Ranked in 6 of 16 countries · Exchange
Binance Review (October 2026): Fees, Licences and Where It Works
By Vahe Hakobyan Verified No affiliate links
- Taker fee0.10%
- Maker fee0.10%
- Coins504
- CustodyCustodial
- Founded2017
- Headquarters— Not verified
Our verdict
Binance is a custodial exchange launched in 2017 with no single official headquarters. Its public API lists about 500 actively traded coins in around 1,370 spot pairs. Base spot fees are 0.1% for makers and takers. It runs futures, margin, Earn, P2P and copy trading, and settled US criminal and CFTC charges in 2023.
Pros
- Deepest product range: spot, futures, margin, options, Earn, P2P
- About 500 coins actively traded on the spot order book
- Merkle tree and zk-SNARK proof of reserves with self-check
Cons
- 2023 US guilty plea with over $4B in penalties
- No single disclosed headquarters or lead regulator
Where Binance works
| Country | Status | Rank | Local licence |
|---|---|---|---|
| Australia | Available | #1 of 25 | InvestByBit Pty Ltd (ABN 98 621 652 579), trading as Binance Australia, registration 100576141-001, registered with AUSTRAC as a virtual asset service provider; AFSL application pending |
| India | Available | #1 of 16 | FIU-IND registered VDA service provider (offshore reporting entity under PMLA) |
| Serbia | Available | #2 of 24 | — Not verified |
| Turkey | Available | #1 of 14 | On SPK provisional list of crypto asset service providers (Binance Turkey Kripto Varlık Alım Satım Platformu AŞ); final SPK operating licence not yet shown |
| Ukraine | Available | #3 of 22 | — Not verified |
| United Arab Emirates | Available | #1 of 18 | VARA VASP licence (Binance FZE: exchange, broker-dealer, lending & borrowing, management & investment); ADGM FSRA: Nest Exchange Ltd (Recognised Investment Exchange), Nest Clearing and Custody Ltd (Recognised Clearing House), Nest Trading Ltd (broker-dealer) |
| Canada | Not available | — | — Not verified |
| European Union | Not available | — | — Not verified |
| France | Not available | — | — Not verified |
| Germany | Not available | — | — Not verified |
| Italy | Not available | — | — Not verified |
| Netherlands | Not available | — | — Not verified |
| Poland | Not available | — | — Not verified |
| Spain | Not available | — | — Not verified |
| USA | Not available | — | — Not verified |
| United Kingdom | Not available | — | — Not verified |
How secure is Binance?
- Proof of reserves
- Yes - Merkle tree plus zk-SNARK proof with user self-verification; snapshot date not shown on the public page
- Custody
- Custodial
Incidents since 2019
- 2023settlementOn Nov 21, 2023 Binance pleaded guilty to Bank Secrecy Act, unlicensed money transmitting and sanctions violations, agreeing to over $4B in total ($2.51B forfeiture, $1.81B fine) and a three-year monitor.
- 2023enforcementOn Nov 21, 2023 the CFTC obtained orders for Binance entities to pay $2.7B ($1.35B disgorgement, $1.35B penalty) plus a $150M penalty against Changpeng Zhao.
Crypto held on a platform is generally not covered by deposit insurance.
What you can do on Binance
- Spot
- Futures
- Margin
- Staking
- Earn
- Copy trading
- Card
- P2p
Products can differ by country; check what the platform offers where you live.
Binance FAQ
Where is Binance available?
Among the countries we cover it accepts residents of Australia, India, Serbia, Turkey, Ukraine, United Arab Emirates. It is not available in Canada, European Union, France, Germany, Italy, Netherlands, Poland, Spain, USA, United Kingdom.
What are Binance's trading fees?
At the base tier of its main order book Binance charges 0.10% maker and 0.10% taker. Volume tiers and promotions can lower this.
Is Binance regulated?
Australia: InvestByBit Pty Ltd (ABN 98 621 652 579), trading as Binance Australia, registration 100576141-001, registered with AUSTRAC as a virtual asset service provider; AFSL application pending. India: FIU-IND registered VDA service provider (offshore reporting entity under PMLA). Turkey: On S…
Does Binance publish proof of reserves?
Yes - Merkle tree plus zk-SNARK proof with user self-verification; snapshot date not shown on the public page
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.