Binance vs. Binance.US

Binance (global, “Binance.com”)

• Serves many countries, but not the United States and certain other restricted jurisdictions.

• Product availability varies by region (e.g., derivatives and some Earn products may be limited).

Binance.US (separate U.S. platform)

• Operated as Binance.US (BAM Trading Services Inc.), with its own product set, fees, and state-by-state availability.

• Promotes ACH USD deposits/withdrawals with zero fees (per its homepage).

• Not available in all states/territories; Binance.US publishes a supported/unsupported list.

Important: I will not advise “workarounds” (VPN, false residency, etc.). Those typically violate terms and can lead to freezes/closures.

---

Availability, sanctions, and restricted jurisdictions

Jurisdictions Binance explicitly restricts in current public communications

A Binance announcement dated 2026-01-05 lists countries/regions whose residents cannot trade certain spot pairs, including:

• Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, the United States (and U.S. territories), and any non-government controlled areas of Ukraine.

“Sanctioned jurisdictions” commonly referenced in U.S. enforcement documents

An OFAC settlement document (2023) describes Binance identifying users located in:

• Iran, Syria, North Korea, Crimea region of Ukraine, Cuba, Donetsk People’s Republic, Luhansk People’s Republic.

Practical takeaway:

• If you’re in (or a resident of) Cuba, Iran, North Korea, Syria, Crimea, or other non-government controlled Ukrainian regions, you should assume you cannot use Binance.

• Even outside those places, some products may be blocked depending on local regulation and Binance’s internal eligibility rules.

---

KYC and account requirements

Binance generally requires:

• Identity verification (KYC) for most meaningful functionality (trading eligibility, fiat purchases, higher limits).

• 2FA enabled before certain actions like buying crypto with fiat.

On Binance, the fiat purchase FAQ explicitly states you must enable 2FA and complete Identity Verification before purchasing crypto with fiat.

---

Deposits, supported fiat, and funding methods

Funding methods (high-level)

Binance commonly supports:

• Crypto deposits (onchain transfers to your deposit address)

• Bank transfers (region-dependent rails like SEPA / SEPA Instant in parts of Europe; FPS in the UK; SWIFT for USD in some flows)

• Debit/credit cards (availability varies)

• P2P (buy/sell crypto with other users via local payment methods + escrow)

• Third-party providers / gateways (varies by country)

Binance’s fiat deposit landing page states you can start trading by depositing from 35 available fiat currencies and 32 payment methods (availability depends on your region/account).

Bank transfer examples (published conditions)

• EUR/GBP via SEPA / FPS: Binance notes SEPA/FPS support deposits/withdrawals from personal accounts and warns not to transfer below 2.00 EUR/GBP (or it may not be credited/returned after fees).

• EUR deposit options page (example locale) shows SEPA transfer / SEPA Instant, with listed processing times and a displayed fee value in the UI for that flow.

Fiat currencies: what’s actually “supported”

Binance does not provide a single static global list in one place because fiat options are regional. What you can do reliably:

• Binance’s fiat purchase FAQ (updated 2025-12-10) says it supports many fiat currencies, explicitly naming USD, EUR, RUB, TRY, UAH, KZT, INR, and more.

• Some Binance “fiat deposit” pages (example locale) show a smaller list in the UI such as USD, EUR, AUD, HKD, KZT, NOK, PEN, RUB, TRY, UAH, UGX.

Best practice: treat the in-account “Fiat Deposit” screen as the authoritative list for your profile, because it’s dynamically filtered by country, banking partners, and compliance rules.

---

Full catalog of Binance services (concise, with conditions)

Trading and conversion

Spot trading

• Buy/sell crypto on the order book.

• Access depends on region and verification status.

Convert

• Instant swap tool that quotes you a final amount.

• Binance’s Convert FAQ states pricing does not include traditional trading fees; the previewed quote is what you receive (quote is dynamic).

• Promotions may apply special referral mechanics; one Convert referral campaign (Jan 2026) used a hypothetical 0.1% fee only to compute rewards, while stating Convert trades “do not actually incur any trading fees.”

