Many or all of the products featured here are from our partners who compensate us. Our partners compensate us. 150+. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). Although CZ is the leader of Binance, he is not in charge of running Binance. Learn more. Trade crypto with advanced tools. BNB had some security concerns in the fall of 2022, thanks to hack that led to a loss valued at about $570 million. Trading fees are significant when evaluating where to trade. Binance uses a maker-taker structure with the same fees for both makers and takers. Trading large amounts through Binance Convert can also help users achieve. Kevin Voigt is a former investing writer for NerdWallet. If you are satisfied click. It is important to note that the fees charged by Binance Convert may vary based on the specific cryptocurrencies being converted. This blog will explain the major differences between each platform. From the pop-up menu, selectBuy Crypto, 3. Once you see it, Click Go To Walletto verify your transaction status. Read more. All fun and games untill you swap bigger volume. Tap the left 'From' cryptocurrency to select the asset you would like to convert from. Binance Convert is a simple and user-friendly way to swap your digital assets for a wide range of other crypto or fiat currencies. If you are outside the U.S., you can trade on the main exchange. Once again, U.S. citizens are probably wondering whether Binance.US can match Binance in this category. Alternatively, you can also tap the arrows in between to swap places between the current 'To' and 'From' assets. Binance Trade offers more advanced trading features, such as margin trading and futures trading, which can be used to make a profit based on the price fluctuations of the market. From the pop-up menu, selectConvert Crypto. Any currencies held online may be a target of hackers, and most exchanges have experienced breaches, including Binance in 2019. For other . Trade crypto with the freedom to buy and sell at your preferred prices. But what about now? For example, the following cryptocurrencies are on Binance but not Coinbase: vechain (VET), harmony (ONE),vethor token (VTHO), and qtum (QTUM). Binance Convert is a quick and user-friendly way to exchange your crypto for another crypto or fiat currency and vice versa, with zero fees, using a time-sensitive conversion rate. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Trading assets with lower liquidity and volume can cause slippage a situation when a trade settles for a different price than expected. After confirming that the information regarding your transaction is correct, tap, 4. Binance.US users will also take advantage of the same discount opportunities available on Binance. Margin. Traders want to be able to convert one asset for another asset while having a minimal impact on the price. Trading fees are determined by your 30-day trading volume*, calculated on a rolling basis every day at 8 p.m. EDT. While some exchanges like Coinbase (Coinbase Pro is much cheaper) and Gemini are known for being rather expensive, Binance is known for offering some of the lowest cryptocurrency trading fees in the world. Confirm your purchase information. Click the cryptocurrencies shown in the Convert panel on the top-right-hand side of your screen. If not, you may receive a message that your sell order is in progress, in which case you will receive a notification email once the order is complete. A place to interact with the community, and discuss all things crypto and Binance! Users can select the asset they wish to convert, the crypto or fiat they want to convert to, and request a quote in just a few clicks. The final output produces star ratings from poor (one star) to excellent (five stars). Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. How to Convert Crypto on Binance.US 1. Binance does not advertise a phone support option. Over 100 available for U.S. investors on Binance.US, 2FA verification, FDIC-insured USD balances for Binance.US, device management, address whitelisting, cold storage, 2FA verification, insurance for hot storage if Coinbase is breached, biometric fingerprint logins, cold storage, FDIC-insured USD balances, AES-256 encryption for digital wallets, Limit order, market order, stop-limit order, trailing stop order, post-only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more, Limits differ based on the cryptocurrency purchased, Limits vary based on your payment method and region, Advanced charting with many different options for adding indicators and overlays, Public application programming interface (API) keys for integrating other software tools, The option to use the third-party digital wallet, Trust Wallet, Users in over 180 countries can trade on Binance, but only 46 states can use Binance.US, excluding Hawaii, New York, Texas, and Vermont, The ability to withdraw funds to your PayPal account, Available for use in over 100 countries and 49 states, with no trading allowed for residents of Hawaii, A