Binance opiniones 2025 – Ventajas e inconvenientes

There are several opinions about Binance , but the most common one is that it’s the largest cryptocurrency exchange in the world. This statement can be easily verified by observing the market reality in 2020, 2021, and the beginning of the current one. The statistics couldn’t be more compelling! During the first week of February of this year, this platform was visited by more than 29 million users, surpassing its closest competitor by more than 12 million.

But is Binance the best cryptocurrency exchange for you ? To answer this question, we invite you to read our comprehensive review of Binance opinions (data-sheets-userformat=2025, pros and cons) that we’ve compiled, to help you choose the cryptocurrency trading platform that best suits your needs and expectations.

Your capital is at risk.

How to open an account on Binance

Opening a Binance account couldn’t be easier. Follow these four steps:

1. Create your account.
2. Activate your account by verifying your identity.
3. Make a deposit.
4. Select from all available cryptocurrencies and choose yours.

Your capital is at risk.

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What is Binance?

In July 2017, Changpeng Zhao , better known on social media as CZ, created a company called Binance, whose name is an acronym for the words «Bitcoin» and «Finance.» From an ICO or Initial Coin Offering  launched on July 3 of 100 million ERC20 tokens, called BNB (Binance Coin),  and whose sale lasted just three minutes, the innovative platform reached a market value of $15 million, marking a milestone in this sector.

On July 14th, just 11 days after launching its ICO, Binance opened its market operations, receiving such a great reception from investors that by the beginning of 2018, less than a year after its founding, it had positioned itself as the first and largest cryptocurrency exchange platform worldwide, a position it has not yielded since then and, better yet, it has consolidated itself in that position, concentrating more than 50% of all digital currency transactions made daily in the world and increasingly marking a greater distance in market capitalization and volume of users with respect to the other best-valued exchanges in the current financial circuit.

Another of the most accurate Binance opinions is that this company is much more than a cryptocurrency exchange platform. It has its own  Binance Coin (BNB), which is currently the fourth- largest cryptocurrency by market capitalization, behind only Bitcoin, Ethereum, and Tether . It has also developed its own blockchain, becoming over the years a multiplatform that incorporates highly innovative and useful features for investors, such as:

• Binance Smart Chain : A proprietary blockchain that runs highly successful decentralized finance (DeFi) projects like Pancake Swap.
• Binance DEX : A decentralized exchange where investors trade cryptocurrencies without intermediaries.
• Futures Contract : A utility that most exchanges have been slow to add.

A estas funcionalidades también podemos agregar las incorporadas más recientemente como los NFT, el stacking de Ethereum 2.0, un equipo de minería de Bitcoin y Ethereum, un pool de liquidez de criptomonedas, además de las muchas y variadas formas que tienen los usuarios para generar ganancias de manera pasiva y con los sorteos y concursos que permanentemente se realizan en la plataforma.

Igualmente no podemos dejar de mencionar en estas Binance opiniones que a través de esta plataforma se realizan diariamente la mayor cantidad de intercambios de Bitcoin y Ethereum a nivel global.

Binance – Ventajas y desventajas

Monedas y mercados soportados

En la primera sección de este artículo de Binance opiniones data-sheets-userformat=2025, vamos a describir y analizar el amplio catálogo de criptomonedas y mercados que la mayor plataforma de trading online de monedas digitales del mundo pone a disposición de su numerosa clientela.

Lo primero que debemos señalar es que resulta muy difícil que en Binance no encuentres el activo digital de tu preferencia, Actualmente su listado alcanza más de 1.440 critomonedas, entre las que se encuentran desde las más transadas en los diferentes mercados, como los más novedosos altcoins que se han incorporado al sistema. Es decir, no solo hablamos de los grandes criptoactivos como Bitcoin y Ethereum, Bitcoin Cash, Ripple XRP, Litecoin, Dogecoin, tokens DeFi y la propia cripto de la exchange, Binance Coin, sino también de cientos de monedas de pequeña capitalización y tokens ERC-20.

Pares de criptomonedas

Otra de las Binance opiniones más acertada es que ofrece tantos pares como criptomonedas tiene en su portafolio. Un par de criptomonedas es la cotización de dos criptomonedas o tokens diferentes, en el que se compara el valor de una de ellas frente a la otra. Así tenemos el par BTC/USD (Bitcoin/Dólares) el BTC/USDT (Bitcoin/ Tether),  AAVE/USDT, ADA/USDT, AVAX/USDT,  BCH/USDT, DASH/USDT, DOT/USDT y muchos otros más.

