By: Editorial team
Last updated: October 2026
Disclosure: No affiliate links; no payment was received from Binance for this review. This review is documentation-based (vendor pages and public sources). No hands-on testing was performed.
TL;DR: Binance spot fees start 0.10%/0.10% (25% BNB discount). Global site states 300+ cryptocurrencies; Binance.US lists 190+ with 0% maker/0.02% taker (to 0.01% at $500M) and free ACH. Access is region‑dependent; no FDIC/SIPC insurance. Full futures fee tables require login.
Key facts
– Spot fees start at 0.10%/0.10% for Regular Users; VIP tiers reduce fees; 25% off when paying in BNB (Binance, 4 Oct 2026) — Binance fee schedule
– Binance states it supports 300+ cryptocurrencies; Binance.US lists 190+ (4 Oct 2026) — Binance Earn, Binance.US
– Binance.US Advanced Trading: 0% maker; 0.02% taker on most pairs (down to 0.01% at $500M); Tier 0 pair 0%/0.01% (4 Oct 2026) — Binance.US fees
– The United States, Canada, and the Netherlands are on Binance’s Prohibited Countries list (updated 5 Jan 2026) — Prohibited Countries (PDF)
– Binance cites a SAFU emergency fund of about US$1B (Feb 2026) and says balances are backed 1:1 via Proof of Reserves (4 Oct 2026) — SAFU FAQ, Proof of Reserves
RISK WARNING: Trading cryptocurrencies and derivatives involves a high risk of loss. Prices can move rapidly, and past results do not predict future performance. Leveraged products can magnify losses, and you may lose more than you expect. Never trade money you cannot afford to lose.
Binance runs a global crypto exchange (binance.com) and a separate U.S. exchange (Binance.US). The global site advertises 300+ cryptocurrencies and tiered spot fees; Binance.US lists 190+ assets and low maker/taker pricing. Access depends on location and verification level. Key documented limitations include full prohibitions in some regions on binance.com, state gaps for Binance.US, futures fee tables gated behind login, and no public uptime/SLA.
Verdict: Binance offers low-fee spot trading, API access, and broad markets (documentation states 300+ coins globally). Binance.US posts low taker fees for U.S. users but supports fewer assets and is unavailable in many states. If insured custody, public SLAs, or unrestricted regional access are requirements, alternatives will suit better.
Who Binance is for — and who should skip it
Binance fits fee‑sensitive spot traders who want transparent, tiered maker/taker pricing that starts at 0.10%/0.10% and declines with volume or when paying fees in BNB (25% discount column on the fee schedule) (Binance fee schedule). API and bot users can use REST/WebSocket/FIX APIs with documented limits (Binance Spot API docs). Followers or leaders who want native copy trading can use Binance Spot Copy Trading, which documents a 10% profit share to lead traders plus 10% of follower trading fees and published minimums (10/100/500 USDT) (Spot Copy Trading FAQ). For a U.S. exchange with low posted fees, Binance.US lists 190+ cryptocurrencies and advertises 0% maker/0.02% taker on most pairs (down to 0.01% at $500M) (Binance.US fees).
Skip Binance if you’re in a prohibited region for binance.com — the official list includes the United States, Canada and the Netherlands (updated 5 Jan 2026) (Prohibited Countries (PDF)) — or if you live in one of the states where Binance.US is not supported (e.g., NY, TX, WA; full list below) (Unsupported states). Also skip it if FDIC/SIPC‑insured custody is required; Binance’s Terms state it is “not obliged to insure the Digital Assets,” and Binance.US similarly states assets are not FDIC‑ or SIPC‑insured (Binance Terms (PDF); Binance.US Terms of Use). Finally, if publicly documented latency, uptime SLAs or fully public derivatives fee tables are needed, Binance’s public docs don’t provide them (system status docs; Futures fees page).
Pricing and plans: fees, not subscriptions
There’s no monthly subscription for Binance or Binance.US. Costs are trading fees and blockchain network withdrawal fees. Crypto deposits are free (Binance crypto fees; Binance.US fees). Fiat on/off‑ramp fees vary by method and region; on Binance.US, ACH transfers are listed as free (Binance.US fees).
