Binance
Binance, launched in 2017, is the world's largest crypto exchange by trading volume, offering spot, futures and a wide range of earn products.
Key facts
- Trading platforms
- WebDesktopMobileAPI
- Account types
- SpotMarginFuturesOptionsEarn
- Instruments
- Spot CryptoMarginPerpetual FuturesOptionsStaking
- Deposit & withdrawal
- CryptoBank CardBank TransferP2P
- Features
- Accepts IraniansPersian supportIslamic accountCopy tradingDemo account
Score breakdown
Each criterion is rated 0–5 by our editorial team.
- Trust & Regulation4.1
- Fees & Costs4.6
- Platform & UX4.7
- Deposit & Withdrawal4.6
- Support3.9
- Features & Range4.9
Full review
Binance was launched in 2017 by Changpeng Zhao (CZ) and within a year became the largest crypto exchange by volume. It has no single official headquarters and operates through local entities.
Binance holds registrations or licences in several jurisdictions, including VARA in Dubai, PSAN registration with France's AMF, registrations with Italy's OAM and the Bank of Spain, and a licence from the Central Bank of Bahrain. In November 2023 Binance pleaded guilty in the US to anti-money-laundering and sanctions violations, paying about $4.3 billion, and CZ stepped down as CEO.
Base spot fees are 0.1% maker/taker, discounted when paying in BNB. Perpetual futures up to 125x, margin, options, copy trading, bots, staking and a P2P marketplace are available. Binance lists hundreds of assets and publishes Proof of Reserves.
Funding is via crypto, cards, bank transfer and P2P. Due to sanctions compliance Binance does not accept residents of Iran, and KYC is mandatory.
Last updated: Oct 6, 2026
Pros & cons
- Deepest liquidity and highest volume
- Very wide product range
- Low base fees with BNB discount
- Publishes Proof of Reserves
- Large P2P marketplace
- History of regulatory actions and a large US settlement
- No single official headquarters
- Does not accept Iranian users
- Product complexity for beginners
Licences & regulation
Tier 1 means the strictest oversight.
| Regulator | Authority | Tier | Licence no. |
|---|---|---|---|
🇦🇪VARA Virtual Assets Regulatory Authority | Virtual Assets Regulatory Authority | Tier 2 | — |
AMF (France) AMF (France) | AMF (France) | Tier 3 | E2022-037 |
OAM (Italy) OAM (Italy) | OAM (Italy) | Tier 3 | — |
Bank of Spain Bank of Spain | Bank of Spain | Tier 3 | — |
CBB (Bahrain) CBB (Bahrain) | CBB (Bahrain) | Tier 3 | — |
User reviews
- 5 stars0
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- 3 stars0
- 2 stars0
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