Es relevante destacar que el par BTC/USDT (Bitcoin/ Tether) es, con gran diferencia, el mayor mercado de negociación en Binance, con casi 50.000 millones de euros que han cambiado de manos solo en 24 horas. Esto es casi diario. Es importante tener en cuenta que los pares de criptomonedas en Binance solo son realmente adecuados si tienes una moneda digital con la que financiar tu cuenta.

Por ejemplo, si tienes Bitcoin y quieres comprar Ethereum, puedes simplemente intercambiar los dos dirigiéndote al mercado BTC/ETH. Sin embargo, si quieres comprar Bitcoin con dinero fiduciario, también podrás hacerlo a través de los mercados fiduciarios que tienes a tu disposición en esta plataforma.

Mercados Fiat

Más allá de Binance opiniones esto es una certeza. Esta plataforma ofrece una muy buena selección de mercados fiduciarios, lo que te permite comprar activos digitales con tu moneda preferida. La gran mayoría de los mercados están denominados en euros, siendo los de BTC/USD y ETH/USD los que más volumen atraen. Sin embargo, también es posible comprar activos digitales en otras 15 monedas fiduciarias como la libra esterlina, el won surcoreano, el rublo ruso, el dólar australiano, el franco suizo, la corona checa, la corona danesa, la corona noruega, el dólar neozelandés, el zloty polaco, la corona sueca, la lira turca, el rand sudafricano, el florín húngaro y shekel israelí.

¿Cómo comprar criptomonedas y stablecoins?

In our Binance review 2025, we also found that you can purchase cryptocurrencies and stablecoins using traditional payment methods, just like you would any other asset. However, to do so, you’ll need a digital wallet to store your cryptocurrencies until you need them.

The process of buying crypto directly works like this:

• You open an account on Binance and upload some ID (passport or driver’s license).
• You choose your preferred currency.
• You select the crypto asset you want to purchase.
• Enter the amount of your purchase in the corresponding currency.
• Confirms transactions.

When purchasing cryptocurrencies on Binance this way, there’s no need to trade a fiat- to -crypto or crypto- to -crypto pair . Instead, as soon as you confirm the transaction, the payment will be processed instantly, and the crypto funds will be added to your Binance wallet.

Spot Market

This is the main wallet within Binance that allows you to transfer funds to other wallets. From it, you can locate all the cryptocurrencies available on Binance. It displays balances , market price, and estimated value in Bitcoin . Additionally, you can view the  Deposit, Withdrawal, and Transaction options.  To access it, locate the » Spot Wallet» button within the Wallets  menu  at the top.

Here’s another Binance review . It works as a public financial market where buyers purchase an asset with fiat or another short-term, cash medium of exchange. To deposit a cryptocurrency or token on Binance, simply search for it in the spot wallet . Once you find the token , simply click «Deposit» and copy the Binance wallet address . After making the deposit, wait for the transaction to be validated by the corresponding blockchain . If you need to withdraw funds, click «Withdrawal» and then copy and paste the wallet address where you want to send the token .

Margin Market

This is Binance’s leveraged market. Using collateral, you can borrow money to trade large amounts of money, either short or long. When you initiate a margin trade, the platform will require you to commit a percentage of the total order value. This initial investment is called «margin.» For Binance Margin Trading, leverage is limited to 3x or 10x. Therefore, you can initiate a USD 6,000 trade by depositing USD 2,000 as collateral. This type of market is obviously recommended for traders with extensive experience in cryptocurrency trading.

Futures Market

This is one of the services Binance receives the most reviews because investors can easily leverage the platform’s leverage and open trades in a market that can be more liquid than the spot crypto market. This market is one of the largest in the world, and billions of dollars are traded daily through Binance Future .

To open futures market trades, we must transfer funds from our spot wallet to our Futures account. To do this, simply access the «Futures» menu in the «Wallet» drop-down menu on the top Binance banner. There, we must choose whether to trade USD-M or COIN-M futures contracts, which depends on the cryptocurrency used as margin. In USD-M futures, we will use USDT as the base for trading, while in the case of COIN-M futures, we can use cryptoassets such as Bitcoin and TRON. After that, we will click on transfer, send the amount of digital currencies we will invest, and begin trading.

