TLDR
This in-depth review of Binance vs. Binance.US Comparison will compare these exchange giants. Binance and Binance.US are cryptocurrency exchanges from the same entity, with a few significant differences.
Binance, established in 2017, operates worldwide, offering its users a wide selection of cryptocurrencies and trading tools. The company faced strict financial regulations in the United States and created a new trading entity with a partner company (Bam Trading Services) in 2019 called Binance.US.
Binance.US is a cryptocurrency exchange explicitly created for traders in the US. It offers around 150 cryptocurrencies, fewer than its global counterpart. However, it ranks amongst the top 10 cryptocurrency exchanges in the world mainly by its trading volume.
Both exchanges have low transaction fees (0.1%), but the global version has more payment options.
Binance has a feature that allows margin trading, while Binance.US offers only spot trading on its platform. Let us look at the good, bad, and ugly between these two exchange entities.
Introduction
Of the many exchanges operating worldwide, Binance and Binance.US are among the most sought-after. These are two separate platforms bearing the same name.
Trading cryptocurrencies with other digital assets is carried out by traders on these exchanges. Traders can also trade their crypto with certain accepted fiat currencies.
Many trading tools are available on Binance and Binance.US. These tools enable customers to conveniently buy and sell cryptocurrencies ranging from Bitcoin and Tether to Casper and Nexo.
Although these two crypto exchanges bear the same name, there are a few marked differences between them. Let’s go through them one by one.
History of Binance
The global version of Binance is one of the most famous cryptocurrency exchanges in the world. It was founded in 2017 by a Chinese entrepreneur and software engineer, Changpeng Zhao. Zhao, more commonly known as CZ within the industry, had a background in setting up many startups successfully.
Soon after its establishment, Binance had to move its headquarters to different places, mainly due to strict financial regulations.
Binance moved its headquarters first to Japan and Taiwan and finally to Malta in Europe. Today, the exchange claims to have no headquarters but is registered in a few free zones around the globe.
The exchange became one of the world’s largest cryptocurrency exchange platforms in a very short period. The exchange provides wide-ranging trading services and products to customers worldwide.
History of Binance.US
Binance.US, on the other hand, was created by Binance and its US partner, Bam Trading Services. This crypto platform was set up to cater specifically to the needs of investors in the United States. It was created because its parent company faced countless regulatory issues in the US.
Although Binance.US does not offer all the features that its parent company does, it is still among the top 10 crypto exchanges in the world on account of its trading volume.
Suppose you are trying to decide which platform suits your needs and objectives. In that case, it is imperative to appreciate the key differences and similarities between the two exchanges.
Let’s review the difference in features between Binance and Binance.US.
Binance Crypto Exchange Features
This cryptocurrency exchange has grown extensively over a very short period. It is perhaps the most famous of the top centralized exchanges in the world.
Binance today boasts a whopping 120 million users on its platform. This has resulted in substantial trading volumes on this cryptocurrency exchange, enlarging the liquidity pool.
The large liquidity pool creates a significant float to ensure price stability. This way, the platform has protected its traders from volatility in their investments.
Several factors contributed to the rise of Binace to such popularity. Among the most important are the low trading fees it charges its investors, the numerous currencies and trading pairs available, and the high trading volumes.
To get started with Binance, click the [Get Started] button.
More details
Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Biggest exchange in the world.
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Industry's lowest trading fees.
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Advance trading options like leverage trading.
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600+ crypto options, 150+ for the US.
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Lucrative on-site staking options.
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Hiccups in account verification.
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Less regulated than some competitors.
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The corporate structure is not transparently.
Cryptocurrencies Available on Binance
Binance supports more than 500 cryptocurrencies and tokens. These include the top 20 cryptocurrencies, such as Bitcoin, Tether, Ethereum, and the Binance Coin. It also allows its investors to trade in common altcoins.
It offers a secure platform for crypto-to-crypto trading, making it one of the most popular crypto exchanges. A wide choice of 12oo trading pairs is also available on Binance, adding to its popularity worldwide.
Binance Coin
The Binance cryptocurrency exchange has issued its Binance Coin (BNB) coin. This utility token can be used on the platform to pay fees or trade.
