Binance.US Review: Is it a Crypto Exchange You Can Trust?

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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Binance.US — a centralized exchange for U.S. citizens and an offshoot of Binance — is one of the largest cryptocurrency exchanges in the U.S.

Binance.US Binance.US
4.0
Fees: 0%-3.75% depending on payment method
Account minimum: $0
Pros:
  • Low trading fees
  • 125+ cryptocurrencies
  • Easy-to-use mobile app
  • Educational resources
Cons:
  • Not available in all U.S. states
  • Limited customer support
Promotion: No current promotion

Are you interested in trading crypto with Binance.US? The crypto company has low fees, offers dozens of cryptocurrencies and is among the most popular exchanges.

The cryptocurrency industry is largely unregulated, and hackers stole over $3 billion in customer funds in 2022 alone, so it’s vital to choose a company you can trust with your investments.

If you’re considering the Binance platform, I’ve provided a roundup here of everything you need to know about Binance.US and whether it’s a trustworthy company that’s right for you.

What is Binance.US?

Binance.us homepage
Binance.US website

Binance.US is a centralized crypto exchange based in California. Like Coinmarketcap, it is an offshoot of Binance — a global platform that founded Binance.US with other investors in 2019.

Binance executives, including founder Changpeng Zhao of China, started Binance.US in response to the nationwide ban on Binance in the U.S.

Binance.US differs from Binance in that it complies with U.S. regulations. Today, business executive Brian Shroder runs the company.

The company lets investors get involved with Binance from the United States. Users can buy, sell, trade or invest in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), Litecoin (LTC), and more.

How Does Binance.US Work?

Binance.US is an exchange platform for buying, selling and trading cryptocurrencies. It’s a place for new investors to purchase coins for the first time or experienced users to seek out new trades.

Binance.US offers common crypto coins and stablecoins that are fiat currencies. The company is among the most popular exchanges on the market.

Many users flock to Binance.US for its low fees, user-friendly interface and top-notch customer support. The company uses an order book to keep track of sales.

Binance users make money by selling assets to other crypto traders. You can also earn passive income by staking with Binance.US.

The Binance.US company earns revenue through transaction fees, e.g., maker and taker fees. Binance.US income also includes spot trading fees and a trading volume-based fee structure.

Binance.US Product Offerings

Here are the products you’ll have access to when you start an account with Binance.US.

Binance.US Exchange

The Binance.US Exchange is a platform for crypto trading and investing. Start a crypto wallet, take advantage of trading pairs or engage in margin trading in this blockchain-based exchange.

Binance.US is superior to similar companies, such as Coinbase, because it has a large selection of coins.

Users can enjoy features such as a user-friendly interface, staking and free trading options. There’s also a great mobile app available for IOS and Android.

Fees: Binance.US trading fees depend on the volume of your crypto trade, your VIP level and maker/taker fees.

Costs also depend on trading pairs — trading pairs in Tier 0 have no fees, while Tier 1 has minimal fees.

VIP Level30d Trade Volume (USD)Tier 0 MakerTier 0 TakerTier 1 MakerTier 1 Taker
VIP 1<$10 KFreeFree0.3000%0.4500%
VIP 2$10 K-$50 KFreeFree0.1875%0.3000%
VIP 3$50 K-$100 KFreeFree0.1125%0.1875%
VIP 4$100 K-$1 MFreeFree0.0750%0.1500%
VIP 5$1 M-$20 MFreeFree0.0600%0.1350%
VIP 6$20 M-$100 MFreeFree0.0375%0.1125%
VIP 7$100 M-$300 MFreeFree0.0150%0.0750%
VIP 8$300 M-$500 MFreeFreeFree0.0600%
VIP 9≥$500 MFreeFreeFree0.0375%

Best for: The exchange is ideal for beginners, advanced traders or anyone looking for low trading fees. Binance.US is for people who want centralized trading with peer-to-peer trading options.

Binance Staking

Staking is the act of investing your crypto assets with a trading platform. You let the company hold onto your funds for a while, and it gives you a percentage in return.

