Binance US Review

Spot Trading

Spot trading is a simple transaction between a buyer and a seller to trade at the current market rate, known as the spot price. The trade takes place immediately when the order is fulfilled.

Traders can prepare spot trades in advance to trigger when a specific spot price is reached, known as a limit order. You can make spot trades on Binance US through the trading page interface.

OTC Trading

OTC trading  is a form of decentralized trading. This means you sell directly to the buyer through a broker, rather than through a large centralized exchange with lots of red tape and exorbitant fees.

There will initially be 12 coins available for trading on the portal (plus USD).There are no OTC trading fees charged on Binance US. However,  the minimum trade amount is an equivalent value of 10,000 USD. If you would like to trade beyond the maximum trade amount allowed, please reach out to [email protected]

Peer-to  Peer Trading

P2P trading happens when traders buy and sell cryptocurrencies directly to other traders, without using a third party or an intermediary. Binance US P2P allows traders to sell their cryptocurrencies locally, with 0 trading fees. Traders are also allowed to create their trade advertisements to set their own prices.

Binance Chain Wallet

The Binance Chain Wallet is the official Binance cryptocurrency wallet for accessing the Binance Smart Chain, Binance Chain and Ethereum. The Binance chain wallet can be used to store crypto as well as connect to thousands of projects across different blockchains.

Traders can use their Gmail accounts to sign in to their wallets through tKey.

Wallet Direct

Allows traders to transfer coins between their Binance.com account and their Binance Chain Wallet.

Trust Wallet

With Trust Wallet you can store a variety of tokens on the market, with more projects and blockchains adopted all the time. Trust Wallet is a multi-coin wallet. This means that you have one backup for all your assets. The Trust Wallet works with decentralized exchange too.

External Wallet

Traders are able to deposit cryptocurrencies from external wallets or use a credit card, or deposit fiat currency.

Business Accounts

Binance US supports eligible business accounts for USD, EUR, GBP, NGN, AUD, and BRL deposits and withdrawals. Corporate account users can purchase cryptocurrencies with USD, EUR, GBP, NGN, AUD, and BRL.

Referral Program

Registered Binance US traders are allowed to participate in the Binance referral program. To earn rewards on your referrals, users must pass verification. Users must then go to the Referral Program page to review the Terms and Conditions of the Referral Program and register to participate. This program will replace the previous sign-up bonus and a free month of trading promotion.

Earn 20% from the fee of each referrals trade. Earn 40% if you hold 500 BNB or more.

Mobile App

Now you can download the Binance.com mobile app. It is available on IOS and Android.  On the Binance Mobile app, traders will be able to:

• Buy and sell cryptocurrency and fiat on the mobile app
• Keep track of all incoming and internal transactions.
• Binance Pay is available on the mobile app, which means that you can transfer and receive crypto payments via Pay in the App wherever you are.
• Keep Your Funds Safe with Whitelist Addresses
• Invite more traders to join Binance through the referral programme on the app.

Customer Support

There is a 24/hour customer service department available to traders. They can reach the customer service department via live chat or by logging a ticket.

CER Cyber Security Score (CSS)

9.74/10

CSS is an industry benchmark assessment of the cybersecurity characteristics of a given exchange. It consists of three weighted components: application-level security, SSL/TLS connection, and domain security. CSS uses over 18 indicators, based on the best practices of cybersecurity protection.

Cold Storage

Binance US does support Cold Storage. Cold wallets have no connection to the Internet. Instead, they use a physical medium to store the keys offline.  As a way to protect the traders funds, Binance US only holds a small percentage of its coins in hot wallets. The remainder is kept in cold storage.

Two-Factor Authentication

Binance US has a two-factor authorization process.  In order to make withdrawals from your Binance US account, you are required to set up two-factor authentication. Each time you sign in you will be reminded to enable 2FA.

Is Binance US Safe?

Does Binance US Support Fiat Currencies?

Can You Short on Binance US?