Binance.US is a top cryptocurrency exchange and mobile app offering a suite of trading products, cryptocurrencies, and competitive fees. However, Binance.US is not available in all US states.
Business Insider compared Binance.US against the best cryptocurrency exchanges and found it stands out for security and staking.
Pros and Cons of Binance.US
Pros
- Low trading fees and free bitcoin trades on select pairs
- Staking reward program
- Multiple cryptocurrencies available
Cons
- Doesn't offer margin trading or futures
- Limited educational resources
- Not available in all US States
Open an Account
$0
20% to 35% service fee for cryptocurrencies and staking rewards
Pros
Cons
Binance.US is a comprehensive cryptocurrency exchange and mobile app for trading a wide range of cryptocurrencies with low fees and robust staking reward options. However, it doesn't offer margin trading or futures.
- Promotion: Earn $20 when you trade $100 or more within the first 30 days of signing up using code BINANCEUS
- Features: Automated recurring buys, over-the-counter trading, staking rewards, crypto pairs, and institutional trading services
- App store rating: 4.2 iOS/ 2.4 Android
Compare Binance.US
Overview
Binance.US is an online cryptocurrency marketplace for trading, storing, and staking varying coins and tokens. Binance.US is an independent entity that licenses the Binance's brand and technology stack.
With a free Binance.US account, you can access over 150 cryptocurrencies, trading pairs, and up to 18.2 % in staking rewards. The platform caters to beginners, institutional-grade API traders, and everyone in between.
Like some of the best cryptocurrency exchanges, it is a secure investing platform with an accessible interface, low fees, and market access.
Binance.US offers only a live chat for customer support inquiries and requests.
Binance.US isn't available in Alaska, American Samoa, Hawaii, Maine, New York, the Northern Mariana Islands, Texas, the US Virgin Islands, and Vermont.
It doesn't offer margin trading or crypto futures.
Ways to Invest
Binance.US offers a range of digital currencies for retail and institutional crypto traders. Among these are recurring buys (an automated feature that lets you invest on a set schedule), stablecoins (virtual assets backed by US dollars), crypto trading pairs, OTC trading, and staking rewards.
Binance.US also offers crypto domains, which simplify transfers, requests, and more by replacing complex wallet addresses with a custom domain name. You'll have to pay a one-time charge of at least 10 USDT (aka Tether).
Binance.US Crypto Trading Pairs
Binance.US prides itself on offering a robust selection of over 150 crypto trading pairs. Trading pairs are two crypto assets that can be exchanged for one another. You can use these pairs to compare each asset's value and determine if trading one for the other makes sense.
For instance, Binance.US offers both the Ethereum/Bitcoin and Litecoin/Bitcoin trading pairs.
You can access crypto-to-crypto trading through the Binance.US Advanced Trading screen, available to all verified users. You must have a minimum order worth at least $10 to trade. Market and limit orders are also available under this screen.
Binance.US Staking
Binance.US offers staking of more than 20 cryptocurrencies, including Ethereum, Polygon, Cosmos, Polkadot, and Cardano. All investors who have signed and completed the platform's Basic Verification requirement can access staking.
Staking essentially loans your crypto assets to help secure and validate the assets' proof-of-stake (PoS) network. In return, you may be able to generate rewards. How much you'll earn varies by currency you stake. Most Binance.US staking rewards are distributed weekly.
Binance.US offers cold storage staking through a third-party provider who will stake your assets on your behalf. Your assets and funds are also stored in an offline cold wallet. All Binance.US staking rewards are generated through blockchain validation before being passed onto you.
You can stake your assets on Binance.US by submitting a request. Once processed and approved, your assets will be staked to the validator's nodes, and you'll start earning rewards based on that asset's rate.
You can unstake your cryptocurrency at any time by submitting a request.
Binance.US Institutional Clients
The crypto exchange offers a variety of services for institutions. These offerings — which mainly apply to market makers, proprietary traders, algorithmic traders, hedge funds, family offices, and high-net-worth clients — include an OTC trading portal, institutional monthly staking rewards, and 24/7 customer support.
Institutional clients can also use a Websocket feed that provides real-time market data, and the exchange's trading API lets you take advantage of programmatic trading bots, according to Binance.US.
Fees
You can open a Binance.US account for free and buy, sell, and convert cryptocurrencies for as little as $1. There's free bitcoin trading on select pairs, and crypto deposits are free. Some fees may apply to USD deposits or withdrawals.
Binance.US calculates trading fees based on your 30-day trading volume, but you can receive a 5% discount on Advanced Trading (Spot Trading) fees when you pay with BNB. Crypto and stablecoin have 0% transaction fees.
Binance.US deducts a 25% to 35% service fee from any earned staking rewards, depending on the underlying asset.
