Adam Rosen - Lead financial writer
Binance has a minimum deposit of 0 USD. Minimum deposits vary depending on the type of trading account you require from Binance and your location. If you do not meet the minimum trading account requirements of Binance, you will not be able to place live trades. Check if the accessibility of the Binance trading applications for desktop and mobile devices, range of tradable financial instruments and level of financial regulation and customer service options on offer from Binance before depositing to a live Binance trading account.
When opening an account with a financial institution like the Binance brokerage firm, there is typically a required minimum amount of money, also known as an initial deposit or minimum deposit required by Binance to open a live trading account. Financial service companies like Binance will typically require that when you open an account with them you will need to fund your trading account by making what is known as a "minimum deposit", which refers to a predetermined amount of money.
The amount of money that must be placed into a Binance account before it can be opened and ready to place live buy or sell orders on live financial markets, this is standard practice with brokerage firms like Binance, is referred to as the minimum deposit or initial deposit on Binance.
Trading accounts with broker accounts like Binance that provide premium services to traders typically have higher minimum deposits, whereas products aimed at a mainstream audience typically have lower minimum deposits in order to attract new customers to platforms like Binance. In general, higher minimum deposits are associated with premium trading services like more indepth financial market data, more technical analysis tools and access to VIP service trading features on Binance.
The amount of the minimum deposit for brokers like Binance varies widely from one trading platform to the next and can range from $0 - $10,000 with some brokers and trading platforms. Binance has a minimum deposit requirement of 0 USD and is aimed at more mainstream traders.
When Binance customers are required to make minimum deposits to activate their trading accounts, it helps Binance ensure that the revenues generated from a customer's broker account will be sufficient to cover the administrative costs and other overheads associated with Binance servicing that customer's live trading account. In most cases, the minimum deposit requirements for premium trading products are significantly higher than those for mass-market offerings like Binance, which typically have lower minimum deposit requirements.
Traders looking at Binance, who want access to more advanced trading features may be required to make higher minimum deposits. The additional trading features from Binance or from more premium trading accounts may help a traders investment strategy. If these premium trading features are not requires trading accounts with lower or no min deposit requirements may be sufficient. Check to see how Binance compares with other brokers in terms of trading features and minimum deposits.
The different types Binance fees and funding methods available to The different types Binance fees and funding methods available to traders customers. Funding methods available to Binance clients include Crypto deposit, Bank Deposit, Credit cards, Debit Cards, PTP Trading, Banxa, Simplex.
Wire transfers with Binance typically take between two and seven days to complete to Binance client accounts, whereas deposits made using credit cards, debit cards, and online wallets to and from Binance are typically instant and are finished within a few hours. The Binance fees that you are charged by Binance are determined by the 3rd party processing fees that are associated with the bank or third-party payment provider that you use to send money.
Binance trading accounts support base currencies.
Each Binance trading account is assigned a base currency, which indicates the money that you deposit with the Binance trading platform will be held in that particular currency. Some online brokers provide trading accounts like Binance in only the four major currencies (US Dollars, British Pounds, Euros, and sometimes Japanese Yen). When moving money to Binance there may be a currency conversion fee for Binance clients if the base currency of your payment method differs from the base currency of you Binance account.
Binance are regulated by Unregulated.
If you are thinking about opening a new Binance trading account, you need to make sure that you are aware of the Binance minimum deposit requirements and that you have read Binance brokerage terms, checked their financial regulation and are happy that Binance is the most suitable for the financial instruments and trading strategy that you intend to action using Binance.
When signing up with Binance you are required to provide certain personal information, such as your date of birth, proof of ID and address in order to open a Binance account. This is a requirement of financial regulators that Binance are monitored by. Typically, you will be required to upload a photo of your identification card to Binance in order to pass Binance KYC verification. You will need a valid email address and phone number to open a trading account with Binance.
You have to be at least 18 years old to sign up with Binance. As part of Binance financial regulatory requirements Binance are only allowed to offer trading services to those legally classed as adults.
You will be able to complete your Binance registration online. Make sure the information you provide to Binance is accurate.
If there is a minimum monthly deposit or minimum balance with Binance, you must always ensure that you are in compliance with Binance account requirements. You can fund Binance with Crypto deposit, Bank Deposit, Credit cards, Debit Cards, PTP Trading, Banxa, Simplex.
It is possible that your Binance deposit will not appear on your Binance brokerage account until after a few days have passed. Binance will typically send you an email to confirm that they have received your deposit and your Binance trading account is live.
Binance Minimum Deposit: 0 USD
🤴 Binance is Used By: 10,000
⚡ Binance is Regulated by: Unregulated
💵 What You Can Trade with Binance: Cryptocurrency, NFT
💵 Instruments Available with Binance: 52
📈 Binance Inactivity Fees:
💰 Binance Withdrawal Fees: $25 $35
💰 Binance Payment Methods: Crypto deposit, Bank Deposit, Credit cards, Debit Cards, PTP Trading, Banxa, Simplex,
💰 Binance Account Base Currencies:
Binance Risk warning : Your capital is at risk
IC Markets Minimum Deposit: 200 USD
🤴 IC Markets is Used By: 180,000
⚡ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
💰 IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
IC Markets Risk warning : Losses can exceed deposits
Roboforex Minimum Deposit: 10 USD
🤴 Roboforex is Used By: 10,000
⚡ Roboforex is Regulated by: Financial Services Commission (FSC) License 000138/437
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
💰 Roboforex Account Base Currencies: USD, EUR, XAU
Roboforex Risk warning : Losses can exceed deposits
AvaTrade Minimum Deposit: 100 USD
🤴 AvaTrade is Used By: 200,000
⚡ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
💰 AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD
AvaTrade Risk warning : 71% of retail CFD accounts lose money
FP Markets Minimum Deposit: 100 USD
🤴 FP Markets is Used By: 10,000
⚡ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
💰 FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
FP Markets Risk warning : Losses can exceed deposits
NordFX Minimum Deposit: 10 USD
🤴 NordFX is Used By: 10,000
⚡ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
💰 NordFX Account Base Currencies: USD, EUR
NordFX Risk warning : Losses can exceed deposits
XTB Minimum Deposit: 0 USD
🤴 XTB is Used By: 250,000
⚡ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
💰 XTB Account Base Currencies: USD, GBP, EUR
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone Minimum Deposit: 200 USD
🤴 Pepperstone is Used By: 89,000
⚡ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
💰 Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
XM Minimum Deposit: 5 USD
🤴 XM is Used By: 10,000,000
⚡ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
💰 XM Account Base Currencies:
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
eToro Minimum Deposit: 50 USD
🤴 eToro is Used By: 20,000,000
⚡ eToro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
💰 eToro Account Base Currencies: USD
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
FXPrimus Minimum Deposit: 100 USD
🤴 FXPrimus is Used By: 10,000
⚡ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
💰 FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN
FXPrimus Risk warning : Losses can exceed deposits
easyMarkets Minimum Deposit: 100 USD
🤴 easyMarkets is Used By: 142,500
⚡ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
💰 easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR
easyMarkets Risk warning : Your capital is at risk
If Binance isn’t quite what you are looking for you can check out some of the best Binance alternatives below.
If you would like to see Binance compared against some of the best Binance Min Deposit alternatives available right now you can do so by clicking on the links below.