Is Binance Legal in India? FIU Registration and Account Limits
Binance announced FIU-IND registration in 2024. This addresses AML/CFT compliance; it is not blanket approval of every product or a guarantee for customer funds.
Binance's August 2024 announcement describes renewed website and app access for Indian users.
A historical announcement does not verify today's login, your account eligibility or bank access. Check those separately before funding.
Side-by-Side Fee, Security & Feature Matrix
| Question | Check |
|---|---|
| Registered? | Entity and registration documents. |
| Available to me? | Current account and product restrictions. |
| Can I cash out? | Enabled payment method and withdrawal limits. |
Pre-Signup & Pre-Trade Checklist
- ✓Check the India terms and product controls for your verified account.
- ✓Read payment and withdrawal conditions before buying; a trading account and an INR bank transfer are separate services.
- ✓Save trade and tax records; registration does not settle your individual reporting obligations.
Hidden Spreads, Holds & Tax Gotchas
- !P2P identity checks do not eliminate bank restrictions or payment disputes.
- !The June 2024 penalty order does not establish when the penalty was paid.
Verified Recommendations & Referral Fee Rebates
0.10% spot · 0.02% futures maker · 10% spot & 5% futures fee rebate via code CRE13
Check its India terms and account limits before funding.
Watch out: This is a document review, not a test trade.
Frequently Asked Questions
Is Binance available in India?
Binance announced its return in August 2024. Check current account availability separately.
Does FIU-IND registration settle 1% TDS obligations?
Do not assume it does. Review withholding records and the applicable transaction and tax-year rules with a tax adviser.
Does registration protect customer funds?
It is not a guarantee. Review custody and withdrawal terms separately.
Sources
Documents checked on 2026-11-13. This review does not test account access or bank transfers.
- Binance — India registration announcement, 15 August 2024
Provider announcement of registration and renewed website/app availability; not a live access test.
- FIU-IND — Binance order, 19 June 2024
Records the compliance findings and ₹18.82 crore penalty; not proof of a payment date.
- Ministry of Finance — Lok Sabha answer and annexures, 30 March 2026
A dated registration snapshot, including its footnotes; explains the limited AML/CFT mandate.
Related Comparisons & Country Guides
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