Last Updated on 6 November 2023 by CryptoTips.eu
Binance Jersey Review
On January 16th 2019, Binance Jersey announced that it will start its operations as the first fiat to cryptocurrency exchange in Jersey located near the coast of Normandy, France. The platform operates according to the framework administered by the Jersey Financial Service Commission. The exchange aims to offer a secure and safe platform for both the individual investors and institutions. Jersey is an established jurisdiction in the financial services world. Many asset management firm and institutions are operational on the island. Binance Jersey is developed on the technology used by the parent organization Binance.
Do not mistake the location of its operations to its name. Binance Jersey is available in whole Europe. Also, it is operational in other countries in the world such as, Hong Kong, Australia, Canada and other developed countries. In this Binance Jersey review we will research this exchange, find out if it is safe to trade here and share your final score. At the end of the review you will find the space to leave your own experience with a rating of your choice.
Create a free Binance Jersey account and pay zero fees for EUR and GBP
Binance Jersey | Details |
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Visit Binance Jersey |
Fiat-to-crypto solution of Binance Trading fees of 0.10% Temporary no withdrawal and deposit fees EUR and GBP |
Binance Jersey alternative
Are you looking for a Binance Jersey alternative to trade easily trade fiat currencies? A lot of people think that the Binance Jersey fees are way too high for the payment methods. We have a great, Europe-located exchange that offers a lot of payment methods and charge almost as low fees.
The Bitvavo exchange is one of the top exchanges of CoinMarketCap and offers the best payments methods such as: iDEAL (free), Bank Transfer (free) Bancontact (free), MyBank (1.5%), EPS Überweisung (1.75%), SOFORT (2.25%) and Giropay (1.75%). These fees are cheaper than at Binance Jersey.
They offer more than 58 cryptos, supply built-in wallets and have a great support team. Click on the following link to activate your welcome bonus and trade the first €1.000 for free at Bitvavo.
Claim €25 Free Crypto and Trade €10.000 For Free at the Bitvavo Exchange
What is Binance Jersey?
Binance Jersey is the extension of world renown cryptocurrency trading platform Binance. It is offering a secure platform to launch new tokens and provide an incubator for the new blockchain projects. In addition to provide asset management services to its users, the exchange is giving the secure option of trading British Pounds and Euros with cryptocurrencies.
Binance Jersey is the most suitable option for folks living in Europe to buy cryptocurrencies. The exchange offers the option to buy cryptocurrency using fiat currencies like euro. You don’t have to buy or own cryptocurrency beforehand to trade on the exchange.
Unlike the parent organization that offers hundreds of different coins for trading, the Jersey offer is limited in the number of coins to trade. It supports the trading of Bitcoin and Ethereum. The main purpose of the expanded operations in Jersey is to make the purchase of cryptocurrencies easily using fiat currencies, specifically euro and the British pounds.
Advantages of Binance Jersey
Why should you choose for Binance Jersey?
- A fast and reliable exchange that can process around one and a half million orders per second
- An advanced storage technology that offers a great security
- Fast KYC processing services
- Easy to use platform
- More than 95% of requests are processed on the same day
- A company of the popular Binance Exchange
Create a free Binance Jersey account and pay zero fees for EUR and GBP
How to create a Binance Jersey account?
To create Binance Jersey trading account perform the following steps:
- Go to the website
- Enter you email and password
- Referral ID: 35022868
- Check the terms and conditions box
- Click the Register button
By following the few steps mentioned above you will be able to create your own trading account.
How to verify your account?
Once your account is created, you will need to verify your account. This is an important point to start trading and keep your currencies and investments safe. Make sure you take the verification step seriously.
To verify your account, you will need to open the email that has been sent to you after creating the account. We always recommend to activate the two-factor authentication (2FA) to protect your account.
You can start the verification process by providing your personal details like your name, date of birth, and nationality. Once you are done with the basic you need to add information about your residential address including your city or hometown, postal code, and country.
After completing the information phase, you will be requested to submit the documents that prove that your residence is correct like utility bills and bank statements for the verification of your account.
To keep the verification process fast and to avoid the hurdles make sure you check the following information:
- The address and name should match the documents and the information provided.
- Follow the document format instruction available on the platform.
- Make sure the document you provide must be recent, or at least not older than three months.
- All the text on the documents must be clear and readable.
