QueenElara

When people talk about Binance, they often focus on how big it has become.But for me, the real story is not just growth it’s how Binance has changed its mindset from 2017 to 2026.I want to share this from my own perspective, especially why I personally prefer Binance in the 2024–2026 era.
Binance in 2017: Known Only as a Trading Platform
When Binance was launched on 14 July 2017, it entered the crypto market as a pure trading platform. At that time, the crypto industry was still developing, and users mainly cared about one thing: where can I trade easily, quickly, and cheaply?
That is exactly where Binance stood out.
In those early days, people constantly compared Binance with other exchanges. Many traders quickly started preferring Binance not because it had many features, but because it did the basics extremely well.
The reason was simple.
Binance was:
Simple to useVery fastMuch cheaper than most competitors
Back then, Binance did not have a large ecosystem like it does today. There were no learning tools, no content platforms, and no community features. The focus was very clear and very narrow: strong core trading functionality.
Spot Trading Was the Core Identity
In the beginning, Binance’s strongest and most important feature was spot trading.
Users could:
Buy and sell crypto easilyTrade a limited but popular selection of pairsUse simple order types like market and limitExperience very fast order execution
There was no unnecessary complexity. Everything was designed to make trading smooth and efficient.
At that time, this simplicity was a big advantage. Many exchanges were either slow, complicated, or unreliable. Binance offered a clean experience where trades executed quickly and without friction.
This is how Binance built its early reputation.
Fast Trading + Low Fees = Rapid Growth
What truly separated Binance from other exchanges in 2017 was the combination of speed and low fees.
In that period:
Low trading fees were rareMany exchanges charged high feesActive traders paid a lot just to trade
Binance changed this by making low fees a standard, not a premium feature.
This decision had a massive impact.
Because of low fees:
Traders saved money on every tradeHigh-volume traders benefited the mostSwitching to Binance made financial sense
As a result, traders began moving to Binance very quickly. Word spread fast in the crypto community, and Binance gained popularity in a short time.This single choice offering low fees from the start played a huge role in Binance’s early success.
Why Traders Preferred Binance Over Others
So why did people prefer Binance in 2017?
From my point of view, it came down to three main reasons:
Speed – trades executed quicklySimplicity – no complicated systemsAffordability – low trading fees
Binance didn’t try to do everything.
It focused on doing one thing extremely well.
And that was enough.
A Trading-First Platform, Not a Learning Platform
It’s also important to be honest about what Binance was not in 2017.
At that time,
Binance Was not a learning platformBinanace Was not community-focusedBinanace Was not beginner-friendly
If you already knew crypto, Binance was perfect.If you didn’t, you had to figure things out on your own.The platform assumed users understood risk, market behavior, and trading psychology. Learning was not part of the experience yet.
Simple Summary of Early Binance
In simple words, Binance in 2017 was:
A fast exchangeA low-fee exchangeA trader-focused exchange
It was known only as:
“A strong trading platform”
Nothing more and nothing less.
That clear focus is what allowed Binance to grow so fast in its early years.
The Early Launch of BNB: A Small Token With a Big Vision
In the very early stages of Binance, one of the most important and strategic decisions was the launch of BNB (Binance Coin).
$BNB was launched in July 2017 through an Initial Coin Offering (ICO), just a short time before the Binance exchange officially started operating. At that moment, Binance was still new and largely unknown, but the idea behind BNB was already clear.
At launch, the price of BNB was only $0.10.
At that time, very few people could imagine how important this token would become in the future.
BNB Started as an ERC-20 Token on Ethereum
In the beginning, BNB was launched as an ERC-20 token on the Ethereum blockchain. This was a practical choice.Ethereum was already well established, secure, and widely used for token creation. Using Ethereum allowed Binance to launch BNB quickly and reliably, without building its own blockchain at that stage.Later, as Binance grew and its ecosystem expanded, BNB was migrated from Ethereum to BNB Chain, where it became the native token. But in the early days, BNB’s purpose was not about having its own chain it was about utility and growth.
