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    Binance logo vs Independent Reserve logo

    Binance vs Independent Reserve: fees, licences and P2P

    Facts for both companies from their official pages; each was checked on the date shown in its review.

    Facts verified on October 18, 2026

    Key differences

    Side by side

    Criterion Binance Independent Reserve
    Rating
    4.7/5 on other platforms 5M ratings
    4.6/5 on other platforms 2.1K ratings
    Regulators FSRA (ADGM), AFSA, CBB, VARA, Bappebti, JFSA, SEC (Thailand), CNAD, BCR (El Salvador), FSCA MAS
    Spot trading fees maker 0.1%, taker 0.1% maker 0.5%, taker 0.5%
    USDT withdrawal 0.01 USDT on BEP20, 0.04 USDT on AVAXC, 0.04 USDT on OPTIMISM +6 4 USDT on TRC20, 10 USDT on ERC20
    P2P trading yes, in 112 local currencies —
    Futures yes, up to 1:150 —
    Proof of reserves published not published
    Deposits and withdrawals Bank transfer Bank transfer
    Not available in United States, Canada, Netherlands, Cuba, North Korea, Iran —
    Founded — 2013
    Read review Read review

    Frequently asked questions

    Which regulators license Binance and Independent Reserve?

    Binance is licensed by FSRA (ADGM), AFSA, CBB, VARA, Bappebti, JFSA, SEC (Thailand), CNAD, BCR (El Salvador), and FSCA; Independent Reserve by MAS.

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