Home The Best Binance Coin Exchanges in 2023

The Best Binance Coin Exchanges in 2023

A growing number of people are eager to learn more about the best Binance Coin exchanges.Read more

Binance Coin is a digital coin issued by the Binance exchange that trades under the BNB symbol. This crypto has a better chance of success than most others because of its link with the world’s biggest crypto exchange.

Yet the Binance exchange is only one of the places where you can buy BNB. There are quite a few others, given the coin’s popularity. The issue is that not every crypto exchange is trustworthy.

Certain entities have turned out to be scams. Others seemed to have a solid base, only to collapse, taking investors' money with them.

With this in mind, you should read this article to find Binance Coin exchanges that protect your money. Apart from this crucial info, you will also learn the following on this page:

  • How to buy cryptocurrency from an exchange
  • An overview of Binance Coin
  • How Binance Coin exchanges work
  • The different exchange options
  • What to do once you have digital assets
  • Things to consider when you select a BNB exchange

Before proceeding, please note that the following information is NOT financial advice. Trading with crypto and using exchanges are activities that come with risks.

It is possible to lose your entire investment. Thus, you should only use funds you can afford to lose.Read less

Kyle Simmons
Last Updated September 5, 2023 3:37 PM

Best Binance Coin Exchanges in 2023

Without further ado, I’m delighted to announce that these are the best Binance Coin exchanges.

  1. Coinbase  – Best for beginners. Coinbase is known for its easy-to-use interface and extensive educational material.
  2. eToro  – Best crypto platform for beginners.
  3. Kraken  – Best exchange for advanced trading.
  4. Bitstamp  – Best value crypto exchange.
  5. Crypto.com  – Best exchange for altcoins.
  6. Gemini  – Best crypto app.
  7. SoFi Invest  – Best portfolio tools.
  8. Binance.US  – Best exchange for staking rewards.
  9. KuCoin  – Best exchange for emerging altcoins.
  10. Uphold  – Best platform for multi-asset trading.

Why Trust CCN?

A healthy dose of cynicism is a good thing when it comes to crypto exchanges. This is also the case about websites that review them.

At CCN, we welcome the challenge, and are constantly proving ourselves by doing it daily! Our team provides the best Binance Coin exchange reviews around, by digging deeper than anyone else.

This means reviewing dozens of sites by actually registering with them and trading. We deposit, buy, sell, trade, and withdraw like you and millions of others.

The difference is that we commit our findings to paper. Every important aspect of the BNB exchanges we analyze comes to light.

When you finish our reviews, you should know whether the Binance Coin exchange is right for you.

Review of Our Top 5 Binance Coin Exchanges

It’s only natural that you want to get started ASAP. Yet, checking out these short reviews of each BNB exchange before you proceed is a good idea.

1. Coinbase Exchange Review

Coinbase homepage

  • Overview: Coinbase was founded in 2012 and is headquartered in San Francisco, California. It is a well-established cryptocurrency exchange that caters to beginners. Coinbase offers a user-friendly interface and a wide range of educational resources to help users navigate the crypto space.
  • Tradable coins: Coinbase supports over 200 tradable coins, making it one of the most extensive selections available.
  • Fees: Coinbase charges a 0.2% maker fee and a 0.4% taker fee, which is competitive compared to other exchanges
  • Pros:
    • Beginner-friendly interface.
    • Extensive range of educational resources.
    • Wide selection of tradable coins.
  • Cons:
    • Higher fees compared to some other exchanges.
  • Visit Coinbase 

2. eToro Exchange Review

  • Overview: eToro is a crypto platform that is particularly well-suited for beginners. It was founded in 2007 and is headquartered in Israel. eToro offers a social trading feature that allows users to copy the trades of successful traders.
  • Tradable coins: eToro supports a wide range of cryptocurrencies, including Binance Coin.
  • Fees: eToro has a transparent fee structure, with no hidden charges. The fees vary depending on the type of transaction and the asset being traded
  • Pros:
    • User-friendly platform.
    • Social trading feature.
    • Wide range of supported cryptocurrencies.
  • Cons:
    • Limited advanced trading features.
  • Visit eToro 

