With the continuous emergence of cryptocurrencies, exchange platforms keep appearing too. Binance is very popular on the market because it offers a wide variety of cryptos on its site. So how do you open a Binance account?
Binance Review 2026: Recommended Platform or Not?
To go further, also read our guides “Cryptonex Review” and “MoonPay Review“.
Binance Account Review: What Is It?
A Binance account is an account opened on the Binance exchange. Its main purpose is to let you carry out the various operations related to cryptocurrencies. Opinions of the Binance account are mostly positive because of its main strength: variety. This Chinese platform’s main distinction is that it is the largest crypto exchange by volume. With more than 300 cryptos on offer, it easily outclasses its competitors on this point.
The account has kept up with the standard required in the industry, as shown by the broker’s services being rated as generally decent. It offers the general public much wider access to as many cryptocurrencies on the market as possible. However, investors strongly regret the lack of assets other than cryptos. This limitation makes the account much less attractive than a Vantage or eToro account.
PS: It is better to use the wallets of regulated brokers.
Binance Account Review: Some Key Figures
To form a clear opinion of Binance, the best way is to look at its performance. In finance, figures are the arguments that count. So here is some data to help you take a position on Binance.
- Available in more than 180 countries worldwide, with the Binance team present in 40+ countries.
- $2.8 billion in average daily trading volume
- More than 15 million users around the world
- A service in 16 languages on Binance.com
- 184 cryptocurrencies available on Binance.
Binance Account vs eToro Account and Other Platforms
Key Information: Binance vs eToro | ||
 |  | |
Overall Rating | ★☆☆☆☆ 1.5/5 | ★★★★☆ 4/5 |
Year Founded | 2017 | 2007 |
Number of Cryptos | 300 | 26 |
Official Website | https://www.coinbase.com/fr/ | https://www.etoro.com/fr/ |
Headquarters | Hong Kong | Cyprus |
Regulation | … | CySEC – Cyprus |
Copy Trading | No | Yes |
Leverage | x1.5 or x3 | No |
Average Fees | 0.1% or 0.5% | 1.0 pip |
Most Traded Cryptos |
|
|
Mobile App | Yes | Yes |
What Types of Accounts Are Available on Binance?
There is only one type of account on Binance: the platform only lets you open a single account. So a beginner and an experienced trader will use the same account. This is not advanced enough for either, as it limits one and increases the risks for the other. However, the account can hold around a hundred sub-accounts depending on the customer’s needs. This feature can only be useful for beginners who want to practice, given that Binance has no demo account. It is of little use, however, to an experienced trader who cannot devote too much time to it.
How to Use Binance to Buy Crypto
With a Binance account, you can access the various cryptocurrency operations on the market.
- Buying cryptocurrency on Binance
Buying cryptocurrency with fiat money is one of the operations investors look for most. Combined with a wide variety of cryptocurrencies on offer, it is undoubtedly a winning combination for the platform.
Once you have completed the registration and verification steps and deposited your funds, you can finally buy. Simply go to the platform’s website and follow the steps to select the crypto you want. Then choose the amount and the payment method. When choosing a payment method, keep two points in mind. First, costs can differ greatly depending on whether you choose a bank transfer or card payment. Second, with some payment methods you will have to wait at least 2 to 3 days before receiving your cryptocurrencies in your account.
- Selling cryptocurrency
Selling crypto on Binance has been made much easier. Simply go to the “Sell” section of the platform’s website, then select which of the cryptocurrencies you hold you want to sell. You will receive a confirmation message, and only then will the transaction be confirmed. Your proceeds are of course paid directly into your account.
- Exchanging cryptocurrency on Binance
Conversion is also very attractive on the Chinese platform. Offering a wide variety of cryptocurrencies makes this operation much more practical than on other platforms. Some cryptos are not offered for sale and can only be obtained through exchange.
To do this, go to the website and use the “Trade” tab. Once you have found the cryptocurrency you are interested in, carry out the conversion by specifying the amount you want to convert.
*68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
What Are Binance’s Fees in November 2026?
This Chinese platform’s fees are around 0.1%, which is a standard rate. However, this fee can be reduced if you hold a certain volume of Bitcoin (BTC) and Binance Coin (BNB) in your wallet. As for deposits, the platform charges no commission. Withdrawal fees, on the other hand, vary depending on the cryptocurrency you withdraw; the fee schedule can be found on binance.com. For withdrawals of fiat currencies such as the euro or the dollar, there are no withdrawal fees.
Finally, if you use Binance Coin to pay your fees, they will be 0.5%. As for Binance’s spread, it generally ranges between 0.25% and 7.95%. But these fees are not really competitive enough for the platform to truly stand out on the market. Platforms such as AvaTrade and eToro easily beat it on this front.
Binance Regulation
As for Binance’s regulation, it was regulated in Malta. That regulation was deemed compliant with legislation on virtual financial assets. Recently, another regulation has been claimed, despite the lack of any significant document to prove it. For now, the authorities and other regulators such as the AMF have spoken out clearly.
