What Is Binance.US?
Binance.US is the U.S. registered arm of the world’s largest cryptocurrency exchange by trading volume — Binance. The separate exchange was launched in response to U.S. regulations restricting the main exchange. While Binance owns the Binance.US name and intellectual property, the exchange is managed independently by BAM Trading Services. Both exchanges differ in terms of deposit and withdrawal methods, liquidity and trading fees.
Moreover, the U.S. platform offers users fewer cryptocurrencies and trading pairs than the global site, with 120+ assets, while the main exchange lists about 600. The platform is not available in all 50 states of America.
Who Are the Binance.US Founders?
The exchange was launched in September 2019 and is managed independently by BAM Trading Services. The company's CEO is Brian Shroder, a former executive director of Ant Group Co. and Uber Technologies Inc. Shroder graduated from Harvard Business School with an MBA and holds dual BS degrees in Accountancy and Management from
Miami University.
Where Is Binance.US Located?
Binance.US is based in Palo Alto, California.
Binance.US Restricted Countries
The U.S.-based exchange is not available in Hawaii, Texas, New York and Vermont.
What Coins Are Supported on Binance.US?
The platform provides access to more than 120 cryptocurrencies and offers over 60 trading pairs with digital assets like BTC, ETH, ADA, BCH, BNB, LINK, LTC and more.
How Much Are Binance.US Fees?
Binance.US offers free Bitcoin trading, claiming to be the only major exchange to do so in the U.S. Trading pairs are categorized in three tiers — “Tier 0,” “Tier I” and “Tier II” — fees on “Tier 0” pairs are 0%.
Fees on “Tier I” and “Tier II” pairs depend on the user’s VIP level — ascertained by one’s 30-day trading volume. For “Tier I,” maker fee ranges from 0.0750% (VIP 1) to free (VIP 9), while taker fee ranges from 0.1500% (VIP 1) to 0.0375% (VIP 9). For “Tier II,” maker fee ranges from 0.3000% (VIP 1) to free (VIP 9), and taker fee ranges from 0.4500% (VIP 1) to 0.0375% (VIP 9).
Furthermore, users can receive 25% off fees if they use BNB to pay.
Is It Possible To Use Leverage or Margin Trading on Binance.US?
On the platform, users cannot trade futures or invest with a margin account.
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