Swappas

A reference table of 31 crypto swap venues, scored on six axes. No affiliate links, no paid placement.

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Binance

KYC required Custodial exchange

4.3/10 total

The largest exchange by volume with the lowest headline spot fees, offset by a long history of regulatory action including a $4.3B US settlement, and mandatory verification everywhere it operates.

Scores

No-KYC 0
Fees 10
Privacy 1
Custody 3
Record 6
Coverage 10

Weights are published in the method and applied identically to every entry.

For

  • Deepest liquidity and lowest spot fees of any major exchange
  • Enormous asset and chain coverage
  • Fast withdrawals on most networks

Against

  • Mandatory KYC, tightened repeatedly since 2021
  • Extensive regulatory history including a $4.3B US settlement
  • Has frozen user funds at law enforcement request
  • Jurisdictional structure makes recourse unclear

Agent access 4/10

Deep API coverage, entirely behind a verified account and issued keys.

Reported separately and not counted in the total. It measures what an autonomous agent can do unattended, not whether the service is safe to use.

Fees

0.10% maker/taker, 0.075% with BNB

Among the cheapest spot fees anywhere, and the BNB discount applies immediately without a volume requirement.

Specification

Type
Custodial exchange
KYC policy
KYC required
Custody model
custodial
Account required
yes
Assets
350+
Chains
60+
Operating since
2017
Jurisdiction
multiple
Onion service
no
Works without JS
no
Open source
no
Facts checked
2026-07-31

Links

https://binance.com

Plain links, no referral parameters. Verify the domain yourself; phishing clones of every service in this table exist.