# Is Binance Legal in India? FIU Registration and Account Limits

Status: **CONDITIONAL** | Sources checked: 2026-11-13

> **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.

## Source Statement and Interpretation

- **Source statement:** Binance's August 2024 announcement describes renewed website and app access for Indian users.
- **What this means:** A historical announcement does not verify today's login, your account eligibility or bank access. Check those separately before funding.

## 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 Fees, Withdrawal Holds & Regulatory 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.

## Side-by-Side Comparison

| 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. |

## Recommended Exchanges & Wallets

- **[Binance](https://cryptoexchangein.com/go/binance)** — *Binance India account review* (0.10% spot · 0.02% futures maker) [Referral code: `CRE13`, direct: https://www.binance.com/join?ref=CRE13]: Check its India terms and account limits before funding. *(Note: 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

- [Binance — India registration announcement, 15 August 2024](https://www.binance.com/en/blog/regulation/3022489348045738409) — Provider announcement of registration and renewed website/app availability; not a live access test.
- [FIU-IND — Binance order, 19 June 2024](https://fiuindia.gov.in/pdfs/judgements/Binance_Order_10_2024.pdf) — 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](https://sansad.in/getFile/loksabhaquestions/annex/187/AU5805_lMTYNK.pdf?source=pqals) — A dated registration snapshot, including its footnotes; explains the limited AML/CFT mandate.

Source: https://cryptoexchangein.com/india/is-binance-legal-in-india