Welcome to one of our crypto trading guides where we will review the Android version of the Binance trading app. After this review, you will be ready to download the Binance app and start trading.
Also, we are giving away a referral code with 20% off from all your trading fees and commissions on Binance trading site.
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What is the Binance Android and IOS app?
The Binance Android and IOS app is simply the Binance exchange in a mobile app format.
Basically, all the Binance Exchange desktop features are available in the app but Binance have choose to launch the app with two different user interfaces described in detail below.
Binance Lite Android and IOS app
Binance Lite is a feature in the Binance app that makes buying crypto even easier. Lite mode focuses on simplicity, speed, and ease-of-use.
For most of the crypto users, Lite mode functionality is good enough. Here, the core features are gathered which customers tend to use most frequently.
Users can easily check prices and make purchases without the distraction of complex order books and charts.
Binance App Lite mode is better for:
- Crypto beginners
- Users not familiar to orders books (easy way to buy and sell crypto)
- HODLers (non traders)
Binance Pro Android and IOS app
Binance Pro is better for active traders and advanced Binance users. Here, you will get a better trading interface and access to features like Binance Earn, trade directly with other users using Binance P2P, and access derivatives trading with Binance Futures.
Binance App Pro mode is better for:
Active and Experienced crypto traders and users
Users looking for advanced products in Binance’s ecosystem (Futures, P2P, Locked staking)
Where to download the Binance trading app?
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Binance Android App Review
Lets review the Binance Android app and see how to navigate and trade.
Below, you can see a screenshot from the Binance Adroid app home screen.
From the home screen have first a menu in the middle of the screen with 10 options.
- Deposit – Here, you can deposit fiat or cryptocurrencies
- Earn – Here, you can find all Binance savings products, including Binance locked staking and Binance ETH 2.0 staking
- Liquid Swap
- More – This will give you a complete overview over all menu options. See more below
- P2P Trading
- Credit/Debit Card
In the footer menu, you can see an additional menu with 5 options
Binance Android App Review - Pros and Cons
Here, we have summarized the pros and cons for Binance app for Android that you, as a trader, should know about before you download it:
– fast trading decisions and analysis
– instant access to altcoin markets
– convenient when away from the computer
– limited charts and charting tools
– not convenient for large trades and deep market analysis
Overall, both extensions share the pros and cons, as there is not much difference between them. They are meant for short trading analysis and smaller transactions. Experienced traders might find these useful since they already possess enough knowledge to conduct scalping trading. On the other side, we recommend trading starters to keep crypto trading small in value.
Conclusion - Binance Android App Review
In this Review Binance Android app review we did a fast summary of the app and the features. As a conclusion, there is not much difference between apps and the main Binance platform in terms of trading functions.
However, it is limited in chart designs. Thus, it is recommended for traders to use it mostly for quick market checkups and/or for small-sized trades.
Read our full Binance company exchange review.