9/15/2023 0 Comments Binance us coins![]() ![]() Catherine Coley stepped down in April 2021, with Brian Brooks taking over as the CEO. In a short span, Binance.US experienced several changes regarding its executive team. Catherine Coley was named the CEO at the time of launch. Unlike the main branch, which is registered in the Cayman Islands, Binance.US is headquartered in San Francisco, CA. The Binance.US crypto exchange was launched in 2019 after Binance was banned in the US due to regulations. The Binance.US crypto price on crypto-crypto transactions is asset-specific. A 3.75% charge applies to debit card and Apple Pay transactions. There are no deposit fees when using ACH or domestic wire. The minimum withdrawal amount is adjusted based on the payment method. Fees are disclosed at the time of withdrawal and may vary based on the payment method. Additionally, it's possible to use cryptocurrencies to pay for asset withdrawals. The Binance.US cryptocurrency exchange accepts various payment methods, including debit cards, domestic wires, and Apple Pay. For instance, in VIP 1, Tier I maker and takers fees are reduced to 0.0750% and 0.1500%, respectively, while in Tier II, the fees are down to 0.3000% and 0.4500%, respectively. Similarly, in VIP 8 and VIP 9, where the Binance.US trade volume is over $300 million, Tier II market makers are no longer required to pay fees.īNB token holders receive an additional 25% discount on the Binance.US crypto exchange. Starting at VIP 6, with a Binance.US volume between $20 million and $100 million, fees no longer apply to Tier I market makers. The Binance.US crypto price in VIP 1 Tier II is reduced by 0.4000% for makers and 0.6000% for takers. In Tier I, makers and takers receive a 0.100% and 0.2000% discount, respectively. VIP 1 level is determined by a 30-day Binance.US volume below $10,000. All Binance.US crypto prices are listed in USD for traders' convenience. Tier I and II pairs use BTC, USD, and USDT as the quote currencies. As of 2022, there are no Binance.US exchange fees on Bitcoin trading. There are nine VIP levels determined by the 30-day Binance.US trade volume and three tiers of trading pairs – Tier 0, Tier I, and Tier II.īinance.US trading pairs that use BTC as the base currency all fall under the Tier 0 category. The structure of Binance.US crypto fees is two-fold. The minimum required Binance.US crypto price for trading is $10. The transaction fee rate may vary based on trading pairs and market conditions when setting the order. Fees on Binance.US are calculated based on the order details when placing it. The Binance.US spot market is known as Advanced Trading. ![]() The fees are calculated based on the tier structure and use the maker-taker model. The US-based platform uses the BNB token that can grant users additional discounts on the Binance.US crypto price they pay for the services. Users must be fully compliant with KYC regulations and provide ID verification. ![]() The primary services offered by the platform are Binance.US spot trading and direct cryptocurrency purchases. MarketsĪlthough the interface of the Binance.US crypto exchange is similar to the international version, it offers fewer functionalities. As of 2022, the service is available in 45 states, with licensing for the remaining states under negotiation. Although the platform was built specifically for the US crypto market, its availability is limited in some states. USD is the only fiat currency supported by the Binance.US cryptocurrency exchange. In 2022, Binance.US exceeded 70 available assets. The number of available Binance.US trading pairs is more limited compared to other centralized exchanges to comply with SEC regulations regarding some assets that are considered illegal. The platform is operated by BAM Trading Services. It offers spot and over-the-counter (OTC) trading, as well as staking. It was founded specifically to provide cryptocurrency exchange services in the US after the ban on the global iteration of Binance. Binance.US is a US-based centralized cryptocurrency exchange (CEX). ![]()
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