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Binance Cryptocurrency Review

6.8

CURRENCY VERITY

7.0/10

CUSTOMER FEEDBACK

6.5/10

CUSTOMER SUPPORT

6.5/10

DESIGN

7.0/10

Pros

  • Fast, secure and reliable
  • World-class support
  • User-friendly

Cons

  • Doesn't offer phone Support

About Binance Cryptocurrency

Binance Cryptocurrency Jersey is the first fiat-to-cryptocurrency exchange to operate in Jersey under the auspices of the Jersey Financial Services Commission. Jersey is already a leading jurisdiction for asset management and other sectors of Financial Services, and has also been a leader in ICOs and crypto. Binance looks forward to expanding its business into a jurisdiction that already has highly-trained and experienced financial services professionals.

Binance Jersey offers a stable and safe fiat-to-cryptocurrency trading platform built on the same technology developed by Binance. The Jersey exchange currently provides secure and reliable trading of Pounds Sterling (GBP) and Euros (EUR) with Bitcoin (BTC) and Ethereum (ETH), in addition to asset management services to users.

Binance Jersey Exchange aims to build a secure, transparent and open blockchain community for users around the world. The Company will put our community interests first, sustain a 1,400,000 orders-per-second matching engine, provide 24/7 customer service, and count on strong technical support from our global team. Binance Jersey is building together, with our users, a world-class blockchain community.

ExchangeDetails
Exchange NameBinance Cryptocurrency
Exchange TypeCryptocurrency
LanguageEnglish
Email Support0.1%
 WebsiteHomepage
Support24/7
Deposit Limit20,000 EUR per da
Withdraw Limit10,000 EUR per day
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Binance Cryptocurrency Hosting Information

Given URL:https://www.binance.je
Domain:binance.je
Hosting:AS16509 Amazon.com, Inc.
Registrar:
Server IP:13.32.202.83
Name Servers:,
Creation Date
Expiration Date
Updation Date

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

Fee Structure on Binance Jersey

EUR Deposit/Withdrawal Fees

  • Deposit: 0.48 EUR (effective from July 1, 2020)
  • Withdrawal: 1.5 EUR (effective from July 1, 2020)
  • Deposit Limit: 20,000 EUR per day
  • Withdrawal Limit: 10,000 EUR per day

GBP Deposit/Withdrawal Fees

  • Deposit: 0.25 GBP (effective from July 1, 2020)
  • Withdrawal: 2.0 GBP (effective from July 1, 2020)
  • Deposit Limit: 20,000 GBP per day
  • Withdrawal Limit: 10,000 GBP per day

Trading Fees

The fees at any exchange are very important to consider. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. We call makers “makers” because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own. The maker-taker model encourages market liquidity as the makers providing the liquidity often receives a fee discount compared to the takers.

  • General 0.1% trading fee

Crypto Withdrawal Fees

  • CoinNameMinimum WithdrawalTransaction Fee
  • BTCBitcoin0.0010.0005 BTC
  • ETHEthereum0.020.01 ETH
  • BNBBinance Coin10.5 BNB
  • LTCLitecoin0.0020.001 LTC
  • BCHBitcoin Cash ABC0.0020.001 BCH
  • BGBPBGBP2010 BGBP

Deposit Methods

Previously, Binance only accepted deposits of cryptocurrencies and it did not accept any deposits of fiat currency. New crypto investors could then not trade at Binance. However, the exchange announced on 31 January 2019 that credit card deposits were then possible under certain circumstances.

The exchange has joined forces with a payment service firm from Israel named Simplex. This makes it possible for Binance-users to purchase BitcoinEthereum, Litecoin and Ripple with Visa or MasterCard-credit cards. This deposit method is however not possible for countries on Sanctions lists (such as Iraq, North Korea, Syria, Afghanistan, Lybia), nor residents of any of the following six US-states: New York, Connecticut, Washington, New Mexico, Georgia and Hawaii.

Binance Trading fees (Spot Trading)

Binance offers a flat trading fee of 0.10%. Accordingly, Binance does not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. Binance’s trading fees are far below the industry average which is arguably around 0.25%.

Binance Supported Cryptocurrencies

Binance supports a very large number of cryptocurrencies, several hundred of them. This makes it one of the exchanges in our Cryptocurrency Exchange List with the most supported cryptocurrencies overall. Apparently, the platform also has some form of quality assurance system. This system ensures that projects that have once qualified to be listed but later fails to meet such qualification requirements are delisted. For instance, on 15 February 2019, Binance decided to delist the following five cryptocurrencies: CloakCoin, Modum, SALT, Wings and Substratum.

Why trade on Binance Jersey?

Binance Jersey is built on technology developed by Binance, the world’s leading crypto exchange and one of the fastest success stories in the entire blockchain industry. Binance’s technology is used by more than 30 exchanges around the world today.

Fast, secure and reliable

Industry-leading performance, capable of processing 1.4 million transactions per second

State-of-the-art storage technology guaranteeing maximum security.

World-class support

24/7 live customer support

Over 95% of requests are processed within 24 hours

Fast KYC processing

User-friendly

Intuitive, easy-to-use interface

Simple and easy trading

Binance Customer Support

For an exchange to be successful, it requires a great customer support team, capable of answering all user questions and requests in a timely manner. While the support area on Binance could use a little work, the team is responsive and capable of offering professional aid to traders in need. Support tickets are submitted via an online form featured on the website, and responses are made via email. There is currently no live chat support, nor a phone number where customers can get in touch with the support team.


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