Binance Exchange Complete Guide
Important Notice: Binance is one of the world's largest cryptocurrency exchanges, providing comprehensive digital asset trading services to users. This guide will help you fully understand Binance's various features and services.
๐ข About Binance Company
Binance was founded in 2017 by Changpeng Zhao (CZ) and is headquartered in Malta. As a leading global blockchain ecosystem, Binance is committed to promoting cryptocurrency adoption and blockchain technology development.
๐ Company Basic Information
| Item |
Details |
| Founded |
July 2017 |
| Founder |
Changpeng Zhao |
| Headquarters |
Malta |
| Employees |
8000+ |
| Service Regions |
180+ countries and regions worldwide |
| Daily Trading Volume |
Over $10 billion |
๐ฐ Trading Fees Breakdown
๐ Spot Trading Fees
Binance uses a tiered fee structure based on users' 30-day trading volume and BNB holdings:
๐ก Fee Optimization Tip: Holding BNB tokens and using them to pay trading fees can get you a 25% discount!
| VIP Level |
30-Day Volume (USDT) |
BNB Holdings |
Maker Rate |
Taker Rate |
| VIP 0 |
< 1,000 |
โฅ 0 |
0.1000% |
0.1000% |
| VIP 1 |
โฅ 1,000 |
โฅ 25 |
0.0900% |
0.1000% |
| VIP 2 |
โฅ 5,000 |
โฅ 200 |
0.0800% |
0.1000% |
| VIP 3 |
โฅ 25,000 |
โฅ 500 |
0.0700% |
0.1000% |
๐ Futures Trading Fees
| Trading Type |
Maker Rate |
Taker Rate |
Notes |
| USDT-M Futures |
0.02% |
0.04% |
Standard rate |
| Coin-M Futures |
0.01% |
0.05% |
Varies by coin |
| VIP Users |
Lower rates |
Lower rates |
Additional discounts |
๐ฏ Money-Saving Secret: Using BNB to pay trading fees gets you a 25% discount, and higher VIP levels get even more discounts!
๐ช Supported Digital Assets
Binance supports trading of over 600 cryptocurrencies, covering everything from mainstream coins to emerging projects:
๐ Major Cryptocurrencies (Top 10 by Market Cap)
| Coin |
Symbol |
Features |
| Bitcoin |
BTC |
Digital gold, most secure cryptocurrency |
| Ethereum |
ETH |
Smart contract platform, DeFi ecosystem core |
| Binance Coin |
BNB |
Binance ecosystem token, trading fee discounts |
| Ripple |
XRP |
Cross-border payment solution |
| Cardano |
ADA |
Academic research-driven blockchain platform |
๐ Popular Altcoins
- Solana (SOL) - High-performance blockchain
- Polygon (MATIC) - Ethereum scaling solution
- Chainlink (LINK) - Decentralized oracle network
- Uniswap (UNI) - Decentralized exchange token
- Avalanche (AVAX) - High-speed, low-fee blockchain
โก Futures and Margin Trading
๐ฏ USDT-M Futures (Recommended for Beginners)
| Feature |
Details |
| Max Leverage |
125x |
| Funding Rate |
Settled every 8 hours |
| Supported Coins |
200+ perpetual contracts |
| Margin |
USDT stablecoin |
๐ Coin-M Futures (Suitable for Long-term Holders)
| Feature |
Details |
| Max Leverage |
125x |
| Settlement |
Quarterly delivery |
| Supported Coins |
BTC, ETH, ADA and other major coins |
| Margin |
Corresponding coin itself |
๐ Margin Trading
| Type |
Max Leverage |
Features |
| Cross Margin |
10x |
Risk sharing, suitable for stable trading |
| Isolated Margin |
10x |
Risk isolation, suitable for aggressive strategies |
| Borrowing Rate |
From 0.02% daily |
Hourly interest, borrow and repay anytime |
โ๏ธ Comprehensive Pros and Cons Analysis
โ
Main Advantages
| Advantage |
Detailed Description |
| ๐ World's Largest Trading Volume |
Daily trading volume over $10 billion, providing best liquidity |
| ๐ ๏ธ Rich Product Line |
Spot, futures, options, NFT, DeFi and other full ecosystem services |
| ๐ฐ Ultra-Low Trading Fees |
Industry's most competitive rates, VIP users get better deals |
| ๐ Top-tier Security |
SAFU fund, cold wallet storage, multi-signature protection |
| ๐ฅ User-Friendly Interface |
Suitable for both beginners and professional traders |
| ๐ 24/7 Customer Support |
Round-the-clock customer service in 30+ languages |
โ Areas to Note
| Issue |
Impact Level |
Solution |
| โ๏ธ Regulatory Uncertainty |
Medium |
Follow local regulations, choose compliant services |
| ๐ Peak Hour Delays |
Minor |
Avoid trading peak hours, use API |
| ๐ค Product Complexity |
Minor |
Start with basic features, learn gradually |
| ๐ Strict KYC Requirements |
Minor |
Prepare ID documents in advance, cooperate with verification |
๐ Quick Account Opening Guide
๐ Step 1: Register Account (5 minutes)
- ๐ Visit Binance official website binance.com
- ๐ฑ๏ธ Click "Register" button in the top right corner
- ๐ง Enter email address and secure password
- โ
Complete email verification (check spam folder)
๐ Step 2: Identity Verification (1-3 business days)
- ๐ท Upload clear photos of ID documents (front and back)
- ๐คณ Complete facial recognition verification
- โณ Wait for approval (usually 1-3 business days)
- ๐ฑ Receive approval notification
๐ Step 3: Security Settings (10 minutes)
- ๐ฑ Enable two-factor authentication (Google Authenticator recommended)
- ๐ Set fund password (different from login password)
- ๐ Bind phone number (receive important notifications)
- ๐ง Set anti-phishing code (prevent fake emails)
โก Account Opening Tip: Using a referral code during registration can get you trading fee discounts. It's recommended to complete all security settings during registration!