Trustworthiness
Binance.US has a B+ rating from the Better Business Bureau. BBB ratings typically range from A+ to F and reflect the bureau's opinions of a company's customer complaint history, business practices, and licensing information. A B+ rating indicates that Binance.US offers strong customer support and trustworthiness.
Binance.US licenses the Binance brand and technology, but is a separate company with its own independent management team and boards from Binance.com.
In November 2023, ex Binance CEO Changpeng Zhao pleaded guilty to anti-money laundering violation charges after the SEC filed 13 charges against Binance.US parent company BAM Trading Services and Zhao on June 5, 2023. Zhao paid $4 billion in fines and stepped down as CEO.
Alternatives
Here's how Binance.US compares to similar platforms.
Coinbase
$1
0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.60% for Coinbase Pro and Coinbase Advanced Trade
Pros
Cons
Coinbase is one of the best investment platforms for crypto trading, staking rewards, and crypto storage. The crypto exchange offering nearly 250 coins and tokens and is great for active real investors who can utilize Coinbase's services, account options, and investment tools.
Coinbase- Promotion: Get $5 of bitcoin when you join Coinbase; earn up to $200 when you set up a new account and make your first purchase
- Features: Coinbase Earn rewards, Coinbase Pro advanced account, user-controlled storage, stablecoins, staking, and institutional trading tools.
- App store rating: 4.7 iOS/ 4.1 Android; Coinbase Pro: 4.7 iOS/ 4.1 Android
- Awards: Named Best Prime Broker in Hedgeweek's annual European Digital Assets Awards
Binance.US and Coinbase are both strong cryptocurrency trading platforms offering hundreds of cryptocurrencies, reward opportunities, and trading tools. However, the platforms differ regarding fees and advanced features.
Coinbase is the better option for investors interested in the platform's 500+ spot pairs, 0% maker fees, and access to margin trading. Coinbase also offers a larger selection of digital assets (240+ coins and tokens) and a wide range of account options, including IRAs and custodial accounts.
If you're looking for higher staking rewards, Binance.US is your best option. Staking is available to most Binance.US users and only takes a few clicks. Coinbase, on the other hand, has more limited staking rewards, and you must have an account in "good standing" to participate.
Crypto.com
$1
Maker fees 0.0750% - 0% and taker fees are 0.0750% - 0.0500%; 0% credit/debit card purchases for first 30 days of opening account
Pros
Cons
- Promotion: Get up to $2,000 for every friend you refer and 50% of their trading fees.
Crypto.com is another popular large cryptocurrency exchange offering a wide selection of digital assets, secure wallet storage, and advanced trading features. While Binance.US and Crypto.com offer similar services, they offer different features, trading access, and reward opportunities.
Crypto.com offers 350+ cryptocurrencies and accepts more than 20 fiat currencies. Investors wanting access to crypto derivatives, comprehensive educational resources, and complex trading strategies (like strike options) are better off with Crypto.com. However, U.S.-based traders are limited to Crypto.com's mobile app.
Binance.Us offers both web and mobile trading platforms. It also offers robust staking reward opportunities, hundreds of crypto trading pairs, and unique features like crypto domains.
Why You Should Trust Us
We examined Binance.US using Business Insider's rating methodology for investing platforms to compare and examine account types, pricing, investment selection, and overall customer experience when reviewing investing platforms. Platforms are given a rating between 1 to 5.
Crypto investing platforms generally offer multiple assets, educational resources, low trading fees, and other resources. Binance.US was evaluated, focusing on how it performed in each category.
Business Insider's Overall Binance.US Rating
| Feature | Insider rating (out of 5) |
| Fees | 4.75 |
| Investment selection | 4.50 |
| Access | 4.30 |
| Security | 4.00 |
| Ethics | 3.80 |
| Customer service | 3.75 |
| Overall score | 4.23 |
FAQs
Is Binance.US safe?
Binance.US is a safe cryptocurrency exchange with robust security measures like cold storage and two-factor authentication. However, crypto exchanges are not as well-regulated or licensed as other online brokers and investment apps. Hacks, scams, and potential fraudulent activity are more common with crypto exchanges.
What are the fees on Binance.US?
Fees on Binance.US vary based on the digital assets you invest in, your trading volume, and any available discounts. Binance.US is competitively priced, requiring no minimum balance to open an account, free bitcoin trade on select pairs, and cryptocurrency trades for as little as $1.
Does Binance.US offer staking?
Yes, Binance.US offers staking of more than 20 coins and tokens with up to 18.2% rates. Staking services are available through a third party service provider who holds staked assets and funds in an offline cold wallet. Anyone who's completed Basic Verification requirements can access staking rewards on Binance.US.
