Binance

binance.com ↗

Spot crypto trading with order controls and several API interfaces

SI Score
80/100
Pricing
Pay-As-You-Go AI reading, not confirmed
Free plan
No AI reading, not confirmed
Sign-up required
Required AI reading, not confirmed

Ask SI about Binance

Answers use saved listing facts and recorded sources.
Homepage screenshot
Screenshot of the Binance homepage

What it does

Binance offers spot crypto markets through its website, app and documented trading interfaces, or APIs, that connect other software to the exchange. Users can place immediate orders or set a limit price, while developers can follow market data, manage orders and receive account events through REST, WebSocket and FIX connections.

Work with a spot order

On the website, choose Trade → Spot, select the pair and use the Limit tab. Enter the price and asset quantity, or use the balance-percentage slider to calculate the size. The order can execute when the market reaches that price or better; a limit set across the current market may execute immediately.

For a market buy, Total sets how much of the payment currency to spend, while Amount sets the crypto quantity. The eventual average fill can differ from the displayed market price.

Pending orders appear in Open Orders. The bin icon cancels one on the website, and Trade History shows completed fills. The app uses the same Trade and Spot route with a separate order-type selector.

Changing an order is a replacement

An open or partly filled limit order can be edited from Open Orders → Edit. Change the price and amount, then confirm.

Binance cancels the previous order ID and creates a new one. Insufficient balance can cause the order to be canceled rather than updated. Keep that behavior in mind when changing size or when software tracks orders by ID. The TradingView chart also supports price adjustment after its Kline Adjustment setting is enabled.

The developer route

The official spot repository separates market streams, user-data streams and order interfaces. REST, WebSocket and FIX documentation cover different connection patterns. Symbol filters, commission calculations, trailing stops and self-trade prevention have dedicated references.

The spot testnet allows API-based practice. It supports the spot /api routes but not the separate /sapi wallet routes, so a successful spot test does not validate a wallet integration. Official connector libraries and Postman collections provide starting points for implementation.

Charges and eligibility

The regular spot tier lists 0.10% maker and taker fees. Paying eligible spot fees in BNB applies the stated 25% discount, giving 0.075%; specific pairs and higher-volume tiers can differ. Funding and withdrawals have their own costs.

An individual needs legal capacity and must be at least 18, or the higher age of majority required where they live. Registration includes personal information and identification checks.

The global prohibited-country list excludes US citizens as well as US residents or people located there. It also excludes residents or people located in Canada, the Netherlands and listed sanctioned territories. Local product restrictions can be additional. Confirm the exchange entity and available markets for your country before funding; a Binance-branded regional service is not necessarily the same account.

Strengths

  • Spot guides cover amount-based and budget-based market orders, limits and trade history
  • The official API repository includes testnet scope, order filters and connector libraries

Watch out for

  • Editing an open limit order replaces its ID and can cancel it if the balance is insufficient
  • Spot testnet coverage does not include the separate wallet API routes

Best for

  • Eligible spot traders and developers who need explicit order controls and documented exchange interfaces

Sources