Cryptocurrency exchange established for people in the United States. Over 120 prominent cryptocurrencies, including BTC, ETH, SOL, and ADA, are supported on the site, which allows users to buy, sell, convert, trade, and stake the cryptocurrency. This particular exchange provides its customers with some of the most competitively priced trading costs and savings for high-volume traders. Let's discuss binance us review.
Trading Experience
Users have access to the Binance US platform via either an online dashboard or the mobile applications that the exchange offers, which are compatible with iOS and Android. Binance US requires users to authenticate into their accounts before using the "Buy Crypto" option to buy or sell cryptocurrencies. If you would rather trade, you may examine the performance of the market or place trades on the advanced and OTC portals of the platform by clicking the "Trade" button.
The sophisticated site is integrated with TradeView and offers a candlestick chart, access to real-time pricing, and a record of your previous orders. Direct transaction negotiations may occur between buyers and sellers through the OTC platform. It is important to keep in mind that OTC trading is only possible for deals that are more than $10,000.
Fees
The very cheap trading costs offered by Binance US are one of the platform's most compelling selling points. Binance US is the only major cryptocurrency platform in United States that provides zero-fee BTC spot trading across BTC/BUSD, BTC/USDT, and BTC/USDC — for all traders, with no minimum trading volume requirements. This makes Binance US the only major cryptocurrency platform in the United States.
While most exchanges charge trading fees beginning at 0.50 percent, the maker/taker costs on Binance US vary from 0 percent to 0.1 percent. The costs for instant buys are 0.50%. Users who possess BNC are also eligible for a reduction of 0.25% on trading fees.
Binance US has a somewhat high cost for debit card deposits of 4.5%, even though its trading fees are quite cheap. Users would be better suited to making deposits via free methods such as ACH or wire transfers to send money into their accounts. Withdrawals made using ACH are also free; however, those made using wire transfers cost $15 for domestic transfers and $35.00 for international transfers, respectively.
Security
Binance US provides its customers with security measures on par with industry standards. Additionally, to purchase, sell, or exchange cryptocurrency, account holders are required to validate their identity. The verification procedure might be time-consuming, but it is necessary to help prevent fraudulent activity and other criminal behavior. Binance US is the only major cryptocurrency exchange platform in the United States that has never been the victim of a hack or security breach to this day.
Users must set up multi-factor authentication and verify their identities, and face recognition is one of the options available for mobile devices. You may also quickly check the devices you've used to log in by accessing your online dashboard and whitelisting the cryptocurrency wallet addresses.
Opening an Account
The steps involved in creating a Binance account in the United States are not too complicated. Just click the "Get Started" link in the top right corner to get started. Your first step will be to input your email address and phone number. If you wish to purchase, sell, or trade on the platform, in addition to providing some basic personal information, you will also be required to provide a picture of an ID issued by the government.
The process of verifying an individual's identification might take some time, as was previously noted. Users have noted that becoming verified on Binance US might take a few weeks to several months, which can be highly inconvenient, particularly if you want to begin trading immediately.
Customer Service
Binance US, just like many other cryptocurrency exchanges, has a restricted selection of customer care choices. On the Binance US Support website, users can submit a form or participate in a live chat that is available around the clock. But if you need instant help with your account, there is no method to phone or email someone immediately to get in touch with them.
Users cannot talk to someone personally; however, there is a comprehensive list of frequently asked questions on the Binance US Support website. Those looking for solutions to more broad issues may find this resource useful.