Why BNB Was Introduced? (The Core Purpose)
BNB was not launched as a speculative token. It was introduced with a clear utility-focused vision.
The main goals of BNB were:
To reduce trading fees on the exchangeTo encourage users to stay active on the platformTo increase long-term engagement and loyalty
This was a smart move.
By using BNB, traders could get discounts on trading fees, which directly benefited active users. For frequent traders, this made a real difference and further strengthened Binance’s reputation as a low-cost exchange.
Early Utility of BNB
In the early stage, BNB had a simple but effective role.
BNB offered:
Trading fee discountsPlatform utilityLoyalty-based benefits
The more you used Binance, the more useful BNB became.This created a strong connection between the exchange and the token. Instead of being just another coin, BNB became part of the Binance experience.
Simple Use Case, Future-Focused Thinking
At the beginning, BNB use cases were limited but the thinking behind it was clearly long term.Binance was not trying to do everything at once.
It focused on:
Building trustEncouraging platform usageCreating an internal economyBNB was the foundation of that strategy.
Even though its utility was simple in 2017, it was designed to grow alongside the platform. As Binance expanded, BNB expanded with it.
Why the Early BNB Launch Mattered ?
Looking back, the early launch of BNB was a very important decision.
It helped Binance:
Differentiate itself from other exchangesReward loyal usersReduce trading costsBuild a strong ecosystem foundation
At a time when most exchanges were focused only on trading, Binance was already thinking about ecosystem design.
Simple Summary of Early BNB
In simple words:
BNB was launched via ICO in July 2017The launch price was around $0.10It started as an ERC-20 token on EthereumLater moved to BNB ChainIts main role was fee discounts and platform utilityThe vision behind it was long term, not short term
BNB may have started small, but from the beginning, it was built with a future-focused mindset.And that mindset played a huge role in shaping what Binance eventually became.
Limited User Interface (No Learning Focus in Early Binance)
In the early days, when Binance had just launched, the platform was purely a trading exchange. At that time, concepts like Binance Feed or Binance Square did not exist at all.
The interface was designed with one type of user in mind:
someone who already knows how to trade.
There was no focus on learning, no space for discussion, and no support system for beginners. Binance assumed that users already understood crypto, markets, and trading risks.
At that stage:
There was no Binance Square There was no CreatorPad There was no proper Binance AcademyThere were no community discussions or social features
The platform was completely trading-centric.Built for Traders, Not for LearnersThe early Binance interface was functional, fast, and efficient but only for traders.
You could:
Open chartsPlace tradesManage ordersWithdraw or deposit fundsBut that was it.
There were no explanations, no guides, and no educational pathways. If you were new to crypto, the platform could feel confusing and intimidating. You were surrounded by numbers, charts, and order books but there was no guidance on how to understand them.
Learning was not part of the experience.
No Content, No Creators, No Community
Another important point is that early Binance had no content ecosystem.
There were:
No articlesNo market explainersNo creator postsNo place to share opinions or analysisUsers could not interact with each other.There was no discussion, no feedback, and no shared learning.
Every trader was on their own.
If you made a mistake, you learned the hard way often by losing money.
No Academy in Proper Form
Although Binance later became known for. education, in the beginning there was no proper Academy system.
New users were not taught:
What crypto actually isHow exchanges workHow to manage riskHow to trade responsiblyThe idea of “learning before earning” simply didn’t exist yet.
A Very Clear but Limited Vision
It’s important to understand that this was not a failure it was a choice.Early Binance had a very clear vision:Be the fastest, cheapest, and most reliable trading platform.
And it succeeded at that.
But the cost of this approach was that:
Beginners struggledLearning was ignoredCommunity growth was missingBinance was powerful but narrow.
Simple Summary of Early Interface
In simple words, early Binance:
Focused only on tradingHad no learning environmentHad no social or community featuresWas not beginner-friendlyWas designed mainly for experienced tradersIt worked well for professionals, but it left a large gap for new users.
Why This Part Matters Today?
