Bank Statement Descriptor

BINANCEFraudulent Bank Statement Charge — Fake investment and crypto trading platform scams

MEDIUM — 60/100
Typical Amount

Amount varies

Community Reports

1

Scam Type

Fake investment and crypto trading platform scams

Last Reported

Today

What is this charge?

Binance appears on bank statements for crypto purchases, but can be associated with unauthorized charges in scam scenarios.

How much does BINANCE charge?

The charge amount for "BINANCE" varies. Victims have reported different amounts. Always check your full statement history for recurring charges.

Is BINANCE a scam?

"BINANCE" has been reported as potentially fraudulent. The threat level of 60/100 indicates significant risk. Proceed with caution.

What to do if you see BINANCE on your statement

  1. Freeze your card immediately — Contact your bank to block further unauthorized charges.
  2. Contact your bank — Call the number on the back of your card to initiate a dispute within 60 days.
  3. File an FTC report — Report at reportfraud.ftc.gov to create an official record.

How to Dispute This Charge

  1. 1

    Gather evidence

    Take a screenshot of the charge on your statement showing "BINANCE", the date, and amount. Save it as a PDF if possible.

  2. 2

    Contact your bank immediately

    Call the number on the back of your card or use your bank's app to initiate a dispute. Do this within 60 days of the charge date.

  3. 3

    Use dispute reason: "Unauthorized charge"

    State clearly that you did not authorize this charge and have no relationship with this merchant.

  4. 4

    File a complaint with the CFPB

    Submit at consumerfinance.gov/complaint — CFPB complaints are forwarded to your bank and require a formal response within 15 days.

  5. 5

    Follow up in writing

    Send a certified letter to your bank within 10 days of the phone call to create a legal paper trail. Keep the tracking number.

Report to FTC

reportfraud.ftc.gov

CFPB Complaint

consumerfinance.gov

IC3 (FBI)

ic3.gov

Frequently Asked Questions

What is "BINANCE" on my bank statement?
Binance appears on bank statements for crypto purchases, but can be associated with unauthorized charges in scam scenarios.
Is "BINANCE" a scam?
Yes. "BINANCE" is classified as a Fake investment and crypto trading platform scams with a threat level of 60/100 in the TitanAlert database. It has been reported by 1 consumer and is considered medium severity.
How much does "BINANCE" typically charge?
The charge amount for "BINANCE" varies. Victims have reported different amounts. Check your statement history for recurring charges.
How do I stop "BINANCE" from charging me again?
To stop future charges: (1) Contact your bank and request a new card number immediately, (2) Dispute all charges as unauthorized, (3) Search your email for any confirmation from this merchant and cancel any accounts, (4) File a complaint with the FTC at reportfraud.ftc.gov.

How many people have reported BINANCE?

1 consumer has reported this charge in the TitanAlert database. This community data helps others identify fraudulent charges quickly.

Were you charged by BINANCE?

Your report helps protect other consumers. Share your experience — amount, date, and resolution.

Report This Charge

Related Fraudulent Descriptors

Other fake investment and crypto trading platform scams descriptors in our database

TAX CLEARANCE FEE

⚠️Fake tax clearance for prize

CRITICAL

A significant charge for 'tax clearance' required to receive a large, fake prize.

$150.001 report

AMDA step one 866 790 6550

⚠️Blackmail/Fake profiles

CRITICAL

A billing descriptor for Ashley Madison, sometimes associated with blackmail scams and fake profiles.

Amount varies1 report

Ashley Madison

⚠️Blackmail/Fake profiles

CRITICAL

Charges from Ashley Madison, sometimes associated with blackmail scams and fake profiles.

Amount varies1 report
Back to all descriptors