Binance Review

Not yet editorially reviewed — factual data below is sourced; scores pending.

Scorecard

Scores are entered by our editors after a hands-on review — never auto-generated. This exchange hasn't been scored yet.

Fees
Security
Usability
Asset Range
Support

Key Facts

Founded2017[src]
Headquarters
Listed assets~600[src]
KYCRequired — All new and existing users must complete identity verification; unverified accounts are limited to withdraw-only permissions.[src]
Payment methodsDebit/credit card, Binance P2P (peer-to-peer with various payment methods)[src]

Fees

Spot maker (base tier)

0.1%

Spot taker (base tier)

0.1%

Regular User (base) spot tier; 25% discount (0.075%/0.075%) when paying fees with BNB. Volume-tiered VIP schedule above base.

Full fee schedule (retrieved 2026-08-10)

Availability

Available globally except a List of Prohibited Countries in its Terms of Use; Binance.com is closed to US residents (Binance.US is a separate affiliate) and new UK sign-ups have been closed since October 2023.[src]

Notably unavailable: United States (Binance.com), Iran, North Korea, Syria, Cuba, Crimea/Donetsk/Luhansk regions

Security Incident History

  1. 2019-05 — ~$40,700,000[src]

    Hackers withdrew 7,000 BTC (~$40.7M) from a Binance hot wallet in one transaction after obtaining user API keys and 2FA codes via phishing and other attacks.

    Resolution: Binance covered the loss in full from its SAFU emergency fund; no user funds were affected. Withdrawals suspended about a week during a security overhaul.

Licenses & Registrations

  • VASP licence (Binance FZE, ref. VL/24/04/001)Dubai, UAE (VARA)[src]
  • FSRA recognitions for Binance/Nest ADGM entities (exchange, clearing/custody, trading)Abu Dhabi Global Market, UAE (FSRA)[src]

API & Bot Trading

Public developer platform with documented REST endpoints for market data, trading and account access, plus real-time interfaces, at developers.binance.com.[src]