Binance is an exchange that operates in many countries around the globe. Binance has become so popular due to some of the factors such as availability in multiple languages, very neat user interface, and it also enables processing the orders at an extremely high speed. Binance exchange is available only for trading cryptocurrencies, hence, it is not available for any FIAT wired deposits.
Binance currently charges a flat 0.1% fee on each trade. For an exchange that doesn’t use a fee schedule, this is one of the lowest fees I’ve seen. If you pay using their own token (BNB), you currently receive a 50% discount on the trading fee – bringing it down to 0.05%. With this discount, Binance easily has the lowest fees in the industry.
Excellent reputation
Many trading options (spot, margin, P2P, stock token, and more)
More than 500 crypto assets and pairs tradeable
Numerous payment options available
Safe & secure
Mobile App
Real-Time Price Feed
Lacking phone customer support
Perhaps not ideal for complete beginners
You don’t have to verify your account for level 1 which is a 0.5 BTC daily withdrawal limit. For level 2 which allows up to 100BTC per day, you need to upload a photo ID and wait till you are approved. There are higher limits still, but you will need to contact them directly to arrange that.
Step I - Visit Binance Website
Make sure you bookmark the page, as there have been many cases of phishing sites that mirror the actual site. As a precaution, you should also examine the URL and look for the “Secure” Certificate to authenticate that this is the original site.
Step II - Click "Register" on the top right corner.
Step III - Input your email address, password (password should have 6 to 20 characters, and include upper and lower case letters and numbers) and captcha, then click “Register”.
Step IV - Binance will send you a verification email. Please also check your spam folder if you do not receive the email.
Step V - Click the verification link in the email to complete registration.
Welcome to Binance, your Account is now activated.
Check below video to operate Binance Wallet
Multi-language support – English, Chinese, Korean, Japanese.
Low trading fee – Only 0.1% trading fee.
High performance – capable of processing 1.4 mil orders/second.
Good support team – Binance support is reachable (rare in crypto space).
All major coins available – BTC, ETH, LTC,XRP,PWR, BNB etc..
GAS distribution for NEO – storing NEO on binance yields GAS too.
Fee for trading
Fee for deposit
Fee for withdrawal
Visit Binance Site for More info on Fees.
Binance is the world’s busiest exchange and has taken the world by storm. They are at the forefront of the entire crypto world. Porsche giveaways, innovative trade engines, and incubator labs where they support blockchain startups—Binance does it all.
They don’t just make trading easy, they make it fun and cheap, too. The community loves the low fees, large range of coins, and great support. They also love the detailed trading interface.
Resounding yes from CryptoReview.com.au
Founded in 2013, CoinSpot is one of Australia’s leading exchanges with the largest selection of blockchain assets of any Australian Exchange. CoinSpot prides itself as a leader in the digital currency market and aims to provide superior customer service.
Zebpay is based in Melbourne, Australia, and is a global cryptocurrency exchange serving 132 countries worldwide. It has been in the business since 2014 and has achieved great heights with over 3 million users and $2 Billion in fiat transactions.
Independent Reserve is a Sydney based Digital Currency exchange, providing a safe, secure and trustworthy place for customers to buy and sell Bitcoin and Ethereum. The Independent Reserve platform is powerful, yet easy to use catering for experienced traders and beginners alike.
Swyftx is a Crypto exchange based out of Queensland. The Swyftx platform has been designed for traders and investors on the go or working from a desk.
We compare the most popular crypto currency exchanges in Australia. We are Bitcoin Users and Traders like you. We have traded personally on each and every exchange mentioned here. We don't sell bitcoin and are not an exchange. We just make it easy for you to find a bitcoin exchange and buy bitcoin and other altcoin in Australia.
The exchange selected show our opinion only and cryptoreview.com.au is not responsible for any losses that may happen by trading on these trading platforms.