Binance Spot fee tiers (maker/taker)
– Source: Binance Spot fee schedule (checked 4 Oct 2026) — fee schedule
| Tier (30‑day volume; min BNB) | Maker/Taker | With BNB (25% off) | Key limits |
|---|---|---|---|
| Regular User (<$1M; ≥0 BNB) | 0.100% / 0.100% | 0.07500% / 0.07500% | Base tier |
| VIP 1 (≥$1M; ≥5 BNB) | 0.090% / 0.100% | 0.06750% / 0.07500% | Entry VIP |
| VIP 2 (≥$5M; ≥25 BNB) | 0.080% / 0.100% | 0.06000% / 0.07500% | Higher volume |
| VIP 3 (≥$20M; ≥100 BNB) | 0.040% / 0.060% | 0.03000% / 0.04500% | Mid-tier |
| VIP 4 (≥$75M; ≥500 BNB) | 0.040% / 0.052% | 0.03000% / 0.03900% | Mid-high |
| VIP 5 (≥$150M; ≥1,000 BNB) | 0.025% / 0.031% | 0.01875% / 0.02325% | High volume |
| VIP 6 (≥$400M; ≥1,750 BNB) | 0.020% / 0.029% | 0.01500% / 0.02175% | High volume |
| VIP 7 (≥$800M; ≥3,000 BNB) | 0.019% / 0.028% | 0.01425% / 0.02100% | High volume |
| VIP 8 (≥$2B; ≥4,500 BNB) | 0.016% / 0.025% | 0.01200% / 0.01875% | Very high |
| VIP 9 (≥$4B; ≥5,500 BNB) | 0.011% / 0.023% | 0.00825% / 0.01725% | Top tier |
Notes:
– Binance’s tier volume includes Spot, Margin, Convert, Copy Trading and Trading Bots (fee schedule).
– Futures pricing is tiered and offers a 10% discount when paying fees in BNB, but Binance does not publish a full futures fee table without login; the public fee page returns “No records found” (Futures FAQ; Futures fees page).
Binance.US Advanced Trading fees and funding
– Source: Binance.US fees (checked 4 Oct 2026) — Binance.US fees
| Market/pairs | Maker | Taker | BNB fee discount | ACH (USD) | Wire (USD) | Card |
|---|---|---|---|---|---|---|
| Tier 0 pair (BNB/USD) | 0% | 0.01% | 5% off fees | Free | not published | not published |
| All other pairs | 0% | 0.02% (down to 0.01% at $500M 30‑day volume) | 5% off fees | Free | not published | not published |
Withdrawal fees
– Crypto withdrawals carry network fees that vary by blockchain and can change without notice (Binance crypto fees). Binance does not charge crypto deposit fees (Binance crypto fees). On Binance.US, ACH deposits and withdrawals are listed as free (Binance.US fees).
Features that matter
Binance: Markets and products — wide coverage, with regional variation
Binance’s Earn hub lists categories including Flexible and Locked products, USD Yield, ETH Staking, SOL Staking, Dual Investment, Discount Buy, BTC Yield and On‑chain Yields; availability varies by product and region (Binance Earn). The same page states the platform supports 300+ cryptocurrencies (Binance Earn). In the U.S., Binance.US says it supports 190+ cryptocurrencies, with “200+ cryptocurrencies, 250+ trading pairs and 25+ staking assets” described on its About page (Binance.US; About Binance.US).
Regional restrictions are decisive. Binance’s official Prohibited Countries list (5 Jan 2026) states it bars “anyone located, incorporated, established in, resident of, a citizen of, or operating in the United States” from using binance.com, and also lists Canada and the Netherlands, among others; the list may change without notice (Prohibited Countries (PDF)).
Binance: Trading experience (Spot, Convert, Copy Trading)
Binance embeds TradingView charting in its Classic, Advanced and Full‑screen layouts, including candlestick/depth charts, drawing tools and indicators (TradingView on Binance). Binance Convert does not add a separate trading fee; the quoted price includes the spread in the final amount received (Binance Convert FAQ).
Spot Copy Trading is documented with clear economics and minimums: lead traders earn a 10% profit share plus 10% of followers’ trading fees; copy traders can copy up to ten portfolios; minimum balances are 10 USDT (Fixed Amount mode) or 100 USDT (Fixed Ratio) for followers and 500 USDT for lead traders (Spot Copy Trading FAQ).
Binance: Derivatives and margin (region‑dependent access)
Derivatives access varies by jurisdiction; eligibility must be confirmed before attempting to trade futures. Binance’s Futures FAQ shows fee mechanics and example Regular User rates (e.g., COIN‑M maker 0.02% / taker 0.05%) and notes that paying USDⓈ‑M Futures fees in BNB gives a 10% discount (Futures FAQ). VIP tiering for Futures is documented as mirroring Spot with 5× higher volume requirements, but the full maker/taker rate table is not publicly viewable without logging in (Futures fees page).
