If your wondering if Binance is safe for US citizens you’ve landed in the right place. I’ve personally been using them for a little over a year. In that time I’ve come to love the mobile app making quick swing trades, but also use their desktop website as well. As of right now Binance US is one of the most utilized trading platforms in the United States. It’s a popular choice among crypto traders with robust security, low fees, many coins available for trading, informative charts and graphs, and even a bonus for signing up.
Who is Binance US
Binance US is a popular centralized exchange for traders in the US. After Binance, the top world-wide crypto exchange stopped offering its services to US users; they decided to create a US branch of the platform. Binance US is an excellent alternative to the global version for crypto-traders in the United States. However, it has significantly fewer coins due to concerns about objections from US regulators.
Binance US’s CEO, Catherine Coley, was an executive at Ripple, giving her an excellent currency exchange background. The United States operation’s headquarters are in San Fransisco, California, and they currently offer their services to 41 states.
Benefits to Investing in Crypto on Binance US
Binance US claims to be superior to other centralized trading platforms because they actively work to fix many of the common issues that the other platforms have. For example, they offer tougher security measures and more market liquidity than other centralized exchanges. Binance US also boasts competitively low fees ($.01 for standard trades), making it a worthy consideration for traders looking for reduced costs.
On top of its commitment to give users a great experience with low fees, Binance US also has many useful features on its platform. To get the best price for their assets, users can choose to spot trade, future trade, or limit trade when buying and selling crypto. Aside from trading, users can also stake in coins and lend coins to earn interest and dividends.
Binance US gives users a significant amount of flexibility when trading. Users can change any coin against different cryptocurrencies and various fiat currencies. Additionally, they are one of the few platforms that allow users to create sub-accounts that they can manage for clients, friends, or family.
And, of course, Binance US has a sleek and user-friendly interface. Both their app and website are simple to navigate, even for beginner traders. The platforms offer an excellent experience for traders by providing a clean layout while not giving up advanced features.
Are They Safe for US Citizens?
So is Binance is safe for US citizens? Binance makes security one of their top priorities with extensive security features implemented to protect their users’ assets. Considering they’re based in the United States, they’re held to all of the United State’s currency exchange regulations as well. Traders who want a safe exchange that they can be confident using should consider them a top choice.
After Binance’s global platform was breached in May 2019, they’ve worked to improve their security measures significantly. One of the most notable implementations is creating a SAFU (Secure Asset Fund for Users). The SAFU is funds set aside from exchange fees that can be used to compensate users incase of another breach in the future.
Binance US offers a host of other features to protect its users as well. To prevent suspicious activity, they use AI, cyber forensics, and Universal 2nd Factor (U2F) to authenticate and monitor transactions. For further protection, traders can also opt to use 2 Factor Authentication (2FA) to sign in to their account, depositing, trading, and withdrawing funds.
Coins Available on Binance US
Unfortunately, Binance US does not offer as many coins as its global counterpart that offers 260 different currencies. However, in terms of currency variety, Binance US is still the top marketplace among US exchanges with 52 different coins. They offer the most popular coins such as BTC, ETH, LTC, LINK, and DASH, as well as various smaller coins.
Additionally, Binance has a currency called Binance coins (BNB). When users use BNB to pay for trading fees, they get a significant discount! This is a unique perk users can take advantage of that’s not offered by many other exchanges.
Charts / Graphs for Cryptos
Binance US offers extensive charts and graphs for beginners and seasoned traders. Users can choose between an advanced or simple interface, providing versatility for every experience level. The charts and graphs on the exchange are great tools for getting insights on when to buy or sell your crypto.
Charts and Graphs Offered by Binance US:
- Candlestick Chart
- Volume Bars
- Trading Pair Tab
- Order Book
The exchange offers various other indicators to provide crypto-traders with all the resources they need to make informed crypto exchanges. Users can also choose which of the indicators they want depending on their experience and preference.
Bonus for Signing Up
New users are given a welcome bonus of 30 days with no trading fees! This is a huge perk for those looking to start trading a lot right away. Additionally, a new user and their friend will receive $15 after handling at least 100 USD in trading volume if they sign-up. You can claim that bonus by clicking here.
Final Thoughts
If you were wondering if Binance is safe for US citizens we hope this helped you out. This is a noteworthy cryptocurrency exchange for any crypto-investor in the United States. The platform has many significant advantages over other US centralized exchanges, such as increased security and a higher number of crypto coins offered. One of the most appreciable features that Binance offers is their crypto coin (BNB) that traders can use to lower their trading fees or hold and trade it like any other coin.
Even though Binance US doesn’t offer as many coins to trade as the original, it’s still a top choice among American users. The US team is dedicated to providing its users with a similar crypto-trading experience compared to the global version that was previously offered in the United States.
Binance US is a great way to start trading cryptocurrency with its advanced security system, low fees, and sign-up bonus. The platform boasts various benefits and features, including the largest crypto-market in the US, making it stand out among its competitors! You can get started trading by clicking here.
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