Trading platforms
WebTrader platform, mobile app
Licenses
DIFC - Dubai
Deposit options
Visa, Mastercard, Skrill, Neteller, Bank transfer
Withdrawal options
Visa, Mastercard, Skrill, Neteller, Wire
Assets available for trading
Cryptocurrencies - Crypto
Demo account
No
Withdrawal fee
No
Minimum deposit amount
Islamic account
No
Year of establishment
2017
Binance Rating 🔱 Binance has received a rating of 4.5/5, which is a high rating reflecting its leadership in blockchain. This is logical and intuitive considering it is the largest exchange for cryptocurrencies. It is characterized by providing integrated services and offering smart trading tools and advanced analytical tools, in addition to low fees. Binance is known for its solid legal standing; it is registered with 20 entities as a cryptocurrency exchange service provider, in addition to many other distinguishing features that have made it the first choice for more than 258 million users worldwide.
Binance has a wide global presence, and therefore it is obligated to deal with many regulatory bodies. It has actually obtained 20 legal registrations as a provider of cryptocurrency exchange services in Europe, the Middle East, Asia, America, and Africa. Binance requires compliance with Know Your Customer (KYC) procedures, as part of its compliance with legal obligations including anti-money laundering.
Binance has previously experienced a security breach, with the largest breach occurring in 2022, when an attempt was made to steal 570 million USD from Binance Smart. However, the positive indicator is that it managed to deal with the situation quickly and succeeded in controlling it and preventing the seizure of a large portion of the amount. Binance established the Secure Asset Fund for Users (SAFU) in 2018, to be used in emergencies and to ensure the protection of users' assets and funds. The SAFU wallet consists of one billion USDC as of April 2024.
Binance has a wide global presence, and therefore it is obligated to deal with many regulatory bodies. It has actually obtained 20 legal registrations as a provider of cryptocurrency exchange services in Europe, the Middle East, Asia, America, and Africa. Binance requires compliance with Know Your Customer (KYC) procedures, as part of its compliance with legal obligations including anti-money laundering.
#Security
Binance France SAS is registered as a Digital Asset Service Provider (DASP) by the Autorité des Marchés Financiers (AMF) in France under registration number (E2022-037). Binance Italy S.R.L is registered as a Digital Asset Service Provider (DASP) by Organismo Agenti e Mediatori (OAM) in Italy under registration number (PSV5). Binance (AD) Limited is registered as a Financial Service Provider (FSP) by the Financial Services Regulatory Authority (FSRA) in the UAE. Binance FZE has obtained a license as a Virtual Asset Service Provider (VASP) from the Virtual Assets Regulatory Authority (VARA) in Dubai. InvestbyBit Pty Ltd, operating under the name Binance Australia, is registered as a cryptocurrency exchange service provider by the Australian Transaction Reports and Analysis Centre (AUSTRAC) in Australia under registration number (100576141-001). Binance Japan Inc is regulated by the Financial Services Agency (JFSA) in Japan as a provider of cryptocurrency exchange services under number (Kanto Local Finance Bureau 00031). Investbybit Limited, operating under the name Binance New Zealand, is registered as a financial service provider in New Zealand under.