Margin

• Borrow to trade with leverage (availability depends on region and risk checks).

• API access exists for margin trading.

Futures and options

• Derivatives are highly jurisdiction-dependent and may be unavailable in many locations.

• Binance provides API connectivity for futures and options where permitted.

OTC and institutional/VIP services

• Binance advertises institutional/VIP services and OTC access for eligible clients (higher limits, fee advantages, account structures).

APIs, test environments, and market data

• Binance API page states API trading access across spot/margin/futures/options (where permitted), plus docs, sample code, and test environments (Spot Testnet / Demo).

• Historical market data is also surfaced as a dedicated service entry.

---

Automation and strategy tools

Trading Bots

Binance lists multiple bot types, including:

• Spot Grid, Futures Grid

• Arbitrage Bot (delta-neutral / funding-fee style concept)

• Rebalancing Bot

• Spot DCA

• Execution algos such as TWAP and others

Conditions:

• Some bot services or pairs may be region-restricted.

---

Copy trading

Spot Copy Trading

Binance’s Spot Copy Trading FAQ states copy traders share with lead traders:

• 10% profit share from copy trades

• 10% commission from trading fees

Futures Copy Trading

Binance’s Futures Copy Trading info for lead traders states:

• Up to 30% profit share from copy traders’ earnings

• 10% commission on copy traders’ trading fees

Conditions:

• Copy trading availability depends on region and whether futures are permitted.

---

Earn, staking, and structured products

Simple Earn

Binance describes Simple Earn as deposits into:

• Flexible products (subscribe anytime; rewards accrue frequently)

• Locked products (fixed term; rewards distributed daily)

ETH Staking

ETH staking is listed as a core product entry in Binance’s product navigation.

Launchpool

Launchpool appears as a core product entry (earn new tokens by allocating eligible assets).

Auto-Invest

Auto-Invest is listed as a product entry and is also referenced in Binance’s bot/academy ecosystem.

Dual Investment

Binance offers Dual Investment as an advanced earn product with settlement-based returns mechanics.

Conditions for Earn products:

• Asset eligibility and product access vary by region and user status.

---

P2P trading and merchant programs

Binance P2P

• Users buy/sell crypto with other users using local payment methods.

• Crypto is held in escrow during the order; disputes can be escalated via an appeal flow.

P2P Merchant / P2Pro Merchant applications

Binance lists merchant application programs (business-side access).

---

Payments and consumer utilities

Binance Pay

Binance lists Pay / Crypto Payments as product entries.

Gift Card

Binance lists Gift Card as a product entry.

Card

Binance lists Card as a product entry; availability is regional and changes over time.

---

Web3 / DEX access (Binance Wallet + onchain swaps)

Binance promotes a “Web3 wallet” concept that bridges CeFi and DeFi, including:

• Quick transfers between exchange and wallet

• Token swaps, including cross-chain swaps (quoted as “best…” pricing in marketing copy)

Important notes:

• Onchain swaps are not the same as “Binance.com spot trading.” They are typically routed through decentralized liquidity venues on supported chains, with separate network fees and onchain risks.

---

NFTs and ecosystem

Binance lists NFT as a product entry in its navigation.

---

Programs: referral, affiliate, bug bounty, whistleblower

Referral Program (two modes)

Referral Lite

Binance’s Referral FAQ describes a one-time reward structure where:

• The invited friend must make a crypto purchase worth more than 50 USD within 14 days of registration

• Both parties can receive up to 100 USD equivalent in trading fee rebate voucher (one-time).

Referral Pro

Binance’s Referral FAQ describes:

• Ongoing commission from trading fees paid by referred users on Spot, Margin, and Futures (where available).
  It also states Binance discontinued a commission structure based on BNB holdings effective 2025-09-09, moving to a performance-based structure.

Affiliate Program

Binance’s affiliate page promotes an enhanced referral/affiliate approach with commission rates up to 50% (marketing claim; actual rate depends on your affiliate tier and terms).

