Binance

Binance Overview

Binance is a centralised cryptocurrency exchange launched in July 2017. It provides spot trading alongside margin, USDⓈ-M and COIN-M futures, options, copy trading, P2P trading, Convert, trading bots, and other crypto services. Binance also provides REST and WebSocket APIs for products including spot, futures, margin, options, wallets, and copy trading. Product availability depends on the user's country and applicable Binance entity.

A significant regulatory change took effect on 5 January 2026. The global Binance.com platform moved to an Abu Dhabi Global Market structure supervised by the ADGM Financial Services Regulatory Authority. Nest Exchange Limited operates exchange activities including spot and derivatives; Nest Clearing and Custody Limited handles clearing, settlement and custody; and Nest Trading Limited provides broker-dealer and certain off-exchange services. Binance also maintains separate licences, registrations and entities in several other jurisdictions. The protection and products available to a client therefore depend on the relevant legal entity, country and service.

For regular spot users, Binance's current base fee is generally 0.10% maker and 0.10% taker. The fee can be reduced through VIP levels, eligible pair-specific pricing, and BNB fee discounts. Binance's current spot schedule shows a 25% BNB fee reduction for standard spot fees, which can reduce a 0.10% fee to 0.075% where the discount applies. Futures, options, and promotional pairs use separate fee schedules.

Binance requires identity verification for new users before they can access services such as crypto deposits and trading. Its official applications are available for iOS and Android, with desktop software also available. Binance supports technical charts and indicators through its trading interface, API access, and both spot and futures demo trading.

Binance publishes Proof of Reserves using mechanisms including Merkle trees and zk-SNARKs. It also supports account security features such as two-factor authentication, passkeys, hardware security keys, anti-phishing codes, and withdrawal-address whitelisting. Proof of Reserves and Binance's SAFU emergency fund should not be described as bank deposit insurance or a guarantee against loss.

Through HighFxRebates, eligible Binance clients receive 10% of eligible commissions actually paid and reported by Binance.

How to Get Binance Rebates with HighFxRebates

• Create or log in to your HighFxRebates account and select Binance from the HFR crypto exchange list.
• Use the Binance referral link provided by HFR to open the Binance registration page. Register through that link rather than registering independently.
• Complete the required Binance identity verification. Binance currently requires new users to complete verification to access products including cryptocurrency deposits and trading.
• After registration, submit your Binance UID to HighFxRebates where requested. HFR must be able to confirm that the account is correctly attributed to its Binance partner arrangement.
• Wait until the account is confirmed for cashback before relying on rebate tracking. Cashback is not automatically retroactive to trading completed before successful attribution or approval.

Once approved, eligible trading activity can generate 10% HFR cashback on qualifying commissions actually paid and reported by Binance. Eligible cashback is paid daily directly to the Binance account.

Regional and affiliate restrictions apply.

Already Have a Binance Account?

• First, contact Binance support or Live Chat and request that your account be placed under our Referral ID.
• Our Referral ID: HFREBATES
• If their rules do not allow this, we suggest you click the link below to open a new account.
• Login/sign up for HighFxRebates and add your Binance account to your HFR account.

• What is Binance cashback?
  Binance cashback through HighFxRebates returns 10% of eligible commissions actually paid and reported by Binance. It is a partial return of an eligible trading cost, not trading income or protection against losses.
• How does the 10 percent Binance cashback rebate work and how is it credited?
  The 10% Binance cashback is based on commissions paid per trade. A trader registering through the referral link earns 10% of the fee paid back as a rebate, credited daily directly to the Binance account. For example, a $10 commission on a trade returns $1 as cashback. The rebate applies across spot, futures, and margin trading without changing the underlying trading conditions.
• What is the HFR Binance cashback rate?
  The HFR rate is 10% of eligible commissions paid.
• How do new users register for Binance cashback?
  Create an HFR account, use the Binance referral link provided by HFR, register and verify the Binance account, submit the Binance UID where requested, and wait for HFR confirmation before relying on cashback tracking.
• Can existing Binance clients receive HFR cashback?
  Subject to HFR/Binance confirmation. Existing-account transfer or relinking has not been confirmed from the information supplied. HFR should review the user's Binance UID before making an eligibility decision.
• Which Binance products qualify for HFR cashback?
  TBD – HFR confirmation required. The 10% rate is confirmed, but the exact eligible product list has not been supplied. Do not assume that Spot, Futures, Margin, Options, Copy Trading and other products all qualify.
• Which fees are excluded?
  Funding payments, borrowing interest, withdrawal and deposit charges, gas/network fees, liquidation losses, card-processing charges, spreads, slippage and third-party fees should be treated as excluded unless HFR receives specific confirmation that they qualify.
• When and where is Binance cashback paid?
  Eligible Binance cashback is paid daily directly to the client's Binance account. It is not first credited to the HFR withdrawal balance.
• Does cashback change Binance trading conditions?
  HFR cashback does not itself change Binance's execution, leverage, or market risk. Binance's own VIP level, BNB discount, promotions, account status, and product rules can still affect the fee charged.
• Can Binance cashback stack with VIP or BNB discounts?
  Do not guarantee stacking. Where Binance permits the combination and reports the activity as eligible, HFR cashback is calculated from the eligible commission actually paid after the relevant fee reduction.
• What happens during a zero-fee Binance campaign?
  If no eligible trading commission is charged, there is normally no commission from which to calculate the 10% cashback.
• Can Binance change its referral and cashback rules?
  Yes. Binance can change affiliate eligibility, fee schedules, product availability and regional restrictions. HFR cashback remains subject to the current HFR–Binance partner arrangement.