Binance: APIs and automation
Binance documents REST and WebSocket APIs and a FIX gateway. The Spot API lists a REQUEST_WEIGHT limit of 6,000 per minute and WebSocket API connection limits of 300 per 5 minutes (Spot API docs). For operational visibility, Binance provides a system status endpoint (GET /sapi/v1/system/status) where status “0” indicates normal operation; there is no public uptime percentage or SLA page (system status docs).
Comparison: Binance.com vs Binance.US (at a glance)
| Platform | Type | Supported assets | Fees/core pricing | Copy trading | Apps/OS | Notable limits |
|---|---|---|---|---|---|---|
| Binance (global) | Centralized crypto exchange | 300+ cryptocurrencies (Binance) | Spot starts 0.10%/0.10%; 25% off with BNB; tiered VIP (Binance) | Spot Copy Trading published with 10%+10% terms (Binance) | Web, iOS, Android, Windows (download page) | Prohibited Countries include U.S., Canada, Netherlands (Binance) |
| Binance.US | U.S. crypto exchange (separate entity) | 190+ cryptocurrencies; About page says 200+ assets, 250+ pairs, 25+ staking (Binance.US) | 0% maker; 0.02% taker on most pairs (to 0.01% at $500M); free ACH; 5% BNB fee discount (Binance.US) | not published | Web; apps not published | Unsupported states include NY, TX, WA and more; USD services unavailable in KS and WI (Binance.US) |
Notes:
– For a head‑to‑head with Coinbase on fees, markets, security and regulation, see the comparison page: Binance vs Coinbase (Disclosure: internal editorial resource; no affiliate links.)
Binance performance and reliability: little published, one uptime claim from Binance.US
Binance publishes a system‑status API but no public uptime percentage, latency figures or SLA in its developer documentation (system status docs). Binance.US’s About page claims 99.9% uptime; this is a vendor statement (About Binance.US).
Binance setup and account verification
To open a Binance account, create credentials and complete identity verification. Binance states the “Verified” level is required to access products; unverified users are limited to withdrawals, order cancellations, position close and redemption. Submitted KYC documents are “usually reviewed within 48 hours,” and only one verified personal account is allowed (KYC FAQ).
Before funding, confirm regional eligibility. Binance.US operates separately; it is registered under NMLS ID 1906829 and says accounts cannot be merged with binance.com (About Binance.US; transfer guidance). Configure account security, then review the Identification page for current withdrawal and trading limits; Binance’s public FAQ does not publish numeric limits (KYC FAQ).
Evidence
This review summarizes Binance’s and Binance.US’s official fee schedules, help articles, legal terms, and developer docs. No hands‑on testing, screenshots, or proprietary measurements were performed. All claims about pricing, features, regulation and performance are attributed to vendor sources linked on this page.
Risks and limitations
- Regional restrictions: Binance’s Prohibited Countries list (5 Jan 2026) explicitly bars “anyone located, incorporated, established in, resident of, a citizen of, or operating in the United States,” and also includes Canada and the Netherlands; the list can change without notice (Prohibited Countries (PDF)). Binance.US is unavailable in AK, AS, CT, GA, GU, ME, MP, NY, NC, ND, OH, OR, TX, VI, VT, WA; USD services are unavailable in KS and WI (as of 3 Jun 2026) (Unsupported states).
- No published uptime/latency/SLA: Only a system‑status API is documented; there’s no public uptime percentage or performance SLA (system status docs).
- Opaque derivatives pricing: The full futures maker/taker table is not publicly accessible without logging in; Binance’s fee page returns “No records found” (Futures fees page). A FAQ gives example COIN‑M rates (0.02%/0.05%) and notes a 10% BNB discount (Futures FAQ).
- No FDIC/SIPC insurance: Binance’s Terms state it is “not obliged to insure the Digital Assets” (Binance Terms (PDF)). Binance.US Terms say accounts and balances are not FDIC‑ or SIPC‑insured (Binance.US Terms of Use).
- Proof of Reserves without a named independent auditor: Binance says balances are fully backed 1:1 using a Merkle tree plus zk‑SNARKs, but the retrieved PoR page names no external audit firm (Proof of Reserves).