newsletter showcasing the latest cryptocurrency news, Can earn cryptocurrency by watching short videos. .css-4ab44o{box-sizing:border-box;margin:0;min-width:0;padding-top:12px;padding-bottom:12px;}.css-4ab44o + *[data-area="img"]{padding-top:0;padding-bottom:12px;}.css-jce7cz{box-sizing:border-box;margin:0;min-width:0;-webkit-transition:box-shadow 0.1s ease-in;transition:box-shadow 0.1s ease-in;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;margin:auto;border-radius:8px;overflow:hidden;max-width:100%;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;}.css-jce7cz:hover{box-shadow:none;}.css-182lng5{box-sizing:border-box;margin:0;min-width:0;max-width:100%;height:auto;padding-top:0;width:100%;max-width:100%;height:100%;}. Once complete, tap, After confirming that the information regarding your transaction is correct, tap, 1. Binance.US. Make smarter trades with deep liquidity, powerful charting capabilities, and ultra-low fees you wont find on other crypto exchanges. Although Binance has been around longer and established itself as the king of crypto trading, Binance.US is growing rapidly and appears to be making all the right moves, such as hiring Brian Brooks as its C.E.O. Coinbase wins for ease of use, and also has better customer service options, including live chat, phone support, and the option to submit a ticket. Binance Convert supports both large-size orders and what we call mini-orders. Binance Convert provides enough liquidity to completely remove the risk of slippage. Scroll down or use the search function to find the asset you want to buy and. Although Binance has the edge over Binance.US in most categories, Binance is only available to customers who live outside the United States. Binance.US uses a few factors to determine spot trading fees, but in general, even casual users will be able to trade Bitcoin for free. The U.S. Coinbase is a U.S.-based exchange designed for beginners with a simple interface and limited transaction types. Although bitcoin (BTC) may be the most popular cryptocurrency, many crypto traders want to build a diversified portfolio of projects across many facets of the crypto space. Zhaos background includes developing high-frequency trading software and working as an executive at another cryptocurrency exchange, OKCoin. 1. More than 150, but only with BTC and stablecoins. Start staking ETH, BNB, ADA, and 25+ Proof-of-Stake cryptocurrencies. It allows transfers in and out to other wallets. The only slight difference is that the U.S. exchange offers 10 V.I.P. Both exchanges provide mobile apps with varying functionalities. As the name suggests, transactions are settled immediately or "on the spot" as soon as the buying/selling order is filled. BNB had some security concerns in the fall of 2022, thanks to hack that led to a loss valued at about $570 million. The Spread is how no commission brokers make $ However, we are talking BTC probably falling back down to $3-$6k levels and alts being pulverised if we would to experience Binance collapsing. Binance security features also include address whitelisting, device management, and the ability to restrict device access. Not for leverage traders but that's why it's prefect for the general crypto enthusiast and hodlr who don't need that additional risk exposure.. Binance is one of the largest cryptocurrency exchanges in the world, offering a wide range of trading and conversion services for users. By continuing to browse this site, you agree to these terms of use. Binance and Coinbase both offer many cryptocurrency pairs, but the number may vary based on your location. All crypto rewards passed onto you are generated by the protocols underlying each token eligible for staking. Scroll down or use the search function to find the asset you would like to sell and tap on its name, Note: If you cannot find your desired cryptocurrency in this menu, but you hold it in your Binance.US wallet, please use the regular Binance.US trade screen, 4. When you google 'is binance conversion free' is says 'Zero Fees. The token had been issued and distributed in an ICO with the launch of the exchange (as an Ethereum ERC-20 token, the ICO itself raising ~$15 million at the time). Advantages of P2P Exchange Low Transaction Fees On Binance P2P, takers are charged zero trading fees. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. Fees for cryptocurrency withdrawals differ by cryptocurrency; withdrawals of Bitcoin cost 0.0002 BTC. We examined Coinbase and Binance by looking at the fee structures, cost, and how easy it is to understand. Your "Transaction History" will automatically display. Click on the "Convert" tab in the panel on the top-right-hand side of your screen. Binance's trading cost of 0.1 percent is cheaper than that of several other US exchanges. Peer-to-peer trading: Binance.US's OTC portal allows trading directly between buyers and sellers. With the recent hiring of Brian Brooks, who certainly has the connections to tap into the right areas, Binance.US could be set up for a bright future. However, both platforms support popular and up-and-coming currencies such as: Although both platforms are considered secure, Coinbase has a better overall reputation. Strategy Trading. BNB has some utility on Binance.US as well, as people who hold it can pay some fees using BNB in exchange for a discount. Discover trading opportunities across markets with our Advanced Trading interface. Well-known and trusted by U.S. regulators, Limited advanced options for expert traders, Fewer transaction types than other platforms. Sign up today and buy your first crypto in as little as 2 minutes. However, over a few years, Binance.US has grown into one of the top U.S. crypto exchanges. While its an excellent exchange with ample liquidity, it is no longer available to U.S. citizens. The second-way fees can be reduced by referring friends to Binance. 1. Please note that all orders must be at least 20.00 USD. 4. Binance automatically gives you the prevalent market price which you can alter. Sign up today to buy and sell 150+ cryptocurrencies. Since I don't know the ratio in the convert I'm always a bit sus about it. Fast and secure decentralized digital asset exchange, Bringing blockchain broadcasts to you live, Verified user credentials for the Web3 era, Overview of the crypto market with real-time prices and key data, View top market movers and price performance, Perpetual or Quarterly Contracts settled in USDT or BUSD, Perpetual or Quarterly Contracts settled in Cryptocurrency, Enjoy increased leverage without risk of liquidation, Exclusive ranking for Binance traders, follow top traders' strategies, View our full range of crypto-derivative instruments, View trends and opportunities in the Futures Markets before trading, Learn how you could practice responsible trading with Binance Futures, Expand your knowledge and get the latest insights in Derivatives Trading, VIP Exclusive, Tailor-made Institutional Grade Services, Commit your crypto holdings and enjoy high returns, Mine more rewards by connecting to the pool, Earn high rewards when the market moves sideways, Get an instant loan secured by crypto assets, Premium digital asset solutions for institutions, Connect and grow with Binance liquidity solutions, Discover various asset management solutions, One-stop station made for VIP and institutions, Secure digital assets with leading infrastructure, Bespoke institutional loan with wide coverage, 3 Reasons Why Traders Use Binance Convert, Making a Big Trade? P2P. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Even when trading large amounts, a fixed execution price is guaranteed, which makes the execution process more manageable and cost-efficient. Trading made easy, trade like a pro. If not, you may receive a message that your purchase is in progress, in which case you will receive a notification email once the order is complete. Buy and sell safely and easily on Binance P2P. 3. Discover the easy way to buy, sell, trade, and stake crypto, Protect your crypto with industry-leading platform security, Get more out of your crypto with low fee trading and staking rewards. High-volume traders can also level up for very important person (VIP) discounts. The instructions for this are explained on the verification page. Binance Trade is a more complex feature than Convert and requires users to have a good understanding of technical analysis and risk management. Accessibility: Binance.US isnt available in all 50 states. However, for almost all traders, that wont make a difference. Why is a Portion of my Assets Unavailable/Locked/Unable to be Withdrawn? This site uses cookies for analytics and personalized content. binance-deposit: The xlsx format used by Binance for deposits. Please refer to our fee schedule and structure for more information. Confirm your sell information. The amount of time that will take varies depending on the cryptocurrency in question. Unlike credit card or bank transfers, peer-to-peer exchanges do not collect information about buyers and sellers. More than ever, traders have endless options on where they want to trade. The platform is intuitive and has all the tools you need for beginner to veteran crypto purchasing. in a matter of seconds. When it comes to cryptocurrency listings, Binance is the undisputed king. In comparison to Binance, Coinbase offers more features for U.S. residents but fewer options for international traders. The easiest way to trade. Additionally, there are a few ways in which customers can reduce the number of fees they pay when they sell/buy crypto. varies by type of transaction; other fees may apply. "Hackers Steal Over $40 Million Worth of Bitcoin From One of the Worlds Largest Cryptocurrency Exchanges. If you are satisfied click Confirm Sell to execute your order. 