Q: Who Is the CEO of Binance?

The current CEO of Binance is Richard Teng . He became Binance’s chief executive after founder Changpeng Zhao (CZ) stepped down in November 2023 following a U.S. Department of Justice settlement. Before becoming CEO, Teng served as Binance’s Head of Regional Markets. Binance co-founder Yi He also holds a senior leadership role as co-CEO, with responsibilities covering areas such as daily operations, customer support, marketing and key parts of the Binance product ecosystem. Changpeng Zhao founded Binance in 2017 and remains closely associated with the company, but he is no longer its CEO.

Question 1

Is Binanc Legal in India?

Accepted Answer

Binanc is available to users in India and is registered with India’s Financial Intelligence Unit (FIU-IND) as a reporting entity. The exchange has also taken steps to comply with India’s Anti-Money Laundering (AML) requirements after resolving earlier regulatory issues. However, FIU registration should not be treated as a direct licence from the Reserve Bank of India (RBI) or the Securities and Exchange Board of India (SEBI).

Indian users can access Binanc platform, mobile apps and supported P2P services. However, the features and payment methods available may vary depending on the user’s account and local requirements.

Crypto Taxes in India

Indian crypto users must also follow the country’s tax rules for virtual digital assets. The supplied information states that crypto profits are subject to a 30% tax, while a 1% Tax Deducted at Source (TDS) may apply to relevant transactions.

Is B P2P Legal in India?

Binanc P2P is available in India, but users should take extra care when dealing with third-party payments. Community discussions have raised concerns about bank accounts being frozen when transactions are connected to suspicious transfers. Keep payments within supported P2P process, check advertiser details carefully, and maintain proper transaction records for reporting and tax purposes.

Question 2

How Much Is 1 Dollar in Binance?

Accepted Answer

The value of $1 on Binance depends on which cryptocurrency or stablecoin you want to buy. Based on the supplied figures, 1 US Dollar is approximately 0.001379 BNB, with BNB priced at around $727.19 per coin.

If you are looking at dollar-backed stablecoins, the value is different. 1 USD is generally equivalent to around 1 USDT or 1 USDC, while Binance USD (BUSD) was designed to maintain a 1:1 value with the US Dollar.

The exact amount you receive can change with market prices, exchange rates, fees and the trading pair you use. Before completing a transaction, check the live quote displayed by Binance for the most accurate amount.

Question 3

Can I Trust Binance?

Accepted Answer

Binance is a legitimate cryptocurrency exchange with a range of security measures, but using any centralised crypto platform still involves financial, regulatory and custody risks. Binance uses measures such as cold storage, two-factor authentication (2FA), anti-phishing codes and withdrawal address controls to help protect user accounts and assets. It also maintains the Secure Asset Fund for Users (SAFU) as an additional protection measure.

However, Binance has also faced significant regulatory and legal scrutiny. In 2023, Binance and its former CEO pleaded guilty to U.S. money-laundering violations and agreed to a $4.3 billion settlement. Binance's availability and services can also vary by country, with some regions subject to separate platforms or restrictions.

Another important consideration is custody. When you keep cryptocurrency on a centralised exchange, you do not control the private keys yourself. This means users should understand the risks of keeping funds on an exchange and use appropriate security measures.

Opinions among Binance users are mixed. Many traders consider the platform reliable for regular trading, while others remain cautious because of its regulatory history and ongoing uncertainty. If you use Binance, enable strong account security, check the rules and services available in your country, and avoid keeping more funds on the platform than you are comfortable with.

Question 4

How to Make $100 a Day on Binance?

Accepted Answer

Making $100 a day on Binance is possible through active trading or other earning methods, but there is no guaranteed daily income. For trading, the amount of capital and the percentage return both matter. Based on the supplied figures, earning $100 from a 3% to 5% daily return would require around $3,000 in trading capital. With only $1,000, you would need a 10% daily return, which involves significantly higher risk.

Short-term traders may use tools such as the Relative Strength Index (RSI) and Bollinger Bands to analyse market conditions, while stop-loss orders can help limit potential losses. However, cryptocurrency prices can move quickly, and attempting to make a fixed amount every day can lead to excessive risk.

If you don't have trading capital, Binance's Write to Earn programme through Binance Square may provide another option, where eligible creators can publish crypto market updates, analysis or educational content. Earnings may be based on factors such as content views, engagement and reach, with rewards paid in USDT according to the programme's applicable rules.

