Exchanges / Binance
30-second risk check: Binance
Binance Risk Rating, Licences and Safety Review
binance.com · Official site verified ↗Likely contracting entity: Binance Japan Inc.Crypto-asset Exchange Service Provider
Licence status change · Moderate Risk
Is Binance safe? Cexvia rates it Moderate Risk at 71/100.
For Japan users, the mapped entity is Binance Japan Inc. under Crypto-asset Exchange Service Provider. Its strongest area is Asset & solvency transparency; the main observed concern is Regulatory & legal standing.
Evidence for this conclusion ↓Run the 15-point safety checklist ↗Cexvia Exchange Safety RatingA higher score means lower observed risk
Binance71Moderate Risk
Regulato55Security62Corporat64Regulatory & legal standing55Corporate transparency64Asset & solvency transparency85Security & incident history62Operations & user protection84
Binance performs best in Asset & solvency transparency at 85/100. Its main risk is Regulatory & legal standing at 55/100.
- 01
Binance Japan and Binance FZE currently have verifiable local regulatory records. The former Binance France SAS PSAN registration expired in July 2026 and must not be presented as an active licence. Evidence ↓
Selected: JP / Binance Japan Inc. · Verified 2026-07-27
Overall safety score71Moderate Risk
Checks completed5 / 5
Binance Licences and Legal Entities
Which company operates Binance in your region, and what licence does it hold?
The Japan and Dubai entities have current verifiable records. The former French PSAN registration expired on 2 July 2026, so historical and current status must be shown separately.
RegionContracting entityRegulatory recordScopeStatusChecked
What does the licence record actually verify?
- Named legal entity and jurisdiction
- Permitted or registered activities
- Current public-record status at the verification date
Does a licence guarantee that customer funds are safe?
- Protection against all asset loss
- Global coverage for every user or product
- Complete solvency or future regulatory status
Regulatory & legal standingComplete
55score / 100Weight 25% · Confidence 94%
Japan and Dubai records are active. The former French PSAN record expired on 2 July 2026 and cannot be treated as current authorisation.
- Active entities: 2
- Expired records: 1
- France expiry: 2026-07-02
Score contribution0.1 / 25
Why did this area receive this score?
Evidence supporting the scoreActive entities: 2 · Expired records: 1 · France expiry: 2026-07-02
What users should watchJapan and Dubai records are active. The former French PSAN record expired on 2 July 2026 and cannot be treated as current authorisation.
What information is still missing?No material public-information gap currently affects this conclusion.
0 source records · Reviewed 2026-07-27Corporate transparencyPrimary evidence
64score / 100Weight 15% · Confidence 78%
Reserve and regional terms are public, but the group structure is complex and consolidated audited financial statements are not publicly available.
- Reserve disclosure: ongoing
- Regional terms: public
- Consolidated financials: unavailable
Score contribution0.1 / 15
Why did this area receive this score?
Evidence supporting the scoreReserve disclosure: ongoing · Regional terms: public · Consolidated financials: unavailable
What users should watchReserve and regional terms are public, but the group structure is complex and consolidated audited financial statements are not publicly available.
What information is still missing?Primary evidence
0 source records · Reviewed 2026-07-27Asset & solvency transparencyComplete
85score / 100Weight 20% · Confidence 90%
July 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
- BTC: 100.08%
- USDT: 103.49%
- USDC: 108.67%
Score contribution0.2 / 20
Why did this area receive this score?
Evidence supporting the scoreBTC: 100.08% · USDT: 103.49% · USDC: 108.67%
What users should watchJuly 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
What information is still missing?No material public-information gap currently affects this conclusion.
2 source records · Reviewed 2026-07-27Security & incident historyComplete
62score / 100Weight 15% · Confidence 90%
A 2019 hot-wallet breach involved 7,000 BTC. Binance said user losses were covered by SAFU, which was approximately $1 billion in 2026.
- 2019 breach: 7,000 BTC
- Users: covered by SAFU
- 2026 SAFU: about $1B
Score contribution0.1 / 15
Why did this area receive this score?
Evidence supporting the score2019 breach: 7,000 BTC · Users: covered by SAFU · 2026 SAFU: about $1B
What users should watchA 2019 hot-wallet breach involved 7,000 BTC. Binance said user losses were covered by SAFU, which was approximately $1 billion in 2026.
What information is still missing?No material public-information gap currently affects this conclusion.
2 source records · Reviewed 2026-07-27Operations & user protectionPrimary evidence
84score / 100Weight 25% · Confidence 66%
The official system-status API returned normal at the review point. Asset-level maintenance must still be checked individually. Complaint evidence remains limited and is not treated as proof of safety.
