Is Binance custodial? Who holds your funds?
Yes. Binance is custodial: the venue holds your funds on your behalf.
Checked 2026-10-27 · 3 sources- Exchange balances are held by Binance. Under the current Terms of Use, custody is provided by Nest Clearing and Custody Limited, an FSRA-regulated ADGM entity, and assets may be held in jurisdictions outside the ADGM.
- With a custodial venue you rely on it to stay solvent and to honour withdrawals.
- We list 5 reported incidents for Binance on its legit check.
Sources: Binance Terms of Use (ADGM entities, effective 2026-07-21): eligibility, identity verification, withdrawals · Binance - FAQ on Referral Pro mode (commission tiers, binding rules) · Binance - FAQ on Referral Lite mode (trading fee rebate vouchers). The venue's own page wins if it disagrees with ours.
Binance
Exchange · 0.2% round trip. Binance is a centralised crypto exchange founded in 2017 by Changpeng Zhao, now run under Abu Dhabi (ADGM) entities regulated by the FSRA. It offers spot, margin, futures, options, earn products and P2P. Regular users pay 0.10% spot maker and taker (0.075% when paying fees in BNB) and 0.02%/0.05% on USDT-margined futures. It does not serve the US, Canada or the Netherlands; Binance.US is a separate company.
Full Binance sheet: fees, custody, incidents →