Traders can avail of discounts when trading with this now-popular cryptocurrency. Due to this and the huge trading volume on the crypto platform, the BNB has acquired a major position in the crypto world.
Trading Fee Structure
Binance is popular for being the world’s biggest cryptocurrency exchange and because it charges very low fees of 0.1%, attracting investors worldwide. However, if making credit card purchases, an additional US$10 or 3.5% needs to be paid.
Moreover, discounts are offered to investors who work with higher volumes or who deal with BNB. Referral bonuses are also made available to customers who refer new traders.
Margin trading
This is a relatively new feature on Binance.
Margin trading allows investors to transfer some of their funds to a “margin trading wallet.” They can then use these funds as collateral and borrow more funds from Binance. The investors can then use these additional funds to trade on the platform.
The amount an investor can borrow is proportionate to the funds in the margin trading wallet or the “margin level.” Principally, this allows traders to make larger profits on their trades.
Withdrawal methods
Binance offers withdrawal in the form of both cryptocurrency and fiat money. Traders can use their debit cards or bank accounts to withdraw.
The platform follows strict security protocols.
Customers are allowed to add specific IP addresses for withdrawal. The exchange blocks the transaction if any attempt is made to draw money from an unlisted IP address.
The withdrawal methods are also convenient and fast, and the withdrawal fees are competitive, giving Binance an edge in the crypto industry.
Supported fiat currencies
Binance supports many fiat currencies worldwide through credit and debit card purchases. Customers can link their credit or debit cards to their Binance account and buy crypto using their fiat currencies.
Withdrawals can be made in 14 fiat currencies, including the US dollar, the British pound, and the Euro. The procedure is user-friendly and convenient.
Crypto traders can also make deposits in multiple fiat currencies like the Australian dollar (AUD), the Russian ruble (RUB), and the Brazilian real (BRL).
It is also possible to buy crypto from other users on the platform using fiat currency through the Binance P2P.
Binance Desktop and Mobile Apps
Binance has an application that can be downloaded on mobile phones and desktop computers. This trading app is available both on the Google Play Store for Android users and the App Store for iPhone users.
With this app’s help, traders can keep tabs on the variations of the cryptocurrencies in the market. It also lets them stay in touch with their crypto assets and remain updated on market developments regularly.
Binance Customer Support
The customer support offered by the exchange is amongst the best offered by any centralized crypto exchange platform. Traders can acquire information and support in 7 different languages at any time of the day.
The customer support service, however, is only available through messaging. Phone support is yet to be introduced by the platform.
Binance.US Crypto Exchange features
Binance.US is a crypto exchange platform that had to be created when Binance Global faced regulatory issues in the United States. Traders in the US required extensive licensing, and there were regulatory concerns that the digital assets on the platform were securities.
To counter these challenges faced by the platform in the United States, Binance had to restrict access to traders in the country. It then set up this US version of the exchange with the help of a partner company, Bam Trading Services.
Although this trading platform does not offer all the features of its parent company, it is still one of the top 10 cryptocurrency exchanges in the world on account of its trading volume and relatively low fees.
Cryptocurrencies Available on Binance.US
Binance.US exchange offers more than 120 cryptocurrencies. Investors can trade in the more popular crypto like Bitcoin, Ethereum, Elan, and Solana. Trading is possible in lesser-known cryptos, such as Orchid, Polygon, Cardano, and VeChain.
Trading Fee Structure
Binance.US, just like its global counterpart, charges a very low trading fee of only 0.1%.
It is the first major US crypto exchange to offer ZERO fees on four spot trading BTC
and ETH pairs for all users. The traders can also avail of a discount of 25% if they make payments with the Binance Coin.
These qualities of the exchange have helped Binance.US become the most sought-after trading platform in the US, even though it does not boast the same variety of features its parent company does.
Spot trading
Users of this crypto exchange can conduct trading activities on the spot. This means they can buy and sell crypto at the prevailing market price. This spot trading gives them a chance to make profits due to the price fluctuations in the market.
Binance.US does not allow margins or futures trading.
Customer Support
Customer support is available to traders on Binance.US 24/7. They can use this efficient service through e-mail, messaging, or live chat. However, the option for live chat is only available during working hours.
