Binance.US Review: Low Fees, But Investors Should Take a Pass (2022)

Binance.US Review: Low Fees, But Investors Should Take a Pass (1)

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Before You Start

No matter where you buy it, cryptocurrency is a highly volatile, speculative investment. Only invest in crypto what you’re prepared to lose, and make sure you have other financial priorities in place first: save money in an emergency fund, contribute to retirement savings, and pay off any high-interest debt balances.

(Video) Binance US Tutorial: Walkthrough and Pro Tips

Binance.US can grab investors’ attention with lower fees than many other cryptocurrency exchanges, but we’d recommend paying a bit more for added transparency.

Binance.US is an American partner of Binance, the world’s largest cryptocurrency exchange by trading volume, and which was founded in China in 2017. The original platform stopped accepting U.S. users in 2019, and announced it would instead partner with a U.S.-based version of its platform called Binance.US.Binance.US was started under a partnership with the Financial Crimes Enforcement Network (FinCEN)-registered BAM Trading Services as part of its move into the U.S. market.

Since the 2019 introduction of Binance.US, the international Binance has faced regulatory scrutiny. For example, regulators in the U.K. and Italy have banned Binance from operating in their countries, while officials in Hong Kong and Japan have warned investors about the exchange. Binance was also under investigation by the U.S. government for tax fraud, money laundering, and insider trading as recently as September 2021, according to reporting by Bloomberg.

That level of scrutiny was recently extended to Binance.US, which Binance has referred to in the past as a U.S. partner. The Securities and Exchange Commission is currently investigating the relationships between Binance.US and two firms owned by Binance founder Changpeng Zhao, the Wall Street Journal reported.

We reached out to Binance and Binance.US last year and again in February 2022 in an attempt to confirm details about reported regulatory investigations, as well as to better understand the relationship between the international and U.S-based platforms. We didn’t hear back from officials at Binance or Binance.US after we first reached out, though a spokesperson contacted us on behalf of Binance.US after our review originally published in 2021 to provide additional context on the relationship between Binance and Binance.US. They operate as separate companies, the spokesperson said in an email, with Binance.US licensing software, trademarks, and wallet technology from Binance.

United States investors still cannot use the original Binance today, but Binance.US offers over 80 cryptocurrencies for investors to choose from. The biggest draw of Binance.US is its low fees compared to some other exchanges. It also has an easy-to-use buy/sell option for beginners, while more advanced traders can get the benefit of its in-depth “basic” and “advanced” trading platforms.

Despite those benefits, Binance.US offers limited crypto options and is much less transparent than many competitor exchanges when it comes to security, storage options, and customer assistance. For most long-term, retirement-minded investors, we’d recommend sticking with exchanges such as Coinbase or Gemini, which are much more transparent about these key operations.

Pros and Cons of Binance.US

Pros

  • Low fees compared to other exchanges

  • 25% trading fee discount if you pay fees using Binance Coin (BNB)

  • Educational resources available

  • Identity verification process

    (Video) BINANCE TOP 5 MISTAKES WHICH CAN SUSPEND/ OR DISABLE YOUR ACCOUNT FOREVER

  • Tax statement portal to help prepare crypto taxes

Cons

  • Not available in all states

  • $10 minimum trade

  • Site can be difficult to use

  • Lack of information on security

  • History of regulatory scrutiny

  • Limited customer service options

Binance.US At A Glance

  • 80+ currencies available
  • Not available in Hawaii, Idaho, Louisiana, New York, Texas, or Vermont
  • 0.5% fee for instant buy/sell
  • $10 minimum trade
  • Option for recurring investments, for dollar-cost averaging

Cryptocurrencies Available on Binance.US

You can buy and sell over 80 cryptocurrencies on Binance.US, including:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • PAX Gold (PAXG)
  • Harmony (ONE)
  • Orchid (OXT)
  • Helium (HNT)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Stellar (XLM)
  • Tether (USDT)

Binance.US also offers a large number of trading pairs. This includes options to trade two cryptocurrencies without the need to cash out one for USD, as well as options to trade between crypto and a fiat currency like USD. Trading pairs vary between exchanges depending on the various cryptocurrencies offered.

