{"path":"/india/is-binance-legal-in-india","title":"Is Binance Legal in India? FIU Registration and Account Limits | CryptoExchangeIn","description":"Binance's India registration, what it establishes, and the account, payment and tax checks that remain before trading.","as_of":"2026-11-13","kind":"guide","content":{"guide":{"slug":"is-binance-legal-in-india","country":"india","kind":"guide","topic":"availability","title":"Is Binance Legal in India? FIU Registration and Account Limits","description":"Binance's India registration, what it establishes, and the account, payment and tax checks that remain before trading.","status":"conditional","verdict":"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.","officialClaim":"Binance's August 2024 announcement describes renewed website and app access for Indian users.","verifiedReality":"A historical announcement does not verify today's login, your account eligibility or bank access. Check those separately before funding.","beforeYouTrade":["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."],"limitsAndGotchas":["P2P identity checks do not eliminate bank restrictions or payment disputes.","The June 2024 penalty order does not establish when the penalty was paid."],"recommendations":[{"providerId":"binance","role":"Binance India account review","why":"Check its India terms and account limits before funding.","caveat":"This is a document review, not a test trade."}],"comparisonTable":{"headers":["Question","Check"],"rows":[["Registered?","Entity and registration documents."],["Available to me?","Current account and product restrictions."],["Can I cash out?","Enabled payment method and withdrawal limits."]]},"faqs":[{"q":"Is Binance available in India?","a":"Binance announced its return in August 2024. Check current account availability separately."},{"q":"Does FIU-IND registration settle 1% TDS obligations?","a":"Do not assume it does. Review withholding records and the applicable transaction and tax-year rules with a tax adviser."},{"q":"Does registration protect customer funds?","a":"It is not a guarantee. Review custody and withdrawal terms separately."}],"asOf":"2026-11-13","sources":[{"title":"Binance — India registration announcement, 15 August 2024","url":"https://www.binance.com/en/blog/regulation/3022489348045738409","note":"Provider announcement of registration and renewed website/app availability; not a live access test."},{"title":"FIU-IND — Binance order, 19 June 2024","url":"https://fiuindia.gov.in/pdfs/judgements/Binance_Order_10_2024.pdf","note":"Records the compliance findings and ₹18.82 crore penalty; not proof of a payment date."},{"title":"Ministry of Finance — Lok Sabha answer and annexures, 30 March 2026","url":"https://sansad.in/getFile/loksabhaquestions/annex/187/AU5805_lMTYNK.pdf?source=pqals","note":"A dated registration snapshot, including its footnotes; explains the limited AML/CFT mandate."}]},"path":"/india/is-binance-legal-in-india","country":{"slug":"india","name":"India","region":"South Asia","regulator":"FIU-IND (Financial Intelligence Unit — India) under PMLA","taxSummary":"30% flat tax on VDA gains (Sec 115BBH) + 1% TDS (Sec 194S) on transfers","fiatRails":"INR IMPS / NEFT (Domestic CEX) · UPI & IMPS P2P (Global CEX)","summary":"Compare India's crypto rules, exchange registration and INR funding options. Private crypto is not legal tender; FIU registration concerns AML/CFT obligations. Read the linked documents before choosing a service.","quickTake":"Check the entity serving your account, product eligibility and withdrawal methods before funding. Registration and a supported bank rail do not guarantee a freeze-free transfer.","asOf":"2026-11-13","matrix":[{"service":"Crypto legal status","category":"exchange","status":"conditional","summary":"Private crypto and the RBI digital rupee have different legal status.","guidePath":"/india/is-crypto-legal-in-india"},{"service":"Binance blocking history","category":"exchange","status":"conditional","summary":"Separate the blocking request, penalty order and return announcement.","guidePath":"/india/is-binance-banned-in-india"},{"service":"FIU registration checks","category":"exchange","status":"conditional","summary":"Match the legal entity and date; read any qualifications.","guidePath":"/india/fiu-registered-crypto-exchanges-in-india"},{"service":"Coinbase India","category":"exchange","status":"conditional","summary":"Check the bank-link restriction before choosing INR funding or external crypto transfers.","guidePath":"/india/is-coinbase-available-in-india"},{"service":"Binance India (FIU-IND Registered)","category":"exchange","status":"conditional","summary":"Binance announced registration and renewed access in August 2024. Check account and product limits separately.","guidePath":"/india/is-binance-legal-in-india"},{"service":"Bitget India (Spot, Futures & P2P)","category":"exchange","status":"works","summary":"0.10% spot fee (0.08% with BGB), zero-fee INR P2P Express via UPI/IMPS, and $400M+ Protection Fund.","guidePath":"/compare/bitget-vs-binance"},{"service":"CoinDCX Direct INR IMPS & 1% TDS","category":"fiat_onramp","status":"works","summary":"FIU-registered domestic exchange with direct IMPS bank transfers and automatic Section 194S 1% TDS deduction against PAN.","guidePath":"/india/how-to-buy-crypto-in-india-upi-imps"},{"service":"INR P2P UPI / IMPS Selling","category":"p2p","status":"conditional","summary":"Buying and selling involve counterparty and payment risks. No P2P method guarantees an unrestricted bank