Binance Full Exchange Review

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#1 Exchange of 2021: Binance.US

Rating: 85.5 / 100

We have rated Binance US as being our top cryptocurrency trading platform.

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Overall Rating: 85.5 / 100
Trust: 9.5/10
Trading: 7.5/10
Derivatives: 0/10
# of Coins: 6.5/10
Fees: 10/10
Customer Service: 10/10
Funding Options: 8/10
Recurring Buys: 10/10

OPEN BINANCE ACCOUNT
Why is Binance.US the Best Crypto Exchange for 2021?

There are many reasons we chose this as our #1 exchange, but the items that stand out are the trust of the platform, the low fees, and the number of coins/cryptocurrencies on the platform. You can find just about any coin you want to invest in. And for us, we are huge fans of dollar-cost averaging, which Binance allows you to set up automatic deposits, which takes the guessing out how to time the market.

We will spend some time here going deeper into Binance.US:

Overview:

  • Let's talk about the CEO for a minute - just because this shows how far the industry has come. Brian Brooks is a smart, well connected, and experienced former Coinbase executive who just finished a stint as the *checks notes* acting head of Office of the Comptroller of the Currency under the Trump Administration. What?! Bitcoiners are truly everywhere, and we expect Brian and his team to do big things in the coming years.
  • Binance.US is powered by matching engine and wallet technologies licensed from the world’s largest cryptocurrency exchange, Binance. Binance.US has to be its own entity due to increased regulation in the United States. It is owned and operated by BAM Trading Services out of San Francisco, CA.
  • Binance.US launched in September 2019. The original Binance platform was created in 2017, and is one of the most trusted brands in the cryptocurrency exchange industry.

CEO:

Brian Brooks

Strengths:

  • Binance.US is a relatively new crypto exchange, but brings lots of experienced developers, patents, and funding from its big brother, Binance. We expect lots of improvements in the coming months/years, but the current product is still very good.
  • Because of this relationship, Binance.US utilizes many of the security measures and protocols developed by Binance - as seen in our 9.5/10 Trust score.
  • Binance.US has the lowest Bid/Ask Spread and very low fees making it popular amongst traders.
  • One of our favorite features is the recurring buy option. This means you can choose to automatically purchase your favorite cryptocurrency on any schedule you want! This buying strategy is called Dollar Cost Averaging, and is, historically, one of the most effective ways to limit risk and still be exposed to significant long-term upside.

Weaknesses:

  • Binance.US does not offer Margin or Leverage trading. If you are a trader who wants to trade on margin with leverage look elsewhere (we recommend CEX.io).  This will impact very experienced traders, but the trading platform is still good. We expect margin and leverage trading to be added at some point.
  • This platform is still somewhat new and may have some ups and downs customary to new platforms.

# of Coins:

52

Current Promotions:

No notable promotions to report.

Fees:

  • Deposit: No deposit fee or withdrawal fee (if using ACH). Low withdrawal fees if using other methods.
  • Trading Fees: General: 0.1% spot trading fee; 0.5% Instant Buy/Sell fee.
  • If you hold BNB in your account, your trading fees will be automatically deducted from your BNB balance. You get a 25% discount from your trading fee if you use BNB to pay for trading fees.

Withdrawal Fees:

