In this guide, we’ll do a head-to-head comparison between Binance and its American counterpart — Binance.US. By the time you’re finished reading, you’ll better understand the differences between the two platforms.
Summary: What’s the difference between Binance and Binance.US?
Binance.com shut down in the United States in 2019 due to pressure from regulators.
In response, the company released Binance.US specifically to comply with US regulatory requirements. While Binance.US offers a similar user interface, it is limited in terms of features and cryptocurrencies offered.
Binance.com
Binance.US
Launched In
2017
2019
Available in the USA
No
Yes
Fees
0.075 - 0.1% fees for trades under $1 million
0.076 - 0.57% fees for trades under $1 million
Cryptocurrencies
400+ cryptocurrencies
160+ cryptocurrencies
Derivative trading
Yes
No
Margin trading
Yes
No
Mobile app
Android/iOs
Android/iOs
Trading Fees Comparison
Winner: Binance.com
Binance.com offers some of the lowest transaction fees in the industry.
While Binance.US also offers relatively low fees, buying and selling cryptocurrencies is marginally more expensive.
Binance.com: 0.075 - 0.1% fees for trades under $1 million
Binance.US: 0.076 - 0.57% fees for trades under $1 million
User Interface Comparison
Winner: Binance.US
While both platforms have a similar user interface, Binance.US may be a better choice for beginner investors.
Binance.com, with its extensive list of features and tools, can be overwhelming for new users.
Because Binance.US lacks many of the same advanced features, it may be less intimidating.
Cryptocurrency Selection Comparison
Winner: Binance.com
To stay compliant with American regulations, Binance.US offers fewer currencies than Binance.com.
Binance.com: 400+ cryptocurrencies
Binance.US: 160+ cryptocurrencies
Advanced features
Winner: Binance.com
Binance.com is renowned for its wide array of features including futures trading, option trading, margin trading, and a comprehensive suite of staking options.
Unfortunately, regulations in the United States prevent Binance.US from offering many of these same features.
While Binance.US was designed to comply with American regulations, the platform has been dealing with issues of its own.
In October 2023, the platform halted conversions to the US dollar. Binance.US claimed that the SEC’s aggressive stance on cryptocurrency led to banking partners being hesitant to deal with crypto exchanges.
Which Binance should I use? If you are a resident of the United States, Binance.US is the best choice due to regulatory restrictions. For those outside the US, the global Binance platform offers a broader range of features and a wider selection of cryptocurrencies.
If you're looking for a platform with low fees and comprehensive tools for experienced traders, Binance might be the better choice. However, if you're a beginner looking for a user-friendly platform with a strong reputation and regulatory compliance, Coinbase is likely the better choice.
Binance is often considered one of the safest exchanges in the world if you consider the level of security. If the exchange crashed or a hacker stole assets or funds, the SAFU reimburses its users from the $1 billion fund. Not every platform has an insurance fund in place.
The easiest way to trade is by executing spot trades at real-time prices. Binance offers a few different types of spot trading options, such as market, limit, stop-limit, and OCO.
While they are both operated by the same company, they have different regulations and offerings due to the different regulatory environments in the US. You cannot use your Binance account for Binance US as they are separate platforms with separate account systems.
Regulations: Binance operates under the regulations of multiple jurisdictions where it is based, while Binance US complies with the regulations of the United States. Asset availability: Binance offers a wider range of fiat, digital assets, trading pairs, and products compared to Binance US.
Our Verdict. While no crypto exchange is perfect, Binance.US offers a rich blend of useful charts and an intuitive user interface. Best of all, Binance.US charges rock-bottom fees for spot trading and very competitive “instant buy” fees. Just be aware that this platform is not available to all U.S. residents.
While Binance.US is accessible and legal in the majority of US states, there are also states in which Binance.US is unsupported due to financial regulations.
Binance has implemented restrictions for U.S. residents due to compliance reasons, which led to the creation of Binance.US. However, keep in mind that while Binance.US shares the Binance brand, it's managed by a different company, BAM Trading Services, allowing it to adhere to U.S. regulations.
What Should I Do to Keep My Funds Safe? The answer here is having a main wallet in a hardware wallet, e.g., Binance, which is never linked to any project. In this main wallet, there should be multiple wallets that should be linked to one project each. Any unused funds should always be stored in the main wallet.
Binance is a very successful exchange for crypto, they have their own chain with a decentralized exchange, they regularly burn tokens… and they know how to do marketing.
Which Binance should I use? If you are a resident of the United States, Binance.US is the best choice due to regulatory restrictions. For those outside the US, the global Binance platform offers a broader range of features and a wider selection of cryptocurrencies.
Limited Fiat Options: The selection of supported fiat currencies may be limited. Risk of Hacks: Binance has experienced security breaches in the past. Withdrawal Fees: Binance may charge withdrawal fees for certain cryptocurrencies.
Here are some recommended alternatives to Binance ¹ ²: - Coinbase: A digital currency wallet and platform where merchants and consumers can transact with new digital currencies. - Zengo Wallet: Crypto wallet for everyone where users can buy, trade, and earn BTC, ETH, and more than 70 of the top cryptocurrencies.
It's also important to do a thorough cryptocurrency exchange fee comparison. Analysing this metric in this Binance vs Coinbase comparison, it's clear that Coinbase has the lowest trading fee percentage of Up to 0.6%, while the second place goes to Binance with a fee of 0.10%.
If we look at the ease of use, it's clear that in this Binance vs Crypto.com comparison, Binance has better & smoother user experience than Crypto.com. One of the leading crypto exchange platforms in the industry. A cryptocurrency-oriented platform that offers a wide variety of crypto-related services.
Binance is a legitimate and highly popular cryptocurrency exchange that offers a wide range of trading features and services. While it can be a bit complex for beginners, Binance also provides various resources and tools to help new users navigate the platform and learn about cryptocurrency trading.
Introduction: My name is Francesca Jacobs Ret, I am a innocent, super, beautiful, charming, lucky, gentle, clever person who loves writing and wants to share my knowledge and understanding with you.
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