How to buy Ethereum on Binance: steps, fees and EU limits
How to buy Ethereum on Binance outside the EU: steps, 0.10% fees on €100 and €1,000, and ETH networks. EU residents: no MiCA licence, use a licensed exchange.
If you live in the EU, you can’t buy Ethereum on Binance any more. Binance has no MiCA licence, and since 1 July 2026 EU users can only withdraw: no new accounts, no deposits and no new spot orders. EU residents should buy ETH at a MiCA-licensed exchange such as Kraken or Bitvavo.
For readers outside the EU, this guide explains how to buy Ethereum on Binance, what it costs and how to move your ether to your own wallet. We checked Binance’s fee schedule, licences page and public API, and ESMA’s MiCA register, on 23 October 2026. We haven’t used a Binance account ourselves, so the steps are general: screens can differ by country.
Check whether Binance serves your country
Binance does not serve the EU or the US. It holds no MiCA authorisation, so since 1 July 2026 it has stopped onboarding EU users and suspended deposits, new spot orders and Earn, while withdrawals stay open. Binance.com also excludes US residents, who have the separate Binance.US.
Binance applied for a MiCA licence in Greece in January 2026 and withdrew the application on 24 June 2026. It says it will try another member state, but we could not confirm a new application, and ESMA’s interim register (update of 22 October 2026) lists no Binance entity. In the Netherlands, Binance has been unavailable since July 2023.
Ethereum (ETH) in brief
Ethereum is a blockchain network for apps and smart contracts, and ether (ETH) is its native coin, used to pay network fees. Owning ETH is not like owning a company stock: there is no company behind it paying dividends, and its price depends on supply and demand.
- Proof of stake: Ethereum moved from proof of work, where miners secured the network, to proof of stake in September 2022. Validators now stake ETH to secure it.
- Market cap: the current price multiplied by the circulating supply, the number of coins in circulation. Market capitalization tells you how large a market is, not where the price goes next.
- Price on Binance: each exchange runs its own order books, so the live price of ETH on Binance is set by its buyers and sellers in real time and can differ slightly from other exchanges.
What moves the Ethereum price?
The Ethereum price moves with demand for the network, investor sentiment, news and wider macroeconomic conditions such as interest rates. Those factors can change fast, and ETH has fallen by large amounts in the past. Nobody can reliably estimate where the latest price goes next, so buy only what you can afford to lose.
How to buy Ethereum on Binance, step by step
Buying ETH on Binance takes six steps: open an account, verify your identity, secure the account, deposit money, buy ETH, and optionally withdraw it to your own wallet. Expect 20 to 40 minutes, plus waiting time for identity checks or bank transfers.
- Open an account on binance.com or in the Binance app with your email or phone number and a unique password. Type the address yourself to avoid phishing sites.
- Verify your identity. Expect to upload an ID document and take a selfie. Binance’s verification rules weren’t published on the official pages we could check, so limits may apply until you finish.
- Secure the account with two-factor authentication from an authenticator app.
- Deposit money. Pick an available payment method for your country, such as a bank transfer, a card or a crypto transfer. Binance’s deposit fees were not published on the pages we could read, so check the fee on screen.
- Buy ETH. Use the quick buy or Convert option for one quoted price, or the spot market (for example ETH/USDT or ETH/EUR) with a market or limit order to pay the 0.10% trading fee.
- Move it to secure storage (optional). Withdraw ETH to a wallet you control on a network that wallet supports, after a small test transaction.
Choosing a payment method
The available payment method depends on where you live, and we could not verify Binance’s list or prices for your country. A bank transfer is usually cheaper than a card, but Binance’s card and bank fee pages showed no figures when we checked. Use a bank account or card in your own name.
Buying ETH through spot trading
Spot trading means buying ETH in Binance’s order books at the market price. Choose a trading pair such as ETH/USDT or ETH/EUR, both listed as trading on Binance’s API on 23 October 2026.
- Market order: fills straight away at the best price and pays the 0.10% taker fee.
- Limit order: you set your price; it pays the 0.10% maker fee if it waits in the book, and it may never fill.
- Fractions: you can buy a fraction of one ether. The API listed a minimum order value of 5 units of the quote currency, such as 5 USDT or €5.
