Binance.us Opens Registration Today, Reason Behind Alts rally
The leading Cryptocurrency exchange Binance is ready to open gates for the US residents users. Binance.us announced to open registration for US users from Monday. Binance.us is a fast and secure digital assets trading platform.
Important Updates for Binance.us
- Zero trading fee till 1 November 2019
- Binance.us will not available for all states users in US initially (the list of states are given later in the post)
- All users need to create a new account and complete KYC (know your customer) verification to be eligible for trading on the platform
Documents Needed for Verification
Any USA citizen with a valid government ID (driver’s license or passport) and social security number (SSN) will be able to register on Binance.us exchange excluding the following states:
- Alabama
- Alaska
- Connecticut
- Florida
- Georgia
- Hawaii
- Idaho
- Louisiana
- New York
- North Carolina
- Texas
- Vermont
- Washington
The CEO of binance.us, C. Coley further added that it’s very upsetting that we cannot services to the state user where I born. This is just the beginning and the aim of team is to provide services to every citizen of USA.
Binance.us CEO Answers Key Questions
Will my tokens/coins stored in any custodian or trading platform automatically transferred to Binance.us?
No, Binance.us is an independent platform, users need to register a new account on the platform and deposit their support crypto assets. Users can deposit according to their verification level limit. Depositing crypto assets on the platform is a very easy process.
Will US users can buy listed tokens/coins with USD or credit/debit cards?
Yes. Registered users on the platform are able to buy listed Tokens/coins by USD using ACH or wire transfer methods. Other options will be added in future.
What is the trading fee?
The aim of the platform is to provide users a secure and fast trading platform with low fees. Other Exchanges take high fee for trading. Binance.us offers a straightforward fee schedule. For personal accounts the flat trading fee is 0.1% per trade. If you buy $100 of BTC, your fee will be $0.10.
Coperate and institutional account have flexible fees according to their total trading volume.
Binance.us offer zero fee till 1 November 2019.
Will trades on Binance.us separate from Binance.com?
Yes. Binance.US is a separate company, operated by BAM Trading Services. All the crypto assets are stored on Binance.us wallets and can only be accessed by Binance.us users.
What happens with the coins/tokens that are not listed on Binance.us?
Users can store the tokens/coins on other trading platform or wallet (hot wallet, cold wallet). Binance.us will list new coins in upcoming weeks that will satisfy the Digital Asset Risk Assessment Framework.
Registration Starts at September 18 at 8am ET
Users are able to register new account on Binance.us platform start from September 18 at 8am ET. After Registration user need to complete his/her KYC verification to be able to use the services. Binance.us will initially accept BTC, ETH, XRP, BCH, LTC, USDT, and USD deposits after account verification. Binance.us will update users when they have enough assets to provide liquidity on the platform and start trading. Support for additional jurisdictions and listings may be added at a later date.