• What is Binance?
  Binance is a centralised cryptocurrency exchange launched in 2017. Its services include spot, margin and derivatives trading, P2P, Convert, copy trading, trading bots and other digital-asset products. Availability varies by region.
• Where is Binance based?
  Binance operates internationally. Since 5 January 2026, the global Binance.com platform has operated through three regulated entities within Abu Dhabi Global Market in the United Arab Emirates. Binance also maintains separate regional entities in various countries.
• When was Binance founded?
  Binance was launched in July 2017.
• Is Binance regulated? 
  Binance operates under regulatory licenses in certain jurisdictions, including the Japan FSA and Kazakhstan AIFC, but does not hold a single global license. Access is restricted in Canada, Singapore, the United Kingdom, and the United States, among others. The regulatory status varies significantly by country, and traders in restricted jurisdictions are required to use locally compliant alternatives.
• What is the Binance SAFU fund and how does it protect traders in the event of a security breach?
  The Secure Asset Fund for Users is a reserve fund Binance set aside to cover potential losses from security incidents. In 2019, Binance used the SAFU to reimburse the $40 million lost in a hack, covering all affected users in full. The fund is maintained as a percentage of trading fee revenue and functions as an emergency insurance pool, though it does not guarantee coverage of all possible future loss scenarios.
• Is KYC required?
  Yes. Binance states that all new users must complete its Verified identity-verification level to access products and services, including cryptocurrency deposits and trading.
• How can funds be deposited and withdrawn?
  Binance supports direct crypto deposits and withdrawals. Depending on location, users may also have access to bank transfers, card purchases, fiat deposits/withdrawals, and P2P methods. Availability depends on country, currency, and payment provider.
• What is the standard trading fee at Binance and how can it be reduced?
  Binance charges a standard trading fee of 0.1% per trade on spot markets. This can be reduced to 0.075% by paying fees using BNB, Binance's native token. Further reductions are available through the VIP tier system, which applies to traders with high monthly volumes. Futures fees are lower, starting at 0.02% for maker and 0.04% for taker orders at the base tier.
• What products can be traded
  Binance supports spot, margin, USDⓈ-M futures, COIN-M futures, options, and other products. Its current API catalogue also covers products such as Convert, Portfolio Margin, copy trading and Alpha trading. Product availability depends on location.
• Is margin or leverage available?
  Yes. Binance supports margin trading and leveraged futures. Maximum futures leverage depends on the contract, position size, account status, and applicable restrictions. Futures accounts opened by regular users are currently limited to a maximum of 20x during their first 30 days before higher permitted levels are gradually made available.
• Does Binance offer copy trading?
  Yes. Binance supports copy trading, including futures copy trading. Trading fees for copied trades follow the applicable Binance account fee level. Availability can vary by region.
• Does Binance offer social trading?
  Binance provides Binance Square as a social/community content feature and separately provides Copy Trading. Do not treat Binance Square and Copy Trading as the same product.
• Does Binance provide API access?
  Yes. Binance provides REST, WebSocket, and market-stream APIs across spot, futures, options, margin, wallets, and many other products.
• Does Binance offer demo trading?
  Yes. Binance provides Demo Trading using virtual funds for Spot, USDⓈ-M Futures and COIN-M Futures. Demo results do not represent live trading performance.
• What security features are available?
  Binance supports 2FA, authenticator applications, hardware security keys, passkeys, anti-phishing codes, device monitoring, and withdrawal-address whitelisting, among other account controls.
• Does Binance publish Proof of Reserves?
  Yes. Binance publishes a Proof of Reserves system covering supported assets and provides mechanisms for users to verify inclusion of their balances using Merkle-tree and zk-SNARK-based verification. Proof of Reserves is not deposit insurance.
• What customer support is available?
  Binance provides a support centre, self-service tools and 24/7 chat support. Its About page states that customer support is available in 40 languages.
• Which countries are restricted?
  Binance service availability varies by product, legal entity, and country. Recent 2026 spot notices, for example, have restricted particular trading pairs for residents of Canada, Cuba, Crimea, Iran, North Korea, Syria, the United States, and certain areas of Ukraine, among other product-specific restrictions. Eligibility should therefore be checked before registration or trading.