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Binance.US cryptocurrency exchange review

Andrew Munro
Andrew Munro
Last updated:  

Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange.

  • Good for USD to cryptocurrency trades at competitive rates.
  • Not so great for cryptocurrency variety.

Check out our full list of pros and cons or read on.

1

Fiat currencies

25

Cryptocurrencies

Details

Product Name Binance.US Cryptocurrency Exchange
Fiat Currencies USD
Cryptocurrencies BTC, ETH, XRP, BCH, LTC, USDT, BNB, ADA, ZRX, LINK & 10+ more
Deposit Methods Bank transfer (ACH)
Bank transfer
Cryptocurrency
Debit card
Wire transfer
Trading Fee 0.1%
Deposit Fees None. Network fees apply for crypto deposits
Withdrawal Fees Crypto: Network fees apply
Wire: $15

Pros

  • USD available. Binance.US offers another fiat gateway for the United States.
  • Flat 0.1% trading fees. This is a very competitive rate for the type of service being offered.

Cons

  • Variety. There is a limited range of coins available.
  • Limited features. Binance.US is primarily a fiat-crypto gateway. Although it offers BTC and USDT markets, it does not offer any advanced features or trade types.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What's in this guide?

What fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD
  • Supported cryptocurrencies: Approximately 25 cryptocurrencies

Which payments methods are accepted?

  • Bank transfer (ACH)
  • Bank transfer
  • Cryptocurrency
  • Debit card
  • Wire transfer
Go to Binance.US's website

Who can use Binance.US?

Binance.US is for US residents only, including Puerto Rico, and is available in most states.

But Binance.US is not available to residents of:

  • Alabama
  • Connecticut
  • Florida
  • Hawaii
  • Idaho
  • Louisiana

  • New York
  • North Carolina
  • Texas
  • Georgia
  • Vermont
  • Washington

What’s it like to use Binance.US?

1. Getting started

Binance US aims to create a simple trading experience.

2. Sign up

Get started by creating an account.

3. Browse the markets

Search the available trading pairs on Binance US.

4. Binance US FAQs

Submit support tickets or browse the FAQs for assistance.

‹ ›

Fees and limits

The fees below are accurate as of 25 September 2019.

Type Fee
Trading fees 0.1%
ACH deposit/withdrawal fees None
Wire deposit/withdrawal fees $0 deposit fee, $15 withdrawal fee
Cryptocurrency deposit/withdrawal fees Network fees apply

How fast will my funds be available?

Deposits

Clock icon for transfer speed

0-3 days

Cryptocurrency deposits will take a few minutes, wire transfers may be available same day and ACH transfers can take two to three days.

Withdrawals

Clock icon for transfer speed

0-3 days

Withdrawal times will vary by method. Cryptocurrency withdrawals are fast, wire transfers can be same day and ACH transfers may take a few days.

Is Binance.US safe to use?

  • Regulation. Binance.US is operated by BAM Trading Services, which is licensing the Binance trading engine. Binance.US operates in compliance with its US regulatory obligations.
  • Verification process. Verification is required for trading, and there are different verification tiers available.
  • Security features. Binance.US follows industry best practices when securing customer digital assets. User funds are held by a third-party trust company based in Nevada.

How do I create an account at Binance.US?

Go to Binance.US's website

What else do I need to know about Binance.US?

Binance US was created after the main Binance exchange blocked US users.

Binance US is headed by a former Ripple executive, and the company operating it is a significant figure in the cryptocurrency industry. However, Binance US is a separate entity to Binance, so benefits such as the Binance SAFU fund may not be available there.

In a nutshell

Pros

  • USD available. Binance.US offers another fiat gateway for the United States.
  • Flat 0.1% trading fees. This is a very competitive rate for the type of service being offered.

Cons

  • Variety. There is a limited range of coins available.
  • Limited features. Binance.US is primarily a fiat-crypto gateway. Although it offers BTC and USDT markets, it does not offer any advanced features or trade types.

Ready to sign up?

Go to Binance.US's website
Back to top

Compare Binance.US against other exchanges

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Paxful P2P Cryptocurrency Marketplace
Paxful P2P Cryptocurrency Marketplace
Cash
Credit card
Cryptocurrency
PayPal
Western Union
DZD, XCD, ARS, AMD, AWG, AUD, AZN, BSD, BHD, BDT & 140+ more
BTC
Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
Go to site
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eToro USA Cryptocurrency Trading
eToro USA Cryptocurrency Trading
Wire transfer
Online banking
USD
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, XTZ
Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
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Kraken Cryptocurrency Exchange
Kraken Cryptocurrency Exchange
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF
BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DASH, XMR & 15+ more
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
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Coinmama Cryptocurrency Marketplace
Coinmama Cryptocurrency Marketplace
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
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Paybis Cryptocurrency Exchange
Paybis Cryptocurrency Exchange
AdvCash
Credit card
Debit card
Neteller
Payeer
USD, EUR, GBP, CAD, JPY
BTC, ETH, LTC, XRP, BCH, XLM, BNB, NEO, TRX
Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
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Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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