3. Kraken Exchange Review

Kraken homepage

  • Overview: Kraken is a well-established cryptocurrency exchange founded in 2011 and based in San Francisco, California. It is known for its advanced trading features and robust security measures.
  • Tradable coins: Kraken offers a wide range of cryptocurrencies for trading, including Binance Coin.
  • Fees: Kraken has a tiered fee structure that depends on the user’s trading volume. The fees are competitive compared to other exchanges
  • Pros:
    • Advanced trading features.
    • Strong security measures.
    • Wide selection of tradable coins.
  • Cons:
    • Not as beginner-friendly as some other exchanges.
  • Visit Kraken 

4. Bitstamp Exchange Review

Bitstamp homepage

  • Overview: Bitstamp is one of the oldest cryptocurrency exchanges, founded in 2011 and based in Luxembourg. It is known for its focus on security and its competitive fee structure.
  • Tradable coins: Bitstamp supports a limited number of cryptocurrencies, including Binance Coin.
  • Fees: Bitstamp has a tiered fee structure based on the user’s trading volume. The fees are relatively low compared to other exchanges
  • Pros:
    • Strong focus on security.
    • Competitive fee structure.
  • Cons:
    • Limited selection of tradable coins.
  • Visit Bitstamp 

5. Crypto.com Exchange Review

Crypto.com homepage

  • Overview: Crypto.com is a popular cryptocurrency exchange that offers a wide range of services, including trading, staking, and a crypto debit card. It was founded in 2016 and is headquartered in Hong Kong.
  • Tradable coins: Crypto.com supports a large number of cryptocurrencies, including Binance Coin.
  • Fees: Crypto.com has a tiered fee structure that depends on the user’s trading volume and whether they hold the platform’s native token, CRO. The fees are competitive compared to other exchanges
  • Pros:
    • Wide range of services.
    • Extensive selection of tradable coins.
  • Cons:
    • Some features may be overwhelming for beginners.
  • Visit Crypto.com 

 crBinance Coin Exchanges

Keen to Buy Crypto? Here’s How to Get Started

If you’re ready to have crypto holdings, keep reading to learn how to begin your journey.

Choose a trustworthy exchange and register

Look for a reputable cryptocurrency exchange platform that suits your needs. Create an account on the exchange.

This requires providing personal information, such as your name and email address. You must also create a secure password.

Account verification

To ensure the security of your account, the exchange may require you to verify your identity. This usually involves submitting identification documents, such as a passport or driver's license.

Follow the instructions provided by the exchange to complete the verification process. Also, enable two-factor authentication (2FA) for an extra layer of security.

Deposit money and buy your chosen coins

Once you verify your account, deposit funds into your exchange account. Check the available deposit options on the exchange. They may include bank transfers, credit/debit cards, or other payment methods.

Choose the method that suits you best. Next, follow the instructions to deposit funds into your account. Now you’re ready to buy your chosen cryptocurrencies.

Place an order

After depositing funds, navigate to the trading section of the exchange. Look for trading pairs or markets where you can exchange your deposited currency for the cryptocurrency you want to buy.

For example, to buy Bitcoin, look for the BTC/USD or BTC/EUR trading pair. Decide on the amount of cryptocurrency you want and place an order. You can choose between a market order or a limit order.

Store your coins

After buying your chosen cryptocurrency, it's crucial to store them securely. You can store them in digital wallets.

Most exchanges provide you with a wallet where you can store your coins. Yet it's generally safer to use a separate wallet known as a hardware wallet or a software one.

These wallets provide added security and give you full control over your funds. Transfer your purchased coins from the exchange to your digital wallet. Please ensure you keep your wallet credentials safe.

What Is Binance Coin?

Binance Coin (BNB) is a cryptocurrency created by Binance, the world’s biggest crypto exchange. Binance launched it through an Initial Coin Offering (ICO) in July 2017.

