Best For

      Beginners
      Advanced Traders
      Institutions
      American Citizens

Binance US is a centralized cryptocurrency exchange with 20+ active listed crypto assets. The exchange supports USD deposits and withdrawals, giving Americans more options for their crypto asset trading. Established in 2019, Binance US has a FinCEN-registered partner which fully licenses the exchange to serve US customers.

Binance US Exchange - 2020 Comprehensive Review

Overall Score:

6.5
Trusted
Liquidity:
4 of 10
Purchase Options:
8 of 10
Ease of use:
9.5 of 10
Trust:
9 of 10
Fees:
8.5 of 10
Support:
6 of 10

Binance US Exchange Overview

Trading Fees Maker: 0.1% / Taker: 0.1%
Exchange Type Centralized
Fiat Trading US Dollars
Purchase Options Bank Transfer, Crypto Deposits, Credit Cards
Android App No
iOS App No
Trading Options Spot Trading
Order Types Limit, Market, Limit-Stop
Exchange Token Binance Coin
Token Benefits Trading Fee Discounts
Charting Software TradingView
KYC Check Yes
KYC Rules All Accounts must KYC to trade.
IEO Platform No
Education Resources No
Convert Micro Balance Yes
Institutional Accounts No
Trading API Yes
Deposit Insurance No
Withdrawal Speed Fast
Customer Service Support Ticket System
Promotions Get $15 when you complete fiat account verification. Get additional $15 when your invited friends or family completes fiat account verification.

Binance US Trading Fees (Maker & Taker)

TierMonthly Volume RequirementMakerTakerMaker
Discount
Taker
Discount
Level 1$1.00 + BNB Balance = 1.000.10%0.10%0.08%0.08%
Level 2$50,000.00 + BNB Balance = 50.000.09%0.09%0.07%0.07%
Level 3$100,000.00 + BNB Balance = 200.000.08%0.08%0.06%0.06%

Binance US Withdrawal Fees

AssetWithdrawal FeesMinimum Withdrawal
BitcoinBTC0.00050.001
EthereumETH0.010.02
XRPXRP0.252
TetherUSDT1.12.2

Complete list of Binance US withdrawal fees per asset

Binance US does not charge deposit fees.

Binance US Markets & Volume

Rank

101

Total Assets

28

Total Markets

48

Volume 24h

$19,263,918.77

Volume 7d

$105,028,356.88

Volume 30d

$213,445,845.31

Binance US Top Markets

Crypto AssetsPricePairs24h Volume
BitcoinBTC$13,293.1613$12,437,968.75
EthereumETH$391.974$2,564,844.75
XRPXRP$0.254$936,276.28

Binance US Supported Stablecoins

Stablecoin AssetsPricePairs24h Volume
TetherUSDT$1.0028$7,838,493.34
Binance USDBUSD$1.0014$1,494,534.37

Binance US Exchange Alternatives

Rating6.5/108/107.5/10
Trading FeesMaker : 0.1%
Taker : 0.1%
Maker : 0.15%
Taker : 0.25%
Maker : 0.16%
Taker : 0.26%
Fiat TradingYesYesYes
Purchase OptionsBank Transfer, Crypto Deposits, Credit CardsBank Transfer, Crypto Deposits, Credit CardsBank Transfer, Crypto Deposits
Trading OptionsSpot TradingSpot Trading, Margin TradingSpot Trading, Margin Trading, Futures Trading, Forex Trading
IEO PlatformNoNoNo
Mobile AppsNoYesNo
HeadquartersUnited StatesSan Francisco, California, United StatesSan Francisco, California, United States
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Fiat Trading & Deposits - Users can link their bank accounts and deposit USD via ACH bank transfer (minimum of $1) or bank wire (minimum of $100). USD withdrawals are available via ACH bank transfer.
  • Low Trading Fees - Even for low-volume traders, Binance US sets fees for makers and takers at 0.1% respectively.
  • Legal Compliance - Binance decided to open a US-only exchange to ensure regulatory compliance. Binance US is registered as a money services business and has partnered with a FinCEN-registered entity.
  • Liquidity - Most markets on Binance US average well above $1M USD in 24 hour daily trading volume.
  • Excellent Reputation - Binance.com consistently ranks as a top cryptocurrency exchange and is regarded by most as the industry standard. As a result, Binance US carries forward this same reputation.

Cons

  • Location Restrictions - Binance US only allows US citizens to register and trade on the platform. Registration is currently unavailable for residents of the following states: Alabama, Connecticut, Florida, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Georgia, Vermont, and Washington.
  • No Margin Trading - Binance US does not currently offer margin trading.
  • Limited Crypto Assets: - Only 20+ crypto assets are available for trading on Binance US. Comparatively, Binance.com lists 160+ crypto assets.
  • No Mobile App - There is currently no mobile app for Binance US.

Frequently Asked Questions

When does Binance US open?

Is Binance US safe?

Does Binance US have a mobile app?

Does Binance US offer margin trading?

Who can use Binance US?

Summary

In June 2019, Binance.com began restricting US users to make way for the Binance US launch. Binance executives ultimately believed that this was necessary due to impending regulations.

Binance US has maintained considerable liquidity for their listed crypto assets and most importantly has provided Americans with an additional regulatory-compliant platform that accepts fiat deposits.

Overall, Binance US is still a work in progress. The exchange lacks a mobile app and has significantly fewer crypto assets listed compared to Binance.com. That being stated, Blockfer recommends Binance US for American users. We expect the platform to continue to improve as more trading features and new assets are listed.

Learn More Best Features

Binance US Official Website

  • Low trading fees; Maker: 0.1% / Taker: 0.1%
  • Staking rewards on major alt-coins like ATOM, ALGO, and XTZ.
  • Binance's advance trading engine and liquidity for US crypto traders.

Legal & Regulation - Facts & Figures

Legal Name Binance Holdings Limited
Incorporated Country Malta
Headquarters Singapore
Year Founded 2017
CEO Changpeng Zhao (aka. CZ)
Total Employees 251-500
Regulators Malta Financial Services Authority, Malta Digital Innovation Authority
Links Website, Crunchbase, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The cryptocurrency exchanges found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our exchange reviews and comparisons include: liquidity, purchase options, user experience, trading fees, trading options, listed assets, reputation, mobile experience, and customer support.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

Make Better Decisions With Your Crypto.
How We Earn Revenue
Make Better Decisions With Your Crypto.
How We Earn Revenue