Binance.US Fees

Binance.US has an option to automatically buy and sell crypto using U.S. dollars, using a simple interface that’s similar to what you’ll find on Coinbase and other competitors. Each of these buy/sell transactions charge a 0.5% fee.

Up until recently, Binance.US was charging a flat 0.1% fee on spot trades, a type of trading and fee structure typically used in more advanced platform options. But the crypto exchange announced it is eliminating its spot trading fees on bitcoin, allowing users to make spot bitcoin trades for the U.S. dollar and stablecoins tether, USD Coin, and Binance USD for free. The flat 0.1% spot trade fee still applies to other tokens, but Binance.US said it has plans to eliminate the charges for more tokens in the future.

(Video) Use a Debit Card on Binance US to Buy Bitcoin!

Spot trading means you’re not technically “buying” the cryptocurrency, but instead trading your USD for it through either a market or a limit order. A market order means you agree to trade for the currency at the current market price. A limit order lets you put in a designated price at which you want the trade to occur, and when the currency reaches that price, the trade happens automatically. These orders then incur “maker” (for limit orders) or “taker” (for market orders) fees — though on Binance.US, there’s now no fee for bitcoin.

That can mean serious savings for investors, especially compared to some other exchanges. For example, if you want to buy $100 worth of Bitcoin on Coinbase, you’d actually end up with about $96.51 in Bitcoin, after fees. If you want to spend $100 to buy Bitcoin using this option, you’d end up trading the same amount since there are no fees to purchase it. Keep in mind if you outright buy Bitcoin with USD, you will still pay a 0.5% fee on Binance.US.

There is also a 25% discount if you use Binance Coin (BNB) to pay your transaction fee. To do this, you just have to hold Binance Coin in your Binance.US account, and your trading fee will be automatically deducted from your Binance Coin balance.

If you use a dollar cost averaging method to regularly invest, these savings can be significant in the long run. But while it’s important to pay attention to an exchange’s fee structure, experts say that it may be worth it to pay more in fees for more advanced security, usability, or other features.

Deposit and Withdrawal Fees

Before you trade money for crypto, you’ll need to deposit — and when you sell, withdraw — U.S. dollars into and out of your Binance.US account. The fees for this are minimal, especially if you transfer from your bank account using ACH.

MethodMinimum WithdrawalDeposit FeeWithdrawal Fee
ACH (automated clearing house)$1$00
Wire transfer$100$0$15 domestic, $35 international
Debit cardN/A4.5%N/A

There are also individual withdrawal fees for moving your crypto holdings from your Binance.US account into your own crypto wallet. These fees vary based on the type of cryptocurrency.

Binance.US Security

We found limited information from Binance.US about its security measures and protections, and the company did not respond to a request for comment. Binance.US says the following statement on its homepage: “We use state-of-the-art storage technology to protect your cryptocurrency and USD assets.”

In a blog post, Binance said the “vast majority” of its user funds and assets are stored in offline, cold storage facilities. Though it’s unclear exactly what percentage of assets held by the exchange are kept in secure, offline cold storage vs. online hot wallets. You must have a Binance.US account to send queries to the help desk, so we were unable to get more information that way.

Binance.US does not provide information on an internal wallet offering, but you can keep your coins within your account on the exchange. It also partners with Trust Wallet, a third-party hot wallet option. You can withdraw your coins from your account onto your own hot or cold storage option at any time (for a fee).

There have been previous reports that Binance.US keeps users’ USD in FDIC-insured accounts, but posts on the Binance.US site containing that information have since been deleted. While it doesn’t guarantee the same in case of a Binance.US hack, the international version of the exchange, Binance, covered all consumer losses after a $40 million hack in 2019.

We reached out to Binance.US for more information about its security measures and received no response. We’ll update the review if Binance.US gets back to us.

Additional Details

Earn Rewards

You can earn rewards through the exchange by holding certain coins in your Binance.US account — a strategy called “staking.” According to Binance.US, staking helps support the operations of these coins’ blockchains.

Coins supported currently are: VET, XTZ, ATOM, and ALGO. You can earn up to 6.5% annually through staking with Binance.US, and you may still make trades while taking part.

