Binance

Binance is the largest ecosystem for cryptocurrency trading. The P2P platform has high liquidity in almost all countries, often by a wide margin over its competitors. It also has a wide range of tools: spot, loans, derivatives, staking, mining pool and more. The exchange is often the first to attract the attention of regulators, due to its industry-leading position.

The commission on the P2P platform depends on fiat currency and crypto. For example, for USD 0.35% and for EUR - 0%. Also on Binance you have the opportunity to get a merchant account. After confirming the status, you will have a reduced commission and an additional account with more in-depth configuration and statistics will be opened.

Right now, there is no RUB on Binance, and new users from Russia cannot verify. If you already have a verified account, you can go through KYC 2 to a foreign address - then you will have access to currencies other than RUB. If you are registering for the first time, however, the platform will prompt you to switch to CommEX.

News of Binance

All news

Total information

OPENING DATE

7/14/2017

STATUS

Available

STATUS ON MONETORY

Connected 5/30/2021

Class

Ecosystem

Type

Custodian

Exchange

Spot trading, Derivatives, Instant exchange

Format

Web, Mobile App

Liquidity

OFFERS ON MONETORY

145,997

Liquidity

High

Popular P2P fiat currencies

KYC and regulation

KYC

Hard

Without (KYC), the functionality of the service will be limited. You cannot trade, create API keys for trading bots, or use the P2P platform for exchanging cryptocurrency for fiat money.

To get the basic level of verification (KYC 1), you need to provide personal details, upload a scan of an ID document and undergo facial recognition. After passing KYC 1, access to trading, API key creation, P2P exchange without restrictions is opened. There is also the possibility of daily withdrawal of up to $50,000 in fiat and up to 8 million BUSD in cryptocurrency.

Verification of the second level (KYC 2) allows you to increase the limit on withdrawal of fiat funds up to $2 million per day.

KYC conditions on Binance

About regulation

Restrictions

Trading on Binance is restricted for users from the United States, Canada, Malaysia, the Netherlands, Cuba, DPRK, Iran, Syria, as well as residents of the Crimean region and any territories of Ukraine not under government control.
Trading is also restricted for citizens of the Russian Federation. New users will not be able to pass verification on the site, and those who already have an account must confirm residence abroad (pass KYC 2 to a foreign address) to gain access to trading.

All restrictions

P2P trading

Coins P2P

Terms and commissions

Currency	Maker	Taker
	0.35%	0.00%
	0.00%	0.00%
	0.10%	0.00%
	0.10%	0.00%
	0.10%	0.00%
	0.15%	0.00%
	0.15%	0.00%
	0.10%	0.00%
	0.10%	0.00%
	0.10%	0.00%

Commissions on Binance

Additional Information

BNB Smart Chain (BEP20), Ethereum (ERC20), Tron (TRC20), EOS, NEAR Protocol, Arbitrum One, AVAX C-Chain, Optimism, Polygon, STATEMINT(Polkadot), Solana, Tezos, Arweave, Acala, Ardor, Cardano, Cosmos, Ambrosus, Terra Classic, APT, Astar Network, Ark, Algorand, Ronin, Avalanche, Fantom, Bitcoin Cash, BitcoinX, BIFROSTKUSAMA, STAKING, Bitcoin, BAND, BTC(SegWit), BitShares, Nervos Network, CELO, CertiK, Cortex, DigiByte, IOST, Polkadot, DOCK, dogecoin, Dash, Decred, AELF, Ethereum Classic, MultiversX eGold, Ethereum (Proof-of-Work), Edgeware, Efinity, Flow, NEO N3 Neo Legacy, Firo, Fetch.ai, FIO Protocol, Filecoin, Groestlcoin, Moonbeam, KAVA, Hedera Hashgraph, HIVE, IoTeX, IRISnet, MIOTA, Internet Computer, ICON, Injective Protocol, Klaytn, Kadena Kadena, Komodo, Kusama, Terra, Lisk, Litecoin, LTO Network, Mina, Ontology, MobileCoin, Moonriver, Waves, Neo Legacy NEO N3, Nuls, Osmosis, Harmony, PIVX, POLYX, Parallel Finance, Qtum, RSK, Oasis Network, REI Network, Reef, THORChain, Ravencoin, Songbird, Secret, SBTC, Steem, Stacks, Siacoin, Syscoin, Theta Token, Stratis, TomoChain, VITE, Stellar Network, VeChain, Walton, Wanchain, WAX, Ripple, NANO, Verge, Symbol, eCash, Monero, NEM, Horizen, Zcash, Zilliqa, BNB Beacon Chain (BEP2), Chiliz Chain (CHZ)