With over 30 million users worldwide and over $10 billion in daily trading volume, Binance is the largest cryptocurrency exchange and offers a wide range of features and products.

Table of contents

  • Binance Deposit

  • Spot Trading

  • Margin trading

  • Derivatives trading

  • Leveraged Tokens

  • NFT market

  • strategic trading

  • OTC trading portal

  • Binance Conversion

  • Earn easily

  • Binance Vault

  • car investment

  • DeFi Staking

  • double investment

  • Binance Pool

  • Binance Card

  • Binance Launchpad

  • Binance launch pool

  • Recommended by Binance

  • Binance Angel

In addition to being one of the most popular cryptocurrency spot and derivatives exchanges, Binance also offers an entire community of other products to help users do more with their cryptocurrencies.

As an emerging product ecosystem, it’s difficult to grasp Binance’s sheer scale since its launch in 2017.

Today, we break down 20 of our most popular products, features, and services to help you get started quickly.

Binance Deposit

As a cryptocurrency exchange and financial products ecosystem, Binance allows users to buy, trade, exchange, earn and spend hundreds of cryptocurrencies.

But to start using many of the platform’s features, users need to first fund their account. This is where Binance deposits come in.

The platform allows users to deposit over 20 fiat currencies via bank transfer (SWIFT, SEPA, Faster Payments, etc.) and various country-specific deposit methods.

As a multi-asset crypto wallet, users can also top up their balance using over 675 cryptocurrencies. Cleared/confirmed funds can then be used across a range of Binance features and services.

Spot Trading

Binance’s main feature is its spot trading platform, which can be used to trade hundreds of crypto assets across thousands of trading pairs.

Binance’s spot trading platform comes in two distinct flavors: simple and advanced. As you would expect, this simple platform allows users to easily buy or sell cryptocurrencies instantly. It also supports recurring purchases for those who want DCA.

Tailored for experienced traders, the advanced spot trading platform supports more advanced order types and charting capabilities, allowing users to set limit, market, stop-limit orders, and more.

Binance Spot Markets charges market maker/taker fees of up to 0.1%, making it a cost-effective way to trade cryptocurrencies.

For more information on trading on Binance, see our complete guide.

Margin trading

Back in 2019, Binance added support for margin trading, allowing traders to open larger trading positions by borrowing funds from third parties.

Binance Margin supports over 600 trading pairs and up to 10x margin, allowing users to maximize capital efficiency when trading.

By borrowing funds, users pay a daily margin fee, which is paid to the margin lender. The platform has strict controls in place to prevent bankruptcy.

With daily interest rates as low as 0.005%, Binance margin trading is a powerful tool for experienced traders.

Derivatives trading

Binance supports a variety of derivatives products, including perpetual and quarterly futures, as well as European options.

Binance’s futures trading feature allows users to place various types of orders across a wide range of derivatives markets. This includes market and limit orders, various strategy orders and even trailing stop orders.

The platform has two main types of contract futures:

1. Stable currency-based futures: futures products settled with stable currency quotes such as BUSD and USDT.

2. Coin-based futures: futures products quoted and settled in cryptocurrencies such as BTC and ETH.

Binance currently offers perpetual contracts on over 200 cryptocurrencies, offering up to 125x leverage on some markets.

Leveraged Tokens

Binance is one of the few cryptocurrency trading platforms that supports leveraged tokens.

These tokens help traders short or long the token using leverage without the risk of liquidation.

Leveraged tokens serve as a simplified derivative product that can help less experienced users master leveraged trading with lower risk.

Users can choose to trade 20 different leveraged tokens, including Cardano (ADA), Build and Build (BNB), Bitcoin (BTC), Ethereum (ETH), and more, with up to 4x leverage.

It’s important to note that leveraged tokens incur various fees, including subscription and redemption fees – these fees only apply to leveraged tokens and not to other derivatives tradable on Binance.

NFT market

Launched in June 2021, the Binance NFT Marketplace is growing in popularity among digital collectibles connoisseurs as it supports a wide variety of premium NFTs.

The platform supports many of the most popular NFT collections on BNB Chain, including BULL BTC CLUB, TUD NFT, Dummy NFT, Golden Ape Club, and more.

It also supports multiple collections of mystery boxes.

Like most popular NFT marketplaces, the Binance NFT Market allows users to mint, sell, bid, and purchase NFTs from a variety of creators and collectibles. It also regularly hosts Initial Game Offerings (IGOs) where players can purchase game NFTs from exclusive top projects before anyone else does.

The platform supports royalties of up to 10%, and sellers pay a flat fee of 1% if they sell through the platform.

Listing is free.

strategic trading

Binance recently launched its new strategy trading tool, allowing users to choose from a range of trading strategies to automate their investing.

Users can choose to create their own strategies using spot or futures grids, or copy one of many existing strategies to deploy their capital.

API traders also benefit from Time Weighted Average Pricing (TWAP) and Volume Participation (VP) strategies.

There are no additional fees for strategy trading, but users should note that profits are not guaranteed.

OTC trading portal

The Binance OTC Portal is a specialized solution that helps private and institutional clients complete large transactions over the counter.

Binance OTC supports Request for Quote (RFQ) and Live Streaming Price/Request for Streaming (RFS) trading via API and allows users to deploy multiple algorithms to minimize large orders/illiquid assets. Slippage or market impact.

Binance OTC does not require wallets to be pre-funded, and participants have access to flexible credit lines to maximize capital efficiency.

This feature is mostly reserved for institutions, but some wealthy traders may find it useful.

Binance Conversion

The easiest way to trade on Binance: Binance Convert allows users to trade between 350 coins using market or limit orders.

By mixing in more advanced order types, Binance Convert helps users exchange their assets quickly without the usual complexities of cryptocurrency trading.

