Home - Exchange - BINANCE

WikiBit Score

0.00 10
Regulatory 9.34
Business 8.29
Risk Manag 8.29
Influence index 9.70
Trading Environment Index 9.68

Licenses

NMLS

NMLSRegulated

MTL License

MAS

MASExceeded

Company Registration

FinCEN

FinCENExceeded

MSB License

Global blockchain
Regulatory Consulting APP

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App Store Download

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Android Download

BINANCE

99+

BINANCE

5-10 years|
MTL License|
Company Registration|
MSB License|
Suspicious Overrun|
High potential risk
All Subsidiaries BINANCE.KR
WikiBit Risk Alerts4
Previous Detection 2023-09-25

The number of the negative comments received by WikiBit have reached 58 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!

The number of this Exchange's nagitive field survey reviews has reached 2, please be aware of the risk and the potential scam!

Company Registration goes beyond their business with the licenses Singapore MAS (license number: 201811768M), please be aware of the risk!

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000159813807), please be aware of the risk!

Website
Genealogy
Social Media
Trade Type
Keywords
Time Machine
White Paper
Related Software
Github
Related Docs
All Corps
New Arrival

Exchange assets

Update on 03:10:58

Total Asset:

$103,335,479,313.22 USD

BTC

21.86%

BNB

21.37%

USDT

17.67%

CTB/WBNB

10.92%

Others

28.18%

Token

Quantity

Price

Value

CTB/WBNB on BNB Chain

CTB/WBNB

0xbd61...b80774

1.6290396210959898e+25

$0 USD

$11.2849b USD

BNB on BNB Chain

BNB

bnb1ed...g9ctxd

29,888,000.00

$328.0799 USD

$9.8057b USD

USDT on TRX Chain

USDT

TWd4Wr...ns5jwb

7,198,719,869.06

$0.9999 USD

$7.1979b USD

BTC on BTC Chain

BTC

34xp4v...4Twseo

248,597.39

$26,339.164 USD

$6.5478b USD

USDT on TRX Chain

USDT

TMuA6Y...JireY9

3,999,333,220.56

$0.9999 USD

$3.9989b USD

BTC on BTC Chain

BTC

3JJmF6...NtY3EQ

127,351.06

$28,917.7255 USD

$3.6827b USD

BNB on BNB Chain

BNB

bnb142...vz2cvg

17,185,720.59

$209.8948 USD

$3.6072b USD

ETH on ETH Chain

ETH

0xbe0e...4d33e8

1,996,008.35

$1,591.5286 USD

$3.1767b USD

USDT on ETH Chain

USDT

0xf977...41acec

3,165,153,978.02

$0.9999 USD

$3.1648b USD

BTC on BTC Chain

BTC

38Xnrq...1qvQfE

117,351.06

$26,587.227 USD

$3.12b USD

Vol Stat

Influence

Prev Vol

7 Days

By company

BTC Bitcoin

$ 1.9936b

$ 1.9936b

16.83%

ETH Ethereum

$ 919.986m

$ 919.986m

7.77%

KNCL Kyber Network Crystal Legacy

$ 578.527m

$ 578.527m

4.88%

WLD Worldcoin

$ 441.935m

$ 441.935m

3.73%

HIFI Hifi Finance

$ 412.99m

$ 412.99m

3.48%

LINK Chainlink

$ 404.781m

$ 404.781m

3.41%

TRB Tellor

$ 356.71m

$ 356.71m

3.01%

CRV Curve DAO Token

$ 304.015m

$ 304.015m

2.56%

SOL Solana

$ 230.003m

$ 230.003m

1.94%

SHIB Shiba Inu

$ 222.962m

$ 222.962m

1.88%

APT Aptos

$ 212.031m

$ 212.031m

1.79%

XRP XRP

$ 211.775m

$ 211.775m

1.78%

BLZ Bluzelle

$ 208.107m

$ 208.107m

1.75%

STMX StormX

$ 199.793m

$ 199.793m

1.68%

FLM Flamingo

$ 176.086m

$ 176.086m

1.48%

Market Research

Delivery Index

Mkt. Analysis

Material

Ad Brand

Sources

Social Source

Referral PCT

Referrals

Language

BINANCE

Industry Median

Industry Average

Data Sources WikiResearch WiKi Research 2023.09.26 Update

User Reviews

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1000+ ratings

Participate in evaluation
蕃薯
2023-09-14 22:31
Binance’s review of cryptocurrencies is very lax. Since the beginning of August, 62,500 USDT has been defrauded, and they did not even help to get it back.
Binance’s review of cryptocurrencies is very lax. Since the beginning of August, 62,500 USDT has been defrauded, and they did not even help to get it back.

