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Crypto

Binance

Founded 2017 Headquartered Cayman Islands ✓ No Binance entity listed in the ESMA MiCA CASP register (register updated 2026-08-31; checked 2026-10-10) · Binance ADGM entities are regulated by the FSRA (Abu Dhabi)

Binance is the world's largest cryptocurrency exchange by volume, offering 500+ coins, futures, and extensive trading features. Binance is not available to residents of the Netherlands.

✓ Pros
  • Large exchange by trading volume
  • 0.075% spot fee with BNB discount
  • 500+ cryptocurrencies
  • Advanced trading features
✗ Cons
  • Regulatory challenges
  • Not available to residents of the Netherlands
  • Complex for beginners
  • Customer support delays

Fees & costs

Min. deposit
€2 (SEPA)
Trading
0.1% spot (Regular user), 0.075% met BNB-korting; VIP-niveaus vanaf 0.011% maker / 0.023% taker
Stock fee
N/A (Crypto only)
Spread
Very tight spreads due to liquidity
Deposits
SEPA: meestal 1 EUR per overboeking (wisselt per kanaal, soms 0 bij acties); niet beschikbaar voor gebruikers in Nederland
Withdrawals
Network fees
Inactivity
None

Platforms & features

✓
Spot Trading
Trade 500+ cryptocurrencies
✓
Futures Trading
Up to 125x leverage on crypto futures
✓
Options Trading
European-style crypto options
✓
Staking
Flexible and locked staking rewards
✓
Binance Earn
Savings, staking, and yield products
✓
Launchpad
Early access to new token sales
✓
Copy Trading
Follow and copy successful traders
✓
P2P Trading
Trade directly with other users
✓
Mobile App
Full-featured iOS and Android apps
✓
API Access
Comprehensive REST and WebSocket APIs

Who this fits best

✓ active_crypto_traders✓ altcoin_investors✓ futures_traders

Note: regulatory challenges.

How to use in practice

1.

High-Volume Crypto Trading

Leverage Binance's position as the world's largest exchange by volume for tight spreads and deep liquidity across 1,300+ trading pairs.

Example

Trade major pairs like BTC/USDT; slippage on large orders depends on the market depth at that moment.

2.

Altcoin Discovery and Trading

Access one of the widest selections of cryptocurrencies including new listings and emerging projects through Binance's extensive trading pairs.

Example

Research and trade newly listed altcoins before they become available on smaller exchanges, using Binance's Launchpad for early token access.

3.

Crypto Futures and Derivatives

Trade crypto futures with up to 125x leverage, options, and other derivatives for sophisticated trading strategies.

Example

Open hedged positions using perpetual futures contracts to manage portfolio risk during volatile market conditions.

Tips for beginners

  1. 01

    Hold BNB for 25% fee discount

    By holding Binance Coin (BNB) and enabling BNB fee payment in settings, you automatically receive a 25% discount on all spot trading fees, reducing your costs significantly.

  2. 02

    Start with spot trading before futures

    Binance offers up to 125x leverage on futures, but this carries extreme liquidation risk. Master spot trading first before exploring leveraged products.

  3. 03

    Use the Lite interface initially

    Binance offers a Lite mode in the app for simplified buying and selling. Once comfortable, switch to Pro mode for advanced charting and order types.

  4. 04

    Verify withdrawal addresses carefully

    Binance supports multiple networks for the same token (e.g., ETH on ERC-20, BEP-20, Arbitrum). Always confirm the receiving address matches the network you select.

Account opening steps

  1. 1.

    Create Account

    Register with email or phone number and set a strong password

  2. 2.

    Verify Email/Phone

    Confirm your email or phone number via verification code

  3. 3.

    Complete KYC

    Submit government ID and complete facial verification

  4. 4.

    Enable 2FA

    Set up two-factor authentication for account security

  5. 5.

    Fund & Trade

    Deposit via SEPA, card, or crypto and start trading

Extended guide

Complete Guide to Crypto Trading with Binance

Getting Started

Note: Binance is not available to residents of the Netherlands. The steps below describe the platform for users in countries where it is active.

Register at binance.com or download the app. Sign up with email or phone number, set a strong password, and complete identity verification (KYC) by uploading a government ID and completing facial verification. Enable 2FA immediately for account security.

Fund your account via SEPA bank transfer (typically 1 EUR fee, 1-3 days; not for users in the Netherlands), credit card (1.8% fee, instant), P2P trading, or crypto deposit. For SEPA, Binance's FAQ says the fee is typically 1 EUR per transfer and can vary by channel.

Key Features and How to Use Them

Spot Trading: Access 500+ cryptocurrencies on the spot market. Use the Lite interface for simple buy/sell, or switch to the Pro interface for advanced charting, multiple order types, and trading indicators.

