![]() One of the main appeals of Binance.US is low fees. Fees and discounts can be hard to understand for beginners.Trading fee discounts for users who hold CRO.Users of the exchange’s native cryptocurrency, Coin (CRO), stand to benefit the most from the card.Īnother feature of is that users can earn interest on cryptocurrencies they can loan to other users depending on their loaning and how much CRO they hold in their account. That said, offers a range of features, including a marketplace for non-fungible tokens ( NFTs) and a DeFi wallet.Ĭ also has a prepaid Visa rewards card that makes it easy to add funds to your account with bank transfers, credit or debit card payments, and cryptocurrency. except the state of New York.Īlthough it boasts more than 250 tradable coins, not all of them can be traded in the U.S. Founded in 2016, it’s available everywhere in the U.S. The platform is one of the most popular crypto exchanges around, with 50 million users across 90 countries. “’s mainstream global sports sponsorships and TV advertising campaigns make their platform seem familiar and trusted,” says Joseph Poulose, chief information officer with InterMedia Group of Companies. The platform is also more widely available in the U.S., although it also charges higher fees, on average, than Binance.US. “ is the go-to option for beginners and people new to crypto,” says Ivaylo Yovkov, chief operating officer with Rewards Bunny. Nearly 90% of Binance.US reviews on Trustpilot give the exchange a “bad” rating, while only 64% of reviews give a bad rating.ĭespite it’s less-than-outstanding customer service reputation, is more beginner friendly than Binance.US. But Binance.US ranks particularly poorly on this front compared to. In addition, the company offers free BTC trading for a limited set of pairs.Ĭrypto exchanges are not known for their excellent customer service. Binance.US: Differencesīinance.US is best-suited for more experienced crypto investors who trade often and can rack up savings thanks to the exchange’s tiered fee structure.įor users who trade Tier 1 crypto pairs like ETH/USD or SOL/USD, the maker and taker fees are 0.1% and 0.2%, respectively, for trades of less than $10,000 per month. While the Binance.US exchange itself hasn’t been hacked, thieves stole $40 million worth of BTC from their partner,, in 2019 (Binance.US and are separate companies). All in all, total losses were around $34 million, including more than $15 million in ETH, $19 million in BTC and about $66,200 in other cryptocurrencies. In January 2022, nearly 500 than accounts experienced unauthorized withdrawals. Margin trading allows users to borrow money to trade bigger amounts. Users on can hold their crypto in the DeFi wallet.īoth exchanges offer margin trading as an advanced feature. Both exchanges offer cryptocurrency storage options.īinance.US users can select the Binance Chain Wallet, which supports the storage of Bitcoin, Ethereum and Binance Coin (BNB), to name a few. ![]()
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