What Coins Does Binance Support? Cryptocurrencies You Can Buy
What Coins Does Binance Support? Cryptocurrencies You Can Buy
Friends who just entered the crypto space often ask: What coins can I buy on Binance? How many cryptocurrencies does it support? Today, we will introduce the cryptocurrency offerings on Binance in detail. You can visit the Binance official website to check the complete list of coins, or you can download the Binance official app to directly browse and search for all tradable coins. For Apple phone installation, please refer to the iOS install guide.
Overview of Binance Supported Coins
As of now, Binance supports over 350 cryptocurrencies and more than 1500 trading pairs. This number puts it at a leading level among all exchanges.
You can find different types of cryptocurrencies on Binance, from established major coins like Bitcoin to newly launched project tokens.
Major Cryptocurrencies
These are the cryptocurrencies with the largest market capitalization, highest recognition, and most active trading volumes. Beginners are generally advised to start with these.
Bitcoin (BTC)
- The "progenitor" of cryptocurrencies, born in 2009
- Ranks first in market capitalization, accounting for over 50% of the total crypto market cap
- Known as "digital gold", it is the primary value-storing crypto asset
- Capped at a total supply of 21 million, possessing deflationary attributes
- The trading depth and liquidity for BTC on Binance are the best among all exchanges
Ethereum (ETH)
- Ranks second in market capitalization
- Not just a currency, but a smart contract platform
- A large number of DeFi and NFT projects are built on the Ethereum network
- Transitioned from PoW (mining) to PoS (staking) consensus mechanism in 2022
- Extremely rich ETH trading pairs on Binance
BNB
- The platform token issued by Binance
- Consistently ranks in the top five by market capitalization
- Wide range of uses: fee discounts, Launchpad subscriptions, BNB Chain ecosystem
- Undergoes regular burns to reduce circulating supply
- Naturally the most convenient to trade on Binance
Solana (SOL)
- A public chain known for its high speed and low fees
- Rapidly developing ecosystem with numerous DeFi and NFT projects
- Transaction processing speed far exceeds Ethereum
- Has shown outstanding price performance in recent years
XRP
- A cross-border payment token developed by Ripple
- Focuses on fast, low-cost international transfers
- Partnered with multiple banks and financial institutions
- Remains active even after experiencing legal disputes with the US SEC
Other Major Coins
Binance also supports many other well-known cryptocurrencies:
- ADA (Cardano): Academically driven smart contract platform
- DOGE (Dogecoin): The most famous meme coin
- DOT (Polkadot): Cross-chain interoperability protocol
- AVAX (Avalanche): High-performance smart contract platform
- MATIC/POL (Polygon): Ethereum Layer 2 scaling solution
- LINK (Chainlink): Oracle network
- UNI (Uniswap): The largest decentralized exchange token
- LTC (Litecoin): The "lite version" of Bitcoin
Stablecoins
Stablecoins are cryptocurrencies whose prices are pegged to fiat currencies like the US dollar; 1 stablecoin is usually equal to 1 USD. In Binance trading, stablecoins are the most commonly used medium of pricing and exchange.
USDT (Tether)
- The stablecoin with the largest market capitalization
- Issued by Tether
- Has the largest trading volume on Binance
- The most frequently used deposit and withdrawal medium for Chinese users
- Supports multiple blockchain networks (ERC20, TRC20, BEP20, etc.)
USDC
- Jointly issued by Circle and Coinbase
- High transparency and compliance
- Regularly audited by third parties
- Also has many trading pairs on Binance
FDUSD
- A stablecoin issued by First Digital
- Heavily promoted on Binance
- Many trading pairs support zero-fee trading for FDUSD
DAI
- A decentralized stablecoin
- Generated by the MakerDAO protocol
- Does not rely on a single issuer
DeFi Tokens
DeFi (Decentralized Finance) is an important sector in the cryptocurrency industry. Binance has listed tokens from a large number of DeFi projects:
- UNI: Uniswap, the largest decentralized exchange
- AAVE: The largest decentralized lending protocol
- MKR: MakerDAO, the governance token for the DAI stablecoin
- CRV: Curve Finance, focusing on stablecoin swaps
- COMP: Compound, a lending protocol
- SUSHI: SushiSwap, a decentralized exchange
- SNX: Synthetix, a synthetic asset protocol
- 1INCH: 1inch, a DEX aggregator
Layer 2 and New Public Chain Tokens
Blockchain scaling solutions have been a hot sector in recent years:
- ARB (Arbitrum): Ethereum Layer 2 scaling solution
- OP (Optimism): Ethereum Layer 2 scaling solution
- APT (Aptos): Next-generation high-performance public chain
- SUI: A public chain developed by the former Meta team
- SEI: A public chain optimized specifically for trading
Meme Coins
Although meme coins originated as jokes, some have garnered massive market attention:
- DOGE (Dogecoin): The earliest and most famous meme coin
- SHIB (Shiba Inu): Claims to be the "Dogecoin killer"
- PEPE: A frog-themed meme coin
- FLOKI: Inspired by Elon Musk's pet dog
- WIF: A meme coin in the Solana ecosystem
- BONK: A meme coin in the Solana ecosystem
It is important to note that meme coins are extremely volatile and carry high investment risks. Beginners should treat them with caution.