The key point is that $100 per day should be treated as a target, not a guaranteed income. Start with an amount you can afford to lose, understand the risks, and avoid increasing your position size simply to reach a daily profit target.

Question 5

Who Is the CEO of Binance?

Accepted Answer

The current CEO of Binance is Richard Teng. He became Binance’s chief executive after founder Changpeng Zhao (CZ) stepped down in November 2023 following a U.S. Department of Justice settlement. Before becoming CEO, Teng served as Binance’s Head of Regional Markets.

Binance co-founder Yi He also holds a senior leadership role as co-CEO, with responsibilities covering areas such as daily operations, customer support, marketing and key parts of the Binance product ecosystem. Changpeng Zhao founded Binance in 2017 and remains closely associated with the company, but he is no longer its CEO.

Question 6

Can I Withdraw from Binance login in India?

Accepted Answer

Yes, you can withdraw funds from Binance in India, but the available options depend on the services supported for your account. According to the supplied information, direct INR fiat withdrawals to an Indian bank account are not available through a direct fiat withdrawal channel.

One option is to use Binance P2P to sell cryptocurrency such as USDT for INR. You can receive payment from the buyer through supported methods such as UPI, IMPS or bank transfer. Check the buyer's profile and trading details carefully, and use Binance's supported P2P process to reduce the risk of payment or banking issues.

Another option is to transfer your cryptocurrency from Binance to an Indian exchange that supports INR withdrawals, such as CoinDCX or ZebPay. You can then sell the crypto for INR and withdraw the proceeds to your linked Indian bank account, subject to that exchange's requirements.

You can also withdraw cryptocurrency directly to an external private or hardware wallet. When doing this, carefully check the destination address and select a blockchain network supported by the receiving wallet before confirming the transfer.

Question 7

Can I Withdraw 1 Million from Binance?

Accepted Answer

Yes, you may be able to withdraw the equivalent of 1 million from Binance, but a large withdrawal can be subject to account limits, security checks, compliance reviews and the requirements of your chosen withdrawal method. The exact limits depend on your account, asset, currency, country and withdrawal channel, so check the limits displayed in your Binance account before starting a large transfer.

For a large withdrawal, plan the transaction carefully rather than trying to move the entire amount without checking the requirements. If appropriate, larger amounts can be handled in separate transactions, but you should not split payments simply to bypass Binance, banking or regulatory controls.

Use supported and compliant withdrawal channels, and avoid private P2P arrangements through social media or messaging apps. These transactions can increase the risk of scams or receiving funds connected to suspicious activity. For significant amounts, make sure your identity, source-of-funds information and receiving account details are in order before transferring the money.

Before confirming a large withdrawal, carefully check the destination details, network, fees, applicable limits and any security verification requested by Binance. For substantial sums, it may also be sensible to contact Binance support and your bank or financial provider in advance to understand their requirements.

Question 8

How Rich Is Binance CEO?

Accepted Answer

Changpeng Zhao (CZ), the founder and former CEO of , has an estimated net worth of around $110 billion, according to the supplied Forbes figure. His wealth is mainly linked to his ownership stake in and his holdings of BNB tokens. The same estimate places him among the world's wealthiest individuals.

Although CZ stepped down as CEO in late 2023 and Richard Teng took over as the company's current CEO, CZ remains closely associated with as its founder and a major owner. His exact wealth is difficult to calculate because the value of private-company holdings and cryptocurrency assets can change significantly.

CZ has also disputed some media estimates of his net worth, noting that such figures can be difficult to determine accurately. Therefore, published estimates should be treated as approximations rather than an exact measure of his personal wealth.

Question 9

How Much Is 1 Bitcoin in Binance?

Accepted Answer

The price of Bitcoin on changes continuously as the cryptocurrency market moves. Based on the supplied figures, 1 Bitcoin (BTC) is approximately $77,290.38 USDT on the Spot Market. The reported 24-hour trading range is around $76,046.58 to $79,890.00, showing how quickly the price can change.

The amount you need to buy 1 BTC therefore depends on its current market price at the time of your transaction. You can check the live BTC/USDT price on before buying or selling. Keep in mind that the displayed price can change between checking the market and completing an order, and applicable trading fees may also affect the final amount.

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