This cryptocurrency exchange is one of the largest and most popular ones globally. It has a wide range of trading options and high liquidity.

Binance created BNB as an ERC-20 token on the Ethereum blockchain. Initially, BNB was used within the Binance exchange ecosystem. You could use it to pay trading fees, take part in token sales, and access premium features.

During the ICO, Binance sold BNB tokens to raise funds to develop its platform. It offered 200 million BNB tokens, and promptly issued these. The company had a plan to burn a part of the tokens each quarter.

Token burns help increase the remaining tokens' value by reducing the supply. Binance conducts regular quarterly token burns based on its trading volume.

In 2019, Binance launched its blockchain platform called Binance Chain. BNB transitioned from being an ERC-20 token to become the native cryptocurrency of Binance Chain. This transition allowed the use of BNB for various purposes within the Binance ecosystem.

Let’s take a look at a few of them.

Trading fee discounts

BNB holders can use Binance Coin to pay trading fees on the Binance exchange. They receive discounts as rewards.

Token sales and investments

You can use BNB to participate in token sales hosted on Binance Launchpad, the token sale platform. Among other things, it provides users with exclusive opportunities to invest in new blockchain projects.

Binance DEX

BNB is the native asset on Binance DEX, a decentralized exchange built on the Binance Chain. You can use it to pay transaction fees. It is also a medium of exchange for trading on the decentralized platform.

How Do BNB Exchanges Work?

Binance Coin exchanges allow you to buy and sell cryptocurrencies, including BNB. After creating an account, you can access dozens, if not hundreds, of other digital coins.

Crypto exchanges offer different trading pairs representing the cryptocurrencies you can trade. For example, Bitcoin (BTC) and Ethereum (ETH) form a trading pair where you can exchange one for the other.

The exchange displays the current market prices. You can choose the trading pair you want to trade.

Once you've deposited funds, you can place buy or sell orders. If you want to buy a cryptocurrency, specify the amount you want and the price you are willing to pay.

If someone sells at that price, your order is matched, and the trade is executed. For selling, you specify the amount you want to sell and at what price.

You can place two types of orders on a Binance Coin exchange: market orders and limit orders.

You can set a market order at the current market price. On the other hand, a limit order allows you to set a specific price you want to buy or sell. The order is executed when the market reaches your specified price.

Please note that Binance Coin exchanges charge fees for their services. These fees can vary and are typically a percentage of the trade amount. Be sure to check the fee structure of the exchange you're using.

What Are the Primary Crypto Exchange Options?

There are three types of Binance Coin exchanges. I outline all three and their pros and cons below.

Decentralized exchanges (DEXs)

Decentralized exchanges operate on a blockchain and allow users to trade cryptocurrencies with each other. As a user, you can do this without a third party. Here are some pros and cons of DEXs.


  • Control and security: DEXs control users' funds since transactions occur from their wallets. This reduces the risk of hacking or theft associated with centralized exchanges.
  • Privacy: DEXs often focus on user privacy. Thus, they don't need extensive KYC (Know Your Customer) procedures.
  • No single point of failure: DEXs are resistant to censorship and shutdowns, as they operate on a decentralized network.


  • Limited liquidity: DEXs generally have lower liquidity than centralized exchanges. As a result, it is harder to execute large trades quickly.
  • User experience: The interface and trading experience on DEXs may be less user-friendly. It might also need more technical understanding.
  • Limited token support: DEXs may not support all cryptocurrencies. This limits the number of available trading pairs.

Centralized exchanges (CEXs)

Centralized exchanges are traditional platforms. You trade through an intermediary, the exchange itself, after depositing funds. Here are some pros and cons of CEXs.


  • Liquidity: CEXs usually have higher liquidity. You enjoy the easier execution of trades, especially for larger volumes.
  • Wide range of trading pairs: CEXs offer a vast selection of cryptocurrencies and trading pairs.
  • User-friendly interfaces: CEXs often provide intuitive user interfaces. Thus, users of varying technical expertise can access them.


