Best For

      IEO Participations
      Privacy Focused Users
      Altcoin Focused Traders
      Advanced Traders

Binance DEX is a decentralized cryptocurrency exchange with 100+ active listed crypto assets. The platform launched in 2019 and allows users to make on-chain trades of crypto assets issued and listed on Binance Chain. Binance DEX is a decentralized alternative to Binance.com, a centralized exchange that consistently ranks as one of the world’s largest by adjusted trade volume.

Binance DEX Exchange - 2020 Comprehensive Review

Overall Score:

5.5
Trusted
Liquidity:
4 of 10
Purchase Options:
2 of 10
Ease of use:
7 of 10
Trust:
8 of 10
Fees:
9 of 10
Support:
6 of 10

Binance DEX Exchange Overview

Trading Fees Maker: 0.1% / Taker: 0.1%
Exchange Type Decentralized
Fiat Trading No
Purchase Options Crypto Deposits
Android App No
iOS App No
Trading Options Spot Trading
Order Types Limit
Exchange Token Binance Coin
Token Benefits Trading Fee Discounts
Charting Software Custom
KYC Check No
KYC Rules NO KYC
IEO Platform No
Education Resources No
Convert Micro Balance No
Institutional Accounts No
Trading API Yes
Deposit Insurance No
Withdrawal Speed Fast
Customer Service Telegram Channel
Promotions NO PROMOTIONS

Binance DEX Trading Fees (Maker & Taker)

TierMonthly Volume RequirementMakerTakerMaker
Discount
Taker
Discount
Level 1$1.00 + BNB Balance = 1.000.10%0.10%0.04%0.04%

Binance DEX Withdrawal Fees

Binance DEX operates as a blockchain, all transfers are charged 0.000375 BNB per transfer.

Unlike Binance.com and Binance.US, Binance DEX does not have a minimum requirement or fees for withdrawals.

Binance DEX does not charge deposit fees.

Binance DEX Markets & Volume

Rank

177

Total Assets

55

Total Markets

61

Volume 24h

$332,526.29

Volume 7d

$2,979,696.78

Volume 30d

$18,132,297.40

Binance DEX Top Markets

Crypto AssetsPricePairs24h Volume
$0.00$0.00

Binance DEX Supported Stablecoins

Stablecoin AssetsPricePairs24h Volume
TrueUSDTUSD$1.153$43.90

Binance DEX Exchange Alternatives

Rating5.5/107.5/106/10
Trading FeesMaker : 0.1%
Taker : 0.1%
Maker : 0%
Taker : 0%
Maker : 0.1%
Taker : 0.2%
Fiat TradingNoNoNo
Purchase OptionsCrypto DepositsCrypto Deposits, Credit CardsCrypto Deposits
Trading OptionsSpot TradingSpot TradingSpot Trading
IEO PlatformNoNoNo
Mobile AppsNoYesNo
HeadquartersMaltaSingaporePanama
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Low Trading Fees - Binance DEX sets fees for makers and takers at 0.1% for non-BNB trades. BNB based trades are even lower at 0.04%. These are considerably better trading fees compared to the industry standard.
  • Non-Custodial - Binance DEX does not hold user funds. This reduces security risks for both the exchange and its users.
  • Excellent Reputation - Binance.com consistently ranks as a top cryptocurrency exchange and is regarded by most as the industry standard. Binance DEX carries forward this same reputation.
  • Available Assets - Available Assets
  • IEO Platform - In June 2019, Binance DEX hosted its first IEO. Binance DEX now serves as an additional option for users interested in participating in such events.

Cons

  • Location Restrictions - Binance DEX bans IP addresses from the following countries: United States of America, Albania, Bosnia and Herzegovina, Belarus, Congo (DRC), Côte d'Ivoire, Crimea, Cuba, Iraq, Iran, North Korea, Liberia, Macedonia, Myanmar, Serbia, Sudan, Syria, Zimbabwe.
  • Low Liquidity - Many markets on Binance DEX have low 24 hour trading volume.
  • No Customer Support - Unlike Binance.com and Binance.US, Binance DEX doesn’t have a customer support ticket system. Binance DEX users can try the exchange’s official Telegram or Twitter, but there is currently no streamlined support system available.
  • No Margin Trading - Binance DEX does not currently offer margin trading. Users looking to margin trade can do so on Binance.com.
  • No Market Orders - Market orders are widely regarded as the most efficient order type. Binance DEX only has limit orders, meaning that users likely have to wait long periods of time before their orders get 100% filled.
  • No Mobile App - There is currently no mobile app for Binance DEX. There is no information on if or when it will be available.

Frequently Asked Questions

Is Binance DEX truly decentralized?

Is Binance DEX safe?

Does Binance DEX have a mobile app?

Does Binance DEX offer margin trading?

Who can use Binance DEX?

Summary

In April 2019, Binance DEX launched as a decentralized alternative to Binance.com. At the time, many considered this to be a new era for Binance as a company, and a step towards mainstream adoption of non-custodial P2P trading.

Binance DEX has several issues that need to be addressed. Low liquidity for many listed crypto assets and lack of popular order types are two examples. For the most part, assets listed on Binance DEX are limited to those built on Binance Chain. The vast majority of these are lesser-known altcoins with low market caps.

Binance is working to strengthen its blockchain community and introduce new crypto assets through IEOs on Binance DEX as well as Binance.com. Unfortunately, this platform has not generated the industry-wide impact that many thought it would. Blockfer currently recommends that users trade elsewhere, such as Binance.com, unless they have a specific reason to use Binance DEX.

Learn More Best Features

Binance DEX Official Website

  • Non custodial exchange backed by the Binance brand.
  • Trade BEP2 token assets from smaller and or newer projects that are not listed in other exchanges.
  • Trading fee discounts. 0.04 Maker / 0.04 Taker trading fees when paid in BNB.

Legal & Regulation - Facts & Figures

Legal Name Binance Holdings Limited
Incorporated Country Malta
Headquarters Singapore
Year Founded 2017
CEO Changpeng Zhao (aka. CZ)
Total Employees 251-500
Regulators Malta Financial Services Authority, Malta Digital Innovation Authority
Links Website, Crunchbase, Whitepaper, Source code, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The decentralized cryptocurrency exchanges found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our decentralized exchange reviews and comparisons include: liquidity, user experience, trading fees, trading options, listed assets, reputation, and wallet integrations.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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