...More

5
0
Tallman
2023-08-21 19:04
in
in

...More

11
0
satuwarna
2023-08-21 14:49
too many fees and problems in this project recently
too many fees and problems in this project recently

...More

2
1
Henry Akin-Martins
2023-08-18 07:46
I am being duped by financial advisor Daina Belove and Jessica Raymond of Lexatrade trading company. My account is closed and have no way to lay my complaint to necessary authority as Diana Belove and Jessica Raymond has closed all means of communication with the support/customer service. I would kindly asked for assistance in communicating my request to the Lexatrade (Bitcoin) investment company to reopen my account which I registered with the name Henry Akin-Martins . I have been duped by Diana Belove of $9,000 as my returns of my investment in the Bitcoin stocks. Diana Belove seized communication with me and also closed my account and all means of communication with the support/customer services. I am appealing to you to kindly forward my request to the necessary authority at Lexatrade to reopen have used several email addresses and phone numbers all to no avail. I am therefore appealing to your institution to help forward this letter to the necessary authority at Lexatrade Bitcoin trading outlet to kindly reopen my account which has been blocked by Diana Belove and Jessica Raymond. .Thank you.
I am being duped by financial advisor Daina Belove and Jessica Raymond of Lexatrade trading company. My account is closed and have no way to lay my complaint to necessary authority as Diana Belove and Jessica Raymond has closed all means of communication with the support/customer service. I would kindly asked for assistance in communicating my request to the Lexatrade (Bitcoin) investment company to reopen my account which I registered with the name Henry Akin-Martins . I have been duped by Diana Belove of $9,000 as my returns of my investment in the Bitcoin stocks. Diana Belove seized communication with me and also closed my account and all means of communication with the support/customer services. I am appealing to you to kindly forward my request to the necessary authority at Lexatrade to reopen have used several email addresses and phone numbers all to no avail. I am therefore appealing to your institution to help forward this letter to the necessary authority at Lexatrade Bitcoin trading outlet to kindly reopen my account which has been blocked by Diana Belove and Jessica Raymond. .Thank you.

...More

4
2
Alexdon
2023-08-13 20:36
hi guys is nice beening here please can some one direct me how to use this app 🙏🙏🙏🙏
hi guys is nice beening here please can some one direct me how to use this app 🙏🙏🙏🙏

...More

6
1
bakhu
2023-07-18 10:43
I just woke up to find all the money in my wallet was moved to hash aid. What is hash aid? I don'tunderstand. Now, I can not withdraw but am being told to add funds in my account. How is that even possible?
I just woke up to find all the money in my wallet was moved to hash aid. What is hash aid? I don'tunderstand. Now, I can not withdraw but am being told to add funds in my account. How is that even possible?

...More

5
3
Docayisi
2023-07-16 20:17
I was instructed to pay for an event but immediately after I had deposited my money they changed the tune
I was instructed to pay for an event but immediately after I had deposited my money they changed the tune

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2
0
Aman1252
2023-07-13 14:54
It is not giving withdrawal since 26 june , Now they demanding to deposit 100 usdt to activate the account or they will block the account.
It is not giving withdrawal since 26 june , Now they demanding to deposit 100 usdt to activate the account or they will block the account.

