Binance
VerifiedRank #2CEX · Est. 2017 · Cayman Islands
About Binance
One of the world’s largest cryptocurrency exchanges by trading volume, offering a wide range of services including spot, futures, and staking options.
Payment Methods
| Method | Type | Fee |
|---|---|---|
| Credit Card | Direct Purchase | 2.00%+ 0.75% spread ~2% |
| Debit Card | Direct Purchase | 2.00%+ 0.75% spread ~2% |
| PayID | Fiat Deposit | Free Free |
| Bank Transfer (BSB) | Fiat Deposit | Free Free |
| Bank Transfer (PayID/BSB) | Fiat Withdrawal | Free Not published on Binance's public fee page |
| Crypto (On-chain) | Crypto Withdrawal | Free Variable (Network Fee) |
| AUD Balance | Direct Purchase | Free+ 0.75% spread Variable |
Trading Fees
Trading on the advanced order book
| Tier | Maker | Taker |
|---|---|---|
| Regular User - 30-Day Volume < $1M | 0.1000% | 0.1000% |
| VIP 1 - 30-Day Volume >= $1M | 0.0900% | 0.1000% |
| VIP 2 - 30-Day Volume >= $5M | 0.0800% | 0.1000% |
| VIP 3 - 30-Day Volume >= $20M | 0.0400% | 0.0600% |
| VIP 4 - 30-Day Volume >= $75M | 0.0400% | 0.0520% |
| VIP 5 - 30-Day Volume >= $150M | 0.0250% | 0.0310% |
| VIP 6 - 30-Day Volume >= $400M | 0.0200% | 0.0290% |
| VIP 7 - 30-Day Volume >= $800M | 0.0190% | 0.0280% |
| VIP 8 - 30-Day Volume >= $2B | 0.0160% | 0.0250% |
| VIP 9 - 30-Day Volume >= $4B | 0.0110% | 0.0230% |
Account Requirements
KYC Verification
Minimum Amount
A$50.00
Daily Limit
A$50,000.00
Features
Review
Binance: Is It Good for Buying XRP?
Binance is a cryptocurrency exchange established in 2017 and headquartered in Cayman Islands. With a trust score of 10.00/10, it ranks #2 among exchanges tracked by CoinGecko.
The platform supports 480 coins across 1,352 trading pairs, including XRP. Trading fees start at 0.1000% maker / 0.1000% taker, with lower rates for high-volume traders.
Looking for the best place to buy XRP? Read our complete guide to buying XRP or compare exchanges side by side to find the right fit for you.
Frequently Asked Questions
Is Binance safe to use for buying XRP?
Binance has a trust score of 10.00/10 on CoinGecko. It requires KYC verification, which adds a layer of security for all users.
What are the fees for buying XRP on Binance?
Binance charges a maker fee of 0.1000% and a taker fee of 0.1000%. It supports 7 payment methods including Credit Card, Debit Card, PayID.
How do I buy XRP on Binance?
To buy XRP on Binance: 1) Create an account and complete verification (KYC required). 2) Deposit funds using one of the supported payment methods. 3) Navigate to the XRP trading pair and place your order. Visit our buy XRP guide for more detailed instructions.
Exchange Stats
- Rank
- #2
- 24h Volume
- 168.77K BTC
- Coins
- 480
- Trading Pairs
- 1,352
- Established
- 2017
- Country
- Cayman Islands
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