Does Binance require KYC?
Yes. Binance requires identity verification (KYC).
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.
- Requirements can vary by country and by withdrawal or deposit limits.
- Binance's List of Prohibited Countries (updated 2026-01-05) bars anyone located in, resident of, a citizen of, or operating in the United States, plus residents of Canada, the Netherlands, Cuba, North Korea, Iran, Crimea and the…
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.
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