Exchange (holds your funds for you)
BinanceA5/5· Lower risk
Facts last reviewed 24 Sept 2026
The world's largest exchange, licensed in Dubai (VARA) and Abu Dhabi (ADGM), with a SAFU fund of ~USD 1 billion. From 1/7/2026 it stopped Earn and new deposits for EU customers as it lacks MiCA authorisation; the US DOJ is investigating (per Bloomberg, no charges yet).
Compare a move (switching cost) →History: published and paid rates, incidents, legal status →Official site ↗
Why this tier
- Meets: Publishes a monthly proof of reserves (Merkle) that users can verify themselves
- Meets: Licensed by a major regulator: Dubai (VARA), Abu Dhabi (ADGM FSRA)
- Meets: Operating since 2017 (9 years)
- Meets: User protection fund: SAFU (~$1B)
- Meets: Users were fully compensated for every known incident
- Note: Bloomberg reported that the US DOJ is investigating Binance over possible Iran sanctions violations; no charges yet.
- Note: EU: no MiCA licence; stopped accepting new customers, deposits and Earn for EU customers (withdrawals remain open).
- Note: Australia: AUSTRAC required Binance Australia to appoint an independent anti-money laundering auditor.
- Note: CoinDesk Data Exchange Benchmark (2026-05): grade AA, score 87.25, ranked 4. For reference only, not part of the risk tier.
Tier history
- 29 Sept 2026A· Lower riskLower risk
Products
| Coin | You earn | Highest rate | Tier | Product | Term | Conditions |
|---|---|---|---|---|---|---|
| USDT | 2.43% | Highest rate2.43% | B2/5· Medium risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| USDC | 4.02% | Highest rate4.02% | A5/5· Lower risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| USD1 | 3.81% | Highest rate3.81% | B2/5· Medium risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| FDUSD | 0.33% | Highest rate0.33% | B3/5· Medium risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| BTC | 0.04% | Highest rate0.27% | A5/5· Lower risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| ETH | 1.90% | Highest rate1.90% | A5/5· Lower risk | Simple Earn Locked 60d | 60 days | |
| ETH | 1.70% | Highest rate1.70% | A5/5· Lower risk | Simple Earn Locked 7d | 7 days | |
| ETH | 1.70% | Highest rate1.70% | A5/5· Lower risk | Simple Earn Locked 90d | 90 days | |
| ETH | 1.30% | Highest rate1.30% | A5/5· Lower risk | Simple Earn Locked 7d | 7 days | |
| ETH | 1.23% | Highest rate1.33% | A5/5· Lower risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| BNB | 0.30% | Highest rate0.30% | B3/4· Medium risk | Simple Earn Locked 90d | 90 days | |
| BNB | 0.30% | Highest rate0.30% | B3/4· Medium risk | Simple Earn Locked 120d | 120 days | |
| BNB | 0.25% | Highest rate0.25% | B3/4· Medium risk | Simple Earn Locked 7d | 7 days | |
| BNB | 0.06% | Highest rate0.17% | B3/4· Medium risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| BNB | Unknown | Highest rate0.30% | B3/4· Medium risk | Simple Earn Locked 7d | 7 days | |
| SOL | 4.30% | Highest rate4.30% | A5/5· Lower risk | Simple Earn Locked 60d | 60 days | |
| SOL | 4.10% | Highest rate4.10% | A5/5· Lower risk | Simple Earn Locked 90d | 90 days | |
| SOL | 3.20% | Highest rate3.20% | A5/5· Lower risk | Simple Earn Locked 7d | 7 days | |
| SOL | 3.00% | Highest rate3.00% | A5/5· Lower risk | Simple Earn Locked 7d | 7 days | |
| SOL | 2.31% | Highest rate2.31% | A5/5· Lower risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| XRP | 0.07% | Highest rate0.07% | B2/4· Medium risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| TRX | 3.16% | Highest rate3.16% | B3/4· Medium risk | Simple Earn Flexible | FlexibleWithdraw any time | |
| TRX | 2.31% | Highest rate2.31% | B3/4· Medium risk | Simple Earn Locked 60d | 60 days | |
| TRX | 2.09% | Highest rate2.09% | B3/4· Medium risk | Simple Earn Locked 7d | 7 days | |
| TRX | 1.98% | Highest rate1.98% | B3/4· Medium risk | Simple Earn Locked 90d | 90 days | |
| TRX | 1.88% | Highest rate1.88% | B3/4· Medium risk | Simple Earn Locked 7d | 7 days | |
| DOGE | 0.07% | Highest rate0.07% | B3/4· Medium risk | Simple Earn Flexible | FlexibleWithdraw any time |
USDT
USDC
BTC
ETH
BNB
SOL
XRP
TRX
DOGETier: A lowest risk, D active incident. The number after the letter is the criteria met.
Legal status by country
Taken from regulators’ registers and notices. A row without a source or a month confirmed says so.
Vietnam
Not licensed · Sept 2026
Binance has not been licensed by the Ministry of Finance under Resolution 05/2025 (it withdrew its community staff in 3/2026); advertising this service is penalised under Decree 284/2026 from 1/9/2026.
Source ↗Europe (EEA)
Does not serve · Sept 2026
Binance is not on ESMA's CASP register (checked against the 24/9/2026 version): it withdrew its MiCA application in Greece on 24/6/2026, stopped new services for EEA customers from 1/7/2026 (withdrawals only), and is seeking a licence through France's AMF.
Source ↗UAE (Dubai)
Licensed · Binance FZE · Sept 2026
Binance FZE holds a VARA VASP licence (VL/24/04/001, 15/4/2024) for Exchange, Broker-Dealer, Lending & Borrowing, Management & Investment.
Source ↗Indonesia
Licensed · PT Aset Digital Berkat (Tokocrypto) · Mar 2026
Binance serves Indonesia via Tokocrypto, an OJK-licensed exchange (S-14/D.07/2025). Global Binance tops the list of 228 unlicensed exchanges shut down by Satgas PASTI (6/2026), so use only tokocrypto.com.
Source ↗Nigeria
Banned · Jul 2026
Nigeria's SEC declared Binance unregistered and its operations in Nigeria illegal; Binance delisted NGN pairs (3/2024) and still faces a case (EFCC) and tax claims.
Source ↗