Binance stands as the largest cryptocurrency exchange by trading volume, with millions of users actively trading, investing, and managing their assets in 2025. It supports a wide range of features for both beginners and advanced traders. From simple spot trades to complex derivatives, Binance offers tools that suit different strategies and experience levels.

For many, Binance is the first platform they use when entering the crypto market. Its wide selection of coins, liquidity, and trading options make it a top choice. But the interface can feel overwhelming at first. This tutorial walks through the entire process of using Binance, from creating an account to placing trades, using advanced tools, and managing positions with leverage. Screenshots will be included throughout to simplify each step. If you are just getting started and are overwhelmed by all the options and features, this guide breaks it all down clearly. Let’s get started.

What Is Binance?

Binance is a centralized cryptocurrency exchange that gives users access to hundreds of digital assets and trading pairs. Since its launch in 2017, it has grown rapidly and now handles one of the highest trading volumes in the industry. Although it was originally based in China, the exchange moved operations after regulatory pressure, first relocating to Japan and later establishing a presence in Malta.

The platform was founded by Changpeng Zhao, also known as CZ, who used his background in trading systems to shape Binance’s infrastructure. He led the company until November 2023, when he stepped down as CEO. Richard Teng now leads Binance, while CZ remains the exchange’s largest shareholder. Read our detailed Binance exchange review.

Binance supports users in over 180 countries and has more than 250 million registered accounts. The platform offers a wide range of services beyond basic trading. Users can buy, sell, withdraw, stake, and even raise funds for new crypto projects. Binance also introduced its own token, BNB, which reduces trading fees when used on the platform.

As of 2025, Binance is fully regulated in France and operates under the oversight of both the AMF and the ACPR. Its regional branches, such as Binance US, follow local compliance rules in their respective jurisdictions. The platform continues to expand its features. It now includes a built-in NFT marketplace, educational resources, copy trading tools, and passive income options for users looking to earn beyond active trading.

How to Create Your Binance Account?

Setting up a Binance account is a quick process. Follow these steps to register and begin trading on the platform.

1.   Visit the Official Website

Open your browser and go to www.binance.com. On the homepage, look for the “Sign Up” button in the top-right corner. Click it to begin the registration process.

2.   Enter Your Details

On the signup page, enter your email address or phone number. You also have the option to register using your Google or Apple ID. If prompted, select your country from the dropdown list. Binance usually detects your location automatically, but you can change it manually if needed.

3.   Enter the Verification Code

After submitting your contact details, Binance will send a verification code to your email or phone. Open your inbox, copy the code, and return to the Binance page. Paste the code into the Email Verification Code field to proceed.

4.   Create a Password

Next, choose a secure password for your account. Make sure it’s strong and not easily guessed. Use a combination of letters, numbers, and special characters to create a solid password. Once you’ve entered it, click Submit to complete the signup.

You’ve now created your Binance account and can begin exploring the platform.

Note: To unlock all features, such as higher withdrawal limits and full trading access, you’ll need to complete identity verification (KYC). The next section will walk you through that process step by step.

How to Complete KYC on Binance?

Know Your Customer (KYC) is a mandatory identity verification process on Binance. It helps the platform comply with regulations and prevents misuse, such as fraud or money laundering. Completing KYC also unlocks full access to Binance’s features, including higher withdrawal limits and fiat services. Here’s how to complete the KYC process step by step.

1.   Access the KYC Verification Page

Go to the Binance homepage and log in to your account. Once you’re logged in, click the user icon in the top-right corner. A dropdown menu will appear. Under your email, click the “Unverified” label. This will take you to the identity verification page.

2.   Click “Verify” to Get Started

On the verification screen, look for the “Get Verified” button in the center. Click it to begin the KYC process.

3.   Select Your Country of Residence

The next step is to choose your country of residence. After selecting it, Binance will show the specific ID documents accepted in your region. If there’s more than one option, choose the document you’ll be using and click “Continue” to move to the next screen.

4.   Upload Documents

Now you’ll need to upload a valid identification document. You can upload a file from your computer, or you can scan a QR code and complete this step on your phone. Once your document is uploaded, click “Continue” to proceed.

