How to buy bitcoin on Binance: steps, fees and EU limits
How to buy bitcoin on Binance outside the EU, with 0.10% fees worked out on €100 and €1,000. EU residents: Binance has no MiCA licence, so use Kraken.
If you live in the EU, you can’t buy bitcoin on Binance any more. Binance has no MiCA licence, and since 1 July 2026 EU users can only withdraw: no sign-ups, no deposits and no new spot orders. EU residents should buy bitcoin at a MiCA-licensed cryptocurrency exchange instead, for example with our guide on how to buy bitcoin on Kraken.
For readers outside the EU, this guide still explains how to buy bitcoin on Binance, where spot trading costs 0.10%. We checked Binance’s fee schedule, licences page and public API, and ESMA’s MiCA register, on 23 October 2026. We haven’t opened a Binance account ourselves, so the steps are described in general terms: screens and button names in the Binance app can differ by country.
Can you buy bitcoin on Binance in the EU?
No. Binance holds no MiCA authorisation in any EU country, so it may not provide crypto services to EU residents. Since 1 July 2026 it has stopped onboarding EU users and suspended deposits, new spot orders and Earn, while keeping withdrawals open.
- January 2026: Binance applied for a MiCA licence with Greece’s HCMC.
- 24 June 2026: it withdrew that application, after reports that the regulator was leaning towards rejection.
- 1 July 2026: the EU-wide transition period ended and EU accounts moved to withdrawals only.
- 22 October 2026: ESMA’s interim MiCA register still listed no Binance entity.
Binance says it is “not leaving Europe” and will apply in another member state, but we could not confirm a new application. In the Netherlands, Binance hasn’t been available since July 2023, after De Nederlandsche Bank fined it €3.3m in 2022 for operating without registration.
Binance.US is a separate company
Binance.com does not serve US residents. People in the US use the separate Binance.US, which has its own app, fees and list of digital assets, so searches for “buy BTC Binance.US” lead to a different platform. This guide covers Binance.com only.
Why people outside the EU choose Binance
Outside the EU, people choose Binance for low fees and choice: a flat 0.10% fee to trade crypto on the spot market and more than 500 crypto assets. The catch is its record: in 2023 Binance pleaded guilty in the US to anti-money-laundering and sanctions violations and agreed to pay about $4.3bn.
- Among the lowest fees of any large exchange: 0.10% maker and taker, or 0.075% when you pay the fee in BNB.
- Choice: you can trade hundreds of coins, with 13 fiat currencies on its API, including the euro and the US dollar.
- Scale: Binance says it had 250 million registered users by January 2025.
Binance’s price pages show figures such as market cap and 24-hour trading volume. They describe how big and busy a market is, not whether bitcoin is a good buy.
What you need before you buy
To buy bitcoin on Binance you need to live in a country Binance serves, a valid ID document, a phone for a selfie and two-factor authentication, and a bank account or card in your own name. Budget only money you can afford to lose: bitcoin’s price can fall sharply, and you can lose everything you invest.
How to buy bitcoin on Binance, step by step
Buying bitcoin on Binance takes six steps: open an account, complete identity verification, secure the account, deposit money, buy BTC, and optionally withdraw it to your own wallet. Expect 20 to 40 minutes, plus waiting time if the identity check or a bank transfer takes longer.
- Open a free account on binance.com or in the Binance app with your email or phone number and a unique password. Type the address yourself: fake exchange sites are a common phishing trick.
- Complete identity verification. Expect to upload an ID document and take a selfie. Binance’s KYC rules weren’t published on the official pages we could check, so expect lower limits until you finish verification.
- Secure the account. Turn on two-factor authentication with an authenticator app before you deposit any money.
- Deposit funds. Pick one of the payment methods shown for your country, such as a bank transfer, a debit or credit card, or a crypto transfer. Check the fee on screen before you confirm, because Binance’s deposit fees were not published on the pages we could read.
- Buy bitcoin. Use the quick buy or Convert option for a single quoted price, or the spot market (for example BTC/USDT or BTC/EUR) with a market or limit order to pay the 0.10% trading fee.
- Move it to secure storage (optional). Withdraw your BTC to a wallet you control on the Bitcoin network. Binance’s public API showed a 0.00002 BTC withdrawal fee and a 0.0001 BTC minimum on 23 October 2026.
Paying by debit card, Apple Pay or Google Pay
A debit card, Apple Pay or Google Pay is usually the fastest way to buy crypto, but we couldn’t verify which of these Binance offers in your country or what they cost. Binance’s card and bank deposit fee pages load dynamically and showed no figures when we checked. Treat a card fee as unknown until the order screen shows it, and compare it with a bank transfer from your own bank account.
Quick buy or spot order: which is cheaper?
For the lowest cost, buy on the spot market. A quick buy or Convert shows one price with any markup built in, and Binance doesn’t publish that markup, so you can’t check it in advance.
- Market order: fills straight away at the best available price and pays the taker fee of 0.10%.
- Limit order: you set the price you want to pay. If it waits in the order book, it pays the maker fee of 0.10%; it may never fill if the price moves away.
- Minimum order: Binance’s API listed a minimum order value of 5 units of the quote currency on BTC/USDT and BTC/EUR, such as 5 USDT or €5.
