● TOP EXCHANGE · 2026 CEX PROOF OF RESERVES PROOF OF RESERVES DESK RESEARCH
Binance review
World's largest crypto exchange by volume
The verdict
7.9 / 10 · CONSIDER
The most liquid exchange on earth with 350+ coins and lowest fees — but regulatory headwinds and a 2.2 Trustpilot score make it a choice for experienced traders, not beginners.
◆ BUY IT IF
- Deepest liquidity of any exchange
- Lowest fees in the industry (0.075% with BNB)
- Largest coin selection (350+)
- Comprehensive product suite (spot, futures, earn, card)
◇ SKIP IT IF
- Regulatory issues in US, UK, Canada (restricted/banned)
- 2.2/5 Trustpilot score — user complaints about account freezes
- Overwhelming UI for beginners
- CZ founder pled guilty to US money laundering charges (2023)
§ 01 SCORE BREAKDOWN
Seven axes, weighted.
DIMENSION WEIGHT RATING SCORE
Regulatory safety
No MiCA CASP authorisation in any EU/EEA member state. Binance withdrew its final EU licence application (Gree
Trading fees
Maker 0.1% · Taker 0.1%
Coin selection
350 coins supported
Liquidity
CEX — order-book depth
User experience
Security
Publishes Proof of Reserves
Support
§ 02 SPECIFICATIONS
Everything, in one table.
Regulation
- Regulatory status
- No MiCA CASP authorisation in any EU/EEA member state. Binance withdrew its final EU licence application (Greece) on 24 June 2026 and is suspending services for EU/EEA customers from 1 July 2026 (existing balances remain withdrawable); it has said it intends to re-apply in another member state. Binance.US operates separately for US users. Binance Holdings pled guilty to US DOJ charges in 2023, paid $4.3B fine. Restricted in Canada.
- KYC required
- Yes
- Proof of Reserves
- Yes
- Founded
- 2017
- Type
- CEX
Fees
- Maker fee
- 0.1%
- Taker fee
- 0.1%
- Withdrawal fee
- Variable by asset (e.g. 0.0005 BTC for BTC withdrawal)
Trading
- Spot trading
- Yes
- Futures trading
- Yes
- Margin trading
- Yes
- Copy trading
- No
- Supported coins
- 350
Other features
- Earn / staking
- Yes
- Debit card
- Yes
- Fiat on-ramp
- Yes
§ 03 FAQ
Frequently Asked Questions
Is Binance safe to use? +
Binance No MiCA CASP authorisation in any EU/EEA member state. Binance withdrew its final EU licence application (Greece) on 24 June 2026 and is suspending services for EU/EEA customers from 1 July 2026 (existing balances remain withdrawable); it has said it intends to re-apply in another member state. Binance.US operates separately for US users. Binance Holdings pled guilty to US DOJ charges in 2023, paid $4.3B fine. Restricted in Canada.. The platform publishes proof of reserves.
What are Binance's trading fees? +
Binance charges 0.1% maker fee and 0.1% taker fee. 25% fee discount when paying with BNB. Futures fees: 0.02% maker / 0.05% taker.
How many coins does Binance support? +
Binance supports 350 coins and tokens. Spot trading is available. Futures trading is also supported.
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