Just like the global version, assistance is not available via phone.
Binance.US App
A separate mobile and desktop application is available for download by the users of Binance.US. This app has the same features as the one made for its global counterpart.
The app is easily available at Google Play store and App Store and keeps investors aware of market fluctuations throughout the week at all hours.
Educational Resources on Binance.US
Binance.US has an educational blog on its platform. This blog helps teach people about cryptocurrency, blockchain, and different technologies.
People interested in crypto can watch videos or read informational blogs on the Binance Academy. Tutorials are also available on this platform to teach newcomers the basics of the crypto world. It offers newcomers courses to understand the workings of the crypto world better.
The Binance Academy is a successful venture. It is paving the way to making traders’ experience on Binance more fruitful and rewarding.
To get started with Binance.US, click the [Get Started] button.
More details
Binance.US is growing in popularity among U.S. traders due to its lower fees and expertly designed user interface that eases access for beginners. Despite offering fewer features than its global counterpart, it has potential for further enhancement.
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Broad audience spread throughout the U.S.
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Staking on multiple cryptocurrencies.
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Easy to navigate for beginners.
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Low spot trading fees.
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Excellent customer service.
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Not available in a few U.S. states.
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Fewer crypto-to-crypto trading pairs.
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No customer support by phone
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Does not accept credit card deposits.
Binance vs. Binance.US
Binance and Binance.US cryptocurrency exchanges are among the best in the world. They both have similar security protocols for sign-in and transactions using two-factor authentication (2fa), including SMS and e-mail. These protocols meet the highest standards of safety and security.
Due to their low trading and transaction fees, both platforms have attracted millions of crypto investors worldwide. Both these exchanges have user-friendly mobile apps, making them suitable for investors and traders who are always on the go.
However, there are a few differences between the two cryptocurrency exchange platforms:
- Binance.US catered only to traders in the US market and was created due to regulatory compliance issues faced by its parent company.
- Binance offers more than 500 cryptocurrencies, whereas Binance.US, one of the largest crypto exchanges in the US, offers only 150.
- The features and trading tools available on Binance.US are not as extensive as those on its global version.
- Binance has the advantage of having a wide variety of accepted base currencies. Its US counterpart, however, allows only USD and a few cryptocurrencies as a base.
Market Round-Up 2024
The world of cryptocurrency went through a rough patch in 2022. It faced severe fluctuations in crypto prices due to different factors.
A high rate of inflation worldwide, which came right after the pandemic, triggered a decline in crypto prices. Banks around the world were implementing stricter regulations, negatively impacting the prices.
Another reason that created volatility in the crypto industry was the Russia-Ukraine war. At the same time, several crypto frauds came to light during this period. As a result, there was a sharp decline in market capitalization. Investors should choose wisely while making their investment decisions.
Conclusion
The final selection that the investors make between Binance and Binance.US will depend upon various factors.
Traders should take into consideration both their location and the trading strategies they employ. The different crypto and digital assets both exchanges offer can also help traders decide between the two platforms. Both platforms’ trading tools and features can help users make informed decisions.
Binance.US serves as a cryptocurrency exchange tailored for users based in the U.S. Its associate entity, Binance, holds the reputation as one of the world's most prominent crypto exchanges.
Is Binance permitted in the USA? Yes, Binance operates legally within the U.S., although its U.S. variant comes with fewer functionalities compared to its comprehensive website.
On Binance exchange, four primary trade order types are supported: limit orders, market orders, stop-limit orders, and one-cancels-the-other (OCO) orders.
As the world's leading cryptocurrency exchange by trading volume, Binance offers greater liquidity. On the other hand, Binance.US, which operates as an entirely distinct exchange, presents significantly lower trading volume.
Susan Oh
TLDR This in-depth review of Binance vs. Binance.US Comparison will compare these exchange giants. Binance and Binance.US are cryptocurrency exchanges from the same entity, with a few significant differences. Binance, established in 2017, operates worldwide, offering its users a wide selection of cryptocurrencies and trading tools. The company faced strict financial regulations in the United States and created a new trading entity with a partner company (Bam Trading Services) in 2019 called Binance.US. Binance.US is a cryptocurrency exchange explicitly created...
