Summary Overview
- Number of Cryptocurrencies: Over 500 cryptocurrencies & trading pairs
- Website Languages: Available in 40+ languages, including English, German, French, Spanish, Russian, Italian, Portuguese, Polish, Chinese, and more
- Support Languages: Support provided in all available languages
- Payment Methods: Credit Card, Bank Transfer, PayPal, Skrill, Neteller, SEPA, and more
✅ Wide selection of cryptocurrencies and trading pairs
✅ Leading and trusted global exchange
✅ Strong security measures and asset protection
✅ Responsive and knowledgeable customer support
✅ Futures, margin, and spot trading options
✅ Demo mode available for practice
>> Buy and sell cryptocurrencies on Binance <<
**70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Investing in cryptoassets is subject to regulation in the EU under the Markets in Crypto-Assets (MiCA) framework. In the UK, cryptoasset activities are currently unregulated, offering no consumer protection. Your capital is at risk.
– Please note that this content is not intended for US users and may not comply with US regulations. –
Binance: A Leading Global Exchange
In recent years, Binance has rapidly gained popularity, becoming one of the leading cryptocurrency exchanges not only in Europe but worldwide. Founded in 2017 by Changpeng Zhao (CZ), Binance quickly rose to prominence thanks to its user-friendly platform and wide range of trading options. The company is headquartered in Dubai and operates under regulatory frameworks in multiple countries, ensuring compliance and user protection.
Binance specializes in cryptocurrency trading, offering spot trading, futures, margin trading, and staking. Unlike many other platforms, Binance has one of the most extensive selections of cryptocurrencies, currently listing over 500 different cryptocurrencies and trading pairs. This includes major assets like Bitcoin (BTC), Ethereum (ETH), and BNB as well as smaller, emerging tokens.
Binance is known for its robust security measures, competitive fees, and innovative features. It also provides advanced tools for both beginners and experienced traders, including copy trading, futures contracts, staking options, and high-liquidity markets.
What cryptocurrencies can I buy on Binance?
Binance currently offers over 500 cryptocurrencies for trading. This includes major coins like:
Binance fees and charges
The fees are very easy and too quick to find in the general information. From our point of view, this is very praiseworthy. As of 13.03.2025, Binance charges the following fees for cryptocurrencies:
| Cryptocurrency/Pair | Spread | Sell | Buy |
|---|---|---|---|
| Bitcoin (BTC) | 0.10% | -346.287 | -346.287 |
| Ethereum (ETH) | 0.10% | -0.106451 | -0.106451 |
| Cardano (ADA) | 0.15% | -0.000035 | -0.000035 |
| Binance Coin (BNB) | 0.10% | -0.045153 | -0.045153 |
| Solana (SOL) | 0.20% | -0.06574 | -0.06574 |
| Ripple (XRP) | 0.25% | -0.003307 | -0.003307 |
| Dogecoin (DOGE) | 0.30% | -0.005319 | -0.005319 |
| Litecoin (LTC) | 0.20% | -0.045153 | -0.045153 |
Note that the above fees apply only to leveraged buy positions, as well as all sell positions and all crypto pair positions (but not to buy “real” cryptocurrencies without leverage). Furthermore, there is a handling fee for the payments. You will see the respective withdrawal fee in the cashier area after you have entered the withdrawal amount. For payouts greater than 50 USD, this is 2.5 USDT.
Since all trading accounts are denominated in US dollars (and not euros), a conversion fee is also charged for deposits and withdrawals. That’s why your deposit will be converted into US dollars immediately. This happens at the current exchange rate. If you want to use the Binance Wallet, there will be additional transaction fees if you send your cryptocurrency from the platform to the mobile app. More details about the mobile App/Wallet from Binance can be found below.
| Cryptocurrency | Min. Payout Amount | Fee |
|---|---|---|
| Bitcoin (BTC) | 0.001 BTC | 0.0005 BTC |
| Ethereum (ETH) | 0.01 ETH | 0.0008 ETH |
| Ripple (XRP) | 20 XRP | 0.25 XRP |
| Litecoin (LTC) | 0.01 LTC | 0.001 LTC |
| Bitcoin Cash (BCH) | 0.01 BCH | 0.001 BCH |
| Stellar Lumens (XLM) | 10 XLM | 0.01 XLM |
In addition, Binance does not charge an inactivity fee. However, fees are subject to change without notice.
How do I set up an Binance account?
The first step in setting up an account with Binance is to go to the official website binance.com. Once on the homepage, click on the yellow “Register” button at the top right corner of the page.
Add these informations:
- Email address or mobile phone number
- Password
- Referral code (optional)
- Next, click on the “Create Account” button.
Binance will then send you a verification code to your email or phone number to confirm your identity. Enter the code to verify your account.
It’s so quick and easy to set up your Binance.
