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Reliability Score · methodology v1.0 · updated 2026-08-16

Binance: 72/100

Six components, each with its reason and sources below — the timeline keeps the full incident record visible.

Score over time

7172 across 198 daily readings since 2026-06-23. The burgundy point is today.

Score breakdown

Withdrawal reliability weight 25%

95

1 recorded withdrawal incident within the 24-month window, weighted by severity and recency.

source 1

Proof of reserves weight 20%

75

Regular self-published Merkle-tree PoR with zk-SNARKs and on-chain wallet disclosure (Jan 2026 snapshot: BTC ratio 100.06%); no independent auditor sign-off.

source 1

Regulatory standing weight 20%

35

No MiCAR CASP licence verified as of 2026-06-10 — application filed via Greece (HCMC, Jan 2026) is pending while EU operations run on national transitional registrations expiring 2026-07-01. Resolved: $4.3B US DOJ/FinCEN/OFAC/CFTC resolution with guilty plea (Nov 2023); SEC civil suit dismissed with prejudice (May 2025). Open: French judicial investigation (Jan 2025, contested); Nigerian tax suit (2025, status unclear).

source 1 · source 2

Security history weight 15%

100

No recorded security incidents within the 24-month decay window.

Support quality weight 10%

30

Trustpilot suppressed the TrustScore citing detected fake reviews; third-party 2026 reviews cite ~1.4–1.5/5. Proxy not like-for-like comparable — conservatively scored, with the suppression itself treated as a signal.

source 1

Operational maturity weight 10%

78

Founded 2017; #1 global spot volume. No officially named headquarters (ADGM governance announced Dec 2025). Oct 2025 crash-day technical degradation (brief depegs) was compensated with $283M within days; ~23-minute precautionary withdrawal pause during the Apr 2025 AWS outage.

source 1

Incident timeline · facts with dates

  • 2025-10-10

    Operations · sev 2

    During the 2025-10-10 liquidation cascade, several wrapped/derivative assets briefly depegged amid platform technical issues; Binance paid $283M in user compensation within days.

    source
  • 2025-04-15

    Withdrawal · sev 1

    Withdrawals paused for ~23 minutes as a precaution during the AWS data-center outage of 2025-04-15; services resumed the same hour.

    source
  • 2023-11-21

    Regulatory · sev 4

    Guilty plea and $4.3B resolution with US DOJ/FinCEN/OFAC/CFTC over BSA/AML and sanctions failures (2023-11-21); founder pleaded guilty and resigned as CEO (pardoned Oct 2025). SEC civil suit dismissed with prejudice May 2025.

    source

How this score is computed — weights, rubrics, decay, neutrality: /exchanges/methodology. All venues: /exchanges.

More on Binance: hidden spread · withdrawal fees · move check: BTCBitcoin · ETHEthereum · ETHArbitrum One · head to head: vs Bybit · vs OKX · vs Kraken · vs Coinbase · vs Bitget

Not investment advice. Skontro is not a CASP under MiCAR. Reliability Scores are information, not recommendations: every negative datapoint is dated and sourced, the methodology is public, and no exchange can pay to change a score.