Binance is known as the world’s largest cryptocurrency exchange. Recently, the exchange claimed the daily trading volume is about $75 billion. Binance.us was launched with the aim of providing Binance services in the United States. It is a subsidiary of Binance but is managed completely independently. This article will provide you with the differences between Binance.us and Binance.com?
What’s Binance.us?
In September 2019 in San Francisco, Binance.us was launched as a subsidiary of Binance in the US. This means Binance.us will be adjusted to comply with U.S. financial regulations.
Currently, this exchange is in the top 10 exchanges with the largest trading volume. Although it does not offer as many cryptocurrencies as well as transactions like the company, Binance.us is still considered to be superior to many other exchanges in the United States with more than 50 options.
Pros and cons of Binance.us
Although the exchange also has the same features as Binance website, there are still services that are not diversified.
Advantages
- There are more than 50 cryptocurrencies available.
- Low transaction fees.
Shortcoming
- Not available in seven states in the United States.
- Compared to Binance website, the exchange has fewer cryptocurrency pairs transferring to cryptocurrencies.
The differences between Binance.us and Binance.com
| Features | Binance.com | Binance.US |
| The currency supported | More than 600 coins and about 1300 markets. | Just more than 85 coins and about 190 markets. |
| Transaction fees | 0% registration fee
0% deposit fee $1.5 bank withdrawal fee 1% bank card withdrawal fee |
0% registration fee
0% deposit fee $15 bank withdrawal fee No bank card Support |
| Trading type options | Spot
Margin Futures Contracts Other types of derivatives |
Spot
Margin |
| Currencies | USD, GBP, EUR and some other cryptocurrencies | USD and cryptocurrencies |
| Minimum limit on deposits | $10 | $10 |
| Security level (ranked from high to low) | 2FA
Biometrics Level Encryption 1-layer security |
2FA
Biometrics Level Encryption 1-layer security |
| How to make passive profits | Staking
DeFi Deposit |
Binance Pool
Staking |
| How to deposit and withdraw currency on the exchange | Cryptocurrency
Bank Transfer Bank Card Digital Wallet Transfer |
Cryptocurrency
Bank Transfer |
| Support services | 24/7
Support via phone Support via email Live chat |
24/7
Support via email No support via phone or live chat |
Conclusion
Binance.us and Binance.com have their own advantages and disadvantages. However, there are also differences between these two exchanges. Each exchange will be suitable for each group of objects as well as different investment objectives. Therefore, you need to choose how to match your investment purpose and financial budget.
>> Related: How to register and verify Binance account update 2022
