In December of 2021, Binance announced a security audit program to enhance free unlimited and secure vpn for google chrome the protection of user accounts. Project Shield audits BEP-20 and ERC-20 projects listed on the exchange.Insurance. US dollar deposits are held in pooled custodial accounts at insured banks. As such, all US dollar deposits made on Binance.US are eligible for FDIC insurance. Binance Holdings Ltd. has also created a Secure Asset Fund of over $1 billion to help combat potential hacks to user accounts. The crypto exchange offers a variety of services for institutions.

Is It Possible To Use Leverage or Margin Trading on Binance.US?

Up until recently, Binance boasted nearly 60% of the market share for crypto spot trading. Even as that share has waned to closer to 40% since US regulators amped up pressure on the company starting in June, no other exchange even comes close. The Seychelles-based OKX is second in market share at 5.44% and the US exchange Coinbase is third at 5.37%, according to crypto news site CoinDesk. Binance.US offers user-level security features such as two-factor authentication (2FA) and conducts a rigorous Know Your Customer (KYC) verification check for all new users. Binance.US is not available in Hawaii, New York, Texas, or Vermont.

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Also, in October 2022, parent company Binance suffered another major hack that cost the platform more than $570 million in BNB. Binance and Binance.US were separate entities by this point, and the Binance.US site wasn’t affected. One of the reasons for the split had to do with the parent company facing an investigation by the U.S.

Despite its limitations, the U.S. platform’s trading tools, low fees, and valuable educational resources could make it a decent option for certain crypto traders. For basic verification, Binance.US allows traders to make U.S. dollar deposits and withdrawals via bank transfers and debit cards. Traders can also deposit and withdraw cryptocurrency, buy, sell and convert cryptocurrencies, and become eligible for Advanced Trading Feature. Make smarter trades with deep liquidity, powerful charting capabilities, and ultra-low fees you won’t find on other crypto exchanges. Our scalable trading solutions are built for everyone from active traders to institutional-grade API traders. Binance licenses its matching engine and wallet technologies to Binance.US, so users can enjoy the cutting-edge digital assets trading technology Binance is known for.

Traders who use its advanced platform pay a lower maker/taker fee, as shown below. Binance.US gives a 25% discount on trading fees to customers who pay in its utility token, Binance Coin (BNB). On Nov. 21, 2023, Binance and its CEO, Changpeng Zhao, pleaded guilty to money laundering charges.

Best of all, Binance.US charges rock-bottom fees for spot trading and very competitive “instant buy” fees. Just be aware that this platform is not available to all U.S. residents. Binance is among the largest cryptocurrency exchanges in existence. The result was Binance.US, which is run by BAM Trading Services with licenses from the original Binance platform. This review covers everything you need to know about the US focused version of the cryptocurrency exchange.

It’s important to note that this bitcoin cash abc cfds crypto exchange is not available to residents of Hawaii, New York, Texas and Vermont. There’s a reason why Binance and Binance.US exist separately from one another. These two platforms share certain features, layouts, and fees, but there are important differences to consider before you sign up for either. Of course, Binance has a far larger user base, but Binance.US’s 24-hour trading volume is still pretty low for such a big name. At the time of writing, Binance has a 24-hour trading volume of over $7.6 billion. Binance.US, on the other hand, has a trading volume of over $15.2 million.

Is your cryptocurrency safe with Binance.US?

• On the downside, Binance.US has been reported to have insufficient customer support and the exchange is licensed to serve residents in all 50 US states.
• As is the case with many crypto exchanges, Binance does charge fees in certain scenarios.
• Below is a table listing the features offered by Binance and Binance.US, with similar services highlighted.

BBB ratings typically range from A+ to F and reflect the bureau’s opinions of a company’s customer complaint history, business practices, and licensing information. A B+ rating indicates that Binance.US offers strong customer support and trustworthiness. Binance.US deducts a 25% to 35% service fee from any earned staking rewards, depending on the underlying asset. You can bitcoins market value tops $1 trillion for first time in its history access crypto-to-crypto trading through the Binance.US Advanced Trading screen, available to all verified users. For instance, Binance.US offers both the Ethereum/Bitcoin and Litecoin/Bitcoin trading pairs. Binance also has a native coin, Binance Coin (BNB), which was initially launched on Ethereum as an ERC-20 token and subsequently migrated to Binance’s proprietary blockchain, BNB Chain.

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He graduated from McGill University with a degree in Computer Science. Investors and entrepreneurs in the crypto space just want to see the industry move on from its early days of idolizing founders. The initial market response to the Binance news was muted, with Bitcoin slipping just over 1% Tuesday afternoon — hardly a blip in the notoriously volatile market. Zhao faces a maximum of 10 years behind bars, though his ultimate sentence will likely be far lower. He also agreed to pay a $50 million criminal fine and a $150 million civil penalty. Following a multiyear investigation, US authorities said Binance allowed bad actors on the platform, enabling transactions linked to child sex abuse, narcotics and terrorist financing.

Both exchanges differ in terms of deposit and withdrawal methods, liquidity and trading fees. Binance.US offers industry-standard security features for its users. It also requires that account holders verify their identities to buy, sell, or trade crypto.