Binance Reviews
The world's largest crypto exchange with 482 tradable coins, though only 29 of them trade directly against the euro. Without EU authorisation: the MiCA application was withdrawn in June 2026.
Binance Rating
Our Opinion
Binance is considered the world’s largest crypto exchange by trading volume and is valued for its low spreads in order book trading. With over 370 tradable cryptocurrencies, savings plans and staking, the platform offers a broad range of services. On the market since 2017, Binance has established itself as a major player in crypto trading.
For the German market, however, it should be noted that Binance does not have a BaFin license. The direct-buy fee of 2% by card, i.e. €20 per €1,000, is occasionally criticized, as is the limited cost transparency for direct purchases. The minimum amount of 15 € is also higher than at some competitors.
Binance is seen especially as suitable for experienced traders who want to benefit from the low spreads in order book trading and for whom a missing BaFin license matters less than the platform’s global market presence and liquidity.
Pros & Cons
- 482 cryptocurrencies tradable, the widest selection among established exchanges (measured on 3 September 2026 via Binance's public API)
- Savings plan and staking are offered
- Largest crypto exchange worldwide with low spreads
- Wallet transfer possible
- No granted MiCA authorisation. Binance appears in no EU register and, by its own announcement, withdrew its application with the Greek regulator on 24 June 2026. A new host state has been announced but not confirmed.
- Only 29 of the 482 coins trade directly against the euro. Everything else goes through another currency, usually a stablecoin, which adds cost and exchange rate risk.
- Direct purchases by card cost 2%
- Cost transparency is rated as limited
Costs & Discounts
Binance separates order book trading from direct purchases: regular users pay 0.1% on spot trades, while buying by card or wallet payment costs 2%.
| Transaction | Cost at Binance |
|---|---|
| Spot trading, regular user | 0.1% maker, 0.1% taker |
| Spot trading paying fees in BNB | 0.075% maker and taker (25% discount) |
| Direct buy and sell by card, Apple Pay or Google Pay | 2% |
| Direct buy and sell via PayPal | 1.5% |
| Direct buy via Revolut | 1.1% |
| Buy and sell via SEPA | EUR 1 |
| Crypto withdrawals | network fee per coin |
How to save: Going through the order book pays off: EUR 1,000 costs EUR 1 in spot trading fees, but EUR 20 by card. Paying fees in BNB saves another 25%. See how Binance compares with MiCA-licensed providers in our crypto exchange comparison.
Fees as of 21 October 2026 according to the Binance fee overview.
User Experiences
AI Analysis1,002 analyzed reviewsOur AI collects and analyzes user reviews of Binance from the web and summarizes the key findings.
According to reviews, Binance is often praised overall for its ease of use, the large selection of coins, and fees that are generally perceived as low. At the same time, users occasionally report criticism regarding support, verification, and language options, especially with regard to a German app version.
According to reviews, users particularly appreciate the intuitive app and ease of use at Binance, which appeals to both beginners and more experienced users. However, the interface is occasionally described as confusing or too complicated. Many users also want a German language option to make everyday use even more convenient.
This analysis is based on 1002 user reviews evaluated by AI from the Apple App Store and Google Play Store. The total number of reviews on the respective platforms may be higher — the platform ratings (star ratings) shown refer to all reviews available there. The reviews shown reflect user experiences and do not represent the site operator’s own assessment. All information is provided without guarantee. As of: March 2026. This comparison does not constitute investment advice.
Features
Feature Scope
Highlights
- Largest crypto exchange worldwide by trading volume
- Low spreads in order book trading
- Savings plan and staking available
- On the market since 2017
Tradeable Assets
- Cryptocurrencies (482 coins, 29 of them against the euro)
- Staking products
- Savings plan investments
Trading Options
- Spot trading
- Savings plan feature
- Staking
- Wallet transfer to external wallets
- Direct purchase by credit card
About Binance
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Recent articles about Binance
October 21, 2026 10:21 PM
XRP price prediction: whale outflows from Binance fall to $49.7 million: twice as strong as Bitcoin
Analysis: XRP whale outflows at Binance have dropped to their lowest level since October 2021, and the price is rising twice as strongly as Bitcoin on Wednesday evening. The number is documented, the interpretation is open. What a drying-up outflow means for holders in Germany comes further down.
October 17, 2026 1:16 AM
430,000 ETH leave Binance as Ethereum holds $2,412: the consequences for price and custody
Ethereum balances on trading venues have fallen to a multi-year low, with Binance alone losing 430,000 ETH since August 25. Why the price still sits at $2,412 on Friday evening, and what that means for your custody.
October 14, 2026 7:34 PM
Binance delisting of EPIC and QUICK from October 20: what to check now
Binance is removing Epic Chain and QuickSwap on October 28. Four deadlines, however, already fall on October 20, and from then on the exchange decides when your position is unwound.
October 13, 2026 7:36 PM
Binance Pool closes on November 10, and the second deadline expires 17 hours later: what you can do now
Binance is retiring Binance Pool, Pool Savings, Cloud Mining and the Transaction Accelerator on November 10, 2026 at 07:00 UTC. Besides that deadline, two more sit in the calendar: 23:59 UTC the same day for outstanding payouts, and November 24 for the statements the tax office wants to see.
October 12, 2026 4:16 AM
Binance fees: 0.1 percent to trade, and one drawback compared with MiCA-licensed exchanges
Binance charges 0.1 percent in spot trading and 0.02 and 0.05 percent in derivatives. Since July 1, 2026 the exchange has lacked the MiCA authorisation for the EU, which leaves the fee table answering only half the question German investors are asking.
October 7, 2026 10:33 PM
Bitcoin Price Falls as 41,700 BTC Leave Binance: The Exchange Reserve Drops to 663,100 BTC
Binance's bitcoin reserve has fallen by 41,700 BTC to around 663,100 bitcoin since September 20, the largest weekly outflow since June 2023. Why the price is giving way all the same, and what the finding means for your custody.
October 3, 2026 10:38 AM
44 Percent Below the Record: BNB's 37th Burn Follows in Mid-October
A year ago BNB stood at $1,370; today it is around $767. The price has been swinging between $750 and $800 for weeks, and the next quarterly burn is due around the anniversary of the record. Here are the levels that count and what the burn actually does.
September 28, 2026 10:30 PM
Base Hard Fork on September 30: Binance Freezes Base Transfers an Hour Before Cobalt
The Base network switches to Cobalt on September 30, 2026 at 18:00 UTC. Binance freezes deposits and withdrawals over Base from 17:00 UTC and resumes them without announcement — what that means for your balance, your holding period and your node.
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