Binance Review

★★★★☆

⭐ 4.2/5 overall🌐 185M+ global users📅 Est. 2017⚠ Advanced users

Our Verdict: Binance is the world's largest crypto exchange by volume — offering the lowest fees, deepest liquidity, and widest range of advanced trading tools. However, it's not ideal for Australian beginners. Its interface can be overwhelming, and it has faced regulatory scrutiny in multiple countries. Best for experienced traders who want maximum coin access and serious trading features. Use our link for up to $600 USDT in bonuses.

What is Binance?

Binance was founded in 2017 by Changpeng Zhao (CZ) and has grown to become the world's largest cryptocurrency exchange by trading volume. It offers 350+ cryptocurrencies, spot trading, futures, options, staking, NFTs, and more — making it a one-stop shop for serious crypto traders.

⚠ Important for Australians: Binance has had a complex regulatory history in Australia. Always check the current status of Binance's Australian operations before signing up, and be aware that local banking support may differ from Australian-native exchanges like CoinSpot or Swyftx.

Pros & Cons

✓ Pros

World's largest exchange — deepest liquidity
Lowest spot trading fees (0.1%, or 0.075% with BNB)
350+ cryptocurrencies
Advanced charting and trading tools
Futures and margin trading available
Staking and earn products
Massive sign-up bonus (up to $600 USDT)

✗ Cons

Not beginner-friendly — complex interface
Regulatory issues in some countries
Customer support can be slow
AUD deposit options more limited than local exchanges
Not recommended for first-time crypto buyers

Fees

Action	Fee	Notes
Spot Trading	0.1%	Maker and taker
With BNB discount	0.075%	Pay fees in BNB for 25% off
High Volume (VIP)	From 0.012%	Based on 30-day volume
Futures	0.02% / 0.04%	Maker / taker
Crypto Deposit	Free	No deposit fee

Our Rating Breakdown

Ease of Use

5.8

Security

8.0

Coin Selection

9.5

Fees

9.7

Advanced Tools

9.9

Aus. Suitability

6.2

Final Verdict

Binance is best for experienced Australian traders who need advanced tools, maximum coin selection, and the lowest fees. If you're just starting out, begin with CoinSpot or Swyftx and come back to Binance once you're comfortable. The $600 USDT welcome bonus is genuinely excellent, and the fee structure is the best in the industry at scale.