What is Binance? A Simple Explanation for New Crypto Users

If you’re new to cryptocurrency, you’ve probably heard of Binance—but what exactly is it? In this guide, we’ll break it down in simple terms for beginners, explaining why it’s a top choice in 2025 and how you can get started.
Binance 101
Founded in 2017 by Changpeng Zhao, Binance is the world’s leading cryptocurrency exchange. It’s a platform where you can buy, sell, and trade digital currencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). With millions of users globally, it’s trusted for its reliability and variety.
What Makes Binance Special?
- Low Fees: Trading fees start at 0.1%, and you can lower them further with BNB.
- Huge Selection: Over 500 coins and tokens to choose from.
- Beginner-Friendly: An intuitive app and website make it easy to start.
- Extra Features: Staking, savings, and futures trading for growth.
How Does It Compare?
Compared to Coinbase, Binance offers lower fees and more coins, though Coinbase might feel simpler for absolute beginners. Binance strikes a balance between ease and power, making it ideal for new users who want to grow.
Why Start with Binance?
It’s secure (with features like SAFU fund protection), fast, and packed with tools to learn crypto. Plus, signing up with a referral link gives you a head start with bonuses.
Ready to Explore?
Binance is your gateway to crypto in 2025.
Sign up today to unlock exclusive rewards and dive into the crypto world!