BNB Fee Discount: Navigate to Settings > Fee Deductions and enable "Use BNB for Fees." Hold BNB in your spot wallet to automatically receive 25% off all trading fees. This can significantly reduce costs for active traders.

Futures Trading: Complete additional verification to access futures with up to 125x leverage. Start with isolated margin and low leverage to learn. Be aware that futures trading carries substantial risk of liquidation.

Binance Earn: Explore savings products including Flexible Savings (withdraw anytime), Locked Staking (higher rates, fixed periods), and Launchpool (stake to earn new tokens).

Copy Trading: Follow successful traders and automatically replicate their trades. Review trader statistics and risk profiles before copying.

Tips for Success

Always start with the Lite interface if you're new to Binance. Enable BNB fee payment for instant savings. Verify network compatibility carefully before withdrawing—sending tokens to the wrong network can result in permanent loss.

Be extremely cautious with futures trading. The high leverage options (up to 125x) can lead to rapid liquidation. Stick to spot trading until you fully understand leveraged products and risk management.

Editorial review

Binance is 's werelds grootste cryptobeurs op basis van handelsvolume, opgericht in 2017 en gevestigd op de Kaaimaneilanden. Het platform biedt meer dan 500 cryptocurrencies aan. Het standaardtarief voor spot-handel is 0,10% maker/taker; met de BNB-korting van 25% is dat 0,075%, en in de hoogste VIP-niveaus loopt het af tot 0,011% maker. Voor geavanceerde traders zijn futures en marge-handel beschikbaar. Dit zijn risicovolle producten: je kunt snel (een groot deel van) je inleg verliezen.

Belangrijke kanttekening voor Nederlandse gebruikers: Binance heeft zich in juli 2023 teruggetrokken uit Nederland na een mislukte VASP-registratie bij de DNB. Nieuwe klanten uit Nederland worden niet meer geaccepteerd en bestaande klanten konden vanaf 17 juli 2023 alleen nog opnemen. SEPA-overboekingen zijn volgens Binance niet beschikbaar voor gebruikers in Nederland. Wie toch via een buitenlandse entiteit toegang probeert te krijgen, doet dat buiten het beschermingskader van de Nederlandse toezichthouder om.

Ook elders in de EU is de situatie onzeker: in het ESMA-register van MiCA-vergunde cryptoaanbieders (stand 31 augustus 2026) staat geen Binance-entiteit, en volgens berichtgeving beperkte Binance per 1 juli 2026 het aanmelden van nieuwe klanten in een deel van de EU. Het platform biedt verder een breed ecosysteem: een eigen blockchain, launchpad voor nieuwe projecten, staking en een uitgebreide P2P-marktplaats. De keerzijde is dat de interface complex kan zijn voor beginners en dat de klantenservice regelmatig kritiek krijgt. Voor Nederlandse beleggers geldt: Binance is op dit moment geen haalbare optie voor nieuw gebruik.

Frequently asked

Is Binance safe?
Binance has the SAFU (Secure Asset Fund for Users), a voluntary emergency fund run by Binance. It is not a deposit guarantee, and crypto-assets are not covered by a government compensation scheme. Binance says it publishes proof of reserves, but this does not remove the risk of loss. Binance has also faced regulatory challenges in various countries.
What is the BNB fee discount?
By holding and using BNB (Binance Coin) to pay trading fees, you can get a 25% discount on spot trading fees. This can significantly reduce costs for active traders.
What are Binance's trading fees?
Spot trading fees for a Regular user are 0.1% maker/taker, reduced to 0.075% with the BNB discount (25%). At the highest VIP level the fee falls to 0.011% maker / 0.023% taker. Futures fees for a Regular user start at 0.02% maker, and the taker fee is 0.04-0.05% depending on the source; check the current fee page.
Does Binance offer staking?
Yes, Binance offers multiple staking options including Locked Staking (higher APY, fixed periods), Flexible Savings (withdraw anytime), and ETH 2.0 Staking.
What is Binance Launchpad?
Binance Launchpad is a platform for new token sales (IEOs). BNB holders can participate in early token offerings, often at discounted prices compared to public listing.
How do I withdraw from Binance to my bank?
Go to Wallet > Fiat and Spot > Withdraw > EUR and select SEPA Bank Transfer. Binance says a SEPA transfer typically costs 1 EUR (it varies by channel), and your bank may charge its own fees. Binance states that SEPA transfers for users located in the Netherlands are not available.
Is Binance available in the EU?
It depends on your country. No Binance entity appears in the ESMA register of MiCA-authorised crypto-asset service providers (register updated 31 August 2026), and Binance is not available to residents of the Netherlands. According to press reports, Binance restricted onboarding of new users in part of the EU from 1 July 2026. Check which Binance entity serves your country before you use it.
What is P2P trading on Binance?
P2P (Peer-to-Peer) trading allows you to buy/sell crypto directly with other users using local payment methods. Binance acts as an escrow service to protect both parties.

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