{"menuItems":[{"label":"Round 1: Binance vs. Binance.US on vital statistics","anchorName":"#round-1-binance-vs-binance-us-on-vital-statistics"},{"label":"Round 2: Supported coins","anchorName":"#round-2-supported-coins"},{"label":"Round 3: Supported fiat currencies","anchorName":"#round-3-supported-fiat-currencies"},{"label":"Round 4: Fees","anchorName":"#round-4-fees"},{"label":"Round 5: Wallets","anchorName":"#round-5-wallets"},{"label":"Round 6: Ease of use","anchorName":"#round-6-ease-of-use"},{"label":"Round 7: Security","anchorName":"#round-7-security"},{"label":"Binance vs. Binance.US winner: Binance (Global)","anchorName":"#binance-vs-binance-us-winner-binance-global"}]}
Binance and Binance.US are two different cryptocurrency exchanges. Binance is the global version of the cryptocurrency exchange, with a variety of services that aren’t offered on the more regulated Binance.US.
Binance.US is only available to US residents and was created to be a US-regulated version of Binance, the largest cryptocurrency exchange in the world by volume. Here, we will compare Binance vs. Binance.US to show the differences and similarities between the exchanges.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Round 1: Binance vs. Binance.US on vital statistics
Neither Binance nor its US version is an FCA-regulated exchange, and the global version of the exchange isn’t regulated in the US or available to its residents. While Binance.US is regulated in the US, it lacks a lot of the services offered on the global version.
Both versions have the same trading fee structure, spot trading and staking. The global version also offers users derivatives services, a launchpad, a Visa debit card, more earning options and an NFT marketplace among other things.
Global Binance supports far more crypto coins and tokens than Binance.US. This is partially due to the regulations in the US. Global Binance, apart from offering more crypto assets, also offers Ripple (XRP), which the US version doesn’t due to regulatory concerns. Should Ripple win its fight against the SEC, it’s possible it will be on Binance.US again.
As you might expect, the global version of Binance supports far more fiat currencies than Binance.US as the US version only supports US dollars. The global Binance supports a wide variety of fiat currencies through credit and debit card purchases, while also accepting direct deposits of USD, GBP, AUD, EUR, COP, RUB, TRY and UAH.
Winner: Binance
Round 4: Fees
Deposit Fees
None
Bank transfer: None Wire transfer: None Debit card: 3.75% Apple Pay: 3.75% Cryptocurrency: None
Both versions of Binance have the same trading fee structure, with 0.1% fees for both makers and takers. This fee can be reduced on both platforms through the BNB token or through increased monthly trading volume. Fiat deposit and withdrawal fees are also the same.
Winner: Draw
Round 5: Wallets
Both versions of Binance tout the same proprietary wallet, the Binance Wallet. It allows you to use the Binance Smart Chain as well as Ethereum networks, store any of their respective assets including NFTs, interact with decentralized applications including exchanges and more.
The Binance Wallet is available on your mobile device’s app store or your browser’s extension store for free.
Winner: Draw
Round 6: Ease of use
For the most part, both platforms have the same user experience. The US version could be considered easier to use because there are fewer services available, making it easier to navigate the platform.
Both platforms have guides for beginners.
Winner: Binance.US
Round 7: Security
Binance.US has never been hacked, but the global version has. Affected users were quickly reimbursed using the platform’s Secure Asset Fund. Both platforms offer the same security measures, including two-factor authentication, IP-address whitelisting, withdrawal-address whitelisting and more.
Winner: Binance.US
Binance vs. Binance.US winner: Binance (Global)
As you might expect, the global version of Binance is better than the US version. It offers more crypto assets, fiat support, earning opportunities and other trading services than the US version. This was actually a pretty close comparison though, as it was 3-2 with two ties.
Clearly, Binance.US has done a very good job at creating a solid cryptocurrency exchange for users who can’t use the global version. The reality is that both exchanges are worth using: It only depends on which one is available to you.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
Evan Jones is a writer for Finder. Evan was introduced to cryptocurrency during the 2017 bull market and has been writing about it full-time since 2019. Having already completed a degree in history, he has completed an editing certificate.
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