with enough information to be able to help you first time. Include wallet addresses, times of transactions and any other information you think they might need to help speed up the process.

The Move to Malta

In March 2020, Japanese Newspaper Nikkei reported that Binance was trading in Japan and not following their official regulations. This caused some turbulence in the markets until Binance made an official announcement that they were going to be moving operations to the crypto-friendly island of Malta in Europe, stating :

After reviewing several different locations, the company decided to invest in the European nation due to its existing pro-blockchain legislation and the stability that it offers financial technology companies through its regulatory framework.

This is good news for the company and they even received a warm welcome from the Prime Minister of Malta on Twitter.

Binance also announced that they were in talks with Maltese banks with the goal of providing Fiat transactions, meaning they can offer an on-ramp for fiat to crypto transactions in future along with fiat trading pairs on the exchange.

More good news for Binance, it seems as their profile and reputation within the industry continues to grow.

Launching a Decentralized Exchange

More recent news for Binance and what seems like good news BNB holders is the fact that they are planning to launch their own Decentralized Exchange ( DEX ):

“After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence.”

The BNB digital asset, now an ERC-20 token, will migrate as the native token of that network and be used for paying the trading fees on the new exchange.

Launching a Decentralized Stock Exchange

More good news recently for Binance is that they are partnering with Neufund to build the world’s first Decentralized Stock Exchange.

Alongside the Malta Stock Exchange, they are aiming to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets.

According to CapLinked, the market cap of equity tokens alone is projected to reach $1 trillion by 2020 and thanks to the partnership with MSX, a subsidiary of the Malta Stock Exchange and Binance, Neufund will become the first end-to-end primary issuance platform for security tokens, in particular, equity tokens. It will secure ways for secondary trading of equity tokens and enable companies around the world to fundraise on Blockchain in a legal way while offering much-needed liquidity.

This is more positive news for Binance as they aim to consolidate their position as the world’s number one Crypto Exchange.

Binance Jersey Launch – Now Supports Fiat to Crypto

As of 16th January 2020, Binance has announced the launch of a new Fiat to Crypto exchange named “Binance Jersey“.

The trading platform is live and active and allows you to trade in fiat currencies such as euros and pound sterling, with Europe being their target market.

We have now carried out a full review of Binance Jersey, so take a look for more indepth details about the new platform.

At the time of writing they are only offering four trading pairs with more to follow soon:

Supported Jurisdictions:

Argentina Eswatini (formerly Swaziland) Latvia Romania
Armenia Finland Liechtenstein Singapore
Australia France Lithuania Slovakia
Austria Germany Luxembourg Slovenia
Azerbaijan Gibraltar Macau South Africa
Belgium Greece Malta South Korea
Brazil Hong Kong Mauritius Spain
Bulgaria Hungary Mexico Sweden
Canada Iceland Monaco Switzerland
Chile Ireland Netherlands Turkey
Croatia Israel New Zealand United Arab Emirates (UAE)
Cyprus Italy Norway United Kingdom (UK)
Czech Republic Jamaica Peru Uruguay
Denmark Japan Poland
Estonia Jersey Portugal

Customers who wish to trade in the support fiat currencies will need to carry our KYC procedures by uploading their ID documents such as passport and driving license.

Wei Zhou, Binance’s CFO released this statement about the launch :

“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern. Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the U.K. as part of our global expansion to support broader cryptocurrency adoption”.

If you are familiar with trading on Binance, then you will feel at home on their new exchange – it uses the same engine and the trading screen is laid out in the same fashion with the option to choose between Basic and Advanced views:

To fund your account in fiat, you will first need to complete the KYC process, once that is done you can then deposit funds directly from your bank account by linking it from the Deposits screen.

You can also fund your account with BTC or Ethereum. Once you have your account setup and bank account linked, you can also withdraw funds in fiat currency – this is great news as Binance is now able to offer a way for investors to cash out their cryptocurrencies.

We have upgraded our review scores below and we feel this is a huge improvement to Binance’s Exchange offering, if they manage to roll this out to even more countries ( USA is currently excluded) it could be a game changer as people now have an extra, regulated fiat on and off ramp for their holdings.