...More

2
1
Gech
2023-07-05 01:09
it says no trading tips when withdrawal order is submitted, Please help me
it says no trading tips when withdrawal order is submitted, Please help me

...More

1
1
Bida104
2023-07-01 22:01
binance is the best
binance is the best

...More

3
1
lexo
2023-06-23 10:03
this is a scamming app took all my dollars within seconds
this is a scamming app took all my dollars within seconds

...More

3
0
better teo honvou
2023-05-24 09:05
not able to withdraw
not able to withdraw

...More

+3
0
0
BIT4170160520
2023-05-10 07:30
various companies I could not withdraw from. or they want R5500 to withdraw my money. witch trading company tell you to pay money to withdraw. and I found that they are actually traders on binance
various companies I could not withdraw from. or they want R5500 to withdraw my money. witch trading company tell you to pay money to withdraw. and I found that they are actually traders on binance

...More

+1
0
0
mahdi4235
2023-03-18 19:25
Scam and unable to withdraw
Scam and unable to withdraw

...More

0
0
ramin
2023-03-11 00:55
why Iranian people can't use this exchange?
why Iranian people can't use this exchange?

...More

0
1
BIT7088579702
2023-03-08 18:33
how can I withdraw I'm having problems on your platform
how can I withdraw I'm having problems on your platform

...More

0
0
Pepekacripto
2023-03-01 08:22
You have to fix a lot of mistakes before launching the mainet of the trade! even with a lot of difference in the graph in relation to the entry indicating a rise and I'm still losing!
You have to fix a lot of mistakes before launching the mainet of the trade! even with a lot of difference in the graph in relation to the entry indicating a rise and I'm still losing!

...More

0
0
violet3852
2023-01-15 01:17
this is one of the best coin I love and I’m sure it definitely going to pump more
this is one of the best coin I love and I’m sure it definitely going to pump more

...More

0
0
佳恩
2022-12-18 19:46
Cannot withdraw and hold event. Fraud. A pure fraud. Cannot trust anything like this.
Cannot withdraw and hold event. Fraud. A pure fraud. Cannot trust anything like this.

...More

0
0

view all comments

Founded 2017
Regulation NMLS, MAS/FinCEN (Exceeded)
Supported Cryptocurrencies 350+
Fees 0.012%-0.10%
Funding Methods Wallet, ACH transfer, Wire transfer, Cryptos
Customer Service 24/7 live chat, email, FAQs, Social media

  BINANCE Overview

  

  BINANCE is one of the world's largest and most popular cryptocurrency exchanges. Founded in 2017 by Changpeng Zhao, it has quickly gained prominence in the crypto space for its extensive range of digital assets and high trading volumes.

BINANCE Overview:BINANCE-home-page

  BINANCE offers a user-friendly platform, advanced trading features, and a wide array of services, including spot trading, futures trading, staking, savings, and more, making it a preferred choice for both beginners and experienced traders in the cryptocurrency market.

  Pros & Cons

√ Pros × Cons
• Numerous tradable cryptocurrencies • Exceeded MAS and FinCEN regulatory licenses
• Wide selection of trading options • Not available in the U.S.
• Low fees
• Multiple payments

  Pros Revealed

  • Numerous Tradable Cryptocurrencies

  Binance offers 350+ cryptocurrencies available for trading, allowing users to access various altcoins and popular digital assets beyond Bitcoin and Ethereum.

  • Wide Selection of Trading Options

  Binance provides a diverse array of trading options, including spot trading, futures trading, options trading, margin trading, and more. This variety caters to traders with different strategies and risk appetites.

  • Low Fees

  Binance is known for its competitive fee structure, with low trading fees for both makers (0.012%-0.10%) and takers (0.024%-0.10%). This cost-effectiveness attracts traders who seek to optimize their profits while engaging in frequent trading activities.

