Binance review
Updated October 13, 2026 · HodlCue Editorial Team
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Our verdict
Binance operates as a centralized exchange with derivatives activity and published proof of reserves for custody clarity. Traders who prefer centralized custody with derivatives access in one venue may find its combined structure aligns with their approach to managing activity.
Key facts
Crypto exchanges
- Taker fee
- 0.1%↗
- Coins listed
- 490↗
- Regulators
- Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB), Banco de Espana, Australian Securities and Investments Commission (ASIC), Thailand Ministry of Finance↗
- Maker fee
- 0.1%↗
- Proof of reserves
- Yes↗
- Derivatives
- Yes↗
- Exchange type
- Cex↗
Facts checked October 17, 2026, 6 sources
Apps and profiles
- Elsewhere
- Wikidata
Pros
Pros
- Centralized exchange venue with derivatives activity under one roof
- Published proof of reserves gives clarity around held balances
Who it suits
- Traders seeking centralized custody and derivatives access
- Holders who value published proof of reserves
How Binance compares
Binance vs COCA Card8.5 vs 9.4
8.5 vs 9.0
8.5 vs 8.2
8.5 vs 9.5
8.5 vs 9.6
8.5 vs 9.0
Binance vs Bitpanda8.5 vs 9.1
8.5 vs 8.9
8.5 vs 8.1
8.5 vs 8.2
8.5 vs 9.5
Binance vs Kraken8.5 vs 9.4
Binance vs Wirex8.5 vs 9.2
8.5 vs 9.1
8.5 vs 9.0
8.5 vs 8.9- 8.5 vs 8.8
8.5 vs 8.8
8.5 vs 8.6
8.5 vs 8.5
8.5 vs 8.3
Frequently asked questions
What does Binance cover as an exchange?+
Binance operates as a centralized exchange with derivatives activity under the same structure. Custody and order matching rest with the venue rather than self managed wallets. Published proof of reserves provides an extra custody signal for review.
How do derivatives fit within this service?+
Derivatives activity sits alongside spot style trading within the centralized venue. Positions and balances remain under venue custody throughout the process. Those interested should review structure and custody before deciding on use.
Who may prefer this centralized setup?+
The setup suits those who prefer centralized custody with derivatives access in one place. Published proof of reserves helps those holders assess custody transparency. Careful review of structure and custody remains important before choosing.
What currency conversion fee does Binance charge?+
The currency conversion fee at Binance is 2%. (Source, checked October 17, 2026)
Which company operates Binance?+
Binance is operated by Binance Holdings Ltd.. (Source, checked September 26, 2026)
When was Binance founded?+
Binance was founded in 2017. (Source, checked September 26, 2026)
Sources
- cryptocardhub.com/card/binance-card checked October 17, 2026
Backs: Cashback rate
“Cashback: 1.5%–3% paid in BRL; 500 BRL monthly cap at the top tier”
- spendnode.io/crypto-cards/binance checked October 17, 2026
Backs: Currency conversion fee, Card type, Card network, Custody
“a 2% FX fee on top of Mastercard fees”
- defillama.com/cex/binance-cex checked September 26, 2026
Backs: Proof of reserves
“slug=binance-cex; category=CEX; tvl=179331188370.7144”
- coingecko.com/en/exchanges/binance checked September 26, 2026
Backs: Founded, Exchange type, Features, Coins listed
“year_established=2017”
- coinmarketcap.com/exchanges/binance checked September 26, 2026
Backs: Derivatives, Maker fee, Taker fee
“Binance offers both margin trading and derivatives with flexible leverage.”
- en.wikipedia.org/wiki/Binance checked September 26, 2026
Backs: Legal entity, Regulators
“Binance Holdings Ltd., branded Binance, is the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies.”
Compiled from 6 source pages, checked October 17, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Free ATM withdrawals, Protection.