Binance.US review: score, licensing and risks
62/100SCORE · CMixed record
Grade C, fair
Binance.US is a separate US entity with far fewer assets than Binance global. Following SEC action against its parent in 2023 it lost banking partners and dollar rails were disrupted for months. Fees are low, but the operational risk record is the thing to weigh.
The facts
- FOUNDED
- 2019
- HEADQUARTERS
- United States
- CUSTODY
- Custodial.
- MiCA / EEA
- Not applicable. US only.
- US ACCESS
- Yes, in most states.
- PROOF OF RESERVES
- Limited publication.
- FEES
- Around 0.10 percent at entry tier.
- ASSETS
- 150 plus
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Low fees for a US venue
- Separate legal entity from Binance global
✗ Weaknesses
- Banking rails were disrupted for an extended period in 2023
- Far fewer assets than Binance global
- Regulatory overhang from the parent company
- Thin support
Incident history
2023
Lost banking partners following SEC action against its parent, and dollar deposit and withdrawal rails were disrupted for an extended period.
Our read
A separate company from Binance global, and it inherited the reputational damage anyway. The 2023 banking disruption is the relevant history: the risk was access to your dollars rather than theft.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.