If 2022 has taught us anything, it is that not all exchanges are created equal. If you’re searching for a trustworthy crypto exchange, you’ve landed in the right place with this Binance US Review.
This Binance US Review will provide insights into Binance US fees, Binance US Futures, supported assets, trading experience, and more. Whether you’re wondering “Is Binance US safe?” or comparing Binance US vs Coinbase or even Binance US vs Binance, we’ve got all the details covered.
Binance is the world’s largest crypto exchange, boasting millions of global users. To comply with U.S. regulations, Binance launched Binance US—an alternative for American traders, providing an experience tailored to the U.S. market. Through this exchange, users can easily complete a Binance US login to access various trading options, including Binance US Futures and spot trading.
For those looking to acquire stablecoins, the platform enables seamless transactions such as Binance US buy USDT. You can also explore the Binance US exchange app, available for download on multiple platforms, including the Binance U.S. app for Android and Binance US APK for direct installation. For traders looking for a secure and feature-rich exchange, Binance US remains a strong choice. However, if you’re seeking alternative trading platforms with even more insights and tools, check out YourTradingHub.
Binance US Review Summary
| Attribute | Details |
|---|---|
| Headquarters | California, USA |
| Year Established | 2019 |
| Regulation | Licensed and regulated at both state and federal levels. Registered as a Money Services Business with FinCEN. See the Binance US Regulations page for more details. |
| Spot Cryptocurrencies Listed | 140+ |
| Native Token | BNB |
| Maker/Taker Fees | Many free BTC and ETH trading pairs. Lowest: 0%/0.0375% Highest: 0.4%/0.6% |
| Security | High |
| Beginner-Friendly | Some trading tools and advanced trading concepts may be overwhelming to new users. |
| KYC/AML Verification | Yes |
| Fiat Currency Support | USD |
| Deposit/Withdraw Methods | Wire Transfer, ACH, Debit Card, Apple Pay |
Binance US Exchange Review
Binance US is a top-tier cryptocurrency exchange serving U.S. traders. The Binance US app is available for easy trading on mobile devices. Users can buy USDT on Binance US, log in via the Binance US login page, and manage their portfolio seamlessly. The Binance US exchange login process is secure, requiring KYC/AML verification.
The Binance US app download is available for both Android and iOS users. For Android users, the Binance US APK version allows easy installation outside the app store. Binance US exchange price tracking is accessible within the app for real-time crypto market data.
What is Binance US?
When it comes to cryptocurrency trading, Binance has established itself as a global leader, offering one of the most advanced and comprehensive platforms in the industry. Due to the stringent regulatory environment in the United States, Binance launched Binance US, a separate exchange tailored to comply with US regulations. This platform allows American users to trade various digital assets while maintaining many of the features that have made Binance so popular worldwide.
Binance US is operated by BAM Trading Services, a U.S.-based company, and functions similarly to its international counterpart. Users can access the platform via the Binance U.S. app, which is available for both Android and iOS, or by using the web interface for Binance US login.
Binance US enables users to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, and over 140 other assets. Users can execute trades against USD, USDT, and other stablecoins.
💰 Sign up to Binance US and trade 150+ cryptocurrencies on one of the top U.S. exchanges!
The Binance US exchange provides various features, including low trading fees, an intuitive interface, and strong security measures. Users can access the Binance US exchange app, allowing for seamless trading on mobile devices. The Binance US exchange login process is straightforward, ensuring easy access to the platform.
Overview of Binance and its History
Binance is the largest and most popular cryptocurrency exchange globally in terms of trading volume and customers, holding a dominant monopoly over the industry.
The exchange was founded in 2017 by Changpeng Zhao (CZ), a developer and entrepreneur with a background in finance. CZ studied at the prestigious McGill University in Montreal, Canada, earning a Bachelor of Science degree in Computer Science. He later worked as a software engineer in Tokyo before moving to Shanghai, where he founded Binance.
Binance quickly rose to prominence in the crypto community due to its extensive selection of trading pairs, low fees, and professional-grade trading engine, providing a seamless trading experience. Binance US was later launched in 2019 to cater to American traders while complying with U.S. regulations.
User Interface and Design of the Platform
Users can access Binance US through its website or via the Binance U.S. app, which is available for both iOS and Android. The Binance US app download is straightforward, with an APK version available for Android users who prefer direct installations.
