BNB, TetherUS, Bitcoin, VeThor Token, Ethereum, Storj, Harmony, Cardano, VeChain, EOS, Dogecoin, Stellar Lumens, Helium, Litecoin, Zilliqa, Matic Network, Elrond, Enjin Coin, Decentraland, Hedera Hashgraph, BUSD, Chainlink, USD Coin, Tezos, OMG Network, Solana, ICON, Algorand, QTUM, Basic Attention Token, Bitcoin Cash, Uniswap, Orchid, Ravencoin, Band Protocol, Zcash, Horizen, Dash, NEO, 0x, Ontology, Cosmos, Compound, Maker, MIOTA, Ethereum Classic, KyberNetwork, Waves, NANO, Augur v2, DAI, PAX Gold.These fees are some of the lowest in the cryptocurrency space, making Binance a competitive choice for crypto traders and investors. How Does Binance Work?īinance is a cryptocurrency exchange that makes its money by collecting fees from users when they execute trades on the platform. Fiat currencies held on Binance are insured by the FDIC for up to $250k (through custodial accounts), though cryptocurrencies are not. It should be reassuring for potential traders to know that Binance says it paid affected users back in full. However, the global site was hacked in 2019 for the sum of 7,000 BTC, roughly equivalent to $40 million. While they offer low fees and many useful features, their interface is more complicated than more user-friendly competitors, and beginners may find it overwhelming.īinance.US has so far had no issues with security. They offer a U.S.-specific app and desktop site.īinance is geared toward intermediate and advanced investors. This is significantly less than the 350+ available on the international platform but more than many competing U.S. īinance.US is currently available in 46 states and offers over 130 cryptocurrencies. Like Binance, Binance.US is also one of the top 10 exchanges listed on CoinMarketCap, which ranks and scores exchanges. It was founded in 2019 and is managed by BAM Trading Services in San Francisco, California. As of February 2020, the Malta Financial Services Authority (MFSA) was 'assessing if Binance has any activities in Malta which may not fall within the realm of regulatory oversight.'īinance.US is the United States offshoot of Binance. Since moving to Malta, their status appears somewhat uncertain.

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