(Video) 100% ACCURACY How to Know When A Coin Will PUMP on Binance (Cryptocurrency Trading Tips)

Binance Academy

Binance Academy is Binance’s education platform featuring hundreds of hours of content on blockchain, cryptocurrency, cryptoeconomics, security, and more. It essentially serves as a one-stop-shop for all things crypto and can be a helpful resource for beginner investors.

Tax Portal

Binance.US launched a new free tax portal to help customers prepare their crypto taxes. According to its site, the portal allows users to access their transaction history and sync their crypto activity to “most” third-party, though it doesn’t specify which platforms it is compatible with except for TaxBit. The portal offers two tools to help customers generate, export, and download their Binance.US transaction history: a tax API key tool and an export statement tool. The Tax API Key tool directly shares crypto transaction data, while the export statement tool allows users to generate and download their own transaction history.

Who Is Binance.US Best For?

Binance.US is not available in Hawaii, Idaho, Louisiana, New York, Texas, or Vermont. For people outside of those states looking to invest in crypto, Binance.US offers both an easy buy/sell interface and more advanced trading views. It has low fees, and further fee discounts for using its native currency, Binance Coin, and does offer some educational content through its on-site blog.

Despite its low fees, we do not recommend Binance.US, especially for beginners. Binance.US doesn’t offer any information about how your investment will be secured, stored, or protected by the firm, unlike other cryptocurrency exchanges. Plus, there are many other active exchanges that offer simple buy/sell interfaces for long-term investors. We believe that transparency about the safety of your investment is worth paying a bit more in fees.

Binance.US Compared to Others

Binance.USGeminiCoinbase
Coins80+ cryptocurrencies70+ cryptocurrencies150+ cryptocurrencies
Fees0.1% trading fee; Can get a 25% discount on your fee if you hold Binance coin0.50% convenience fee; $0.99 to $2.99 transaction fee; 1.49% transaction fee for trades over $2000.50% spread; Trading fee between 1.49% and 3.99% (or $0.99 to $2.99 flat fee)
Wallet storageKeep coins in Binance.US account or transfer to your own walletKeep coins on Gemini account, Gemini Wallet option, or transfer to your own walletKeep coins on Coinbase account, Coinbase Wallet option, or transfer to your own wallet
Minimum Trade$10Equal to the smallest amount of each coin that can be traded (0.00001 BTC)$2

Frequently Asked Questions

Are Binance and Binance.US the same?

Binance.US formed in 2019 after Binance stopped accepting U.S. investors. The interface and many features are the same, but there are differences such as the amount of cryptocurrencies available to trade in the U.S. vs. elsewhere, as well as which states Binance.US is allowed to operate in. United States users cannot buy crypto using the international Binance platform.

Is Binance legal in the US?

In 2019, Binance was banned in the United States on regulatory grounds and is no longer accessible for U.S. citizens. In response, Binance partnered with a U.S. branch called Binance.US, which the company says is a separate exchange. Binance.US is legal, but it is not available in all U.S. states.

Is Binance.US safe?

There have been no reported breaches at Binance.US, but hackers stole $40 million worth of Bitcoin in 2019 from the global Binance exchange. The company said it paid the losses in full to affected users. Though Binance.US promotes itself as a secure exchange, it lacks full transparency on its security and user protection measures compared to its competitors.

(Video) Binance Kreditkarte - Lohnt sich die Krypto-Karte?

FAQs

How do I avoid fees on Binance USA? ›

One way to lower your trading fee is to keep some Binance Coin in your account at all times so your fees can be taken from that. Doing this fetches you a 25% discount on all trading fees.

What are the disadvantages of Binance? ›

Binance has many trading platforms where you can buy and sell digital currencies.
...
Binance review. Research & platform - 4.1.
ProsCons
• Many different platforms available, tailored to different needs• Wide platform selection could be confusing
• Extra features like multiple order types, order book, charting tools

How much does Binance US charge to withdraw money? ›

Trading and transaction fees

There are no fees for cash deposits or withdrawals by ACH bank transfers, while bank wire transfers are $15 per transaction. Fees for cryptocurrency withdrawals differ by cryptocurrency; withdrawals of Bitcoin cost 0.0005% and a minimum withdrawal amount of 0.001 bitcoin.

