Binance, Exchanges

What Fees Does Binance US Charge?

Binance US, the American division of the world’s largest cryptocurrency exchange, launched in September 2019. The launch came after several months of beta testing with select users.

Binance US is now available to all US residents except those in Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, Washington State.

Binance US charges the same fees as the main Binance exchange. That’s a 0.1% fee on each trade. However, if you use Binance’s native token, BNB, to pay your trading fees, you get a 25% discount.

NOTE: WARNING: Binance US is a cryptocurrency exchange and it charges fees for its services. It is important to be aware of the fees that Binance US charges in order to make informed decisions when trading cryptocurrencies. Fees may vary depending on the type of trade, amount, and payment method. Be sure to research and understand all the fees associated with your trades before you start trading.

That reduces your fees to 0.075%. You can also get 50% off your fees if you hold 500 or more BNB in your account.

The minimum deposit on Binance US is $10. There is no maximum deposit limit.

The minimum withdrawal is $10 for bank transfers and $1 for cryptocurrency withdrawals. There is no maximum withdrawal limit for bank transfers but there are limits for some cryptocurrencies.

One thing to note is that if you are transferring funds from another exchange to Binance US, you will need to go through a KYC process. This process includes providing your name, address, date of birth, and Social Security number.

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