After you have successfully completed the registration process, you will automatically be logged into your Binance account. Your current account will have certain deposit and withdrawal limits since your identity has not yet been verified. For example, unverified accounts typically have a daily withdrawal limit of 0.06 BTC or its equivalent in other cryptocurrencies.
To unlock higher limits and access the full range of features on Binance, you need to complete the Know Your Customer (KYC) process. This includes verifying your identity, address, and in some cases, tax identification number. This process is required to comply with international anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
Verification is completely free and can be done in just a few simple steps:
- Go to your profile and click on “Verify”.
- Submit the required documents, which may include:
- Government-issued ID (passport, national ID card, or driver’s license)
- Proof of address (utility bill or bank statement)
- A selfie or facial recognition to confirm your identity
- Once submitted, Binance will process your documents, and verification is usually completed within 24 to 48 hours.
Once your identity is verified, your account limits will be increased. For example, fully verified accounts can withdraw up to 100 BTC per day and access higher deposit and trading limits.
| Payment Method | Supported Countries | Transfer Time | Maximum per Transaction |
|---|---|---|---|
| Credit/Debit Card | Worldwide | Instant | $50,000 |
| Bank Transfer (SEPA) | Europe | 1–3 Business Days | Unlimited |
| PayPal | Available in select countries | Instant | $25,000 |
| Skrill | Available in select countries | Instant | $10,000 |
| Neteller | Available in select countries | Instant | $10,000 |
| WebMoney | Available in select countries | Instant | $50,000 |
| Faster Payments (UK) | UK | Within minutes | £250,000 |
| Google Pay / Apple Pay | Worldwide | Instant | $10,000 |
Binance has the special feature that both “real” cryptocurrencies and crypto futures can be purchased and traded on the platform. (Futures trading is not available to US users due to regulatory restrictions.) Futures trading involves contracts based on the value of the underlying asset rather than direct ownership.
To trade on Binance, you must remember the following: All buy positions in spot trading are executed as real investments. When you purchase a cryptocurrency through spot trading on Binance, you are buying the actual asset. Binance holds the cryptocurrency in your account, and you have the option to transfer it to an external wallet or keep it within your Binance wallet.
All buy positions with leverage are executed as futures contracts. Futures contracts are derivatives — financial instruments whose value depends on the performance of the underlying asset. These are specialized and popular financial products that allow traders to speculate on price movements in a variety of financial markets without actually holding the underlying asset.
Binance offers up to 125x leverage on futures contracts, allowing traders to amplify potential returns. However, it also increases the risk of significant losses if the market moves against the position. When trading futures, you are not acquiring the underlying cryptocurrency but instead entering into a contract reflecting its market value.
By providing both spot and derivatives trading, Binance allows users to engage in different trading strategies — from direct ownership of crypto assets to high-risk leveraged trading.
>> Buy and sell cryptocurrencies on Binance <<
**70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Investing in cryptoassets is subject to regulation in the EU under the Markets in Crypto-Assets (MiCA) framework. In the UK, cryptoasset activities are currently unregulated, offering no consumer protection. Your capital is at risk.
To buy actual cryptocurrency (not a futures contract) on Binance, you must first click on “Markets” in your account, then on “Spot” and then on the desired cryptocurrency, e.g., Bitcoin (BTC). The following screenshot shows you an example of the process:
The letter ‘Buy’ stands for buying Bitcoin and ‘Sell’ for selling Bitcoin. Click on the “Buy” in the Bitcoin line. A new window will then open.
You don’t need to make any other settings except to enter your desired amount in US dollars (or other supported fiat currencies). You can choose between different order types:
- Market Order – Buy instantly at the current market price.
- Limit Order – Set the price at which you want to buy.
- Stop-Limit Order – Set a stop price that triggers a limit order when reached.
As soon as you click “Buy”, the order will be placed. Your transaction will then be executed within a few seconds.
Under “Wallet” or “Portfolio” you can now see your bought cryptocurrency and have the option to buy or sell more (“S“), as well as track the price trend.
Buy cryptocurrency Futures
To buy cryptocurrency futures on Binance, you have to click on “Buy” to buy, e.g., Bitcoin (BTC). After that, you will see the trading interface:
Here you set the amount of money you want to invest in this trade as usual. Then you have to adjust the leverage multiplier — Binance offers leverage up to 125x on certain cryptocurrencies. You should carefully adjust the leverage based on your risk tolerance.
You should then check your Stop Loss and Take Profit settings:
- Stop Loss means that you close a trade if the Bitcoin price reaches a specific market price or loss threshold that you set. This helps you to limit potential losses.
- Take Profit determines when your trade is automatically closed when your profit reaches a predetermined target. This helps you lock in gains.
After configuring your order, you can click “Open Trade.” The trade will be executed immediately when the market is open.
It’s important to note that Binance charges funding fees (similar to overnight or rollover fees) for futures contracts. These fees are calculated based on the difference between the contract price and the spot price and are settled every 8 hours. The applicable fees will be displayed in the trading window before you place your order.