The international site is also a good place to pick up privacy coins such as Zcash and Monero, as well as Dash, which is arguable as to whether or not it is a privacy coin. Of course, doggie meme coins like Doge and Shiba Inu are also available on Binance. I tested it out extensively for our Binance US review and found I had to wait hours, even over 24h for a response, with the best response time coming in at 45 minutes. The support on the international platform doesn’t quite match up to the impressive support provided by the likes of Kraken or Swissborg, but it is still pretty darn good. Using the live chat feature, most inquiries are addressed in under ten minutes, and there is also email and ticket support if live chat isn’t your thing.
Simply link a bank account to quickly and conveniently cash in and out of crypto. Currently, due to state-specific regulations, Binance US is not available to residents of Texas. Here’s what every U.S. crypto investor should know before signing up. No matter the device you have — phone or laptop, tablet or router — VeePN’s next-gen data protection and ultra-fast speeds will cover all of them. Most reliable providers offer either a free trial period or a money-back guarantee. Let’s talk about the legal aspect of using this platform across the country.
Advanced features
You can either convert your funds into crypto and then send it to your wallet or other exchange where you have an account. Or you can use ACH or bank wire to send cash to your bank account. As of now there is no Binance support phone number, but they do have a customer support section where you can submit your requests.
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Moreover, for investors/traders that hold BNB, there’s an extra 0.25 percent trading discount. Binance.US doesn’t offer the full 350+ cryptocurrencies traded on parent-company Binance’s platform. However, with more than 130 cryptocurrencies supported, most traders will find what they’re looking for on Binance.US.
Binance.US Staking Services
- They use services like Banxa and Simplex to execute these orders.
- We use data-driven methodologies to evaluate financial products and companies, so all are measured equally.
- All new and existing eligible Binance.US customers can participate in Boost events.
The verification process takes a few hours, and users can handle only digital assets. Due to regulations in the United States, Binance.US has a smaller selection of supported cryptocurrencies than the global Binance platform. Binance boasts over 600+ tradable tokens/coins, and Binance.US only supports around 150+. This means you will find all the usual coins like Bitcoin (BTC) and Ethereum (ETH) on both platforms. The only difference is that Binance.US lacks access to a wider range of altcoins and emerging projects. Overall, while the advanced trading interface may be better suited for experienced traders, beginners can access the Binance Academy to quickly learn the ropes.
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- In terms of customer support, Binance US has room for improvement.
- This decision comes as the exchange struggles with low trading volumes following regulatory challenges.
- Binance is the largest exchange in the world by a considerable margin, both in terms of trading volume and users, and for anyone who has ever used it, it is obvious why.
- This wide range of options includes popular coins such as Bitcoin, Ethereum, and Binance’s own BNB, as well as less known, but promising coins like Solana and Matic.
- The launch of Binance US is currently restricted to only 12 states (including New York, Texas and Florida) and it seems that it may take some time for the company to expand its operations geographically.
It is worth noting that some states, for example, Texas, New York, or Vermont, restrict access to Binance US services under various state conditions. One example of this is why many users ask is Binance US eligible in Texas? As of the current regulatory landscape, residents of Texas face restrictions.
In 2018, Binance announced plans to expand into new markets, including the launch of Binance Uganda, a fiat-to-crypto exchange for Ugandan residents, and launched bitcoin faq frequently asked questions the Binance DEX. The following year, Binance announced Binance US, a separate platform for US customers which complies with US regulations, and also Binance Jersey, a fiat-to-crypto exchange for European customers. In the interest of saving you time, to put it bluntly, if you are not a US citizen, you would be better suited to use the international Binance platform.
Well, oftentimes, both of these groups of people will have different wants and needs, as far as the exchange usability is concerned. One of the things that might differ is the device that they’ll be using to purchase crypto. To start things off, we should address the elephant in the room, and talk about both what is cryptocurrency and how to use it what Binance.US is, and how it’s different from the main Binance exchange. To learn more about how Binance.US manages risk and protects investments, click here. A big priority for Binance globally over the past few years has been to improve its compliance and meet the regulatory standards of the various countries it operates in. Regarding Binance.US, it is FinCEN registered with 43 Money Transmitter Licences and on track to be the most licensed exchange in the U.S.
This is standard across most exchanges, with the fees varying depending on the type of cryptocurrency. Binance convert is the easiest way to swap crypto for traders who don’t need access to the fancy charting interface or the advanced trading orders and features. The feature that makes Binance.US so appealing is its user’s low trading fees. Its competitors charge 0.50 percent trading fees whereas on Binance.US, The maker/taker fees range from 0 to 0.1 percent and instant buy/sell fees are 0.50 percent.
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Let’s say you want to acquire a specific cryptocurrency that is not directly paired with the cryptocurrency you currently hold in your wallet. First, check if our Convert feature supports a direct crypto-to-crypto conversion. For example, if you withdraw $100,000 in crypto assets at 11 a.m., and then withdraw another $900,000 at 5 p.m., you won’t be able to withdraw any more crypto until after 11 a.m. The following day when the $100,000 withdrawal is removed from the rolling limit. It’s important to note that you can still use other platforms or services to buy crypto with USD or cash out to USD, which we cover later in this guide. For a list of supported regions and states (including crypto only states), see here.
Binance US Review: Features
For now, though, I hope that this in-depth Binance US review has helped you shape your opinion about this unique cryptocurrency exchange. The issue is pretty straightforward – there’s a big lack of information when it comes to the security features of the Binance.US platform. Binance US also has a number of customer support channels, such as email support, live chat, and an extensive FAQ section on their website. Furthermore, this helps to guarantee that help is never fading if you have any issue in placing your deposit or with trading.
Company
Adding to your Boost balance does not affect your ownership of the cryptocurrency. Boost with confidence, knowing you never lose any cryptocurrency you add to a Boost event. You can add or how much does it cost to start a stock brokerage firm or a forex trade company cryptocurrency trading remove crypto anytime in order to access your funds. Our first Boost event is proudly sponsored by Nobody Sausage and features $100,000+ in rewards. NOBODY is a meme coin based on the viral internet character and social media sensation, Nobody Sausage.