Does Binance have low fees? ›

Binance fees are some of the lowest in the industry, whereas Coinbase does not disclose its fees online.
...
Binance vs. Coinbase: Fees.
FeesBinanceCoinbase
Other fees0.50% instant buy and sell feeNot disclosed
8 more rows

How do I get a discount on Binance fees? ›

Just follow these three easy steps.
  1. Step 1: Use a 20% discount referral code. Twenty percent is the largest discount you can get via a referral link. ...
  2. Step 2: Pay trading fees in BNB. BNB is the native cryptocurrency of Binance. ...
  3. Step 3: Get a small amount of BNB.

Is Binance us better than Coinbase? ›

Available cryptocurrencies

Binance.US is the number of available currencies. Coinbase Pro offers more than 170 coins, while Binance.US offers more than 90. As a result, if you want access to more digital assets and trading pairs, Coinbase Pro might be a better choice.

Is Binance us a good exchange? ›

Despite its low fees, we do not recommend Binance.US, especially for beginners. Binance.US doesn't offer any information about how your investment will be secured, stored, or protected by the firm, unlike other cryptocurrency exchanges.

Has Binance us been hacked before? ›

In 2019, hackers stole $40 million worth of bitcoin from Binance user accounts. 5 While Binance replaced users' bitcoin and the U.S.-partner platform hasn't been hacked, it's important to be aware that security breaches are a risk with any crypto exchange.

Can you lose money staking on Binance? ›

Slashing Risk: Binance Staking takes on all slashing risks for users. This promise means that the same amount of tokens that a user staked will be returned to them. However, the fiat value of the staked tokens may fluctuate, and you may have no recourse for any losses.

How do you get 100 a day on Binance? ›

The strategy

If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day.

What is the cheapest coin to withdraw from Binance? ›

However, withdrawing using the BNB Chain is usually the cheapest option when using Binance. With Bitcoin, for example, the withdrawal fee using BNB is 0.000005, while using the Bitcoin blockchain itself is 0.002. With Ethereum, the BNB fee is 0.00068, and the Ethereum (ERC20) fee is 0.0016.

Why are Usdt fees so high? ›

Why are the fees to send USDT so high? USDT is a native ERC20 token, hence the main method of sending USDT will be via the ERC20 network. Due to the congestion on the ERC20 network, the fees to send USDT are high to incentivise the miners to process your transaction first over other transactions.

Does Binance US report to IRS? ›

Does Binance.US report to the IRS? Yes, Binance.US sends Forms 1099-MISC to traders who have earned more than $600 on the platform from staking and rewards. Although it previously issued certain traders Forms 1099-K, Binance.US discontinued the practice in favor of the Form 1099-MISC for the 2021 tax year.

Which crypto exchange has lowest fees? ›

Top 10 Best Crypto Exchanges With Low Fees [2022 Ranking]
  • Comparison Table of Top Crypto Exchanges.
  • #1) Pionex.
  • #2) Bitstamp.
  • #3) NAGA.
  • #4) CoinSmart.
  • #5) Crypto.com.
  • #6) Binance.
  • #7) Bybit.
11 Sept 2022

What is the difference between Binance US and Binance? ›

Rather than change its main exchange to suit U.S. regulations, Binance instead created a separate exchange for U.S. customers, called Binance.US. The United States has many crypto users and owners within its borders. That means that it is a valuable market for Binance.

How do I deposit on Binance without fees? ›

All users can deposit EUR with no fees to their Binance accounts by selecting Buy Crypto > Bank Deposit > Bank Transfer (SEPA). They can also deposit GBP with no fees by selecting Buy Crypto > Bank Deposit > Faster Payments.

How much BNB do I need to lower fees? ›

According to the rates tabulated above, for maker and taker orders you'll have to pay 0.10%. Also keep in mind that, in addition to appropriate trading volume, you must have a minimum of 50 BNB in your crypto wallet for decreased trading costs.

How much is the gas fee on Binance? ›

The live price of Gas is $ 2.2357891 per (GAS / USD) today with a current market cap of $ 22.64M USD. 24-hour trading volume is $ 2.97M USD.

