Binance vs. Binance.US: What is the difference?

Utilizing an exchange is among the simplest ways to purchase, trade, and keep bitcoins. If you choose an exchange that allows you to purchase cryptocurrency using a fiat currency, such as the U.S. dollar, you may do it swiftly and easily.

By trading volume, Binance is the largest cryptocurrency exchange on the entire globe. However, Binance is not accessible in the US. Instead, U.S.-based cryptocurrency investors who want to use Binance must go to Binance.US, Binance's sister firm.

Binance

Although Binance is based in the Cayman Islands, its previous headquarters were in Malta. However, CEO Changpeng Zha created the exchange in China initially. As with virtual currencies, Zhao thinks the exchange should be completely decentralized.

The exchange offers BNB coin (BNB), previously known as Binance coin, a native cryptocurrency. A full ecosystem of cryptocurrency-related goods and services is supported by Binance using both its own currency and its own blockchain, the BNB Chain.

In addition to conventional transactions, Binance provides a range of cryptocurrency-related items. The exchange supports crypto futures, which let users buy and sell cryptocurrencies at a fixed price at a future date. Additionally, it permits users to trade with borrowed funds through margin trading. A non-fungible token (NFT) marketplace, as well as cryptocurrency loans, are also accessible through Binance.

BNB coin uses rewards through a debit card that was made possible due to Binance's partnership with Visa. Whether you're a maker or a taker, your charge decreases the more trades you complete in a 30-day period. On Binance, the highest fee for spot trading is 0.10%, and it rapidly decreases for higher tiers. If you pay your trading charge with BNB currency, you can further lower your fees by 25%.

Binance.US

In response to rising governmental restrictions that ultimately resulted in the parent firm being prohibited, Binance established Binance.US as a separate cryptocurrency exchange. It caters to the American market which is registered with the Financial Crimes Enforcement Network and subject to American legislation (FinCEN).

Comparatively speaking, Binance.US offers fewer products than Binance. Still accessible are the majority of the well-known cryptocurrencies on Binance.US including the Binance cryptocurrency (BNB coin).

Besides purchasing and trading cryptocurrencies, Binance.US provides stakes for a few coins, which is a method of backing their blockchains in return for rewards. Though, the availability of the wide range of goods and services offered on Binance, including a BNB coin debit card or an NFT marketplace, is not provided by Binance.US. For beginners, Binance.US offers a simple trading interface, while comprehensive charting and analytic tools are offered for experienced investors.

Like Binance, Binance.US conducts trading using a tiered maker/taker model. On Binance.US, the costs start at the same 0.10% percentage at the basic price but are progressively lower as you move up the tiers.

On Binance.US, you need $50,000 in trading volume over a 30-day period to leave the base tier; on Binance, you need $1 million. The same goes, when utilizing the BNB coin to pay fees, you could get the same 25% discount.

In conclusion, regular traders can profit from these exchanges because Binance.US and Binance are both renowned for their low costs. However, if youre interested in a Binance-branded exchange and are headquartered in the United States, Binance.US is certainly to be your pick.

As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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