Binance.US is a popular place for staking, and the company can help you earn up to 16% annual percentage yield (APY).

APYs vary based on the kind of crypto coin you choose to stake. For example, ETH earns around 4.90% per year, and BNB is about 2.70%.

Advanced Trading Charts & Tools

Take control of your trading with Binance.US’s advanced tools and charts. You can customize your interface, view conversions and see real-time crypto values.

OTC Trading Portal

OTC trading is over-the-counter trading. It’s a form of peer-to-peer trading that you might find in a typical decentralized exchange such as Uniswap.

Use your Binance wallet to engage in trading. OTC trading with Binance.US allows buyers and sellers to interact directly and without an intermediary.

It’s great for advanced traders who don’t want their money to flow through a third-party account.

Binance App

Download the Binance app for easy crypto trading at your fingertips. It’s on the Apple and Google Play stores.

Your digital assets are available on the app, and you can connect a credit card, trust wallet or debit card. You can also initiate bank transfers for fast crypto trading.

In addition, you can purchase crypto with the app through wire transfer. Use or convert funds such as euros, British pounds or USDT.

Who Should Use Binance.US?

Binance.US is ideal for customers who want all the benefits of Binance, such as low fees and a wide variety of coins, but are in the United States.

It’s great for new traders or experienced investors. However, be aware that Binance.US is not available in all U.S. states.

Residents of Texas, New York, Vermont, Hawaii, Louisiana, and Idaho will need to look for an alternative crypto exchange.

Binance.US is not a stock brokerage but does offer crypto staking. Consider looking elsewhere for brokerage services if investing in cryptocurrency is not your goal.

How Does Binance.US Compare?

 
4.0
4.5
5.0
Account minimum:
$0
Account minimum:
$0
Account minimum:
$0
Fees:
0%-3.75% depending on payment method
Fees:
0% - 3.99% varies by type of transaction
Fees:
1% for cryptocurrency
Promotion:
No current promotion
Promotion:
Sign up and get up to $200 in crypto
Promotion:
Get a $10 bonus when you buy $100 worth of crypto (U.S. only).
4.0
Account minimum:
$0
Fees:
0%-3.75% depending on payment method
Promotion:
No current promotion
4.5
Account minimum:
$0
Fees:
0% - 3.99% varies by type of transaction
Promotion:
Sign up and get up to $200 in crypto
5.0
Account minimum:
$0
Fees:
1% for cryptocurrency
Promotion:
Get a $10 bonus when you buy $100 worth of crypto (U.S. only).

Getting Started with Binance.US

  1. Create a free account.
  2. Connect your bank account or payment method.
  3. Complete verification methods, such as two-factor authentication.
  4. Download the Binance.US app.
  5. Start buying, selling and trading crypto.

Is Binance.US a Crypto Exchange You Can Trust?

Binance.US is a crypto platform with many benefits. Enjoy low fees, top-notch security and varied crypto options when you sign up with Binance.US.

I hope you enjoyed this Binance review and are ready to decide on the company. Head to www.binance.com or Binance.US to get started with a Binance account!

Binance.US FAQs

Learn more about Binance.US through these frequently asked questions.

Is Binance.US safe and legit?

Binance.US is a legitimate company with many security measures.

Is Binance.US legal in the U.S.?

Binance.US is legal in all states except Texas, New York, Vermont, Hawaii, Louisiana, and Idaho.

Is Binance.US a Chinese company?

The parent company, Binance, is based in China, but Binance.US is a U.S. company.

What crypto can you buy on Binance.US?

You can buy dozens of cryptocurrencies on Binance.US. Popular currencies include Bitcoin and ETH.

Where is Binance.US exchange located?

Binance.US is in Palo Alto, California.

Binance.US

Buy, sell, and trade Bitcoin, Ethereum, and over 150 cryptocurrencies with some of the lowest trading fees in the US.

We earn a commission if you make a trade, at no additional cost to you.
  • Editor Rating
  • Rated 4 stars
  • 80%

  • Binance.US
  • Reviewed by:
  • Published on:
  • Last modified: January 31, 2023

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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