There are no additional trading fees with Binance Convert, and the quotes shown are the amounts traders will receive after executing market orders, while limit orders are executed exactly at the specific limit price.

Earn easily

Binance offers an easy-to-use investing feature called Simple Earn that allows users to deposit assets in exchange for earnings.

With support for over 300 cryptocurrencies, users can currently earn up to 52.9% APR on their deposits, and can choose to commit their deposits for a fixed term, or retain the ability to redeem at any time by choosing flexible staking.

In most cases, locked products offer higher APYs than flexible products, and users often have the option to automatically subscribe to the flexible product when their fixed product expires.

Binance Vault

One of Binance’s simplest investing products, BNB Vault allows users to stake their BNB to earn a variable APR (currently 0.35%), while also earning rewards through the Binance Launchpool and other yield products.

The tool is designed to aggregate returns from multiple sources to help BNB holders obtain the best returns.

BNB Vault offers users an overall APR of around 5-10%, compared to around 1% with any single BNB investment product.

car investment

To help users earn from their investments more easily, Binance offers a simplified automated investing product. As the name suggests, it allows users to invest in cryptocurrencies on a regular basis and then earn passive income from that investment.

Binance auto-invest supports 63 cryptocurrencies and allows users to customize their investment plan – choosing which coins and amounts to invest, as well as how often.

This helps users automatically adhere to a DCA strategy and gain exposure to a range of assets over a given time period.

DeFi Staking

Binance’s DeFi staking platform allows users to easily apply their token holdings to a variety of smart contract-driven investment options through simple flexible or periodic staking products.

At the time of writing, Binance DeFi Staking allows users to stake 14 different assets on popular DeFi platforms such as Venus, DYDX, Aave, and MakerDAO.

It should be noted that some DeFi staking products have quota limits, so users must seize the time to participate.

double investment

Dual Investment is one of Binance’s more sophisticated investment products, allowing users to earn while buying and selling the desired asset at a selected price and date, maximizing the profitability of their orders.

No matter which way the market moves, investors will earn money when buying one of the 14 different assets supported by Binance Dual Investment. Currently, estimated annual interest rates range from 2.5% to over 200%.

Binance Dual Investment features a newbie mode that provides a step-by-step guide to the subscription process, or users can choose to manually select from a range of available settlement products – filtered by asset type, direction, settlement date, and price target.

Binance Pool

Binance is one of the few cryptocurrency exchanges that offers its own mining pool – this helps miners pool their hashrate to more reliably generate returns from cryptocurrency mining.

Binance Pool supports five different proof-of-work (POW) algorithms and six different coins and charges a 0.5% fee, and is currently a popular choice among individual and institutional miners.

Binance Card

Binance Card is a cryptocurrency debit card that allows users to spend their cryptocurrencies in-store and online anywhere VISA is accepted.

Powered by Google Pay and Samsung Pay, Binance Card is available at over 60 million merchants worldwide and features on-site conversion between crypto and fiat currencies.

When using the card, users can earn up to 8% cash back (paid in BNB) on qualifying purchases, plus enjoy free ATM withdrawals and zero foreign exchange fees.

Instead, it charges a flat 0.9% conversion fee on payments. The card itself is delivered free of charge.

Binance Launchpad

Binance Launchpad is a popular crowdfunding platform that allows BNB token holders to participate in Initial Exchange Offerings (IEOs) of upcoming crypto projects.

With an average all-time high return of nearly 20,000% and a current return of 2,350%, Binance Launchpad is the best-performing IEO launchpad over the long term – a huge draw for Binance users.

Launchpad has been home to several notable projects, including Axie Infinity, STEPN, The Sandbox, and Elrond.

In most cases, users can subscribe to a Launchpad project simply by temporarily committing BNB. They will then receive an allocation equal to their share of the total committed BNB – so that if a user contributes 0.1% of all BNB, they will be eligible to purchase 0.1% of the available Launchpad project tokens.

Learn more about Binance Launchpad.

Binance launch pool

Binance Launchpad also includes an ancillary service called Binance Launchpool.

Similar to Launchpad, promising new projects can use Binance Launchpool to distribute their tokens to large numbers of new holders. The only difference is that these tokens are distributed to participants for free – similar to an airdrop.

Unlike Binance Launchpad, users can stake both BUSD and BNB to participate in Launchpool. By doing so, they can farm new project tokens within a specific farming period.

For example, as of this writing, users can stake their BUSD and/or BNB to farm Hashflow (HFT) tokens. Rewards are usually calculated daily and distributed within the farming window.

Binance has launched a popular referral program that allows existing customers to refer new users to the platform in exchange for a range of benefits.

Binance currently has two referral plans: Lite and Standard.

With the Lite plan, users will receive 100 USDT in trading credits for each new referral they make, and 100 USDT in trading credits for their referrals.

Participants in the Lite plan can also participate in a series of tiered tasks where they can earn up to 1,200 BUSD by referring new users.

Alternatively, users can choose the standard referral program, which allows them to create custom referral links. These referral links allow referrers to earn up to 40% in transaction fees from all users they refer, or provide up to 20% in transaction fee rebates to their referrals.

Binance Angel

The Binance Angels Program is a new initiative that allows volunteers to join the Binance family and help make cryptocurrency more accessible to everyone.

Binance Angels are tasked with helping Binance grow by pursuing a set of simple goals – such as organizing and hosting meetups, providing support, and testing new features.

In return for participating, Angels can attend Binance events as special guests, receive limited-edition gifts and help shape the future of cryptocurrency.

To learn more about Binance, check out their exchange overview page.

C3 Tip: The views, thoughts and opinions expressed here are solely those of the author. This article does not contain investment opinions or recommendations. Every investment and transaction involves risk.