Binance.us is a US-based trading platform for Binance users in the US. It is the American partner of the popular Binance exchange.
Binance is the world’s most popular and largest cryptocurrency exchange. It accrues the highest transaction volume per day among all exchanges.
Founded in 2017, Binance is a global exchange that is available in several countries. It offers a wide range of 360+ crypto assets and more than 1400 trading pairs.
Due to its high number of users, Binance boasts of the highest liquidity, making it the go-to place for a seamless trading experience.
Apart from trading cryptocurrencies, Binance offers several DeFi services, including staking, farming, lending, credit card services, NFT marketplace, and stores.
However, Binance stopped service for US users on regulatory grounds. Subsequently, the exchange partnered with BAM trading services to launch Binance.US in 2019.
Since its launch, Binance.US has been a perfect trading spot for US traders. It offers a low trading fee with an excellent user-friendly interface. Newbies can also learn extensively about cryptocurrencies with educational materials and training videos.
It is important to note that Binance.US is not available in some states, including Hawaii, Idaho, New York, Vermont, Louisiana, Connecticut, And Texas.
However, people outside these states in the US can enjoy Binance services, including advanced trading and analysis tools.
If you’re using Binance and you want to switch to Binance.US, here’s a step-by-step guide on how to do that successfully.
- Register for a new Binance.US account.
- Verify your account
- Transfer your assets from Binance to Binance.US
1. Register for a new Binance.US account
To start using Binance.US, navigate to www.binance.us/en/home. On the homepage, tap GET STARTED.
Register a new account with your email address. Choose a strong password.
After that, click CREATE ACCOUNT to proceed.
On the next page, verify your email address with the six-digit verification code sent to your email address.
You can add an additional layer of security to your account by completing the 2-Factor-Authentication setup. However, you can skip this and set it up later.
2. Verify your account
After creating a Binance.US account, you must complete KYC by verifying your details before using the exchange platform.
To complete your KYC process, follow onscreen instructions and submit a clear picture of your valid identity document.
After uploading your ID card, complete identity verification by snapping a selfie. Follow onscreen instructions for a quick approval.
To unlock full features, verify your address with a clear picture of a valid utility bill.
After completing your KYC, you can now access your dashboard.
3. Transfer your assets from Binance to Binance.US
Once you’ve successfully registered and verified your Binance.US account, you now start transferring your crypto assets from Binance to Binance.US.
Meanwhile, you can also deposit, withdraw and access the full features of Binance.US after the verification.
Here’s how to move your funds from Binance to Binance.US:
- Log in to your Binance account at Binance.com in your mobile app or web browser.
- Withdraw assets using your Binance.US deposit address.
- Repeat withdrawal for all your Binance asset
1. Log in to your Binance account at Binance.com in your mobile app or web browser
For web browsers, tap Wallet > Fiat or Spot to access your crypto assets. For mobile apps, switch to Binance Lite and tap the wallet icon in the bottom right corner of your app.
In your Spot wallet, click on Withdraw and choose the preferred asset.
On the next page, fill in the required fields, including Deposit Address, Network, and Amount.
2. Withdraw assets from old Binance using your Binance.US deposit address
To get your deposit address on Binance.US account, log in to your Binance.US account.
Go to Wallet > Spot Wallet and choose Deposit. This way, you’ll be transferring your assets from your old Binance account to the new Binance.US account.
Choose the cryptocurrency you want to deposit and copy its deposit address.
Go back to your old Binance account and paste the deposit address in the appropriate field. Fill in the network and input the maximum amount of the asset.
Finally, tap Withdraw and complete the verification process to approve the transaction.
3. Repeat withdrawal for all your Binance asset
Withdrawals on Binance typically take up to 30 minutes, depending on the asset and number of confirmations.
Once one transfer is complete, initiate the withdrawal process again for another asset until you transfer everything from your old Binance account to the new Binance.US account.
Trading in countries like the US requires traders to follow regulatory rules. Meanwhile, Binance is extending its services to US traders via Binance.US.
The interface and services of both Binance and Binance.US are the same. However, Binance.US offers few assets, and it is suitable for US traders.
Still, it offers more than 100 assets and 245 trading pairs. In addition, the trading fee is absolutely cheap. Fees range from 0 to 0.1%.
Meanwhile, US traders using Binance.US can enjoy an extra 25% discount on trading fees if they hold BNB coins.