- System status: normal
- API status code: 0
- Anonymous reviews: not scored
- Trust Score: 10 / 10
Score contribution0.2 / 25
Why did this area receive this score?
Evidence supporting the scoreSystem status: normal · API status code: 0 · Anonymous reviews: not scored · Trust Score: 10 / 10
What users should watchThe official system-status API returned normal at the review point. Asset-level maintenance must still be checked individually. Complaint evidence remains limited and is not treated as proof of safety.
What information is still missing?Primary evidence
4 source records · Reviewed 2026-07-27Binance Rating Explained
What raises or lowers the Binance rating, and what remains unknown?
Missing information reduces confidence, but Cexvia does not treat an undisclosed fact as proof of wrongdoing.
Main factors in the Binance rating
Asset & solvency transparency
850.2 weightedJuly 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
Operations & user protection
840.2 weightedThe official system-status API returned normal at the review point. Asset-level maintenance must still be checked individually. Complaint evidence remains limited and is not treated as proof of safety.
Corporate transparency
640.1 weightedReserve and regional terms are public, but the group structure is complex and consolidated audited financial statements are not publicly available.
Security & incident history
620.1 weightedA 2019 hot-wallet breach involved 7,000 BTC. Binance said user losses were covered by SAFU, which was approximately $1 billion in 2026.
Regulatory & legal standing
550.1 weightedJapan and Dubai records are active. The former French PSAN record expired on 2 July 2026 and cannot be treated as current authorisation.
What should users verify before deciding?
Corporate transparency
Public evidence for Corporate transparency remains primary evidence, so this conclusion is less certain.
Operations & user protection
Public evidence for Operations & user protection remains primary evidence, so this conclusion is less certain.
Scope limitation
These three records do not establish one global regulatory status for Binance.
Scope limitation
The French record is retained to show a status change, not current authorisation.
Scope limitation
This page is not a complete legal-entity tree for every Binance offshore operation.
On-chain transparency
What can be observed on Binance's public wallets?
Observed assets, stablecoin flows and wallet coverage for publicly identified Binance addresses.
Verified wallet data has not been connected for this exchange yet.
View full on-chain data ↗Binance Security Monitoring
Is Binance affected by outages, hacks, phishing or complaint clusters?
9 risk-signal families tracked · 3 automated or configured · 6 require analyst review
Official service status
Maintenance, wallet and service announcements are monitored; no unified public global status API is claimed.
- Check frequency
- Every 15 minutes + review
- Rating impact
- Eligible after validation
Independent probes
Homepage, public API, DNS and TLS probes are configured.
- Check frequency
- Every 5 minutes
- Rating impact
- Context only
Security incidents
Security, service and remediation announcements are reviewed alongside regulator and law-enforcement records.
- Check frequency
- Daily
- Rating impact
- Eligible after validation
Reserves and wallets
Published proof-of-reserves snapshots and wallet labels are reviewed.
- Check frequency
- On change + weekly review
- Rating impact
- Eligible after validation
Account controls
MFA, passkeys, anti-phishing, address management and API controls are reviewed.
- Check frequency
- On change + weekly review
- Rating impact
- Eligible after validation
Legal and regulatory
Regulatory records are attached to the named Binance entity and jurisdiction.
- Check frequency
- On change + weekly review
- Rating impact
- Eligible after validation
Domain and phishing
Official-domain and certificate baselines are configured.
- Check frequency
- Daily
- Rating impact
- Context only
Vulnerability signals
Potential product and dependency matches are queued for validation.
- Check frequency
- Daily
- Rating impact
- Never scored directly
Verified complaints
Official cases and structured evidence can be attached to the relevant regional entity.
- Check frequency
- On change + weekly review
- Rating impact
- Context only
Binance Safety and Regulatory News
Has Binance reported hacks, withdrawal problems or regulatory action?
highMonitoringRating input -4↗highConfirmedRating input -8↗highHistoricalRating input -6↗
Binance France’s former PSAN registration is no longer active
The former French PSAN record E2022-037 must not be presented as current authorisation.
Binance Holdings pleaded guilty in the U.S. criminal resolution
The U.S. Department of Justice states that Binance Holdings pleaded guilty and agreed to penalties, compliance remediation and an independent monitor.
Binance’s 2019 hot-wallet breach remains part of its security history
The incident involved 7,000 BTC. Binance said affected user losses were covered through SAFU.
Exchange Safety, Reserves and Withdrawals
Is Binance safe? Check its reserves, security incidents and withdrawal risk.
Are reserves transparent and is solvency verifiable?
85/100July 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
- BTC: 100.08%
- USDT: 103.49%
- USDC: 108.67%
Has the exchange suffered hacks or major security incidents?
62/100A 2019 hot-wallet breach involved 7,000 BTC. Binance said user losses were covered by SAFU, which was approximately $1 billion in 2026.
- 2019 breach: 7,000 BTC
- Users: covered by SAFU
- 2026 SAFU: about $1B
Are withdrawals working and are users protected?
84/100The official system-status API returned normal at the review point. Asset-level maintenance must still be checked individually.
- System status: normal
- API status code: 0
- Asset status: check individually
- Anonymous reviews: not scored
- Comparable sample: insufficient
Fund-storage guidance
Limited long-term custody
- How to use it
- Suitable for normal trading with controlled exchange balances.
- Higher-risk use
- Avoid using the exchange as a single long-term custody location.
- Why
- Asset & solvency transparency is the strongest observed area, while Regulatory & legal standing limits a stronger conclusion.
Account, Deposit and Withdrawal Checklist
Opening an account, holding funds or unable to withdraw? Start here.
- 01Verify the official domain and app publisher
- 02Confirm the legal entity named in the account agreement
- 03Check whether the selected product is covered in your region
- 04Start with the minimum deposit
- 05Test one withdrawal
- 06Enable strong account security
- 07Avoid keeping unnecessary long-term balances
Compare Exchange Safety
How does Binance compare with other exchanges on risk and security?
ExchangeRiskScoreRegulatorySecurityConfidence
Before you deposit
Run the safety checklist for Binance
Check the official domain, legal entity, licence, reserves, incident history and your exit route in one interactive worksheet.
FAQ
Questions about Binance
Is Binance safe?
Binance is currently rated Moderate Risk at 71/100. This reflects observed public evidence and is not a guarantee of safety.
Is Binance regulated?
3 legal-entity records are mapped in this Passport. Each record has a jurisdiction-specific status and scope.
Which entity serves the selected region?
Japan: Binance Japan Inc. — Crypto-asset Exchange Service Provider.
Does Binance publish reserve or solvency evidence?
July 2026 disclosures showed key-asset reserve ratios at or above 100% and provided zk-SNARK and Merkle-based user verification.
Should funds be stored on Binance long term?
Limited long-term custody. Suitable for normal trading with controlled exchange balances. Avoid using the exchange as a single long-term custody location.
Binance · Official Records and Verifiable Evidence
Binance licence, reserve, security and operating sources
Open the original records used to check the exchange, including the verification date and the conclusion each source supports.
Regulator · Financial Services Agency of Japan
Tier A↗Registered Crypto-asset Exchange Service Providers
Legal entity, corporate number, registration number, date and address.
Regulator · Virtual Assets Regulatory Authority
Tier A↗VARA Public Register — Binance FZE
Legal entity, licence number, status, issue date and authorised activities.
Regulator · Autorité des marchés financiers
Tier A↗Liste des PSAN radiés
French entity, historical registration number and expiry status dated 2 July 2026.
Platform terms · Binance
Tier B↗Binance Japan
Japan brand site, local entity and registration disclosure.
Regulator · Financial Services Agency of Japan
Tier A↗FSA historical warning — Binance Holdings Limited
Historical evidence used to distinguish the warned entity from the current Japan entity.
Reserve disclosure · Binance
Tier B↗Binance Proof of Reserves
Published reserve or asset-disclosure evidence used in the solvency assessment.
Reserve disclosure · Binance Academy
Tier B↗How Proof of Reserves works on Binance
Published reserve or asset-disclosure evidence used in the solvency assessment.
Security notice · TechCrunch
Tier B↗Binance breach
Published security or incident evidence used in the security assessment.
Security notice · Binance Academy
Tier B↗Secure Asset Fund for Users
Published security or incident evidence used in the security assessment.
System status · Binance
Tier B↗Binance system status API
Official service-status evidence used in the operational assessment.
Evidence coverage · Cexvia methodology
Method↗Cexvia complaint evidence standard
Complaint comparisons use verifiable primary evidence. The current cross-platform sample remains limited.
Market data · CoinGecko
Tier B↗Binance market data
Third-party market-quality data used as a supporting signal.
Market data · CoinGecko
Tier B↗Trust Score methodology
CoinGecko methodology covering liquidity, cybersecurity, API coverage, team and incident signals.
Cexvia ratings reflect observed risk under available public evidence. A higher score means lower observed risk, not guaranteed safety. Coverage, confidence, redlines and score direction are published separately. This page is not investment, legal or custody advice. Commercial relationships do not change scores or suppress verified evidence.