That does not mean Binance fails to meet its obligations. It is involved, for example, in the fight against money laundering, and it follows a strict KYC procedure.
The lack of regulation is a serious blow to Binance’s reliability. So it is much wiser to turn to a better-regulated platform such as eToro.
Do You Need to Declare Your Binance Account for Taxes?
The need to declare mainly concerns the gains made through the account. The rule is that as long as profits are not converted into euros, there is no need to declare them. However, holding an account on a foreign platform must be declared. So you need to declare your Binance account, since it is a foreign platform.
How to Secure Your Binance Account
The account is secured when it is created through a username and password. This gives exclusive access to your account and prevents outside interference. The second security measure is stronger verification through the KYC procedure. This shows, for example, in the verification required when withdrawing more than 2 bitcoins in 24 hours.
How to Withdraw Money from Your Binance Account
To withdraw funds from your Binance account, there are a few steps to follow:
Withdrawal
- First, log in to your Binance account, then go to the “Wallet” section and the “Fiat and Spot” tab.
- Then click the “Withdraw” button.
- Under the Fiat tab, select the currency you want.
- Next, select “Bank transfer (SEPA)” for the euro.
- Enter the amount you want to withdraw, then click “Continue” to create a withdrawal request.
- Then enter the account details (the recipient’s name is filled in automatically).
- Finally, be sure to check the details before confirming the withdrawal.
How to Close Your Binance Account
Deleting your Binance account seems impossible, as there is no option in the mobile app or on the website. However, you can disable your Binance account. Simply go to the website, open the security section, look under account activity and select the disable option. You can of course reactivate the Binance account later. This action is often used to protect against suspicious activity on your account.
Where Can I Find My Binance Account Number?
“Where can I find my Binance account number?” is one of the questions that comes up most often on the Binance forum. This account number is useful, even necessary, in many respects. Note that the Binance account number is simply linked to your user ID.
The Binance Referral Program
Referral codes can indeed benefit you. The program simply involves inviting people you know to open an account on the platform. This way you can get a bonus of 20% to 40% through a code provided by the platform.
Diversifiez votre patrimoineInvestissez dans l’artDes tableaux originaux, pièces uniques signées par l’artiste. Un actif tangible, loin des écrans et des cotations.Voir les tableaux →Advantages of a Binance Account
To really assess Binance’s performance and form your own opinion, here are the platform’s main strengths.
- It is a platform that tries to stay up to date by making constant adjustments.
- It lets customers participate through the Swap Pool.
- It has one of the best-performing networks in the industry.
- Binance offers a wide choice of cryptocurrencies compared with its competitors.
- Its staking offer lets you earn tokens for free with a regular return, through the Binance Earn option.
- You can use the Binance Visa card for everyday spending.
- Binance also lets customers take out loans in cryptocurrency on the platform.
- Businesses can also open an account with Binance.
Disadvantages of a Binance Account
Negative reviews of Binance are generally due to the various gray areas in its track record.
- The platform is hard to get to grips with quickly. Although the site looks fairly simple at first, the ordering tools are not, and the mobile app is poorly designed.
- Ambiguous regulation lacking clarity and documentary support. Although it is often said to be regulated by CySEC, this cannot be confirmed.
- The platform’s customer service is fairly slow for the industry, with very unconvincing effectiveness.
- The platform risks shutting down in the near future, because of international pressure over the thefts and hacks it failed to handle. Its lack of effective protection is a failure in its obligations to its customers.
- Binance is not very reliable, with fairly weak security.
- The limited range of assets that can be traded on Binance.
- Fluctuations in the platform’s fees, which can turn out to be much less favorable to the customer.
*68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
An Investment Account for the Future in [userip_location type=”country”]?
The Binance account has a number of strengths, such as its high liquidity and its wide choice of more than 300 cryptos. This shows that, with cryptocurrencies going mainstream, this broker’s position seems to be strengthening. Financial analysts agree that crypto will grow in the future, and specializing in this field is a good bet for the platform. It has also managed to keep pace with the market leaders by betting on a highly diversified range of cryptocurrencies.
However, there is one area where Binance does not shine at all: regulation. The platform is not fully regulated. No international body or entity regulates the broker. This could hurt it in the future, as investors will be wary of it.
Which Wallet App Does Binance Offer?
Wondering where to find your Binance wallet? In the early part of its existence as a crypto platform, it did not have its own wallet. During that period, the platform simply linked your personal wallet to your account, much like linking your Binance account to your bank account if you use bank transfers. Only recently did the platform acquire Trust Wallet. So far, this is the biggest change made on the platform, apart from the Binance Smart Chain account feature.
However, this wallet is not very reliable as it is still fairly new. For more secure wallet services, the best option is still to turn to a platform such as eToro, which even offers this service for free.
Binance Account: Which Platform to Choose to Buy Cryptocurrencies?
With virtual currency exploding as a popular asset in 2025, you need to know which ones will be profitable. To start investing in or trading cryptos, it is vital to choose the right broker or risk being scammed.
