⚡ Binance.US in a nutshell
- 💰
0% maker fee on spot trades — lowest in US. Binance.US standard maker fee is 0%, taker 0.10% — lower than Coinbase, Kraken and most US competitors. Significant advantage for limit order traders.
- 🇺🇸
US-only — FinCEN registered. Separate from Binance.com. FinCEN registered as a Money Services Business. State money transmitter licences across most US states.
- ⚠️
Reduced product range vs. Binance.com. 60+ coins vs. Binance.com's 350+. No futures, no margin lending for retail, no NFT marketplace. A scaled-down version of the global platform.
- ⚠️
SEC and CFTC regulatory scrutiny — ongoing. Binance.US faced SEC charges in 2023 — charges were later dropped in 2025, but the period of uncertainty created operational challenges.
- 📊
Best for fee-conscious US crypto buyers. For US investors who want lower fees than Coinbase/Kraken and are comfortable with the regulatory history, Binance.US offers the best spot trading fees.
⚠️ What to watch out for
- ⚠ SEC charges filed 2023 — dropped 2025, but created operational disruptions (fiat deposits suspended for periods)
- ⚠ 60+ coins only — far fewer than Binance.com (350+)
- ⚠ No futures or derivatives for retail US clients
- ⚠ Banking relationships affected by regulatory pressure — verify current fiat deposit/withdrawal status
- ⚠ Not available in all US states — check state availability
WhichBrokr Category Ratings
Overview
Binance.US (operated by BAM Trading Services Inc.) was launched in 2019 to serve US customers after regulators made clear Binance.com was not compliant with US law. It is registered with FinCEN and holds state money transmitter licences. It shares the Binance brand but is a legally distinct entity.
In 2023, the SEC filed charges against Binance.US and its parent Binance. During the subsequent legal period, Binance.US suspended US dollar deposits and other services, significantly disrupting operations. The SEC charges were dropped in 2025, allowing the platform to resume full operations, but the period of uncertainty and operational disruption was significant.
Despite the regulatory history, Binance.US offers the lowest fees among major US exchanges: 0% maker, 0.10% taker on spot trades. For US investors who prioritise cost and are willing to accept the regulatory history, it remains a competitive option. For US investors who prioritise regulatory standing, Coinbase or Kraken are safer choices.
Pros & Cons
✅ Pros
- 0% maker fee on spot trades — lowest in US among major exchanges
- FinCEN registered and state licensed
- 60+ cryptocurrencies covering major assets
- No account minimum
- Familiar Binance interface
❌ Cons
- 2023 SEC charges (dropped 2025) — significant regulatory risk history
- Fiat deposits and withdrawals disrupted during regulatory proceedings
- 60+ coins only vs. Coinbase/Kraken range
- No futures or derivatives
- Not available in all US states
- Ongoing reputational risk from parent Binance's 2023 DOJ settlement
🔍 Broker Audit Report
A structured assessment across 5 pillars — regulation, tax/legal, costs, features and platform accessibility. Updated July 2026.
🛡️
1. Legal Entity & Capital Protection
Binance.US regulatory profile
Entity
BAM Trading Services Inc. (DBA Binance.US) — FinCEN registered Money Services Business. State money transmitter licences.
SEC Status
SEC filed charges June 2023. Charges dropped 2025. Binance.US resumed full operations.
Crypto Insurance
No SIPC or FDIC coverage on crypto assets. No government scheme.
Relationship to Binance
Legally distinct from Binance.com. Shared brand. Binance.com is banned for US residents.
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2. Tax Notes
US crypto tax treatment
Tax Documents
1099-DA provided for US crypto gains/losses. Annual transaction history available.
No IRAs
Binance.US does not offer IRA accounts. Use Coinbase or a Bitcoin IRA provider for tax-advantaged crypto exposure.
Ordinary Income
Some staking rewards may be taxable as ordinary income — consult a US tax adviser.
