Binance Review UK cur_year Features, Fees, Pros & Cons Revealed


There is no contact number but users can input their email address or phone number to submit a support ticket in the chat which is available at the bottom right of the Binance website. Users can connect to Binance servers through the Binance API to automatically trade futures and other instruments via several programming languages such as Python. Users can also access historical cryptocurrency data using the API. Setting up an account is free but you will need to create an API key on Binance. All official Binance API documentation is available to view on GitHub.

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The second factor of authentication usually requires binance review to another personalised device of the user, usually a smartphone. Users will either need to provide SMS verification or verification through the Google Authenticator app. Binance’s trading platform also provides all the necessary trading tools for intermediate and advanced traders, such as stop orders and limit orders.

They blocked withdrawal for no reason

Most major currencies and stablecoins can be used for trading without much hassle. Withdrawing cryptocurrency from Binance will incur a fee that varies depending on which coin you want to transfer. That said, NFTs are here to stay, and if you’re looking to get in on the action, by buying, selling, or creating your own, then Binance is the place to do so. The platform offers an NFT marketplace, but we recommend doing your research and understanding the risks first before you consider investing in these assets. NFTs were first invented in 2014, but only in the last couple of years have they become more mainstream.

Can you make money on Binance?

Binance Earn allows users to without requiring much time, effort, and in-depth knowledge. This method of passive income opportunity allows users to profit from not only HODLing but also growing it. There are several ways to generate income using Binance Earn.

However, we may make a commission from certain partners if you use a link on this page to sign up. Upon your first year of using Binance, you will receive a trading fee discount of 50% whilst using BNB. On your 2nd, 3rd, and 4th year, you will be eligible for a 25%, 12.5%, and 6.75% discount respectively.

Customer Support

Yes, Binance is a secure exchange thanks to their Two Factor Authentication capacity. This gives your account an added layer of protection beyond having an individual username and password. You can set up your 2FA with SMS authentication or the Google Authentication app available on iOS and Android. Not very much excited about customer services they’re giving, asking certain of verifications, which I’ve passed through after 1 month, but the rest is acceptable. Customer service do not give any explanations and dont ask quiestions. Your account is under review by the specialized team and they work on the solution.


There are no explicit trading fees, but you’ll be quoted prices that are above the real exchange rate (i.e., fees are hidden in the priced you’re quoted). You’ll be able to spend up to £5,000 a day for transfers made to purchase cryptocurrency. If you have more than one Nationwide current account, this limit will apply to each of your accounts. Binance has one of the most active and highly responsive customer support team we have come across in the crypto space. And it all starts with their multi-lingual website that supports up to 16 languages. Their customer support team is accessible 24/7 via email, live chat on the website, and all popular social media pages like Telegram, Twitter, Facebook, and Instagram.

What’s it like to use Binance?

Clients should also be aware of the funding rate for futures, which is determined using the premium and the interest rate. The concept of open interest, which quantifies the number of open positions held by clients, may also be of use to new traders as it can convey market sentiment. Binance is aimed at private investors who want to invest and trade digital cryptocurrencies online. The first thing I absolutely love about binance is their P2P feature, they made it easy for we that have cryptocurrency banned in our counties to effortlessly transact and make money. It is the most used cryptocurrency exchange in the world which means all markets are highly liquid and offer low slippage.

CryptoCompare Exchange Review – February 2023: Binance’s Spot … – Exchange News Direct

CryptoCompare Exchange Review – February 2023: Binance’s Spot ….

Posted: Tue, 21 Feb 2023 08:00:00 GMT [source]

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