Binance.US Review
Binance.US is the American arm of the world's largest cryptocurrency exchange. After a turbulent period involving SEC enforcement and suspended USD services, the platform has made a significant comeback in 2026 with restored fiat services and some of the lowest trading fees in the U.S. market.
This review covers everything you need to know: current fees, supported cryptocurrencies, state availability, staking options, security, and how Binance.US stacks up against the competition.
- 0% maker fees and 0.01% taker fees on select crypto pairs
- 160+ supported cryptocurrencies with staking on 20+ assets
- USD deposits restored via ACH with zero fees
- FDIC-insured USD deposits up to $250,000
- Available in 34 states (restricted in 16 including NY and TX)
What Is Binance.US?
Binance.US launched in 2019 as a separate, U.S.-regulated entity after the global Binance platform stopped onboarding American users. While Binance Holdings owns the platform, Binance.US operates independently under U.S. regulations.
The exchange is registered as a Money Services Business (MSB) with FinCEN and holds money transmitter licenses in multiple states. It provides crypto trading services to residents in most U.S. states, though availability varies by location.
Binance.US Fees and Costs
Trading Fees
Binance.US currently offers some of the lowest trading fees among U.S. crypto exchanges:
- Tier 0 pairs (BTC/USD, ETH/USD, SOL/USD, and 20+ others): 0% maker fee, 0.01% taker fee
- Standard pairs: 0.40% maker fee, 0.60% taker fee
- BNB discount: Additional 5% off both maker and taker fees when paying with BNB tokens
For context, Coinbase charges up to 0.60% maker and 1.20% taker fees for low-volume traders, making Binance.US significantly cheaper on supported pairs.
Deposit and Withdrawal Fees
- ACH bank transfers: Free deposits and withdrawals
- Wire transfers: $15 per transaction
- Debit card purchases: 4.5% fee (credit cards not accepted)
- Crypto withdrawals: Vary by asset (Bitcoin withdrawals cost approximately 0.0005 BTC)
| Feature | Details |
|---|---|
Minimum trade | $1 |
Tier 0 trading fees | 0% maker / 0.01% taker |
Standard trading fees | 0.40% maker / 0.60% taker |
Supported cryptos | 160+ |
Staking assets | 20+ |
ACH deposits/withdrawals | Free |
Wire transfer fee | $15 per transaction |
Mobile app | iOS and Android |
Supported Cryptocurrencies and Trading Pairs
Binance.US supports 160+ cryptocurrencies as of 2026, including major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and BNB.
The platform offers hundreds of trading pairs across USD and USDT markets. Popular pairs with zero maker fees include BTC/USD, ETH/USD, SOL/USD, BNB/USD, ADA/USD, AVAX/USD, DOT/USD, NEAR/USD, and SUI/USD.
While this is a solid selection for most traders, the international Binance platform offers 500+ cryptocurrencies and 1,200+ trading pairs. If you need access to more obscure altcoins, you may want to compare options on our best cryptocurrency exchanges page.
Security and Safety
Is Binance.US Safe?
Binance.US uses several layers of security to protect user accounts and funds:
- Two-factor authentication (2FA): Required for account access and withdrawals
- Cold storage: The majority of crypto assets are held in offline cold wallets
- FDIC insurance: USD deposits are held in custodial bank accounts insured up to $250,000 against bank failure
- Address whitelisting: Optional feature to restrict withdrawals to pre-approved wallet addresses
No confirmed security breaches have been reported at Binance.US. The global Binance platform experienced a $40 million hack in 2019 but covered all user losses in full.
However, keep in mind that cryptocurrency holdings themselves are not protected by SIPC (Securities Investor Protection Corporation), which covers stock brokerage accounts up to $500,000. This is true for all U.S. crypto exchanges, not just Binance.US.
Regulatory Status and Legal History
The regulatory situation around Binance has been one of the biggest concerns for potential users wondering whether Binance.US is legit, so here's a clear timeline:
November 2023: Binance Holdings and founder Changpeng Zhao (CZ) agreed to a $4.3 billion settlement with the U.S. Department of Justice for violations of the Bank Secrecy Act and sanctions laws. CZ stepped down as CEO and served a four-month prison sentence.
June 2023: The SEC filed a separate civil lawsuit against Binance, BAM Trading (Binance.US operator), and CZ, alleging securities law violations. Binance.US suspended USD deposits and withdrawals during this period.
May 2025: The SEC dismissed the case with prejudice, meaning it cannot be refiled. This cleared the path for Binance.US to resume normal operations.
January 2026: Binance.US announced the restoration of USD services and launched zero-fee trading on select pairs under interim CEO Norman Reed.
Binance.US currently holds money transmitter licenses in supported states and is registered with FinCEN. The resolution of the SEC case removes significant regulatory uncertainty, though state-level restrictions remain in place.
Staking on Binance.US
Binance.US offers staking for 20+ Proof-of-Stake cryptocurrencies, letting you earn passive income on assets you're already holding.
Popular staking options include Ethereum (ETH), Solana (SOL), Cardano (ADA), BNB, Cosmos (ATOM), and Polkadot (DOT).
