Binance

⚠️ Mixed
Crypto Exchange · Founded 2017

Binance is the world's largest cryptocurrency exchange by trading volume. It has faced significant regulatory scrutiny in multiple countries and its founder pled guilty to US federal charges in 2023.

Trust Score
5
out of 10

Our Verdict

Binance operates a real exchange but has paid $4.3B in US penalties. It is not available to US users through binance.com (use Binance.US). Regulatory concerns are real, and impersonation scams are rampant.

This company is real but has significant concerns — regulatory issues, quality problems, or other risk factors.

⚠️ Scam Warning

While Binance operates a legitimate exchange, it has faced major regulatory penalties, was banned in multiple countries, and its founder pled guilty to money laundering violations. It is also heavily impersonated by scammers.

🚨 Known Scams Using Binance's Name

  • Fake Binance support agents on Telegram and social media
  • Phishing sites with domain names like binance-exchange.com
  • Fake Binance token listing announcements in crypto groups
  • Impersonator accounts posing as CZ (Binance CEO)

🚩 Red Flags to Watch For

Binance support contacting you via Telegram or WhatsApp
Requests to move funds to an "official Binance wallet"
Claims that your Binance account requires "verification" via external link

📋 Report a Scam Involving Binance

If you've encountered a scam using Binance's name, report it to help protect others.

Related: Other Crypto Exchange Companies