  • Security risks: Since CEXs hold users' funds, they become attractive targets for hackers. There have been exchange hacks, leading to the loss of user funds.
  • Privacy concerns: CEXs often require users to complete KYC procedures. Your privacy is potentially compromised as a result.
  • Reliance on third parties: You must trust the exchange to act fairly. Not everyone is comfortable doing this.

Hybrid exchanges

Hybrid exchanges combine features of both DEXs and CEXs. They aim to provide a balance between decentralization and usability.

These exchanges typically operate a centralized order book.

Yet, they allow users to keep control of their funds until trade execution. Here are some pros and cons of hybrid exchanges.


  • Enhanced security: You retain control over your funds until the trade is executed. The result is a reduced risk of hacks.
  • Improved liquidity: By operating a centralized order book, hybrid exchanges can provide higher liquidity than DEXs.
  • User-friendly interfaces: Hybrid exchanges strive to provide a user-friendly experience like centralized exchanges.


  • Trust in exchange: Users still need to trust the exchange with their funds during trading. But the risk is low compared to fully centralized exchanges.
  • Potential regulatory concerns: There are potential regulatory requirements for KYC. This depends on the structure of the exchange.
  • Centralized components: Hybrid exchanges still rely on centralized components. This means that they could be vulnerable to hacking or other security breaches.

When you choose an exchange type that aligns with your needs and preferences, it's important to consider your priorities. These might include security, privacy, liquidity, and user experience.

What To Do Next Once You Have Crypto

First of all, congratulations on becoming the latest member of the digital money movement!

You have a few options once you have cryptocurrency on a Binance Coin exchange. I outline a few of them below.

Consider a cold wallet for secure storage

Explore different types of cold wallets, such as hardware or paper wallets. These wallets store your cryptocurrencies offline, providing enhanced security against hacking or theft.

Select a reputable cold wallet that supports the cryptocurrencies you own. Follow the instructions provided by the wallet manufacturer to set it up properly and securely.

Start a withdrawal from the exchange to your cold wallet. Follow the withdrawal process on the exchange and provide the address provided by your cold wallet. This ensures that your cryptocurrencies are securely stored.

Find different ways to use your coins

Next, look for merchants or platforms that accept cryptocurrencies as payment. This can include online retailers, travel agencies, or even gambling sites.

Check whether they directly accept your specific cryptocurrencies. You might find that you must convert them into a more widely accepted coin.

Also, consider using digital assets for peer-to-peer transactions. Local cryptocurrency marketplaces or decentralized finance (DeFi) platforms can help.

Diversify your crypto portfolio

Explore different coins beyond the ones you currently hold. Learn about their potential, technology, and use cases. Look for projects with solid fundamentals and active development teams.

If you find promising cryptocurrencies, consider exchanging or trading some of your existing coins for these new ones. Crypto exchanges offer various trading pairs that allow you to swap one digital asset for another.

Assess the risks of different cryptocurrencies and diversify your portfolio. Divide your holdings based on your risk tolerance and investment goals.

Monitor the market

Keep yourself updated with cryptocurrency news, market trends, and regulatory developments. This information can help you make informed decisions about your investments.

Use tracking platforms or apps to watch your chosen cryptocurrencies' prices and market data. This can help you identify potential buying or selling opportunities.

Author Tip: Variety Is Key

Trying a few of the best Binance Coin trading platforms can provide several benefits. These include learning to use different interfaces and diversification. Doing this also reduces risk if an exchange collapses. Having identified these points, here's a discussion of all of them:

Learning different interfaces

Each BNB exchange has its own user interface and trading features. Trying a few of them lets you learn more about different interfaces. You can also explore the variety of order types, and trading tools.

This experience can expand your knowledge. It also makes you more versatile in navigating different platforms. Aside from these points, it allows you to compare and identify the exchanges that best suit your trading preferences and strategies.


