Binance.US offers over 120 cryptocurrencies and is not available to users in Hawaii, New York, Texas, and Vermont. Despite its limitations, the U.S. platform’s trading tools, low fees, and valuable educational resources could make it a decent option for certain crypto traders. It has a 24/7 live chat function that can give basic assistance and allow users to connect to live agents for more complex inquiries. But users with more specific queries need to fill out a form and wait for an email response.

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But you can deposit, withdraw, convert, trade and stake crypto. It also boasts an intuitive website and one of the best mobile apps in the industry. The app has high ratings in the Apple and Google app stores. Additionally, Binance’s mining pools come with a fee of 0.5% to 2.5% depending on what pool you’re in. Binance’s cloud mining pools charge users a 2.5% fee and a 1.5% management fee. However, staking on Binance, as well as deposits, are entirely free.

Zhao believes that the exchange should be as decentralized as cryptocurrencies. Fast forward, things escalated in October 2023 when the agency filed formal charges against both Binance entities and CEO Changpeng Zhao (CZ). The US Department of Justice also got involved, accusing Binance of violating anti-money laundering (AML) and sanctions laws. You can find a complete list of supported cryptocurrencies here for more information. Emma lives in Bogota, Colombia, where she owns the English-language newspaper The Bogota Post.

However, even though there is less liquidity with Binance.US, it is still a large cryptocurrency exchange with a good level of liquidity. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. We also considered if the exchange is regulated by a proper agency or entirely decentralized. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review.

However, if the user needs immediate help or has an extremely intricate question, this may not be ideal. The reason Binance.US isn’t currently available across the entire U.S. is due to regulatory requirements that Binance.US is either unable or unwilling to meet within the listed jurisdictions. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

You can stake your assets on Binance.US by submitting a request. Once processed and approved, your assets will be staked to the validator’s nodes, and you’ll start earning rewards based on that asset’s rate. You can unstake your cryptocurrency at any time by submitting a request. Most platforms require you to verify your identity in order to access the features that will help you learn how to trade crypto. To make the process as easy as possible, assemble all the necessary information before you start. More experienced investors, though, will gravitate toward Binance.US’s Advanced Verification.

The question for you as a prospective user is whether the platform’s robust features outweigh these uncertainties. As a potential Binance.US user, you want to know the issues impacting the platform and its parent company before signing up for an account. There’s a reason why Binance and Binance.US exist separately from one another.

Binance doesn’t offer this type of protection since it’s unavailable in the U.S. Binance is not available in the United States, and users with a U.S. internet address are directed to the Binance.US website. In the future, the number of jurisdictions supported by the platform will be able to grow according to the what is a good liquidity ratio regulations imposed by each of these states. The following sections will explain this platform’s main features and differences from its global counterpart. While users don’t have the option to speak to someone directly, the Binance.US Support page has an extensive list of FAQs. This resource could be helpful for those who need answers to more general questions.

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It is also worth mentioning that the team behind Binance.US has not confirmed with 100% certainty that it will be adding new digital assets in the future. Everything depends on the regulatory environment and how the exchange deals with regulators in the United States. This advertisement contains information and materials provided by Robinhood Financial LLC and its affiliates (“Robinhood”) and Publisher, a third party not affiliated with Robinhood. Securities offered through Robinhood Financial LLC and Robinhood Securities LLC, which are members of FINRA and SIPC.

We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site. Blueprint does not include all companies, products or offers that may be available to you within the market. If you want to stake via Binance.US, you’re also in for an unpleasant surprise.

Can I use a Binance.com account on Binance.US?

As is the case with many crypto exchanges, Binance does charge fees in certain scenarios. In typical trades, a maker fee and a taker fee of 0.1% are charged. In addition to traditional trades, Binance offers a variety of products related to crypto. The exchange supports crypto futures, which trade cryptocurrencies at a predetermined price at a specific time in the future. It also supports margin trading, which allows users to trade using borrowed money.

1. Staking essentially loans your crypto assets to help secure and validate the assets’ proof-of-stake (PoS) network.
2. You can also consider what other products and services are available through the cryptocurrency exchange as you make your decision.
3. Binance.US charges a hefty 20% service fee on staking rewards, which will deduct a fifth of your overall earnings.
4. Regardless of what platform you use, remember that buying cryptocurrencies generally comes with a big buyer beware.

Binance.US and Binance are both known for their low fees, so frequent traders can benefit from these exchanges. However, if you’re interested in a Binance-branded exchange and are based in the United States, Binance.US is likely to be your choice. As you compare Binance.US vs. Binance, it’s important to consider the issue of accessibility. For U.S.-based cryptocurrency traders, Binance isn’t a viable option, as it’s not available in the United States.

Additionally, Binance offers crypto lending and an NFT marketplace. Another element both exchanges excel at is offering access to major cryptocurrencies that enable you to buy bitcoin, ethereum, and more. You can buy, sell, and trade major cryptocurrency pairs or use fiat currency to make purchases. In general, makers contribute to the exchange’s overall liquidity and currency availability, and takers don’t. Binance uses a tiered fee structure based on whether you’re a maker or taker and your 30-day trading volume.

Commodity Futures Trading Commission (CFTC) for a host of potential violations. Regardless of what platform you use, remember that buying cryptocurrencies generally comes with a big buyer beware. Crypto is highly speculative and subject to volatility on the slightest bit of news.