Binance.US: What American Traders Need to Know Before Signing Up

Does Binance.US charge a monthly fee?

This exchange does not charge a monthly fee. You only pay trading fees per transaction, with no subscription or recurring costs for maintaining an account.

How to Set Up a Binance.US Exchange Account

Thinking about signing up, but don’t know where to start? Here’s what you will need to do:

1. Click Get Started or Register to begin the sign-up process
2. Enter your email address and create a secure password
3. Agree to the terms of service and privacy policy, then click Create Account
4. Check your email inbox for a verification email and follow the link to verify your address
5. Choose your state of residence and confirm your eligibility
6. Provide your legal name, date of birth, and home address
7. Complete the identity verification by submitting a government-issued photo ID (such as a driver’s license or passport) and a selfie for facial verification
8. Set up two-factor authentication (2FA) for added security
9. Wait for your identity to be verified (this usually only takes a few minutes)
10. Once approved, log in to your account and link your bank account or payment method for deposits
11. You can now deposit funds and start trading

The site usually verifies your identity within minutes (up to a few hours), but delays can happen if your documents are unclear or if the platform is experiencing high application volumes. To avoid delays, make sure your information is clear and accurate. Then, all that is left to do is to start purchasing, selling and trading. Don’t forget that you can also transfer funds from Binance to other exchanges, like Kraken.

In-depth Details: What’s to Like and What You Should Know

The Binance.US exchange offers an expansive suite of features that can benefit new and experienced traders. For a start: the exchange provides access to over 160 cryptocurrencies, as well as competitive spot trading fees, and advanced trading tools (like charting and custom limit orders). You can even earn passive rewards simply by staking. The website and mobile app are intuitive to use. All of this makes buying, selling, and conversions very straightforward.

History and Background

Binance.US launched in 2019 as the American counterpart to the global giant, Binance. Our Short History of Binance page details the global exchange’s full history in more detail. This secondary platform aims to make advanced trading features more accessible to U.S. users. It is operated by BAM Trading Services to comply with U.S. regulations, while maintaining low fees (and a fairly decent selection of digital assets).

Over the years, the site has expanded its cryptocurrency offerings, improved its trading tools, and adapted to evolving market demands. It has established itself as a top choice for American crypto investors who want a taste of what this established and reputable global brand has to offer.

Safety and Security

As a FinCEN-registered company, Binance.US adheres to all federal anti-money laundering and know-your-customer requirements (KYC). This compliance is a great starting point for fair and transparent trading. Beyond that, there are also industry-standard protections, like two-factor authentication, cold storage for most digital assets, and advanced encryption methods that protect your accounts and funds.

Here are some of the security features that stood out to me:

• Withdrawal whitelisting: Pre-approve wallet addresses for more secure withdrawals.
• Device management: Limit and manage specific devices with access to your account.
• Anti-phishing codes: Create a unique word or phrase that will appear in all official emails to help verify communication.
• Cold wallet storage: The majority of customer funds are held offline in secure storage.
• Two-factor authentication (2FA): Required for both logins and withdrawals.
• Advanced encryption: All sensitive information is encrypted to prevent interception by unwanted (or unknown) parties.

My Overview: I like how straightforward Binance.US is. The platform feels secure, user-friendly, and always keeps me in control of my investments.

Special features

The most important thing about this exchange is that it gives users based in the USA access to their own version of the (global) Binance infrastructure. This version of the site delivers a full-featured trading experience that can be tailored for both entry-level and professional crypto enthusiasts.

Key features include sophisticated order types (market, limit, stop-limit, trailing stop, and OCO), and a revamped advanced trading interface. You can also can stake cryptocurrencies to earn passive income (with 20+ options), automate trades using API support, and set custom price alerts. The instant crypto conversions, secure and fast USD deposits/withdrawals, and seamless app integration help make portfolio management part of your daily activities.

Usability

In my experience, this site makes trading straightforward, mostly thanks to its clean interface and organized layout. Navigating between markets, order types, and portfolio details is intuitive, whether I use the desktop site or mobile app. Setting up trades or deposits only takes a few clicks – and useful features like price alerts and instant conversions are easy to access. Even advanced tools and charts are simple to find and use. Overall, the platform helps me manage virtual investments efficiently with minimal hassle.

Customer support

The US-version of the platform still provides 24/7 support through an online help center, live chat, and a ticket-based email system. Support agents handle common topics like account verification, deposits, withdrawals, and trading inquiries. The guides and FAQs will help you find solutions to common issues, which can usually be fixed quite easily.

Mobile App

The Binance.US app has a streamlined and intuitive design, as you would expect from any mobile-forward exchange. You can easily navigate markets, place buy and sell orders, and set up custom price alerts and stop limits directly from your mobile device. It also supports real-time candlestick charts, integrated technical indicators, and instant crypto-to-crypto conversion for efficient on-the-go trading.

Just because it’s mobile, doesn’t mean it is any less secure. Features like biometric logins, two-factor authentication, and device management, all work to keep your data protected. Deposits, withdrawals, and staking are simple to execute, making portfolio management efficient.

Other useful features you should know about

• Recurring Buys: Schedule automatic purchases for added convenience.
• Crypto-to-Crypto Conversions: Move between trading pairs with ease (and with no added fees).
• Convert Small Balances (“Crypto Dust”): Combine small coin balances into major coins like BTC, ETH, BNB, or USDT.
• Custom Crypto Domains: Create a personalized wallet address for when you send, receive, or request tokens.
• OTC Trading Portal: Place over-the-counter trades for large orders.
• Institutional Accounts: Specials support and dedicated services are available for hedge funds and family offices.
• API Trading: Automate your investment with programmed strategies and trading bots.
• Staking: 20+ cryptocurrencies options with exclusive rewards.
• USD Services: Easily deposit, withdraw, and trade with USD pairs.
• Price Alerts: Set and manage notifications for price changes and market movements.

Navigating Normal and Advanced Modes

By this point it should be clear that this US platform contains many of the same great features and designs of the bigger, global one. This includes its own Advanced Trading mode.

The advanced trading mode turns the platform into a professional-grade environment (without any extra cost). This means having access to more sophisticated tools and more advanced order book data to execute precise trading strategies. This mode makes Binance.US particularly appealing to active investors seeking comprehensive functionality (while staying fully compliant with U.S. regulations, of course). All traders can seamlessly switch between the normal (base) mode and advanced mode, so here are a few details to keep in mind as you go.

Why You Should Trust CryptoVantage: How I Reviewed Binance.US

The CryptoVantage methodology for rating the best crypto exchanges on the market incorporates different aspects of the digital asset trading experience. Some of the things we look at include:

• Trade volumes and asset availability
• Trading features and tools
• Security
• Transparency, reputation, and support
• Fees and added costs
• Ease of use

Final Thoughts: Is Binance.US Worth It?

Binance.US strikes a great balance between ease of use and advanced functionality. The platform offers access to a wide range of cryptocurrencies with low fees, plus flexible options for both beginners and experienced traders. I appreciate how simple it is to switch between basic and advanced trading modes, and the staking features are a nice bonus for earning passive rewards. While it doesn’t have every option the global site does, Binance.US makes investing straightforward and trustworthy for U.S. users.