Binance.US Review 2023

Binance.US Overview

Binance.US was built by Changpeng Zhao in 2019, and has been in operation since.

The exchange is based in Hong Kong, and serves many customers all over the world. Provided you're in one of the supported countries, you're free to trade.

Binance.US Services

• Spot Trading. Binance.US allows you to trade, buy, and sell, crypto on spot markets. Meaning you're trading the real thing. You can deposit and withdraw this crypto.
• Staking. Binance.US allows you to stake your crypto and earn passive income.

Binance.US Payment Methods

Binance.US supports 29 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 over 1 fiat currencies: USD.

Binance.US Security

Binance.US offers 3 layer(s) of security. Aside from the obvious, email and password.

Binance.US requires KYC to use their services. KYC usually involves sharing your full details, some form of ID, and a mobile phone number.

Binance.US Fees

Like other 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.