This limited interface is exactly what makes today’s Binance evolution so important.Because once Binance realized this gap, it changed direction and that change is what transformed it from just an exchange into a complete ecosystem.But in the beginning, Binance was simple, sharp, and trading-only nothing more, nothing less.
Basic but Serious Security in Early Binance
Even in its early days, Binance understood one important thing very clearly:
security cannot be ignored.
Although the platform was simple and trading-focused, Binance still took basic security seriously. It did not offer very advanced systems at that time, but the intention was clear user safety mattered.
In the beginning, Binance provided:
Two-factor authentication (2FA)Withdrawal protectionBasic account safety toolsCompared to today’s standards, these features may look simple. But in 2017, many exchanges were careless about security. Binance making security a priority from day one helped build early trust with users.
Binance was saying, even back then:
“We may be new, but we will protect our users.”
What Binance Did NOT Have in the Beginning (Very Important)
To understand how much Binance has evolved, it’s important to be honest about what did not exist in 2017.
At launch, Binance did NOT have:
Binance SquareBinance Academy (in proper form)Futures or advanced trading productsCreatorPadEarn featuresChat roomsLive discussionsJunior accountsSharia-based earning
All of these features came years later.
This clearly shows that early Binance was not built as a learning platform, not a community space, and not a creator economy.
It was a pure exchange.
Simple Summary of Binance in 2017
In very simple words, Binance in 2017:
Was not focused on educationWas not community-drivenWas not creator-friendly
It was known as:
A fast, low-fee trading exchangeAnd at that time, that was enough to succeed.
The Mindset Shift: How Binance Changed With Time
As Binance grew, it started to see something very important.
Trading alone was not enough.
Over time, Binance realized:
Users don’t just want tools they want understanding
Education reduces mistakesCommunity builds confidenceCreators help spread real knowledgeThis realization slowly changed Binance’s direction.
Instead of staying just a trading platform, Binance began building:
Learning systemsCommunity spacesCreator opportunitiesSafer ways to grow
This mindset shift is what transformed Binance from a simple exchange into a complete crypto ecosystem.
Why This Change Matters?
Early Binance was strong but limited.Today’s Binance is powerful & meaningful.The difference is not just features.The difference is thinking.
And that change in thinking is what made Binance what it is today.
From a Simple Trading Platform to a Knowledge-Driven Ecosystem
When Binance launched in 2017, it was only a trading platform. There was no concept of content, learning feeds, or creator earning. The platform existed for one purpose: trading crypto.
But this changed over time.
In 2022, Binance took a very important step by launching a new feature called Binance Feed.This was the first time Binance moved beyond pure trading and stepped into the world of content, learning, and community.
Binance Feed (2022): The First Step Toward Community
Binance Feed was launched as a content-sharing platform, similar to a social media feed.
It allowed:
Crypto enthusiasts to share ideasWriters to explain market conceptsTraders to post market analysis and opinions
The main purpose of Binance Feed was simple but powerful: To connect people with crypto knowledge, Web3 ideas, and market updates.This was not about hype.It was about sharing understanding.
Write-to-Earn: Turning Knowledge Into Real Value
One of the most meaningful changes Binance introduced with Binance Feed was Write-to-Earn.
Before this, most platforms only rewarded people who traded actively or brought liquidity. Knowledge, explanation, and analysis had no direct value. If someone spent time writing educational content, it was usually done for free, without recognition or reward.
Write-to-Earn changed that completely.
For the first time, content creators were given a clear message: your knowledge has value.A New Opportunity for Content Creators
Through Write-to-Earn, creators could:
Write educational articlesShare real market analysisExplain complex crypto topics in simple languageHelp beginners understand the spaceAnd instead of just getting likes or views, they could earn rewards for the effort they put in.
This was a big shift in mindset.
Binance was no longer rewarding only traders who placed orders. It started rewarding people who thought deeply, explained clearly, and educated others.
Why This Was Important for the Community ?
This feature encouraged creators to focus on:
Clarity instead of hypeExplanation instead of noiseValue instead of volume
Instead of rushing to post short reactions, writers took time to structure their thoughts. Articles became more thoughtful. Discussions became more meaningful.
