She began her editorial career at a financial website in the U.K. Over 20 years ago and has been contributing to The Ascent since the summer of 2019. To get started, register for a Binance.US account online or download the Binance.US app. In this situation, it’s a good idea to have a bit of prior experience with trading to avoid confusion. Use the market order feature when you want to complete your trade immediately. This will make it easier to deposit, withdraw, and manipulate your funds later on.
Accessibility
Cryptocurrency trading offered through Robinhood Crypto LLC. Robinhood Crypto and Publisher are not a members of FINRA or SIPC and cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance. Binance.US offers user-level security features such as two-factor authentication (2FA) and conducts a rigorous Know Your Customer (KYC) verification check for all new users. Binance.US stands out for its low-fee approach to crypto investing and it has a good list of available cryptocurrencies. However, it faces significant regulatory issues, including charges of securities violations. If you’re looking for higher staking rewards, Binance.US is your best option.
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The highest fee for spot trading on Binance is 0.10% and becomes gradually lower for higher tiers. You could further reduce your fees by 25% by using BNB coin to pay your trading fee. Additionally, Binance offers access to a non-fungible token (NFT) marketplace and crypto loans. The exchange partners with Visa to offer the Binance Visa Card, a rewards debit card that uses BNB coin. Binance is the biggest cryptocurrency exchange in the world by daily volume. Instead, crypto investors based in the U.S. who want to use Binance instead need to turn to Binance.US, the sister company to Binance.
Look for a versatile account that comes with advanced trading API, real-time book orders, charting tools, and trade history so you can track and manage your activities easily and efficiently. Binance.US has a preferred crypto wallet partner, Trust Wallet, which is owned by parent company, Binance. Of course, not all of Binance.US’s competitors offer phone support either. So this may not be seen as a drawback for more experienced crypto traders. 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. Another thing to keep in mind is that although Binance.US doesn’t charge deposit fees, there are variable withdrawal fees for each coin.
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These withdrawal fees can range from a fraction of a cent for cryptos like BTC or around $27 for AUDIO. If the SEC’s lawsuit succeeds, serious what is an api key legal and operational fallout could occur. Cryptocurrency exchanges like Binance.US exist in murkier, less regulated waters than typical online brokerages.
But users can also easily withdraw funds to other crypto wallets. Binance.US is a popular cryptocurrency exchange with low fees and a solid range of cryptocurrencies. On the downside, it continues to have serious issues with regulators worldwide, and it’s not licensed to operate in every U.S. state. Read our full Binance.US review to find out if this is the right crypto exchange for you.
Binance.US is available to most U.S. residents, unlike parent company Binance. But full access to customers’ holdings and transactions is not available. But regulatory organizations like the SEC have levied many allegations against Binance.US and Binance. Concerns remain regarding the company’s financials, how the exchange operates and its relationship with Binance.
- Staking is different from lend-earn products, in which platforms actually lend out your assets and pay you interest.
- Staking services are available through a third party service provider who holds staked assets and funds in an offline cold wallet.
- Trading pairs are two crypto assets that can be exchanged for one another.
- In fact, makers who trade more than $10 million over 30 days don’t pay any trading fees on Binance.US.
- These two platforms share certain features, layouts, and fees, but there are important differences to consider before you sign up for either.
Binance.US receives mostly negative feedback from users on third-party sites. Several reviewers report issues with trades, deposits, withdrawals, and the identity verification process. However, the platform receives a handful of positive reviews as well, with users praising its low fees. To purchase or sell cryptocurrency on Binance.US, log into your account and click the “Buy Crypto” button. If you prefer to trade, you can click “Trade” to view market performance or make trades on the platform’s advanced and OTC portals. The advanced portal integrates with TradeView and features a candlestick chart, real-time pricing, and access to your order history.
We receive compensation from the products and services mentioned in this story, but the opinions are the author’s own. Learn more about how we make money and our editorial policies. Binance.US is the United States branch of the recognized and popular cryptocurrency exchange Binance. 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. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions.
To date, Binance.US is the only major crypto platform in the U.S. to have never suffered a platform hack or breach. On Nov. 21, 2023, Binance and its CEO, Changpeng Zhao, pleaded guilty to money laundering charges. Binance agreed to pay $4.3 billion to settle charges; Changpeng Zhao stepped down as CEO and agreed to pay $50 million toward the settlement. On June 5, the SEC charged Binance Holdings Ltd., BAM Trading Services Inc., and their founder, Changpeng Zhao, with various securities law violations. In addition to buying and selling cryptocurrencies, Binance.US also supports staking certain coins, which is a form of supporting their blockchains in exchange for a reward.
We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. Ultimately, you are responsible for your financial decisions. FinanceBuzz is not a financial institution and does not provide credit cards or any other financial products. Binance.US, on the other hand, is available in most U.S. states. While it is restricted in a few states, it is more widely accessible, so active traders looking to save on fees might find this an acceptable alternative.
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Both Binance.US and Binance claim to offer advanced security features on their websites. They also offer two-factor authentication, requiring an extra step in the verification process for your logins. You could receive the same 25% discount on fees when using the BNB coin to pay them.
