BINANCE US

Overview of BINANCE US

Binance.US, founded in 2019 in the United States, is a leading cryptocurrency exchange providing a diverse range of crypto assets, including Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. Boasting a comprehensive suite of trading services, from spot trading to staking and an NFT marketplace, Binance.US offers a user-friendly interface and low fees based on a tiered structure.

Pros and cons

Regulatory Authorities

BINANCE US is regulated by the Nationwide Multistate Licensing System (NMLS) under the MTL License. The Regulation Number for this license is 1906829, and the License Name is also BAM Trading Services Inc. This regulatory oversight further reinforces the exchange's commitment to compliance.

It is worth noting that BINANCE US has also sought regulatory approval from the Monetary Authority of Singapore (MAS). The Company Registration Number for this regulatory agency is 201811768M, and the License Name is BINANCE ASIA SERVICES PTE. LTD. While the regulatory status is mentioned as “Exceeded,” further information is needed to determine the specifics of this status.

Security

Binance US, with a superior uptime rate of 99.9% and a market-tested matching engine, offers its clients a reliable platform for trading with confidence. This robustness is also acknowledged by leading financial institutions globally, which rely on Binance US's sturdy APIs to access digital asset markets. Additionally, as one of the most licensed American crypto platforms, boasting 43 Money Transmitter Licenses, Binance US ensures strict compliance with international security standards. Regular audits of its platform and procedures further enhance its security positioning, making it a trustworthy and secure choice for crypto trading.

BINANCE.US APP

The Binance.US app is a mobile trading app that allows users to trade cryptocurrencies from anywhere in the world. With the Binance.US app, you can:

Buy and sell cryptocurrencies

Convert cryptocurrencies

Access spot trading

Stake cryptocurrencies to earn rewards

To download the Binance.US app, simply visit the Binance.US website from your mobile device and click on the “Download App” button. The app is available for iOS and Android devices. Once the app is downloaded, open it and follow the on-screen instructions to create an account or log in to an existing account. The app is now ready to use and you can start trading cryptocurrencies from anywhere in the world.

How to open an account？

The registration process of BINANCE US can be outlined as follows:

1. Visit the BINANCE US website and click on the “Sign up” button.

2. Provide your email address and create a strong password for your account.

3. Agree to the terms of service and privacy policy.

4. Complete the email verification process by clicking on the link sent to your email.

5. Enter your personal information, including your name, date of birth, and residential address.

6. Submit the required verification documents, such as a government-issued ID and proof of address, to verify your identity. Once your documents are approved, your account will be fully registered and ready for use.

How to Buy Cryptos？

Here's a step-by-step guide on how to buy cryptocurrency on Binance.US:

Log into your Binance.US Account:

Open your web browser or the Binance.US mobile app.

Enter your login credentials to access your Binance.US account.

2. Access the Buy Crypto Section:

On the web, click the “Buy Crypto” button.

On the mobile app, tap the “Buy & Sell” button.

3. Choose the Cryptocurrency:

From the drop-down menu, select the cryptocurrency you want to buy. Binance.US supports various cryptocurrencies.

4. Enter Purchase Amount in USD:

Enter the amount in USD that you wish to spend on buying the selected cryptocurrency.

5. Preview Your Purchase:

Click on the “Preview Purchase” button to review the details of your buy order.

6. Review Pending Buy Order:

Take a moment to review the details of your pending buy order, including the amount of cryptocurrency you're purchasing and the total cost in USD.

7. Confirm Purchase:

If everything looks correct and you are satisfied with the details, click on the “Confirm Purchase” button to complete the transaction.

8. Transaction Confirmation:

After confirming the purchase, you should receive a confirmation message or notification indicating that your order has been successfully placed.

Fees

The trading fees on BINANCE US are based on a tiered structure, where the fee percentage decreases as the trading volume increases. Users benefit from a fee structure that includes 0% fees on Tier 0 pairs and exceptionally low fees on other trading pairs, making it cost-effective for a wide range of users. The platform's unique approach ties trading fees to individual users' 30-day trading volumes, dynamically calculated on a rolling basis each day at 8 p.m. EDT.

Deposit & Withdrawal

Binance.US offers a variety of payment methods to facilitate the deposit and withdrawal of funds. Users can choose from options such as bank transfers, wire transfers, debit cards, and other electronic payment methods. The platform provides flexibility to accommodate different user preferences, allowing for seamless transactions.

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.

The payment processing time for Binance.US deposits made using debit/credit cards is typically instant. This means that your funds will be available immediately to trade cryptocurrencies. The payment processing time for mobile payments is typically 1-3 days.