After the purchase, check the ETH amount you received and save the trade confirmation from your transaction history.
Binance fees: what €100 and €1,000 of ETH cost
A €1,000 ETH buy on Binance costs €1.00 in trading fees, or €0.75 if you pay in BNB; a €100 buy costs €0.10. Deposit fees and the markup on quick buys were not available, so the true total can be higher.
| 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 |
| ETH withdrawal on Ethereum (ERC20), optional | 0.00015 ETH | 0.00015 ETH |
| Known total | €0.10 plus 0.00015 ETH | €1.00 plus 0.00015 ETH |
The withdrawal fee is fixed in ETH, so its value in euros or US dollars moves with the ETH to USD rate. Our Binance fees page lists every cost we could verify. For comparison, a €1,000 market order costs €2.50 at Bitvavo and €8.00 on Kraken Pro, both MiCA-licensed.
Withdrawing ETH: pick the right network
ETH can travel on several networks, and the network you choose must match the receiving wallet. Binance’s public API listed these withdrawal fees on 23 October 2026:
| Network | Withdrawal fee | Minimum |
|---|---|---|
| Ethereum (ERC20) | 0.00015 ETH | 0.002 ETH |
| Arbitrum One | 0.00005 ETH | 0.0003 ETH |
| Base | 0.00005 ETH | 0.002 ETH |
| BNB Smart Chain (BEP20) | 0.0000092 ETH | 0.000018 ETH |
The cheapest network is only cheaper if the receiving side supports it: ETH sent over an unsupported network can be lost. For a hardware wallet or an EU exchange, the Ethereum (ERC20) network is the usual choice. If you 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.
Where to keep your ETH
ETH left on Binance sits in Binance’s custody. Binance publishes Merkle-tree and zk-SNARK proof of reserves and keeps a SAFU fund of 15,000 BTC, but neither is a legal protection scheme like the EU deposit guarantee.
To hold ETH yourself, use self-custody: a wallet where only you hold the private keys. A hardware wallet keeps those keys offline. Our guide to wallet types explains the trade-offs. If you lose your recovery phrase, nobody can restore your ETH.
Common mistakes when buying ETH on Binance
- Buying from the EU. Binance has no MiCA licence; EU accounts are withdrawal-only.
- Choosing the cheapest withdrawal network without checking that the receiving wallet supports it.
- Paying by card without seeing the fee. Card costs weren’t published.
- Confusing ETH with staked or wrapped tokens. Check the asset you buy is ETH itself.
- Trying futures or margin. Most retail traders lose money with leverage.
- Not keeping records. Save confirmations for your tax return.
Taxes on ETH
Buying ETH is not taxed in itself, but holding and selling it can be. In the Netherlands, crypto counts towards your box 3 assets on 1 January (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.
Where to buy Ethereum in the EU instead
EU residents should buy ETH at an exchange with a MiCA licence. Kraken (Central Bank of Ireland) charges 0.40% maker and 0.80% taker on Kraken Pro; Bitvavo (AFM) charges 0.15% maker and 0.25% taker; Coinbase (CSSF, Luxembourg) charges 0.60% and 1.20% on Advanced; Bybit EU (FMA, Austria) charges 0.25%. None is as cheap as Binance’s 0.10%, but all are licensed to serve you.
Questions people ask
Can I buy Ethereum on Binance in the EU?
How much does it cost to buy ETH on Binance?
A spot order costs 0.10%, or 0.075% if you pay the fee in BNB, so a €1,000 buy costs €1.00 or €0.75. Card fees, deposit fees and the quick-buy markup were not published on the pages we could read.
Can I buy a fraction of an Ethereum?
Yes. You buy ETH by the amount of money you want to spend, so €50 buys a fraction of one ether. Binance's API listed a minimum order value of 5 units of the quote currency, such as 5 USDT or €5.
Why can't US citizens use Binance?
Binance.com does not serve US residents. Americans are served by the separate Binance.US, which has its own app, fees and coin list and is not covered in this guide.
Which network should I use to withdraw ETH from Binance?
Use the network your receiving wallet or exchange supports. The Ethereum (ERC20) network cost 0.00015 ETH on 23 October 2026; cheaper layer 2 networks such as Arbitrum only work if the receiving side supports them too.