  • Multiple Payments

  Binance supports multiple payment methods, such as wallets, debit cards, ACH transfers, and wire transfers, offering users flexibility and convenience in funding their accounts and participating in the cryptocurrency market.

  Cons Revealed

  Exceeded MAS and FinCEN Regulatory Licenses

  Binance reportedly faced regulatory concerns related to its licenses with the Monetary Authority of Singapore (MAS) and the United States Financial Crimes Enforcement Network (FinCEN). Such concerns could potentially impact its ability to operate in certain jurisdictions and might raise questions about its compliance with regulatory standards.

  Not Available in the U.S.

  Binance has faced restrictions in the United States, with certain services and features not being available to U.S. residents due to regulatory complexities. This limitation may inconvenience American traders who are looking to access the full range of services offered by the exchange.

  Regulatory Compliance

  WikiBit obtains regulatory information through various channels, including official regulatory websites, public records, and direct communication. The platform's team verifies the authenticity of regulatory licenses and certifications by cross-referencing the information from multiple reputable sources.

  WikiBit aims to offer reliable and accurate regulatory information to help traders make informed decisions when choosing exchange/token/project.

  As of August 2023, BINANCE reportedly holds a regulated MTL license from the United States Nationwide Multi-state Licensing System (NMLS, No. 1906829), an exceeded Monetary Authority of Singapore (MAS) license (No. 201811768M), and an exceeded MSB license from the United States Financial Crimes Enforcement Network (FinCEN, No. 31000159813807).

regulated-NMLS-license
exceeded-MAS-license
Exceeded-FinCEN-license

  These licenses reflect BINANCE's compliance with regulatory requirements in different jurisdictions and underscore its commitment to operating within established legal frameworks.

  Is BINANCE Safe?

  BINANCE has implemented several security measures to enhance the safety of its platform and user funds.

  Secure Asset Fund for Users (SAFU)

  BINANCE stores 10% of all trading fees in a secure asset fund to protect a share of user funds in the event of a security breach or unexpected situations. It is designed to cover potential losses and ensure that users' assets remain secure.

  Personalized Access Control

  BINANCE provides various security features to help users protect their accounts, including two-factor authentication (2FA), email verification, and anti-phishing codes. These measures add an extra layer of security to prevent unauthorized access to accounts.

  Advanced Data Encryption

  BINANCE employs end-to-end encryption protocols to safeguard user data, ensuring that sensitive information remains protected from unauthorized access.

Advanced-Data-Encryption

  While BINANCE has taken significant steps to enhance security and user protection, no exchange or platform is entirely immune to risks. Cryptocurrency trading inherently carries certain risks, and users should take additional precautions to safeguard their assets.

  Some recommended practices include using strong passwords, enabling 2FA, being cautious of phishing attempts, and storing a significant portion of your funds in secure hardware wallets rather than on the exchange.

  Cryptocurrencies Available

  BINANCE offers a vast selection of over 350 cryptocurrencies for trading on its exchange. It also supports a variety of fiat currencies, including USD, EUR, AUD, GBP, HKD, and INR, making it accessible to users from various regions.

  Some of the notable cryptocurrencies available on BINANCE include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BINANCE Coin (BNB), BINANCE USD (BUSD), Cardano (ADA), Solana (SOL), Polygon (MATIC), Polkadot (DOT), SHIBA INU (SHIB), Ripple (XRP), USD Coin (USDC), Dogecoin (DOGE), TRON (TRX), Litecoin (LTC), and Bitcoin Cash (BCH), among many others.

Cryptocurrencies

  Fees

  BINANCE's fee schedule is transparent and straightforward. The transaction fees are capped at 0.10%, and they vary depending on whether you are a maker or a taker. Makers pay a fee ranging from 0.012% to 0.10% of their transactions, while takers pay a slightly higher percentage, ranging from 0.024% to 0.10%. These fees can be reduced according to your tier and the 30-day trading volume you transact.

