Binance, Exchanges

What Is Needed for Binance US Account?

Binance US is a digital asset exchange offering cryptocurrency trading and storage services to users in the United States and its territories. The exchange is operated by Binance Ltd.

, the same company that runs the world’s largest cryptocurrency exchange,

In order to use Binance US, customers must first set up an account. Accounts can be created using an email address or phone number.

Once an account is created, customers can begin funding their account with US dollars or cryptocurrencies.

Cryptocurrencies can be bought and sold on Binance US using either the platform’s native token, BUSD, or other major cryptocurrencies such as Bitcoin or Ethereum. BUSD is pegged to the US dollar and can be used to buy other assets on the platform or withdrawn back into dollars.

NOTE: WARNING: Before creating a Binance US account, it is important to know that Binance US is only available to customers who reside in the United States or its territories. Additionally, users must be over 18 years of age and have valid government issued identification. Furthermore, users must provide proof of address such as a utility bill, bank statement, or similar document. Failure to provide these documents may result in the suspension or closure of an account.

Withdrawals from Binance US accounts can be made in either US dollars or cryptocurrencies. When making a withdrawal in US dollars, customers will need to provide their bank account information.

Withdrawals in cryptocurrencies can be made to an external wallet address.

Binance US charges a flat fee of 0.1% on all trades. There are no deposit fees for either US dollars or cryptocurrencies. Withdrawal fees for US dollars are $25 for wire transfers and $5 for ACH transfers.

Withdrawal fees for cryptocurrencies vary depending on the coin being withdrawn but are generally very low (around 0.0005 BTC for Bitcoin).

Overall, Binance US is a safe and easy-to-use platform for buying and selling cryptocurrencies in the United States. The exchange offers a wide range of features and charges reasonable fees.

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