Binance has solidified its position as the leading cryptocurrency trading platform, boasting over 280 million users and daily transaction volumes exceeding billions of dollars. Since 2017, this exchange has transformed access to digital assets. But what truly lies behind this crypto giant, and does it still deserve its reputation as the top exchange in 2025?
Binance is much more than just a cryptocurrency platform. Founded in July 2017 by Changpeng Zhao (CZ), this Chinese company turned global derives its name from the combination of “Binary” and “Finance,” perfectly symbolizing its mission to democratize digital finance through blockchain technology.
In just a few years, Binance has managed to become the world’s largest exchange in terms of transaction volume. This meteoric rise can be explained by an aggressive international expansion strategy, a diversified service offering, and particularly competitive fees that have attracted millions of investors worldwide.
But Binance is not content with being just an intermediary for buying and selling cryptocurrencies. The company has developed a genuine blockchain ecosystem with the creation of Binance Smart Chain (BSC), an Ethereum-compatible blockchain that enables the deployment of decentralized applications (DApps) and smart contracts.
This alternative blockchain offers faster and less costly transactions than the Ethereum network, attracting many developers and DeFi projects. At the heart of this ecosystem is the BNB (Binance Coin), the platform’s native token.
Today, with hundreds of millions of users across more than 180 countries, Binance processes over 30% of the total crypto market volume daily. This dominant position makes it a key player, but also a prime target for regulators worldwide.
Binance distinguishes itself from competitors through the richness and diversity of its features, offering much more than a simple service for buying and selling cryptocurrencies. This platform provides a complete ecosystem that caters to both beginners and the most demanding professional traders.
Spot trading forms the core of Binance’s offering. This feature allows users to buy and sell cryptocurrencies instantly at market price. The interface offers two distinct modes: a simplified version for beginners with essential features, and an advanced version equipped with sophisticated technical analysis tools, real-time charts, and customizable indicators.
Margin trading allows experienced users to borrow funds to amplify their positions. Binance offers leverage of up to 10x on spot trading with margin, allowing users to multiply potential gains, but also risks. This feature comes with an automated risk management system that liquidates positions in case of excessive loss.
Binance Futures represents one of the world’s most popular futures trading platforms. It offers perpetual and fixed-term contracts with leverage of up to 125x on certain pairs. Traders can choose between USDT-M contracts (margined in USDT) and COIN-M contracts (margined in the underlying cryptocurrency), offering maximum flexibility according to investment strategies.
The platform also offers options on Bitcoin and Ethereum, allowing sophisticated traders to implement complex hedging or speculation strategies.
Binance Earn encompasses all products that generate passive income on your cryptocurrencies. This range includes staking, which allows users to validate transactions on Proof-of-Stake blockchains and receive rewards in return. Binance offers staking for more than 100 different cryptocurrencies, with annual yields potentially exceeding 20% depending on the assets.
Flexible savings products allow you to deposit cryptocurrencies without a lock-up period, with the ability to withdraw your funds at any time. Fixed savings products offer higher returns in exchange for a commitment over a set period.
The integration of decentralized finance (DeFi) allows users to access DeFi protocols directly from the Binance interface. Binance Launchpad serves as the platform for launching new blockchain projects, allowing BNB holders to participate in token sales before their public listing.
The Binance NFT marketplace allows users to buy, sell, and create non-fungible tokens, while integrated trading bots automate certain investment strategies such as DCA or grid trading.
Binance offers one of the most comprehensive catalogs in the cryptocurrency market, with over 600 digital assets available for trading.
Major cryptocurrencies naturally hold a prominent place on Binance. Bitcoin (BTC) often represents more than 40% of daily trading volume, and Ethereum (ETH) is the second most traded asset.
Altcoins like XRP, Solana, Cardano, Polkadot and Avalanche also benefit from exceptional liquidity on Binance, ensuring reduced spreads and optimal order execution.
Binance distinguishes itself by its ability to quickly identify and list promising projects. The platform offers privileged access to tokens from the DeFi ecosystem, cryptocurrencies focused on gaming and metaverses, as well as tokens related to artificial intelligence and Web3.
Binance offers more than 2,000 different trading pairs, including crypto/crypto, crypto/stablecoin, and crypto/fiat pairs, allowing traders to implement sophisticated arbitrage strategies.
The Binance Coin (BNB) deserves special attention as the native token of the ecosystem. Currently occupying the 5th position in the market capitalization ranking with a valuation of over $95 billion, BNB has evolved from a simple utility token to a full-fledged cryptocurrency.
At the heart of Binance and the Binance Smart Chain, BNB fulfills two essential functions. Its first utility is to reduce trading fees by up to 25% when users choose to pay their commissions on Binance in BNB. Then, on the Binance Smart Chain, BNB serves as a gas token for all transactions, giving it a fundamental utility.
Binance implements quarterly burns of BNB, permanently destroying part of the circulating supply. These operations aim to gradually reduce the total supply from 200 million to 100 million tokens, theoretically supporting the token’s value in the long term.
BNB has demonstrated remarkable performance since its launch, rising from an initial price of a few cents to over $680, supported by the growing adoption of the Binance ecosystem and the development of BSC.
Let’s now look at the strengths and areas for improvement of the Binance platform.
Spot trading fees on Binance amount to 0.10% for makers and 0.10% for takers. Using BNB to pay fees allows for a discount of up to 25%, bringing effective fees down to 0.075%.