5.   Liveness Check with Face Verification

Binance may now ask for face verification. Use your webcam or phone camera to complete a short liveness check. This ensures the person verifying is actually you and not someone else using your documents.

6.   Provide Personal Details

In this step, Binance will request basic personal information. Fill in your full name, date of birth, and residential address. Make sure the details match the ones on your ID.

7.   Wait for Approval

Once all steps are complete, Binance will begin processing your application. In most cases, approval takes less than an hour, though it can take up to 24 hours depending on your location and the volume of requests.

After approval, your account will be marked as verified, and you’ll gain full access to Binance’s services.

How to Deposit on Binance?

Before placing any trades, you need to fund your Binance account. Binance supports both crypto deposits and fiat purchases. You can use either, depending on how you prefer to move funds. Below is a breakdown of both methods.

Buying Crypto on Binance with Fiat

Binance supports over 100 fiat currencies and allows users to buy Bitcoin and other cryptocurrencies via credit card purchases, bank transfers, and other services like SEPA. Here is how you can buy crypto on Binance using Fiat.

1. 1. Open the Deposit Panel: Start by logging into your Binance account. From the homepage, click on “Deposit” in the top-right corner. A panel will appear on the screen. At the top, select your preferred currency. Then, click “Buy with [Fiat]” to continue.

2. 2. Choose Crypto and Currency: You’ll be redirected to the fiat purchase page. Here, select the cryptocurrency you want to buy, the currency you’re paying with, and enter the amount you wish to spend.

3. 3. Select a Payment Method: Choose a payment method based on what’s available for your selected currency. You can use a credit or debit card, third-party providers like Simplex, or local options like Apple Pay. Binance also supports P2P if you prefer peer-to-peer transactions.

4. 4. Enter Card Details (If Using Card): If you select credit or debit card, click Add New Card and fill in your card information.

Follow the on-screen prompts to finalize the payment. Once complete, Binance will credit your wallet with the purchased crypto.
Note: Payment methods vary by region and currency. Some options may not be available depending on your location.

Depositing Crypto on Binance

1. 1. Navigate to Crypto Deposit: From the homepage, click on the “Deposit” option again, and this time select “Deposit Crypto” instead of fiat.

2. 2. Select the Cryptocurrency: You’ll land on the crypto deposit page. Choose the coin you want to deposit from the dropdown. Binance supports a wide range of cryptocurrencies including Bitcoin, Ethereum, and stablecoins like USDT.

3. 3. Choose the Network: After selecting the coin, you must choose a blockchain network. This step is critical. Make sure the network you select matches the one from which you’re sending the funds. For instance, if you’re using TRC20, both Binance and the sending wallet must support TRC20 for the chosen crypto.

4. 4. Copy the Wallet Address: Once you’ve selected the coin and network, Binance will generate a deposit address. Copy this address and paste it into your external wallet. If you’re using a mobile wallet, you can scan the QR code instead.

5. 5. Confirm and Send: Initiate the transfer from your external wallet. Double-check the address and network before sending. After the transaction is confirmed, Binance will credit the funds to your spot wallet. Processing times depend on the network used and its traffic at the time.

Jump into crypto with Binance—sign up now and claim up to $1,000 in bonuses! Trade Bitcoin, Ethereum, and more with zero hassle. This exclusive offer won’t last, so secure your reward today!

Understanding Order Types on Binance

Trading on Binance requires an understanding of different order types. Each type serves a specific trading purpose, and choosing the right one depends on your strategy, market conditions, and risk tolerance. Below are the key order types available on Binance.

Limit Order

A limit order lets you buy or sell at a specific price or better. The trade executes only if market conditions meet your limit price.

Example: You place a buy limit order for Bitcoin at $98,000. The order will only fill if the price drops to $98,000 or lower.

Market Order

Market orders execute instantly at the best available price on the order book. They prioritize speed over exact price.

Example: Bitcoin is trading at $100,000. You place a market buy order for 0.1 BTC. The system immediately matches your order at the best current price, say $100,200, depending on market depth.

