Binance

Binance Review

Binance is a cryptocurrency exchange launched in 2017. Binance offers low trading fees, multiple fiat deposit and withdrawal options, and a good selection of cryptos.

What will you find from this Binance review?

I try to keep the exchange reviews on AI Cryptos short and sweet and only talk about topics that might be useful for buying AI cryptos from Binance.

• Binance trust factor - is Binance a safe exchange?
• Binance payment methods - which payment methods can you use to buy AI cryptos?
• Binance withdrawals - how can you withdraw money from Binance?
• Binance fees - what are Binance fees like?
• Binance KYC requirements - do you need to verify your account?
• How to buy crypos from Binance? Step by Step guide!
• Binance AI cryptos - which AI and big data cryptos can you find from Binance?

Binance trust & safety

Binance is the biggest crypto exchange in the world, it is available in more than 180 countries, has a listing of roughly 500 cryptocurrencies, and they have roughly 30 million users. Obviously, not all of these accounts are active. But all of this can only mean one thing - people do trust Binance and that's saying something.

Binance is also currently more secure than ever. That's because of the issue they had a few years back when their security was breached and thousands of Bitcoins were stolen.

Since then Binance and seriously upgraded their security and can be considered one of the most secure exchanges around.

Binance payment methods - how can you deposit and withdraw?

Binance offers a variety of payment methods for deposits and withdrawals, so everyone can find at least one payment method that works for them.

Binance deposit methods

How can you fund your Binance account? There are a lot of options.

• Instant crypto buy. You can use your credit/debit card or bank transfer to buy cryptos instantly, without fiat money (i.e. EUR, USD) ever landing on your account.
• Fiat deposit. You can deposit EUR, USD, and many other fiat currencies to your account using your credit/debit card or using Binance bank transfer option.
• P2P. You can use 100+ Peer to peer payment options to fund your account.
• Crypto deposit. If you have cryptos in some crypto wallet or another exchange, you can simply choose to deposit cryptos here.

Withdrawing money from Binance

You can withdraw money from Binance using almost the same options:

• Fiat withdrawal. You can withdraw EUR, USD as well as many other fiat currencies directly to your bank account or your credit/debit card.
• P2P. You can use 100+ Peer to peer payment options to withdraw your money.
• Crypto withdrawal. You can also withdraw your cryptos from Binance to another crypto wallet or exchange.

Binance fees - deposit, withdrawal, and trading fees

Binance fees are quite low.

• Trading fee: 0.1% . Binance base trading fee is just 0.1%, but depending on volume it can go even lower.
• Deposit fee: Free / 1.8% / €0.5-1 / 2%. Deposit fee depends on what you are depositing. If you are depositing cryptos, then you don't pay any fees. If you're using credit/debit card to deposit fiat, the fee is 1.8%. Deposits from your bank account are normally EUR 0.5 to EUR 1. If you use direct buy option with credit card, the fee is roughly 2%.
• Withdrawal fee: 1.8% / €0.5-1 / depends on the crypto. Binance fiat withdrawal fee is the same as with deposits, half a euro to a euro for bank transfers and 1.8% for credit card withdrawals. When it comes to crypto withdrawal fees, then these depend on the crypto. You can see the crypto withdrawal fees for the main currencies below:

Binance KYC requirements

You can buy cryptos without KYC, but in order to withdraw cryptos or fiat or to deposit fiat money, you definitely need to verify your account first.

So it's fair to say that KYC is required in Binance.

How to buy cryptos in Binance: Step by step guide

So how can you buy AI cryptos in Binance?

Here's a quick step-by-step guide if you want to use fiat payment option:

1. Create Binance account (if you don't have it yet)
2. Verify you account (if you haven't done it yet)
3. Now find the menu item from top-right of the page called "Fiat & Spot"
4. Click "Deposit"
5. If you're taking to crypto deposit page, then you can find the "Deposit fiat" link in the right side of the page. Click on it.
6. Now choose the deposit method. Normally you should see bank tranfer and bank card options there. Click on one of them.
7. Choose amount
8. If you chose bank card, you will need to add your card details and click Continue. If you chose bank transfer, click Continue.
9. In case of card payment, your deposit should be now on the way (unless it tells you to confirm the transfer). In case of bank transfer you'll be given the account details to make the payment to.
10. Normally credit card deposits arrive with no delay while bank transfers might take up to 3 days.
11. Once your money arrives in Binance, the easiest way to buy the AI crypto you want to to choose Trade -> Binance Convert from the top menu.
12. Now change the FROM currency to the fiat currency you just deposited (i.e. USD, EUR)
13. Now change the TO currency to the AI crypto you want to buy (i.e AGIX, FET)
14. Enter either the amount in fiat you want to spend or the amount of the chosen crypto you want to buy.
15. Press "Preview Conversion"
16. Press "Convert" - you have around 6 seconds to do it.
17. And it's done. You have just bought yourself a crypto.

As a next step, ideally, we'd recommend you find yourself an external crypto wallet and transfer your newly bought AI crypto there.

List of AI cryptos listed in Binance

Below you can find a list of all AI cryptos listed on Binance, based on our database entries. Please note that not necessarily all available AI and big data cryptos you can actually buy in Binance might be listed here.

Simply because we haven't marked them as belonging to AI cryptos category in our system yet. Or for some reason our system doesn't show the crypto is available in Binance.

But we're working on making sure this list is as complete as possible.

Binance offers low fees, good amount payment options, and enough AI cryptos

Binance is pretty much the biggest crypto exchange in the world. And that's one reason to trust them.

Binance offers low trading fees, easy crypto conversion option and Binance AI crypto listing also has quite many of the main AI cryptos there.

Other exchanges you can buy AI cryptos from

Binance doesn't list all available AI cryptos, or maybe there's just something you don't like about Binance.

So you might also want to check out a few other exchanges:

• Gate.io
• Hotbit
• Phemex

Author: Eli Fitsmined
Eli started buying an trading cryptocurrencies when Bitcoin was at 50k. Now he is mainly trying to find the next crypto gem among the AI and Big Data cryptos. Why? Because he believes these cryptos have potentially more potential than many others.