Binance Reviews
The world’s largest crypto exchange with 370+ coins, savings plans and staking — without a BaFin license in Germany.
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 fees of 1.75 % and total costs of 18.50 € per trade are 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
- Over 370 cryptocurrencies available
- Savings plan and staking available
- Largest crypto exchange worldwide with low spreads
- Wallet transfer possible
- Payment methods: SEPA transfer and credit card
- No BaFin license in Germany
- Trading fees of 1.75 % for direct purchases have room for improvement
- Total costs of 18.50 € per trade occasionally criticized
- Cost transparency is rated as limited – direct purchases without a clear cost 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 788 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 (370+ coins)
- 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
July 10, 2026 10:30 AM
Binance Reveals Where Its EU Users Went After MiCA
Binance just revealed where most departing EU users moved their crypto after MiCA — and the answer is raising hard questions about the new rulebook.
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The July 1 deadline turned 3,000+ EU crypto firms into a few hundred. Binance is out, Tether's gone, and a handful of winners now own the market.
July 2, 2026 8:59 PM
Binance Is OUT of the EU: 5 MiCA-Regulated Exchanges Paying You to Switch
Binance exits the EU on July 1. Here are the 5 MiCA-licensed exchanges offering cashback, deposit bonuses and a €1M draw to win your funds — before they close.
July 1, 2026 10:47 AM
Crypto News Today: Binance Exits the EU, Circle Craters, and Bitcoin Slides Below $59K
MiCA reshapes the market as Binance leaves the EU, a 140-firm stablecoin rocks Circle, and Bitcoin sags near multi-year lows. Here's what's moving crypto today.
June 30, 2026 11:20 PM
How to Switch from Binance to a MiCA Regulated Crypto Exchange
Binance is winding down EU services after missing the MiCA deadline. Here's why it's happening and how to move your funds to a regulated platform safely.
June 26, 2026 5:35 PM
Binance Is Leaving the EU on July 1 — What It Means for Your Funds
Binance will stop serving EU customers from July 1 after failing to secure a MiCA licence. Here's what it means for your funds and your next move.
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