Binance P2P review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Binance P2P suits traders who want a wide coin list at a low taker fee and will hold a custodial wallet. Fees of 0.1% sit under the 0.25% site median, though proof of reserves and a spread of regulators leave some account holders uneasy.
Key facts
- Best for
- Low cost crypto trading on a mobile custodial wallet with a deep coin list.
- 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↗
- Legal entity
- Binance Holdings Ltd.↗
- Headquarters
- United Arab Emirates↗
- Founded
- 2017↗
- Support channels
- Email, Chat, Help-centre↗
- Features
- Staking
- Official website
- p2p.binance.com
Crypto wallets
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Elsewhere
- Wikidata
Pros and cons
Pros
- Taker and maker fees of 0.1% and 0.1% sit below the 0.25% site median
- Lists 490 coins, ahead of the 71.5 site median
- Derivatives and staking are available on a custodial mobile wallet
- Proof of reserves is published, alongside licences from Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB) and Banco de Espana
Cons
- Custody is custodial, so assets sit with the exchange rather than in your own keys
- Support runs on email, chat and help centre only, and a phone line is not among its support channels
- Regulators cover Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB) and Banco de Espana, so UK holders are not covered by a listed licence
Who it suits
- Traders buying and selling frequently who care about taker fees
- Anyone who wants a long coin list in one custodial app
- Mobile first users who want chat support alongside a help centre
Who should look elsewhere
- Anyone who wants to hold their own keys, since custody is custodial
- eToro users after a broader retail platform for equities alongside crypto
Where it sits among rivals
On coins listed, Binance P2P ranks 27 of 176 brands with 490 coins available. On taker fee the rank is 34 of 121, a long way ahead of the 0.25% site median. The result is an exchange near the cheap end on cost and well above the middle on range.
Fees and currency costs
Trading costs are charged on both sides of a trade: taker fees of 0.1% and maker fees of 0.1%. Those rates sit below the 0.25% median taker fee across the site and inside the 0.1% to 0.6% band. No account or annual fee is listed for the exchange itself.
How Binance P2P compares
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.4
9.3 vs 9.4
9.3 vs 8.5
Binance P2P vs ActivTrades9.3 vs 9.4
9.3 vs 8.7
9.3 vs 9.2Taker fee of 1% is steeper, with equities and derivatives in the same app.
9.3 vs 8.7
9.3 vs 9.3
9.3 vs 9.0
9.3 vs 9.0
Binance P2P vs Gemini9.3 vs 9.0
9.3 vs 9.2
9.3 vs 9.0
9.3 vs 8.6
9.3 vs 8.5
9.3 vs 8.3
9.3 vs 9.4
9.3 vs 9.4
9.3 vs 9.3
9.3 vs 9.3
9.3 vs 9.3
9.3 vs 9.3
9.3 vs 9.3
9.3 vs 9.3
Binance P2P vs kraken9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 8.6
9.3 vs 8.5
9.3 vs 8.4- 9.3 vs 8.0
Where Binance P2P is available
- Available
- Everywhere except Belgium, Canada, Cuba, United Kingdom, India, Iran, North Korea, Nigeria, Netherlands, Philippines, Russia, United States
- Licence in France
- Autorite des marches financiers (AMF), checked September 26, 2026
- Licence in Italy
- Commissione Nazionale per le Societa e la Borsa (CONSOB), checked September 26, 2026
- Licence in Spain
- Banco de Espana, checked September 26, 2026
- Licence in Australia
- Australian Securities and Investments Commission (ASIC), checked September 26, 2026
- Licence in Thailand
- Thailand Ministry of Finance, checked September 26, 2026
Frequently asked questions
What are the trading fees at Binance P2P?+
Taker fees are 0.1% and maker fees are 0.1%, charged on the standard exchange account. The site median taker fee is 0.25%, so costs sit at the lower end of the range. No account fee is listed.
Which regulators licence Binance P2P?+
The exchange lists Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB) and Banco de Espana among its regulators. Those registrations cover France, Italy, Spain, Australia and Thailand, so users in other markets should check their local position. Licence coverage is therefore partial.
Who holds the crypto on the account?+
Custody is custodial, meaning assets sit with the exchange rather than in a wallet you control. The wallet itself is mobile. Proof of reserves is published, which is a transparency step but not the same as holding keys.
How many coins can I trade?+
The exchange lists 490 coins, well above the 71.5 median across the site. It ranks 27 of 176 brands on this measure, making it one of the longer lists available.
Can I earn on crypto while I hold it?+
Staking is listed among the exchange features, and derivatives are also available. Both add ways to use the balance beyond simple trading. Returns on those products carry their own risk and are separate from the trading fee.
What support can I reach?+
Support runs on email, chat and help centre. Chat suits quick questions on an order, and the help centre covers common issues, while email works for records. A phone line is not among its support channels, so urgent problems are handled in writing.
Is Binance P2P regulated and safe to use?+
Regulators listed include Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB) and Banco de Espana, so the exchange is registered in several markets. Proof of reserves is published, giving some view of holdings. Registration in a few countries does not mean supervision everywhere.
Sources
- 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, Coins supported, 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, Licences
“Binance Holdings Ltd., branded Binance, is the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies.”
- play.google.com/store/apps/details checked September 26, 2026
Backs: Custody, Headquarters, Support channels, Wallet type
“user assets held 1:1, the Secure Asset Fund for Users (SAFU)”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Fiat deposit methods.