Deposit and withdrawal methods: Binance US takes the W here as it allows fiat deposits, not just crypto like the version of the platform.In terms of customer support: Both are of similar quality so it is a tie.In terms of regulatory compliance and licensing: Binance US holds an upper hand since are registered with FinCEN and comply with the local rules and regulations in the US states they are operational.In terms of supported currencies – Binance has much more to offer and wins this category.In terms of fees – it is the same fee structure so the only logical thing to do is to call it a draw.So who wins the battle between Binance and Binance US? Visit Binance US Now Difference between Binance and Binance US: Conclusion However, they had a separate fund for such cases and they refunded all users with the money from that fund. They also suffered a funds loss worth $40 million during a hack in May 2019.
#Login binance us verification
For the audits, Binance was examined on 114 criteria across 14 categories, including security policy, asset management, operational security, and information systems.īinance had an apparent leak of up to 60,000 users’ know-your-customer verification data, though it pointed a finger at a third-party service provider at the time. Securityīinance says it’s been awarded an information security accreditation after meeting standards set out by the International Organization for Standardization (ISO).
Financial Crimes Enforcement Network ( FinCEN) and comply with all of the state laws in which the proposed venture will be operational. The only difference is that Binance US is actually playing by the financial rules and regulations in the US as they had to register with the U.S.
Reduces base trading fees to as low as a 0.02% maker fee and a 0.04% taker fee.īelow is the comprehensive tabular overview of Binance fee structure: Levelīinance US derives its reputation and trust from its mother company. TypeĪ discount when paying trading fees with the BNB coin.Ī discount for holding different amounts of BNB in your account while meeting trade volume requirements. Standard Binance trading fees are 0.1%, but by using Binance native token BNB, you can make considerable reduction to the fees, currently 25% less if you check the option to pay fees in BNB (instead of paying them in the coin you are buying). Later on, Binance added fiat gateways to their main platform as well. Binance US allows fiat deposits unlike what the main Binance platform offered at the time. In order to continue serving American customers, Binance.US opened a separate, smaller exchange called Binance.US in the fall of 2019. Binance was launched in 2017, but in summer 2019, they barred US-based users from its global exchange for regulatory grounds.
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