ECCrypto

Binance review

Crypto exchangesNot in our test programme

✓ You own the coin — withdrawable on-chain

We earn a commission on some links. It never changes the ranking — our method is published and the data is sourced.

EU residents: Binance suspended its services for users in the European Union on 1 July 2026 after withdrawing its MiCA licence application in Greece. New sign-ups and orders are closed there; withdrawals remain open. Binance says it will seek authorisation in France.

Binance fees

Binance — Fees
Spot taker fee0.1%Source · Verified 2026-09-30
Card purchase1.8%Source · Verified 2026-09-30

Regulation

Binance — Regulation
RegulationScopeSource
VARA (AE) · VL/24/04/001
Binance FZE
Virtual-asset licence — real authorisation, but no compensation schemeSource · Verified 2026-08-25

Incidents on record

  • 2023-11-21 — Pleaded guilty to US anti-money-laundering charges; USD 4.3bn settlement, founder stepped down as CEO. Source
  • 2026-07-01 — Suspended services for users in the European Union after withdrawing its MiCA licence application in Greece on 24 June 2026; withdrawals stayed open. Source

Availability

Frequently asked questions

Is Binance safe?

Binance has 2 documented incident(s). The most significant: Pleaded guilty to US anti-money-laundering charges; USD 4.3bn settlement, founder stepped down as CEO.

Is Binance regulated?

Binance holds a virtual-asset licence from VARA (AE). That is a genuine authorisation naming permitted activities — stronger than an AML registration, but it carries no investor compensation scheme.

What does Binance charge?

0.1% on the headline figure. Deposit, withdrawal and spread costs sit on top — check the linked schedule.

Can I withdraw crypto from Binance?

Yes — it is an exchange, so the asset is yours and can move to a wallet you control.

Compare

Binance0.1%Open account