#Binance america verification
#Binance america professional

The process of opening a Binance.US account is relatively straightforward. While Binance replaced users’ bitcoin and the U.S.-partner platform hasn’t been hacked, it’s important to be aware that security breaches are a risk with any crypto exchange. In 2019, hackers stole $40 million worth of bitcoin from Binance user accounts. Users who hold BNC also get a 0.25% trading fee discount. While competitors have trading fees starting at 0.50%, maker/taker fees on Binance.US range from 0% to 0.01%. Binance.US is the only major crypto platform available in the United States to offer zero-fee Bitcoin (BTC) spot trading across BTC/USD, BTC/USDT, BTC/BUSD, and BTC/USDC - for all traders, with no minimum trading volume requirements. One of the most appealing features of Binance.US is its low trading fees. Beginners may be overwhelmed by this exchange’s features and tools.

Overall, the trading experience on Binance.US is better suited for more experienced traders. Note that OTC trading is only available for trades over $10,000. In the OTC portal, buyers can negotiate trades directly with sellers. The advanced portal integrates with TradeView and features a candlestick chart, real-time pricing, and access to your order history. If you prefer to trade, you can click “Trade” to view market performance or make trades on the platform’s advanced and OTC portals. To purchase or sell cryptocurrency on Binance.US, log into your account and click the “Buy Crypto'' button. Users can access the Binance.US platform via an online dashboard or the exchange’s mobile apps, available for iOS and Android. Users can buy, sell, and trade popular assets like Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Solana (SOL), Cardano (ADA), as well as lesser-known ones like VeChain (VET) and Orchid (OXT). However, its dashboard isn’t particularly user-friendly.īinance.US offers a selection of over 120 cryptocurrencies. platform’s trading tools, low fees, and valuable educational resources could make it a decent option for certain crypto traders. Company Overviewīinance.US offers over 120 cryptocurrencies and is not available to users in Hawaii, New York, Texas, and Vermont. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.

#Binance america professional

Consult with a qualified professional before making any financial decisions. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. This exchange offers some of the lowest trading fees available and discounts for high-volume traders.

Users on the platform can buy, sell, trade, convert and stake over 120 popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA). partner BAM Trading Services, Binance.US is a cryptocurrency exchange for residents of the United States. Limited selection of assets: Even though Binance.US supports 120+ cryptocurrencies, some competitors offer a larger selection.Ĭreated by Binance and its U.S.

#Binance america verification

Lengthy identity verification process: You can’t buy, sell, or trade on Binance.US until your identity is verified, and the verification process can take several days.

Trading fee discounts available: Users who hold Build and Build (BNB) can get a 25% trading fee discount.

Educational resources available: Those interested in learning about crypto and blockchain can access the Binance.US Blog, which offers educational videos and articles for traders of all experience levels.

This platform’s fees are very low compared to the competition.

Low trading fees: Maker/taker fees on Binance.US range from 0% to.Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp.