● TOP EXCHANGE · 2026 CEX PROOF OF RESERVES PROOF OF RESERVES
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
Varies by jurisdiction. Binance.US operates separately for US users. Binance Holdings pled guilty to US DOJ ch
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
- Varies by jurisdiction. 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 Varies by jurisdiction. 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.
◆ COMPARE BINANCE VS
◆ OPEN ACCOUNT
Ready to put a week's worth of research to work?
We earn commission if you open an account through this link. It does not change what we paid (nothing) or what we score (everything).