In late 2020, Binance Exchange notified US-based users to migrate to Binance.us due to regulatory changes. While both platforms share branding and software, they operate as distinct entities with significant differences for traders.
Binance.us Quick Overview
Launched: 2019
Operator: BAM Trading Services (under Binance license)
Availability: 44 US states (excludes HI, NY, TX, ID, LA, VT)
Key Features:
- 50+ cryptocurrencies
- Low 0.1% trading fees
- ACH/wire transfers + crypto deposits
Fee Comparison: Binance vs Binance.us
| Feature | Binance | Binance.us |
|---|---|---|
| Trading Fee | 0.1% | 0.1% |
| MATIC Withdrawal Fee | 0.15 MATIC | 16 MATIC |
| VIP Tier Threshold | 50 BTC volume | $50k volume |
Pros and Cons Breakdown
Binance.us Advantages
✅ Low trading fees
✅ Mobile app availability
✅ Simple onboarding for beginners
Binance.us Limitations
❌ 46% fewer cryptocurrencies than Binance
❌ Higher withdrawal fees
❌ No derivatives or Binance Visa Card
Binance Exclusive Features
- 1000+ trading pairs
- Staking rewards
- Crypto loans and investment products
Trust and Security
Both platforms employ:
- Two-factor authentication (2FA)
- Cold storage for funds
- Encrypted data
Note: Binance suffered a $40M hack in 2019, while Binance.us remains unhacked.
FAQ: Common Questions Answered
Q: Can US citizens use original Binance?
A: No. US IPs are automatically redirected to Binance.us.
Q: Which platform has lower fees?
A: Binance offers significantly cheaper withdrawals (e.g., 15.85 MATIC less per transaction).
Q: Is Binance.us available in New York?
A: No. NY residents must use alternative exchanges like 👉 Kraken.
Final Verdict
Your choice depends entirely on location:
- Non-US traders: Original Binance provides superior features
- US traders: Binance.us is the only legal option
Always confirm your state's eligibility before signing up. For advanced traders seeking derivatives, consider 👉 global alternatives.