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Binance review

Updated October 13, 2026 · SumCue Editorial Team

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Our verdict

Binance is a centralised exchange for crypto markets with a custodial mobile wallet and mobile app access. It suits people who want spot activity and derivatives in one place with proof of reserves forming part of the setup for everyday investing decisions.

Key facts

Best for
Mobile crypto trading with custodial storage
Markets
Crypto↗
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↗
Legal entity
Binance Holdings Ltd.↗
Headquarters
United Arab Emirates↗
Founded
2017↗
Support channels
Email, Chat, Help-centre↗
Features
Crypto, Mobile app
Audience
Beginners, Experienced traders
Official website
binance.com

Crypto exchanges

Taker fee
0.1%↗
Coins listed
490↗
Maker fee
0.1%↗
Proof of reserves
Yes↗
Derivatives
Yes↗
Exchange type
Cex↗

Crypto wallets

Wallet type
Mobile↗
Custody
Custodial↗
Coins supported
490↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Elsewhere
WikidataLinkedInWikipedia

Pros

Pros

  • Operates a centralised exchange for crypto markets with custodial mobile storage.
  • Includes derivatives activity alongside spot crypto inside a single mobile app.
  • Maintains a mobile wallet structure with proof of reserves stated for balances.
Binance

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • Traders who want mobile custodial crypto management
  • People who want spot and derivatives in one app

How Binance compares

Frequently asked questions

What products does Binance cover?+

Binance covers crypto markets through a centralised exchange structure. Spot activity sits alongside derivatives within the same arrangement. Access centres on a mobile app connected to a custodial mobile wallet.

Who is Binance for?+

Binance is for people who prefer managing crypto in one mobile app with custody included. Check that centralised custody, derivatives availability and app based management match how you want to invest before choosing.

How does custody work at Binance?+

Binance uses custodial storage, so balances remain held within its exchange wallet structure. The mobile wallet connects to the mobile app for everyday management. Review how access and derivatives permissions work before choosing this setup.

Which regulators oversee Binance?+

Binance is overseen by 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. (Source, checked September 26, 2026)

Which company operates Binance?+

Binance is operated by Binance Holdings Ltd.. (Source, checked September 26, 2026)

Where is Binance based?+

Binance is based in United Arab Emirates. (Source, checked September 26, 2026)

When was Binance founded?+

Binance was founded in 2017. (Source, checked September 26, 2026)

How can I contact Binance support?+

Binance offers support through Email, Chat, Help-centre. (Source, checked September 26, 2026)

Sources

Compiled from 7 source pages, checked October 17, 2026. We did not open an account.

Not confirmed yet: Minimum deposit, Stock trade fee, Account fee, Inactivity fee, Investor protection, Retail accounts that lose money.

Binance

Binance

Mobile crypto trading with custodial storage

9.0/10Visit