Exchange data profile
Binance
Global crypto spot exchange with deep liquidity and broad asset coverage
Comprehensive market data, spot trading specifications, fee structures, and regulatory status for Binance.
Visit Website ↗- Spot maker
- 0.10%
- Spot taker
- 0.10%
- Supported coins
- 350+
- Trading pairs
- 1400
Last audited: August 13, 2026
Market overview
- Founded
- 2017
- Headquarters
- Cayman Islands (Global Operations)
- Daily volume tier
- Tier 1 (> $10 Billion)
- Proof of reserves
- Verified
- Reserve audit date
- 2026-07-15
- Audit method
- Third-party cryptographic Merkle tree audit / Self-published reserves
Platform features
- High-depth Spot Order Books
- Instant Convert / Swap
- P2P Fiat Marketplace
- Spot Margin Trading
- Automated Trading Bots (Grid, DCA)
- Public REST & WebSocket APIs
Spot trading fees
| Fee Type | Rate |
|---|---|
| Spot maker fee | 0.10% |
| Spot taker fee | 0.10% |
| BNB / platform discount | 25% discount when using BNB for fees |
| VIP fee tiers | Yes |
| Fiat deposit fee | Varies by payment channel (SEPA, Credit Card, P2P) |
| Fiat withdrawal fee | Varies by region and method |
Security & compliance
- KYC requirement
- Mandatory (Tier 1 & Tier 2 Identity Verification)
- Insurance / reserve fund
- Secure Asset Fund for Users (SAFU) maintained
- VIP fee tiers
- Yes
- Fiat deposit fee
- Varies by payment channel (SEPA, Credit Card, P2P)
- Fiat withdrawal fee
- Varies by region and method
Two-factor authentication
- Google Authenticator
- Passkeys
- SMS / Email
- Hardware Security Key (YubiKey)
Regulatory registrations and licenses
- FCA (Restricted in some capacities)
- VASP registrations in select European and Asian jurisdictions
Highlights and considerations
Highlights
- Industry-leading market liquidity and tight spreads
- Low baseline spot trading fees (0.10%) with BNB discounts
- Extensive selection of 350+ coins and 1,400+ pairs
- Robust API infrastructure for algorithmic and bot traders
Considerations
- Complex interface can present a steep learning curve for absolute novices
- Regulatory availability varies significantly depending on the user's jurisdiction
- Customer service response queues can experience delays during high market volatility
Frequently asked questions
What is the standard spot trading fee on Binance?
Does Binance require identity verification (KYC)?
How does Binance ensure user funds are safe?
What makes Binance suitable for spot traders?
Recommended alternatives
Full review
Binance operates as a premier global cryptocurrency spot exchange, founded in 2017. As an industry leader in daily trading volume and market liquidity, it provides institutional and retail spot traders with deep order books, narrow bid-ask spreads, and a massive selection of over 350 digital assets and 1,400 trading pairs. This technical and market profile outlines its fee schedules, security infrastructure, asset metrics, and regulatory standing as of August 2026.
Spot Market Liquidity & Execution
For spot market participants, liquidity is the primary consideration. Binance consistently records top-tier daily spot volumes, minimizing slippage on large market orders. The platform accommodates retail and high-frequency traders alike through robust API infrastructure, supporting high-throughput matching engines.
Fee Architecture & Discounts
The standard spot trading fee structure is set at a baseline of 0.10% for both makers and takers. Traders can lower these operational costs by holding and utilizing BNB (Binance Coin) to settle fees, or by achieving higher 30-day trading volume thresholds to qualify for VIP tiers.
Security Protocols & Asset Transparency
Security measures include mandatory multi-factor authentication (MFA), withdrawal address whitelisting, anti-phishing codes, and biometric login app protections. Additionally, the platform maintains the Secure Asset Fund for Users (SAFU) as an emergency insurance buffer. Public cryptographic Proof of Reserves (PoR) audits are routinely updated to ensure client asset backing.