GameFi and Metaverse Tokens
Cryptocurrencies related to gaming and the metaverse are also traded on Binance:
- AXS (Axie Infinity): A pioneer in blockchain gaming
- SAND (The Sandbox): A metaverse virtual world
- MANA (Decentraland): A metaverse virtual world
- GALA: A gaming platform token
- IMX (Immutable X): A Layer 2 focusing on NFTs and gaming
How to Find and Search for Coins on Binance
On the App
- Open the Binance App
- Tap "Markets" at the bottom
- You can see the categories for various sectors
- Use the top search box to enter the coin name or ticker
- Tap the coin you are interested in to view details and market data
On the Website
- Log in to the Binance official website
- Click "Trade" -> "Spot" at the top
- Search in the trading pair list on the left
- Alternatively, enter the "Markets" page to browse all coins
Filtering and Sorting
Binance's market page supports multiple filtering methods:
- Sort by price change (see which coins went up or down today)
- Sort by trading volume (see which coins are traded most actively)
- Sort by market capitalization
- Categorize by sector (DeFi, Layer 2, Meme, etc.)
What Coins Should Beginners Buy
If you are a beginner, it is recommended to start with the following coins:
The Most Conservative Choices
- BTC (Bitcoin): The "blue chip" of cryptocurrencies, the safest choice in the long run
- ETH (Ethereum): The second-largest cryptocurrency with the richest ecosystem
Slightly Advanced
- BNB: If you frequently trade on Binance, holding BNB has practical uses
- SOL: Advanced technology and a rapidly developing ecosystem
Not Recommended for Beginners
- Various small-cap altcoins
- Meme coins
- Newly listed coins
- Projects you completely do not understand
The basic principle of investing is: only invest in what you understand, and only use money you can afford to lose.
How Does Binance List New Coins
There are several ways Binance lists new coins:
- Direct Listing: Listed for trading directly after passing Binance's review
- Launchpad: Issuing new coins through IEO
- Launchpool: Distributing new coins through staking and farming
Binance's listing standards are relatively strict, and being listed on Binance is usually considered an endorsement of the project's quality. However, listing does not equal a recommendation; you still need to do your own research before investing.
Frequently Asked Questions (FAQ)
Will the number of coins supported by Binance increase?
Yes. Binance regularly lists new cryptocurrencies and will also occasionally delist coins with trading volumes that are too low. You can follow Binance's announcements to get the latest listing and delisting information.
Are all coins on Binance worth buying?
No. Being listed on Binance only means that the coin has passed Binance's basic review; it does not mean Binance recommends you buy it. Before investing in any cryptocurrency, you need to do sufficient research on your own to understand the project's fundamentals, team, technology, and market prospects.
Can I transfer the coins I bought on Binance elsewhere?
Yes. Cryptocurrencies you buy on Binance can be withdrawn to any wallet address that supports that coin, including other exchanges, hardware wallets, software wallets, etc. Make sure to select the correct network and address when withdrawing.
Are some coins only available to buy on Binance?
Most coins are traded on multiple exchanges, but a few new coins might only be traded on Binance when they are first listed. Over time, they typically expand to more exchanges.
Will Binance delist certain coins?
Yes. If a coin's trading volume remains too low for a long time, the project team runs into issues, or it fails to meet Binance's listing standards, Binance may decide to delist the coin. A prior announcement will be made before delisting to give users enough time to handle their holdings.
How can I know if a coin is worth buying?
It is recommended to research from the following aspects: project whitepaper, team background, technical features, market cap and circulating supply, community activity, partners, and competitor comparison. Do not buy just because the price goes up, and do not think it is "cheap" just because the price is low.