Known as one of the top cryptocurrency exchanges in the world, Binance launched its American branch called Binance US to cater to its customers in the country. With more than 50 cryptocurrencies available, Binance US is known for its low transaction fees and zero-fee deposits that many crypto users like because it helps them minimize the total spendings.
With the emergence of different crypto exchanges, Binance US is one of the most trusted exchange sites in the US. This has become one of the top crypto exchanges in the country given that it only markets to users that are based in the United States.
What is Binance US?
Binance US exchange is a crypto marketplace intended for American crypto users that launched in September 2019. It is powered by one of the world’s top cryptocurrency exchanges, Binance and operated by BAM Trading Services.
Although bearing the same logo and name with Binance, Binance US is a separate company. Additionally, this exchange is smaller than other crypto exchanges with just a daily volume of US$89 million.
While Binance US is only available in the United States, users from certain states have restrictions when using the platform. One of the restrictions includes fees on cryptocurrency transactions and restricting companies from accepting cryptocurrencies.
The states with these restrictions are the following:
- Alabama
- Connecticut
- Florida
- Hawaii
- Idaho
- Louisiana
- New York
- North Carolina
- Texas
- Georgia
- Vermont
- Washington.
Binance US supports multiple cryptocurrencies in its platform, though it’s not as many compared to Binance, the exchange features 7 cryptocurrencies since its launch. Here are the following cryptocurrencies available on the site:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- XRP
- Litecoin (LTC)
- Tether (USDT)
- Binance Coin (BNB).
Considering Binance US features a few cryptocurrencies, trading pairs will also be lessened. During its launch, the exchange only has a total of 13 trading pairs. However, they keep their users updated with announcements on new cryptocurrencies added on the site.
The difference between the two exchange sites is that some of the available cryptocurrencies on Binance might not be available on Binance US. However, the US-based exchange already stated they will be adding a few more in future, and now, the exchange supports more than 50 cryptocurrencies today.
Here are the first 13 cryptocurrency pairs that Binance US originally supports:
- ETH/USD
- BCH/USD
- BNB/USD
- BTC/USD
- LTC/USD
- XRP/USD
- USDT/USD
- BTC/USDT
- ETH/USDT
- XRP/USDT
- BCH/USDT
- LTC/USDT
- BNB/USDT.
Binance US exchange features
Binance US is as impressive as its parent company because it offers a lot of advantages that users will like. Here’s what you can look forward to when you start using this cryptocurrency exchange:
Fast
Just like its parent company, Binance US is also known for its fast transactions since it uses the same technology as Binance. The exchange processes 1.4 million transactions per second.
Low fees
Binance US only charges its users 0.1% on transaction fees. It’ll be lesser if you use BNB as your payment.
Liquidity
Binance US offers high liquidity to its users since this is where crypto users can get their desired cryptocurrency. This ensures that users will always have a hassle-free and easy transaction.
Excellent customer service
If you ever find yourself with a question or a concern, all you have to do is reach out to the exchange’s customer service. Send your inquiries and they’ll answer them immediately.
Open an account with Binance US today!
Discover what Binance US can offer and open an account today to begin trading! It’s easy to sign up on the exchange site. Here’s how:
Visit the site
Keep in mind that there are phishing sites everywhere, so if you are searching for the site of Binance US, make sure you click the right one.
Create an account
Once you’re on the site, input the email address and password you want to use for your Binance US account. Make sure that your password includes upper and lower case letters, numbers, and unique characters. Then click on the box below that states you’re over 18 years of age.
Verify your account
Once you’ve created an account, you’ll receive an email requesting confirmation of your account. Go to your email and click on the ‘Verify Email’ button to complete setting up your account.
Begin depositing funds at Binance US
Now that you have your account at Binance US, begin depositing funds into your account so you can trade! Using your debit or credit card, deposit any amount in your account by clicking on the ‘Deposits’ under the ‘Funds’ option on the menu.
Afterwards, choose the ‘Select Deposit Coin’ option to enter the type of cryptocurrency you would like to use. Once you enter the cryptocurrency, you will be given a unique deposit address that consists of a series of letters and numbers.
Copy your deposit address and go to your wallet to put the number of coins you want to transfer into your account. Always double-check the address before sending it.
Once you’ve sent your coins, your Binance US account will receive them within 10 minutes. If you want to make sure that your funds are in your account, click on the ‘Balances’ under the ‘Funds’ section of the menu.
Trading in Binance US is easy and fast, the first thing you should do is click on ‘Basic’ under the ‘Exchange’ option on the menu. Then, click on the cryptocurrency that you’ve deposited into your account.
Trade on Binance US today
Creating transactions with Binance US is fast and easy. Once you’ve set up your account and transferred funds, you can start trading on a wide variety of cryptocurrencies in the site. Once everything is done, you should receive your purchase for only a short amount of time!