Binance recently introduced the Quarterly Futures Contract system. These are Bitcoin derivative contracts with an expiration period every three months and physical settlement . This means the contract itself is settled with a purchase/sale of bitcoins on the market. The characteristics of Binance’s quarterly futures contracts are:

• BTC Settlement:  These  contracts are settled in Bitcoin . They make it easy for inexperienced users to participate in highly complex markets.
• Expiration/Delivery Date: Bitcoin quarterly contracts expire at a specific date and time  . Orders are closed 10 minutes before the expiration date.
• Contract Multiple:  A contract’s multiple  represents the value of the contract . Each contract is worth USD 100.

Crypto derivatives

Binance also allows you to trade crypto derivatives. This is a trading platform suitable for experienced investors who understand the risks and rewards of leveraged financial instruments. This includes several Bitcoin futures markets that allow margin trading of up to 125x. Therefore, a bet of just €100 would give you access to €12,500 in investment capital. You can also trade Bitcoin options and leveraged tokens.

The latter allows you to trade individual cryptocurrencies with leverage, and you can choose between long or short positions. Again, this will suit experienced traders looking to speculate in a more flexible and sophisticated way.

Binance reviews – Fees

The fees charged by Binance for the various transactions carried out on its platform are the most competitive in cryptocurrency trading . More than just a Binance review, it’s a truth. They vary depending on the type of transaction, the amount invested, and the account balance, among other variables. In addition, fees for using cards for purchase transactions or when withdrawing through ATMs must be considered.

Withdrawal or transfer fees

When we withdraw or transfer cryptocurrencies on Binance, some transactions are free, while others incur a fee, depending on the digital currency we’re using. Let’s look at some examples:

Binance reviews – Maker and taker fees

Maker-taker cryptocurrency transactions generate fees that vary depending on the user’s margin level, the amount of BTC traded, and the available BNC balance. The following table clearly illustrates how fees apply to both the maker and taker. It provides a schematic summary of these fees:

Binance reviews – Fees for card purchases or SEPA transfers

Binance Review – Binance Card Fees

Transactions made using the Binance Card are subject to fees that will be debited directly from your available balance. These fees are:

• For withdrawals or purchases of any cryptocurrency, up to 0.9% will be debited for each transaction.
• When issuing a card, the sum of €25 will be debited from the available balance.

Binance Fees Summary

Below you’ll find a summary of the main Binance fees to consider.

Binance Reviews – Binance Buying Limits

Like many exchanges, Binance has trading limits. The amount you can buy, sell, and trade depends on your account level and the specific market.

On the one hand, the limits are significant on most pairs. For example, when accessing the BTC/USD market, you can enter a position worth the equivalent of 3,200 BTC. At the time of writing, this represents an order size of over €126 million.

On the other hand, if you want to trade more than 2 BTC (approximately €80,000 at the time of writing) in a single day, you’ll need to upgrade your account. In simple terms, this means you’ll no longer be able to trade without providing your personal information and uploading a copy of your ID.

Binance Reviews – Binance Wallet Review

Like many exchanges in this space, our Binance review found that the platform offers two options when it comes to storing your digital funds. This includes keeping your crypto assets on the Binance platform and withdrawing them to the provider’s native mobile wallet.

To ensure you choose the right storage options for your personal needs, in this section of our Binance review, we’ll explain how each wallet type works.

Binance Reviews – Binance Web Wallet

When you hold cryptocurrency in your Binance account, it’s automatically stored in your web wallet. This means you don’t have access to your private keys. Instead, they’re controlled and secured by Binance itself.

Needless to say, this is the most convenient storage option, as you only need to log in to your account to access your crypto funds. You can also use your balance to purchase other cryptocurrencies and make trades. You also have the option to withdraw your balance to a private wallet at any time.

That said, the Binance web wallet is considered a less secure option, as you’re trusting the platform to keep your funds safe. In other words, if Binance is hacked and the perpetrator gains access to its servers, your funds could be at risk of being lost.

The good news is that Binance has a number of crucial safeguards in place to prevent this from happening, such as

Cold storage

Binance claims to keep the vast majority of customer funds in cold storage. This means funds are kept in secure wallets that are never connected to the internet. As a result, this makes it very difficult for an external hack to occur .

Similar to Coinbase , Binance will hold a small percentage of customer funds in hot wallets. This not only provides liquidity to its exchange, but also ensures that withdrawals are processed quickly.

