Binance.US

Binance US Review

What is Binance.US?

Binance.US is America's home to safely and securely buy, trade, convert, stake, send, request, and receive digital assets. Binance.US has some of the lowest fees in the industry and is the only U.S. exchange that offers 0% transaction fees when buying or trading BTC and ETH. Binance.US provides secure and reliable access to over 150 of the world's most popular cryptocurrencies and over 25 staking assets.

Launched in September 2019 and headquartered in Palo Alto, California, Binance.US was established to serve U.S. consumers and adheres to U.S. regulations. Binance.US operates as an independent business from Binance.com, governed by a licensing agreement that shares the same brand and industry-leading technology stack. Start buying crypto on Binance.US now.

As the undisputed leader in the industry, Binance also has loads of money to spend on marketing. Here, for instance, is a video Binance made with footballer Cristiano Ronaldo in connection with its launch of its NFT series called The CR7 NFT Collection:

Trading Volume

At time of writing (20 March 2023), Coinmarketcap.com listed the trading volume of Binance.US as USD 827.4 million. This significant volume allows Binance.US to maintain a top-10 exchange ranking, currently sitting at 10th place. The platform boasts around half a million weekly visits and over $350 billion in total trading volume since its inception in 2019. 

Affiliate Program

Binance.US’s Affiliate Program allows you to earn rewards for sharing your passion for crypto. Invite your network to Binance.US and get $10 when your referrals complete $100 or more in buys or trades within 30 days of verifying their account. You'll also receive a 20% commission on fees from eligible buys and/or trades placed over the first six months of completing account signing up. Performance matters to Binance.US, which offers further earning opportunities for high-achieving Affiliates who bring in more active traders for the platform.

Availability In The US

Binance.US is available in 46 states and Puerto Rico, Guam, American Samoa, and Washington D.C. It is currently working towards offering its services in Texas, New York, Vermont, Hawaii, and six other territories. Customers will have access to over 150+ cryptocurrencies, more than 300 trading pairs, and over 5,000 convert pairs. 

Mobile Support

Binance.US provides a desktop dashboard as well as a mobile app with various features for account management. Logging in to your account presents an overview of your balance, purchase history, and previous logins. Additionally, you can deposit and withdraw funds and buy, sell, and trade crypto via the app. Mobile access is available to both iOS and Android users. To download, click here.

Binance.US Staking Services

Binance.US also offers a safe and secure staking platform. Customers can support the blockchain and earn crypto rewards the safe and smart way by staking any of the over 25 staking assets on Binance.US. Rewards are generated solely by the protocols underlying each token that is eligible for staking and distributed weekly, though customers can request to unstake their coins anytime. The time it takes for the coins to become available for trading again after unstaking varies by cryptocurrency.

You can start staking at their platform here.

If you’re interested in learning more about staking, the various staking types and where you can get the best staking rates, you can also have a look at our extensive Guide To Ethereum Staking.

Deposit Methods

Crypto deposits are free, though fees may apply when you withdraw crypto. Fees may apply to USD deposits or withdrawals depending on the payment method.

Fees are calculated and displayed on the “Preview Purchase” screen for your review before you approve the transaction in order to provide users greater transparency and no hidden fees.

Binance.US Trading View

There is no single "best" trading view; users should choose the view that best meets their needs. Binance.US offers an Advanced Trading product that has professional trading tools and charting capabilities, but users can also easily buy, sell, and convert crypto in seconds with our simple-to-use Buy, Sell & Convert feature. The standard  trading view features include an order book, the price chart for the selected cryptocurrency, order history, and buy/sell boxes.

When selecting an exchange, it's important to check out how its trading view looks and feels. Below is a picture of the trading views at Binance.US, captured on 20 March 2023:

Binance.US Fees

Binance.US Trading fees

Binance.US offers a tiered trading system, with Tier 0 feature zero trading fees, regardless of trading volume. Tier 0 includes Bitcoin pairs: BTC/USD, BTC/USDC, BTC/USDT, and BTC/BUSD and Ethereum Pairs: ETH/BUSD, USD, USDC, and USDT. 

All other trades fall under Tier 1. For trades in Tier 1, takers pay 0.60% per trade and makers pay 0.40% per trade.

The trading fee structure is further broken down by VIP level. VIP 1 applies to customers who have a 30 Day trading volume of less than $10,000. VIP 2 $10K - $50K, VIP 3 $50K - $100K and so on. Maker and Taker fees on Tier I trades follow in a similar fashion based on volume.

Customers should always check Binance.US's fee structure to determine the fees associated with the crypto pairs they wish to trade. Additionally, customers that utilize BNB receive a 25% reduction in trading fees, and VIPs are eligible for further discounts on maker/taker fees.

Binance.US Withdrawal fees

Cryptowisser experts have assessed Binance.US's withdrawal fees and found that they are determined according to the user's preferred method, their activity, and trading volumes. Withdrawals using cryptocurrencies vary from one coin to the next. These fees are calculated at the order confirmation screen when users are prompted to review their withdrawal to provide a transparent process.

Binance.US charges 0.0002 BTC per BTC-withdrawal, which is below the global industry average (being 0.0004599 BTC per BTC-withdrawal according to this report) and a quite competitive fee. 0.0002 BTC is if you withdraw on the regular Bitcoin blockchain. You could lower your withdrawal fees even further if you would just use the BEP20 chain (withdrawal fee then 0.000004 BTC per BTC-withdrawal) or the BEP2 chain (withdrawal fee then 0.0000067 BTC per BTC-withdrawal).

Web3 Products And Services

We touched on it before, but Binance.US offers a secure staking product that provides a ​​safe and smart way to stake any of the over 25 staking assets on the platform. Customer's rewards are earned and securely passed on with blockchain validation without any leverage or loan structures involved. 

Customers can use the Binance.US Pay feature to easily move their money, send, request, and receive crypto between other users instantly with zero fees. The platform also boasts a great crypto conversion feature, allowing customers to exchange one currency for another or fiat USD.

The advanced trading feature is great and provides access to 150+ of the world’s most popular cryptocurrencies, all through a professional and intuitive interface. For the more experienced traders looking to make over-the-counter (OTC) trades, they can request quotes for large trades quickly and easily. 

Compliance And Security 

A big priority for Binance globally over the past few years has been to improve its compliance and meet the regulatory standards of the various countries it operates in. Regarding Binance.US, it is FinCEN registered with 43 Money Transmitter Licences and on track to be the most licensed exchange in the U.S. 

For a platform that can perform some 1.4 million orders per second, it’s integral to meet the security standards to ensure customers that their funds are tied up and safe. The platform offers a robust compliance framework, requiring customers to complete KYC checks and AML screenings, and everything is tracked through on-chain monitoring. 

The crypto firm completed SOC 2, a voluntary certification of strict controls to ensure the security, confidentiality, processing integrity, availability, and privacy of all customer data on the platform. All customers will be protected by PCI DSS Compliance, which adheres to strict payment card industry data security, meaning any customers making deposits and withdrawals using cards can rest assured their payments will be carried out under rigorous security standards. Binance.US has also been awarded with ISO 27001 and ISO 27701 certifications, which are recognized as best-in-class by the International Standards Organization (ISO) and International Electrotechnical Commission (IEC).

To learn more about how Binance.US manages risk and protects investments, click here.