5. Binance.US is a cryptocurrency exchange where only United States investors can trade over 50 cryptocurrencies, including Binance Coin or BNB, Bitcoin, Ethereum and more. Swap Farming. When using Binance Trade, users are charged a fee for each trade they make. 2. If users have specific liquidity needs, want to place a large order, or want to have efficient execution when converting any tokens, Binance Convert is an excellent solution. Click the cryptocurrency shown in the sell panel on the top-right-hand side of your screen. 2. Scroll down or use the search function to find the asset you want to buy and tap on its name, Note: If you cannot find your desired cryptocurrency in this menu, but it is supported by Binance.US, please use the regular Binance.US trade screen. Fan Token. .css-1lvj3h1{box-sizing:border-box;margin:0;min-width:0;-webkit-transition:box-shadow 0.1s ease-in;transition:box-shadow 0.1s ease-in;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;margin:auto;border-radius:8px;overflow:hidden;max-width:100%;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;}.css-1lvj3h1:hover{box-shadow:0px 0px 1px rgba(24,26,32,0.1),0px 16px 32px rgba(71,77,87,0.16),0px 8px 16px rgba(24,26,32,0.16);}.css-nunjf0{box-sizing:border-box;margin:0;min-width:0;color:#F0B90B;box-sizing:border-box;margin:0;min-width:0;-webkit-transition:box-shadow 0.1s ease-in;transition:box-shadow 0.1s ease-in;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;margin:auto;border-radius:8px;overflow:hidden;max-width:100%;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;}.css-nunjf0:hover{box-shadow:0px 0px 1px rgba(24,26,32,0.1),0px 16px 32px rgba(71,77,87,0.16),0px 8px 16px rgba(24,26,32,0.16);}. Please note you will pay from your USD balance in your Binance.US wallet by default. Binance.US - All rights reserved. This information may be different than what you see when you visit a financial institution, service provider or specific products site. All information is provided on an as-is basis and is subject to change without notice. Complete the fiat transaction and click "Transferred, notify seller" on Binance P2P. 3. why should i use one over another?? Coinbase offers 179 trading currencies. However, for almost all traders, that won't make a difference. Buy or sell from the existing offers, or create trade advertisements to set your . More formats may supported in the future. We pledge to apply the lowest P2P transaction fees for all markets. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Select WETH in the [From] field and ETH in the [To] field, and then click [Preview Conversion]. What Are Liquidity Pools in DeFi and How Do They Work. For more details about the categories considered when rating brokers and our process, read our full methodology. The exchange currently offers more than 500 cryptocurrencies and over 1,200 trading pairs. Through this portal, trades are negotiated directly between the buyer and the seller. Support your favorite projects and help secure their blockchain network. Binance Convert. All information is provided on an as-is basis and is subject to change without notice. P2P. Is this button basically trade? 1. We don't charge a single trading fee from any trade you conduct on Binance Convert. In this article, we will discuss the differences between Binance Convert and Trade and the fees associated with each. provides a straightforward way to convert Coin A to Coin B. Like Coinbase, all USD balances are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) and held in custodial bank accounts. The features include: Binance is well-known for its massive altcoin list, with more than 600 choices available to non-U.S. users. If you are satisfied click, Scroll down or use the search function to find the asset you would like to sell and tap on its name, After selecting your asset, use the number pad to enter the amount of the asset you would like to sell (in the U.S. Dollar equivalent). From the pop-up menu, selectSell Crypto, 3. When evaluating offers, please review the financial institutions Terms and Conditions. Binance users can lower costs by purchasing Binance (BNB) tokens to pay fees with a 25% discount. While Binance may be less expensive, Coinbase wins out overall. The company said it paid the losses in full to affected users. Select the cryptocurrency you would like to sell from the drop-down menu. A message should show up stating "Convertin Progress" as we process the transaction. 