Binance Review – Is Binance One of the Best Crypto Brokers?

NFTs found in our Binance review

If you’ve got some of the top NFT tokens, you’re still going to need a place to trade them. This is where Binance comes in as it’s got a great NFT marketplace. While this is a relatively new feature of the site, it’s already proving to be very popular. The main difference that you’ll find from other kinds of NFT marketplace is the fact that you’ll be buying and selling many of these digital assets in the Binance coin cryptocurrency. However, there are others that you’ll see displayed in Ethereum while there’s always a USD currency conversion alongside.

Beyond this, you can browse around the NFT marketplace and find thousands of assets range from mystery boxes from Italian soccer stars to cute artworks of pretty much anything you can think of.

However, it’s gaming NFTs that Binance excels at. Nowhere is this more visible than through the quality initial game offerings that you find at this site. These IGOs are exclusive sales of NFTs from some major game developers. As such, you could be first in line to get anything from a unique weapon to an exclusive skin that could be worth so much more in years to come. Recent IGOs featured at Binance included one for the excellent Summoners Arena RPG game, as well as StarSharks, Dark Frontiers, Mytheria, Syn City and much more.

Top marks for usability in our Binance review

The good news is that it’s actually pretty easy to use the Binance site and you won’t need to be an expert in cryptocurrencies to get started. We carried out the bulk of this Binance review on the brand’s stylish and intuitively designed website, but were pleased to see that there are also Binance apps available on iOS and Android mobile devices.

It’s a site that’s packed with all of the latest information about what’s happening regarding the price of your preferred cryptocurrencies – essential for anyone involved in NFT stocks. Beyond the changing crypto prices you’ll see the main tabs for trading cryptos and NFTs, as well as some more advanced options like futures and so on. Much of what’s on the Binance site is probably beyond most gamers and betting fans, but you’ll find it easy to get straight into the action of buying and selling your digital assets.

Making payments at this crypto brokers site

Once you’ve decided which crypto or NFT you want to buy, you’ll find easy ways to do so. First, you’ll have to make a deposit which can be done in a variety of different currencies like British pounds, Euros, US dollars and so on. This means that you can use regular currency in which to buy a cryptocurrency. So you can come to Binance and buy Bitcoin with US dollars, Ethereum with euros, Dogecoin in pounds and so on.

Most people will probably make a deposit with a bank card like Visa or MasterCard. However, our Binance review found that depositing via this payment method carries a 1.8% fee. Such fees can be bypassed if you deposit via P2P Express or through SEPA transfer. We found that all deposits went through in little more than five minutes. Please note that payment methods differ from country to country, some may not be available in yours.

We also found that it was fast and easy to make withdrawals from the Binance site. You could do so straight to your crypto wallet, or you could even make a withdrawal back to a regular currency like US dollars. The time taken for crypto withdrawals obviously demands on the number of network confirmations required to authorise the payment, while withdrawals of regular currencies could be instant if you have Visa Direct.

Just bear in mind that there will be fees for transactions on the Binance site. Thankfully these are all clearly listed in the Fees section in the site footer so that you shouldn’t get caught out.

Getting help from the Binance crypto brokers

We have to admit that we had a pretty easy time using the Binance site. However, we were glad to find that it was very simple to get some expert help from the brand’s customer care team. All that we had to do was tap on the live chat icon in the bottom right of the website and from here we could get a friendly and professional response to our queries.

Beyond this, you can also send Binance an email and the brand looks like it is active on its Instagram and Twitter social media channels. There’s also a seriously in-depth FAQ section in the support centre that has more information than you’re ever going to need. It’s a great place to look for if you need help with anything as simple as resetting a password to understanding more about how you can trade cryptocurrencies and much more. All of which shows that Binance is a crypto broker that is more than willing to help its loyal customers.

Why you can trust Binance

It’s always a good idea to be safe rather than sorry when you’re playing with real money. There are lots of scam crypto trading sites out there that give you absolutely nothing in terms of safety when you buy or sell cryptocurrencies. Thankfully, this isn’t something that you should worry about when you are at Binance.

This is because Binance has all of the necessary authority to operate in many countries around the world. While Binance has run into trouble with the financial conduct authorities in the UK and the US, it is still arguably one of the most trusted sites for cryptocurrency trading in the world. With an average volume of two billion traded every day, it’s a testament to the sheer size and success of the Binance platform.

Plus we have to say that we were impressed with how Binance values your online safety. There’s a lengthy privacy policy in the website footer that details how Binance will look after your data, and we were pleased to see that the site features all of the required digital encryption technologies. All of this means that Binance is a site that you can trust for anything from trading cryptocurrencies to buying or selling NFTs.

How to Verify a Binance Account

Now that you know what Binance is all about, you’ll be ready to get started here. Thankfully the crypto exchange makes it simple to set up an account and get your identity verified. Here is a quick guide for what you need to do:

• Set up an account: You can do this either on the Binance website or app. Just click on the Register link and then enter in your email address or telephone number.
• Verify your identity: You’ll need to verify your identity to make a fiat deposit and open up the withdrawal limits. To do this, you just have to verify your personal information by supplying some form of government-issued photo ID such as a passport or driver’s license. You will also be expected to provide a selfie.
• Secure your account: While Binance does all it can to keep your account safe, the brand recommends that you take additional steps such as using Google Authenticator or SMS Authentication.
• Start trading: Now you will be given the option to make a deposit in one of over 50 fiat currencies. You can do so either via a regular bank transfer or through a debit or credit card. There is also the option to make direct crypto purchases from your card.

How to Connect Metamask to Binance

• Get Metamask: You can go to the Download page on the Metamask site and download the software to your Chrome or Firefox browser. There are also mobile apps available for iOS and Android devices. Just follow the steps for installing the software.
• Setup your Metamask account: This means clicking on the Create a Wallet link and then making a note of the backup seed phrase. Doing this will allow you to recover your funds should you damage or lose your device. You’ll be asked to confirm that you have written down the backup seed phrase.
• Add the Binance network: Now you will need to click on the Add Network icon in the top-right. Here you will have to manually add the BNB Smart Chain Mainnet network.
• Start trading: Once connected, you’ll notice that the crypto denomination is set up as BNB rather than ETH. Now you can head over to the Account 1 section and type in your address and select the Give Me BNB tab. Here you’ll get to type in how much funds you wish to get and then you can start trading.

Conclusion – Highlights from our Binance review

It’s easy to see why Binance is one of the world’s largest crypto brokers. After all, it gives you a secure and easy way to trade hundreds of cryptocurrencies and its NFT marketplace is also hugely promising. We loved how easy it was to get started on the Binance site and there’s also enough here to satisfy those more experienced crypto fans.

If you’re reading this, then you are probably just getting started in using either cryptocurrencies or NFTs. As such, we’d recommend Binance for your buying and selling as it’s a site you can trust and it doesn’t overwhelm you with too much in the way of unnecessary information.

Plus we have to remind you of the fact that Binance has lots of exclusive NFTs on offer for some seriously impressive crypto games. All of which means that we have no hesitation about recommending that you sign up to Binance for anything to do with cryptocurrencies or NFTs.

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