  Moreover, BINANCE offers certain fee discounts and promotions. For instance, there is a 0% fee on BTC/TUSD Spot & Margin Pair, a 25% discount on Spot & Margin Trading fees if using BNB (BINANCE Coin), and a 10% discount on USDⓈ-M Futures Trading fees with BNB.

  The tier-based maker and taker fees on BINANCE are as follows:

Level 30-Day Trading Volume (BUSD) Taker Fee Maker Fee
Regular User <1M 0.10% 0.10%
VIP 1 1M-5M, 25+ BNB 0.10% 0.09%
VIP 2 5M-20M, 100+ BNB 0.10% 0.08%
VIP 3 20M-100M, 250+ BNB 0.06% 0.042%
VIP 4 100M-150M, 500+ BNB 0.054% 0.042%
VIP 5 150M-400M, 1000+ BNB 0.048% 0.036%
VIP 6 400M-800M, 1750+ BNB 0.042% 0.03%
VIP 7 800-2000M, 3000+ BNB 0.036% 0.024%
VIP 8 2billion-4billion, 4500+ BNB 0.03% 0.018%
VIP 9 4billion+, 5500+ BNB 0.024% 0.012%

  In summary, BINANCE implements a tier-based maker and taker-maker fee system, allowing traders with higher trading volumes to benefit from reduced fees and additional discounts on specific trading pairs.

  Funding Methods

  BINANCE offers a wide range of payment methods for its users to deposit funds and start trading. Users can fund their accounts using wallets, debit cards, ACH transfers, wire transfers, and various cryptocurrencies.

  While withdrawal fees vary depending on the chosen method, BINANCE has not disclosed specific fees for wallet and crypto conversions. However, for debit card transactions, a 4.5% fee is applicable, while ACH transfers are free of charge. For wire transfers, there is a $15 fee.

Funding Method Fees
Wallet N/A
Debit cards 4.5%
ACH transfer Free
Wire transfer $15
Crypto conversion N/A

  Compare to Other Cryptocurrency Exchanges

Exchange
BINANCE
Huobi
coinbase
Fees 0.012%-0.10% 0.2% 0% - 3.99%
Cryptos Available 350+ 700+ 200+
Website BINANCE.com/en huobi.com coinbase.com

  Binance

  Best for experienced traders and those seeking a wide range of cryptocurrencies and advanced trading options.

  Huobi

  Ideal for users prioritizing security, compliance, and seeking opportunities to earn passive income through staking and investment products.

  Coinbase

  Suited for beginners due to its user-friendly interface and simple buying options. It is also a preferred choice for users in regions with stringent regulations, as Coinbase emphasizes regulatory compliance.

  Ultimately, the best crypto exchange for an individual trader will depend on their specific trading style, preferences, and needs.

  Binance User Review

  User 1:

  Binance is my crypto go-to! The security features like 2FA and cold storage are top-notch, giving me peace of mind. The interface might be overwhelming for newbies, but it's a paradise for traders seeking countless cryptocurrencies to dabble in. Liquidity? No worries, it's like a bustling marketplace. However, customer support can be slow, and trading fees, while competitive, can stack up with frequent trading. Privacy-wise, it's alright, but I wish they'd amp up data protection. Deposits and withdrawals are usually swift, and order types cover all my trading strategies. Stability? Generally good, but those occasional glitches can be frustrating. Overall, Binance is a powerhouse with room for improvement in support and privacy.

  User 2:

  Mixed feelings about Binance. The security is solid with cold wallets and all, but the whole regulatory uncertainty gives me pause. The interface is sleek, catering to both newbies and pros. Liquidity is impressive; you can trade just about anything here. However, their customer support often feels like shouting into a void. Trading fees are manageable, but privacy feels a bit lax - I'm not sure how much data they're collecting. Deposits and withdrawals are usually quick, but I've had a few hiccups. Order types are versatile, and stability's good overall, but those occasional downtimes irk me. Binance is a heavyweight, but regulatory clarity and customer support need work.