What is better than Binance? ›

Binance's alternatives and competitors. See how Binance compares to similar products. Binance's top competitors include Coinbase, Kraken, and Huobi. Coinbase (NASDAQ: COIN) operates a bitcoin wallet and platform.

Who has cheaper fees Binance or Coinbase? ›

Coinbase is among the easiest exchanges to use, with an intuitive interface, as well as a variety of options for using fiat currency to make purchases. Coinbase does charge much higher fees than Binance.US and the rewards are smaller.
...
Side-by-Side Comparison.
Binance.USCoinbase
Minimum trades$10$2
6 more rows
10 May 2022

What is the best crypto wallet for USA? ›

The 8 best cryptocurrency wallets:
  • MetaMask.
  • Electrum.
  • Ledger Nano X.
  • Trezor Model T.
  • Leder Nano S.
  • Mycelium.
  • Exodus.
  • Opolo.

Is my crypto safe in Binance us? ›

Security. Binance.US rates highly on the security of its exchange. For instance, crypto exchange security review site CER ranked Binance.US as one of the most secure exchanges, as of August 2022, ahead of big names like Coinbase and Gemini.

Is Binance us a Chinese company? ›

The company was founded in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017.

Can you withdraw money from Binance us? ›

From the Binance.US mobile app, tap the 'Wallet' icon in the bottom right corner. 2. From the Wallet screen, tap 'Withdraw.

Can I get scammed on Binance? ›

Even with better safeguards in place, you could still fall victim to a scam. Binance prioritises your safety in the design of its products and platforms, but the first line of defence for any user is being aware of the most common frauds and scams and the ways to avoid them.

Is it safe to leave my crypto in Binance? ›

When you convert your money into cryptocurrency or token, though, it is not insured anymore. This applies to every single country – therefore, storing your official currencies with Binance should be safe most of the time.

Can Binance freeze your account? ›

This is to ensure no US citizens or residences are using Binance.com (they may instead use Binance.US). If we detect that you have violated our Terms of Use, we may lock your account for a period of time or until the issue has been resolved.

Is Binance saving risky? ›

Binance Earn users staked in Locked Savings don't have to worry about the risks associated with locking their funds. Assets can be removed at any time, but you will lose out on your accumulated rewards. Subscribed assets to Binance Savings are, in most cases, used for lending to users with borrowing needs.

Which crypto has best staking rewards? ›

The cryptocurrencies with the highest staking market cap include ETH, SOL and ADA, in which the typical annual yield is around 4% to 5%. Note rewards on the Ethereum network are typically locked up until the Ethereum 2.0 network is complete. Also of note, more than 10% of Ethereum is staked.

Do you lose coins when staking? ›

Yes. Staking crypto can be extremely profitable, and it is an excellent way to earn passive income for long-term believers in crypto who are indifferent to price swings. However, it also comes with the risk of losing money, so stake cautiously.

How can I make $100 a day with cryptocurrency? ›

The best way to make $100 a day on cryptocurrency is to invest around $1000 and track a 10% rise on one pair. This is a realistic approach compared to investing $200 and tracking a 50% rise on the pair.

How do you earn daily profit from Binance? ›

All you need to start earning is to buy the tokens you need using Binance P2P, and then send them to Binance Earn. And that's that.
...
Let's take a look at each of them separately.
  1. Flexible Savings. ...
  2. Locked Savings. ...
  3. Activities. ...
  4. Locked Staking. ...
  5. Launchpool. ...
  6. Dual investment. ...
  7. Binance Liquid Swap. ...
  8. BNB Vault.
14 Jun 2022

Can you make a living day trading crypto? ›

Crypto day trading can be a great way to grow your crypto portfolio and it's a very lucrative alternative to the holding mentality that it's crippling the crypto community. Making a living day trading cryptocurrency can be a lot easier due to the high volatility nature of the crypto market.

How do I withdraw from Binance for free? ›

How to Withdraw Fiat Currency from Binance
  1. Log into your account.
  2. Select Withdraw.
  3. Click on the Fiat tab.
  4. Pick the fiat currency.
  5. Enter the details that the page requires.
  6. Check the transaction details.
  7. Enter your verification code.
16 Jun 2022

How long does it take to withdraw from Binance us? ›

When confirmed and verified, the funds will arrive in your bank account within 3-5 business days.

