How to compare Binance.US with other crypto exchanges
Compare Binance.US with other exchanges on access, coins, features, security, and regulation. Check state availability and identity rules first.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20262 min readFact-checked
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You can do most of this research before you open an account.
What to know before you compare
Binance.US is a US exchange separate from the global Binance platform, which generally does not serve US residents. Compare rivals on access, coins, features, security, and regulation.
How to compare exchanges step by step
Work through the same checks for each exchange. Rules, coins, and features change, so repeat this comparison.
- 1Check state availabilityConfirm the exchange serves your state. Availability can change.
- 2Compare identity verificationReview what documents each exchange requires. US exchanges usually require verification.
- 3Check regulatory statusLook for FinCEN registration and state licenses. The SEC sued Binance and Binance.US in June 2023.
- 4Compare coins and networksList the coins and networks you need. Some brokerages do not allow crypto withdrawals.
- 5Confirm deposits and withdrawalsCheck deposit methods and whether it allows crypto withdrawals. Sending a coin on the wrong network can lose it.
- 6Review orders and the appSee which order types it offers and whether the app fits your skill level.
After comparing: records and account safety
Security and record keeping are part of the comparison. The IRS treats crypto as property, so trading one crypto for another or paying with crypto is taxable.
- Turn on two-factor authentication.
- Keep each trade's date, amount, value, and fees.
- Download statements and store them in a backup.
Frequently asked questions
Usually no. The global Binance platform does not serve US residents and directs them to Binance.US.
No. Bank deposits carry federal deposit insurance, but crypto on an exchange does not.
Keep each trade's date, amount, value, and fees. Save transfer records between wallets and exchanges.
You may be unable to move your crypto. Account holders usually wait for a bankruptcy process.
