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

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

Robert McDougall 

January 9, 2024

Cryptocurrency

Key Takeaways

  • Binance is a popular cryptocurrency exchange with over 600 coins and additional features but it is not available in the US.
  • Binance US is a sister site but with limited functionality due to US regulations.
  • MEXC is an alternative to Binance with over 2,300 coins, deeper liquidity, and lower trading fees, and it is available in the US.
  • MEXC offers advanced trading options like margin trading and staking, and if you sign up with a unique link, you receive $30 USDT plus a 10% discount on all trading fees.

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 2,300+ 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 $30 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 2,300+ coins, low spot trading fees of 0.0/0.1% and futures trading fees of 0.0/0.01% (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 $30 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

MEXC
eToro
Uphold
Coinmama
Crypto.com
Crypto Exchange
Crypto Exchange
MEXC
eToro
Uphold
Coinmama
Crypto.com
Fiat Currencies
Fiat Currencies
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, EUR, AUD, CAD, GBP, JPY
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
Cryptocurrencies
Cryptocurrencies
MEXC, BTC, ETH, EOS, BCH, LTC & 2,300+ more
BTC, ETH, BCH, DASH, LTC, ETC & 110 more
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 250+ more
Deposit Methods
Deposit Methods
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
PayPal, Debit card, Wire transfer
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
0% for spot, 0.0%/0.01% for futures
1%
Fees included in the spread
2.93% - 3.90% (depending on loyalty level)
Included in spread

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves 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. 

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