What is Binance US?

Answer (1 of 69): Binance US is Binance, but only for American citizens. Binance is not accessible to Americans due to the banking and money laundering laws. They (Binance) chose to cut U.S. citizens off from its platform (along with several other exchanges) because they don’t want to comply with...

Can US based traders access Binance?

US-based traders cannot access Binance since the site no longer allows U.S. users. However, if you were once a Binance account holder and wanted to transfer to Binance.US, you need to open a Binance.US account and proceed with the KYC process.

Is Binance a 'crypto-only' exchange?

Low fees: Binance has a complex fee structure that varies based on what asset you're trading and how much you trade. But Bitcoin trades are often free. No cash: Amid increasing regulatory scrutiny, Binance.US announced in June of 2023 that it would become a "crypto-only" exchange.

Is Binance a good investment?

Binance is recognized for its low charges, ample liquidity, and distinctive features that support smart trading, such as when it launched the parallel blockchain Binance Smart Chain . However, Binance has faced challenges due to the rapidly evolving cryptocurrency market and government restrictions.