Because maker and taker fees are both 0.10% at Binance, a limit order mainly protects the price you pay, not the fee.
Binance fees: what €100 and €1,000 of bitcoin cost
A €1,000 spot buy on Binance costs €1.00 in trading fees, or €0.75 if you pay in BNB; a €100 buy costs €0.10. These are the only buying costs Binance publishes: deposit fees and the quick-buy markup were not available when we checked.
| Cost | €100 buy | €1,000 buy |
|---|---|---|
| Spot fee, 0.10% | €0.10 | €1.00 |
| Spot fee paid in BNB, 0.075% | about €0.08 | €0.75 |
| Bank transfer or card deposit | Not published | Not published |
| Quick buy or Convert markup | Not published | Not published |
| BTC withdrawal (optional) | 0.00002 BTC | 0.00002 BTC |
| Known total | €0.10 plus 0.00002 BTC | €1.00 plus 0.00002 BTC |
The withdrawal fee is fixed in bitcoin, so its euro value moves with the price. As an illustration only: at €100,000 per bitcoin, 0.00002 BTC would be €2. Our Binance fees page tracks every cost we can verify.
For EU readers, the same €1,000 market order costs €2.50 at Bitvavo (0.25% taker), €2.50 at Bybit EU (0.25%) or €8.00 on Kraken Pro (0.80% taker), all MiCA-licensed.
Withdrawing bitcoin: networks and the travel rule
To move bitcoin off Binance, send it to a wallet address you control and choose the Bitcoin network. Binance also lists BTC on other networks, such as BNB Smart Chain (BEP20) and Ethereum (ERC20). Those are tokens on other blockchains, and sending them to an ordinary bitcoin address can mean losing them.
Send a small test transaction first, then the rest. If you later move more than €1,000 between your own wallet and an EU-licensed exchange, the travel rule requires that exchange to check the wallet is yours, for example with a signed message or a small test payment.
Where to keep your bitcoin after you buy
Bitcoin left on Binance is in Binance’s custody: you rely on the company to keep user assets and let you withdraw. Binance publishes Merkle-tree and zk-SNARK proof of reserves and keeps a SAFU fund of 15,000 BTC, but that is a company fund, not a legal protection scheme.
If you plan to hold, consider self-custody: you keep the private keys in your own wallet. A hardware wallet keeps those keys offline and is the usual safe place for larger amounts. Our guide to wallet types compares the options. Write your recovery phrase on paper and never share it with anyone, including “support” staff.
Common mistakes when buying bitcoin on Binance
- Using Binance while living in the EU. Without a MiCA licence, no EU regulator supervises its service to you, and your account is withdrawal-only.
- Paying by card without checking the fee. Card fees weren’t published, and they can cost more than the 0.10% trading fee.
- Picking the wrong withdrawal network. Choose the Bitcoin network for a normal bitcoin wallet.
- Switching to futures or margin by mistake. Most retail traders lose money with leverage, and you can lose your whole stake quickly.
- Treating Earn rewards as part of buying. Rewards on Binance Earn are variable and suspended for EU users, and the coin’s price can still fall.
- Trusting messages about “account migration”. Check announcements in the Binance app or on binance.com itself.
Taxes on bitcoin you buy
Buying bitcoin is not taxed in itself, but holding and selling can be. In the Netherlands, crypto counts towards your box 3 assets on 1 January wherever you hold it (for 2026, a 6.00% notional return taxed at 36% above €59,357 per person). In Germany, crypto held for more than a year can be sold tax-free; gains within a year are taxed at your income-tax rate once your private-sale gains reach €1,000 in a year. Keep every trade confirmation.
Licensed alternatives for EU residents
If you live in the EU, choose an exchange with a MiCA licence. These four serve the Netherlands, Germany, Belgium and Ireland:
| Exchange | MiCA regulator | Entry-tier spot fee |
|---|---|---|
| Kraken | Central Bank of Ireland | 0.40% maker / 0.80% taker (Kraken Pro) |
| Bitvavo | AFM (Netherlands) | 0.15% maker / 0.25% taker |
| Coinbase | CSSF (Luxembourg) | 0.60% maker / 1.20% taker (Advanced) |
| Bybit EU | FMA (Austria) | 0.25% |
None matches Binance’s 0.10%, but each is regulated in the EU and open to you.
Questions people ask
Can I buy bitcoin on Binance if I live in the EU?
Can US citizens use Binance?
No. Binance.com does not serve US residents, who are served by the separate Binance.US with its own app, fees and coin list. This guide covers Binance.com only.
How much does it cost to buy bitcoin on Binance?
A spot order costs 0.10%, or 0.075% if you pay the fee in BNB: €1.00 on a €1,000 buy. Card, bank deposit and quick-buy markups were not published on the pages we could read, so check the order screen.
Is it safe to buy bitcoin from Binance?
Binance publishes proof of reserves and keeps a SAFU fund of 15,000 BTC, but it pleaded guilty to US anti-money-laundering violations in 2023 and no EU regulator supervises it. If you buy there, don't leave more on the exchange than you need to trade.
Can I still withdraw bitcoin from Binance in the EU?
Yes. Withdrawals stayed open after 1 July 2026. Send your bitcoin on the Bitcoin network to a licensed exchange or your own wallet; on 23 October 2026 the fee was 0.00002 BTC.