Stop Limit Order

This order triggers a limit order once a stop price is reached. It lets you define both a trigger price and a minimum acceptable price.

Example: You hold Bitcoin and want to sell if it drops below $99,000, but not lower than $98,500. You set a stop limit sell order with a stop price of $99,000 and a limit price of $98,500. If the price hits $99,000, your sell order goes live, but only executes if the price stays above $98,500.

Stop Market Order

This order becomes a market order when a stop price is triggered, ensuring quick execution.

Example: You want to cut losses if Ethereum falls to $2,400. You place a stop market sell order with a stop at $2,400. When ETH hits that price, your sell executes at the next available market price.

Trailing Stop Order

Trailing stops follow the market price by a set percentage and trigger a market order when the price reverses by that amount.

Example: Bitcoin is at $100,000. You place a trailing stop sell order with a 2% trail. If BTC rises to $102,000 and then falls to $99,960 (2% drop), your order triggers and sells at the best available price.

Post Only Order

This order only posts to the order book and never executes immediately. It ensures your order becomes a maker order, not a taker.

Example: You place a post only buy order for Ethereum at $2,450. If a matching sell order already exists at that price, Binance cancels your order to avoid instant execution.

Limit TP/SL Order

Take profit and stop loss orders in futures let you close trades automatically based on price conditions.

Example: You open a long Ethereum Futures position at $2,500. You set a take profit at $2,600 and a stop loss at $2,450. If the price reaches either target, the system closes your position accordingly.

Conditional Order

These orders trigger based on predefined criteria using either the Last Price or the Mark Price.

Example: You want to buy Bitcoin only if the market price reaches $101,000. You set a conditional limit order to buy at $100,800 once that trigger is hit. The system places your order only when the mark price condition is met.

Reverse Order

A reverse order closes your current position and opens an equal-sized position in the opposite direction using market orders.

Example: You hold a 1 BTC long position. You click “Reverse Order,” and Binance closes the long and opens a 1 BTC short position instantly at the market price.

Scaled Order

Scaled orders break one large order into several smaller limit orders across a price range.

Example: You want to buy 1 BTC between $94,000 and $99,000. You use a scaled order to place five smaller buy orders at increments like $94,000, $95,500, $97,000, and so on. This reduces market impact.

TWAP Order

TWAP orders split a large trade into smaller ones and execute them over a defined time to match the time-weighted average price.

Example: You want to sell 10 ETH over one hour. You set a TWAP order to execute 1 ETH every 6 minutes. This helps you minimize price disruption.

Binance Spot Trading Tutorial

Binance’s spot market allows users to trade cryptocurrencies in real time, directly exchanging one asset for another at current market prices. Spot trades settle immediately, and the buyer receives full ownership of the purchased asset. Binance supports over 400 spot trading pairs, including BTC/USDT and ETH/USDT, offering deep liquidity across both major and emerging tokens. The interface is designed for traders of all levels, and below we will walk through the exact steps to place a spot trade. Lets get started:

1.   Open the Binance Spot Market

On the Binance homepage, locate the top navigation bar. Hover over the “Trade” tab. From the dropdown, click “Spot.” This will open the main trading interface used for spot transactions. This terminal displays real-time market activity and provides access to all trading tools.

2.   Get Familiar with the Trading Interface

Understanding the interface can help you avoid tons of roadblocks, and it also makes the entire process seem straightforward. The screen includes several key sections:

• Trading Pair Selector (top right side): Located on the top right, this is where users search and select a pair, such as BTC/USDT. Typing in either coin symbol filters available options.
• Price Chart (center): Shows live price movements and historical data. Users can adjust timeframes or add indicators to perform technical analysis.
• Order Book (left): Displays real-time buy and sell orders. Red rows show sell orders (asks); green rows show buy orders (bids). This helps users gauge liquidity and current demand.
• Order Panel (below the chart): This is where users place trades. It includes options to choose the order type, set the price, and enter the trade size.
• Market Trades and My Trades (bottom right): Market Trades shows completed transactions by all traders. My Trades shows the user’s trade history and active positions.

Spend a few minutes exploring each part before placing an order.