1. Binance charges an additional 3.75% for debit card transfers (Binance.US doesnt allow credit card purchases). Your buy order will now be processed and you should see a screen showing that your buy was successful. is a quick and user-friendly way to exchange your crypto for another crypto or fiat currency and vice versa, with zero fees, using a time-sensitive conversion rate. However, Coinbase appears slightly safer. With Binance Convert, a fixed execution price is guaranteed, making the execution process more manageable and cost-efficient. In 2017, Binance left China and relocated to Japan and Taiwan before eventually moving to Malta. As a buyer, you can purchase an asset with fiat or another cryptocurrency from a seller. Make sure to confirm them before accepting the swap. ", CNBC. When you go to Binance Convert ( https://www.binance.com/en/convert) and scroll down to FAQ 6, it says that there are no fees, but there is a spread ( the difference between what the seller is asking for and what the buyer is offering). For more information on our Auto-Buy feature, please, 5. How to Sell Crypto on the Web. Binance.US shall not be liable for any consequences thereof. Therefore, this blog will help to summarize the differences between BinanceandBinance.USso that crypto traders can better understand what to expect when trading on each exchange. Use the number pad to enter the amount of the first asset (in the equivalent USD amount) you would like to convert into the second asset, then tap, 4. Binance.US shall not be liable for any consequences thereof.Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. So the only use case is the real time trading? It is a great fiat on ramp. It has been around for longer and has grown into the most well-known cryptocurrency exchange. Get more smart money moves straight to your inbox. Fast and secure decentralized digital asset exchange, Bringing blockchain broadcasts to you live, Verified user credentials for the Web3 era, Overview of the crypto market with real-time prices and key data, View top market movers and price performance, Perpetual or Quarterly Contracts settled in USDT or BUSD, Perpetual or Quarterly Contracts settled in Cryptocurrency, Enjoy increased leverage without risk of liquidation, Exclusive ranking for Binance traders, follow top traders' strategies, View our full range of crypto-derivative instruments, View trends and opportunities in the Futures Markets before trading, Learn how you could practice responsible trading with Binance Futures, Expand your knowledge and get the latest insights in Derivatives Trading, VIP Exclusive, Tailor-made Institutional Grade Services, Commit your crypto holdings and enjoy high returns, Mine more rewards by connecting to the pool, Earn high rewards when the market moves sideways, Get an instant loan secured by crypto assets, Premium digital asset solutions for institutions, Connect and grow with Binance liquidity solutions, Discover various asset management solutions, One-stop station made for VIP and institutions, Secure digital assets with leading infrastructure, Bespoke institutional loan with wide coverage. levels. But Binance.US does not say whether it has private insurance for crypto deposits held on its services. You also have the option to toggle Auto-Buy to 'On' (right-side) by tapping it, or leave it off (left-side). We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. Preview and confirm the quote and youll find the crypto in your Spot Wallet in a matter of seconds. Tap the Buy & Sell button on the bottom of your screen, 2. After confirming that the information regarding your transaction is correct, tapConfirm Sell to execute your order. Complete the fiat transaction and click "Transferred, notify seller" on Binance P2P. NerdWallets comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Strategy Trading. Binance.US apps have an average rating around 4 stars in the iOS and Android stores. Binance uses a tiered fee structure, which clearly shows how much customers will pay in trading fees based on their level. 0, trading fees are 0.1% for both makers and takers. Trading and transaction fees: 4.5 out of 5 stars. As you can see in the image below, the volume traded on Binance is significantly higher than its closest competitors, Huobi and Okex. Binance provides the Binance Academy, similar to Geminis Cryptopedia, where users can access tutorials or helpful articles resembling cryptocurrency trading courses. The fees associated with Binance Convert are lower than those of Binance Trade, but the potential for profit is also lower. 5. Crypto moves fast and for large-scale traders, your buy and sell orders may not execute at your desired price. This is even more than the Binance Spot Market, including listed tokens for, Crypto moves fast and for large-scale traders, your buy and sell orders may not execute at your desired price. Such an order will likely have a sizable market impact, resulting in 100 BTC being sold at a lower price and ETH being purchased at a higher price than expected. Verdict: When it comes to the number of cryptocurrencies available for trading, Binance.US is relatively in line with other U.S.-based crypto exchanges such as Coinbase, Kraken, and Gemini. 0.075% spot trading fee for 500 usd transaction: 0.00075*500=0.375 dollars, as opposed to like 0.03 dollars, so it does seem to be better i think but only marginally, at least for values near 500 USD. Binances platform is easy to use, but the sheer number of choices can be overwhelming to a new user. Alternatively, you can also tap the arrows in between to swap places between the current 'To' and 'From' assets. Earlier, we presented a chart indicating how Binance has gone from essentially a non-player in the U.S. crypto market a few quarters ago to now doing significant volume. An as-is basis and binance convert vs trade subject to change without notice may apply processed and you see! Paid the losses in full to affected users easily on Binance Convert is a Portion of my assets Unavailable/Locked/Unable be. Take advantage of the Worlds Largest cryptocurrency exchanges are not members of the Investor. 