FAQ
Questions about Binance
Find the answers to the most frequently asked questions about Binance
Is Binance Safe
Yes, Binance has implemented multiple security measures to protect user accounts and funds, including two-factor authentication (2FA), anti-phishing codes, and a Secure Asset Fund for Users (SAFU) to cover certain losses. However, users are encouraged to maintain good personal security practices, as no exchange can eliminate all risks.
Is Binance regulated
Binance operates in compliance with local regulations in various jurisdictions and has acquired licenses in certain countries, although it may not be regulated in all regions. Binance regularly adapts to global regulatory requirements, but specific details on regulation vary by country.
Is Binance legal in Thailand?
Binance is currently accessible to Thailand residents, though there are restrictions on certain services due to regulatory changes. As regulations evolve, users should consult Binance’s updates and Thailand’s financial regulatory guidelines.
Is Binance banned in Thailand?
Binance is not banned in Thailand; however, specific features, like futures and options trading, have been restricted due to Thailand's regulatory stance on high-risk financial products. Users in Thailand may still access basic cryptocurrency trading services.
Is Binance available in Thailand?
Yes, Binance is available in Thailand with certain service limitations. Users can access spot trading and other basic services, but higher-risk products, like derivatives, are restricted following local regulatory guidance.
Is Binance allowed in Thailand?
Binance is allowed in Thailand for select services, although regulatory authorities closely monitor the crypto sector. Binance has adjusted its offerings in Thailand to comply with these regulations, particularly around derivative products.
Does Binance have it's own token?
Yes, Binance has its own token, called Binance Coin (BNB). BNB is used within the Binance ecosystem for trading fee discounts, transaction fees, and other platform utilities. BNB is also supported on Binance Chain and Binance Smart Chain.
What does binance charge per trade
Binance’s standard spot trading fee is 0.1% per trade, which can be further reduced by holding and using BNB tokens to pay fees. Trading fees may vary based on the user's 30-day trading volume and BNB balance, with fee reductions available for high-volume traders.
is Binance free?
No, Binance is not entirely free. There are fees for trading, deposits, and withdrawals. While deposits are free for most cryptocurrencies, trading incurs a fee (typically 0.1% per transaction), and withdrawal fees vary by cryptocurrency.
What is the difference between Binance and Binance TH
Binance TH by Gulf Binance is the Thai version of Binance. Binance TH by Gulf Binance does support TBH, is SEC approved and is accessible if you own a Thai ID.