Buying Bitcoin with Australian Dollars

On March 20, 2020, Binance announced the launch of Binance Lite Australia, the continent’s first fiat gateway to the world of cryptocurrencies which provides a secure, reliable, and easy to use way to buy Bitcoin with cash in Australia.

The cash-to-Bitcoin brokerage service operates via a network of over 1,000 newsagents across Australia, and currently allows anyone to buy Bitcoin using Australian Dollars (AUD), and there are plans to include additional digital currencies and fiat purchasing options in the future.

Users must first undergo account verification on Binance Lite, and after being successfully verified, users can place online orders and deposit cash at their nearest newsagent, in order to receive their pre-ordered Bitcoin.

The Binance Lite brokerage service is operated by InvestbyBit, an independently operated subsidiary of the cryptocurrency exchange. The service aims to simplify the process of purchasing cryptocurrencies and make digital assets such as Bitcoin readily accessible across Australia.

  • Fees A 2.5% transaction fee (50% discount applied) plus GST on the transaction fee for each purchase is currently being charged as an introductory rate. Therefore, for a $50 order, the transaction fee will be $1.22 and the GST will be 10% of the transaction fee, which is $0.12.
  • Limits The system is currently in its Beta phase, and the minimum purchase amount has been lowered to $30 with the maximum purchase amount capped at $1000. These limits may change over time and only multiples of $10 are being accepted, such as orders for $50, $60, $70 etc.


First time customers are required to go through a one-time Know Your Customer (KYC) document verification. When using the service, it’s necessary to follow the instruction prompts after the order page and go through the verification.

In order to complete the verification process, it’s necessary to submit 1 or 2 forms of government issued ID documents as a Passport, Driver’s Licence, or Medicare card, in addition to your residential address. Any returning customers, who have already completed KYC verification, will be sent to the order summary page directly after opening a new order.

Each account is linked to a mobile number, and users should ensure to use the mobile number provided when first completing the verification process. Anyone choosing to use a new mobile number will be required to complete the ID verification process once again.

Paying by Debit and Credit Card

Binance allows users to make debit and credit card payments for cryptocurrencies via a partnership with Simplex. It’s possible to purchase Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP tokens by Visa and MasterCard and the benefits of using a debit or credit card on Binance include:

  • Swift Transfers: Average 10-30 mins for cryptocurrency to reach your wallet
  • Low Fees: only 3.5% per transaction or 10 USD, whichever is higher
  • Convenient: Visa and MasterCard accepted

In order to purchase the supported cryptocurrencies with a debit or credit card, users can first go through the official instructions page and then visit:

Binance Launchpad and Initial Coin Offerings (IEOs)

Binance Launchpad is the exchange’s token launch platform that aims to connect blockchain projects with the greater cryptocurrency community and enable projects to raise funds while interacting with Binance’s significant user base.

In December 2020, the BREAD and GIFTO projects were able to hold successful token sales on Binance Launchpad and projects such as BitTorrent and Fetch.AI have also held successful launches in 2020.

The platform makes use of the exchange’s native BNB token and rewards users for holding the token as well as allowing it to be used to participate in token sales.

How Token Offerings Work on Binance Launchpad

The ability to part in token offerings continues to attract a significant amount of users to Binance and it’s necessary to go through a number of steps in order to get used to the Launchpad platform.

Anyone interested in a project should first go to the Binance Launchpad website and click on the project page and thoroughly research any of the projects on offer.

If not already done, it’s also necessary to complete your Binance account verification, as token sales are carried out in compliance with the regulatory requirements in supported user jurisdictions.

The Lottery System

Binance Launchpad operates a lottery system which sees that the number of lottery tickets you can claim being dependant on the amount of BNB tokens you hold in your Binance account over a 20-day period leading up to the day of the lottery, with a maximum of up to 5 tickets per eligible account.