How it works: When you stake crypto, your assets help validate transactions on that coin's network. In return, you receive periodic rewards. Binance.US calculates rewards daily and distributes them weekly.
To stake on Binance.US, you need to complete identity verification and proof of address. There's no minimum staking period for most assets, and you can unstake at any time (subject to network-specific unbonding periods).
One thing to keep in mind: Binance.US charges a staking commission that ranges from roughly 10% to 40% depending on the asset. This is higher than some competitors, so compare staking APYs carefully before committing.
State Availability
Binance.US is not available in all 50 states. As of 2026, the following 16 states and territories do not support Binance.US registration:
Alaska, Connecticut, Georgia, Maine, New York, North Carolina, North Dakota, Ohio, Oregon, Texas, Vermont, Washington, American Samoa, Guam, Northern Mariana Islands, and U.S. Virgin Islands.
Additionally, Kansas and Wisconsin operate as crypto-only states, meaning residents can trade cryptocurrencies but cannot deposit USD or link bank accounts. Users in these states need to fund their accounts with crypto transfers.
If you're in a restricted state, check our best cryptocurrency exchanges comparison for alternatives that may be available in your area.
Binance.US vs. Binance (International)
Since Binance operates two separate platforms, here's how they compare:
- Cryptocurrencies: Binance offers 500+ coins vs. 160+ on Binance.US
- Trading pairs: 1,200+ vs. several hundred on Binance.US
- Derivatives: Binance offers futures and margin trading. Binance.US does not.
- Fees: Both offer competitive rates, though exact structures differ
- Regulation: Binance.US is built specifically for U.S. regulatory compliance
If you're a U.S. resident, Binance.US is your only legal option between the two. The international Binance platform blocks U.S. users.
For most U.S. traders, Binance.US covers the essentials well. If you need margin trading or more exotic altcoins, you'll need to look at other U.S.-compliant platforms.
Trading Platforms and Ease of Use
Binance.US offers multiple trading interfaces:
- Simple Buy/Sell: A straightforward interface for buying and selling crypto with USD. Best for beginners.
- Markets (Basic): Shows price charts, order books, and trade history. Good for intermediate traders.
- Advanced: Full charting tools, multiple order types (limit, stop-limit, OCO), and real-time data. Built for experienced traders.
- OTC Portal: For large trades that need to be executed without affecting the market price.
The mobile app (iOS and Android) supports all trading modes, recurring buys, and live price tracking. It's well-rated on both app stores, though some users report occasional lag during high-volume periods.
Is Binance.US Right for You?
Binance.US is a strong choice if your primary concern is trading costs. The 0% maker fees on Tier 0 pairs and free ACH transfers make it one of the cheapest options available for U.S. crypto traders.
The platform works well for:
- Cost-conscious traders who want the lowest possible fees
- Users interested in staking popular Proof-of-Stake assets
- Traders who need access to 160+ cryptocurrencies
It may not be the best fit if you:
- Live in one of the 16 unsupported states
- Need advanced derivatives trading (futures, margin)
- Rely heavily on responsive customer support
- Want the widest possible altcoin selection
As with any crypto investment, remember that digital assets are volatile and can lose value quickly. Never invest more than you can afford to lose, and consider how crypto fits into your broader financial plan.
Frequently Asked Questions
Is Binance.US safe?
Binance.US uses two-factor authentication, cold storage for the majority of crypto assets, and FDIC-insured bank accounts for USD deposits (up to $250,000). No security breaches have been reported on the U.S. platform. However, cryptocurrency holdings are not covered by SIPC insurance, which is standard across all U.S. crypto exchanges.
Is Binance.US legal in the USA?
Yes, Binance.US is legal and operates as a registered Money Services Business with FinCEN. It holds money transmitter licenses in supported states. The SEC lawsuit filed in 2023 was dismissed with prejudice in May 2025. However, the platform is not available in all 50 states - 16 states and territories currently restrict access.
Can I cash out on Binance.US?
Yes. You can withdraw USD from Binance.US via ACH bank transfer (free) or wire transfer ($15 fee). ACH withdrawals typically take 1-3 business days to reach your bank account. You can also withdraw cryptocurrency to an external wallet.
Does Binance.US report to the IRS?
Yes, Binance.US reports to the IRS and provides tax documents to users. The platform offers a tax statement portal to help with crypto tax preparation. You're responsible for reporting any capital gains or losses from crypto trading on your tax return.
How does Binance.US compare to Coinbase?
Binance.US charges significantly lower trading fees (0% maker on Tier 0 pairs vs. up to 0.60% maker on Coinbase). Binance.US supports 160+ cryptos compared to Coinbase's 250+. Coinbase is available in all 50 states, while Binance.US is restricted in 16. Coinbase also offers more advanced features like an NFT marketplace and a standalone wallet app.
How long does Binance.US verification take?
Most identity verifications complete within a few minutes to a few days. Some accounts may take up to 10 business days depending on document clarity and current verification volume. Make sure your ID documents are clear and match your registration information to speed up the process.
