Friday, March 29, 2024

Binance.us

by Hideo Nakamura
Binance.us

Binance.us is a crypto-to-fiat exchange, offering trading between United States Dollars (USD) and various digital assets such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and many others. The platform was launched in September 2019 by Binance and allows users to buy or sell cryptocurrencies using their Visa/Mastercard debit cards or bank account transfers via ACH transfer, which are usually processed within 1–3 working days.

The main advantage of using Binance.us over other exchanges is that it has lower fees than most competitors while still providing access to the same major coins like BTC, ETH etc., making it an attractive option for those looking to simplify their cryptocurrency investing activities without incurring high transaction costs. Additionally, all deposits made on Binance US are insured up to $250K USD through its custodial partner Paxos Trust Company, giving customers added security when trading on the platform. Lastly, registration is relatively simple with no KYC requirements necessary until you reach Level 2 status – this can be done either by submitting ID documents online or visiting one of several participating banks in person where your identity will be verified instantly at branch level if you have an existing account there already..

In order to get started with buying/selling cryptocurrencies on Binance US users must first create an account before they can start depositing funds into it – once accounts are set up money can then be deposited directly from any linked bank account via ACH transfer after passing verification processes depending upon user tier level reported previously above . After successful deposit confirmation , traders may begin placing orders immediately but should note that transactions involving fiat currency require additional clearance time due to regulatory compliance factors so please allow extra time for these types trades accordingly . Finally , withdrawal requests also take longer since each request needs manual approval prior being sent out successfully – this process generally takes around 24 hours during normal business operations although times may vary based upon current demand levels at given times .

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