Binance is one of the safer exchanges compared to others. So if you’re actively trading crypto and need to keep it on an exchange, Binance is a pretty secure choice. However, if you’re holding large amounts of crypto long term, a private hardware wallet may be a better choice than keeping it on an exchange.

Unverified users on OKX can trade, deposit, and withdraw up to 10 BTC in crypto funds — forgoing what the industry considers best practice for KYC. Unverified users also have full access to every trading feature, including riskier products, like Futures trading, that are typically used by more experienced users.

In most cases, Binance withdrawal requests are processed within 5 minutes. However, some tokens and transactions can take up to 24 hours to process.

Is Binance good for beginners? Binance offers a relatively secure, versatile way to invest in and trade cryptocurrencies. Binance could be overwhelming for beginners and experienced traders alike. Binance offers lower fees than many other cryptocurrency exchanges.

As long as your private key is stored in a secure location that only you have access to, you will have complete control over your Bitcoin (or other cryptocurrencies).

Bank transfer (ACH) is a popular and easy payment method for US-based users of Binance to deposit funds into their accounts. Currently, Binance customers can deposit (and withdraw) up to $5,000 each day without any fees. However, it’s always best to check Binance’s website for the latest information.