Heard people mention "Binance" but not sure what it is? Binance is the world's largest cryptocurrency trading platform. Hundreds of millions of users worldwide buy and sell Bitcoin, Ethereum, and other digital assets on Binance. If cryptocurrency interests you, register a Binance account first to explore, and download the Binance APP to check market conditions anytime.
Binance's Development History
Binance was founded in July 2017 by Changpeng Zhao (CZ). Within just six months of launch, it became the world's largest cryptocurrency exchange by trading volume — an exceptionally rare growth rate in the financial industry.
In 2019, Binance launched its own blockchain network BNB Chain, expanding from a pure exchange to a broader blockchain ecosystem. It subsequently launched Binance Academy, Binance Charity, Binance Labs, and other ecosystem components.
In late 2023, founder CZ stepped down as CEO, with Richard Teng taking over. The new leadership accelerated Binance's compliance process, obtaining regulatory approvals in multiple countries.
Why So Many People Choose Binance
Global #1 Trading Volume
High trading volume means good liquidity — your orders execute quickly with tight spreads.
Most Comprehensive Coin Selection
Over 600 cryptocurrencies listed, from Bitcoin and Ethereum to various emerging project tokens.
Low Fees
Spot trading fees of 0.1%, reduced to 0.075% with BNB discount — among the lowest of major exchanges.
Security Guarantees
SAFU fund exceeding $1 billion, multi-layer security architecture, cold/hot wallet separation, and real-time risk control systems.
Rich Product Offerings
Beyond basic trading: futures, margin, options, financial products, Launchpool, NFT marketplace, Web3 wallet — one-stop for all needs.
Core Features
Spot Trading: Hundreds of trading pairs with market, limit, and take-profit/stop-loss orders. Professional candlestick charts and analysis tools.
Futures Trading: USDT-margined and coin-margined contracts, up to 125x leverage, with demo trading for practice.
C2C Trading: Fiat-to-crypto gateway supporting multiple payment methods with platform escrow.
Binance Earn: Flexible savings, fixed-term products, ETH staking, Launchpool mining — passive income for idle assets.
Web3 Wallet: Built-in decentralized wallet for interacting with DApps across blockchain networks.
Who Is Binance For?
Crypto Beginners: Complete onboarding guidance, free Binance Academy courses, and multi-language interface.
Active Traders: High liquidity, low fees, rich trading tools, desktop client and API for professionals.
Long-Term Investors: Auto-invest, financial products for additional returns, BNB for Launchpool participation.
DeFi Enthusiasts: Web3 wallet for on-chain DeFi activities without switching APPs.
Fee Structure
| Type | Rate |
|---|---|
| Spot Trading | Maker 0.1%, Taker 0.1% |
| BNB Discount | Additional -25% |
| Futures Trading | Maker 0.02%, Taker 0.05% |
| C2C Trading | Free |
| Deposits | Free |
| Withdrawals | Varies by coin and network |
VIP users and high-volume traders enjoy even lower fees.
How to Get Started
Three simple steps: 1) Register with email or phone. 2) Verify identity with KYC. 3) Deposit and trade — buy USDT via C2C. The whole process can be completed in as little as 15 minutes. Enable Google 2FA and anti-phishing code immediately after registration.