Frequently Asked Questions About Binance
Is Binance safe to use in 2025?
Yes, Binance maintains industry-leading security measures including the Secure Asset Fund for Users (SAFU), advanced risk management systems, and multiple layers of authentication. The platform regularly undergoes security audits and stores the majority of assets in cold wallets for maximum protection. While no exchange can guarantee absolute security, Binance's track record and comprehensive safeguards make it one of the most trusted platforms in the industry.
How do I create a Binance account?
Creating a Binance account involves visiting the official website or downloading the mobile app, clicking "Register," providing your email, creating a strong password, and completing the verification process including KYC requirements. After basic registration, you'll need to verify your identity by providing personal information and documentation according to your desired verification level. Enabling two-factor authentication and additional security features completes the setup process.
What cryptocurrencies can I trade on Binance?
Binance offers trading for over 350 cryptocurrencies including Bitcoin, Ethereum, BNB, Solana, Tether (USDT), and hundreds of altcoins. The platform regularly adds new tokens based on market demand and thorough project evaluations. Available cryptocurrencies span every sector of the digital asset ecosystem, including DeFi protocols, gaming tokens, infrastructure projects, and emerging technologies like AI and metaverse assets.
What are the fees for trading on Binance?
Binance employs a tiered fee structure based on trading volume and BNB holdings. Spot trading fees start at 0.1% and can be reduced by using BNB for fee payments. Various promotions and VIP levels offer additional fee discounts for active traders. Specific fees vary by trading type (spot, margin, futures), with detailed information available on the official fee schedule page. Binance's fee structure remains one of the most competitive in the industry.
Can I use Binance in the United States?
U.S. residents should use Binance US, which is specifically designed to comply with U.S. regulations. Binance US offers many of the same core features as the global platform, including spot trading, staking, and over 160 supported cryptocurrencies. The platform operates with appropriate licenses in authorized states and continues to expand its regulatory coverage. American users benefit from dedicated customer service and specialized features designed for the U.S. market.
How does Binance USDT trading work?
Binance USDT trading involves using Tether (USDT) as the quote currency in trading pairs. Users can buy or sell cryptocurrencies against USDT, which maintains a value pegged to the U.S. dollar, providing stability and convenience for traders. For example, when trading BTC/USDT, the price shows how much USDT is required to purchase one Bitcoin. USDT trading eliminates the volatility associated with cryptocurrency-to-cryptocurrency pairs, simplifying value assessment and portfolio management.
What are the Binance withdrawal limits?
Withdrawal limits vary based on account verification level. Unverified accounts have limited withdrawal capabilities, while fully verified accounts can withdraw significantly higher amounts. Specific limits are displayed in the account dashboard and may change based on regulatory requirements. Enhanced verification levels, including facial recognition and additional documentation, can increase these limits further. Security features like withdrawal address whitelisting and time-locks provide additional protection for large transfers.