What is "BINANCE" on my bank statement?

BINANCE is a legitimate crypto exchange charge, usually from buying, selling, or transferring cryptocurrency.

Merchant: Binance | Category: Financial Services

What Is This Charge?

A charge from Binance reflects a purchase, sale, transfer, or fee tied to the Binance crypto exchange, which launched in 2017 and operates as a digital platform rather than a physical store chain. Binance does not have retail store locations, so the charge usually comes from an app, website, or wallet transaction. Binance is a cryptocurrency financial services company, and its statement descriptors often appear when you buy Bitcoin, trade crypto, move funds, or pay a platform fee. If you see this charge, it usually means your card, bank account, or linked payment method was used on Binance or one of its related services.

Why Does This Charge Appear on My Statement?

This charge appears when you complete a crypto purchase, sell crypto for cash, or transfer digital assets through Binance. It can also appear when you add money to your Binance account, pay a trading fee, or use Binance Pay to send funds to another user or merchant. Some charges are authorization holds, which means Binance temporarily verifies your payment method before the final amount posts. If you used a linked card, Apple Pay, Google Pay, or bank transfer, the statement line can show Binance even when the action happened inside a separate wallet or app flow.

Typical Charge Amounts

Typical Binance charges often start at $10, $25, or $50 for small crypto buys and can rise to $100, $250, or $1,000 for larger trades. Card verification holds are often $1.00 or $0.00, and some banks show a temporary pending amount before the final charge settles. Trading fees are commonly a small percentage of the transaction, such as 0.1% to 0.5%, so a $500 trade may produce a fee of about $0.50 to $2.50. Withdrawal or network fees can also appear as fixed amounts, and the exact total depends on the asset, payment method, and market price at the time of the transaction.

Common Variations

BINANCE* BINANCE.COM BINANCE US BINANCE PAY BINANCE PTE LTD BINANCE*1234 BINANCE.COM*5678 BINANCE US*9012 BINANCE PAY*ABCD BINANCE PTE LTD SINGAPORE

Is This Charge Legitimate?

A Binance charge is usually legitimate if you recently bought, sold, transferred, or verified a crypto transaction in the Binance app or on binance.com. Check your Binance account activity, order history, and wallet history first, because the exact timestamp and amount should match the statement line. Review the email address tied to your account for trade confirmations, deposit notices, and withdrawal alerts, because Binance sends transaction receipts for most actions. If you do not recognize the charge, contact Binance Support through the official help center at https://www.binance.com/en/support and compare the merchant name, amount, and date before taking action.

How to Dispute or Cancel

1. Open the Binance app or sign in at https://www.binance.com and check Orders, Wallet, and Transaction History for the exact charge. 2. If the charge is unauthorized, contact Binance Support through the official help center and ask for a review of the transaction ID, device, and login history. 3. If the payment came from a card or bank account you control, call the number on the back of your card or your bank’s fraud line right away and start a dispute while the charge is still recent. 4. Binance charges are usually tied to completed crypto trades, so refunds are not automatic, and cancellation only applies if the order is still pending or the platform allows reversal for that specific transaction type. 5. Keep screenshots, confirmation emails, and wallet addresses, because your bank may ask for them during the dispute process.

Frequently Asked Questions

Why does my Binance charge show as BINANCE* or BINANCE.COM?

BINANCE* and BINANCE.COM are common descriptor formats used for crypto purchases, trading fees, and payment verification holds. The asterisk or extra text usually identifies the specific transaction channel, region, or internal reference number. Check your Binance order history and email receipts to match the exact amount and date.

How do I cancel my Binance subscription?

Binance is not a traditional subscription service, so most charges are one-time trades, deposits, or transfer fees. To stop future charges, cancel recurring buys, remove saved payment methods, and disable auto-invest or scheduled purchases in the Binance app. If you cannot find the setting, use the official support center at https://www.binance.com/en/support.

Why is my Binance charge a different amount than expected?

The amount can change because crypto prices move quickly, card issuers may add a temporary authorization hold, and Binance may charge a trading or network fee. A $100 purchase can settle differently if the market price changes between authorization and final posting. Check the final order receipt, because the posted amount is the amount that actually settled.

Can Binance charges be from Binance Pay?

Yes, BINANCE PAY can appear when you send money, pay a merchant, or complete a wallet transfer through Binance Pay. The statement may show the Binance name even if you used a QR code, wallet address, or in-app payment flow. Review your Binance Pay history to confirm the recipient and exact timestamp.

What should I do if I do not recognize a Binance charge?

First, check whether anyone in your household used your card, bank account, or Binance login to make a crypto purchase. Next, review your Binance account history and email alerts for matching transactions. If nothing matches, contact Binance Support and your bank’s fraud department immediately to dispute the charge.

Similar Charges

  • BINANCE*1234
  • BINANCE.COM*5678
  • BINANCE US*9012
  • BINANCE PAY*ABCD
  • BINANCE PTE LTD SINGAPORE

Related Charges

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