Binance Review. A crypto exchange guide must provide reviews of all of the crypto exchanges out there, so that you can find the right one for you. This review of Binance consists of four parts: general info, fees, deposit methods and security. General Info. Binance is an exchange previously based in Hong Kong and is one of the absolute giants in the industry. It launched in July 2017 and has ... Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Binance offers eight levels of fee discounts (VIP 1-VIP 8) depending on your 30-day trading volume (as measured in bitcoin). Each level also comes with a requirement that you hold a certain amount of BNB. To qualify for the first level (VIP 1), you need to trade at least 100 BTC in volume over 30 days and hold at least 50 BNB. This drops your maker fee to 0.09%, and your taker fee remains at 0.1%. If you are not using BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%. Using BNB for transaction fees applies a discount to your trading fee. By default, if you hold BNB in your account, your trading fees will be automatically subtracted from your BNB balance. (See: Using BNB for Fees) For other options to lower fees (such as maker/taker/volume ... Binance exchange doesn’t charge any fees to deposit cryptocurrencies nor does it have a minimum deposit limit. However, the withdrawal fees and the minimum withdrawal vary based on the cryptocurrency. For BTC, it a 0.002BTC minimum withdrawal with a fixed fee of 0.0005BTC (roughly €2.80 or $3). For Bitcoin, the minimum amount you can probably buy is 1 Satoshi which translates to 0.00000001 Bitcoins. However, since the amount is considerably small, it is not possible to buy just 1 Satoshi on any exchange. For instance, Coinbase allows its users to buy Bitcoin from $2. However, on LocalBitcoins the minimum amount is 1 cent.
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