The VIP program rewards high-volume traders with progressive discounts. This nine-tier system takes into account 30-day trading volume and BNB balance held. Here are some examples:
Binance charges no deposit fees for cryptocurrencies. Withdrawal fees vary depending on the cryptocurrency: Bitcoin charges about 0.0005 BTC, Ethereum 0.005 ETH, while withdrawals on Binance Smart Chain cost only 0.0005 BNB.
Fiat deposits via SEPA transfer are free. Credit card purchases incur fees of 1.8%, while fiat withdrawals by transfer cost 0.8 euros in Europe.
| Exchange | Maker Fees | Taker Fees | Crypto Deposit | Fiat Withdrawal | |
|---|---|---|---|---|---|
| Binance | 0.1000% | 0.1000% | Free | 0.8€ | |
| Bybit | 0.2000% | 0.1500% | Free | Variable | |
| Bitget | 0.02% | 0.06% | Free | Variable | |
| Coinbase | 0.40% | 0.60% | Free | 25$ |
Let’s now see how to create an account on the platform in 5 steps.
Go to the official binance.com website and click on “Register.” Enter your email address and create a strong password containing at least 8 characters with uppercase letters, lowercase letters, numbers, and symbols. A verification code will be sent to your email address to be entered within 30 minutes.
KYC verification is a mandatory step to unlock advanced features. Click on “Verify now,” select your country of residence, and fill out the form with your personal information exactly as it appears on your ID.
Upload a clear photo of your ID (national card, passport, or driver’s license) and a proof of address less than 3 months old. Documents must be fully visible, not expired, and of good quality.
Complete the facial verification by taking a real-time photo of your face. Follow the instructions: look straight ahead, blink, or turn your head as requested. This step compares your face to the photo on your ID.
Immediately activate two-factor authentication (2FA) via Google Authenticator. Download the app, scan the QR code, and carefully note the backup code. Set up security notifications to quickly detect any suspicious activity. Your account is now ready!
In 5 steps as well, we’ll see how to buy your first cryptos on Binance.
Log in to your verified Binance account and click on “Buy Crypto.” Choose between “Credit Card” for immediate purchase with 1.8% fees, or “Bank Transfer” for a free but slower deposit (1-3 business days).
Head to the “Trading” tab, then “Spot”. Use the search bar to find the desired cryptocurrency and select the appropriate trading pair (BTC/EUR to buy Bitcoin with euros, BTC/USDT if you have USDT).
Choose the order type: a market order executes immediately at the current price, a limit order allows you to set the purchase price. Enter the amount to invest or the quantity of cryptocurrency to buy. Binance automatically calculates the applicable fees.
Carefully check the transaction details: cryptocurrency, quantity, unit price, and total fees. Click on “Buy” to confirm. Market orders execute almost instantly, limit orders remain pending until they reach the set price.
Your cryptocurrencies appear in your spot wallet. Consider transferring them to an external wallet for maximum security. Set up price alerts and use stop-loss and take-profit tools to automate management according to your objectives.
With more than 280 million active users worldwide, Binance stands as the largest crypto platform on the planet, by far. This massive adoption testifies to the trust placed in the exchange by the global crypto community.
The crypto community generally expresses high satisfaction regarding the fundamental aspects of Binance. Traders particularly appreciate the exceptional liquidity that ensures optimal execution of orders, even for large volumes. The competitive fees, especially with the 25% BNB discount, are regularly hailed as a decisive advantage over the competition.
The complete ecosystem offered by Binance attracts a broad user base: from spot trading to futures contracts, staking, DeFi, and NFTs. This diversity allows investors to centralize their crypto activities on a single platform, significantly simplifying their experience. Constant technological innovations are generally well received by the community.
Nevertheless, like any platform of this scale, Binance faces criticism, often amplified by the frustration of users who have suffered financial losses. The majority of negative reviews come from users disappointed with their trading performance, a classic phenomenon where losses are frequent. The experienced community recognizes that these disadvantages are largely offset by the benefits offered.
Binance undoubtedly excels with its exceptional liquidity and competitive fees. The integrated ecosystem, from BSC to DeFi products, offers unique synergies in the market. Constant innovation maintains its technological edge, democratizing access to professional tools.
However, the sometimes deficient customer service generates frustration for many users. Growing regulatory risks should also be kept in mind and create uncertainty about service continuity in certain jurisdictions.
Binance obviously maintains its leadership position in 2025 and certainly remains the best choice for traders prioritizing costs and diversity. For beginners, platforms like Bitget and Bybit may offer a more accessible experience before facing the Web3 giant.
Caméléon de la rédaction et experte SEO, Maholy Ny Voary a découvert le monde des cryptomonnaies et du Web3 en 2021. Constamment à l’affût des nouveautés, elle continue de se former pour créer des contenus engageants qui aident véritablement les internautes.
Binance remains generally reliable, with over 280 million users and strong security measures such as two-factor authentication (2FA) and the SAFU fund. However, mixed reviews on Trustpilot (1.6/5) and ongoing regulatory challenges mean users should exercise increased caution.
Base fees are 0.1% for both makers and takers. When using BNB, fees drop to 0.075% (a 25% discount). The VIP program offers even lower rates, going as low as 0.0090% for high-volume traders.
Binance lists over 600 cryptocurrencies and provides access to more than 2,000 trading pairs. The selection includes major coins like Bitcoin and Ethereum, as well as the latest trending altcoins.
Go to “Wallet” > “Withdraw”, choose the cryptocurrency and network, then enter the destination address and amount. Fees vary depending on the asset (0.0005 BTC for Bitcoin, 0.005 ETH for Ethereum, etc.).
Binance is registered as a Digital Asset Service Provider (DASP) with the AMF in France. The platform operates legally, but certain features may be restricted depending on regulatory developments.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
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