For readers, this created a better learning environment.For writers, it created motivation to improve quality.
From Trading-Centric to Knowledge-Centric
Write-to-Earn quietly changed the role of the user.
A user was no longer just:
A trader
A viewer
A follower
They could become:
A writer
A teacher
A guide
This helped Binance move from a trading-only platform to a knowledge-driven ecosystem.
The Foundation for Creator Growth
Write-to-Earn also laid the foundation for everything that came later:
Creator recognition
Structured campaigns
Quality-based rewards
It showed that Binance believed in one idea:
People who help others understand crypto deserve to be rewarded.
Simple Summary
In simple words, Write-to-Earn:
Turned knowledge into value
Gave creators a real role
Improved content quality
Helped beginners learn better
Changed how earning worked on the platform
It wasn’t just a feature.
It was a shift in direction.
And that shift is one of the reasons today’s Binance feels more meaningful than it did in the early days.
Rebranding: From Binance Feed to Binance Square (October 2023)
Later, Binance Feed was rebranded as Binance Square in October 2023.This rebranding was not just a name change it was a vision change.
Binance Square became a place where users could:
Trade
Learn
Share knowledge
Earn through content
For the first time, trading and learning existed side by side.
Live Trading on Binance Square (May 26, 2025)
On May 26, 2025, Binance launched a major feature globally:
Live Trading on Binance Square.
This feature allowed users to:
Watch real-time Spot and Futures trades via livestream,Learn by observing professionals,Execute Spot or Futures trades directly inside livestreams
This turned Binance Square into a real social trading platform.Learning was no longer theoretical it became practical and live.
Early Campaign System (Golden Tick Era)
When Binance Square first launched, earning opportunities were mostly limited to golden tick users.
At that time:
Assistants personally messaged selected usersCampaigns were offered privatelyCreators submitted articlesRewards were sent directly to wallets on fixed dates
This system worked but only for a few users.
CreatorPad: From Opportunity to Improvement
On 17 July 2025, Binance launched a new feature called CreatorPad on Binance Square.This was a very important moment, because for the first time, all types of content creators big or small were allowed to participate in campaigns and earn rewards.Before this, earning opportunities were limited.
But CreatorPad opened the door for:
New creators,Small writers,Growing analysts,Educators
Everyone could now participate and generate earning through content.
The idea behind CreatorPad was clear:
Reward crypto content creators through campaigns and quality-based incentives.
Early CreatorPad Campaigns & User Excitement
When CreatorPad launched, many campaigns came live such as Holo, Hemi, Plasma, WCT, Solv, and others.
Users participated actively:
They wrote articles,Shared opinions,Posted analysis,Earned rewards
At the start, excitement was very high. Creators felt motivated, and many people joined content creation for the first time.
The Problem: Quantity Over Quality
After a few months, a problem started appearing.
Some users began to focus only on:
Posting moreIncreasing the number of articlesChasing rewardsQuality slowly started to drop.Spam content increased.Low-effort posts became common.
Many creators ignored improvement and focused only on numbers.
This situation was harmful, especially for small creators, because:
Real learning stoppedContent quality sufferedThe platform risked becoming noisy
Binance Takes Action (A Very Important Moment)
Binance noticed this issue quickly.
The goal of Binance was never spam.
The goal was always:
To help users become better content creators, not just more active ones.
Binance understood that if this continued:
Small creators would not learnContent quality would fallThe learning environment would be damaged
So Binance decided to change CreatorPad.
January 2026: CreatorPad Gets Smarter
In January 2026, Binance introduced a new CreatorPad system based on a project leaderboard and point system.
This was a big upgrade.
Before:
Only top 100 rankings were visibleRewards were limitedQuantity mattered moreAfter the change:Every creator started earning pointsContent quality became the main factorRankings were visible for everyoneRewards were distributed fairly
Now, creators earned based on:
How useful their content wasHow well it was writtenHow much value it addedBigger & Better RewardsAnother major improvement was rewards.
