What is Binance?
Binance is a digital asset exchange that facilitates trading of digital assets. The company is based in China and has become one of the largest cryptocurrency exchanges in the world. Binance supports numerous tokens, including Bitcoin, Ethereum, Litecoin, NEO, and many others.
Why trade on Binance?
Binance offers numerous advantages for traders, including:
-A wide variety of digital assets to trade
-Fiat currency support (USDT)
-Advanced trading features
-Attractive fees
How to access Binance from US
Unfortunately, US citizens are not currently able to trade on Binance. However, there is a workaround that allows US traders to access Binance through a platform called “Binance US”.
What is Binance US
Binance US is a digital asset exchange created by the team at Binance. The exchange is designed for US citizens and offers a selection of digital assets for trading.
US traders can access Binance US by creating an account and providing their personal information. Once the account is verified, traders will be able to deposit USD and trade on the platform.
What are the fees on Binance US?
Binance US charges a flat fee of 0.1% for all trades. There are no other fees or commissions.
How to deposit USD on Binance US
US traders can deposit USD on Binance US by wire transfer or ACH transfer. Wire transfers typically take 1-2 days to process, while ACH transfers can take up to 5 days.
Once the USD is deposited in your account, you will be able to trade on the platform.
Tips for trading on Binance successfully
Here are a few tips to help you trade successfully on Binance:
-Start with a small amount of capital
-Don’t risk more than you can afford to lose
-Learn as much as you can about the platform and the assets you’re trading
-Have a plan and stick to it
-don’t get emotional about your trades
-Manage your risk carefully
With these tips in mind, you should be well on your way to success on Binance. Happy trading!
Other exchanges to consider
If Binance US doesn’t meet your needs, there are a few other exchanges that you can consider:
-Coinbase
-Gemini
-Kraken
-Bitstamp
Each of these exchanges offers a different selection of assets and features, so be sure to do your research before choosing one.
FAQs about Binance
How long does it take to verify my account?
It usually takes between 1-2 days to verify your account.
What is the minimum deposit on Binance US?
There is no minimum deposit on Binance US. You can deposit any amount of USD that you like.
What are the trading hours on Binance US?
The trading hours on Binance US are from 9:00am to 6:00pm EST.
How do I withdraw USD from Binance US?
US traders can withdraw USD from Binance US by wire transfer or ACH transfer. Wire transfers typically take 1-2 days to process, while ACH transfers can take up to 5 days.
Is there a limit to how much I can trade on Binance US?
Yes, there are limits to how much you can trade on Binance US. These limits are in place to protect the platform from fraud and abuse.
Binance US is a digital asset exchange that allows US traders to access the Binance platform. The exchange offers a variety of digital assets for trading and charges a flat fee of 0.1% per trade. US traders can deposit USD on the platform by wire transfer or ACH transfer.