3.   Choose a Trading Pair

Look at the trading pair selector on the right. Either scroll through the available options or use the search bar to find the desired pair. For this tutorial, we have selected BTC/USDT, which allows the user to buy Bitcoin using Tether (USDT). Clicking on the pair loads the live chart, order book, and other details specific to BTC/USDT.

4.   Select an Order Type

Go to the Order Panel below the chart. Binance supports multiple order types, but the most commonly used are:

• Limit Order: Allows users to set a custom price. The order only executes when the market reaches that price.
• Market Order: Executes immediately at the current best available price.
• Stop-Limit Order: Combines a stop trigger with a limit order to manage risk.

For this example, select Limit Order. This order type provides control over the exact price paid.

5.   Enter Trade Details and Place Order

After selecting the order type, input the trade specifics:

• Limit Price: Enter the price at which to buy Bitcoin. If BTC is trading at $105,000, a user might set a limit buy at $104,000 to try entering at a discount.
• Purchase Amount: Choose how much BTC to buy or how much USDT to spend. The system calculates the remaining field automatically.

Review the values. If everything looks correct, click the “Buy BTC” button.

Binance may ask for two-factor authentication before confirming the order. Once submitted, the limit order appears in the Open Orders section below the interface.

6.   Wait for the Order to Fill

A limit order does not fill instantly unless the market price already matches the limit price. It remains active in the Open Orders section until filled, canceled, or expired. If BTC drops to the user’s limit price, Binance matches the order with a seller. Once filled, the Bitcoin appears in the user’s spot wallet. Users can track order progress through the “My Trades” or “Order History” tabs.

Binance Futures Trading Tutorial

Binance Futures allows traders to speculate on the price movements of cryptocurrencies without owning the assets. Unlike traditional futures, Binance perpetual contracts do not have an expiry date. Traders can open long or short positions and close them whenever they choose, provided the position doesn’t get liquidated.

When it comes to leverage, Binance offers some of the highest leverage out there. Traders can amplify their position size by borrowing funds, with leverage options going up to 125x. While high leverage increases profit potential, it also magnifies risk. So always beware.

Binance offers two types of futures contracts. USDT-M Futures are margined and settled in USDT. COIN-M Futures use the crypto asset itself (such as BTC) as both margin and settlement. In this tutorial we will be sticking with USDT-M Futures, which are more commonly used.

1.   Go to the Binance Futures Market

Log in to your Binance account. From the homepage, hover over the “Futures” tab in the top navigation bar. Click “USDT-M Futures” from the dropdown menu. This opens the Binance USDT-M Futures interface, where all futures trading activity takes place.

2.   Get Familiar With the Interface

Before placing a trade, it is important for you to get familiar with the Futures terminal and how it works.

• Trading Pair Selector: Located at the top left. Click on the current pair to open a searchable list of available futures contracts.
• Price Chart: Displays real-time market data for the selected pair. Users can adjust timeframes and apply technical indicators to assist with strategy.
• Order Book: Found to the right of the chart. Shows live buy (green) and sell (red) orders, which helps assess market depth.
• Order Panel: Left of the order book. This is where users configure trades—select order type, set margin mode, adjust leverage, and define trade size and direction.

Spend some time exploring each section before moving forward.

3.   Select a Trading Pair

Click on the current trading pair in the upper left corner. A search bar and list of contracts will appear. Type in BTCUSDT and select it. This loads the BTC/USDT perpetual contract, allowing you to trade Bitcoin with USDT as margin and settlement.

4.   Choose an Order Type

In the Order Panel, select an order type. Binance supports several options:

• Limit Order: Lets you specify the exact price at which your trade should execute.
• Market Order: Executes instantly at the current best price.
• Stop-Limit: Triggers a limit order once a set price is reached.

For this tutorial, select Limit Order, which gives full control over your entry price.

5.   Choose Margin Mode and Set Leverage

Right above the order type, you will also need to choose your Margin Mode. Binance offers:

• Isolated Margin: Restricts risk to only the margin used for the specific trade.
• Cross Margin: Uses your entire futures account balance to support the position.

For this tutorial, we are selecting Isolated margin as it limits the exposure to just this trade.