Simple “Buy Crypto” Interface
One of the most significant advantages of Binance US is its Simple “Buy Crypto” Interface, making it easy for users to purchase crypto assets like USDT. Users looking to buy USDT on Binance US can do so seamlessly by selecting the “Buy Crypto” option after completing their Binance US login.
Binance US Advanced Trading Interface
For experienced traders, the Binance US exchange offers a robust advanced trading interface, providing real-time asset prices, order books, and market trends. Compared to other platforms like Binance US vs Coinbase, Binance US provides more trading tools, making it ideal for seasoned investors.
Those who prefer a more straightforward approach can use the one-click trading feature, perfect for beginners who don’t require in-depth chart analysis. Binance US fees are competitive, making it an attractive option compared to other exchanges.
Navigating the Binance US Exchange
After completing the Binance US exchange login, users can easily navigate different trading sections. The platform supports several payment methods, including ACH, debit card, and bank transfer. For high-value trades exceeding $10,000, OTC trading is available.
Users seeking mobile convenience can install the Binance U.S. app for Android or access it through the official website. If you’re wondering whether Binance US is safe, the platform implements high-security standards to protect user funds.
Comparisons & Community Insights
Discussions on platforms like Binance US review Reddit and Binance US review Trustpilot provide valuable insights into user experiences. One common debate is Binance US vs Binance, where traders compare the features of both versions. Additionally, concerns like Is Binance U.S. shutting down? are frequently raised but remain speculative.
Binance US Review: Features
Trading Interface
| Feature | Details |
|---|---|
| Trade Execution | Binance US offers high-speed trade execution with a powerful trading and matching engine. |
| User Interface | A contemporary and modern interface makes trading seamless. Users can place buy/sell orders and access TradingView charts. |
| Chart Views | Binance US allows switching between Original, TradingView, and Depth Chart views for better analysis. |
| Liquidity & Volume | High liquidity ensures no issues with order fulfillment, whether trading $10 or $10,000. |
| Comparison with Coinbase | Binance US is less beginner-friendly than Coinbase, but more suited for long-term active trading. |
| Limitations | Fewer trading pairs, no futures products, no leverage trading, and fewer earn products compared to Binance. |
Peer-to-Peer Trading
| Feature | Details |
|---|---|
| OTC Trading | Allows direct trading between buyers and sellers without transaction fees (spread applies). |
| Alternative to Charting | Great for users preferring direct asset swaps instead of a full trading interface. |
Binance US Earn & Staking
| Feature | Details |
|---|---|
| Staking Availability | Binance US offers staking on 23 coins with rewards up to 15%. |
| Reward Distribution | Rewards are calculated daily and distributed weekly. |
| Unstaking Time | Varies depending on the cryptocurrency being staked. |
Major Coins Supported for Staking
| Cryptocurrency | Symbol |
|---|---|
| Ethereum | ETH |
| Binance Coin | BNB |
| Cardano | ADA |
| Polygon | MATIC |
| Solana | SOL |
| Avalanche | AVAX |
| VeChain | VET |
| Cosmos | ATOM |
| Polkadot | DOT |
| Near Protocol | NEAR |
| Tezos | XTZ |
| TRON | TRX |
For a full list, visit the Binance US Staking Page.
Binance Academy
| Feature | Details |
|---|---|
| Educational Resources | Binance Academy provides extensive content on blockchain, cryptocurrency, and trading guides. |
| Learning Topics | Covers Binance DEX usage, blockchain fundamentals, crypto security, and more. |
| Quality of Content | Recognized as one of the best crypto education platforms. |
Binance Convert
| Feature | Details |
|---|---|
| Simplified Trading | Allows users to instantly swap crypto without an advanced charting interface. |
| One-Click Trading | Users select the asset they have and the asset they want, then click convert. |
Binance US Mobile App
| Platform | User Rating | Number of Reviews |
|---|---|---|
| Google Play | 3.8/5 | 110K+ |
| Apple App Store | 4.2/5 | 110K+ |
| Feature | Details |
|---|---|
| Device Compatibility | Available for iOS and Android. |
| Functionality | Includes all features from the web platform for seamless trading. |
| Ease of Use | Convenient for traders who need to monitor and execute trades on the go. |
Binance US vs Binance
| Feature | Binance US | Binance (Global) |
|---|---|---|
| Trading Pairs | Limited | Extensive |
| Futures Trading | ❌ No | ✅ Yes |
| Leverage Trading | ❌ No | ✅ Yes |
| Earn Products | Limited | Wide range |
| Regulations | Strict U.S. compliance | Less regulatory restrictions |
Binance US vs Coinbase
| Feature | Binance US | Coinbase |
|---|---|---|
| Ease of Use | Intermediate to Advanced | Beginner-friendly |
| Trading Fees | Lower | Higher |
| Trading Pairs | More than Coinbase | Limited selection |
| Advanced Trading Features | ✅ Yes | ❌ No |
| Best For | Active traders | Beginners |
How to Get Started Trading on Binance US
Getting started on Binance US is a fairly straightforward process. However, one of the biggest complaints from users is that it can take weeks to get verified. Some users report verification within 48 hours, while others mention waiting weeks—or even months! 😳
If you’re looking to buy crypto like Binance US buy USDT, trade efficiently, or access futures, this guide will walk you through the steps.