The 20 days leading up to the lottery draw date is represented by X below, and by example, 100 ≤ X Binance Hack

At the start of May 2020, Binance suffered their first Hack which we covered here on Blockonomi. In short, a hacker was able to gain access and bypass some of their security measures using key user information, including API keys, used by trading bots and third-party portfolio managers.

They were able to withdraw over $40million worth of cryptocurrency from the exchange.

Binance decided to fully cover these losses using their “SAFU” security fund, and reimbursed all users of any losses they suffered.

The fact that Binance covered these losses, gives us more confidence in their honesty and integrity but also underlines the important fact that you should follow security best practices and only keep small amounts of crypto on exchanges.

Make use of Hardware wallets to store your funds securely as it seems even the biggest exchanges are not immune to this type of attack.


Currently, the matching engine of the exchange is capable of processing approximately 1.4 million orders each second, hence making it one of the fastest exchanges available on the market.

Additionally, the exchange works on all forms of devices, including web, Android, WeChat, and HTML5. Non-English speakers will be happy to know that Binance offers multiple-language support in Chinese, English, Korean and Japanese.

Based on everything that has been outlined so far, Binance is undoubtedly the leading Cryptocurrency Exchange and offers great fees and awesome digital currency support.

As it reportedly has access to abundant resources and partners, chances are that Binance will continue to evolve and offer great digital currency exchange services to its clients.

We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges.

We have continued to update this review since Binance was first launched ( we were one of the first to offer a review of the platform at the time ). And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available.

Their CEO Changpeng Zhao (CZ for short) has been part of the cryptocurrency community and shown high standards of integrity.

Binance the exchange has continued to innovate, bringing new products to market and new options for purchasing and trading cryptocurrencies to all corners of the globe.


Ease of Use


Customer Support

Payment Methods

  • Easy to Use
  • Low Fees
  • Good Support
  • Lots of Listings
  • Good Trading Interface
  • Doesn’t offer phone Support

Daniel Dob is a freelance writer, trader, and digital currency journalist, with over 7 years of writing experience. His main niches are cryptocurrencies, business, fintech, internet marketing, and finance. When he’s not writing, you can find him reading, traveling, or taking one of his hobbies to the next level. Contact [email protected]

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Can I just buy iota and kept them and sold them after ayear

We recommend you withdraw them from the Exchange to your own wallet to hold them. The official IOTA wallets are located here :

How long can you store your currency on binance I’m intending not to buy Just deposit and hope my coins surge will it be allowed. Do they charge if I want to resend to my hard wallets

So i transferred Litecoin to Binance now I cant even log in due to the 2FA . Does anyone know a contact number for them?

You can submit a ticket to the Binance Support team here:

Same here.
Made a deposit and now i can’t get in because Binance can’t send me anymore SMS for authentication. Can’t get in touch with Binance for over 3 days now. They keep replying with standard emails,also from the requests. Is my ether gone now?

I would wait for a reply from a customer service person, the site is undergoing growing pains with a huge influx of new users at the moment.

Same. I signed up a few days ago and now I can’t get into my account due to not receiving the SMS auth. I feel as if I have been hacked

Same situation Binance shows coin holding deposited into account. I have been trying for several days to withdraw coins to put in wallet. Is therte a settlement period. SMS code will let you sign into account, but when you go to make a withdraw it mysteriously doesn’t work.

SMS code they send says good for 30 mins when you receive it. Enter the code and it tells you when you bad tag# or code expired. Trying to do google 2FA sign up is a joke without very good instructions. If your new to Binance “Don’t keep a lot of funds in account”. No email response except general FAQ’s on their website. Make sure you take a screenshot of your holdings, “JUST IN CASE”.

Same situation here with me. I have not been able to do any withdraw at all! Furthermore, they have continually ignored all my tickets. There are so many issues with the support that I don’t know where to begin. Binance staff very lacking in English is the heart of the matter and I’m very concerned with this exchange.

SMS is for mainland China only

No, I get it in a few seconds here in India.

