Is Binance available in India?
Binance is available to residents of India. After being blocked in early 2024 for operating without local registration, Binance registered with the Financial Intelligence Unit India in August 2024, paid a penalty, and resumed services. It operates as a registered reporting entity under Indian anti money laundering rules.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
Yes. As of June 2026 Binance is available to residents of India. The global platform was blocked in India in January 2024 for operating without registration, then registered with the Financial Intelligence Unit India in August 2024 and resumed services after paying a penalty reported at about 18.82 crore rupees. Indian users access the website and app and complete Know Your Customer checks. How crypto is taxed is a separate matter handled by the Income Tax Department.
What Binance is and the India position
Binance is the largest cryptocurrency exchange in the world by reported trading volume, operated by the Binance group of companies. It serves residents of many countries and, as of June 2026, is available to residents of India.
Binance is a custodial platform, which means it holds the assets in your account on your behalf rather than handing you the private keys. It offers spot trading, a range of crypto assets, and other products, with availability that can change by market.
Access in India was interrupted in early 2024 and then restored. In January 2024 Indian authorities blocked several offshore platforms, including Binance, for operating without local registration. Binance then registered with the Financial Intelligence Unit India and resumed services in August 2024.
Why Binance is available in India
- Blocking in early 2024. In December 2023 the Ministry of Finance issued show cause notices to nine offshore platforms, including Binance, and in January 2024 their websites and apps were blocked in India for operating without registration under the Prevention of Money Laundering Act (as of June 2026).
- Registration with the Financial Intelligence Unit India. Binance registered as a reporting entity with the Financial Intelligence Unit India in August 2024 and resumed services. Registration brings the platform under Indian Know Your Customer and anti money laundering obligations (as of June 2026).
- Penalty paid. Before registering, Binance was subject to a financial penalty reported at about 18.82 crore rupees for the earlier period of operating without compliance. The penalty was reported by Indian authorities and in the press (as of June 2026).
- Not legal tender. Crypto is legal to own and trade in India but is not legal tender, and there is no single dedicated crypto regulator. The main registration requirement for platforms runs through the Financial Intelligence Unit India (as of June 2026).
How residents access Binance
To use Binance in India, residents complete identity verification under Know Your Customer rules, which usually means providing a government issued identity document and personal details. This is a standard requirement for a registered platform and cannot usually be skipped.
Once verified, customers can fund the account and trade the assets and products that Binance makes available to the Indian market. Available products and funding methods can change, so confirm the current position in the app or on the Binance website before you act.
How crypto is taxed in India is handled by the Income Tax Department under the Central Board of Direct Taxes. In general terms, income from virtual digital assets is taxed at a flat 30 percent under Section 115BBH and a 1 percent tax deducted at source applies to transfers under Section 194S. See the India crypto tax page. This is general information and not tax advice, so verify your position with a qualified professional before filing.
Regulator and sources
The relevant authority for registration is the Financial Intelligence Unit India, part of the Ministry of Finance, and the relevant tax authority is the Income Tax Department under the Central Board of Direct Taxes.
- Financial Intelligence Unit India, registration of reporting entities under the Prevention of Money Laundering Act.
- Binance, public information stating that it is registered with the Financial Intelligence Unit India and serves Indian users.
- Press reporting of the August 2024 registration and the earlier penalty (for example Business Standard, TechCrunch, CoinDesk).
- Income Tax Department of India, provisions on the taxation of virtual digital assets (Sections 115BBH and 194S).
Binance is available to residents of India as of June 2026. It is one of several platforms available in the Indian market, so compare the exchanges that genuinely serve India before you choose.
Every availability status here is dated and checked against the named regulator's public register. We never place a link to a platform where it is not available.
Frequently asked questions
Is Binance legal in India?
Crypto is legal to own and trade in India, and as of June 2026 Binance is available to Indian residents after registering with the Financial Intelligence Unit India in August 2024. Crypto is not legal tender in India. Confirm the current position before acting.
Why was Binance blocked in India?
In January 2024 Indian authorities blocked several offshore platforms, including Binance, for operating without registration under the Prevention of Money Laundering Act. Binance later registered with the Financial Intelligence Unit India and resumed services (as of June 2026).
Did Binance pay a penalty in India?
Yes. Before registering, Binance was subject to a financial penalty reported at about 18.82 crore rupees for the period of operating without compliance, according to Indian authorities and press reports (as of June 2026).
Do I have to complete KYC on Binance in India?
Yes. As a registered reporting entity, Binance applies Know Your Customer checks, which usually means providing a government issued identity document and personal details. This is a standard regulatory requirement.
How is crypto taxed in India?
In general terms, income from virtual digital assets is taxed at a flat 30 percent under Section 115BBH and a 1 percent tax deducted at source applies to transfers under Section 194S, administered by the Income Tax Department. See the India crypto tax page. This is general information, not tax advice.
Rules change frequently. Exchange availability, registrations, and the rules that govern them can change at short notice and vary by region. The position on this page concerns Binance in India, is dated June 2026, and was last reviewed on 19 June 2026. Confirm the current status with the Financial Intelligence Unit India and the platform before you act.
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