Binance.US review
Binance.US is the American affiliate of the global Binance exchange, operated since 2019 by BAM Trading Services as a separate company under its own licenses; the global platform we review separately does not serve US residents at all. On price nothing in the US comes close: spot trading costs 0% maker and 0.02% taker on most pairs for every user, with a further discount for paying fees in BNB, and ACH deposits and withdrawals are free.
The history needs stating plainly. The SEC sued Binance, its founder, and BAM Trading in June 2023, and banking partners pulled back, forcing Binance.US to run crypto-only for nearly two years while its market share collapsed. The case was dismissed with prejudice in May 2025, and USD services returned in February 2025 with free ACH transfers, followed by wire deposits and withdrawals. The rebuilt platform works, but its liquidity and product depth remain thinner than Coinbase, Kraken, or Gemini.
Coverage is the other catch. Binance.US does not accept residents of twelve states: Alaska, Connecticut, Georgia, Maine, New York, North Carolina, North Dakota, Ohio, Oregon, Texas, Vermont, and Washington. In Kansas and Wisconsin it operates crypto-only, with no USD deposits or bank linking at all. If it serves your state and you care mostly about fees, it is the cheapest venue in the country; if you want the deepest books or the widest funding options, it is not.
- Founded
- 2019
- Fees
- Spot trading costs 0% maker and 0.02% taker on most pairs for every user, with a further discount for paying fees in BNB. ACH deposits and withdrawals are free; wires carry bank-side costs.
- KYC
- Required
- Payment methods
- ACH transfer, Wire transfer
- Status
- Operating
How you can pay on Binance.US
Every deposit rail Binance.US supports in at least one market. Which of them you can use depends on your country; the country guides below list the exact methods per market.
- ACH (United States)
- ACH transfer
- International wire
- Wire transfer
As published by Binance.US: ACH transfer, Wire transfer, Crypto deposit.
Pros and cons
What works
- The lowest spot fees of any US exchange we track: 0% maker and 0.02% taker for every user
- Free ACH deposits and withdrawals since USD services returned in February 2025
- The 2023 SEC lawsuit ended in a dismissal with prejudice in May 2025
What to watch
- Not available in twelve states, including New York, Texas, and Washington
- Crypto-only in Kansas and Wisconsin: no USD deposits, withdrawals, or bank linking there
- Liquidity and product depth remain thinner than the biggest US venues after the 2023 to 2024 contraction
- No debit card purchases on the platform itself; card funding routes through third-party providers
Fees in detail
- maker
- 0% on every spot pair for every user
- taker
- 0.02% on most spot pairs, 0.01% on select pairs, with a BNB payment discount on top
- spread note
- The Buy Crypto and Top Up flows route through third-party payment providers whose own pricing applies; the quoted maker and taker rates are for spot orders.
- deposit note
- ACH deposits are free; wire deposits are supported. In Kansas and Wisconsin no USD deposits are available at all.
- withdrawal note
- ACH withdrawals are free; wire withdrawals carry a minimum amount and bank-side fees.
Where we recommend Binance.US
Countries where Binance.US ranks in our local guide. Availability beyond these is possible but unverified by us.
United StatesFrequently asked questions
Is Binance.US the same as Binance?
No. Binance.US is operated by BAM Trading Services, a separate American company running under US state licenses. The global Binance exchange does not accept US residents, which is why the two are reviewed separately here.
Which states can I not use Binance.US in?
Twelve states are excluded: Alaska, Connecticut, Georgia, Maine, New York, North Carolina, North Dakota, Ohio, Oregon, Texas, Vermont, and Washington. Kansas and Wisconsin are served crypto-only, with no USD deposits or bank linking.
What happened with the SEC lawsuit?
The SEC sued Binance, its founder, and BAM Trading in June 2023, which cost Binance.US its banking rails and most of its volume. The case was dismissed with prejudice in May 2025, and USD services had already returned that February.
Can I deposit dollars on Binance.US?
Yes, in the states it serves fully: ACH deposits and withdrawals are free, and wire transfers are supported. The exceptions are Kansas and Wisconsin, where the platform is crypto-only and dollars cannot be deposited at all.