I can log in ok with their SMS but get an error message when I want to withdraw saying the SMS code is wrong.. Keep away for them and Being based in Malta it is hard to get decent service..

make sure your smartphone and pc have the local time synched for 2FA to work

I bought some Ripple on Binance. Does Binance has their own wallet? or Do i need to find another Wallet to store my Ripple?

on binance you have your own wallet of each currency

phuong dinh did you ever get an answer? Because, I would like to understand how to transfer, collect and automatically deposit my earnings into a wallet and what wallet is the best? Hello phong dinh, my name is Larry Pratt from Toledo, Ohio in the USA, and I am considering investing, but do not understand the most efficient and effective method to learn which of the investments are best! Thanks for any guidance you can give me. Sincerely, Larry

Enjin Wallet, has just about every currency on it and is the most secure yet unless you use a Nano s ledger USB

Hi Larry. Like all other exchanges, Binance has it’s own wallet for you whenever you buy any cryptocurrency. Once you buy any cryptocurrency on its exchange, it gets deposited under your Binance account and you can see your holdings under ‘Funds’, then select ‘Balances’. Having said this, it is always advisable that people avoid keeping it on the exchange because it is more secure storing it in your external wallet. Hope this helps.

after buy the cytro currency how to transfer to my trezor for cold storage safe ? possible ?

Make sure your currency is supported by the wallet, then visit the “deposits withdrawals” link in Binance, find your currency and click the “withdrawal” button and enter the address given by your wallet.
Make sure you double-check the address is correct and I would recommend sending a small amount first to check everything’s fine before sending the full amount.

Hope that helps ��

Hi , I have not been verified what is should I do, I have submitted my id so many time, can you please help

are there fees to withdrawing altcoins (i.e. ripple or tron) from Binance and move to wallet? What wallet would you recommend Mr Dale? Also, my other question is if I sell all my coins in binance and don’t want to buy or hold any coins where can I keep my uninvested money?

@ Oliver Dale trying to transfer XLM to one of Stellar’s wallets. Binance requires a XLM withdral address and a XLM withdrawl memo. Where is the withdrawl memo located? I take it the Withdrawl address would be the wallet address. TIA

Minimum withdrawal:21 XLM。
Do not withdrawal directly to a crowdfund or ICO. We will not credit your account with tokens from that sale.
XLM Withdrawal Address

XLM Withdrawal MEMO No MEMO

can i deposit the australian dollor to cryptocurrency

You can purchase BTC, Litecoin or Ethereum from Coinbase and then send that to Binance to purchase other currencies.

Hi. Yesterday i made few transactions. Btc to trx. But out of that 3 transaction are still not deposited in my account and its in open order. Whats the reason. Its almost 20 hours now. Please let me know. Is it normal to take that long for transactions. Thanks

Maybe the price of your chosen currency went up and your order didn’t get filled?

Becaue it defaults to a limit order not a market order giving you the opportunity to place an order and leave and if the price hits your target buy price it will buy. Switch to market and get the market rate

I definitely recommend binance

Hi yesterday I submitted my verification requirements for binance but I did a mistake I upload my driver license twice instead of my photo with the driver license what I need to do to fix it and also can I deposit and withdraw before getting verified

You have up to 2BTC per day withdrawal limit without being verified, so you can contact customer support and in the mean-time make sure you stay under that limit and you will be fine.

2 btc/day withdrawal means altcoins worth 2 btc as well? or straight btc?

Hey Sven, they will estimate the value of your Altcoins in a BTC value. so the total BTC Value cannot exceed the 2 BTC limit without the second level

all my wallets in binance don´t open the address field for make a withdrawal but open for deposit .last 3 days i try withdrawal some coins, more them the minimum allowed, and i can´t.
someone have an idea what´s pass…thanks…sorry my english

how to make a deposit?? i just joined and want to start what do i do with the deposit address?? where do i go .

In the top menu, hover over “funds” and click the “Deposits Withdrawals” link.
Then next to your currency you want to deposit to, click the “Depositi” button and an address will appear for you to send your funds to.

I’ve been able to deposit ETH into my binance account – and it’s showing the successful deposit. I know what to convert ETH to XVG and send that XVG to my digital wallet, but each time I try, I get an error saying amount too low. When I click on Verge and the withdraw that’s where I get that error. Am I missing a step? I followed your guide on

I placed an order four hours ago and it’s still sitting in “in orders” any idea how long it should sit before I cancel?

