Binance.US review: Crypto trading and staking rewards for US-based investors

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  • Binance.US lets you buy and sell 50+ crypto assets and earn staking rewards.
  • The exchange has a $10 minimum, and fees range from 0.1% to 5%, depending on your funding method.
  • It doesn’t support traders in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont.
  • Click here to set up an account with Binance.US.

Is Binance.US right for you?

You may like Binance.US if you…You may not like Binance.US if you…
  • Are looking for low trading fees and minimums
  • Value crypto trading pairs and regularly use them as part of your trading strategy
  • Want to earn staking rewards from different assets
  • Are an institution or high-net-worth individual looking for crypto exchange services and over-the-counter options
  • Want to trade futures or invest with a margin account
  • Are a resident of Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont
  • Want an extensive variety of tutorials and educational resources on crypto trading

Formed in 2019 by Binance and BAM Trading Services, Inc., Binance.US is an online cryptocurrency marketplace offering trading for individuals and institutions based in the US. The investment platform currently supports Bitcoin and more than 50 other cryptocurrencies.

Binance also offers crypto trading pairs (virtual assets that traders can exchange for each other), staking rewards, secure storage, over-the-counter (OTC) trading, and more.

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But the investment app also has a few limitations. You currently can’t use Binance.US if you’re a resident of Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont. In addition, unlike exchanges like Kraken, Binance.US doesn’t offer margin accounts or futures trading. Keep reading to see if Binance.US is right for you.

Bottom line: Binance.US is best for individuals and institutions primarily looking to invest in cryptocurrencies. The exchange is also a strong option for traders who want to profit from crypto trading pairs and over-the-counter trading.

Editor’s rating3.98 out of 5
Fees0.1% spot trading fee; 0.5% instant buy/sell fee (4.5% fee for deposits with US debit card)
Account minimum$10
PromotionNone at this time.
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How does Binance.US compare?


Min. Investment


Min. Investment

$0 ($2,000 for margin trading)

Min. Investment

Depends on type of cryptocurrency


0.1% spot trading fee; 0.5% instant buy/sell fee (4.5% fee for deposits with US debit card)


0% ($0 for options contracts)


0% – 0.26%

Investment choices


Investment choices

Stocks, ETFs, options, ADRs, and cryptocurrencies

Investment choices

Cryptocurrencies (including fiat assets), tokens, futures

Open an accountOpen accountOpen an account

Ways to invest with Binance.US

Binance.US offers a range of investment options for retail and institutional crypto traders. Among these are recurring buys (an automated feature that lets you invest on a set schedule), Stablecoins (virtual assets that are backed by US dollars), crypto trading pairs, OTC trading, and staking rewards.

Fees and rewards

Binance’s staking features allow you to earn rewards for holding crypto assets for a set period of time. For instance, if you were to hold a minimum of 20 QTUM, you’d earn an annual reward ranging from 1-2%.

When it comes to management fees, you can place a regular trade and incur a 0.1% spot fee, or you can have your order executed immediately by paying 0.5% for an instant buy/sell transaction.

The method you choose for funding your account also affects how much you’ll pay for securities. While ACH transfers and wires have a $0 deposit fee, you’d have to pay an extra 4.5% if you used a debit card.

Cryptocurrency trading pairs

Binance.US also prides itself on its offering of cryptocurrency trading pairs. Trading pairs are two crypto assets that can be exchanged for one another. In other words, you can use these pairs to compare each asset’s value and determine if makes sense to trade one for the other.

For instance, both the Ethereum/Bitcoin and Litecoin/Bitcoin trading pairs are available on Binance.US (see a complete list of eligible trading pairs here).

Institutional clients

The crypto exchange offers a variety of services for institutions. These offerings — which mainly apply to market makers, proprietary traders, algorithmic traders, hedge funds, family offices, and high-net-worth clients — include an OTC trading portal, institutional monthly staking rewards, and 24/7 customer support.

Institutional clients can also utilize a Websocket feed that provides real-time market data, and the exchange’s trading API lets you take advantage of programmatic trading bots, according to Binance.US. 

Binance.US also says it offers storage for crypto and USD assets. In fact, the exchange has received a 9.74 rating in cybersecurity from the CER crypto exchanges ranking platform.

The Binance.US mobile app is available for iOS and Android devices. 

Is Binance.US trustworthy?

The Better Business Bureau has given Binance an NR (“No rating”) status since it’s currently responding to previously closed customer complaints. BBB grade ratings usually range from A+ to F, and the bureau says it also considers a number of other factors when evaluating companies.

These include time in business, type of business, complaint history with BBB, licensing and government actions, advertising issues, and business practices. But be sure to conduct your own research as well, since the BBB says its ratings don’t guarantee a company’s reliability or performance. 

Binance.US has closed 106 complaints in the last 12 months, according to BBB data. 

What is Binance.US?

Binance.US is an online exchange and marketplace offering more than 50 cryptocurrencies to individuals and institutions. It’s important to point out, though, that Binance and Binance US are different entities.

In the past, Binance served both across the globe and in the US, but it eventually cut off US traders due to regulatory reasons. To cater specifically to US investors, Binance partnered with BAM Trading Services, Inc. to launch Binance.US in 2019.

Binance is also currently a member of the Blockchain Association, Chamber of Digital Commerce, Proof of Stake Alliance, and DeFi Alliance. 

Catherine Colely is the exchange’s CEO. 

Rickie Houston is a wealth-building reporter at Personal Finance Insider who covers investing, brokerage, and wealth-building products.

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