๐ Trading Operation Guide
๐ฑ Spot Trading (Recommended for Beginners)
- ๐ Login Account: Use email/phone number to login to Binance
- ๐ฐ Deposit Funds: Transfer fiat or cryptocurrency to spot account
- ๐ฏ Select Trading Pair: Such as BTC/USDT, ETH/USDT, etc.
- ๐ Place Order: Choose market order (instant execution) or limit order (specified price)
- โ
Confirm Trade: Check order details and submit
โก Futures Trading (Suitable for Advanced Users)
- ๐ Open Futures Account: Complete risk assessment and identity verification
- ๐ธ Transfer Margin: Transfer USDT or other coins from spot account
- ๐ Select Contract: Perpetual contracts (no expiry) or delivery contracts (with expiry)
- โ๏ธ Set Leverage: 1-125x leverage, beginners should start with low multiples
- ๐ Place Trade: Go long (bullish) or go short (bearish)
โ ๏ธ Risk Warning: Futures trading carries high risk and may result in total loss of margin. It's recommended to practice in a simulation environment first!
๐ก๏ธ Security Protection System
Binance adopts bank-level multi-layer security architecture to provide comprehensive protection for user assets:
๐ฐ Fund Security
| Security Measure |
Protection Level |
Detailed Description |
| ๐ง Cold Wallet Storage |
โญโญโญโญโญ |
98% of user funds stored in offline cold wallets, inaccessible to hackers |
| ๐ก๏ธ SAFU Fund |
โญโญโญโญโญ |
10% of trading fee income as emergency insurance fund to protect user assets |
| ๐ Multi-Signature |
โญโญโญโญ |
Critical operations require multi-person signature confirmation, preventing single points of failure |
๐ Account Security
- ๐ Two-Factor Authentication: Google Authenticator + SMS verification dual protection
- ๐ฑ Device Management: Real-time view of login devices, one-click removal of suspicious devices
- ๐ฃ Anti-Phishing Code: Personalized email identification to prevent phishing attacks
- ๐ IP Whitelist: Restrict access to specific IP addresses, enhance account security
โก Risk Management
- ๐๏ธ AI Real-time Monitoring: 24/7 intelligent monitoring of suspicious trading and login behavior
- ๐ค Automatic Risk Control: Intelligent risk control system automatically identifies abnormal operations
- ๐ Regular Audits: Regular security audits by internationally renowned security companies
๐ง Customer Support Services
๐ Multi-Channel Support
| Support Method |
Response Time |
Use Cases |
Service Quality |
| ๐ฌ Live Chat |
Instant response |
Urgent issues, real-time consultation |
โญโญโญโญโญ |
| ๐ง Ticket System |
Within 24 hours |
Complex issues, complaints and suggestions |
โญโญโญโญ |
| ๐ Help Center |
Self-service |
Common questions, operation guides |
โญโญโญโญโญ |
| ๐ฅ Community Forum |
Community help |
Experience sharing, technical discussions |
โญโญโญโญ |
| ๐ฑ Official Social Media |
Real-time updates |
Announcements, market dynamics |
โญโญโญโญ |
๐ Multi-Language Service
Supports 30+ languages, including:
- ๐จ๐ณ Chinese (Simplified/Traditional)
- ๐บ๐ธ English
- ๐ฏ๐ต Japanese
- ๐ฐ๐ท Korean
- ๐ช๐ธ Spanish
- ๐ซ๐ท French
- ๐ฉ๐ช German
๐ฑ Mobile App Experience
Binance mobile app ranked #1 in App Store Finance category with over 100 million downloads:
๐ Core Features
| Feature Module |
Feature Description |
User Rating |
| ๐ Complete Trading |
Supports spot, futures, options and all trading functions |
โญโญโญโญโญ |
| ๐ Biometric Authentication |
Fingerprint/facial recognition login, secure and convenient |
โญโญโญโญโญ |
| ๐ Smart Alerts |
Price alerts, trading notifications, important announcement push |
โญโญโญโญ |
| ๐ถ Offline Features |
View positions, transaction history available offline |
โญโญโญโญ |
| ๐จ Personalized Interface |
Dark/light themes, customizable layout |
โญโญโญโญ |
๐ฅ Download Options
- iOS: Search "Binance" in App Store
- Android: Google Play or download APK from Binance official website
- Huawei: Huawei AppGallery
๐ก Usage Tip: It's recommended to download from official channels to avoid downloading fake apps that could lead to asset loss!
