Binance and Binance US are two of the most popular cryptocurrency exchanges out there. Both exchanges offer a variety of features and benefits, but there are some key differences between them that users should be aware of.
Binance is a global exchange that offers a wide range of features, including a variety of trading pairs, margin trading, and a robust mobile app. Binance US, on the other hand, is a US-based exchange that offers a more limited selection of features but does not require users to undergo KYC verification.
So, what’s the difference between Binance and Binance US? Let’s take a closer look.
One key difference between Binance and Binance US is the selection of coins that are available on each exchange. Binance offers a much wider selection of coins, including many altcoins that are not available on Binance US.
This can be beneficial for users who want to trade a wider range of coins, but it may also be seen as a downside by those who prefer a more limited selection.
Another difference is that Binance offers margin trading while Binance US does not. Margin trading allows users to trade with leverage, which can be both beneficial and risky.
Those who are experienced traders may prefer the ability to trade on margin, while those who are new to trading may prefer the simplicity of the regular trading interface offered by Binance US.
Finally, another key difference between the two exchanges is that Binance requires KYC verification for all users while Binance US does not. This means that those who value privacy may prefer to use Binance US over Binance.
However, it is important to note that even though KYC verification is not required on Binance US, user information may still be collected by the exchange in accordance with US lAWS and regulations.
So, which exchange is better? It depends on what you’re looking for. If you want a wider selection of coins and the ability to trade on margin, then Binance may be the better choice.
However, if you prioritize privacy and simplicity, then Binance US may be better suited for you.