The latest review of BinanceUS A Low-cost Exchanges for US Investors

 The latest review of BinanceUS A Low-cost Exchanges for US Investors

Binance.US is a well-known cryptocurrency exchange with low rates and a wide range of cryptocurrencies. Instead, it is not licensed to operate in all U.S. states and its parent company is working on more regulations. To find out if this is the right cryptocurrency for you, read our full Binance.US review.

Full Binance.US Review

This digital currency exchange is suitable for: experienced traders who offer lower prices than anything else.

professional

Low price

A powerful list of cryptocurrencies

Possibility of passive income

Specific products for institutional investors

These things are wrong

These features are limited compared to international websites

Concerns about the rules

Credit card transfers are not accepted.

Not available in all US states.

There is no customer service.

Larger capacity

Low price

One of the main attractions of Binance and Binance.US is its low price structure. Traders pay a maximum of 0.1% for the creator/receiver, which is very competitive compared to other platforms. Another benefit is that many Binance.US cryptocurrencies can be purchased directly in US dollars. So you do not need to pay two sets to convert a dollar into a stable currency, and then use the stable currency to buy your cryptocurrency.

A powerful list of cryptocurrencies

There are over 60 cryptocurrencies on the Binance.US platform. This is not the best option: some forums post more than 100 coins and arguments. But this is far from the worst because there is a platform that allows you to buy only Bitcoin (BTC).

Ways to get passive income

Binance.US allows users to play with limited coins on their platform. Stacking involves writing your own coins for a limited time to earn a reward. Some cryptocurrencies rely on accumulation as a way to verify new transactions and secure networks. Accumulation varies from debt construction products in that the platform lends you money and charges you interest.

What can be fixed?

These features are limited compared to international websites

Binance's homepage is a giant with hundreds of cryptocurrencies and all sorts of sophisticated trading tools. Pales vs. Binance. the US. But to be fair, it is about US legal guidelines and not Binance.US products.

Concerns about the rules

Binance.US has no problem with the regulator. However, Binance faces legal challenges in several countries, including Japan, the United Kingdom, Canada, Singapore,, and Thailand, and the U.S.-based Bloomberg reports that the U.S. investigation continues, despite the allegations.

Until last year, Binance prioritized the user experience over regulatory issues. However, he seems to have changed his tune, in part because of the challenges he faced. Binance says it will increase its compliance group by 500% by 2021. As regulators focus on cryptocurrencies worldwide, it remains to be seen whether the new bankruptcy methods are sufficient.

Credit card transfers are not accepted.

Binance.US is not the only one refusing credit card payments. Of course, it is not always a good idea to try to buy cryptocurrencies with a credit card. You may face additional fees from your card issuer, in addition to borrowing money for a more risky investment. However, it is a bit bad.

Not available in all US states.

Binance.US is not available in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont. In these states, cryptocurrency traders will have to find another exchange. See our list of major cryptocurrency and conversion programs for more options.

Customer service

Binance.US does not have a client support network. There is an automated live chat feature that can provide basic support. But users with more specific questions should fill out the form and wait for the email to be answered. This is a problem for many cryptocurrency exchanges, as users want more help, especially if they try to report fraud or suspicious activity.

Options to consider:

If you want a robust controlled conversion: Gemini is a well-known cryptocurrency that tries to stand up to regulators. It is also available in the United States and has many learning resources.

For other cryptocurrencies: Coinbase gives customers more options in cryptocurrency trading that can be legalized by giving preference to the valuation of all currencies. However, users should be aware that Coinbase fees may increase.

How Binance.US works

Binance launched Binance.US to ensure that changes to its cryptocurrency comply with US regulations. Users can buy, sell, trade, and store cryptocurrencies on the platform. Available for PC and mobile devices, it aims to meet the needs of all users, regardless of their coding experience.

Initial investment: New cryptocurrency investors can deposit the amount they want to spend and buy cryptocurrency immediately. The platform also allows users to replicate those trying to adopt a mid-dollar investment strategy.

Experienced Traders: Experienced traders can use advanced trading platforms. Drawing tools, direct order books, limited orders, and stop board ordering features will attract high-value cryptocurrency investments.

Investment organizations. Binance.US has a VIP team supporting institutional investors. It includes an OTC trading portal, 24/7 support, real-time data, and low fees.

Binance.US has a portfolio that allows customers to retain their assets on the platform. However, many investors prefer to transfer their funds to an external portfolio that they manage.

Binance.US gives customers access to Trust Wallet partners who support thousands of assets. However, users can also easily withdraw money from other cryptocurrency wallets.

Exchange rate overview

Binance.US charges three fees: deposit, withdrawal, and trade. It depends on how you deposit your monthly trading volume and what cryptocurrency you withdraw.

Deposit and withdrawal fees

Binance.US deposit and withdrawal rates are almost the same as other cryptocurrency exchanges. Some platforms make debit card deposits cheaper, and Gemini offers a limited number of free monthly withdrawals.

Password speed

Cryptocurrency deposits are generally free, and withdrawal rates vary depending on the cryptocurrency. For example, it would cost 0.01 something (approximately $ 0.20) to upgrade Algorind, but it would cost 0.0045 ETH (approximately $ 17) to expand Ethereum on the ERC-20 network. The other bag has a similar structure.

Transaction fee

Binance.US has an instant "Buy Crypto" feature that allows new investors to convert their dollars into cryptocurrencies. This represents a direct fee of 0.5%. Traders using advanced platforms pay lower producer/receiver fees as shown below.

Binance Binance Coin (BNB) is offering a 25% discount on corporate rates for customers who pay with service tokens. The tax rate is also lower for high-volume traders who own a large number of BNBs.

Suppose you are a small cryptocurrency trader who wants to buy Bitcoin (BTC) for 300. Deposit money via free bank transfer and turn it into our advanced platform. In this example, we pay a trade fee of € 0.30.

Choice of cryptocurrency

Binance.US may not be as cryptocurrency as the international parent company, but it has a clear list of currencies. Trade-in over 60 cryptocurrencies. Most can be purchased directly in US dollars. It includes the top 20 cryptocurrencies such as Bitcoin, Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA).

Binance.US also allows you to create a few cryptocurrencies. Surveillance means that coins contribute to network security over some time and are rewarded in the process. Binance.US offers bonuses between 0.5% and 6% for traditional currencies.

Is Binance.US cryptocurrency safe?

The main Binance platform has many security features that crypto platforms need.

Binance keeps most of its assets offline in cold storage.

Binance keeps 10% of all trading fees in a securities fund and refunds them to all consumers.

In particular, U.S. officials are investigating money laundering, tax evasion, and domestic trade. Although no complaint was filed, the application denied the allegations. If Binance.US does not participate, any action taken by Binance will take effect.

Any investment can be risky because it is new and unique. If there is no guarantee, a compliance report site can better protect investors and thereby reduce risk.

Binance.US is very suitable for:

You are looking for an easy way to trade for money.

I want to share some codes to benefit from.

You are an experienced trader who wants to have the latest equipment.