What is Binance?


Binance Overview. Key Features and Reputation

binance logo

Year Founded



Locations vary, not centralized

Regulatory Status

Complex and evolving, operates in restricted forms in some jurisdictions

Suitable For

Intermediate to experienced traders, those seeking extensive coin variety

Binance stands as the world’s largest cryptocurrency exchange by trading volume. It’s known for its massive selection of coins, deep liquidity, extensive features, and a focus on innovation. While Binance’s sheer scale and advanced offerings might feel overwhelming for beginners, experienced traders seeking a robust platform for managing their crypto portfolio often find immense value within its ecosystem.


Supported Cryptocurrencies

Altcoins: One of the broadest selections available, including small-cap, newly launched projects, and Binance Chain tokens.

Fiat Support

Multiple currencies (USD, EUR, GBP, AUD, CAD, etc.), deposit/withdrawal methods vary by region.

Trading Tools

Interface types: Basic, advanced, and Binance Pro cater to different skill levels.

Order Types: Market, limit, stop-loss, OCO, trailing stop-loss, and various advanced options.

Additional Features

Staking, Binance Earn (yield products), Binance NFT marketplace, margin trading, futures, lending, Binance Visa Card.


Binance Fees & Security

Fee Structure

Trading fees: Maker/taker model, discounts available with trading volume or BNB (Binance Coin) holdings.

Deposit/Withdrawal fees: Vary depending on the asset (crypto or fiat) and the method used.


Security measures: 2FA, cold storage, address whitelisting, insurance funds (SAFU).

History: Faced significant hacks in the past but has since bolstered security practices.


Binance Customer Support


Ticket system, extensive FAQ, active community forums, social media.

Availability & Responsiveness

Can be inconsistent, live chat availability isn't guaranteed.


Should You Consider Binance for Your Crypto Needs?

Binance presents a compelling option if you prioritize the following aspects within your crypto strategy:

  • Massive asset selection

    Ideal for building a diverse portfolio with exposure to both established and emerging coins.

  • Advanced trading tools

    Extensive features cater to users with experience executing complex strategies.

  • Innovation

    Binance regularly introduces new products and services, appealing to those seeking cutting-edge opportunities.

  • Consider regulatory concerns

    Thoroughly research Binance’s status in your jurisdiction before utilizing its services.


How to track Binance assets?

Monitor and capitalize all your Binance assets with auto-synced data about coin prices, NFT floor prices, advanced analytics and custom asset based opportunities.

Hodlezz app portfolio data and features

Easy guide to track and capitalize all your Binance assets

Get Binance API instructions for Hodlezz

From the account drop-down, select [Account]

From the account. & settings menu, select [API Management]

Get Binance API instructions for Hodlezz
Get Binance API instructions for Hodlezz

Follow the provided instructions and check the security steps

After checking through the security steps, name your new API

Get Binance API instructions for Hodlezz
Get Binance API instructions for Hodlezz

Select the API Key type and hit next

Make sure [Enable Reading] is active and copy the Public and Secret Key of your new API

Get Binance API instructions for Hodlezz

Use the Hodlezz mobile app to get more out of your CEX assets

Hodlezz app portfolio instructions

Open the Hodlezz mobile app and create a portfolio

Select the settings icon in your portfolio

Hodlezz app coin display
Hodlezz app Portfolio menu

Select [Add connector] from the menu

Select [Binance] to sync all your Binance assets

Binance integration in Hodlezz app
API Setup in Hodlezz app instructions

Choose a name for your connector and insert your public and secret key of your Read-only API

Start tracking all your crypto assets now

Experience seamless management of your digital assets with Hodlezz: the premier app for real-time tracking and analytics of your cryptocurrencies and NFTs.