Next, click the leverage amount next to the margin mode. Use the slider or input box to set leverage. For this example, we are choosing 10x leverage. This means a $100 USDT margin controls a $1,000 position.

Higher leverage increases risk. Beginners should use lower leverage to avoid early liquidations.

6.   Enter Trade Details and Open Position

Decide whether to go long or short:

• Long: You believe the price will rise. So, you are essentially betting in favor of price.
• Short: You expect the price to fall. So, you are essentially betting against the price.

For this example, we have opted for a Long position.

In the Order Panel:

• Set your Limit Price (the price you want to enter at).
• Enter the amount of USDT to allocate to the trade.

Review the details and click “Buy/Long”. The order appears in the Orders section. Once the price hits your limit, the trade executes and moves to the Positions tab.

7.   Monitor Your Position

After execution, track your trade in the Open Positions section. It displays key information like:

• Position Size
• Entry Price
• Unrealized PnL (Your floating profit or loss)
• Realized PnL (Profits or losses from partially closed trades)
• Liquidation Price (If the price hits this level, your position gets automatically closed by Binance to prevent further loss)

Monitor these metrics closely to manage your exposure.

8.   Add Stop-Loss and Take-Profit

Risk management is essential in futures trading. Go to the TP/SL column in the Positions tab.

• Click “TP/SL” to define your exit levels.
• Take-Profit (TP) lets you lock in gains at a target price.
• Stop-Loss (SL) limits your losses if the market moves against you.

You can also exit manually. Click the “Limit” or “Market” button under “Close All positions” option. Enter the amount at which you want that limit or market close to trigger and your position will be closed as soon as the price hits the set level. For a fast exit, you can simply click “Close All Positions”, which closes all open trades at market price.

Binance Copy Trading Tutorial

Binance Copy Trading allows users to replicate the trades of professional futures traders in real time. Instead of conducting technical analysis or manually executing positions, users can follow expert traders, allocate funds, and let the system mirror trades under the same conditions. This section provides a step-by-step tutorial on how to begin copy trading on Binance.

1.   Open the Copy Trade Page

Log into your Binance account. On the main navigation bar at the top, click “Trade” and select “Copy Trade” from the dropdown menu. This opens the copy trading interface, where Binance displays a list of lead traders along with their performance metrics.

2.   Choose a Trader to Copy

Browse the lead trader dashboard. Each profile includes detailed statistics such as:

• Total and average return
• Win rate
• Drawdown
• Trading frequency
• Risk rating

Before selecting a trader, examine their past performance and assess how much risk they take. Prioritize consistency and strategy over short-term gains. Avoid traders with erratic profit spikes or unusually high leverage if you’re risk averse.

3.   Set Your Copy Trading Preferences

After selecting a trader, configure how your funds will follow them:

• Investment Amount: Decide the amount of capital to allocate to copy trading.
• Stop-Loss Limit: Set a threshold to automatically stop copying if losses exceed your tolerance.
• Copy Method: You can choose between “Fixed Amount,” which allows you to set a specific USDT amount per trade regardless of the lead trader’s trade size. Or you can choose “Fixed Ratio,” which allows you to mirror the trader’s position proportionally based on your total allocated capital.

Make sure your selection reflects your risk appetite and preferred capital management style.

4.   Adjust Advanced Settings

Click on “Advanced Settings” to fine-tune how the system copies trades. Key options include:

• Margin Mode: Follow the lead trader’s margin setting or set your own as either Cross or Isolated.
• Leverage: Choose between following the lead trader’s leverage or setting it yourself (from 1x to 10x).
• Position Risk Controls: Decide if you want TP/SL orders to be placed automatically when a position is copied.
• Max Cost per Order: Set a maximum cap on how much capital can be used for a single copied order.

These settings provide more control over how trades are mirrored and help manage risk more effectively.

5.   Review and Submit

Go through all your configurations and confirm they align with your strategy and risk management preferences. Tick the agreement box for Binance’s terms and conditions. Once ready, click “Copy” to activate the copy trading setup. Binance will now start mirroring the lead trader’s positions in your account.