How to Sign Up for Binance US
- Visit the official website of Binance US exchange. If you don’t have an account, click the “Get Started” button at the top-right corner or in the center of the page.
- Fill in your personal details, including your email, new password for Binance US login, and confirm that you’re at least 18 years old. Make sure to review the Binance US Terms of Use and Privacy Policy.
- Confirm you’re not a bot (robots aren’t eligible… yet! 🤖). Luckily, they haven’t mastered CAPTCHA puzzles!
- Binance US will send a verification code to your email. Enter the received digits in the designated field.
- To secure your account, you’ll be prompted to enable SMS authentication. While this is the default, we strongly recommend switching to 2FA authentication via Google Authenticator later to enhance security and protect against SIM swap attacks.
- Enter the 6-digit SMS verification code, then click “Enable Authentication.”
- Congratulations! Your account is now created. But before you start trading on the Binance US exchange, you need to complete identity verification.
Binance US Review – How to Get Verified on Binance US
If you’re looking to trade crypto on Binance US, you’ll need to go through the verification process. This Binance US review will guide you step by step on how to verify your account, access different trading features, and explore the benefits of the Binance U.S. app.
Basic Verification on Binance US
If you’re signing up on Binance US, follow these steps to complete basic verification:
How to Get Verified on Binance US
- Log in to Binance US via the Binance US login page. If you haven’t signed up yet, create a Binance US account first.
- Navigate to the Account Dashboard and click on Verify Identity at the top.
- Enter the last four digits of your Social Security Number (SSN) as required by law.
- Provide your full legal name, date of birth (DOB), and SSN.
- Enter your residential address and confirm.
Verification Outcomes
- ✅ Successful: Depending on your state, you may need to review an Account Agreement or see an Identity Verification Successful screen.
- ⏳ Pending: Your documents are under review, and you’ll receive an email when the status updates. This process can take a few days.
- ❌ Unsuccessful: Verification failed due to incorrect or incomplete information. You’ll need to re-submit your details.
Basic Verification Benefits
Once verified, you can:
✔ Buy USDT on Binance US via Bank Transfer (ACH), Debit Card, or Apple Pay.
✔ Use the Buy, Sell & Convert Crypto feature, including Auto-Buys.
✔ Perform Crypto Deposits & Withdrawals.
✔ Access the Advanced Trading interface.
✔ Use Binance.US Staking and Binance.US Pay.
Advanced Verification (Optional)
For users looking for additional features, Advanced Verification unlocks more capabilities on the Binance US exchange:
Steps to Complete Advanced Verification
- Go to the Basic Info page in your settings.
- Submit ID Verification, using a Driver’s License, State ID, Passport, or Visa.
- Complete a Facial Recognition Scan via webcam or phone camera.
Advanced Verification Benefits
✔ All Basic Verification Features
✔ Wire Deposits & Withdrawals with Higher Limits
✔ Increased Limits for Bank Transfers, Debit Cards & Apple Pay
✔ OTC Trading
✔ API Trading
Trading Pairs, Liquidity, and Cryptocurrencies Available on Binance US
According to CoinGecko, there are currently 148 coins and 332 trading pairs available on Binance US, which, while fewer than most international exchanges, still offers a competitive selection that surpasses many U.S.-based exchanges. Users can easily access the platform through Binance US login on the Binance U.S. app or via the web.
Traders on Binance US exchange can buy, sell, and trade top cryptocurrencies, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Polygon (MATIC)
- Cardano (ADA)
Additionally, Binance US provides access to lesser-known assets like VeChain (VET) and Stacks (STX), ensuring traders have diverse options.
