Is Binance legal in US? How to use Binance in US

Is Binance legal in US? How to use Binance in US

Robert McDougall 

September 28, 2022

Cryptocurrency

Binance is one of the best cryptocurrency exchanges in the world, offering a huge range of 600+ coins, low trading fees, and plenty of additional features, such as P2P marketplace, NFTs, and staking. Unfortunately, Binance is not available in the USA, which is a shame for US residents. You may have heard of Binance.US which is the sister site, but it is limited in what it offers compared to Binance.

If you are searching for a comprehensive trading platform like Binance that is available in the USA, we suggest MEXC (read review). MEXC offers a massive range of 1,520+ coins, has deeper liquidity than Binance, and offers plenty of trading options. If you create an account using this unique link, you will receive FREE $25 USDT plus 10% off all your trading fees!

Can you use Binance in the US?

As of 2019, Binance was banned in the US on regulatory grounds, so you will not be able to use it there. You may wonder if you can use a VPN to get around this block, but this is no longer possible. Binance now requires KYC verification before you can use their exchange, which means you will need to provide identity documents. If you live in the US you won't be able to sign up once they see your documentation. You can use Binance.US instead, which is the sister site to Binance, but it has limited functionality in order to meet US regulations.

How to use Binance in the US?

The only way to use Binance in the USA is by using the sister site: Binance.US. It is restricted in the features it offers, in order to comply with the strict regulations in the US. If you prefer an unrestricted trading experience, you can use our #1 alternative - MEXC. To learn more, read our full review on MEXC here

Why can't I use Binance in the US?

The US is very tight with its cryptocurrency regulations, in order to protect their citizens. Crypto exchanges need to follow KYC (Know Your Customer) verifications, so you cannot trade crypto without ID. The government also bans particular crypto trading markets, for example derivatives. Binance cannot meet all of the USA's requirements, so it has developed a sister site Binance.US to cater for the residents there.

Alternatives to Binance in the US

If you want to use a crypto exchange that is similar to Binance, the best choice would be MEXC. It is a large global trading platform that offers more than 1,520+ coins, low spot trading fees of 0.2% and futures trading fees of 0.02/0.06% (maker/taker). MEXC offers numerous tools for advanced traders, including margin trading, copy trading, and staking. When you join MEXC with this link, you receive $25 FREE USDT and 10% discount on all your trading fees!

You can also have a read of our article on the best crypto exchanges in the US, or see the table below for a quick comparison of the top sites, with some key information.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
MEXC Global
Pionex
Coinmama
Uphold
Crypto Exchange
Crypto Exchange
eToro
MEXC Global
Pionex
Coinmama
Uphold
Fiat Currencies
Fiat Currencies
USD
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, GBP, EUR, CHF, AUD, JPY & 21 more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.2% for spot, 0.02%/0.06% for futures
0.05%
2.93% - 3.90% (depending on loyalty level)
Fees included in the spread

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

To view our privacy policy read it here.


Tags


You may also like

Luno Promo Code

Luno Promo Code

Binance Referral Code Australia

Binance Referral Code Australia
>