Binance and Binance.US are two different cryptocurrency exchanges. Binance is the global version, and Binance.US is only available to US residents and was created to be a US-regulated version of Binance. Here, we will compare Binance vs. Binance. US to show what's the difference between Binance and Binance.US.
Why does Binance have a US version?
Binance.US is an American partner of Binance. The original platform stopped accepting US users in 2019, and announced it would instead partner with a US-based version of its platform called Binance.US. Binance.US was started under a partnership with the Financial Crimes Enforcement Network (FinCEN)-registered BAM Trading Services as part of its move into the US market.
What's the difference between Binance and Binance.US. ?
Binance.US is available in 41 states.
Binance.US is available in 41 US states—41 more states than Binance.
Binance.US offers far fewer cryptocurrencies than Binance.
Binance.US offers 52 cryptocurrencies, lesser offering compared to Binance, which offers 259. The reason is that US regulators are far more concerned about the coins exchange list than some other countries and far more likely to sue at the behest of the US Securities and Exchange Commission.
The fees on Binance US are higher
One of Binance's key selling points is its cheap fees. Binance. US's fees are higher for high-rollers.
Traders on Binance.US must pay 0.1% for maker and taker fees, minus any discount provided for those who pay their fees in BNB, Binance's own cryptocurrencies. This rule applies to traders with a monthly volume of less than $50,000. However, those who trade fewer than 50 Bitcoin, which are now valued $829,825, are eligible for these fees on Binance. Withdrawal fees are comparable.
Binance.US is much smaller than Binance
Finally, compared to other exchanges, Binance.US is much smaller. With a daily volume of $8.2 billion, the crypto analytics website CoinGecko rates Binance as the biggest cryptocurrency exchange. By comparison, Binance.US has a daily volume of $89 million, as of this writing, making Binance.US the smaller fish by over 90x.
