Pros

• Low trading fees, with a maximum of 0.60% for maker/taker trades
• Wide selection of cryptocurrencies, with approximately 156 available for trading
• Supports staking on about 17 assets with competitive rewards
• User-friendly mobile app available for both iOS and Android
• Real-time charts and advanced trading tools for intermediate to advanced traders
• Crypto-to-crypto trading pairs with low minimum trade amounts
• Availability of peer-to-peer trading and OTC desk for large trades
• Discounts on trading fees for users who hold and use Binance Coin (BNB)
• 24/7 customer support through live chat and email
• Regulated by the Financial Crimes Enforcement Network (FinCEN), adding a layer of legitimacy

Cons

• Not available in all U.S. states, including New York, Texas, and Hawaii
• No support for USD deposits or trading; only ACH wire transfer and debit card deposits
• Reports of slower and less effective customer support compared to the main Binance platform
• Higher fees for debit card and Apple Pay deposits at 3.75%
• Past regulatory issues and scrutiny faced by the parent company, Binance
• Limited insurance information on customer assets
• Complex verification process that can be time-consuming
• Not as comprehensive in features and services compared to the global Binance platform
• Withdrawal fees for wire transfers range from $10-15 with a minimum $100 withdrawal
• Limited educational resources for beginners

Spot Trading

Staking

Fees

Like all centralized exchanges, Binance.US charges fees. This is how they generate revenue, and keep their operation running.

• Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
• Withdrawal fees. Binance.US charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by Binance.US.
• Binance.US's maker fees: 0.3%*
• Binance.US's Taker fees: 0.45%*

Maker/taker fees are tiered. As you trade more and generate volume, they often fall.

Payment Methods

Binance.US supports 4 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

• Credit/Debit Card
• Bank Transfer
• Crypto
• Apple Pay

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

Binance.US supports 1 fiat currencies.