The Binance US exchange appeared on the American market in 2019. This method of protection is mandatory for all customers of Binance US, and you can set it up in the personal cabinet.Įxpert’s assessment of the Binance US exchange Security and protection for clients of Binance USīinance US is licensed in 34 US states, including Alabama (check sales license: SC 814), Georgia (payment instrument vendor license: 72019), Ohio (money transfer operator license: OHMT199), and others.Ĭustomers' personal information is protected by two-factor authentication. ![]() Training courses for novice and experienced participants Information not available on the Binance US websiteįAQs: Answers to frequently asked questions from tradersīlog of exchange with the latest news and updates on the company's work Information presented on the Binance US website The website only provides customers with general information about working with the cryptocurrency exchange. On-sight training for traders and investorsīinance US does not have a section with materials that would help traders understand the peculiarities of cryptocurrency trading. The Binance US cryptocurrency exchange does not offer any bonuses. If you have any questions concerning trading on Binance US, the Traders Union recommends contacting the support team of the company. Variant for clients who make a large volume of transactions. However, the conditions on the crypto exchange are more favorable than on the market, as the exchange's investment programs allow you to reduce the number of commissions by 25%. The level of trading fees at Binance US depends on the trading volume and transaction amount. The comparative results are presented in the table below. To objectively assess the level of trading fees, Traders Union specialists compared Binance US with the performance of its competitors, such as Coinbase and Bybit. When withdrawing funds by bank transfer, a $15 fee is charged. Trading fees depend on the trader's selected instrument, its activity, trading volumes, and if the user has the proprietary currency of BNB exchange on deposit. ![]() It offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants through the ICO process.The experts at the Traders Union inspected Binance US's trading conditions to determine its trading and non-trading fees. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens. Understanding Binance Coin (BNB)īinance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain. We are continuing to monitor the situation closely. According to the SEC, the two companies, which operate Binance.US, misrepresented trading controls and oversight, operated unregistered exchanges, broker-dealers, and clearing agencies, and participated in the unregistered offer and sale of securities to U.S.-based investors. On June 5, the SEC charged Binance Holdings Ltd., BAM Trading Services Inc., and their founder, Changpeng Zhao, with various securities law violations. 17, 2023, in response to the Securities and Exchange Commission (SEC) lawsuit filed against Binance.US on June 5, 2023. dollar deposits, withdrawals, and trades on Oct. This came just one month after Binance paused all U.S. ![]() Binance agreed to pay $4.3 billion to settle charges Changpeng Zhao stepped down as CEO and agreed to pay $50 million toward the settlement. ![]() 21, 2023, Binance and its CEO, Changpeng Zhao, pleaded guilty to money laundering charges.
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