Thinking of getting started with Binance? Whether you’re new to crypto or switching platforms, Binance offers a powerful suite of trading and earning tools. In this beginner’s guide, you’ll learn everything from registration to security, trading, and earning with Binance safely in 2025.
What is Binance? An Overview of the World’s Largest Crypto Exchange
Binance is a centralized cryptocurrency exchange platform launched in 2017 that quickly rose to the top of the global rankings due to its high liquidity, low fees, and broad range of supported tokens. Whether you’re buying Bitcoin or trading altcoins, Binance offers everything from spot trading to futures and staking.
Who is Changpeng Zhao (CZ)?
Changpeng Zhao, known as CZ, is the founder and former CEO of Binance. With a background in software development and prior roles at Bloomberg and Blockchain.info, CZ built Binance with a clear mission: to increase the freedom of money globally. His influence makes him one of the most recognized figures in crypto.
Where is Binance Based? Understanding Its Global Structure
Binance was initially registered in China, but quickly moved its operations overseas to adapt to regulations. It has no official headquarters, a unique structure that allows flexibility and global accessibility while complying with local jurisdictions through subsidiaries.
What is BNB? Binance’s Native Token Explained
BNB is the native utility token of the Binance ecosystem. Originally launched as an ERC-20 token on Ethereum, BNB now operates on the BNB Chain. It is used for:
- Paying trading fees at a discount
- Participating in token sales via Binance Launchpad
- Earning rewards in Binance Earn
- Governance on BNB Chain
BNB is consistently ranked among the top cryptocurrencies by market cap.
Binance’s Products and Services: What Can You Do?
Now that you understand the basics, let’s explore the features Binance offers — from spot to futures, earn, and more.
Spot Trading
Buy and sell over 600+ cryptocurrencies using market and limit orders.
Futures
Trade crypto contracts with leverage up to 125x. Suitable for experienced traders.
Earn
Earn passive income through staking, savings, and liquidity farming.
Launchpad & Launchpool
Participate in early-stage project token sales and earn new tokens.
NFT Marketplace
Buy, sell, and create non-fungible tokens directly on Binance.
Card and Pay
Use crypto for real-world payments or send funds globally.
Pros and Cons of Using Binance
Advantages
- Low trading fees (as low as 0.1%)
- High liquidity across pairs
- Diverse product ecosystem
- Advanced trading tools
- Strong security features (SAFU fund, 2FA)
Disadvantages
- Regulatory scrutiny in certain countries
- Can be overwhelming for beginners
- Requires KYC for full access
How to Use Binance: Register, Deposit, and Start Trading
Step-by-Step Account Setup
1. Go to website and click “Register”
2. Enter email, create password, verify identity (KYC)
3. Enable 2FA for added security
Deposit Funds
You can deposit crypto or fiat (via bank transfer, card, or P2P).
Start Trading
Choose Spot, Futures, or Convert. Use Limit, Market, or Stop-Limit orders.
Important Notes When Using Binance
If you plan to trade securely on Binance, follow these essential safety tips to protect your funds.
- Always enable 2FA and whitelist withdrawal addresses
- Beware of phishing links
- Double-check token names and networks when depositing or withdrawing
- Use cold wallets for long-term storage
- Stay updated with announcements and token delistings
FAQ: Common Questions About Binance
Is Binance Safe to Use?
Yes, exchange uses advanced security measures and has a Secure Asset Fund for Users (SAFU).
Can I Use Without KYC?
Yes, but with limited access (e.g., lower withdrawal limits and restricted services).
What Are Spot/Future Fees?
- Spot: 0.1%
- Futures: 0.02% maker / 0.04% taker
- Withdrawal fees vary by token
How to Contact Support?
Via live chat on the website or submit a support ticket.
Conclusion: Is Binance the Right Choice for You?
If you’re looking for a feature-rich, secure, and globally accessible crypto trading platform, Binance is an excellent choice. With robust tools for both beginners and pros, it remains the dominant exchange for a reason. However, always stay cautious and educate yourself on proper security practices.