Maybe the price of your chosen currency went up and your order didn’t get filled, you can cancel it and place a higher bid or leave it if you think the price will go down.

Can I fund Binance using my Revolut account? Or does it have to be a specific wallet?

You have to fund it with cryptocurrency, such as Bitcoin or Ethereum which you can purchase with Fiat from coinbase –

But coinbase isn’t available in every country, is there another way i can buy bitcoin with a debit card? I have an Binance account and would like to fund my account a,s,a,p.

I just deposited some litecoin from Coinbase to Binance. Question. If I want to buy another currency on Binance (for example, (POE), can I do that with my litecoin I just sent over to Binance? I noticed there’s no option for that since everything is to bitcoin. So does Binance have an option to convert litecoin to bitcoin or do I have to first buy bitcoin using my litecoin in Binance..then once I have bitcoin in Binance, buy whatever crypto i choose afterwards? Thanks

Yes, you will need to swap Litecoin for Bitcoin and then trade that for other currencies.

Am just wondering if the swapping you mentioned will cost any additional fee?

as i do not know if Binance will consider this “swapping” as a trade.

Yes, of course when Oliver mentioned “swap” he referred to trade. Sell your LTC and receive BTC, then use the BTC to buy POE.

If you buy/exchange crypto on binance for the purpose of holding and not trading, will your crypto move with the market to see profit/loss?

I bought some ripple on binance on Sunday and in the last 24hrs it’s up 46% but my binance balance is the same as Sunday ��

I got an email from binance saying that my IPA siting been changed and if I did not do that I should deactivate my account and contact binance I check my account and sure my XRP coins disappeared so I deactivated my account the problem that I been trying to contact binance but no reply multiple emails and multiple requests and no reply
My account is locked and I have no access to my funds
I got screwed stay away

What does the “in order” column mean in the the Deposits and Withdrawals (holdings) page? I have x Total Balance of BTC, Y Available Balance, and Z In Order (Z=X-Y).

My best guess is it’s waiting for an order to be filled. (I did a bunch and lost track) Other reasoning could be that I had just deposited BTC and it’s waiting for it to clear?

I’m annoyed there isnt much of a description for these things on the site.

For Binance withdraws, will the same coinbase account that I used to make my deposit appear, or do I need to put in a hard address of my coinable account?

Binance is a great platform and I’ve been using it for some time now and have no come by any problems or issues. Its is simple and its fees are reasonable and cheap and for an exchange/wallet it has a decent referral program.

Hello please I want to know if there is a minimum deposit in ETH I need to make on binance before I can trade there. Like bittrex you have to deposit minimum of 0.1eth is there such in binance?

Am just wondering if the swapping you mentioned will cost any additional fee?

as i do not know if Binance will consider this “swapping” as a trade.

swapping is trading

Hi ,
can i deposit and withdraw XRP to and from Binance XRP wallet without verification ?

Binance and Kucoin are the best exchanges right now!

Also in 2020 bitshares can be interesting

I also have good smooth experience in all aspect, trading, fund transfer etc. They are reliable and excellent.

Hi, thanks for the insight.

Just curious after reading your post – will Bitfinex accept ETH from Coinmama? I’ve read Bitfinex do not accept ETH from Coinmama as it is a smart contract. If not, do you know if Binance will or alternatively, will it accept bitcoins instead of ETH? Do you recommend other exchanges that I can buy IOTA. Will I need to set up an intermediary wallet or can I transfer bitcoins or ETH directly from Coinmama to Binance or Bitfinex?

I would like to transfer funds from Coinmama to these exchanges but prefer it be painless and learn from others who’ve actually gone through the process. Thanks in advance.

have funds on binance new account , i go to the exchange and it says zero fund so i cant buy ?

They have an android app which is pretty good

In your desktop client, there is no pricing in reference to a candle on the chart, only in trading book. Is there a way to turn it on just like on the web app?

Should be pretty standard, cant attach .png .jpg for better illustration.

Thanks ahead for feedback.

Is that right Binance is the only serious market for IOTA now? According to official IOTA forum:

Can i deposit BTC through my e wallet over to Binance and then swap into XRP? Or must you have to go through Coinbase?

I just opened a Binance account. Tried to transfer ETH from GDAX. When I click on Deposit in Binance, I am not getting the ETH address. Do I need to complete my verification to get the adress?

what does mean Coins will be deposited immediately after 30 network confirmation? i transfer some ETH to Binance from Coinbase but hasn’t come.

What is the best exchange if you are a “scalp” trader? Multiple trades through out the day? USA based trader. Thanks

We posted our list of exchanges for traders here :

Binance or Kucoin are my current favourites.

I´m trying to get a level 2 withdrawal limit, however my application was rejected due to the cover of my passport being faded. I take it everything else was fine, but since I use my passport quite a lot, it has faded over time. You can still make out the logo, but it has lost the golden ink. What can I do?

Get a replacement passport or use different ID

Hi Oliver,
Thanks for your review.
I’m trading at Binance for some weeks now and i’m satisfied with this platform. So far i thought that the FIFO method comes in place if i’m selling coins (e.g. bought 3 times 300 pcs. each at different prices on diff. dates, if i sell later on 300 pcs. the first bought ones will be sold). But today somebody told me it could be that they pick up the average price of all 900 pcs. Do you know how Binance operates?

And, do you have a suggestion for a similar software solution to (having API problems again and again)?

Thanks a lot.
Reg. B

It’s a complicated issue for sure, you didn’t mention where you are based so the laws differ.
The best thing is to seek advice from an accountant – something I’m also doing at the moment.

They suggest to buy BNB to pay fees but there is a problem, BNB now is very expensive and you aren’t allowed to buy a small quantity.
This problem is called Binance’s problem with decimals, it also affects other coins. If you have a small remaining you can’t trade it.

Another problem, there is no window to see your profits.

How can I know Binanace add new crypto ?

Check the news by clicking the tab on top line.

Does binance allow usd to be deposited , or allow coins to redemended for usd and withdrawn?

How can I use binance api for automated trading on Tab Trader?

Oliver Dale you seem very knowledgeable of this site. Signed up but I can’t figure out how to add money. Can you help me.

Hi Binance friends.
For those of you who didn’t know Binance is open for new application ��

Nice try with the ninja-referral link.
But no, you can NOT register for a new account on Binance at this time.

“Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade. We apologize for any inconvenience caused.”

Binance is now accepting new applicants.

I’m a beginner into crypto and have a question, is some can answer please.

Can Binance be at risk since it’s a Chinese exchange and the Chinese government is after crypto?

Binance bans Chinese resident access to cooperate Chinese government but do not pose any issue on other countries. I think they try to settle down outside China, but not sure of latest status.

Binance relocated to Hong Kong

After a trade where I bought some currency (let’s say XRP) using BTC, I try to sell everything of that currency (XRP) to retrieve BTCs. However, there is always some of that currency left in that currency wallet. If I try to buy BTCs with them, it says:”Order failed: Insufficient balance”. So my money starts to spread across many wallets (Very small chunks that I cannot move from these wallets). Is there a way to avoid that?

i hear you i have tried to sell several of my tokens it always tells me i cant sell nothing because i dont have enough units to sell whats up with this

Binance is on of the best exchange. Fee are realy low, only 0.050%. Site is fast and it’s easy to buy and sell coins. You don’t need any documents to first step of identification so you can withdraw 2 bitcoin every 24h.

Thanks for the explanation I just now register my account from your link

Every thing is clear for me but how I know how much I earn & lose per coin?

Is there any way to see profits and losses on particular trades in Binance or do i have to do it manually?

I activated the touch in option on my phone and my phone does not support the fingerprint touch in how do I get that off so I can get into my app?

I’d like to know how much is the minimum deposit in every coins in binance?