Two-factor authentication

Binance offers an important security feature for your account: two-factor authentication (2FA). It works by sending you a code via SMS or the Google Auth app every time you want to log in or withdraw funds.

In theory, a hacker would need access not only to your password but also to your mobile device. Therefore, we strongly recommend setting up 2FA when using Binance.

Authorized devices

You likely have a small number of common devices that you like to use to access your Binance account. In many cases, this will be a handheld device and/or a mobile phone.

Binance will recognize if you’re trying to access your account with a new device and will therefore require an additional verification step. Your new device can be confirmed via email.

Anti-phishing code

Phishing attacks , which involve receiving an email that isn’t from the real source, are on the rise. The idea is for the hacker to send an email that looks like it’s from Binance, then ask you to log in to your account.

When you do this, the hacker will extract the username and password you entered. On Binance, you can set an «anti-phishing code» to ensure that all emails you receive are legitimate. This way, when you see the code you selected appear in the email from Binance, you’ll know it’s safe.

Binance Trust Wallet

If you’re the type of cryptocurrency investor who wants full control over your funds, and therefore your private keys, you might want to consider Trust Wallet. This wallet is supported by Binance and can be downloaded to your mobile device.

Compatible with iOS and Android, the Trust Wallet offers the following features:

• Decentralized wallet: so that you and only you have access to your private keys
• Access decentralized applications (dApps)
• Buy cryptocurrencies at a low price
• Parking services
• Earn interest on your cryptocurrency holdings
• Exchange one cryptocurrency for another

Just remember that when choosing a Binance wallet to store your digital assets, you need to know how to keep your funds safe. After all, if your wallet is hacked remotely or you lose your private keys, Binance won’t be able to help you regain access. Otherwise, your digital currency will be gone forever.

Binance Reviews – Binance Mobile App

If you plan to trade cryptocurrencies frequently , it’s worth downloading the Binance mobile app on your phone. Doing so will give you access to all the features and tools you’re used to using on the main website.

For example, you may have an open position in BTC/EUR and want to withdraw it when the markets appear to be about to turn bearish. If you have the Binance app, you can do this with a single click. The Binance app is also useful if you want to monitor your open positions. Accurate Binance reviews .

For example, you might want to check the performance of your investments while you’re away from your primary desktop device. The Binance app is free to download on both iOS and Android devices, and you’ll log in with your usual credentials.

We should clarify that the Binance app is different from the Trust Wallet. In other words, if you keep your funds in your main Binance web wallet, this will appear when using the mobile app. If you want to use the Trust Wallet, you’ll first need to transfer funds from your main Binance account, either online or through the app.

Binance Reviews – Binance User Experience

Another Binance review you can read is that this platform is more attractive to those with experience in cryptocurrency trading . This is especially true when trading complex financial instruments like Bitcoin futures and options. Our Binance review found that the platform actually offers two trading options.

The first is the «Classic» platform, which is supposedly tailored to inexperienced traders. However, we find it still a bit cumbersome to navigate. For example, you’ll see tons of price charts and order books, which can seem intimidating to the untrained eye.

Then you have the «Advanced» platform, which, as its name suggests, is designed for those with trading experience . With it, you’ll have access to a wealth of trading data, such as market depth, indicators, drawing tools, trend lines, and much more.

In other areas of the website, Binance offers a smooth, clean, and easy-to-navigate interface. For example, if you choose to purchase cryptocurrency with a debit/credit card, the steps are relatively simple. All you have to do is follow the on-screen instructions, upload your ID, enter your card details, and confirm the purchase.

Binance Reviews – Binance Trading Tools and Features

This Binance review 2025 has covered the exchange itself, as well as some of the key tools you’ll have access to when day trading . This includes the ability to perform technical analysis without leaving the exchange, and the ability to choose between a basic and advanced platform.

With this in mind, let’s now discuss some of Binance’s opinions on the most notable features the platform offers outside of its native exchange service.

Binance Coin (BNB)

Binance Coin is the digital currency backed by the exchange. The token ‘s primary purpose was to allow traders to benefit from reduced fees. As noted above, you’ll receive a 25% discount on trading fees when you have a BNB coin allocation.

This is less than the previous 50% discount and will be reduced again in the near future. While Binance Coin may seem too basic in function, it’s important to note that BNB is now one of the largest cryptocurrencies in terms of market capitalization.