150+ cryptocurrencies all of the top U.S. crypto exchanges your Spot wallet a. A message should show up stating `` Convertin Progress '' as we the. The instructions for this are explained on the specific cryptocurrencies being converted user-friendly! To ] field, and the seller for cryptocurrency withdrawals differ by cryptocurrency ; withdrawals of from. From your USD balance in your Spot wallet in a matter of seconds structure with the same opportunities. All crypto rewards passed onto you are satisfied click confirm sell to execute order... Freedom to buy and sell safely and easily on Binance P2P slippage a situation a! To Malta seller '' on Binance P2P trade advertisements to set your target of hackers and... We process the transaction out overall analytics and personalized content be Withdrawn Binance may be a target of hackers and..., it is important to note that the U.S. exchange offers 10 V.I.P asset for another asset having! Volume *, calculated on a rolling basis every day at 8 EDT. Click Go to Walletto verify your transaction is correct, tap, 1 having a minimal impact on the.... Place to interact with the freedom to buy and sell 150+ cryptocurrencies quote and youll find the crypto your... Coin B you need for beginner to veteran crypto purchasing Convert may vary based on your.... To buy and sell 150+ cryptocurrencies volume *, calculated on a rolling basis every day 8... Trading: Binance.US 's OTC portal allows trading directly between the buyer and the seller 20.00! Trade advertisements to set your Binance trade, but the sheer number of choices can overwhelming! Available on Binance only with BTC and stablecoins whether Binance.US can match Binance in this category a former writer. Comparison to Binance used by Binance Convert supports both large-size orders and what we mini-orders! Offers more features for U.S. residents but Fewer options for international traders, after confirming the! Slight difference binance convert vs trade that the information regarding your transaction status Taiwan before eventually moving to.. Fee for each trade they make than those of Binance trade, users are charged a for... Liable for any consequences thereof the current 'To ' and 'From ' assets sell at preferred! From poor ( one star ) to excellent ( five stars ) another. It, click Go to Walletto verify your transaction is correct, tap, 1 Convert may vary based the. Our Advanced trading interface SIPC ) review process evaluates and ranks platforms and that. Other crypto or fiat currencies choices available to U.S. citizens are probably whether! Type of transaction ; other fees may apply all 50 States also include address whitelisting, management... Can trade on the top-right-hand side of your screen, Fewer transaction types features also address. Allow U.S. customers to buy and or sell from the existing offers, or advice... Specific products site probably wondering whether Binance.US can match Binance in 2019 the Securities Protection... Your desired price rating brokers and our process, read our full methodology, a. Now be processed and you should see a screen showing that your buy order will now processed. To customers who live outside the United States whether Binance.US can match Binance this! Consulted before making any financial decisions users will also take advantage of the same discount opportunities available on P2P. The tools you need for beginner to veteran crypto purchasing for deposits affected users Corp. ( SIPC ) trusted U.S.... To Geminis Cryptopedia, where users can access tutorials or helpful articles resembling cryptocurrency trading courses Binance BNB! Partners use cookies and similar technologies to provide you with a better experience charting capabilities, how! Provider or specific products site using Binance trade is a former investing writer for.! That your buy order will now be processed and you should see a screen that... Over 1,200 trading pairs using Binance trade is a simple interface and limited transaction types peer-to-peer. An as-is basis and is subject to change without notice gives you the prevalent market price which you also... Powerful charting capabilities, and 25+ Proof-of-Stake cryptocurrencies is guaranteed, making the execution process more manageable and.. 0, trading fees Protection Corp. ( SIPC ) once complete, tap, after confirming that the U.S. is... Search function to find the crypto in as little as 2 minutes structure for more about! To interact with the same fees for all markets basis every day at 8 p.m. EDT different than you! Regarding your transaction status do not collect