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Binance

George Town, Cayman Islands · VARA (Dubai), AUSTRAC (Australia), CySEC (Cyprus), FINTRAC (Canada), FCA (UK), BAC (Bahrain), AMF (France), CSSF (Luxembourg)

Created Jul 1, 2026 · Updated Jul 18, 2026

☆ 0.0 · 0 reviews

Spot Fee

0.1%

Platforms

4

Coins

600+

About Binance

Binance was founded in July 2017 by Changpeng Zhao and Yi He and operates as the largest cryptocurrency exchange globally by trading volume, with over 300 million registered users as of H1 2026[4][17]. It holds reserves of approximately $155.64 billion and processes over $1.09 trillion in volume annually as of early 2026[2][4][8]. The platform supports trading in more than 600 cryptocurrencies and hundreds of pairs, offering spot, perpetual futures, options, margin, staking, Launchpad, BNB ecosystem tools, Pay, Card, and P2P[1][4][11]. Spot trading fees start at 0.1%, while futures fees vary by tier and BNB usage, with regular users paying approximately 0.1% maker/taker and VIPs achieving maker rates of 0.008–0.011%[6][7]. Binance operates under multiple licenses including those in Australia, Bahrain, Bulgaria, Canada, Cyprus, France, Italy, Japan, UAE, and others, and as of January 2026, its services are managed by three regulated entities: Nest Exchange Services Limited (trading), Nest Clearing and Custody Limited (custody), and Nest Trading Limited (OTC/instant exchange)[10][11].

Pros

+Supports over 600 cryptocurrencies with deep liquidity across top pairs
+Base spot fee of 0.1% with significant discounts for VIP tiers and BNB users
+Comprehensive product suite including spot, futures, options, staking, Launchpad, and APIs
+Operates under multiple regulatory licenses across 15+ jurisdictions including UAE, France, and Canada
+Long operational security record at scale with $155B+ in verified reserves

Cons

-Requires full KYC verification for all meaningful account functions as of 2026
-Regulatory complexity due to multi-entity structure and ongoing compliance build-out post-DOJ settlement
-UI can be complex for beginners due to extensive feature set
-Futures and leverage trading carry elevated risk and require verification
-Limited fiat onboarding options compared to some region-specific exchanges

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