Binance
| Trust score | 10/10 (rank 4) |
|---|---|
| 24h volume | 94,350 BTC |
| Fees (maker / taker) | 0.10% / 0.10% |
| KYC | Required |
| Proof of reserves | Published |
| Insurance | SAFU fund (~$1B) |
| Licenses | France (PSAN), Dubai (VARA), Bahrain (CBB), Kazakhstan (AFSA) |
| Derivatives | Yes |
| Website | www.binance.com |
Binance is the largest crypto exchange by trading volume. It offers spot, futures, options, earn products and a massive selection of altcoins, with the deepest order books in the industry.
Pros
- Highest liquidity on most pairs
- Very low base fees, further discount with BNB
- Broad product suite (spot, futures, earn, launchpool)
- Monthly proof-of-reserves reports
Cons
- Restricted in the US (Binance.US is separate) and some other countries
- Complex interface for beginners
- Ongoing regulatory scrutiny in several jurisdictions
Securing your Binance account
- Enable passkeys or hardware 2FA, not SMS
- Set an anti-phishing code for all emails
- Turn on withdrawal address whitelist with a 24h delay
Full walkthrough: exchange account security and the checklist.
Questions
Is Binance safe?
Binance publishes proof of reserves, maintains SAFU fund (~$1B) and is licensed or registered in France (PSAN), Dubai (VARA), Bahrain (CBB), Kazakhstan (AFSA). Restricted in the US (Binance.US is separate) and some other countries. Keep only what you actively trade on any exchange.
What are Binance fees?
Base spot fees are 0.10% maker and 0.10% taker, lower with volume tiers.
Does Binance require KYC?
Yes, identity verification is required before trading or withdrawing.
Where is Binance based?
Founded in 2017. Headquarters: Global (regional entities in France, Dubai, Bahrain and more).