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3. Total Cost of Ownership
Binance.US fee structure
Spot Maker Fee
0% (limit orders that add liquidity) — lowest in US
Spot Taker Fee
0.10% (market orders that remove liquidity)
Withdrawal (crypto)
Network fee only (gas fee)
Fiat Deposit/Withdrawal
Verify current status — historically disrupted during SEC proceedings. Check binance.us for current availability.
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4. Asset Catalogue
60+ US-available cryptocurrencies
Total US assets
60+ — major coins only, not the full Binance.com range
Futures/Derivatives
❌ Not available on Binance.US
Staking
Limited staking on select assets
🖥️
5. Platform
Familiar Binance interface for US market
Web Platform
✅ Spot trading — standard Binance-style interface
Mobile App
✅ iOS 4.0★ / Android 3.9★ — functional
Advanced Features
Limited vs. Binance.com — no futures, no NFT, no Launchpad
Customer Support
Email and chat — rated below Coinbase standard
Fees 4.4 / 5
Binance.US offers the lowest fees of any major US exchange. Verify current fiat deposit status before opening an account.
| Fee type | Binance.US | Market Average |
|---|
| Spot maker fee | 0% | 0%–0.50% |
| Spot taker fee | 0.10% | 0.10%–0.50% |
| Assets | 60+ | 60–350+ |
| Futures | ❌ | Available at Coinbase, Kraken |
| Fiat deposits | Verify current status | Usually available |
Safety & Regulation 3.2 / 5
| FinCEN registered | ✅ Money Services Business |
| SEC charges | Filed 2023, dropped 2025 |
| Crypto insurance | ❌ No government scheme |
| State licences | Most US states (not all) |
| Parent | BAM Trading Services Inc. |
| Available | US only (most states) |
Products & Asset Catalogue 3.0 / 5
| Major coins | ✅ 60+ |
| Futures/perps | ❌ |
| Staking | Limited |
| NFT | ❌ |
What investors say about Binance.US
Community voice — strengths & concerns
Most praised
- 0% maker fee praised as uniquely competitive in the US market
- Familiar Binance interface for existing Binance.com users
Common complaints
- SEC charges and operational disruptions in 2023 created significant trust damage
- Fiat deposit suspensions during proceedings frustrated users — "couldn't access my funds"
- 60 coins far fewer than Coinbase or Kraken
- Not available in all US states
Based on user reviews on Trustpilot, Reddit, App Store and Google Play ratings. Data collected Jan–Jun 2026.
Verdict
WhichBrokr's Take
Binance.US offers the lowest spot trading fees among major US crypto exchanges. For fee-conscious US investors who understand the 2023 regulatory history and are satisfied with the 2025 resolution, it is a competitive option for buying and holding major cryptocurrencies.
For most US crypto investors, Coinbase (strongest regulatory standing, SIPC-equivalent via Prime Trust), Kraken (strong global reputation, good US product), or Fidelity (for Bitcoin/Ethereum via traditional accounts) are more straightforward choices with less regulatory controversy. Binance.US is a value-for-fee option for experienced investors who accept the trade-off.
Best for: Fee-conscious US crypto buyers wanting the lowest spot fees, existing Binance users who need a US-compliant account. Not ideal for: Risk-averse investors, those needing futures or derivatives, or investors in states where Binance.US is not available.
Frequently Asked Questions
| Is Binance.US the same as Binance? | No — Binance.US (BAM Trading Services Inc.) is a legally separate entity from Binance.com. They share the brand name but Binance.com is not available to US residents. |
| What happened with the SEC charges? | The SEC filed charges against Binance.US and related parties in June 2023 for alleged securities violations. The charges were dropped in 2025. During the proceedings, Binance.US suspended US dollar deposits, causing significant disruption. |
| What are Binance.US's fees? | 0% maker fee on spot trades (limit orders). 0.10% taker fee (market orders). Network fees on crypto withdrawals. |
| Is Binance.US available in my state? | Binance.US is available in most US states but not all. Check binance.us for current state availability before registering. |
Ready to open a Binance.US account?
0% spot maker fee · 60+ coins · FinCEN registered · US residents only
Open Binance.US Account →
Crypto assets are highly volatile and not covered by SIPC or FDIC. Capital at risk. Not available in all US states.