How do I withdraw Bitcoin without fees? ›

So you can simply type in the amount of Bitcoin you'd like to move from Coinbase to Coinbase Pro, and select “Deposit BTC.” The transfer between the two is instant and free. And then, when you want to withdraw your BTC (maybe to a wallet like Exodus or an exchange like Binance), you will pay no fee whatsoever.

How do I withdraw from USDT without fees? ›

Go to SETTINGS and select "Withdraw" menu.
  1. Select the network (ERC20, TRC20)
  2. Enter the correct address in "Recipient's USDT Address" slot, where the withdrawn asset will be deposited.
  3. Enter the withdrawal amount. ...
  4. Upon completion of the email & Google Authentication, your withdrawal request will be submitted.

How can I get low fees on USDT? ›

Looking to buy USDT on a budget? Don't worry, Kraken offers a minimum order size of 5 USDT, meaning you can start buying USDT with just $5. Of course, you can also execute larger USDT buy orders as well. It wouldn't be out of the ordinary for larger traders to purchase or trade 300,000 USDT or more on Kraken.

Is USDT cheaper to send than Ethereum? ›

To compare, sending $20 worth of USDT costs about $0.05 - $2 while that same transaction on the Ethereum network costs $40.

Can the IRS see my crypto wallet? ›

Yes, the IRS can track crypto as the agency has ordered crypto exchanges and trading platforms to report tax forms such as 1099-B and 1099-K to them. Also, in recent years, several exchanges have received several subpoenas directing them to reveal some of the user accounts.

Can the IRS track crypto gains? ›

A16. Yes. If you exchange virtual currency held as a capital asset for other property, including for goods or for another virtual currency, you will recognize a capital gain or loss. For more information on capital gains and capital losses, see Publication 544, Sales and Other Dispositions of Assets.

Why is Binance under investigation? ›

U.S. federal prosecutors asked Binance, the world's largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters.

What is the best cryptocurrency to invest in 2022? ›

#1 Ripple (XRP) Ripple is number 1 on the list of the top 5 altcoins to buy in October 2022. Recently, the CEO of Ripple Brad Garlinghouse submitted a request for summary judgment.

Is there a way to trade crypto without fees? ›

Digitex is a peer-to-peer cryptocurrency futures trading exchange that allows clients to trade, buy, and sell digital assets with no trading commissions or transaction fees. Digitex offers high liquidity, and there is no need to pass a lengthy KYC procedure.

Which is the safest Crypto Exchange? ›

Coinbase – The Safest High-Volume Exchange

Coinbase is one of the biggest cryptocurrency exchanges in the world and one of the best reputations for security.

Is Binance us better than Coinbase? ›

Available cryptocurrencies

Binance.US is the number of available currencies. Coinbase Pro offers more than 170 coins, while Binance.US offers more than 90. As a result, if you want access to more digital assets and trading pairs, Coinbase Pro might be a better choice.

Is Binance us a good exchange? ›

Despite its low fees, we do not recommend Binance.US, especially for beginners. Binance.US doesn't offer any information about how your investment will be secured, stored, or protected by the firm, unlike other cryptocurrency exchanges.

Which is better Binance or Binance us? ›

Available cryptocurrencies

Binance.US offers access to more than 95 cryptocurrencies, while Binance offers access to more than 600 coins. This is a major difference. Those using Binance are able to trade a wider variety of altcoins, which can be a selling point for those who are interested in more obscure coins.

Why are Usdt fees so high? ›

Why are the fees to send USDT so high? USDT is a native ERC20 token, hence the main method of sending USDT will be via the ERC20 network. Due to the congestion on the ERC20 network, the fees to send USDT are high to incentivise the miners to process your transaction first over other transactions.

How much is the transaction fee in Binance? ›

Binance.US Fees

Binance.US has an option to automatically buy and sell crypto using U.S. dollars, using a simple interface that's similar to what you'll find on Coinbase and other competitors. Each of these buy/sell transactions charge a 0.5% fee.

