Binance's US platform — lower fees than Coinbase but limited product range
WhichBrokr Category Ratings
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 case was dismissed with prejudice in May 2025, allowing the platform to resume full operations. ACH banking was fully restored on February 19, 2025.
Despite the regulatory history, Binance.US offers the lowest fees among major US exchanges: 0% maker, 0.02% taker on general pairs (0.01% on designated Tier 0 pairs) on spot trades. The platform supports 200+ cryptocurrencies and 250+ trading pairs, with 25+ PoS assets available for staking — the largest staking selection among US exchanges. For US investors who prioritise cost and are willing to accept the regulatory history, it remains a competitive option.
A structured assessment across 5 pillars — regulation, tax/legal, costs, features and platform accessibility. Updated July 2026.
Binance.US offers the lowest fees of any major US exchange — 0% maker and 0.02% taker on general pairs (0.01% on Tier 0 promotional pairs). ACH deposits and withdrawals at $0.
| Fee type | Binance.US | Market Average |
|---|---|---|
| Spot maker fee | 0% | 0%–0.50% |
| Spot taker fee (general) | 0.02% | 0.10%–0.50% |
| Spot taker fee (Tier 0) | 0.01% | — |
| Assets | 200+ | 60–350+ |
| Futures | ❌ | Available at Coinbase, Kraken |
| Fiat deposits (ACH) | ✅ $0 (restored Feb 19, 2025) | Usually available |
| FinCEN registered | ✅ Money Services Business |
| State licences | 32 MTLs / ~46 US jurisdictions |
| Blocked states | HI, NY, TX, VT (blocked); WI (crypto-only, no fiat) |
| SEC case | Dismissed with prejudice May 2025 |
| Custody | 1:1 cold storage (assets not rehypothecated) |
| SOC 2 Type II | ✅ Certified January 2026 |
| ISO 27001:2022 | ✅ Certified |
| ISO 27701:2019 | ✅ Certified (privacy information management) |
| Crypto insurance | ❌ No government scheme (SIPC/FDIC do not cover crypto) |
| Parent | BAM Trading Services Inc. |
| Web platform | ✅ Spot trading |
| Mobile app | ✅ iOS 4.0★ / Android 3.9★ |
| Futures | ❌ |
| Customer support | Email/chat — below Coinbase |
| Coins / Pairs | ✅ 200+ cryptocurrencies / 250+ pairs |
| Futures/perps | ❌ Not available on Binance.US |
| Staking | ✅ US #1 variety — 25+ PoS assets |
| NFT | ❌ |
0% maker / 0.02% taker on general pairs — far below Coinbase, Kraken and all major US rivals
25+ PoS assets — the broadest staking selection of any US crypto exchange
Existing Binance.com users adapt instantly; pro-grade charting for spot traders
Free ACH deposits/withdrawals back since February 19, 2025 — after SEC-era disruption
Case dismissed with prejudice May 2025, but the 2023 disruptions left deep trust concerns for many users
200+ coins vs Binance.com's 350+ — noticeable gap for altcoin-focused investors
Blocked in HI, NY, TX, VT; Wisconsin crypto-only — frustrating for affected residents
US retail users cannot access perpetuals or options — Coinbase and Kraken both offer US-legal futures
ⓘ Percentages reflect share of mentions across 14,000+ Trustpilot reviews and Reddit r/CryptoCurrency threads analysed in Aug 2026. User-reported sentiment, separate from our editorial findings.
Binance.US scores 4.1/5 — a significant upgrade from its earlier rating, reflecting the SEC case dismissal with prejudice (May 2025), ACH banking fully restored (Feb 19, 2025), SOC 2 Type II certification, expanded asset catalogue (200+/250+ pairs), and US-leading staking variety (25+ PoS assets). The platform offers the lowest spot fees of any major US exchange: 0% maker / 0.02% taker on general pairs / 0.01% on Tier 0 pairs.
For most US crypto investors, Coinbase (strongest regulatory standing) or Kraken (strong global reputation) are more straightforward choices with less regulatory history. Binance.US is the top pick for experienced, fee-conscious investors who want the best spot rates and broadest staking access in the US.
Best for: Fee-conscious US crypto buyers, active spot traders, staking-focused investors. Not ideal for: Residents of HI, NY, TX, VT; those needing futures/derivatives; investors prioritising the cleanest regulatory history.
| 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 case was dismissed with prejudice in May 2025. During the proceedings, Binance.US suspended US dollar deposits. ACH banking was fully restored on February 19, 2025. |
| What are Binance.US's fees? | 0% maker fee on all spot trades. 0.02% taker fee on general pairs. 0.01% taker fee on designated Tier 0 promotional pairs (no volume minimum). ACH deposits/withdrawals at $0. Network fees on crypto withdrawals. |
| Is Binance.US available in my state? | Binance.US holds 32 Money Transmitter Licences covering ~46 US jurisdictions. Not available in HI, NY, TX, VT. Wisconsin residents can trade crypto but not fiat. Check binance.us for current state availability. |