6.   Monitor and Adjust

Although trades are automated, continuous monitoring remains essential. Return to the Copy Trading Overview tab on the copy trading homepage to:

• Review performance of copied trades
• Track profit and loss in real-time
• Modify or stop copying a specific trader

If a lead trader’s performance deteriorates or their strategy no longer aligns with your goals, you can change your copy settings or stop copying them entirely.

Binance Key Trading Features

Binance offers a range of trading tools beyond copy trading and futures. These features help users explore different strategies, simplify asset conversions, and automate decisions when needed.

Peer-to-Peer (P2P) Trading

The Binance P2P platform connects users directly to trade crypto without intermediaries. Buyers and sellers post offers, negotiate terms, and complete transactions based on mutually agreed prices and payment methods. There’s no central order book and each trade depends on trust and agreed conditions. Users can choose from over 100 fiat currencies and 800 paymentoptions, depending on regional access. This includes bank transfers, e-wallets, or even services like PayPal. Traders often use P2P to bypass traditional banking limitations or access local liquidity. Assets available include Bitcoin, Ethereum, and major stablecoins like USDT.

The system includes features like buyer/seller ratings and order history, giving users tools to assess counterparties before trading. While flexible, P2P requires caution and users must verify transaction details and only confirm trades once payments are settled.

Binance Convert

Binance Convert allows instant crypto swaps without touching the spot market. There’s no need to manage order books, set price limits, or track bid-ask spreads.

To use it, users pick the two assets they want to exchange, enter the amount, and confirm. The system calculates the conversion using real-time market prices. The quoted rate is locked briefly to avoid price drift during confirmation.

This tool suits traders who want speed and simplicity, especially during volatile moves or when rebalancing portfolios. Since it bypasses market depth and slippage issues, users can execute trades with confidence in both rate and execution time.

Options Trading

Options on Binance allow users to trade contracts tied to the price of underlying crypto assets, without owning the asset itself. These are European-style contracts, meaning they can only be exercised on the expiration date, but they can be bought or sold on the market at any time before expiry.

Options trading appeals to those looking to hedge positions, speculate with defined risk, or build multi-layered strategies. Each contract specifies a strike price and expiry date, and its value fluctuates based on market volatility and time remaining.

For those new to options, Binance offers an “Easy Options” mode. This simplified interface guides users through contract selection, expected trends, and pricing details. It removes technical clutter and makes the process easier to follow, especially for users who are trying options for the first time.

Trading Bots

Binance supports automated trading through built-in bots designed for specific strategies. These tools let traders set rules and let the system handle execution.

Grid bots place a series of buy and sell orders at predefined intervals within a price range. The goal is to profit from every small price movement in sideways markets. The bot keeps buying low and selling high as long as the asset stays within the set range.

TWAP bots (Time-Weighted Average Price) break large trades into smaller ones over a fixed time period. This reduces market impact, spreads out risk, and helps avoid triggering large price swings from a single trade. Both bots run automatically once configured.

How to Withdraw on Binance?

Binance supports withdrawals in both cryptocurrency and fiat. Users can send crypto to external wallets or transfer fiat to bank accounts, depending on the region and currency. Each process follows a few straightforward steps.

Withdrawing Crypto on Binance

To withdraw digital assets from Binance, users must first access their wallet and follow a few key steps.

1. 1. Access the Wallet Overview: Start by logging into your Binance account. Hover over the “Wallet” icon at the top right and click “Overview”. This takes you to a dashboard displaying your asset balances.

2. 2. Open the Withdrawal Page: From the overview screen, click the “Withdraw” button in the top right corner. Binance will direct you to the crypto withdrawal interface.

3. 3. Select the Crypto Asset: Choose the cryptocurrency you want to withdraw from the dropdown list. Binance supports a wide range of coins and tokens.

4. 4. Enter Wallet Address and Network: Paste the receiving wallet’s address into the address field. Choose the correct blockchain network that matches the receiving wallet. This step is critical—using the wrong network may result in loss of funds.
   5. Set the Withdrawal Amount: Enter how much you want to withdraw. Binance will display the network fee and the amount you’ll receive after fees are applied. Once reviewed, confirm the transaction. The system may prompt for authentication based on your account settings.