Fiat Currency
CoinMinimum Withdrawal ($)MethodDeposit Fee ($)Withdrawal Fee ($)
USDUS Dollar1ACH00
USDUS Dollar100WIRE015 domestic
35 international
USDUS DollarN/ADEBIT CARD4.50%N/A
Crypto
SymbolCoin NameMinimum WithdrawalWithdrawal Fee
MATICMatic Network442221
MANADecentraland5025
REPV1Augur0.40.2
BCHABitcoin Cash ABC0.0050.001
BTCBitcoin0.0010.0005
NEONEO00
ETHEthereum0.020.013
LTCLitecoin0.0020.001
ADACardano31
XLMStellar Lumens20.01
USDTTetherUS9.624.81
BATBasic Attention Token3618
BNBBNB0.010.001
ETCEthereum Classic0.020.01
ZRX0x2010
LINKChainLink0.620.31
OMGOmiseGO2.261.13
IOTAMIOTA10.5
BUSDBUSD9.644.82
DASHDash0.0040.002
XRPXRP20.25
WAVESWaves0.0040.002
ZECZcash0.010.005
QTUMQTUM0.020.01
NANONANO0.020.01
EOSEOS0.20.1
ICXICON0.080.04
ENJEnjin Coin5829
BCHBitcoin Cash0.0020.001
REPAugur v20.560.28
RVNRavencoin21
ALGOAlgorand10.01
DOGEDogecoin10050
ATOMCosmos0.010.005
VETVeChain200100
ONTOntology21
ZILZilliqa0.020.01
USDCUSD Coin9.644.82
XTZTezos10.5
HBARHedera Hashgraph21
ONEHarmony0.010.001
VTHOVeThor Token400200
KNCKyberNetwork8.344.17
COMPCompound0.0760.038
HNTHelium10.05
MKRMaker0.0160.008
DAIDAI9.64.8
BANDBand Protocol0.010.001
STORJStorj2412
SOLSolana0.020.01
UNIUniswap2.381.19
EGLDElrond0.010.001
PAXGPAX Gold0.00540.0027
OXTOrchid2814

Trading Fee Schedule:

Level30d Trade Volume (USD)&BNB BalanceMaker / TakerMaker/TakerBNB 25% off
VIP 0< 50,000.00 USDor≥ 0 BNB0.1000% / 0.1000%0.0750% / 0.0750%
VIP 1≥ 50,000.00 USD&≥ 50 BNB0.0900% / 0.0900%0.0675% / 0.0675%
VIP 2≥ 100,000.00 USD&≥ 100 BNB0.0800% / 0.0900%0.0600% / 0.0675%
VIP 3≥ 500,000.00 USD&≥ 200 BNB0.0700% / 0.0800%0.0525% / 0.0600%
VIP 4≥ 1,000,000.00 USD&≥ 400 BNB0.0500% / 0.0700%0.0375% / 0.0525%
VIP 5≥ 5,000,000.00 USD&≥ 800 BNB0.0400% / 0.0600%0.0300% / 0.0450%
VIP 6≥ 10,000,000.00 USD&≥ 1500 BNB0.0000% / 0.0600%0.0000% / 0.0450%
VIP 7≥ 25,000,000.00 USD&≥ 2500 BNB0.0000% / 0.0500%0.0000% / 0.0375%
VIP 8≥ 100,000,000.00 USD&≥ 4000 BNB0.0000% / 0.0400%0.0000% / 0.0300%
VIP 9≥ 250,000,000.00 USD&≥ 6000 BNB0.0000% / 0.0300%0.0000% / 0.0225%
VIP 10≥ 500,000,000.00 USD&≥ 6000 BNB0.0000% / 0.0200%0.0000% / 0.0150%

Trading Features:

GREAT trading platform with Basic, Advanced, and OTC options combined with a lot of cool features, views, and open API ability to build your own trading algorithms, but lacks margin trading with leverage. That hurts, but we expect them to add both at some point. The CEO even mentioned it in his embedded interview above.

HODLing Features:

HODLers (Hold On for Dear Life) don’t trade, sell dips, or worry about Bitcoin price in the short term. HODLers are in it for the long term and have multi-year price goals. The most important features for HODLers are: Security and Auto-Buys.

Security - Binance.US has 2nd highest Trust score and the highest Cybersecurity score. If you plan on holding crypto for a long time you need to be sure the exchange you trust with your holdings is incredibly secure.

We are big fans of auto/recurring buys (Dollar Cost Averaging) and encourage you to utilize this strategy if you don’t want to make a large, one-time purchase, and then move your crypto into a hardware wallet. We recommend Binance.US if you want to set up automatic recurring purchases.

DCA:

Analysis and Educational Tools:

inance.US has a robust section for educating users looking to understand traditional trading strategies, those wading into cryptocurrencies, and a great FAQ area.