Binance has chosen to specialize in virtual currencies, which means it is an exchange. Cryptocurrency has gained hugely in popularity, as the prices of some of them show. Looking at the benchmark cryptocurrency, the rise is even greater: Bitcoin’s price started at $0.001 and went on to reach the staggering sum of $64,868 in 2025.
However, Binance’s qualities are only average for the industry. So we recommend the AvaTrade platform instead, which is much better in many respects. And if you are still a beginner, the eToro broker is preferable.
Binance in France: Buying Cryptocurrencies in France
France is one of the countries where Binance has established itself, as reflected by French being one of the languages offered on Binance.com. However, presence isn’t everything. The platform’s reliability cannot be verified simply by its physical presence in the country. The lack of regulation is what is most worrying right now, because if the platform uses dubious tactics, taking action against it will be much harder. To avoid this kind of problem, other countries have found ways to deal with it. For example, Binance accounts must be declared in Belgium to prevent any future complications.
Which Cryptos Are Available on Binance?
There are around 300 cryptos available on this platform. As they are the only assets Binance offers, this variety is to be expected. Here is a non-exhaustive list of cryptocurrencies on the Chinese platform:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Binance Coin (BNB)
- Tron (TRX)
- Cardano (ADA)
- Monero (XMR)
- Cosmos (ATOM)
- DASH
- Stellar Lumens (XLM)
- Ontology (ONT)
- IOTA
- Zcash (ZEC)
*68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Which Countries Allow Binance?
Here is a short list of countries that allow Binance accounts to be opened on their territory.
- Austria
- Belgium
- Bulgaria
- Croatia
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Norway
- Poland
- Portugal
- Republic of Cyprus
- Romania
- Russia
- Slovakia
- Slovenia
- Spain
- Sweden
- United Kingdom
Should You Keep Your Cryptos in a Wallet or Trade Them in 2026?
Whether you trade or simply store your cryptocurrencies is up to you. How you use your crypto should match the goal you have in mind, and will depend mainly on the characteristics of your cryptocurrencies, since each can have its own nature depending on its blockchain. If you want to use your crypto as a store of value, the cryptocurrencies known as “stablecoins” are the ones to hold. They are used as a store of value because of their stability compared with more volatile cryptos, so these are the ones to keep in your wallet to preserve your funds. It is also advisable to favor offline cold storage for your crypto to maximize security.
For trading, and speculation in particular, volatile cryptocurrencies are much more attractive, because their price volatility gives traders the opportunity to take different positions. However, this can be a risky undertaking for novice traders, which is a weakness of this platform. eToro addresses this by offering a restricted account to protect beginner traders’ investments, so they cannot invest in high-risk instruments.
Tips for Choosing a Binance Account
Before deciding whether to choose this platform, a few points should be raised. First, Binance has no demo account, which is a huge drawback since you cannot try it out to form an opinion. In addition, the platform offers only one account to its users. However, with this account you can have no fewer than a hundred sub-accounts depending on your needs. These will be much more useful for beginner traders; an experienced trader will not have enough time to use them to any significant advantage.
The other point worth raising is the Binance Smart Chain feature in the account. This option is fairly innovative in the cryptocurrency sector. Once selected, the Binance Smart Chain network lets you send cryptocurrency in a transaction and then withdraw it directly from your Binance account, with the funds withdrawn to your external wallet.
Why Invest on This Platform?
From our analysis, choosing to invest on this platform is certainly not without interest. With its many strengths, Binance is clearly a fairly mature platform in functional terms, and its choice to offer the widest possible variety of cryptocurrencies has been a smart one.
However, it falls short on reliability and security. The lack of clear regulation is a real weakness, which over time breeds mistrust, and a drop in popularity could seriously harm its future development. As for security, this is easy to see from the various hacks it has suffered recently. Following these events, many investors decided to delete their Binance accounts. To avoid this kind of problem, it is better to turn to more competent, regulated brokers such as AvaTrade or eToro.
Can You Use the Account to Buy Crypto Anonymously?
Because of the KYC procedure imposed by the authorities, it is impossible to buy cryptocurrencies completely anonymously with a Binance account. This is an attempt by governments and authorities to regulate these cryptocurrencies. Since they cannot control virtual currencies directly, they have decided to regulate their use by identifying users. However, this method has a flaw: it is still possible to acquire cryptocurrencies anonymously on the darknet.
*68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Best Alternative to Binance?
As we have seen in this article, opening a Binance account is not currently recommended given its mediocre features. So we recommend turning instead to crypto accounts on platforms with a proven track record.
Conclusion: Our Binance Account Review
Given all of the above, the current state of the Chinese platform makes it unattractive to investors. Moreover, it is not possible to say precisely what returns you can make with this platform, as they can vary depending on market conditions. However, if its situation is regularized, you can reactivate a previously closed Binance account. For now, we recommend AvaTrade or eToro if you want to trade or buy cryptocurrencies securely.
Read also: Binance Staking