Binance Review 2023

Binance is an inexpensive, speedy exchange with enough power to satisfy the experts, but might be a little overwhelming for crypto novices.

By Tom Blackstone Crypto Expert Tom Blackstone, Cryptocurrency Expert & Gabe Turner Gabe Turner, Chief Editor
Binance 2023 - Product Image
Editors Rating:
7.6 /10

What We Like

What We Don't Like

  • Not very user friendly: Binance’s UI can feel a little cluttered and clunky at times.
  • Questionable regulatory history: As of 2021, Binance is under investigation for tax fraud, money laundering, and insider trading in the U.S.

Bottom Line

If you’re looking to take things to the next level, Binance is certainly an exchange to check out. While it still offers a basic interface for newbies, its advanced options and powerful tools will keep advanced traders happy.
Citations
  1. CoinMarketCap. (2022). Top Cryptocurrency Spot Exchanges.
    coinmarketcap.com/rankings/exchanges/

  2. Bloomberg. (2021). Binance Faces Probe by U.S. Money-Laundering and Tax Sleuths.
    bloomberg.com/news/articles/2021-05-13/binance-probed-by-u-s-as-money-laundering-tax-sleuths-bore-in

  3. CNBC. (2019). Hackers steal over $40 million worth of bitcoin from one of the world’s largest cryptocurrency exchanges.
    cnbc.com/2019/05/08/binance-bitcoin-hack-over-40-million-of-cryptocurrency-stolen.html