Binance.US offers just 64 available cryptocurrencies and is not available to users in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont. While the Binance global platform offers hundreds of available cryptocurrencies and is one of the top crypto exchanges in the world, its U.S. Binance.US is headquartered in San Francisco, California. Treasury Financial Crimes Enforcement Network (FinCEN)-registered company, to launch Binance.US.
Around the same time, Binance announced that it was partnering with BAM Trading Services, a U.S. In 2019, the company shut down access to U.S.
The global Binance platform was launched in 2017 by financial software developer Changpeng Zhao. 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. 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. The platform offers some of the lowest trading fees available and discounts for high-volume traders, but its partner company’s regulatory history is concerning. Users on the platform can buy, sell, and trade 64 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. Several competitors offer a larger selection.Ĭreated by Binance and its U.S. Limited selection of assets: There are only 64 cryptocurrencies available for trading on Binance.US.Partner company has poor regulatory history: Binance, the partner company of Binance.US, has a history of regulatory and compliance issues, and it's banned in multiple countries.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 Binance Coin (BNB) can get a 25% trading fee discount.
Educational resources available: Those interested in learning about crypto and blockchain can access Binance Academy, 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.
0 kommentar(er)