For example, at the time of writing, Binance Coin is valued at over €54 billion, making it the fourth largest cryptocurrency behind Bitcoin, Ethereum, and Tether.

One of the main reasons is that the Binance team periodically «burns» BNB tokens , which means the number of coins in circulation is reduced. This has the desired effect of increasing the value of Binance Coin, similar to a stock buyback plan .

Binance Savings Account

Many novice cryptocurrency investors are unaware that you can earn interest on your digital assets. This is a service offered by Binance through its savings account. The main concept is that your crypto assets will be used to fund loans.

The person borrowing the funds will need to put up the cryptocurrency as collateral, which acts as a safeguard in case of default. As for the amount of interest you can earn, this depends on the cryptocurrency used and whether you choose to have the funds locked.

For example, you can earn 7% annual interest by locking up Tether for 90 days, and 6% in EUR for the same period. If you want instant access to your funds, the flexible savings account pays 6% in BUSD and 5.79% in Tether. Bitcoin has an annual interest rate of just 1.20%, but you can withdraw your funds at any time.

Binance Debit Card

Binance has launched its own Visa debit card that can be used online, in stores, and even at ATMs. The Binance Visa Card carries no fees, and transactions are paid for with your cryptocurrency balance. For example, let’s say you have €500 worth of Litecoin (LTC) in your Binance Card wallet.

If you bought a cup of coffee for 3 euros, Binance would instantly sell 3 euros of Litecoin for euros. The transaction would then reduce your Litecoin balance to 497 euros.

Binance reviews – Binance Payments

If you want to buy, sell, or trade cryptocurrency on Binance, you’ll first need to make a deposit. Binance supports both cryptocurrency and fiat deposits, but the latter will depend on your location.

However, in our Binance review we found that the platform supports the following payment types:

Cryptocurrency

Binance allows you to deposit funds with any cryptocurrency supported by the exchange. This makes it easy to fund your account with hundreds of different crypto assets. The main advantage of depositing with cryptocurrencies is that you don’t need to provide any personal information when registering (for trading volumes under 2 BTC per day). This also means you don’t need to upload any ID.

To deposit with a digital asset, you’ll first need to copy your unique wallet address from your account dashboard. Then, go to your external wallet, paste the address, and transfer the funds.

Credit and debit cards

Binance supports debit and credit card deposits in many countries. As mentioned before, the specific fee will vary depending on your location. For example, traders in Spain pay a 1.8% transaction fee, while others pay a flat fee of €10. If you want to deposit funds with a debit/credit card, you’ll need to go through a know-your-customer (KYC) process. This involves providing personal information and a copy of your government-issued ID.

You can buy Bitcoin by linking a debit or credit card to your Binance account with a minimum deposit of $15 USD. The process is very simple: investors simply place a cryptocurrency purchase order using a credit/debit card and select the fiat-to-crypto pair of interest.

Deposit in local currencies and trade via bank transfers

By depositing dollars, euros, rubles, Australian dollars, Brazilian reals, and any other Binance-accredited currency, you can immediately purchase Bitcoin in Binance’s spot, margin, or futures markets. The easiest way to deposit local currencies on Binance is through the user wallet page. First, select «Fiat and Spot» under the «Wallet» page, then click «Deposit» to indicate the fiat currency you’ll be depositing.

Electronic wallets

There are many wallets on the market that make it easy to purchase cryptocurrencies and stablecoins through their own interfaces. The vast majority of them also accept credit and debit cards, direct bank transfers, PayPal, and other payment methods. Examples of the many alternatives include Simplex, Koinal, TrustToen, and Paxos, among others.

Conversion and OTC Portal

Binance Convert is a service that allows Binance platform customers to instantly  convert any cryptocurrency into another of their choice. It’s available on the Binance app and is the most commonly used method for buying cryptocurrencies by Lite users. Using this portal, you can purchase cryptocurrencies with your account funds without having to worry about slippage or the impact of charts. To do so, you must have sufficient funds in your account’s spot wallet and have completed the intermediate verification process.

Binance OTC Trading  is a personalized trading method in which users trade large blocks quickly and securely. Settlements between parties occur within the platform, without third-party involvement, the need to create a wallet, and without unnecessary waiting for blockchain transactions.

Binance P2P

You can also buy Bitcoin directly from other Binance users using local currency through Binance P2P. Hundreds of thousands of investors and traders conduct peer-to-peer transactions, listing their cryptocurrencies using the P2P service that Binance provides across five continents. The platform guarantees transaction security and is a commission-free service.

To facilitate person-to-person (P2P) trading, Binance supports 60 payment methods, including: Wire Transfer (SWIFT), Western Union, Yandex Money, Sberbank, Payeer, M-Pesa Kenya, Monobank, BBVA, Bancolombia SA, GoPay, OVO, Paytm, IMPS, UPI, LinePay, SEPA, Faster Payment System (FPS), Mercantil, Mobile Payment, Provincial, Nequi, Banesco Panama, PagSeguro, PicPay, Tinkoff, Alfabank, VTB Bank, Rosbank, Raiffeisenbank, Sovkombank, PUMB, UniCredit, Mercadopago, MTS Bank, Privat Bank, Gazprombank, Davivienda SA, Otkritie, OTP, Russian Standard Bank, Citibank (Russia), Credit Bank of Moscow, Trust, Banco de Bogotá, Interac e-Transfer, Bank Transfer (Venezuela), Bank Transfer (India), Bank Transfer (Argentina), Bank Slip and cash bank deposits.

ATMs

If you have a cryptocurrency wallet, you can use ATMs to buy and sell Bitcoin. You can even sell using your credit and debit cards, as long as you do so at a reliable ATM.

Binance Reviews – Binance Minimum Deposit

Regarding the minimum deposit on Binance, it will depend on the payment type and your country of residence. For example, there is no minimum deposit when you fund your account with cryptocurrency. If you deposit funds with a debit/credit card in euros, the minimum is 15 euros.

How to withdraw from Binance

If you want to withdraw your cryptocurrency holdings from Binance to a private wallet, the process is easy.

• First, select the digital currency you want to withdraw and then paste the wallet address you want the funds sent to.
• After confirming the withdrawal via 2FA, the funds should arrive in your wallet within about 20 minutes.
• Unless you are withdrawing a significant amount of cryptocurrency, the transaction should be processed automatically by Binance.

If you want to withdraw fiat currency, you’ll need to return to the same payment method you used to make a deposit.

Binance Reviews – Binance Regulation and Licensing

Last December, Binance obtained its MSB license from Canadian regulators to operate in that country. The license for Binance Canada Capital Markets, Binance’s Canadian branch, which will provide cryptocurrency trading, foreign exchange, money transfers, and virtual currency services to its extensive clientele, will be valid for four years, starting December 1, 2021.

In Bahrain, a Middle Eastern country, the Central Bank has approved Binance to offer its cryptocurrency services under local regulatory authorities. This is the first Middle Eastern country to approve the world’s leading cryptocurrency exchange platform’s free operation.

At the end of January, Binance submitted an official application to the Bank of Spain to become a registered cryptocurrency service provider. This is its first initiative to advance its strategy of regularizing its operations in Spain and Europe, in order to offer higher-quality services to all its users in the Eurozone.

Binance CEO Changpeng Zhao, in a blog post on Binance, points out why Binance is pushing for regulation, highlighting that «…regulation is not bad for cryptocurrencies. In fact, it’s the opposite because regulation will build trust.»

It’s important to note that Binance does not violate anti-money laundering regulations. It also requires identification when users trade more than 2 BTC of cryptocurrency in a day, even if the user hasn’t deposited fiat funds.

Binance Reviews – How to Use Binance

Do you want to use Binance right now to start trading digital currencies? If so, this part of our Binance review will guide you through the steps.

Step 1: Open a Binance account

First, you’ll need to visit the Binance website and open an account. You can do so by clicking the «Register Now» button on the main page.

Initially, you’ll only be asked to enter your email address and create a secure password. If you’re planning to deposit funds using cryptocurrency only, there’s no other information you’ll need to provide.

Step 2: Complete the KYC process to use fiat currency

If you want to fund your Binance account using a debit/credit card or bank transfer, you’ll need to complete a KYC process.

First, you’ll need to enter your personal information, such as your name, country of residence, date of birth, and address. You’ll also need to provide your mobile number.

Next, you’ll need to upload a copy of your government-issued ID. This can be a passport or driver’s license. In some countries, you can use a national ID.

Step 3: Deposit funds

The deposit process on Binance will depend on the payment method you wish to use.