๐ Learning and Growth Resources
๐ Binance Academy (Completely Free)
| Course Type |
Course Content |
Target Audience |
Learning Duration |
| ๐ฐ Beginner Courses |
Blockchain basics, wallet usage, security knowledge |
Complete beginners |
2-4 hours |
| ๐ Trading Advanced |
Technical analysis, risk management, trading strategies |
Users with basics |
5-10 hours |
| ๐ฌ In-depth Research |
DeFi, NFT, Web3, Metaverse |
Professional investors |
10+ hours |
| ๐ Certification Courses |
Official certification certificates, enhance professionalism |
All users |
20+ hours |
๐ ๏ธ Professional Trading Tools
- ๐ TradingView Charts - Professional technical analysis tools supporting 100+ technical indicators
- ๐ค API Interface - Support for algorithmic trading and quantitative strategy development
- ๐ฎ Simulated Trading - 100,000 USDT virtual funds, zero-risk practice environment
- ๐ฑ Trading Bots - Grid trading, DCA and other automated strategies
- ๐ Market Data - Real-time quotes, depth charts, fund flow analysis
๐ Community Activities
- ๐ค AMA Events: Weekly direct dialogue with well-known project teams
- ๐ Trading Competitions: Monthly trading contests with prize pools up to 1 million USDT
- ๐ Airdrop Events: Free distribution of new project tokens, early participation opportunities
- ๐ Online Lectures: Renowned analysts share market insights and trading techniques
๐ก Learning Suggestion: It's recommended that beginners first complete Binance Academy's introductory courses and master basic knowledge before starting actual trading!
๐ฏ Summary and Evaluation
Binance, as the world's largest cryptocurrency exchange, has earned the trust of over 120 million users worldwide with its outstanding comprehensive strength:
๐ Core Advantages Summary
| Dimension |
Rating |
Key Highlights |
| ๐ฐ Fee Cost |
โญโญโญโญโญ |
Industry's lowest rates, VIP users get better deals |
| ๐ Security |
โญโญโญโญโญ |
SAFU fund + cold wallet, bank-level security |
| ๐ ๏ธ Product Diversity |
โญโญโญโญโญ |
Spot, futures, NFT, DeFi full coverage |
| ๐ฅ User Experience |
โญโญโญโญโญ |
User-friendly interface, excellent mobile experience |
| ๐ง Customer Service |
โญโญโญโญ |
24/7 multi-language support, timely response |
| ๐ Educational Resources |
โญโญโญโญโญ |
Binance Academy free courses, rich content |
๐ฏ Target Users
- โ
Beginner Investors: User-friendly interface, rich educational resources, comprehensive risk warnings
- โ
Professional Traders: Complete tools, robust API, sufficient liquidity
- โ
Institutional Users: VIP services, large transaction support, compliance assurance
- โ
Global Users: Multi-language support, localized services, regulatory compliance
๐ก Usage Recommendations
- Beginner Users: Complete identity verification โ Learn basic courses โ Start with small spot trading
- Advanced Users: Open futures account โ Practice with simulation โ Develop risk management strategies
- Professional Users: Apply for VIP level โ Use API interface โ Participate in liquidity mining
๐ Take Action Now: Click to register Binance account, use referral code for trading fee discounts, and start your digital asset investment journey!
โ ๏ธ Investment Warning: Digital asset investment involves risks. Please invest rationally according to your risk tolerance. Do not blindly follow trends or use excessive leverage.
Disclaimer: Cryptocurrency trading involves high risks. Please invest cautiously based on your own situation. This article is for reference only and does not constitute investment advice.
