If you’re in Saudi Arabia and interested in trading cryptocurrencies, you might be wondering if Binance is legal to use. The short answer: yes, Binance is accessible for individuals in Saudi Arabia, but the legal environment is complex and still evolving.

Even better — if you register through this special Binance link, you’ll unlock a 20% lifetime discount on spot trading fees and 10% off futures fees for your first 30 days.

In 2025, cryptocurrencies like Bitcoin and Ethereum are not recognized as legal tender in Saudi Arabia. The Saudi Central Bank (SAMA) prohibits banks and licensed financial institutions from offering crypto-related services without approval. This means you won’t be able to buy or sell crypto directly through your bank.

However, private ownership and trading of cryptocurrencies on international platforms like Binance is not explicitly banned. Saudi residents can still access Binance’s global platform, create accounts, trade crypto, and use features like P2P (peer-to-peer) trading to deposit or withdraw funds.

Regulatory Environment & Compliance

Saudi Arabia takes a cautious approach toward digital assets. While not banning them outright, authorities maintain strict rules to prevent money laundering and illicit transactions. The main regulatory bodies are:

  • SAMA (Saudi Central Bank) – Oversees banking restrictions and financial compliance.

  • Capital Market Authority (CMA) – Monitors investment activity and financial markets.

Binance complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, meaning Saudi users must verify their identity before trading. This includes submitting ID documents, proof of address, and sometimes additional verification steps for larger transactions.

How Saudi Residents Use Binance

While bank transfers for crypto purchases are restricted, many Saudi traders use:

  • Peer-to-Peer (P2P) Trading – Buying and selling crypto directly with other users.

  • International Payment Methods – Using supported cards or global payment providers.

  • Crypto-to-Crypto Trading – Converting one cryptocurrency to another within Binance.

Binance remains a popular choice in Saudi Arabia thanks to its:

  • Large selection of cryptocurrencies.

  • Competitive trading fees (with extra discounts using referral code BESTCODE).

  • Advanced trading tools for spot and futures markets.

  • Strong security, including the SAFU insurance fund.

What to Keep in Mind

  • Stay updated on regulations – The Saudi government is developing a clearer framework for crypto in the coming years.

  • Always complete KYC verification – This ensures compliance and smooth transactions.

  • Use caution with unregulated exchanges – Binance is internationally recognized, but smaller unlicensed platforms may carry higher risks.

Yes — individuals can access and trade on Binance in Saudi Arabia. While cryptocurrencies aren’t legal tender and banking restrictions apply, there’s no outright ban on private crypto trading. With regulations evolving, Binance continues to work with Saudi authorities to remain compliant and available for local users.