Compared to early 2025:
Rewards became 5× higherDistribution became fairerSmall creators finally benefitedThis system helped creators learn:How to improve structureHow to write better explanationsHow to focus on value instead of spam
Binance Academy: The Foundation of Learning
One of the best features of Binance, and something I personally love, is Binance Academy.
Binance Academy helps users:
Understand what crypto really isLearn how Binance worksKnow how to earn responsiblyGrow from zero to confident users
For me personally, Binance Academy played a huge role.It taught me many things and helped me understand crypto deeply.
That’s why I respect this feature so much.
Live Discussions & Chat Rooms: Learning Together
In early Binance, there were:
No live discussionsNo chat roomsNo direct guidanceToday, Binance offers live discussion chat rooms.
Here:
Pro traders guide beginnersContent creators help small usersLearning happens openly
This feature is very special to me, because:
When Binance teaches us so much, it becomes our responsibility to teach others too.
Why I Call BNB the “Heart of Binance”
For me, BNB is truly the heart of Binance.
BNB is not just a token it connects everything inside the platform.
It links:
Trading activityFee discountsEarn features
Long-term ecosystem growth
Whether you are trading, earning passively, or exploring new features, $BNB is always there in the background, quietly powering the experience.Without BNB, Binance would still function but it would not feel complete.BNB gives the ecosystem structure, continuity, and identity. That is why I personally see it as the heart that keeps everything connected and alive.
Simple Earn & Sharia Earn: Learning to Earn Without Pressure
Another reason I respect Binance is how it approaches earning.
Binance does not push users toward risky trading. Instead, it offers options that allow people to earn while learning, not gambling.
With Simple Earn, users can:
Earn passivelyChoose low-risk optionsUnderstand how returns workGrow slowly without stressWith Sharia Earn, users can:Earn ethicallyAvoid interest-based modelsStay aligned with their valuesParticipate without compromising beliefsThese features show responsibility.They give users choices — not pressure.
Why Projects Moved From Twitter to Binance (Around 2025)
Around 2025, something very interesting happened.Many projects slowly stopped focusing on Twitter and started moving toward Binance.
The reason was simple.
On Twitter:
Information is very shortKnowledge gets lost quicklyNoise is extremely highHype spreads faster than understanding
On Binance:
Projects can explain deeplyLong-form content is welcomedUsers actually want to learnContent stays visible for longer
Binance gave projects a space where real explanations mattered more than viral posts.And because the audience was already serious about crypto, the message landed better.This shift showed that Binance was no longer just an exchange it was becoming a knowledge hub.
Why Today’s Binance Is More Powerful Than Before?
Earlier, Binance mainly supported:
Traders
Today, Binance supports:
Traders
Learners
Content creators
This balance makes a huge difference.The platform no longer serves only one type of user.It supports different journeys beginner, learner, creator, and professional all in one place.That is why today Binance feels far more powerful than the early version.
What Binance Personally Taught Me (Beyond Rewards)
One thing I truly respect about Binance is this:
It taught me even when there was no reward.
Yes, Binance rewarded me and that mattered.But even when I didn’t receive rewards, I still learned something important.
When rewards didn’t come, Binance showed me:
Where my content was weak
What mistakes I was making
How I could improve
Why consistency matters more than results
In crypto, consistency is everything.
Binance taught me that growth doesn’t come instantly it comes through reflection, patience, and improvement.
A Life-Changing Platform for Me
For me, Binance is not just a platform.
It is a life-changing journey.
I started from zero:
Zero knowledgeZero experienceZero confidence
Through learning, creating, failing, improving, and staying consistent, Binance helped me grow into:
A better traderA confident content creatorA more disciplined learner
It didn’t just teach me how to earn.It taught me how to think.
Final Personal Words
Old Binance was fast and cheap.New Binance is smart, educational, and fair.
Today, Binance is:
A trading platform,A learning platform,A creator platform,A community And that is why I genuinely like Binance.
Not just for earning but for learning, growing, and helping others grow too. 💛🖤
#Binance #squarecreator