  Frequently Asked Questions (FAQs)

Q 1: Is BINANCE regulated?
A 1: Yes. It is regulated by NMLS, but the MAS and FinCEN regulatory licenses are both exceeded.
Q 2: At BINANCE, are there any regional restrictions for traders?
A 2: Yes. U.S. citizens are restricted from using BINANCE in the United States. Four states in the U.S. have also restricted access to BINANCE: Hawaii, New York, Texas, and Vermont.
Q 3: Can you trade NFTs on BINANCE?
A 3: Yes.
Q 4: Is BINANCE a good crypto exchange for beginners?
A 4: Yes. It is regulated and offers extensive tradable cryptocurrencies and trading options with lows fees and advanced trading tools.

ALL

News

Announcement

System maintenanceNotice about Performing Ethereum Network (ERC20) Wallet Maintenance - 2021-08-24
Dear Users: Binance will be performing maintenance on the Ethereum Network (ERC20) wallet

2021-08-24 16:52

Notice about Performing Ethereum Network (ERC20) Wallet Maintenance - 2021-08-24
Token hit-the-shelfBinance listed Tribe
Dear users: Binance will launch the Tribe (Tribe) on August 24, 2021 at 14:00 (East eight

2021-08-24 09:59

Binance listed Tribe
OthersNotice about support for Avalanche (AVAX), Firo (Firo) network upgrades and hard forks
Dear Users: Binance will support network upgrades and hard forks for Avalanche (AVAX) and

2021-08-23 19:37

Notice about support for Avalanche (AVAX), Firo (Firo) network upgrades and hard forks
NewsBinance CEO CZ bans employees from futures trading
Binance CEO CZ prohibits employees, including himself, from trading futures. Violators of the internal monitoring policy face immediate termination. Binance saw a $55.9M liquidation order, the largest of the day.
WikiBit

2023-08-21 13:43

Binance CEO CZ bans employees from futures trading
NewsBinance Converts Delisted NBS Tokens To USDT For Profitable Transition
Binance is converting delisted New Bitshares (NBS) tokens to USDT on 9/9. NBS balances in users’ wallets will be replaced with USDT by 12/8. Conversion based on NBS/USDT rate between 9/9 and 12/8. Detailed NBS/USDT exchange rate info to be revealed after the transition period. Stay informed for a smooth conversion!
WikiBit

2023-08-21 13:39

Binance Converts Delisted NBS Tokens To USDT For Profitable Transition
NewsBinance to Delist SNM, SRM, YFII as Prices Experience Decline
Binance to Delist SNM, SRM, YFII as Prices Experience Decline
WikiBit

2023-08-16 17:19

Binance to Delist SNM, SRM, YFII as Prices Experience Decline
NewsBinance Labs Invests $10 Million in Helio Protocol to Support its Transformation into a Liquidity St
Binance Labs Invests $10 Million in Helio Protocol to Support its Transformation into a Liquidity Staking Platform
WikiBit

2023-08-11 15:09

Binance Labs Invests $10 Million in Helio Protocol to Support its Transformation into a Liquidity St
NewsBinance Reserve Proof: Conversion of Significant USDC Reserves to BTC and ETH During March to May
Binance converted a large amount of USDC reserves into BTC and ETH from March to May, and the reserves of various digital currencies exceeded 100%
WikiBit

2023-08-09 13:56

Binance Reserve Proof: Conversion of Significant USDC Reserves to BTC and ETH During March to May
NewsBinance May Be Accused Of Fraud, But DOJ Worried About Market Crisis
The U.S. Department of Justice (DOJ) is reportedly considering the possibility of charging cryptocurrency exchange Binance with fraud, according to sources familiar with the matter. However, federal prosecutors are hesitant about taking this step due to concerns over the potential consequences it could have on the broader market, Semafor reported.
WikiBit

2023-08-03 10:43

Binance May Be Accused Of Fraud, But DOJ Worried About Market Crisis
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