BINANCE* Charge (What It Is + Is It Legit?)

Binance uses the truncated descriptor "BINANCE*" on bank statements because payment processors and card networks impose strict character limits on merchant descriptors, typically capping them at around 20-25 characters, which means the full company name gets shortened and followed by an asterisk to indicate it may be paired with a dynamic suffix such as a transaction ID or product type. The asterisk format is a standard convention used by payment gateways like Stripe or similar processors that Binance integrates with to handle credit and debit card transactions for exchange fees, account funding, and subscription services. If you spot "BINANCE*" on your statement, it almost certainly relates to a crypto trading fee, a deposit to your Binance account, or a recurring service charge tied to your Binance profile.

No, this is a legitimate charge from Binance. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.

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