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There are two main ways to do this: basic verification and advanced verification.įor basic verification, Binance.US allows traders to make U.S. Like other popular exchanges, Binance.US makes it easy to buy and sell cryptocurrency. For instance, crypto exchange security review site CER ranked Binance.US as one of the most secure exchanges as of October 2022, ahead of big names like Coinbase and Gemini. Binance and Binance.US were separate entities by this point, and the Binance.US site wasn’t affected.īinance.US rates highly on the security of its exchange. It should also be stressed that the hack occurred to the parent company, not Binance.US.Īlso, in October 2022, parent company Binance suffered another major hack that cost the platform more than $570 million in BNB. Binance.US wasn’t even in existence at the time. Most worrying, however, to crypto traders might be a 2019 hack that saw criminals steal more than $40 million in BTC off Binance. regulatory commissions, not the least of which is the CFTC. Binance has come into the crosshairs of a number of U.S. While Binance.US hasn’t engendered much controversy, the same can’t be said of its parent company Binance Holdings, the world’s largest cryptocurrency exchange. These withdrawal fees can range from a fraction of a cent for cryptos like BTC or around $27 for AUDIO. VIPs receive discounts on maker/taker fees.Īnother thing to keep in mind is that although Binance.US doesn’t charge deposit fees, there are variable withdrawal fees for each coin. Keep in mind that those using Binance Coin (BNB) receive a 25% reduction in trading fees. ADA/USD and DOT/USD are a few Tier II pair examples.Ĭustomers will want to check Binance.US’s fee structure to see the exact fees for the crypto pairs they want to trade. Tier II trades are a bit steeper and start at a 0.6% taker and 0.4% maker fee for trading less than $10,000 in a 30-day period on select Tier II asset pairs. A few examples of asset pairs under Tier I include ETH/USD and SOL/USD, to name a couple. Tier I trades start with a 0.2% taker and 0.1% maker fee for trades less than $10,000 on certain asset pairs within a 30-day period. All other trades fall under Tier I or Tier II. But this is limited to just four types of Bitcoin pairs: BTC/USD, BTC/USDC, BTC/USDT and BTC/BUSD. Commodity Futures Trading Commission (CFTC) for a host of potential violations.īy 2021, Binance completed its rerouting of U.S.-based users to Binance.US Feesīinance.US offers a tiered trading system to their customers. One of the reasons for the split had to do with the parent company facing an investigation by the U.S. If you’re interested in investing in crypto, Binance.US’s platform should offer most, if not all, of what you’re looking for.īinance.US split from its parent company Binance in 2019. Crypto is highly speculative and subject to volatility on the slightest bit of news. Regardless of what platform you use, remember that buying cryptocurrencies generally comes with a big buyer beware. edition of Binance offers fewer cryptos than its parent company supports in other geographical locales, and its educational resources are not as impressive. For users based within the company’s jurisdictions, this easy-to-use platform offers an excellent option among the world’s many crypto exchanges. In fact, some Bitcoin (BTC) pairs can be traded at no fee whatsoever. In addition, Binance.US carries high-security rankings as well as ultra-low fees. Staking is the ability to earn passive income on cryptocurrencies by using them as collateral to help facilitate building the coin’s blockchain.īinance.US is ranked among the top exchanges for staking in Forbes Advisor’s best staking platforms. Although this isn’t as many cryptocurrencies as parent company Binance offers international users, it should cover most cryptos an individual may be looking to trade.īinance.US also allows staking of 19 different cryptos, including Ethereum, Cardano (ADA), Polkadot (DOT), Polygon (MATIC), Solana (SOL) and The Graph (GRT), advertising yields as great as 12.5% annual percentage yield (APY). What Makes Binance.US a Good Choiceīinance.US offers more than 130 cryptos. It’s important to note that this crypto exchange is not available to residents of Hawaii, New York, Texas and Vermont.ĭespite these limitations, Binance.US remains one of the top 10 crypto exchanges in the world, according to crypto industry ranker. Its rock-bottom fees and extensive array of cryptos make it appealing to traders of all stripes.īinance.US is available to many, albeit not all, U.S. Binance is one of the world’s most widely used crypto exchanges-and for good reason.
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