Log-in on your Binance account where you would transfer the bitcoin. This guide will show you how to buy Ten Best Coins by connecting your crypto wallet to a decentralized exchange (DEX) and using your Binance account to buy the base currency. You will be able to try again and re-submit the information. GST software that combines all of the necessary accounting functions into a single application keeps financial and tax information in sync and up-to-date. This just keeps the probabilities always on our side. One trick they are definitely missing is that they do not offer Futures or margin trading. Binance US has a huge flex here, and that is that they are the only major US exchange to offer fee-free Bitcoin and Ethereum trading against USD and USD stablecoins. Users can deposit USD using Bank Transfer (ACH), Debit card, and Apple Pay. Remember that the minimum balance required is USD 250, and all orders are set automatically. Though debit card deposits are convenient, users are better off depositing via ACH or Wire transfer to save the most in fees.
Use proper language; save the slang for hanging out with your buddies on the weekend. Traders who opt to use the Binance Coin (BNB) to pay for fees will receive a 25% reduction in trading fees, making the highest price traders pay coming in at just 0.3% for maker and 0.45% for taker. 2. Following the on-screen prompts, users will need to submit ID verification. We will cover those fees below. This is standard across most exchanges, with the fees varying depending on the type of cryptocurrency. According to CoinGecko, there are currently 148 coins and 332 trading pairs available on Binance US, which is less than most international exchanges, but is none-the-less, a good selection and beats out most US exchanges. Binance operates on a Maker/Taker fee system, similar to most crypto exchanges. Tier 1 trades start with a 0.4% taker and 0.6% maker fee for traders with less than $10,000 trading volume within a 30-day period.
That’s right. In 2022, Binance waged an all-out war on the competition, surprising the industry as they announced they would be eliminating spot trading fees on Bitcoin, allowing users to make spot Bitcoin trades for the U.S. 1 in the industry by independent examiners, and yours truly. The Trustpilot site also features multiple similar reviews from frustrated users experiencing slow response times. The Binance Support site is a good resource for self-help though, with enough FAQs and tutorials to address most common issues that users may face. But Binance and its CEO, Changpeng Zhao, face additional charges of diverting customer funds – concealing the fact that it was commingling billions of dollars in investor assets and sending them to a third party that Zhao also owned. You may also contact our customer service agents via Binance Support to update your information. With a growing number of employees, superior customer service remains the cornerstone of our business.
As far as customer support goes, Binance US could up their game a bit. Binance fees were already the lowest in the industry, and they’ve upped the game even more as you can’t get much lower than free. While some users breeze through, we can’t write this review and not mention the multiple frustrated customers that have had to wait weeks for verification, or just get flat-out denied for reasons unknown to them. Ringing phone causes interruption and we get annoyed at being disturbed while dealing with overscheduled routine. I can’t say this is surprising, phone support isn’t offered by many exchanges, with Kraken being the exception. Another complaint from some users is that there is no live phone support. That way, users can have the best experience when investing in crypto assets. You can learn more about the Binance app in our Binance Mobile App Overview. Trust Wallet is a free mobile crypto wallet that enables users with the ability to safely store their cryptocurrency. Binance US offers over 140 cryptos, one of the best selections for US traders, and https://Bitcoinxxo.com the most fully featured cryptocurrency staking selection. So I think one lesson is if you’re building a supposedly secure highly trusted component, maybe watch your dependencies for fixes.