We REALLY like that Binance.US ‘Project Reports’ (in their Blog section) that goes through each cryptocurrency on their site. This is an accessible, organized, and thorough way to study up on all the different cryptocurrencies.

Mobile App:

Very simple and intuitive. We really enjoy the look and feel of this app. Some of the more advanced trading features are either not available on the app, or are more difficult to navigate than the desktop version.

Tradable Pairs:

#CoinPair
1XRPXRP/USD
2BitcoinBTC/USD
3TetherUSDT/USD
4XRPXRP/USDT
5EthereumETH/USD
6StellarXLM/USD
7BitcoinBTC/USDT
8CardanoADA/USD
9ChainlinkLINK/USD
10XRPXRP/BTC
11StellarXLM/USDT
12VeChainVET/USD
13EthereumETH/USDT
14EthereumETH/BTC
15CardanoADA/USDT
16Bitcoin CashBCH/USDT
17AlgorandALGO/USD
18UniswapUNI/USD
19OMG NetworkOMG/USD
20CardanoADA/BTC
21Binance CoinBNB/USD
22EOSEOS/USD
23Bitcoin CashBCH/USD
24LitecoinLTC/USDT
25XRPXRP/BUSD
26VeChainVET/USDT
27BitcoinBTC/BUSD
28ZcashZEC/USD
29Binance USDBUSD/USD
30Binance CoinBNB/USDT
31LitecoinLTC/USD
32ZilliqaZIL/USD
33Bitcoin CashBCH/BTC
34UniswapUNI/USDT
35ChainlinkLINK/BTC
36Band ProtocolBAND/USD
37TezosXTZ/USD
38DashDASH/USD
39Binance CoinBNB/BTC
40Orchid ProtocolOXT/USD
41NEONEO/USDT
42CompoundCOMP/USD
43NEONEO/USD
44USD CoinUSDC/USD
45CosmosATOM/USD
46VeChainVET/BTC
47NanoNANO/USD
48Basic Attention TokenBAT/USDT
49IOTAIOTA/USD
50TezosXTZ/BTC
51LitecoinLTC/BTC
52OMG NetworkOMG/BUSD
53EthereumETH/BUSD
54Basic Attention TokenBAT/USD
55Binance CoinBNB/BUSD
56EOSEOS/BUSD
57AlgorandALGO/BUSD
58Binance USDBUSD/USDT
59ICONICX/USD
60Hedera HashgraphHBAR/USD
610xZRX/USD
62HarmonyONE/USD
63Band ProtocolBAND/USDT
64Matic NetworkMATIC/USD
65WavesWAVES/USD
66Ethereum ClassicETC/USD
67ZilliqaZIL/BUSD
68HeliumHNT/USD
69UniswapUNI/BTC
70CosmosATOM/USDT
71Enjin CoinENJ/USD
72Kyber NetworkKNC/USD
730xZRX/USDT
74DogecoinDOGE/USD
75AugurREP/USD
76CompoundCOMP/USDT
77QtumQTUM/USD
78RavencoinRVN/USD
79ElrondEGLD/USD
80MakerMKR/USD
81HarmonyONE/USDT
82Ethereum ClassicETC/USDT
83MakerMKR/USDT
84HeliumHNT/USDT
85ElrondEGLD/USDT
86PAX GoldPAXG/USD
87OntologyONT/USDT
88Orchid ProtocolOXT/USDT
89SolanaSOL/USD
90DogecoinDOGE/USDT
91TezosXTZ/BUSD
92VeThor TokenVTHO/USD
93DecentralandMANA/USD
94QtumQTUM/USDT
95VeThor TokenVTHO/USDT
96Kyber NetworkKNC/USDT
97DaiDAI/USD
98OntologyONT/USD
99StorjSTORJ/USD
100PAX GoldPAXG/USDT
101StorjSTORJ/USDT
102SolanaSOL/USDT
103AugurREP/BUSD
104Matic NetworkMATIC/BUSD
105Hedera HashgraphHBAR/BUSD