There are four main paths to do this: Buy Cryptocurrency, Basic, Advanced and OTC.įor Buy Cryptocurrency, the design is bright and clear, and you can swiftly select which digital coin you wish to buy and how you’d like to pay. Just as with other popular exchanges, Binance.US makes it easy to buy and sell cryptocurrency. That’s about $1,700 more than if you had invested with Coinbase. For instance, if you invested $100 a month in Bitcoin for 20 years using Binance.US and receive a 10% annual return, you’ll end up with almost $68,390 after fees. Fees are also lower when you use the platform’s proprietary BNB coin to pay for transactions.Īs any fan of Vanguard and Jack Bogle understand, fees have a big impact on your total return. For instance, those with a 30-day trading volume greater than $50,000, but less than $100,000, would pay 0.09%. The spot trading fee is lower the more you trade. For instant buy/sell trades, it charges 0.50%. One reason Forbes Advisor ranked Binance.US highly, on the other hand, is because it charges relatively low fees.īinance.US charges a 0.10% spot trading fee (compared to CoinbasePro’s 0.50% and even more for regular Coinbase). While Robinhood helped usher in the era of commission-free trading in stocks, exchanges like Coinbase impose a high cost on investors. What they don’t quite appreciate, at least as much, are the fees many exchanges charge that slowly erode their potential returns.
With comparatively low fees, a wide range of popular cryptocurrencies available to trade and an intuitive platform, it’s not hard to see why Binance.US has become so popular so quickly. investors can’t tap into the global super exchange, they can access Binance through its San Francisco-based domestic outpost Binance.US, which, despite being targeted toward American users, is still among the top 10 crypto exchanges in the world, according to. While Coinbase and Robinhood have garnered headline after headline this year, for reasons both good and less than ideal, it is Cayman Islands-based Binance that is the world’s dominant cryptocurrency exchange.