Market Liquidity and Trading Volume on Binance US
With deep liquidity, Binance US caters to both retail and institutional traders. The platform boasts a 24-hour trading volume exceeding $300 million, reinforcing its strong market presence.
For a complete list of tradable assets, visit the Binance US exchange Markets Page.
Binance US: Features & Key Highlights
| Feature | Details |
|---|---|
| Trading Pairs | 332 pairs available on Binance US |
| Cryptocurrencies | 148 listed, including BTC, ETH, ADA, MATIC, and more |
| Liquidity | Deep liquidity for efficient trading |
| Trading Volume | $300M+ 24-hour trading volume |
| Accessibility | Available via Binance U.S. app download, Binance us APK, and web |
| Fees | Competitive, with options for reduced costs |
| Futures Trading | Binance US Futures feature available |
| Security | Strong security features, raising the question “Is Binance US safe?” |
| Comparison | Binance US vs Binance, Binance US vs Coinbase |
| User Reviews | Check feedback on Binance US review Reddit and Binance US review Trustpilot |
| Mobile Accessibility | Binance U.S. app for Android and iOS |
| Availability | Binance US exchange login via web and app |
| Current Status | Users ask, “Is Binance U.S. shutting down?” – No official shutdown announced |
Fees and Pricing Structure
Binance US offers a tiered fee trading structure, where users are categorized based on their 30-day trading volume. The platform follows a Maker/Taker fee system, which is a common pricing approach in crypto trading.
Zero Fee Trading on Bitcoin and Ethereum
One of the standout features of Binance US is its fee-free trading for Bitcoin (BTC) and Ethereum (ETH) against USD and USD stablecoins like USDT, USDC, and BUSD. This initiative sets Binance US apart from other major U.S. exchanges, such as Binance US vs Coinbase, where similar features are unavailable.
In 2022, Binance US took the crypto industry by surprise by introducing zero-fee spot trading on Bitcoin, later expanding the benefit to Ethereum trades as well. This means users can buy and sell BTC and ETH without incurring any fees.
Binance US Fees Breakdown
Binance US fees are structured in tiers, offering some of the most competitive rates in the industry:
| Trading Tier | 30-Day Trading Volume | Maker Fee | Taker Fee |
|---|---|---|---|
| Tier 1 | Less than $10,000 | 0.6% | 0.4% |
| Tier 2 | $10,000 – $50,000 | 0.4% | 0.25% |
| Tier 3 | $50,000 – $100,000 | 0.2% | 0.1% |
| VIP Tiers | Over $100,000 | Custom | Custom |
📌 Users who pay with Binance Coin (BNB) get an additional 5% discount on trading fees.
Other Binance US Fee Considerations
- No Fees on Crypto Deposits: Users can deposit cryptocurrencies without any additional charges.
- Withdrawal Fees: Variable fees apply, depending on the cryptocurrency. Users can check the Binance US withdrawal fees page for details.
- Instant Buy/Sell Fee: Binance US charges 0.5% for using the Instant Buy/Sell feature. Advanced traders may prefer to use the trading interface to avoid this fee.
Deposits and Withdrawals on Binance US
Currently, Binance US has halted support for USD deposits, impacting direct fiat transactions. However, users can still buy USDT on Binance US and other cryptocurrencies using third-party services via debit cards, credit cards, and Apple Pay.
Deposit and Withdrawal Fees on Binance US
Below is a detailed breakdown of the deposit and withdrawal fees for various payment methods:
| Method | Minimum Withdrawal | Deposit Fee | Withdrawal Fee |
|---|---|---|---|
| Debit Card | N/A | 3.75% | N/A |
| Apple Pay | N/A | 3.75% | N/A |
Additionally, users may encounter withdrawal fees when transferring their crypto assets from Binance US exchange to an external wallet or another exchange. These fees depend on the specific cryptocurrency and are standard across most exchanges.
Security, Features, and User Experience
Security and Safety Measures
Binance US prioritizes security, ensuring that users can protect their accounts with the following features:
| Security Features | Description |
|---|---|
| Strong Passwords | Users must set strong, unique passwords. |
| Biometrics on Smartphones | The Binance U.S. app supports fingerprint and facial recognition for login. |
| 2FA (Two-Factor Authentication) | Binance US enforces 2FA via SMS or Google Authenticator to prevent unauthorized access. |
| Whitelist Crypto Withdrawal Addresses | Users can secure their withdrawals by allowing transfers only to pre-approved addresses. |
| Device Login History | Users can monitor and manage Binance US login attempts to detect suspicious activity. |
✅ Important Tip: 2FA is mandatory on Binance US. Google Authenticator is highly recommended, as SMS-based 2FA can be vulnerable to SIM Swap Attacks.