Which crypto exchange has lowest fees? ›

Top 10 Best Crypto Exchanges With Low Fees [2022 Ranking]
  • Comparison Table of Top Crypto Exchanges.
  • #1) Pionex.
  • #2) Bitstamp.
  • #3) NAGA.
  • #4) CoinSmart.
  • #5) Crypto.com.
  • #6) Binance.
  • #7) Bybit.
11 Sept 2022

Can you day trade on Binance us? ›

Binance.US offers user-friendly features for day traders, from deep liquidity and low slippage on more than 95+ cryptocurrencies at the time of writing, to some of the lowest trading fees available in the U.S. (in some cases, up to 10X lower than competitors!)

How do I withdraw from USDT without fees? ›

Go to SETTINGS and select "Withdraw" menu.
  1. Select the network (ERC20, TRC20)
  2. Enter the correct address in "Recipient's USDT Address" slot, where the withdrawn asset will be deposited.
  3. Enter the withdrawal amount. ...
  4. Upon completion of the email & Google Authentication, your withdrawal request will be submitted.

How do I avoid fees buying crypto? ›

How To Minimize Crypto Trading Fees
  1. Use an Exchange With Commission-Free Trading. ...
  2. Buy Cryptocurrency With Coins. ...
  3. Watch Transaction Amounts. ...
  4. Be Strategic About Your Transaction Types. ...
  5. Offset Crypto Fees by Taking Advantage of Promotions.
29 Jun 2022

How can I get low fees on USDT? ›

Looking to buy USDT on a budget? Don't worry, Kraken offers a minimum order size of 5 USDT, meaning you can start buying USDT with just $5. Of course, you can also execute larger USDT buy orders as well. It wouldn't be out of the ordinary for larger traders to purchase or trade 300,000 USDT or more on Kraken.

How do you get 100 a day on Binance? ›

The strategy

If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day.

Is it safe to keep crypto on Binance? ›

When you convert your money into cryptocurrency or token, though, it is not insured anymore. This applies to every single country – therefore, storing your official currencies with Binance should be safe most of the time.

How does Binance make money? ›

Binance makes money from trading fees, interest on loans, spreads, fees from its broker program, cloud offerings, interchange fees, mining services, and profits from investments. Founded in 2017, Binance has quickly risen to become the world's largest cryptocurrency exchange by trading volume.

Which crypto exchange is best in USA? ›

10 Best Crypto Exchanges Of 2022
  • The Best Crypto Exchanges of October 2022.
  • Kraken.
  • Gemini.
  • Crypto.com.
  • KuCoin.
  • Coinbase.
  • The Best Crypto Exchanges for Beginners of October 2022.
  • Gemini.

What is the best cryptocurrency to invest in 2022? ›

#1 Ripple (XRP) Ripple is number 1 on the list of the top 5 altcoins to buy in October 2022. Recently, the CEO of Ripple Brad Garlinghouse submitted a request for summary judgment.

Which is the safest Crypto Exchange? ›

Coinbase – The Safest High-Volume Exchange

Coinbase is one of the biggest cryptocurrency exchanges in the world and one of the best reputations for security.

Which coin is best for daily trading? ›

10 Best Cryptocurrencies To Invest In 2022
  1. Bitcoin (BTC) Market cap: Over $846 billion. ...
  2. Ethereum (ETH) Market cap: Over $361 billion. ...
  3. Tether (USDT) Market cap: Over $79 billion. ...
  4. Binance Coin (BNB) Market cap: Over $68 billion. ...
  5. XRP (XRP) Market cap: Over $37 billion. ...
  6. Terra (LUNA) ...
  7. Cardano (ADA) ...
  8. Solana (SOL)
16 Sept 2022

What percentage of day traders are successful? ›

The success rate for day traders is estimated to be around only 10%. So, if around 90% of day traders are losing money in general, how could anyone expect to make a living this way?

How much do crypto day traders make? ›

As of Sep 26, 2022, the average annual pay for a Cryptocurrency Trader in the United States is $113,230 a year. Just in case you need a simple salary calculator, that works out to be approximately $54.44 an hour. This is the equivalent of $2,177/week or $9,435/month.

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3. LIVE TRADE USING BINANCE.US!!!
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