• Cryptocurrency deposit

If you’re depositing funds with cryptocurrency, you’ll need to go to the deposit page from your account dashboard. Find the digital asset you wish to use and click the «Deposit» button. You’ll then be shown your unique wallet address for the respective digital currency.

Copy it to your clipboard, go to your private wallet, paste the address, and confirm the transaction. The funds should arrive in your Binance account in approximately 20 minutes.

• Deposit with debit/credit card

If you want to deposit funds with your Visa or MasterCard, hover over the «Buy Crypto» tab and click «Credit/Debit Card.» Then, decide whether you want to fund your account with fiat currency or buy cryptocurrency directly. Follow the on-screen instructions by entering your card details and confirm the transaction.

• Deposit into bank account

If you’re eligible, you can also deposit funds by making a local bank transfer. Hover over the «Buy Crypto» tab and click «Bank Deposit.» Binance will then display the bank account details and reference number you should use.

Go to your online or mobile banking app and complete the transfer. In some countries, like Spain, the deposit will be processed within minutes.

Step 4: Start Negotiating

Once your deposit has arrived, you can start trading on the Binance exchange. To navigate to your chosen cryptocurrency pair, hover over the «Trade» tab and select the «Classic» or «Advanced» platform. You can then use the search function to find the pair you want to trade.

Next, you need to set an order. Hover below the chart area and choose between a «limit» or «market» order. You can also choose between a «buy» or «sell» order and enter your stake. Finally, confirm the order to place your first trade on Binance.

Binance Review – Binance Review on Reddit – See What Users Have to Say

BinanceReddit has over 404,000 members, making it a great way to talk to like-minded traders and investors. The group has a wealth of useful information and helpful guides for inexperienced traders. There’s also an official Binance representative who is dedicated to answering questions and concerns. Let’s take a look at the top Binance reviews .

Binance vs eToro

Before taking the plunge and signing up for Binance, it’s worth checking if there’s a broker or exchange that best meets your needs and expectations regarding your cryptocurrency investment. After all, Binance is just one provider among hundreds. We’ve reviewed dozens of prominent cryptocurrency exchanges and found eToro to be the top pick.

This is due to the reasons given below:

Las inversiones en criptomonedas pueden no ser apropiadas para los inversores minoristas y se puede perder la totalidad del capital invertido. Es importante leer y comprender los riesgos de esta inversión, que se explican en detalle en este enlace.

Payments

When using your debit or credit card on Binance, you may be charged up to 3-4% for your transaction.

Those based elsewhere will pay a small 0.5% foreign exchange fee, which is still very competitive. Additionally, eToro supports several e-wallets, such as Skrill and Neteller.

Assets and markets

On the one hand, it’s true that Binance offers a significant number of cryptocurrency pairs. However, aside from a few securities represented by digital tokens and financial derivatives markets, the asset library is relatively empty.

On eToro, you can access not only cryptocurrency-related markets, but also thousands of stocks and ETFs that you can buy and own directly.

Passive cryptocurrency trading

If you’re considering using Binance to trade digital currencies, you’ll need a firm grasp of technical analysis and charting tools. You’ll also need to have a number of proven cryptocurrency day trading strategies under your belt . This can take many years to master, so Binance is likely more suitable for experienced traders.

If you’re a beginner, you’ll find eToro very easy to use. In fact, eToro even offers a copy trading service that allows you to select an experienced investor and copy their positions. You can also take advantage of eToro’s social trading tools , which allow you to post threads and respond to comments in a public setting.

Las inversiones en criptomonedas pueden no ser apropiadas para los inversores minoristas y se puede perder la totalidad del capital invertido. Es importante leer y comprender los riesgos de esta inversión, que se explican en detalle en este enlace.

Binance Review – Expert Verdict

This Binance review has explored each and every metric of the cryptocurrency exchange. This includes tradable markets, fees, payment methods, ease of use, customer support, security, and much more. We’ve concluded that while Binance has a great reputation and is well-suited for beginners, there are much better options on the market.

eToro – Our Number One Recommended Cryptocurrency Broker

Las inversiones en criptomonedas pueden no ser apropiadas para los inversores minoristas y se puede perder la totalidad del capital invertido. Es importante leer y comprender los riesgos de esta inversión, que se explican en detalle en este enlace.

Crypto investments may not be appropriate for retail investors and the full amount invested may be lost. It is important to read and understand the risks of this investment, which are explained in detail at this link

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