Binance.US Full Review 2022: Pros, Cons and How It Compares

In this video we are going to review Binance.US, I’m going to give a full guide on where Binance.US shines and where it falls short, detailed information on fees, so you can decide if it is for you or not.

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Let’s start with where Binance.US shines
Low fees: Binance’s 0.1% trading fee is lower than many other U.S. exchanges.
Trade execution: Binance is known for its high-speed trade execution. Before company founder Changpeng Zhao started Binance in China in 2017, he developed a software system for matching orders for high-speed traders.
Crypto selection: While it doesn’t offer as many cryptocurrencies and crypto-to-crypto trading pairs as its parent company, the selection of nearly 60 cryptocurrencies at Binance.US still outpaces many other U.S. exchanges.

Now let’s talk about where Binance.US falls short
Accessibility: Binance.US isn’t available in 7 states, which are Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, Vermont

Regulatory issues: Global parent company Binance has run into regulatory issues and controversy in some countries, moving operations from China to Japan; at a May 2020 tech conference, founder Changpeng Zhao claimed the parent company doesn’t have a headquarters because “Bitcoin doesn’t have an office.”

Binance.US is best for:
Peer-to-peer trading.
Crypto-to-crypto trading.

More details about Binance.US's ratings
Minimum trade
Binance.US has a minimum trade of $10.

Trading and transaction fees
Binance.US charges a flat 0.1% spot trading fee, which is lower than many other U.S. exchanges, including eToro (about 0.75% for Bitcoin trades) and Coinbase (which charges 0.5% for trading fees plus a flat fee of up to $2.99 per trade, depending on trade amount). For traders in a hurry, Binance.US also offers a 0.5% Instant Buy/Sell fee.

Number of cryptocurrencies
Binance.US offers the purchase and sale of nearly 60 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Chainlink, Dogecoin and other popular digital currencies.

Crypto-to-crypto trading pairs
Binance.US currently offers nearly 60 crypto-to-crypto trading pairs with Bitcoin and nine other digital currencies.

Digital wallet options and security
Trust Wallet is the official wallet for Binance users, a free app to store cryptocurrency that is highly rated by Google Play and App Store users. Users, however, are welcome to use their own choice of crypto wallet.

Mobile app
In December 2020, Binance.US released an update of its mobile app to include live price tracking, the ability to automate recurring buys and more customizable features. The mobile app mimics much of the same functionality as the desktop site.

Customer support options
The only way to contact Binance customer support is via email.

Is Binance.US right for you?
Binance.US gives a wide choice of cryptocurrencies with a trading fee that is among the lowest of the cryptocurrency exchanges NerdWallet reviews. The U.S. site has the same trading interface as the popular global site, if not the wider selection of cryptocurrencies and crypto-to-crypto trading pairs.
No matter where you decide to make your purchase, understand that investing in cryptocurrencies like Bitcoin is highly speculative and known for its volatility. It’s wise to never invest any more than you can afford to lose.