Withdrawing Fiat on Binance

Fiat withdrawals let users send funds directly to their bank accounts. This feature is region-dependent and varies by currency and payment method.

1. 1. Select Fiat Withdrawal Option: On the withdrawal page, click “Withdraw Fiat” on the left sidebar. This opens the fiat withdrawal section.

2. 2. Choose the Fiat Currency: Select your preferred currency from the list. Binance supports a variety of fiat currencies, such as USD, EUR, GBP, and others. Availability may depend on your region.

3. 3. Enter Bank Details: Add your bank account details. Requirements vary by region and currency. For example, SEPA transfers are available for EUR in supported countries, while other users may see options like wire transfers or credit card withdrawals.

4. 4. Confirm and Submit: Enter the amount you wish to withdraw and review all information. Once verified, click “Submit”. Funds will be sent to your linked bank account after Binance processes the request. Withdrawal times depend on the selected method and local banking regulations.

Binance Fees

Binance follows a maker-taker fee model where the base trading fee starts at 0.1% per transaction. This means if a user trades 1 ETH, they pay 0.001 ETH as a fee. However, these fees reduce as trading volume increases or if users hold Binance Coin (BNB). Binance uses a tiered VIP system, and as users move up the levels by trading more and maintaining a higher BNB balance, they unlock further fee discounts automatically. Additionally, users can choose to pay trading fees with BNB to get a 25% discount on spot and margin trades.

For futures trading, Binance offers one of the lowest fee rates in the market—charging 0.02% for maker orders and 0.04% for taker orders. These rates also decrease with higher trading activity and elevated VIP status. Binance’s fee reductions apply instantly when requirements are met, and users can review their tier and savings under their account dashboard.

Crypto deposits on Binance are free. However, withdrawal fees vary depending on the asset and network used. Each cryptocurrency has a unique blockchain fee, and Binance adjusts the cost based on current network conditions. For fiat withdrawals or purchases through the Binance Fiat Gateway, fees range from 0% to 7%, depending on the payment processor and method. Bank cards usually come with higher costs, while bank transfers and region-specific services may offer zero-fee options.

Is Binance Secure?

Binance takes security seriously and uses several layers of protection to keep user funds and data safe. It runs real-time monitoring systems powered by artificial intelligence to detect suspicious activity. These systems use identity checks, facial recognition, and blockchain analysis to flag unusual behavior before it becomes a threat. Features like two-factor authentication (2FA), SSL encryption, and withdrawal address whitelisting help users secure their accounts against unauthorized access.

Most user assets are stored in cold wallets, keeping them offline and out of reach from online attacks. Binance also uses a Proof of Reserves system to show that all customer funds are fully backed. Its Web3 Wallet includes Multi-Party Computation (MPC) technology, which spreads transaction control across multiple parties, removing any single point of failure. On top of that, users get alerts if they try to send funds to suspicious addresses or interact with risky smart contracts.

The platform has faced breaches and regulatory pressure in the past, but has made efforts to improve. It is now fully licensed in France and operates with regulatory approval in countries like Italy, Spain, Sweden, Poland, Japan,and Australia. Binance has also adjusted its operations in certain regions, such as limiting ruble-based P2P trades in Russia due to international sanctions. These steps show Binance’s ongoing work to strengthen both its security and compliance standards.

Final Takeaway

This tutorial has covered everything you need to start trading on Binance. It goes over all the aspects from creating an account and securing your wallet to understanding fees, using key trading tools, and making withdrawals. Each section breaks down complex features into clear, actionable steps. After going through this in-depth guide, you should be able to start your trading journey on Binance. It is advised that you approach crypto trading with caution and use tools at your disposal to manage risks. Binance is one of the top cryptocurrency exchanges in the world and is an excellent choice for beginners and advance traders alike.

Jump into crypto with Binance—sign up now and claim up to $1,000 in bonuses! Trade Bitcoin, Ethereum, and more with zero hassle. This exclusive offer won’t last, so secure your reward today!

Frequently Asked Questions – FAQs