Is Binance a Scam?

binance.comProceed with Caution

Risk Assessment

45%Risk Score

Medium Risk

Summary

Binance is the world's largest cryptocurrency exchange. While real, it has faced serious regulatory issues including a $4.3B US settlement in 2023.

Binance is NOT a scam - it's the world's largest exchange. However, it has serious regulatory issues. US users should use Binance.US instead.

Trust Indicators

Largest crypto exchange by volume[source]
Over 150 million users[source]
SAFU emergency fund for users[source]

Concerns

$4.3B US DOJ/FinCEN settlement (2023)high[source]
Founder CZ pled guilty to AML violationshigh[source]
Not available to US residentsmedium[source]

BBB Rating

Trustpilot

1.8/5

💡 Recommendations

1.US users: use Binance.US, not Binance.com
2.Enable all security features
3.Don't keep large amounts on any exchange
4.Consider self-custody for long-term holdings

📚 Sources

DOJ Press Release - $4.3B Settlement Treasury/FinCEN Settlement SEC Lawsuit Against Binance CoinMarketCap Exchange Rankings Trustpilot Reviews

Last updated: 2026-01-22

Disclaimer: This analysis is for informational purposes only. Information may be incomplete, outdated, or inaccurate. Our assessments should not be the sole basis for financial, legal, or personal decisions. Always conduct your own research and due diligence.

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