I have been in confusion for many days, once I transferred my but coins into binance, I could start trading right? So, suppose I have bought 1000 ripple coins and I sold them and made 20% profit, my balance converted to bit coin again right… What’s bitcoin value decreases 20% right at the same time. Here did I made profit or incurred loss??

Please somebody answer this.
Prakasha G S

Sorry, I meant bitcoin, because of auto correct it was changed to but coin. Apologies
Prakasha G S

Just bought some fun fair , about 160 units , and withdrawal costs me 143 . My wallet recieved only 17 units . Is that normal fee or i missed something ? By the way i’m noob .

Run, don’t walk, away from this exchange. There is *no* customer service available and no way to reach it if there were. There is no way to close or delete your account. Once you have given them your information, you are stuck.

So, Binance, Robin Hood, Changelly…all relatively low fees to exchange crypto for crypto, but who has the lowest fees on exchanging the crypto into USD?

And…after you exchange it for USD, who has the lower transfer fees to get the USD from my coin exchange into my BANK account??

Would appreciate a reply, and if you could either supply the answers to BOTH questions (the one for fees from crypto to USD and for moving the USD to the bank), OR copy and paste links to the places the information can be found on each exchange.

It is great that Binance only charges 0.1% for conversion from crypto to crypto but I can’t find a fee schedule on Binance, Changelly, or Robin Hood that tells me how much it costs to convert the crypto into USD, and then their fees for transfer to a external bank account. I can’t imagine Binance offers the same VERY low rate on transfer to a bank as they do on crypto to crypto exchange.

I assume part of their justification at all of these companies for offering such LOW fees for crypto to crypto exchange is because it keeps your assets IN HOUSE and then, in theory, more likely to leave your currency where it is because they’re the lowest on conversion fees. For example, Binance is a China run, China based company. Using them because of the 0.1% fee seems great in the beginning but once that is converted from crypto to USD, it sure as hell isn’t going to be FREE for someone to move their money from China to the US. International bank transfers usually carry a pretty hefty cost. For that reason alone, unless I see something in writing on what that scenario would cost me from start to finish (crypto to crypto, then crypto to USD, then move USD to my bank) for each of these crypto to crypto companies….I won’t be using any of them.

The only reason I am asking is because I spent quite a long time researching all of these things and I can’t find those answers from those 3 very popular exchanges anywhere on their own websites or elsewhere on the internet. These 3 are fairly large entities, and popular with consumers. You’d think they’d skip the cliche snake oil peddling, company biased fine print loopholes that ALWAYS exist, and leave no question hanging with a vague description that truly doesn’t commit them to any promise to the consumer using their product.

If they aren’t big enough to be able to state all of those fees up front in an easily understood, and easily FOUND fashion these exchanges are worthless. People will get hardware wallets and hold onto it until they DIE before they let everything they’ve bought or mined get pilfered over and over off of the top from one exchange to the next and one transfer to another holding. I’ve read so many nightmare stories about money not showing up, money disappearing, money simply STUCK because of minimum transfer amounts that companies have set, and….finding out the hard way that the app or software they used to mine was malware and as soon as they transfer it to what they thought was their coin wallet turned out the money was jacked and put into an account by the app creator and their cohorts. Never a day goes by without one of those reviews landing on their app in Google Play or on their actual business website as feedback posts.

Crypto will get outlawed if these companies and app creators don’t stop fleecing people. America’s credit consumer council will push Congress to outlaw it if too many people invest MILLIONS by buying Bit or Eth, and moving it….then losing it ALL. Fraud. That would be a case of fraud and they don’t like crypto to begin with. There are 5 countries that crypto is illegal in. I wouldn’t doubt that in another year’s time that list will grow if LEGIT crypto outfits don’t start doing something to warn consumers and steer them in the direction of companies that won’t rob them blind. It is in ALL of their best interests to not just promote themselves but also to promote their fiercest competitors. If they can use the word compete in reference to someone else’s company, that means they are viable enough to be competition to everyone that is in par with them or knows damn well their competitor has integrity and is worthwhile for a consumer to use; they should be recommending them to keep consumers SAFE and IN the market as best as they can.

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