Using different Binance Coin exchanges enables you to spread your risk across different platforms. Each exchange may have different listing criteria, trading pairs, and available cryptocurrencies.

Using multiple crypto exchanges also allows you to access a broader range of coins, reducing your dependency on a single platform. This is especially crucial, as diversification is an essential risk management strategy in the volatile cryptocurrency market.

Risk mitigation

Cryptocurrency exchanges are not immune to risks. Potential problems include technical issues, security breaches, or even the possibility of collapse. Using different exchanges reduces the risk of losing all your funds if one exchange faces a major problem.

If an exchange collapses, having accounts on other exchanges ensures that your holdings are not concentrated in a single platform. The demise of FTX should serve as a stark reminder of the risks.

Improved liquidity and trading opportunities

Different exchanges may have varying liquidity levels and trading volumes for specific digital coins.

Trying different exchanges allows you to tap into different liquidity pools. Thus, you receive better opportunities to execute trades at favorable prices.

It can also help you take advantage of unique features or trading options specific exchanges offer. Examples include margin trading, futures contracts, or decentralized exchange services.

Access to regional or specialized exchanges

Some Binance Coin exchanges cater to specific regions or offer specialized services. By exploring different exchanges, you may gain access to platforms that are popular in specific countries. They may also provide specialized trading features.

This is beneficial if you have specific interests. Alternatively, you may want exposure to certain markets that are better served by regional or niche exchanges.

Issues associated with using more than one crypto exchange

It's important to note that using more than one exchange also has some considerations.

For instance, it requires managing multiple accounts and wallets. This increases the complexity and responsibility of securing your funds.

You should carefully check each exchange's registration and verification process. This is a potentially time-consuming process.

Finally, transferring funds between exchanges may incur additional transaction fees.

Ultimately, you should try different BNB exchanges according to your preferences, risk tolerance, and trading goals. It's vital to conduct thorough research and understand the security measures of each exchange.

Also, assess their reputations before using them to ensure the safety of your funds.

Important Considerations When Picking a Binance Coin Exchange

Hopefully, you have realized the many benefits of using the top Binance Coin exchanges. But our #1 isn’t necessarily the best platform to trade BNB and other coins for you.

I outline a few things you should consider before pulling the trigger on registering with a crypto exchange.

Number of available cryptocurrencies

Check the exchange's selection of crypto assets. Ensure that the BNB trading platform supports the specific coins you want to trade or invest in.

A diverse range of available coins allows for more flexibility and investment opportunities.

Remember that some BNB exchanges won’t necessarily have the digital currency you desire. The best Binance Coin exchanges, like Binance and Coinbase, have hundreds of options. Unfortunately, not every platform can boast such a vast range.


Consider the exchange's liquidity. This refers to buying or selling cryptocurrencies quickly without significantly impacting the market price.

Higher liquidity ensures smoother and faster transactions, especially for larger trade volumes. If an exchange, like many DEXs, doesn’t have enough liquidity, you’ll struggle to have a price matched.

CoinMarketCap is an excellent resource for anyone looking to analyze a BNB exchange’s trading volume.


Security is also paramount when you deal with cryptocurrencies. Look for exchanges prioritizing two-factor authentication (2FA). It should also have encryption protocols, security audits, and cold storage for funds,

Reputation and a good track record of high security indicate a reliable exchange.

If a Binance Coin trading platform has weak security, your funds are at risk.

Educational tools

Test the exchange's educational resources and support for users. Reliable exchanges often provide a rich library of options. This helps users understand the platform.

They also offer trading strategies and outline the best security practices. Having access to educational resources is beneficial, especially for beginners.


Check the BNB exchange’s fee structure. Different exchanges have varying fee models. Examples include trading fees and deposit/withdrawal fees.

Consider the fee percentages, fee structures for different types of trades, and any additional costs associated with using the exchange.

Licensing and geo-restrictions

Check whether the exchange is licensed and regulated in its operating jurisdictions. Licensing adds credibility and may indicate compliance with regulatory standards.

