Binance
Best for lowest published spot fees, outside the EU
How it rates
- Cheapest published entry-tier spot pricing in this comparison
- Quarterly Merkle proof of reserves with per-account verification
- Highest independent trust rank and 24h volume in the group
- Which services you can use varies significantly by country
- Group structure spans many entities and jurisdictions
- Per-asset withdrawal costs not published on the main fee page
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- MetAuthorisation from a recognised financial regulator, evidenced publicly
Licences and registrations published by the company, including Dubai VARA, ADGM Abu Dhabi, France (AMF DASP), Italy, Spain, Poland, El Salvador and Kazakhstan (AFSA).
www.binance.com/en-GB/legal/licenses - MetProof of reserves with per-account verification
Merkle-tree publication with per-account check.
www.binance.com/en/proof-of-reserves - MetMost recent reserve publication within 12 months
Quarterly programme.
www.binance.com/en/proof-of-reserves - MetReserve method documented publicly
Merkle construction and verification steps documented.
www.binance.com/en/proof-of-reserves - MetNo unremediated custody-loss incident on the public record (24 months)
None identified in public reporting at this check.
www.binance.com/en/proof-of-reserves
- Met
- MetEntry-tier maker and taker rates displayed
0.100% / 0.100% at the regular tier.
www.binance.com/en/fee/schedule - MetVolume tiers with thresholds displayed
VIP 1–9 with volume and token-holding thresholds.
www.binance.com/en/fee/schedule - PartialDeposit and withdrawal costs addressed
Fee centre published; per-asset withdrawal costs not captured at this check.
www.binance.com/en/fee/schedule - MetFee documentation readable without an account
Retrieved and read at this check.
www.binance.com/en/fee/schedule
- MetListed with an independent trust score
CoinGecko exchange dataset, trust score 10.
api.coingecko.com/api/v3/exchanges - Met
- Met
- Met24h volume at or above 3,000 BTC
54,730 BTC over 24h at this check.
api.coingecko.com/api/v3/exchanges - Met
- MetRegulatory status disclosed publicly
Licence register published on the company’s own domain.
www.binance.com/en-GB/legal/licenses - MetOperating entity and jurisdiction identifiable
Regulated entities named by the ADGM regulator; group holding company incorporated in the Cayman Islands.
www.adgm.com/media/announcements/binance-becomes-first-crypto-exchange-t - MetReserve disclosure on own domain
Programme hosted on the company's own site.
www.binance.com/en/proof-of-reserves - MetIndependently corroborated regulatory position
Licence confirmed by the regulator’s own announcement.
www.adgm.com/media/announcements/binance-becomes-first-crypto-exchange-t - PartialEnforcement or incident history on the public record
Regulatory history extensive and jurisdiction-specific; not fully catalogued at this check.
www.binance.com/en/terms
- MetHelp centre reachable without an account
Reachable without an account at this check (HTTP 2xx).
www.binance.com/en/support - MetPublic status page
Reachable without an account at this check (HTTP 2xx).
www.binance.com/en/support/announcement - MetPublic API documentation
Reachable without an account at this check (HTTP 2xx).
developers.binance.com/ - MetPublic fee documentation
Reachable without an account at this check (HTTP 2xx).
www.binance.com/en/fee/schedule - MetPublic legal and terms documentation
Reachable without an account at this check (HTTP 2xx).
www.binance.com/en/terms
Binance prices spot trading at 0.100% on both sides for regular users — the cheapest entry tier here — publishes quarterly Merkle-tree reserve proofs, and leads the independent trust ranking on volume. It holds authorisations across Dubai, Abu Dhabi, France, El Salvador and Kazakhstan, published in its own licence register.
Our assessment
Binance is the cheapest venue in this comparison at the entry tier and the largest by a wide margin on independent volume data. It publishes quarterly Merkle-tree proof of reserves with per-account verification and maintains a licence register on its own domain covering authorisations in Dubai, Abu Dhabi, France, Italy, Spain, Poland, El Salvador and Kazakhstan.
Pricing that sets the floor for the group
Regular users pay 0.100% maker and 0.100% taker on spot, with a nine-level VIP ladder published from $1m to $4bn of 30-day volume and a further discount for paying fees in the exchange token. No other venue here publishes a lower entry rate. For an active trader that difference compounds into real money over a year, which is the honest reason its market share looks the way it does.
Reserves and the licence register
The reserve programme does what our rubric asks: a quarterly publication where a customer can confirm their own balance sat inside the attested total, rather than a wallet address and a sum. The licence register is equally unusual — most venues in this table state their regulatory position in marketing copy, if at all, and this one lists entities and jurisdictions on a page anyone can read.
What varies by where you live
Availability of individual services differs sharply by country, and in mid-2026 users in the European Union lost access to new spot orders, deposits, sign-ups and earn products. Our methodology excludes country availability from scoring entirely — a venue is not a worse counterparty because a regulator in one market changed its mind — but it would be useless to omit the fact. Check what is actually offered in your jurisdiction before funding an account.
Who it suits
Binance fits cost-sensitive traders who want depth and the widest asset coverage, and who are comfortable with a group structure spanning many entities and jurisdictions. Readers who want a single, clearly supervised counterparty in their own country will find that easier to establish at Kraken, Coinbase or Bitstamp.
How rivals compare
| Service | Score | Best for | |
|---|---|---|---|
| Kraken | 9.7 | verifiable reserves and EU authorisation | Read → |
Frequently asked
Which regulators has Binance been authorised by?
Its published licence register lists authorisations including Dubai (VARA), Abu Dhabi (ADGM), France, Italy, Spain, Poland, El Salvador and Kazakhstan. The group holding company is incorporated in the Cayman Islands.
Does Binance publish proof of reserves?
Yes — a quarterly Merkle-tree publication that lets a customer verify their own balance was included in the snapshot.
What are Binance's spot trading fees?
0.100% maker and 0.100% taker at the regular tier, falling across nine VIP levels based on 30-day volume and token holdings.
Is Binance available in my country?
Availability varies and changes; in mid-2026 EU users lost access to several products. We do not score country availability, so check the platform's own terms for your jurisdiction.