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, Binance.com.
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 BUSD is pegged to the US dollar and can be used to buy other assets on the platform or withdrawn back into dollars.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Withdrawal fees for cryptocurrencies vary depending on the coin being withdrawn but are generally very low (around 0.0005 BTC for Bitcoin).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.
6 Related Question Answers Found
If you’re a crypto trader in the United States, you’ve probably noticed that Binance.com is no longer accessible. That’s because the popular exchange has now split into two separate entities: Binance.com, which is aimed at international users, and Binance US, which is only available to Americans. So if you’re looking to trade on Binance US, do you need to create a new account?.
Binance US is a digital asset exchange launched in 2019. The exchange is operated by Binance US Inc., a US subsidiary of Binance. The exchange offers trading in a number of digital assets, including Bitcoin, Ethereum, Litecoin, and others.
As of September 2019, US citizens are not able to use Binance US. Binance US is a digital asset exchange created by Binance, one of the largest cryptocurrency exchanges in the world. The US-based exchange is not available to residents of New York state.
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Based in Malta, the company has offices in Singapore, Taiwan, and Japan. Binance was founded in 2017 by Changpeng Zhao, who is also the CEO.
As of September 2019, Binance is not available to US customers. The popular cryptocurrency exchange can’t legally operate in the US because it’s not registered with the Financial Crimes Enforcement Network (FinCEN). Binance has been trying to get a US license since 2018, but so far has been unsuccessful.
Binance US, the US-based arm of cryptocurrency exchange Binance, is now live. The platform will allow users to trade cryptocurrencies that are compliant with US regulations. This means that not all cryptocurrencies will be available to trade on Binance US.