In general, offers a large range of supported assets and trading options for worldwide traders. Is Binance Good For Us Customers… and its rates are likewise a few of the lowest in the market. While there are some positives about the platform, its compliance issues are a cause for concern.
If does not sound like the right option, you might wish to consider Coinbase Pro, which is among its main competitors.
vs. Coinbase Pro
and Coinbase Pro are the two largest exchanges on the planet. They also use active traders adaptability in trading alternatives and properties. Here’s how the two platforms compare.
worldwide assistances more cryptocurrencies than Coinbase Pro, however, U.S. supports fewer cryptocurrencies than Coinbase Pro
‘s area trading fees are lower than the maker-taker costs on Coinbase Pro
offers a benefits program for holding BUSD on its platform, while Coinbase Pro uses rewards for staking your digital assets on its platform
Coinbase Pro users have access to a native digital wallet, while users do not
Coinbase is normally regarded as one of the most stable, safe cryptocurrency exchanges, while has actually encountered different problems with security and compliance
Both and Coinbase Pro offer an advanced trading experience. While has typically lower costs and more international trading options, the Binance.US platform is more limited with fewer options than Coinbase Pro, which could make Coinbase Pro a better option for U.S. financiers. Citizens of other nations might feel the opposite is true.
In addition, while’s fees are lower, they are also having compliance concerns in other countries and are being investigated in the U.S. Coinbase has also faced recent concerns with U.S. regulators, though the issues are less about the overall platform and more about its Lend program. In general, Coinbase is considered as a more stable, safe and secure platform than.
LAST VERDICT
While is the largest cryptocurrency exchange in the world, the continuous examinations, and the long list of countries prohibiting or limiting its services are cause for issue. Its platform may likewise be too complicated for new cryptocurrency investors.
However, if you’re a skilled worldwide trader who aspires to explore various tokens and trade options, may have the features you’re searching for. Active traders based in the U.S. may discover some opportunity on.US, but it provides less supported cryptocurrencies than the worldwide platform. Ensure to do your due diligence and compare platforms before beginning with.
Methodology
Investopedia is committed to assisting those thinking about cryptocurrency investing make informed and safe choices. We are committed to offering our readers with objective reviews of the top cryptocurrency exchanges for financiers of all levels.
Exchanges were evaluated on points consisting of security, costs, variety of cryptocurrencies readily available, and more. We also considered if the exchange is controlled by an appropriate agency or totally decentralized. Our complete cryptocurrency exchange approach, consisting of the review process and weighted data points, is offered for evaluation.
Exchange continues to be among the top cryptocurrency exchanges worldwide by offering users the most cryptocurrency trading sets of any trusted exchange, leading to having the greatest trading volume of any crypto exchange.
Founded in 2017 by Changpeng Zhao, quickly became a leading cryptocurrency exchange and has its own crypto called Coin. United States utilizes a few factors to figure out area trading charges, but in basic, even casual users will be able to trade Bitcoin for complimentary. For other cryptocurrencies, area trading costs vary from 0% to 0.6%.
Users who pay fees using.US’ native BNB cryptocurrency get 25% off trading expenses.
At the time of writing, for every Litecoin (LTC) that you want to withdraw, it would cost you 0.01 LTC in fees. However, if the worth of Litecoin increased, so would the withdrawal cost. This is since the charge is fixed to the rate of Litecoin, and not top the cost of USD (or your regional currency).
There are no limits to the value of deposits you make, however if you want to withdraw cryptocurrency, then you would require to validate your account. This can be done by submitting identification, such as your passport.
�” Prizes
Routine traders on exchange have the possibility to win prizes. These rewards change all the time, and have so far consisted of complimentary cryptocurrencies, such as Waves (WAVES) and Ontology (ONT).
�” ICO Launchpad
is well known for noting new cryptocurrencies as quickly as their ICO has finished. This shows that numerous crypto companies deem their favorite exchange. doesn’t simply list any old cryptocurrency, though, it has to truly prove itself as a solid cryptocurrency for the exchange to note it.
�” Security
takes security really seriously, and consumers are asked to set up two-factor authentication (2FA) when they register an account. 2FA is an extra level of security that sends out a special code to your smart phone every time you want to log in, trade, or withdraw funds
Different cryptocurrencies cost various amounts to trade.
Trading charges also vary depending on how much you trade, with lower-volume customers paying more.
There are no fees for money deposits or withdrawals by ACH bank transfers. Bank wire deposits are totally free, and wire withdrawals cost $10 to $15.
Charges for cryptocurrency withdrawals differ by cryptocurrency; withdrawals of Bitcoin cost 0.0002 BTC.
Variety of cryptocurrencies: 5 out of 5 stars
US uses the purchase and sale of about 125 cryptocurrencies.
Crypto-to-crypto trading pairs: 4.5 out of 5 stars
US currently provides more than 150 crypto-to-crypto trading pairs. While this is a high number, trading pairs are limited to simply Bitcoin and stablecoins.
Storage and security: 3.5 out of 5 stars
Trust Wallet is the main wallet for users, a totally free app to keep cryptocurrency that is extremely rated by Google Play and App Store users. Users, however, are welcome to use their own option of crypto wallet.
There have been no reported breaches at.US, but the international website reported in 2019 that hackers stole 7,000 bitcoins worth $40 million at the time. The company stated it paid the losses completely to impacted users.
All U.S. dollar deposits at.US are held at custodial checking account and insured up to $250,000 for bank failure by the Federal Deposit Insurance Corp. But.US does not state whether it has personal insurance coverage for crypto deposits hung on its services.
Unlike stock brokerages, cryptocurrency exchanges such as Binance.US are not covered by the Securities Investor Defense Corporation, which protects financiers up to $500,000 in total money and securities loss in case of a brokerage failure, unapproved trading or theft.
US offers staking benefits on 11 coins, with rates up to 13.5. The quantity of time that will take differs depending on the cryptocurrency in concern.
Mobile app: 4 out of 5 stars
. US apps have an average rating around 4 stars in the iOS and Android shops.
Customer support alternatives: 4 out of 5 stars
.