Global Cryptocurrency Exchange BINANCE Reliability

Cryptocurrency Company

BINANCE is the most famous cryptocurrency exchange that currently exists. BINANCE supports 125 times leverage, and since it is an exchange without margin, there is no risk of carrying debt. Born in China in July 2017, more than 6 million people have registered with BINANCE in just half a year. Transaction fees are also low and are popular. With over 200 stocks available, it can be said that traders will not be in trouble. BINANCE is very convenient because you can trade on both the PC site and the smartphone app.


Company information

Binance is a cryptocurrency brand operated by Binance Holdings. Ltd. The cryptocurrency trading service will be available in 2017, and it is still an emerging company.

Company NameBinance Holdings. Ltd. 
Headquarters locationUnpublished
Business start date2017
number of employees2000


A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is BINANCE licensed?

Company NameAcquisition license
Binance Financial Services Agency of Canada (MSB)
Binance Central Bank of Bahrain (CBB)

Whether or not withdrawal is refused

It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about Binance, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.

Case studyContents
Withdrawal information errorYou cannot withdraw if the withdrawal destination is incorrect.
Under maintenanceWithdrawals may be delayed during system maintenance.
Hacking caseMay 8, 2019 BINANCE has leaked 4.5 billion yen worth of hacking incidents. At this time, deposits and withdrawals stopped for about a week.
User information leak caseInformation on users registered in BINANCE in 2019 leaked about 10,000. There is an incident that requires a ransom. At this time, the management side became dysfunctional, so we made up for the user.