Bug bounty

Binance runs a bug bounty program via Bugcrowd; the program description notes exceptionally severe issues may be rewarded up to $100,000.

Whistleblower / listing integrity bounty

Reporting indicates Binance offered up to $5 million to whistleblowers who provide valid information about fake listing agents / solicitation scams.

---

Security and account protection

Binance security posture is a mix of platform controls plus user-configured protections.

Key user-facing controls include:

• 2FA requirement for certain operations (e.g., fiat purchases).

• Other layered controls (device-based authentication, withdrawal protections, anti-phishing) exist on Binance, but the exact set and naming can vary by region/app version.

For transparency, Binance provides Proof of Reserves as a listed service entry.

---

What U.S. users can and cannot do

Can U.S. users use Binance.com?

Generally no (U.S. is listed among restricted places in Binance eligibility communications).

The compliant path: Binance.US (where available)

U.S. users who want “Binance-branded” access typically must use Binance.US, subject to state availability:

• Supported and unsupported state list is published (e.g., New York is listed as unsupported; many other states are supported).

• Binance.US promotes ACH deposit/withdrawals with zero fees.

• Binance.US fee page describes a tiering approach including 0% maker fees on Tier 0 pairs and a staking rewards service fee range.

If Binance.US is not available in a user’s state

The legitimate options are:

• Use another exchange that is licensed/available in that state, or

• Use self-custody and onchain services where legally permitted (with full understanding of DeFi risks).

---

One practical “how to verify everything for your situation”

Because Binance is heavily regionalized, the fastest way to avoid outdated assumptions is:

1. Check your account’s country of residence setting and verification status.

2. Open Fiat Deposit to see the exact fiat currencies and payment rails enabled for you.

3. Open each product tab (Earn, P2P, Bots, Copy Trading, Derivatives) to confirm eligibility messages for your region.

FAQ

Is Binance legal and available everywhere?

No. Binance availability depends on country laws and Binance’s own eligibility rules. Some jurisdictions are restricted entirely, and many products (especially derivatives) are blocked in certain countries.

Can U.S. users use Binance.com?

Generally no. U.S. residents should use Binance.US (where supported) or another compliant provider available in their state.

If Binance.US isn’t available in my state, what can I do?

Use a compliant exchange that serves your state, or consider self-custody/onchain services where legal and appropriate. Avoid “workarounds” that violate terms.

What services are most often restricted by region?

Derivatives (futures/options), some Earn products, and certain fiat rails are the most commonly restricted or altered depending on regulation.

Does Binance require KYC?

In practice, yes for most meaningful use. Expect ID + selfie/liveness checks, and sometimes proof of address depending on region and limits.

What are the main ways to fund a Binance account?

Crypto deposits, bank transfer (region-dependent), card purchase (where supported), P2P trading (escrow), and third-party payment providers (region-dependent).

Which fiat currencies can I deposit?

Fiat availability is region-dependent. Many major currencies are supported in various places, but the definitive list is what your “Fiat Deposit” / “Buy Crypto” screen shows for your country and verification status.

What’s the difference between Spot trading and Convert?

Spot uses the order book (you control limit/market orders and price execution). Convert provides an instant quoted swap—simple, but the quote can embed spread/price impact.

What is Binance P2P and is it safe?

P2P is peer-to-peer trading with escrow. It can be safe if you follow platform rules, use reputable counterparties, and avoid off-platform communication. Disputes can take time.

What is Copy Trading on Binance?

Copy Trading lets you replicate positions of lead traders (Spot and, where permitted, Futures). Fees/profit share can apply, and performance is not guaranteed.

Does Binance offer a DEX?

Binance is primarily a centralized exchange, but it offers Web3 wallet/onchain swap features that can route trades through decentralized liquidity. Those swaps carry onchain risks and network fees.

How do I secure my Binance account?

Use strong 2FA, passkeys/security keys if possible, withdrawal whitelisting, anti-phishing code, and device/login monitoring. Most successful attacks are phishing or SIM-swap related—defense is mostly on the user side.