Binance US vs Binance: How Secure is It?
In 2019, Binance (the global exchange) experienced a hack where criminals stole over $40 million in BTC. However, Binance fully reimbursed affected users, and since then, security measures have significantly improved.
Certified, an independent security auditing firm, ranked Binance #4 globally, while Binance US ranks #7. Notably, Binance US was never affected by this hack and continues to maintain high-security standards.
How Binance US Protects User Funds
| Security Protocol | Implementation on Binance US |
|---|---|
| Cold Storage Facilities | Most funds are kept in secure offline storage. |
| 24/7 Monitoring | The platform continuously scans for suspicious account activity. |
| Multisignature & Threshold Signature Schemes (TTS) | Additional security measures to protect funds from unauthorized access. |
| Advanced Data Encryption | Protects user data and transactions from cyber threats. |
Binance US Support: Room for Improvement
When it comes to customer support, Binance US falls short compared to its international counterpart. Many users have reported issues, particularly with response times. After personally testing the Binance US login and live chat function multiple times, I found the service lacking. The fastest response took around 30 minutes, while in other cases, I waited hours—sometimes over 24 hours—to receive an email reply. This is not ideal for a platform that facilitates real-time trading.
Reviews on Trustpilot and Reddit echo this sentiment, with many users complaining about delayed responses and unresolved queries. However, it’s worth noting that platforms like Trustpilot may feature competitor-driven negative reviews.
For non-urgent issues, users can submit support tickets or browse the extensive Binance US Support site, which contains FAQs and tutorials covering the most common issues, such as Binance US exchange login, Binance U.S. app download, and Binance US APK installation.
One major downside is the lack of phone support. While this is common among crypto exchanges, competitors like Kraken provide exceptional customer service. If quick and reliable support is a priority for you, Kraken may be a better alternative.
If we were to rate Binance US support, it would sit somewhere around a C-: better than Coinbase and KuCoin, but not on par with Kraken or SwissBorg.
Conclusion
In summary, Binance US stands as a viable trading platform for those seeking affordability, security, and a diverse range of cryptocurrencies. However, its drawbacks—such as limited trading features, slow customer support, and regulatory uncertainties—are factors that users should carefully evaluate before committing to the exchange.
For traders focused on cost efficiency, Binance US remains one of the most competitive platforms, offering low trading fees and an extensive list of supported cryptocurrencies. Meanwhile, those prioritizing comprehensive customer support and regulatory compliance may find Coinbase or Kraken to be a better fit.
Looking ahead, the success of Binance US will largely depend on its ability to navigate regulatory challenges, enhance its customer support, and expand its trading features to compete with more comprehensive platforms.
For now, Binance US is a solid option but with room for improvement. Whether you choose to trade here or elsewhere, always ensure you conduct thorough research and assess the risks before diving into the cryptocurrency market.
Frequently Asked Questions (FAQs)
1. Is Binance US safe to use?
Yes, Binance US implements strong security measures, including two-factor authentication (2FA) and asset protection protocols, to keep user funds secure.
2. Does Binance US offer futures trading?
No, Binance US Futures trading is not available due to regulatory restrictions in the U.S. Users looking for futures trading should consider Kraken.
3. How do I log in to Binance US?
You can access your account through the Binance US login page via their website or the Binance U.S. app.
4. How do I download the Binance U.S. app?
You can download the Binance U.S. app for Android via the Google Play Store or install the Binance US APK from the official website.
5. What are the fees on Binance US?
Binance US is known for its low fees, and some BTC and ETH trading pairs are available with zero fees.
6. How long does Binance US verification take?
Verification times vary. Some users complete verification within minutes, while others may experience delays of days or weeks.
7. Is Binance US shutting down?
There is no official statement about Binance US shutting down, but regulatory scrutiny remains a factor to watch.
8. How does Binance US compare to Coinbase?
Binance US has lower fees and a broader crypto selection, while Coinbase is better for customer support and regulatory compliance.
9. What cryptocurrencies can I stake on Binance US?
You can stake 26 different cryptocurrencies, including Ethereum (ETH), Cardano (ADA), and Solana (SOL), with APYs up to 15%.
10. Does Binance US have phone support?
No, Binance US does not offer phone support. Users must rely on live chat, email, or the support ticket system.
