A Complete Binance Review Australia 2023.
500+ COINS
Binance
Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao a developer who had previously created high frequency trading software. Binance has grown rapidly since its launch and is now one of the most popular cryptocurrency exchanges. Binance offers a wide range of features including a powerful trading platform, a wide range of supported cryptocurrencies, and a variety of helpful tools and resources. If you are looking for a top-notch cryptocurrency exchange, Binance is definitely worth checking out.
Is Binance safe?
In its history of trading billions upon billions of coins, Binance has proven itself to be safe and reliable, even though it faced a hack of over $40 million worth of Bitcoin 2 years ago (Binance was able to cover user losses). Users have complained about delays with withdrawals, but there has never been a case of them deliberately stealing user funds. If you are really security conscious, you should get a hardware wallet and store most of your coins there instead of on an exchange like Binance. "Not your keys, not your coin" is the saying. 2 F A is always recommended for account security.
Is Buying Binance Coin Legal in Australia?
Yes, the HTML PUBLIC is "- //W3C //DTD HTML 4.0 Transitional" " http :// w w w. w 3. o r g/t r/r e c-h t m l 40/l o o s e. d t d. t h e coin is legal in Australia. The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 defines them as property, not currency. Exchanges that register with the Australian Transaction Reports and Analysis Centre (AUSTRAC) are allowed to sell certain types of coins to residents. Exchanges have to hold an Australian Financial Services licence in order to treat them the same as financial services companies. This means that the assets that are sold for investment and finance purposes must be classified as regulated financial products.
Product Specs
| BINANCE | |
|---|---|
| ACH Transfer | No |
| Credit | Yes |
| Cryptocurrencies: | 600+ |
| Deposit | $0 |
| Deposit fee | Free |
| Fees | 0.10% spot-trading fees, 4.5% debit card purchases |
| Fiat Currencies | More than 500 (148 for Binance.US users) |
| Fiat currency | AUD |
| Headquarter: | Malta |
| Maker | 0.10% |
| Market | Yes |
| Max. Trading Fee | 0.1% |
| Minimum deposit | $0 |
| Mobile App | Yes |
| Offers Derivatives | Yes |
| Offers MAM Accounts | No |
| Other Fees | 0.50% instant buy and sell fee |
| Payment methods | PayID/OSKO |
| Regulation | No |
| Review: | Read our full Binance Au... review |
BINANCE - Reviews
2021-08-25
One of the best and fastest exchanges out there, I use both Binance and KuCoin and am very happy. On Binance you can get the best leverage for your coins.
2022-04-08
Had a great experience with them. Very cool to have the Binance card and use it for shopping and exchange Crypto to Fiat.
2023-01-10
Best and biggest trading platform with the minimum fees, they make my trading journey easy. Happy to be here.
2023-05-27
Best platform I have ever seen. I love everything binance doing from p2p trading to binance pay. Everything is stable and effective for both new users and professionals.
Verdict
Australians will be able to buy altcoins on the platform. With over 380 coins and token to choose from and trade with fees starting from 0.1%, Binance Australia is tailored to serious and frequent traders. The trading platform has tools and features for margin and derivatives. Many of the features that will benefit the majority of everyday investors are still too complex for beginners. There is a 100 U S D T bonus using a referral code.