Additionally, be aware of any geographic restrictions the exchange imposes. These limit access or services based on location.

You are taking a needless risk if you use an unlicensed operator. Such entities can easily steal your money and disappear. What’s worse is that you have effectively zero chance of getting it back.

For the record, regulators expect Binance Coin exchanges to meet the following criteria:

  • Anti-Money Laundering (AML)
  • Know Your Customer (KYC)
  • Counter-Terrorist Financing (CTF)
  • Provide evidence that the company is financially stable
  • Prove that it meets stringent security and risk management requirements

Product range

Check the exchange's product range beyond basic spot trading. Most exchanges offer margin trading, futures contracts, and spot trading.

Here’s a quick overview of these three forms of trading.

Margin trading

Margin trading allows users to borrow funds from a BNB exchange or other traders to increase their buying power.

You can enter larger positions than your available capital, leveraging borrowed funds. The borrowed funds serve as collateral. You must pay interest on the borrowed amount.

Margin trading can amplify both potential profits and losses. The exchange calculates profit/loss on total position size, including the borrowed funds.

Spot trading

Spot trading is the most basic form of trading in the cryptocurrency market. Traders buy or sell assets at the current "spot" price for immediate settlement or delivery.

The transaction is executed immediately. Ownership of the purchased cryptocurrency goes to the buyer's wallet.

Spot trading is straightforward. Traders can buy the underlying asset without any obligations or complexities.

Futures trading

This involves agreeing to buy or sell a cryptocurrency at a pre-agreed price and specified future date. These agreements are known as futures contracts.

Futures trading allows you to speculate on the future price movement of cryptos. Moreover, you never own the underlying asset. You can go long (buy) or short (sell) on the anticipated price direction.

Futures trading often involves leverage. As such, traders can open larger positions with less capital. It is important to note that futures trading carries extra risks. For instance, you could suffer significant losses due to price volatility.

Payment methods

Consider the available payment methods for depositing and withdrawing funds. Ensure that the exchange supports convenient and secure payment methods.

Popular options include:

  • eWallets (such as PayPal)
  • Digital tokens
  • Bank transfers
  • Debit/credit cards

Please note that fees vary depending on the payment method you use. For example, you can expect to pay higher transaction fees for bank transfers than crypto.

Last Thoughts on Binance Coin Exchanges

If you want to sample the delights of digital currency, you need to use a BNB trading platform. For novices, it is the easiest way to buy cryptocurrency.

The top Binance Coin exchanges enable you to choose from hundreds of crypto assets. But you must remember that only a small percentage will likely succeed.

Thus, I recommend that you research the cryptos that interest you. Decide whether they have enough upside to invest in. Also, you must determine whether you’re prepared to take the risk.

Always exercise risk management, no matter which coin and BNB exchange you choose. Invest what you’re prepared to lose, and not one cent more.


Let’s answer a few frequently asked questions about BNB exchanges.

How many Binance Coin exchanges are there?

This is a difficult question since trading platforms rise and fall regularly. Best estimates suggest there are between 500 and 600 crypto exchanges. However, not all allow you to trade BNB. Your best option is to use one of the exchanges listed on this page.

What level of finance do I need to use a BNB exchange?

Most people don’t know they can start with a few dollars. On Binance, there is no deposit limit. But you must trade at least $10 worth of crypto. On Kraken, it depends on the coin. For example, the smallest Ethereum Classic deposit is 0.01 ETH.

What services do crypto exchanges offer?

There’s something for everyone, whether you’re a regular trader or a HODLer. The best Binance Coin trading platforms help you buy and sell digital assets easily. They also offer margin trading, spot trading, options trading, and futures contracts. An exchange can act as a convenient short-term storage option.

Binance Coin Exchanges

About the author

Kyle is an expert content writer and casino player. He is the author of some of the most authentic pieces on gambling topics, having collected a decade of experience in the niche. Kyle spends a lot of his free time with youngsters educating them about responsible gambling, gambling security, and useful strategies.