Binance

Binance is the largest crypto exchange in the world by trading volume. Changpeng Zhao founded it in July 2017, and by the company's own figures it passed 250 million registered users in January 2025 and handles around $65 billion in average daily volume. That scale matters for reward claimants in a practical way: deep liquidity, hundreds of listed tokens, and a promotions machine that runs continuously across its Rewards Hub.

The trust picture is more complicated than the size suggests. In November 2023 Binance pleaded guilty to US federal charges including Bank Secrecy Act violations and agreed to pay $4.3 billion in penalties, with Zhao stepping down as CEO and the company accepting an independent compliance monitor. Since then Binance has pushed for licenses in some markets while losing access to others, so whether its rewards are even available to you depends heavily on where you live.

The strongest license is in Dubai, where Binance FZE holds a full VASP licence from VARA, granted in April 2024, covering retail and institutional services. In France, Binance France SAS has been registered as a digital asset service provider with the AMF since May 2022 under the pre-MiCA national regime.

Europe changed sharply in mid-2026. Binance failed to secure a MiCA license before the July 1, 2026 deadline, withdrew its application with Greece's regulator in late June 2026, and told users in EU countries it would restrict services. Affected EEA users lose new spot orders, deposits, sign-ups and Earn products, while withdrawals stay open. Binance says it will seek MiCA authorization elsewhere in the EU, but as of this writing it has none.

In the UK, the FCA warned in 2021 that Binance Markets Limited was not permitted to undertake any regulated activity, and that entity's FCA permissions were cancelled in 2023; no Binance Group entity holds UK authorization. In the United States, Binance.com does not operate at all. Americans are served by Binance.US, run by BAM Trading Services Inc., a legally separate company with its own smaller product range and its own promotions.

For a reward claimant the relevant products are spot trading, futures and the Earn suite. Spot fees start at 0.10% maker and taker for regular users, cut to 0.075% if you pay fees in BNB, which carries a standing 25% discount. Most welcome vouchers are rebates against exactly these fees, so the fee schedule sets a ceiling on what a voucher is really worth to you.

Beyond trading, Binance Earn offers flexible and locked savings and staking products, and Launchpool lets users stake BNB to farm newly listed tokens. Several reward types plug into these products directly: trial fund vouchers, for example, can only be redeemed into specific Simple Earn products.

Binance's current standard welcome offer is worth up to $100, delivered through beginner tasks in the Rewards Hub. You register, complete identity verification, then work through tasks such as making a first deposit or trade. The rewards arrive as trading fee rebate vouchers, not cash: they refund spot trading fees to your Spot Wallet the day after you trade, up to the voucher's face value. Each voucher has a validity window measured in days from redemption, works only in the Binance app, and does not cover API trading fees.

You will see bigger numbers advertised, including welcome packs pitched at several hundred dollars through referral and affiliate campaigns. Read those as stacked, conditional voucher bundles rather than money. Binance's own time-limited referral campaigns have offered up to 600 USDT in token vouchers, but they require multiple referral rounds and task completion, and every component expires if unused.

Eligibility is the biggest filter. Binance's welcome rewards FAQ excludes a long list of countries including the United States, United Kingdom, Japan, Canada, Singapore, the Netherlands, Malaysia, the Philippines, Thailand and Russia. Business accounts do not qualify. With EEA services restricted from July 2026, EU residents are effectively out as well.

The referral program has two modes and a referrer must pick one per invite. Referral Lite pays one-time rewards as trading fee vouchers or token rewards: under recent terms, the referrer earns vouchers when the invited friend buys $50 or more of crypto within the qualifying window, with further vouchers for both sides once the friend passes cumulative trading volume thresholds. Lite vouchers typically must be claimed within about 7 days and used within about 14 days of activation, and exact amounts change by campaign.

Referral Pro pays ongoing commission on the referred user's trading fees instead, starting around 20% and rising by tier for high-volume referrers, with higher base rates for accounts holding 500 BNB or more. Binance's terms disqualify self-referrals, bulk registrations and same-device farming, and bar residents of certain countries from the program entirely.

First, confirm the reward's form, because Binance uses several voucher types with different rules. Token vouchers credit freely usable tokens to your Spot Wallet. Trading fee rebate vouchers only offset fees you actually pay. Futures bonus vouchers credit the Futures Wallet and can only be used as collateral in futures trading, which means claiming one commits you to a leveraged product to extract any value. Trial fund vouchers cannot be withdrawn or transferred at all; you keep only the yield they generate in designated Earn products.

Second, watch the clock. Every voucher must be redeemed in the Rewards Hub before its expiry date, and Binance states plainly that expired vouchers cannot be extended or exchanged. Third, finish full identity verification before expecting anything, since new-user tasks are only issued after verification while your qualifying window may already be running from registration. Finally, check availability for your country on the offer page itself rather than assuming an advertised bonus applies to you.