Lastly, proceed to the confirmation of the source of your income and give the tentative monthly trading amount. Once you are done with all the information providing ritual and uploading documents on the platform you can click on the Submit button. Your application will be reviewed by the Binance Jersey team and the final result about your verification is communicated through the official email address of the exchange.
Fund transfer through a bank
To transfer funds to your trading account, you can click on the Funds tab at the top right corner. Here you will find your Bank account management. Click on Add a Bank Account. Once you click on it you will be required to give the following details:
- Your name registered in your bank
- IBAN or account number
- BIC code or swift code
- Bank Name
- Country
After providing the above-mentioned details click Save. Your bank account will be added to your trading account.
Create a free Binance Jersey account and pay zero fees for EUR and GBP
How does Binance Jersey work?
A secure and sophisticated website trading platform is used by Binance Jersey. The exchange uses the same trading charts and engines that are used on the website of its parent organization. They offer a basic and advanced user interface to perform the trading of your favorite cryptocurrencies. A wide range of charts and screens are available on the website to analyze the cryptocurrencies easily.
Customer support
Binance Jersey states that it offers the best support in the world, around the clock, live support to any user of the platform, who has any concerns related to the platform. Moreover, the exchange process all the requests despite the numbers of requests in 24 hours.
To trade on the Binance Jersey exchange you can do the following:
- Go to Binance.je and log in
- Click on the Exchange section located at the top left corner. There you will find two options Basic and Advanced. Based on your technical knowledge select one of them. We selected the Basic exchange.
- On the new page, you will find the option to buy and sell crypto.
- Search for your desired trading pair (search box on the right top). We selected BTC/EUR.
- At the bottom of the page you can place a limit or market order:
- With a limit order you specify your desired price and amount. Your order will be placed in the order book and you have to wait until it is filled.
- With a market order, you buy Bitcoin for the current EUR market price. Your order will be executed immediately.
- Click Buy BTC to finalize your order.
Based on your chosen order you’re now a Bitcoin owner.
Binance Jersey fees
If you check the fees of the jersey extension of Binance you will not find the premium price to trade crypto using fiat currencies transactions. In fact, it is in 2020 free to deposit and withdrawal EUR or GBP funds (please make sure that this promotion is still active). The fees to use a credit card is 3.5% per transaction or 10 USD.
The trading fees are capped at 0.1% per transaction.
Without the promotions the withdrawal fees are around € 20 or 20 pounds and the deposit fees are around the € 8 or 8 pounds. This might repel traders away from withdrawing small amounts of fiat. The cryptocurrency withdrawal fees are quite reasonable, around the $5 for Bitcoin.
There’s a cheaper Binance Jersey alternative called Bitvavo. This exchange is listed in the top 30 exchanges of CoinMarketCap and charges lower fees for payment methods. They als have more than 5 different methods to chose from.
Claim €25 Free Crypto and Trade €10.000 For Free at the Bitvavo Exchange
Is Binance Jersey safe?
The Binance Jersey operations follow the procedures and standards set by the parent organization. The standards are high enough to be considered reliable by the users. You can have peace of mind about the security of your fiat currencies as well as for cryptocurrencies. However, all the security processes and measures of the exchange and details about how the exchange store the cryptocurrencies are not public. Information about the storage of the funds and investments of the users is not disclosed to the public.
The exchange wants the users to declare their funds’ legitimacy. When a user deposits the funds, the exchange requests the user to declare that the amount being transferred is from a legal and legit source of income.
The Binance Jersey extension of Binance has the authority to freeze payments being transferred that might be proved suspicious. The website strongly condemns the transfer of money acquired in any illegal way. The user can find guidelines on the website to get the help to avoid losing their digital currency.
We are suggesting you some safety measure to take when you trade on Binance Jersey platform:
- Do not install the automatically recommended plugins to your browsers that claim to be released by the exchange.
- Two factor authentication is a must have.
- If you receive a call from an unknown person claiming that they are working on the behalf of the exchange do not share any personal or account-related details.
- The Binance Jersey support team will never ask you to transfer funds to their accounts. If you encounter such a scenario. It will be a scam.
- Never share your account credentials with anyone.
Create a free Binance Jersey account and pay zero fees for EUR and GBP
Did you trade crypto at Binance Jersey and would you like to share your review? You can do so by using the evaluation form below.
Contact Details:
Binance Jersey Exchange Limited
No.3 The Forum
Grenville Street
St Helier
Jersey JE2 4UF
Company Number:
126826
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