If you’re elsewhere in the world, then you can use the Binance global platform. Firstly, where are you located? If you’re in the U.S., then you can only use Binance.US. So you’re looking to get into cryptocurrency trading and have come across the two most famous exchanges – Binance and Binance.US. Spot Trading Fee Rate Should I use Binance or Binance.US? banks with up to $250,000 insurance granted by the Federal Deposit Insurance Corp. Quality standards of security as trusted by millions of users all over the worldĬash deposits are held in U.S. traders, and with a trading volume of approximately $28 billion Limited liquidity as it only caters to U.S. Recognized as an exchange with a massive liquidity pool, and with a spot trading volume amounting to $1.5 trillion
Offers a 0.25% trading fee discount for BNC holders Trading fees for other currencies range from 0% to 0.01% Has a $10-15 fee for Wire Transfer for a $100 minimum withdrawal No required minimum trading volume for bank transfer
The only major cryptocurrency exchange available in the United States that provides zero-fee spot trading for Bitcoin (BTC) across USD, USDT, BTC, and USDC (Kindly refer to the chart below to see Spot Trading fee rates) Offers 25% discount for traders who use BNB to pay fees US-based, but only available in selected statesĮach trade has a 0.1% standard fee for non-BNB payers
#BINANCE ACCOUNT US HOW TO#
(To learn how to withdraw your fiat money, please click here)ĪUD, AED, EUR, GBP, USD, ZAR, RUB,UAH, HKD, NGN, SAR, IDR, NOK, SGD, VND, INR, ILS, PEN, KRW, COP, KZT, PHP, SEK, NZD, KES, PLN, HRK, CHF, TWD, CZK, MXN, RON, THB, TRYĪvailable in many countries, excluding the US More than 130, including Bitcoin (BTC), Solana (SOL), Ethereum (ETH), Cardano (ADA), and VeChain (VET) More than 300, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dogecoin (DOGE), and the platform’s blockchain-based token Binance Coin (BNB) (To learn how to withdraw your digital coins, check it here) To better understand how the two platforms can be distinguished from each other, check out the table below. Notwithstanding its drawbacks, Binance.US’s trading tools, reasonable fees, and valuable trading materials can make it a viable choice for specific cryptocurrency traders.ġ4 Differences Between Binance and Binance.US This US-based exchange platform was a response to restrictions that impacted Binance operations in the U.S.ĭespite having a formal launch in the country, the exchange is yet to be available for New York, Vermont, Hawaii, and Texas residents. It was the outcome established by Binance and its United States partner, BAM Trading Services. Later in 2019, Binance.US was launched as a cryptocurrency exchange designed specifically for citizens of the United States. The company then realized it had to launch a parallel platform just for customers in the United States. In the years following its founding, it repeatedly clashed with governmental regulations from other nations, later including the United States.
However, Binance has faced challenges due to the rapidly evolving cryptocurrency market and government restrictions. Binance is recognized for its low charges, ample liquidity, and distinctive features that support smart trading, such as when it launched the parallel blockchain Binance Smart Chain. This centralized digital exchange has advanced swiftly to where it is now.Įventually, it became one of the most well-known cryptocurrency exchanges worldwide, catering to major coins such as Bitcoin (BTC) and Ethereum (ETH). What is Binance?īinance is a digital asset exchange founded by Changpeng Zhao and was launched in 2017. Binance.USĪre you one of the traders across the world who frequently ask the question: is there a difference between Binance and Binance.US?Īlthough the two were created with the same goal in mind-to offer a platform for competitive exchange-there are differences between the two that completely separate them from one another. Binance to see if there is a difference by comparing and contrasting the two exchanges in terms of their features, fees, supported cryptocurrencies, and more. So, what’s the difference between these two exchanges?įollow along as we will discuss Binance.US vs. If you’re based in the United States, you may have noticed that there’s also a Binance.US exchange. While Binance may be the most popular cryptocurrency exchange out there, that doesn’t mean it’s the only one.
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