Binance: review, MiCA, reserves and score (2026)
Binance is a crypto exchange. It is based in Cayman Islands and was founded in 2017. As of 7/3/2026 it is not in the ESMA register (MiCA). Its charliedesk score is 76 out of 100. Exchange reserves: $120.0B.
Key facts
- Founded
- 2017
- HQ
- Cayman Islands
- MiCA / CASP
- Not in register · 7/3/2026
- Ranking (CoinGecko)
- #2
- 24h volume
- $15.0B
- Open interest
- $21.2B
- Reserves
- $120.0B
- Fees (spot maker/taker)
- 0.1% / 0.1%(base tier)
- KYC
- Required
- Fiat deposit
- SEPA, Card
Fees, KYC and fiat curated by charliedesk (base tier, verified 7/3/2026). Check current rates on the exchange.
Objective composite: trust (35%), liquidity (25%), MiCA/regulation (25%) and age (15%). Unknown factors (e.g. unverified MiCA) are dropped and weights renormalised. No community votes, no paid placement.
As of 7/3/2026 we did not find this exchange in the ESMA register as an authorised provider (CASP). That does not automatically mean it operates illegally, only that we have not confirmed a full MiCA licence.
Security & incidents
Curated by charliedesk from public sources. Amounts are the value at the time of the incident. Each entry links to its source.
About the exchange
One of the world’s largest cryptocurrency exchanges by trading volume, offering a wide range of services including spot, futures, and staking options.
Description: CoinGecko
Derivatives & reserves
Derivatives (OI, liquidations, volume) are an aggregate across BTC, ETH and SOL. Source: Coinglass via syndicate · updated 8/25/26, 9:52 AM
Community rating
Ratings from readers' own experience. Votes weighted by account age, no rewards, kept separate from affiliate links.
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Anti-shill: 1 account = 1 vote, votes weighted by account age, suspicious reviews can be reported. No paid placement.
FAQ
Is Binance licensed in the EU (MiCA)?
As of 7/3/2026 we did not find Binance in the ESMA register as an authorised provider (CASP). That does not mean it operates illegally, only that we have not confirmed a full MiCA licence.
Is Binance safe and trustworthy?
Binance's charliedesk score is 76/100 (trust, liquidity, MiCA and age). We show verifiable facts with sources and never advise what to buy, the decision is yours.
Has Binance ever been hacked?
Yes, Binance has a security incident on our record (2019, Hack). Details and the source are in the Security & incidents section.
Where is Binance based and when was it founded?
Binance is based in Cayman Islands and was founded in 2017.
What are Binance's reserves?
Binance's reserves are $120.0B (Coinglass via syndicate, as of 7/3/2026).
What are Binance's fees?
Binance's base spot fees: maker 0.1%, taker 0.1%. Check current rates and discounts on the exchange.
Does Binance require verification (KYC)?
Yes, Binance requires identity verification (KYC).