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Binance Desktop App Review

If you are tired of using the cumbersome web application of the popular Binance exchange, you should take a look at the Binance app. The desktop version has a user-friendly interface and all the main features to review the market and buy/sell crypto coins from your desktop or laptop.

Does Binance have a desktop client?

Like the cryptocurrency market is flooded with new products and platforms every day, it also has a large selection of exchanges that users can pick and choose from. The process, however, of choosing the right exchange is one that is arduous and hard.

Choosing the right exchange to trust with your digital assets and their storage is a critical choice that every cryptocurrency holder must make. The stakes of this decision are quite high, because it, in the cryptocurrency market, is literally life or death.

And that’s where Binance is your perfect choice. It has one of the largest daily trading volumes, multiple trading pairs, low fees, and a secure system.

As you already know, Binance has not only a web-based app that you can use from any PC, it has a mobile application to use on the go and it also has a desktop version that you can install on your Windows or Mac OS.

Binance desktop app overview

The desktop version of the Binance exchange has been around since 2018 and is widely used by the crypto community for trading on a daily basis and not only.

You may use the PC Client to trade using your Binance account and to also observe price movements.

And now let’s dive into the features that this app can offer.

  • Charts

The first thing that stands out when you open the app is the graphs. They provide you with a quick, visual representation of the state of the market and the performance of the trading pair currently selected. There are two basic charts: Candlestick and Depth.

  • The Time Interval

This is pretty self-explanatory. Toggling between different durations adjusts the chart accordingly, allowing you to compare the long-term vs the short-term performance of an asset.

  • Trading History

This is where you can find an updated log of recently completed trades for the selected trading pair.

  • Open Orders

On the top right corner, there is a list of orders set up by other traders for the selected trading pair which have not yet been executed. These are open orders. Red orders are sell orders, whilst the green ones are pending buy orders.

  • Order History

This is where your orders will show up, both during and after their execution. Active orders are displayed under the ‘Open Orders’ tab and can be canceled if you wish. A breakdown of completed orders is shown under the ‘Trade History’.

  • The Multi Options Feature

You will also want to compare the performances of the same coin in several different markets, or across different time periods simultaneously. Beforehand, the user was forced to repeatedly search for and toggle the various trading pairs and the time intervals repeatedly. Binance later added the Multi options into the desktop app, saving much hassle and time.

How to use Binance desktop app for Mac?

If you are using a Macbook Pro, Air, or iMac:

  1. You should be a registered user of the exchange. If you don’t have an account yet, you should sign up.
  2. Download Binance desktop application.
  3. Open this file by double-clicking on it. Drag the file to your Applications folder.
  4. Once it is installed, go to the Applications folder and look for the Binance icon. (You can also type Binance in Finder).
  5. Enter your email and password, and then click the Login button. Verify the captcha in the next step and enter 2FA (if enabled) to access your Binance account.

How to use Binance Windows app?

In order to start using the desktop version, you should follow these simple steps:

  1. You should be a registered user of the exchange. If you don’t have an account yet, you should sign up.
  2. Now click here to download the desktop package.
  3. After you downloaded the package, double-click on it and start the installation process.
  4. Running the application brings up a small window asking for your account ID and password. Enter your login details and proceed. Alternatively, if you only wish to look at the prices, you can log in as a guest as well.
  5. Solve the Captcha which stops bots from getting access to the critical features of the exchange. Drag the piece to its slot to complete it.
  6. You will now be greeted by the Google Authenticator screen. Fish out your six-digit code, and submit it to finally be taken to the app.

How to use Binance client to buy and sell crypto?

It is pretty much similar to using the web application. After you installed the app on your device and logged in to your account and reviewed the market trends, you are ready to go.

There is a small window where you will be actually performing your trade both for buy orders and sell orders. Pick up the trading pair, select the order type, and open your order.

Just make sure you have enough money in your wallet before you open the order.

Trading on Binance desktop

Binance offers only three kinds of trades: Market, Limit, and Stop-Limit.

  • Market order

A market order is the simplest of trades. You can easily buy or sell coins at the current market price on the exchange. It is also the quickest method, and almost always executes immediately.

Simply enter the amount of the crypto you wish to buy and click on the Buy button. Alternatively, if you wish to sell, toggle the ‘Type’ button to have the interface change its colors. Once you click either the buy or sell button your trade will then be processed.

  • Limit Order

A limit order option ensures that you can get the best deal, whether you are buying or selling. What you need to do, is to enter the price you are aiming for in addition to the quantity, and place the order. The order will remain on standby until the market hits your specified price point. At this point, Binance will carry out your trade at a price that is better or equivalent to it.

It is a powerful tool for maximizing your profits on the platform.

  • Stop Limit

Stop limit orders are a way of minimizing your losses. With a limit order, you can limit your risk and automatically sell out of your position if it hits a certain price.

Most savvy traders use Stop Limits to limit their potential losses. Stop limit is a great way to limit losses if you are not lucky this day.

How to lower Binance fees?

Comparing to other exchanges, Binance fees are quite low. That’s why it attracts traders from all over the world. However, there is an option to reduce those fees.

Would you like to save 45% of your trading fees forever? Then you need to register your Binance account via our referral link. Simple, easy, and money-saving.

How safe is Binance desktop app?

The security features and an exchange’s security history is something that every cryptocurrency trader has to keep in mind before dipping their toes into the exchange. It is essential to see and make sure that the security that an exchange is providing is enough and is a good fit for your portfolio.

Binance has a 2 step authentication process for all members and users. The first is a PIN or password set by the user and the second is the private keys which will be requested before processing any transaction.

Binance’s security history is spotless. The exchange has never been hacked and neither has the platform been breached. The one time that the exchange was suspected of being “hacked”, a third party API was misusing its access privileges for a pump and dump drive.

Overall, Binance is one of the most secure exchanges in the market at this point. Their wallet services are secure and safe, their transaction fees are quite low as well. Binance is a safe option for cryptocurrency traders and users and is probably one of the safest bets out there.

All their apps have the same security features. So even if your laptop was stolen, nobody would be able to log in to your Binance account unless you have your credentials within your digital note sticker.

Binance client pros and cons

I use the desktop app on my MacBook Air and I more than happy with my experience.

The main advantage for me is speed. When I use the website version, it may take some time for the charts to display. While the desktop app works so much better thanks to a different backend approach.

I love the interface. It is so easy and intuitive. I can easily navigate through the app to view my trading history and to open/close my orders.

The only disadvantage I have noticed is a few minor bugs. But that’s totally fine and doesn’t impact my trading.

Summary

If you are new to the world of crypto trading and looking for a reliable and easy exchange platform to make your first steps or if you are an experienced trader who just needs a simple platform to do regular trading, then Binance app can be the right choice.