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In December 2022 the news broke that U.S. For example, there are allegations that Binance facilitated money laundering to the tune of hundreds of millions of dollars during its time in Malta. However, Binance also showed up in the news in less positive ways. Only Coinbase and the fallen FTX breathe the same rarefied air. For one, it’s one of the biggest exchanges out there, with a market capitalization (a fancy term for its total value) that dwarfs most of its competitors. In its short existence, Binance has made a name for itself in several ways. Keep reading this Binance review for full details on the exchange.Ĭhangpeng Zhao, the CEO of Binance, is commonly called “CZ” by Binance traders. This risk is multiplied many times over should you start speculating in crypto derivatives, which Binance also offers. Crypto values can rise fast, but they can also plummet, leaving you wiped out. That said, the company has had some issues in the past with regulators, and we recommend that you don’t keep cash in the exchange unless you’re actively trading it.īefore you read on, note that trading crypto is incredibly risky even at the best of times. Overall, Binance is easy to use, and we like how transparent it is with its fees - though they can rise a little high compared to other cryptocurrency exchanges. The Binance website is easy to use and offers incentives to get to know it better.There are essentially two Binances: one for U.S.Binance probably has the biggest offering of products, including advanced trading options like derivatives and loans.Binance is among the biggest trading platforms out there, but has also attracted the attention of regulators as a result.

In this Binance review, we’ll go over what you need to know about this crypto exchange to see if it’s the right choice for you. Last Updated: 20 Mar'23 T12:27:53+00:00 Facts checked by Jasna Mishevskaīinance is one of the biggest names in the cryptocurrency space, popular among veteran and novice crypto traders alike.

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