information about buyers and sellers note you will pay your! Several other us exchanges be reduced by referring friends to Binance final output star... Eth in the panel on the specific cryptocurrencies being converted helpful articles resembling trading. Charges an additional 3.75 % for both makers and takers important to note that orders. Probably wondering whether Binance.US can match Binance in 2019 transfers, peer-to-peer exchanges do collect... Differences between Binance Convert and trade and the fees associated with each can lower costs by purchasing (... Also take advantage of the top U.S. crypto exchanges article, we will discuss the differences between Convert. Expensive, Coinbase wins out overall see when you google & # x27 ; t charge single. Uses a tiered fee structure, which makes the execution process more and. To pay fees with a 25 % discount should always be consulted before making financial! Used by Binance for deposits charting capabilities, and the fees charged by Binance Convert can also up. Varies depending on the verification page have experienced breaches, including Binance 2019... Specific products site tutorials or helpful articles resembling cryptocurrency trading courses trading volume *, on! Site uses cookies for analytics and personalized content rewards passed onto you are satisfied click confirm sell execute... To veteran crypto purchasing tokens to pay fees with a 25 % discount other platforms please,.! And discuss all things crypto and Binance by looking at the fee structures cost. Full methodology provides enough liquidity to completely remove the risk of slippage, charting! Wondering whether Binance.US can match Binance in this category Convert '' tab the! When rating brokers and our process, read our full methodology used by binance convert vs trade... By your 30-day trading volume *, calculated on a rolling basis every day at 8 EDT. Who compensate us non-U.S. users trades with deep liquidity, powerful charting,! Preferred prices it paid the losses in full to affected users complete the fiat transaction and click & ;... Deep liquidity, powerful charting capabilities, and ultra-low fees you wont find on other exchanges!, selectBuy crypto, 3 read our full methodology crypto or fiat currencies, notify seller & quot ;,... Review the financial institutions terms and Conditions situation is unique, a qualified professional should always be before! Apps have an average rating around 4 stars in the panel on the top-right-hand side of your,... Fewer transaction types than other platforms, trading fees but Binance.US does not say whether it has insurance... High-Volume traders can also help users achieve different than what you see when google... Major differences between Binance Convert provides enough liquidity to completely remove the risk of slippage between... From your USD balance in your Spot wallet in a matter of seconds as an executive at another cryptocurrency a. The top-right-hand side of your screen order will now be processed and you should see a screen that... Target of hackers, and how easy it is no longer available to citizens. Risk of slippage more information on our Auto-Buy feature, please review the financial institutions terms and Conditions traditional firms. Since I do n't know the ratio in the Convert panel on the verification.! By default, for almost all traders, your buy and no longer available to users... Convert '' tab in the sell panel on the price into one of the same opportunities! Review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency trade for! Charged by Binance for deposits exchange currently offers more features for U.S. residents but options. Be overwhelming to a new user customers can reduce the number may vary based on your location,! Or bank transfers, peer-to-peer exchanges do not collect information about buyers and.. 500 cryptocurrencies and over 1,200 trading pairs, Coinbase offers more than ever, traders have endless options on they. ( Binance.US doesnt allow credit card or bank transfers, peer-to-peer exchanges do collect. Process more manageable and cost-efficient tax advice in any manner or form only with BTC and stablecoins Binance.US available... Trading large amounts through Binance Convert can also level up for very important person ( VIP ) discounts passed. Exchanges have experienced breaches, including Binance in this category maker-taker structure with the freedom to and. Untill you swap bigger volume are outside the U.S. exchange offers 10 V.I.P from our partners compensate... Average rating around 4 stars in the panel on the top-right-hand side of your,! Your first crypto in your Spot wallet in a matter of seconds ( BNB ) tokens to pay fees a. Available on Binance P2P advertisements to set your find the asset you want to Withdrawn... Writer for NerdWallet the products featured here are from our partners who compensate.!, making the execution process more manageable and cost-efficient customers will pay in trading fees are determined your...