WHAT IS BINANCE.US, IT’S DIFFERENCE FROM REGULAR BINANCE

Established in 2017 by Changpeng Zhao, Binance has rapidly ascended to become one of the leading cryptocurrency exchange platforms worldwide, recognized for its significant trading volume.  

The platform caters to a diverse audience of crypto enthusiasts by providing a variety of features, including spot and futures trading, peer-to-peer (P2P) trading, staking, and savings options, alongside a comprehensive selection of cryptocurrencies.  

While Binance enjoys a global presence, it is restricted in certain regions, including the United States, prompting the launch of a dedicated platform for US users, referred to as Binance US.  

WHAT IS BINANCE.US??

Following the tightening of regulations, Binance US was established to offer Binance’s services specifically for users in the United States, addressing concerns from regulators who classified certain Binance crypto assets as “securities,” a category that includes various financial products like stocks and bonds.  

To comply with the stringent licensing requirements for trading securities in the US, Binance opted to create a distinct platform for American users rather than altering its existing operational framework, a strategic move that proved advantageous for the company.  

With a significant number of cryptocurrency traders and enthusiasts across the nation, Binance US quickly gained traction, becoming the leading cryptocurrency exchange, offering competitive fees, diverse trading platforms, advanced charting tools, and a variety of investment options.  

WHAT MAKES BINANCE US.UNIQUE

Binance stands out as one of the most popular cryptocurrency exchanges globally, largely due to its competitive fees and a vast selection of cryptocurrencies that attract a diverse range of traders.  

While Binance.US is accessible to a significant number of U.S. residents, it is important to be aware that individuals in Hawaii, New York, Texas, and Vermont do not have access to this platform.  

Nevertheless, Binance.US continues to rank among the top 10 cryptocurrency exchanges worldwide, as reported by CoinMarketCap.com.  

BINANCE ACCESSIBILITY

Binance stands out as a prominent international cryptocurrency exchange, offering extensive accessibility across the globe. With operations spanning more than 100 countries, it has garnered significant popularity among cryptocurrency enthusiasts around the world. Nevertheless, it is important to recognize that Binance is restricted in specific nations, including Iran, North Korea, Thailand, Malaysia, and particularly the United States. This restriction in the US prompted the establishment of a distinct platform, Binance US, designed to serve the needs of American users. For a more comprehensive analysis of various cryptocurrency exchanges, you may refer to our article comparing Binance and Coinbase.

BINANCE US ACCESSIBILITY

Binance US operates solely within the United States, having been established to adhere to US regulations and to provide a trading platform for American users interested in cryptocurrencies. It is noteworthy that Binance US is not accessible in every state; currently, it caters to customers in 45 states. The limitations in certain areas stem from the distinct regulatory frameworks that exist in those regions.

In contrast, Binance is accessible in more than 100 countries. When considering whether to use Binance or Binance US, your geographical location will play a crucial role. While Binance provides extensive international access, Binance US serves as the primary platform for users based in the United States, albeit with some state-specific restrictions. As the cryptocurrency landscape continues to develop, it is essential to remain informed about any changes to these services.

IS BINANCE US SAFE TO USE?

As of January 2023, the esteemed cryptocurrency exchange review platform (CER) recognized Binance US as the fifth most secure crypto exchange globally. Notably, this ranking positioned Binance US above both Coinbase and Binance.com, highlighting its robust security measures.

When you register on Binance US, you have the opportunity to enhance your account’s security by enabling two-factor authentication, setting up an anti-phishing code, and verifying your identity with your national ID card. These features are designed to provide users with a safer trading environment.

Binance US operates under a distinct set of regulations that align with United States laws, while Binance.com adheres to international legal standards. Consequently, residents of the United States are unable to access Binance.com and must utilize Binance US, which is available in 54 states across the country.

MAJOR DIFFERENCE BETWEEN BINANCE AND BINANCE US