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
Compare Binance
Reviews of other crypto exchanges
Recent articles about Binance
January 14, 2025 6:00 AM
Crypto News Today: US Supreme Court Denies Binance's Request to Avoid Crypto Lawsuit
With the U.S. Supreme Court's denial of Binance’s lawsuit dismissal request, what implications could that hold for the crypto industry and international exchange platforms?
June 9, 2024 3:12 PM
Binance Reaches 200 Million Users: What's Next?
Binance celebrates reaching 200 million users, solidifying its position as a leading cryptocurrency exchange. Discover the latest on BNB's market status and future prospects.
November 17, 2022 12:01 AM
Binance Coin News Ticker – CryptoTicker
Binance Coin is the native coin of the world’s leading cryptocurrency exchange Binance. The coin is native on the Binance Chain, a centralized blockchain. The coin is also supported on the Binance Smart Chain, a new blockchain by Binance that […]
August 30, 2020 8:16 AM
What is Binance Smart Chain?
In April 2020, Binance announced its new Binance Smart Chain. This new blockchain will work in parallel with the exchange’s primary blockchain, the Binance Chain. Both chains are being improved at exceptional speed. This post will take you through a […]
March 6, 2026 3:38 PM
Binance Denies Direct Iran Crypto Flows in Response to U.S. Senate Probe
Binance rejects allegations of $1.7 billion in Iran-linked crypto flows, telling a U.S. Senate panel it found no evidence of direct transactions with the regime.
February 6, 2026 5:38 AM
CZ Under Fire: How Controversial Tweets Are Shaking the Crypto Market in 2026
CZ’s recent social media activity sparks controversy as the crypto market faces a 25% YTD crash. Explore the impact of Binance’s founder on current price trends.
