At the time of writing, Binance has a 24-hour trading volume of over $7.6 billion. Binance.US, on the other hand, has a trading volume of over $15.2 million. If you want to withdraw funds from Binance, there’s a fee charged based on which crypto you’re withdrawing and how much. Crypto trading, spot trading, staking, conversions, market statistics, OTC trading.
Who Can Use Binance and Binance US?
For non-urgent queries, users can alternatively submit tickets or email support if they need assistance. The Binance Support site how to buy origintrail is a good resource for self-help though, with enough FAQs and tutorials to address the majority of common issues that users may face. The Binance Support site is a good resource for self-help though, with enough FAQs and tutorials to address most common issues that users may face. Binance fees were already the lowest in the industry, and they’ve upped the game even more as you can’t get much lower than free. For a full list of the cryptocurrencies available on Binance US, see the company’s Markets page.
Track over 41,000 crypto prices in real-time with ease.
However, Binance.US charges a 4.5% fee on debit card transfers, which is pretty steep. Binance.US also doesn’t list restricted cryptocurrencies like Monero and Zcash. Other well-known cryptos, like Kusama, Enjin, and Basic Attention Token, are not listed by Binance.US. Below is a table listing the features offered by Binance and Binance.US, with similar services highlighted. Trading volume represents the total amount of cryptocurrency transacted on an exchange within a certain period, most commonly a day.
Binance and Binance.US were separate entities by this point, and the Binance.US site wasn’t affected. If you’re interested in investing in crypto, Binance.US’s platform should offer most, if not all, of what you’re looking for. You can also open an account with another trusted platform that allows you to buy crypto with USD. Be sure to choose a platform that allows you to transfer crypto into and out of the platform. To transfer crypto that you bought with USD on a different platform to Binance.US, learn How to Deposit Crypto. All staking rewards are generated solely through blockchain validation, by the protocols underlying each supported staking asset, then passed onto you.
Binance US has a huge flex here, and that is that they are the only major US exchange to offer fee-free Bitcoin and Ethereum trading against USD and USD stablecoins. Peer-to-peer trading provides a great alternative for traders wanting to swap assets with other traders without needing the whole charting interface and high-speed trading experience. Binance US’s OTC portal allows trading directly between buyers and sellers, without transaction fees but there will be a spread that users are charged between the buy and sell price. For what it does offer, Binance US is well-designed and offers a positive user experience, with great options for automated recurring investments and automated dollar-cost averaging strategies for traders. In this article, we will take a comprehensive look at Binance US, a brief history of the Binance company behind the American counterpart, and explore its features, fees, and overall user experience. There’s a reason why Binance and Binance.US exist separately from one another.
- Alternatively, Guy also put together this handy Binance Beginner’s guide which is helpful for both Binance and Binance US users.
- Binance puts 10% of all trading fees into this fund, which has grown to $1 billion.
- For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein.
- The exchange also says that all online funds in its custodial wallets are generated by the company itself to fund user withdrawals, meaning customer crypto assets are safe offline.
That quick response time did indeed, save my entire trading account after experiencing a stop-loss glitch that exposed 100% of my capital to a trade in an extremely volatile market. It would be nice if Binance US support was as high quality as the international platform, but it doesn’t quite measure up. It is comforting to note that all U.S. dollar deposits at Binance US are FDIC Insured against bank failure for up to $250,000. There has been a lot of confusion about FDIC insurance and crypto exchanges over the past year. To clarify, crypto is not insured by FDIC, but any U.S Dollars deposited on Binance US are routed to bank accounts which are insured against bank failure. There are also withdrawal fees for moving your crypto holdings from your Binance US account into a crypto wallet or other exchange.
DIY Crypto Plans
To stay compliant with American regulations, Binance.US offers fewer currencies than Binance.com. Because Binance.US lacks many of the same advanced features, it may be less intimidating. David has been deeply involved with the cryptocurrency industry since 2017. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation. On the homepage, locate and click the “Register” or “Create Account” button. Mobile app users should tap “Sign Up” or “Create a Binance Account” to start the process.
Binance offers withdrawal in the form of both cryptocurrency and fiat money. Binance is popular for being the world’s biggest cryptocurrency exchange and because it charges very low fees of 0.1%, attracting investors worldwide. However, if making credit card purchases, an additional US$10 or 3.5% needs to be paid. The global version of Binance is one of the most famous cryptocurrency exchanges in the world.
Binance vs Binance US Review 2025: Pros, Cons, Which is Best!
Pro Tip❗ This goes for most exchanges, depositing fiat with a debit card is often the most convenient but can come with how to buy on margin hefty fees. Always try to use the lower fee, or free bank transfer/wire transfer methods if possible. As Binance is a global exchange, they process over 50 different fiat currencies with hundreds of different fiat and withdrawal methods available, all ranging drastically in fees and limits. There are too many to list in this article, but I’ll direct you towards the Binance fees page where you can find a full breakdown.
- Binance.US also prioritizes customer support, but it tends to focus more on accessibility.
- Providing financial education to those who need it most has always been a passion of mine.
- Binance operates on a Maker/Taker fee system, similar to most crypto exchanges.
- The US platform is only available to users located, incorporated, or registered.
The cryptocurrency selection available on both platforms is another point of divergence. Binance.US is designed to meet the needs of American customers while maintaining regulatory compliance. To top that off, both platform fee models are actually quite similar to one another, as well. So, instead of looking at them separately, we can discuss them both at the same time. On top of that, when comparing Binance US VS Binance, it’s very important to keep in mind the fact that while Binance is a global exchange, Binance.US is restricted to the US market. Furthermore, you can employ things such as IP whitelisting, or security notifications, for when you’re not using your account.
Both platforms offer truly world-class interfaces for trading execution, regardless of the type of trader. One notable limitation, which is common among crypto exchanges, is a lack of advanced risk management tools and options to do things like split stop losses and take profit levels, etc. To perform those types of actions, you’ll need an account on a platform like CryptoHopper or 3Commas to integrate with your Binance exchange. Today, Binance is the largest and most popular cryptocurrency exchange in the world, with tens of millions of users and billions in trading volume being conducted. The company continues to expand and innovate, with plans to launch new products and services in the future.
As a result, users may find that a specific currency they are interested in is unavailable on Binance.US. However, Binance.US continuously expands its offerings to include popular and compliant cryptocurrencies, ensuring that users can still access top-tier projects. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein.
Why are there two Binance apps?
The rigorous compliance measures can provide a sense of security for U.S. customers aware of regulatory scrutiny in the crypto space. Binance.US also prioritizes customer support, but it tends to focus more on accessibility. The platform offers a range of resources zrxbtc charts and quotes aimed at new traders, including beginner guides, FAQs, and dedicated support services. However, some users have noted that customer support response may not be as swift as on its international counterpart, especially during high-demand periods. In contrast, Binance.US offers a simpler fee structure that may be considered higher for certain types of trades. While there are no fees for deposits, withdrawal fees apply and are based on the asset.
If you’re wondering about Binance vs. Binance US and what’s the difference between these two exchanges, you are certainly not alone. Due to the similar branding employed by the two exchanges, it can be quite confusing to tell the difference. In this article, we’ll explain the differences between Binance and Binance US and explain their most important features.
But have in mind that if you’re looking for specific features, these evaluation points might be less important to you than others. Binance.US is a cryptocurrency exchange explicitly created for traders in the US. It offers around 150 cryptocurrencies, fewer than its global counterpart. However, it ranks amongst the top 10 cryptocurrency exchanges in the world mainly by its trading volume.