Binance.US Review 2021: Should You Use This Crypto Trading Platform?

Binance.US

With Binance.US, only United States investors can trade over 50 cryptocurrencies. These currencies include Binance Coin or BNB, Bitcoin, Ethereum, and more. It is the U.S. branch of Binance — the original international platform that U.S. users no longer have access to.Binance.US

It has very friendly tools for beginners, experienced members, and institutions.

Binance.US

Binance.US is a superb option for those forced to migrate from Binance or newbies in the crypto world. Please keep in mind that it has limitations on available cryptocurrencies. Also, it has incomplete U.S. coverage. It is ideal for US users.

PROS

Users can trade crypto for crypto without needing to convert it to real currency.

It’s the best option for US users to continue in the Binance-like ecosystem after being ejected from the official Binance in 2020

Great options for lots of cryptocurrency options versus other U.S. platforms

It helps you save money with a trading fee as low as 0.1%

CONS

Limited access in the US with seven states still excluded

It has fewer crypto options compared to the Binance platform and some US competitors such as Kraken.

Features of Binance.US

Digital wallet                      Store your cryptocurrency even when not trading in your Binance.US wallet

Access                              Use the app available in the iOS App Store and Google Play Store–or your browser to access your account

Low fees                             Enjoy fees as low as 0.1%

Recurring buys     Make investing easy with scheduled investments

Security                              Binance.US has a Certified Cybersecurity Score of 9.63

Crypto Storage

Leave your crypto safely in the wallet hooked to your Binance.US account.

Associated Fees

Users pay a fee of 0.1% flat. If you are going from the main Binance platform, there’s an increase in fees.

You can use BNB to fund trades at a discount of 25%. Traders who maintain a balance in their wallets can get automatic savings during trades.

Binance.US Services

Trading, buying, and selling currencies.

Users use the app to trade cryptocurrencies, buy and sell coins without a middle man. It’s very easy to use.

What Could Binance.US Change?

Actually, its limitations come directly from U.S. financial regulations. No wonder why it removed its U.S. users. But it still has limited cryptocurrencies in comparison to some other exchange platforms. People who abandoned Binance lost access to over 200 cryptos during the switch to Binance.US.

To make matters worse, Binance.US is not accessible in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont. To actually become the premier U.S. user crypto trading platform and digital wallet, it must be accessible to all the US states.

OTC Trading Portal

It uses an over-the-counter trading portal for sales of $10,000 and above. The portal allows clients to buy, sell and trade on their own time.

What Is Binance.US Best For?

It is best for beginners, advanced and institutional cryptocurrency traders. In late 2020, crypto exchange platform Binance ejected U.S. users. So, Binance.US was created. It operates with the same rules and functions as Binance. Only users in some states within the U.S can use it.

Crypto Trade Conversions

One unique feature of Binance.US is that it trades cryptocurrency for other cryptocurrencies. Also, for big sums of block size positions, it operates an over-the-counter trading portal that permits traders to trade personally.

It is best for traders looking for an exclusively crypto-based trading system. To trade between BTC markets like Ethereum, BNB, Uniswap, VeChain, Cardano, Bitcoin Cash, Tezos, Litecoin, and Chainlink, it’s the best.

Tools for Institutions

Binance.US has features for institutions. So firms can use their accounts to buy, sell, and trade crypto. It meets all the standards and regulations that lots of institutions are subject to about financial trades.

Also, there are built-in tools that take care of their needs like volume-based fees, matching engine endurance, and API integrations like REST, WebSocket, and WAPI. They can trade large block size positions with the OTC trading websites.

Binance.US vs. Kraken

Binance.US is on top of the game. It trades on more than 50 available cryptos and low fees.

COMPETITOR    BEST FOR

Binance.US        Low fees: 01% trading fee and a 0.5% Instant Buy/Sell fee

Kraken Widest variety of almost 60 cryptos for U.S. traders

Coinbase Pro     Streamlined use with simple navigation for beginners

Who Should Use Binance.US?

It can only be used by the U.S. Investors need an all-in-one digital wallet and crypto trading platform that facilitates and promotes pair trading.

Binance.US FAQ

Binance vs. Binance.US: What’s the difference?

There’s a difference. Binance is an international cryptocurrency exchange platform established by Changpeng Zhao.

But its American users were removed and directed to Binance.US. This is a different entity run by Catherine Coley and it follows US regulations to offer similar tools and trade options to users. People in the US no longer use Binance.

Is Binance.US a legitimate cryptocurrency exchange?

Binance.US  has a Certified Cybersecurity rating of 9.63. Yes!  It follows U.S. regulations on a cryptocurrency exchange.

Can you still use the original Binance in the U.S.?

No!  U.S. users cannot use Binance in the US and comply with rules and regulations.

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