account.","guidePath":"/india/how-to-buy-crypto-in-india-upi-imps"},{"service":"OKX Centralized Exchange (India)","category":"exchange","status":"blocked","summary":"OKX CEX closed Indian resident accounts in March 2024; however, self-custodial OKX Web3 Wallet works without KYC.","guidePath":"/wallets/metamask-vs-rabby-vs-okx-wallet"},{"service":"Self-Custody Wallets (OKX Web3, Rabby, Ledger, Trezor)","category":"wallets","status":"conditional","summary":"Self-custody changes who holds the keys. Keep transaction records and check the rules for the activity you intend.","guidePath":"/wallets/best-crypto-wallet-for-beginners"}],"topProviders":["binance","bitget","coindcx","okx-wallet"]},"recommendations":[{"provider":{"id":"binance","name":"Binance","domain":"binance.com","url":"https://www.binance.com/","category":"exchange","pricing":{"model":"freemium","startingFrom":"0.10% spot · 0.02% futures maker","notes":"25% spot fee discount with BNB (0.075% maker/taker); 0% maker/taker on FDUSD and select EUR/USDC spot pairs."},"fees":{"spotMakerPct":0.1,"spotTakerPct":0.1,"instantSpreadPct":1.85,"futuresTakerPct":0.05,"tokenDiscountNote":"10% spot & 5% futures rebate via code CRE13 + 25% off with BNB (~0.068%)","kycTier":"mandatory_id","supportedRegions":["india","australia","nigeria","eu","uae","china"]},"summary":"World's deepest spot and perpetual futures order book with 0.10% base spot fees (down to ~0.068% combining code CRE13 + BNB), FIU-IND registration in India, Dubai VARA license, and low-cost multi-chain withdrawals.","affiliate":{"status":"active","network":"Direct","code":"CRE13","bonus":"10% spot & 5% futures fee rebate via code CRE13","youGet":"10% spot trading fee rebate and 5% futures trading fee rebate when registering with referral code CRE13 (stacks with Binance's 25% BNB fee deduction, bringing spot maker/taker fees down from 0.10% to ~0.068%).","weGet":"A 10% spot and 5% futures referral commission share from Binance at no extra cost to your fee tier.","terms":"https://www.binance.com/en/activity/referral","url":"https://www.binance.com/join?ref=CRE13"},"checkedAt":"2026-11-13"},"goPath":"/go/binance","role":"Binance India account review","why":"Check its India terms and account limits before funding.","caveat":"This is a document review, not a test trade."}],"relatedGuides":[{"path":"/india/fiu-registered-crypto-exchanges-in-india","title":"FIU-Registered Crypto Exchanges in India: How to Check a Claim","description":"What FIU registration establishes, how to read the government's dated exchange list, and why registration is not an RBI licence or safety guarantee.","countrySlug":"india","countryName":"India","kind":"guide","topic":"availability","status":"conditional","verdict":"Check the legal entity and the date, not just an exchange logo. FIU registration concerns anti-money-laundering reporting obligations; it does not certify that your funds are safe.","asOf":"2026-11-13","beforeYouTradeCount":3,"limitsCount":2,"topProvider":{"id":"binance","name":"Binance","domain":"binance.com","startingFrom":"0.10% spot · 0.02% futures maker","code":"CRE13"}},{"path":"/india/how-to-buy-crypto-in-india-upi-imps","title":"How to Buy Crypto in India: INR Bank Transfers, UPI and P2P","description":"Compare direct INR funding and P2P payments, check withdrawal access before buying, and understand why no method guarantees a freeze-free bank account.","countrySlug":"india","countryName":"India","kind":"guide","topic":"cash_out","status":"conditional","verdict":"Use funding and withdrawal methods actually enabled for your account. Direct exchange funding and P2P involve different counterparties. Neither is a zero-risk way to buy or cash out crypto.","asOf":"2026-11-13","beforeYouTradeCount":4,"limitsCount":3,"topProvider":{"id":"coindcx","name":"CoinDCX","domain":"coindcx.com","startingFrom":"0.20% spot (+18% GST on fee) + 1% statutory TDS"}},{"path":"/india/is-binance-banned-in-india","title":"Is Binance Banned in India? The Block and Return Explained","description":"Separate Binance's December 2023 blocking request, June 2024 penalty and August 2024 return from a new login, app or payment problem.","countrySlug":"india","countryName":"India","kind":"guide","topic":"availability","status":"conditional","verdict":"The old blocking headlines do not describe the whole story. Binance announced renewed Indian website and app availability in August 2024. That historical return is not a promise of permanent access or a live check of your account.","asOf":"2026-11-13","beforeYouTradeCount":3,"limitsCount":2,"topProvider":{"id":"binance","name":"Binance","domain":"binance.com","startingFrom":"0.10% spot · 0.02% futures maker","code":"CRE13"}},{"path":"/india/is-coinbase-available-in-india","title":"Is Coinbase Available in India? INR Access and Withdrawal Limits","description":"Coinbase India's documented features and the bank-link restriction that matters if you want to send crypto to your own wallet.","countrySlug":"india","countryName":"India","kind":"guide","topic":"availability","status":"conditional","verdict":"Coinbase documents services for Indian customers, including cash and crypto trading features. Before linking a bank account, check the external-send restriction: its India help page says that link permanently disables sending crypto out.","asOf":"2026-11-13","beforeYouTradeCount":3,"limitsCount":2,"topProvider":{"id":"coinbase","name":"Coinbase Advanced","domain":"coinbase.com","startingFrom":"0.40% maker · 0.60% taker (Advanced)"}}],"crumbs":[{"name":"Countries","path":"/countries"},{"name":"India","path":"/india"}]}}