Binance US: Crypto Exchange for US Traders

December 6, 2022

Since the launch of the Bitcoin blockchain in 2009, there have been substantial changes in cryptocurrency law. In 2010, the now-defunct, the first cryptocurrency exchange and the infamous Mt. Gox trading platform, was introduced.

Even though stricter regulation has allowed crypto exchanges to provide improved levels of security, it has resulted in a fragmented trading ecosystem where exchange availability is split by geographic area and jurisdiction.

Traders should choose the best cryptocurrency exchange after carefully analyzing various factors, including security, history, fee structure, reliability, and supported coins. Currently, there are hundreds of cryptocurrency exchanges available online. But the use of binance is widely appreciated.

The company introduced Binance US in 2019 to provide US cryptocurrency investors with a different exchange as regulatory compliance requirements increased. Currently, Binance US is the largest cryptocurrency in the nation. Many traders, however, request: “Are Binance US and Binance the same thing?”

To answer this question, let’s focus on Binance US and how it differs from Binance.



Binance US: Version of Binance for the US

The US-only version of Binance is one of the world’s most well-known and commonly utilized cryptocurrency exchanges. Binance introduced a US platform to satisfy particular US regulatory requirements for cryptocurrency exchanges.

The Binance US platform has contributed about 15% of Binance’s worldwide traffic since its September 2019 launch.

Comparatively, fewer crypto assets are available for trading on Binance US than on the leading Binance exchange platform. Utilizing quantitative standards and criteria that assess the legal requirements of exchanges operating in the United States, Binance US filters cryptocurrency assets.




How to Use Binance US

The main difference between the two platforms is that US citizens cannot use Binance. They can only utilize Binance US as an alternative. Their liquidity, trading costs, and deposit and withdrawal choices differ.

Let’s break down simple steps on how to sign up on Binance.

  1. Registration

Users will have to complete the registration process. This usually involves downloading the desktop or mobile application or programme, setting up an account, and choosing a payment method (monthly or annual). Binance requires a selfie shot and official identification like an ID card to validate an account.

Unfortunately, Binance.US accounts are currently NOT available to users residing in the following states:

  • Hawaii
  • New York
  • Texas
  • Vermont
  1. Sign up

The Binance exchange registration process is Simple and requires the entry of personal information. US citizens should be advised that the bitcoin exchange mandates two-factor authentication as an additional security measure for the platform (2FA). However, phone numbers are a popular 2FA technique.

  1. Deposit Your Funds

 The next step is to fund your account on the Binance exchange after creating one. This procedure is made simple by the variety of depositing choices offered to consumers, including a debit or credit card, direct bank deposit, and other possibilities.

Congratulations on your successful deposit!

Now start trading.



Benefits of Binance US

Because they actively attempt to address many problems other platforms typically encounter, Binance US claims to be better than other controlled trading platforms. For example, compared to other centralized exchanges, they offer

  • Greater market liquidity

  • Stricter security safeguards.

 Additionally, Binance US offers traders looking to cut costs an option because of its comparably cheap fees ($.01 for regular deals).

In addition to fulfilling its commitment to offer customers a fantastic experience at affordable costs, Binance US also offers many useful features on its website.

To acquire the most excellent price for their assets when buying and selling cryptocurrency, consumers can opt to restrict trade, spot trade, or trade in the future.

Users can lend and stake coins in addition to trading to profit from dividends and interest.


Is Binance US safe for Citizens?

So, is using Binance safe for US citizens? Binance prioritizes security above all else, deploying many security mechanisms to protect its consumers’ funds. They are based in the United States. Thus they are governed by all laws governing currency trading there. They should be considered the top choice for traders looking for a reliable, secure exchange.

Since Binance’s worldwide platform was compromised in May 2019, the firm has dramatically improved its security protocols.

A particular implementation is the creation of the SAFU (Secure Asset Fund for Users).

In case of a further breach, users may be compensated using funds aside from exchange fees known as the SAFU.

Binance VS Binance US

Without a doubt, differs significantly from Binance US in several ways. The first offer better customer service, more trading assets, features, and cryptocurrencies. In addition, it is easier to operate than the American version.

At the original Binance, newly registered traders can also benefit from exclusive offers and discounts.

It additionally offers futures leverage.

Unfortunately, Binance US does not provide these functionalities. is currently the best exchange platform as a result.


Thanks for Reading!


Disclaimer : This is not trading or investment advice. The above article is for educational purposes only. Please do your own research before purchasing or investing in any cryptocurrency.

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