Binance US trade volume and market listings - HostExpert

Below is a table listing the features offered by Binance and Binance.US, with similar services highlighted. While we cover a range of products, our comparison may not include every product or provider in the market. Always confirm important product information with the relevant provider and read the relevant disclosure documents and terms and conditions before making a decision.

Fees overview

Before you can even get started trading on Binance.US, you have to go through the rigorous verification process (which usually involves providing proof of identification). The reason for this is Binance.US’s commitment to certifications and compliance with regulations and insurers. Binance.US supports over 154 cryptocurrencies, but some notable assets are missing. Namely, Lido Staked Ether, TRON and Wrapped stETH, which are in the top 20 cryptos by market cap. In total, 15 of the top 20 cryptos are available on Binance.US. Binance.US also offers crypto domains, which simplify transfers, requests, and more by replacing complex wallet addresses with a custom domain name.

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It also offers robust staking reward opportunities, hundreds of crypto trading pairs, and unique features like crypto domains. Crypto.com offers 350+ cryptocurrencies and accepts more than 20 fiat currencies. Investors wanting access to crypto derivatives, comprehensive educational resources, and complex trading strategies (like strike options) are better off with Crypto.com. However, U.S.-based traders are limited to Crypto.com’s mobile app.

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However, another problem Binance.US might face as more and more cryptocurrency regulations are filed on the state and national levels. While Binance offers customer service via online chat, telephone, and 24/7 email, Binance.US can only assist customers via its 24/7 email service. Both Binance and Binance.US charge the same maker and taker fees of 0.1%. Deposits are also free for the most part, but fees may be incurred when depositing USD specifically. However, Binance.US charges a 4.5% fee on debit card transfers, which is pretty steep. Join millions of customers on the best crypto platform for low fees.

• Although the goal is to offer similar services to what Binance currently offers around the world, some details differ from those present in its global counterpart.
• Binance.US is a cryptocurrency exchange created by Binance and operated by BAM Trading Services.
• The app can be downloaded from Google Play and the Apple App Store.Binance.US is available as an app for Apple and Android mobile devices.
• It is available on desktop and mobile devices, and aims to meet the needs of all users, no matter their crypto experience.

You’ll have to pay a one-time charge of at least 10 USDT (aka Tether). the best in blockchain and cryptocurrency week 38 leaderboard Binance developed its own blockchain, Binance Smart Chain (later renamed to BNB Chain), which facilitates trades on the exchange. The native token of the blockchain is Binance coin (BNB) and the company has also launched a stablecoin, BinanceUSD (BUSD).

Keep your crypto safe and secure with our industry-leading security program. Start staking ETH, BNB, and ADA, alongside 15+ Proof-of-Stake cryptocurrencies. Support your there is no reason to sell what will happen to bitcoin and ethereum favorite projects and help secure their respective blockchain networks.

Its partner company, Binance, is one of the largest crypto exchanges in the world. While Binance.US has low trading fees compared to competitors, it offers a limited selection of digital assets to buy, sell, and trade, and it’s not available in every U.S. state. Coinbase is the better option for investors interested in the platform’s 500+ spot pairs, 0% maker fees, and access to margin trading. Coinbase also offers a larger selection of digital assets (240+ coins and tokens) virtual currency miners for sale and a wide range of account options, including IRAs and custodial accounts. Crypto.com is another popular large cryptocurrency exchange offering a wide selection of digital assets, secure wallet storage, and advanced trading features. While Binance.US and Crypto.com offer similar services, they offer different features, trading access, and reward opportunities.

The verification process can be lengthy, but it’s in place to help prevent fraud and other illegal activities. To date, Binance.US is the only major crypto platform in the U.S. to have never suffered a platform hack or breach. 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.

There’s free bitcoin trading on select pairs, and crypto deposits are free. The advanced verification requires users to follow the basic verification steps and provide a US Driver’s License, Passport, Green Card, or State ID card. In addition, Proof of Address, such as a bank statement or utility bill, will be needed. The verification process takes a few hours, and users can handle only digital assets. The platform provides access to more than 120 cryptocurrencies and offers over 60 trading pairs with digital assets like BTC, ETH, ADA, BCH, BNB, LINK, LTC and more.

Verification

And you can stake select crypto assets via Binance.US to earn a yield on them. Commodity Futures Trading Commission (CFTC) who sued CZ and Binance in March 2023, alleging the company knowingly offered unregistered crypto derivatives products in the U.S. You can find a complete list of supported cryptocurrencies here for more information.

In the future, the number of jurisdictions supported by the platform will be able to grow according to the regulations imposed by each of these states. Motley Fool Money is a Motley Fool service that rates and reviews essential products for your everyday money matters. However, it is not clear whether these measures also apply to Binance.US. One would assume so, but it would be helpful to find a security-specific page on the Binance.US platform. We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The final output produces star ratings from poor (one star) to excellent (five stars).

Zhao on Tuesday resigned as CEO and pleaded guilty to federal money laundering charges. US officials called the settlement the biggest-ever corporate resolution involving criminal charges for an executive. But Binance’s future at the top of the crypto world is now far from certain as it faces a record $4.3 billion payout to US authorities to resolve criminal charges. As of 2024, no final resolution has been reached, and the exchange still operates independently and adheres to US regulations while the SEC and Justice Department continue their investigations.

In most instances, this doesn’t have any negative effect on a user’s account. However, many of the cards offered by competing exchanges allow customers to use the value of their crypto as collateral for credit or debit purchases. Binance.US doesn’t offer the full 350+ cryptocurrencies traded on parent-company Binance’s platform. However, with more than 130 cryptocurrencies supported, most traders will find what they’re looking for on Binance.US. 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.