Binance review
The deepest order books in crypto, and the longest list of places it cannot serve. Binance is the largest exchange in the world by spot and derivatives volume, and its perpetual futures market is the reference venue for most of the data on this site.
CEX.IO is not accepting new retail clients in your region, so we are not linking to it here. See which exchanges do serve you, or .
What it does well
- Deepest liquidity and tightest spreads of any venue
- Base spot fee of 0.10%, falling to 0.075% when paid in BNB
- The widest derivatives product range in the market
- Public API is excellent — most of the data on this site comes from it
Where it falls short
- Exited or excluded from a long list of major markets
- Derivatives unavailable across the EU, UK, Canada, Australia and the US
- Regulatory position has changed repeatedly and can change again
- US users must use Binance.US, a separate company with thinner books
What Binance is for
Binance is the largest exchange in the world by spot and derivatives volume, and its perpetual futures market is the reference venue for most of the data on this site. It is also the exchange with the most complicated regulatory map: it has exited or been excluded from a long list of jurisdictions, and its derivatives products are unavailable in far more places than its spot market.
Founded in 2017, based in No single declared headquarters, it lists 350+ assets and supports EUR, GBP (limited), plus local rails by region for fiat funding. USDⓈ-M and COIN-M perpetuals, taker 0.05% / maker 0.02% at base tier
Fees in practice
The headline rate is 0.1% maker / 0.1% taker at the base tier. 25% discount when fees are paid in BNB (0.075%).
The number that actually costs people money is rarely the headline one. Card purchases carry a materially higher fee than spot trading — that is the single most common way retail traders overpay, and it applies on almost every exchange that runs a "simple" and an "advanced" interface on the same account. If you take one thing from this page: find the trading interface, not the buy button.
Who can use it
Most of the world outside the restricted list, with derivatives unavailable in far more places than spot. Restrictions we are aware of as of 2026-09-15: United States (see Binance.US), Canada, Netherlands, United Kingdom (restricted products), China (mainland), Iran, North Korea, Syria, Cuba, Crimea.
Two things to understand about these lists. First, they change — sometimes with very little notice, as several exchanges' exits from Canada and the Netherlands demonstrated. Second, account access and product access are different things: plenty of jurisdictions allow spot trading while blocking derivatives entirely.
Frequently asked questions
Is Binance safe to use?
Binance is the largest exchange in the world by spot and derivatives volume, and its perpetual futures market is the reference venue for most of the data on this site. It is also the exchange with the most complicated regulatory map: it has exited or been excluded from a long list of jurisdictions, and its derivatives products are unavailable in far more places than its spot market.
No exchange is risk-free. The questions worth asking are whether it holds licences you can verify, how long it has operated, and whether it has ever lost customer funds. The answers are above, with links to the primary sources so you can check them rather than take our word for it.
What are Binance's trading fees?
Spot trading starts at 0.1% maker and 0.1% taker at the base tier. 25% discount when fees are paid in BNB (0.075%). Card purchases carry a materially higher fee than spot trading
Work out what a specific trade costs with our exchange fee calculator. Fee schedules change — this was checked on 2026-09-15.
Which countries can use Binance?
Most of the world outside the restricted list, with derivatives unavailable in far more places than spot. Known restrictions include United States (see Binance.US), Canada, Netherlands, United Kingdom (restricted products), China (mainland), Iran and others.
Country lists move constantly, and product-level restrictions are usually stricter than account-level ones — an exchange may let you open an account but not trade derivatives. Always check the exchange's own restricted-jurisdictions page before depositing.
Does Binance require KYC?
Full KYC required. Unverified accounts cannot deposit, trade or withdraw.
Does Binance offer futures or margin trading?
USDⓈ-M and COIN-M perpetuals, taker 0.05% / maker 0.02% at base tier
If you trade leveraged products, the liquidation heatmap and funding rates dashboards show where the rest of the market is positioned and what it is paying to stay there.