Cryptocurrencies have recently got the facility of future contracts, which are agreements that predetermine the price of an asset to buy or sell it later. Feeĭebit card Purchase isn’t allowed, debit card transfer 4.5%įuture trading is an excellent feature on cryptocurrency exchanges that allows traders to predict the price of a certain cryptocurrency. Apart from that, it has the same discount and referral bonuses as its parent. The Binance US trading fees can even go as low as 0%. When it comes to credit card purchases, you’ll be required to pay US$10 or 3.5% on. The same applies when trading with Binance US. The good thing is that you can further lower this amount by 25% by using BNB (Binance coin). The standard trading fee of this exchange is 0.1%, which is more affordable than other exchanges like Coinbase. Binance US is exactly the same with no difference whatsoever. Non-trading fees include withdrawal, deposit, and conversion fees, which apply to your transactions depending on your traded volume and currency. and Binance US have trading fees, future trading fees, and non-trading fees. USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrenciesįees is another important factor you should consider when choosing a crypto exchange. On the other hand, Binance US only supports USD and a few cryptos as base currencies. One thing that gives Binance an upper hand over its US platform is its compatibility with a wide range of base account currencies. Moreover, both exchange platforms have only one trading account. They also offer 1:10 leverage (spot), so you can control digital assets costing $10 for each dollar in your account as a trader.Īs far as leverage on futures is concerned, Binance offers 1:100 while Binance US doesn’t have any such feature. Likewise, both support mobile devices, web, and desktop trading platforms. The minimum deposit on both platforms is $10. For example, there is no difference between Binance and Binance US minimum deposit amounts. The minimum deposit, supported markets, leverage, base account currencies, and fees determine the trading condition of a cryptocurrency exchange. SEC, FINRA, and SIPC do not monitor or control whatever happens on the platforms. However, the company stated that it had made all the necessary regulatory changes to improve user experience by enhancing its compliance team with an impressive 500%.Ĭurrently, no financial authority regulates Binance or Binance US. As a result, the company faced many compliance issues in many countries, including Canada, the U.K., Singapore, Japan, and Thailand. Similarly, Binance services are also not available worldwide. so that we can hope for a better future ahead. But luckily, the company has planned to be fully functional all over the U.S. The six states that can’t benefit from Binance US are Louisiana, Hawaii, New York, Vermont, Idaho, and Texas. It is currently working in 44 out of 50 U.S. However, unfortunately, the service is not available for all states. To stay compliant, Binance US has organized its regulations under the U.S.
Not allowed in 6 US states (New York, Texas, Louisiana, Hawaii, Idaho, Vermont)īinance vs. Limited number of supported coins compared to
Passive Income With Staking and Mining Pool Binance in detail:īetter safety for US citizens compared to Īdvanced trading apps, Indicators, and drawing tools are Available The below table will evaluate the pros and cons of Binance US vs.
However, their customer support and security protocols are somehow similar. Moreover, they have different deposit and withdrawal methods, trading fees, and liquidity. Instead, they are solely restricted to using Binance US. The major difference between Binance and Binance US is that US citizens can’t use the former. These differences make them both unique and attractive in their own ways. Despite being a part of, Binance US differs in several aspects from its parent. Binance US: How Do They Differ?īoth and Binance US are the best crypto exchanges globally.
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