Binance.US Review

Like everything in life, there are pros, but also cons. At Binance.US the pros start with the fees, which are already low, even more so if compared to their big rivals. As for the supported cryptocurrencies, there is a wide variety. Its platforms for trading are usually easy to access, among other reasons that favor it.

The cons, on the other hand, are minimal. The first is the fact that it is not available to everyone. That is, not everyone who resides in the US can access it. And it also happened that in the year 2019, there was a major hack attack, which hit the parent company.

Who is Binance.US interesting to use?

We can say that Binance.US is among the most used cryptocurrency exchanges in the world. It obviously has great reasons for this. It attracts traders of all kinds because of its low fees and large cryptocurrency diversification.

Binance.US has the advantage of being available to a variety of people, but the disadvantage is that it is not the same way for everyone. People who reside in New York, Idaho, Hawaii, Texas, Louisiana, and Vermont do not have this option available.

Even with these limitations, it is still one of the main ones used in the world. For those who want to invest in cryptos, you need to know that this Binance.US platform can help you, as it will probably offer everything, or almost everything you are looking for.

Binance.US Fees, Features, and more

When it comes to fees, Binance.US charges a spot fee of 0.10% per trade. When trading for beginners, 0.50% is charged for buying and selling. It is possible that there is a decrease in fees when trading spot.

Binance.US is simple to use as it makes the process of selling and buying cryptocurrencies easy. The known main paths for this are four, namely, Markets, Buy Cryptocurrency, Advanced, and OTC.

For investors with more experience, they will revolve around the two platforms that Binance.US uses for trading. Markets, formerly known as Basic and Advanced. Every user profits due to the more affordable fees of both Markets and Advanced.

Final Conclusions

Binance.US is completely secure. It was ranked fifth among the most secure exchanges in the year 2022 in March. When you sign up, you are required to authenticate two factors, and also to set up a code to protect against hacks.

Finally, there is identity verification through an ID that is issued by the government. Regarding the cryptocurrencies you can buy at Binance.US, there are many. Get to know the list of the main ones.

They are: Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, BNB, Currency USD, Ethereum, Cardano, TetherUS, Stellar Lumens. If you want access to a list of all the cryptocurrencies that are made available, be sure to check it out on the company’s website, on the markets page.