Binance Wallet
Binance Wallet is a self-custody wallet inside the Binance app, with cross-chain swap, a bridge and the Binance Alpha token feed. A verified Binance account is required to use swap, and the FAQ lists network fees but no separate swap service fee.
Cost: Binance's swap FAQ lists network fees on swaps and token approvals but no separate service fee, and says the app shows the rate, slippage and fees before you confirm. A 2025 zero-fee promotion has ended. Failed swaps still cost the network fee.
Checked 2026-10-17 · sources below- Round trip fee
- — buy + sell, platform fee
- $1,000 buy + sell
- — before network + pool fees
- US availability
- Unverified UK: unverified · EU: partly available
- Custody
- non-custodial
- KYC
- required
- Platforms
- ios, android
- Launched
- —
Users paid Binance Wallet about $1.3M in fees in the 30 days to 2026-10-17 (DefiLlama) — a rough measure of how much it is actually used.
Best for: Binance users who want in-app on-chain swaps across BNB Chain and other EVM networks with exchange-style onboarding.
Binance Wallet fees
| Fee | Type | Rate | Applies to | Note |
|---|---|---|---|---|
| Swap service fee | platform | — | Buy and sell | Not stated in Binance's swap FAQ; the swap screen shows the fee before confirming. A 2025 zero-fee promotion has ended. |
| Network fee | network | — | Buy and sell | Charged on each swap and on token approvals; not refunded if the swap fails. |
Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.
Is Binance Wallet legit?
Binance's swap FAQ describes the product as a self-custody wallet provided by Binance Barbados Limited. Press describes a keyless address option that requires a backup.
We found no reported hacks or fund losses in the sources we checked. That is not a guarantee.
Where Binance Wallet is available
| Region | Status |
|---|---|
| United States | Unverified |
| United Kingdom | Unverified |
| European Union | Partly available |
The swap FAQ says a verified Binance account is required and lists no supported countries. For EEA users, MiCA restrictions apply to unauthorised stablecoins. It also says Binance Wallet is not supervised by the FSRA or any other regulator. (source)
We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.
Pros and cons
Pros
- Swap shows rate, slippage and fees before confirmation.
- Self-custody wallet, per Binance's FAQ.
- DefiLlama tracks about $1.35M in 30-day fees on Binance Alpha across eleven networks.
Cons
- A verified Binance account is required to use swap.
- Failed swaps still cost the network fee.
- The swap service fee is not stated in the official FAQ.
- Not supervised by the FSRA or any other regulator, per Binance's own disclaimer.
Features
swapbridgetoken feedmulti-chainself-custodydapp browser
Alternatives to Binance Wallet
Rabby
EVM users who want pre-signing transaction simulation and approval controls, with low-fee in-wallet swaps across many chains.
0.5%Round trip
Trust Wallet
Mobile-first users who hold assets across many chains (100+) and want in-app swaps, staking and perps in one self-custodial wallet.
1.4%Round trip
Phantom
Solana-first users who want one self-custodial app for swaps, cross-chain swaps, Hyperliquid perps and predictions.
1.7%Round trip
Backpack
Solana and EVM users who want a self-custodial wallet tied to the Backpack/Mad Lads ecosystem and an optional regulated exchange.
1.7%Round trip
Where Binance Wallet ranks
- #5 in Best crypto wallets for memecoinsof 10
- #5 in Best non-custodial crypto walletsof 10
- #5 in Best crypto wallets for iPhoneof 10
- #6 in Wallets with the lowest swap feesof 10
- #7 in Best memecoin trading appsof 10
- #9 in Best crypto wallets for beginnersof 10
Binance Wallet FAQ
Is Binance Wallet legit?
Binance Wallet is a product of Binance, provided by Binance Barbados Limited. The company says it is self-custody and that it is not supervised by the FSRA or any other regulatory authority. Using swap requires a verified Binance account.
What are Binance Wallet's fees?
The official swap FAQ lists network fees on swaps and approvals and does not state a service fee. The swap screen shows rate, slippage and fees before you confirm. A 2025 zero-fee promotion has ended.
What is Binance Alpha?
Binance Alpha is the token discovery and trading feature within Binance Wallet. DefiLlama tracks its fees as paid by users trading via the Binance Alpha app, collected by Binance.
Does Binance Wallet require KYC?
Its swap FAQ says a verified Binance account is required to use swap, which means completing Binance's identity checks.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Binance Support: What Is Binance Wallet Swap? — checked 2026-10-17
- crypto.news: Binance Wallet fee-free swaps — checked 2026-10-17
- Crypto Times: Binance Wallet zero trading fee — checked 2026-10-17
- DefiLlama Binance Alpha fees — checked 2026-10-17