- Dynamic withdrawal fees: Crypto withdrawals incur blockchain network fees that can change without notice, and the per‑asset tables can vary by network (Binance crypto fees).
RISK WARNING: Trading cryptocurrencies and derivatives involves significant risk. Leverage can magnify losses. Prices can be volatile and you may lose all or a substantial portion of your capital. Past performance does not guarantee future results.
How Binance compares
- Binance.US: A separate U.S. entity under BAM Trading Services (NMLS ID 1906829). It advertises 190+ cryptocurrencies and 25+ staking assets (About Binance.US). Advanced Trading fees are posted as 0% maker; 0.02% taker on most pairs, down to 0.01% at $500M; ACH is free; paying in BNB gives a 5% discount (Binance.US fees). State availability is limited (see unsupported states above) (Unsupported states).
- Coinbase: For fees, markets, security and regulation vs Binance, see the comparison page: Binance vs Coinbase (Disclosure: internal editorial resource; no affiliate links.)
- TakeProfit (charting/alerts; not an exchange): If only charts, alerts and scripting are needed, TakeProfit lists $20/month all‑in with 400 non‑expiring cloud alerts, AI‑assisted Indie scripting, coverage of 5,000+ instruments, and data from 70+ crypto exchanges. Limitation: it doesn’t custody assets or execute trades on‑exchange natively (TakeProfit). Disclosure: non‑affiliate link; no compensation received.
- Other centralized exchanges: Many traders compare exchanges side‑by‑side for fees, asset support and regional availability. Explore the comparisons hub: exchange comparisons (Disclosure: internal editorial resource; no affiliate links.)
Costs and extras
- No subscription is required to use the exchange; pricing is usage‑based.
- Spot trading fees on binance.com start at 0.10%/0.10% and can be reduced via VIP tiers and by paying fees in BNB (25% discount column on the fee schedule).
- Binance Convert includes spread in the quoted price instead of an explicit trading fee (Binance Convert FAQ).
- Crypto deposits are free; withdrawals carry blockchain network fees that vary by chain and can change (Binance crypto fees). On Binance.US, ACH is free (Binance.US fees).
FAQ
Q: Can Binance be trusted?
A: Binance states client assets are governed by ADGM client‑asset rules and says Proof of Reserves shows 1:1 backing. It also runs the SAFU fund (~US$1B as of Feb 2026). There’s no FDIC/SIPC insurance and no public uptime/SLA. Trust depends on individual risk tolerance and region. Sources on page.
Q: Is Binance better than Coinbase?
A: “Better” depends on needs. This review documents Binance’s fees, assets, and availability. For a head‑to‑head on fees, markets, security, and regulation, see the Binance vs Coinbase comparison page (linked above).
Q: Is Binance safe for U.S. citizens?
A: Binance.com’s Prohibited Countries list (updated Jan 5, 2026) includes the United States. U.S. users should consider Binance.US, a separate company with its own supported states and fees.
Q: How much fee does Binance charge?
A: Spot trading starts at 0.10% maker/0.10% taker for Regular Users, with VIP tiers reducing fees; paying fees in BNB shows a 25% discount column. Convert quotes include spread. Withdrawal fees vary by network. See the fee tables on this page.
Q: Can I withdraw 1 million from Binance?
A: Withdrawal limits depend on verification level and are shown on the Identification page of the account. Public numeric limits are not listed in the FAQ and can vary by region and product.
Methodology & disclosure
This article relies on Binance and Binance.US primary sources: fee schedules, help center articles, legal terms, system‑status and API docs, and product pages, all cited inline. No hands‑on testing, screenshots, or latency measurements were performed for this review. This page contains no affiliate links and no payment was received from Binance for this review. Pages are updated when official sources change; send verifiable corrections to the editors. Affiliate relationships are disclosed at the top of this page and again alongside any related‑service links.
Regulatory notes and custody
– Binance’s Terms (effective 21 July 2026) state they are governed by ADGM law and describe Nest entities (Exchange, Clearing and Custody, Trading) regulated by the ADGM FSRA; client assets are held under ADGM Client Money and Safe Custody Rules (Binance Terms (PDF); Licenses).
– Binance’s SAFU emergency fund is described as approximately US$1B as of Feb 2026, held/managed by Nest Clearing and Custody Limited; claims must be made within 90 days and apply to losses caused by a vulnerability in Binance’s systems (SAFU FAQ).