![]() In November 2023, Zhao pleaded guilty to anti-money laundering violation charges and is set to pay $4 billion in fines. The SEC is also charging Binance and Zhao with inflating trading prices and "wash trading," or trading with themselves in order to ramp up crypto prices artificially. Doesn't offer margin trading or futuresīinance doesn't currently have a profile with the Better Business Bureau as the company is currently under review. The BBB grade ratings usually range from A+ to F, and the bureau says it also considers a number of other factors when evaluating companies.īinance and its CEO Changepeng Zhao were under investigation by the SEC following 13 charges for allegedly allowing US customers to trade with Binance's unregulated intentional exchanges.Low minimum requirements and trading fees.People wanting to trade other assets like stocks, ETFs, or commodities can check out other popular investment apps. Investors may also want to consider a more trustworthy cryptocurrency exchange with a higher ethics rating. Moreover, the platform doesn't offer margin trading or futures. Beginners may struggle with Binance.US's lack of educational resources. Is Binance.US Right for You?īinance.US may be a good option for crypto-focused investors wanting easy access to the cryptocurrency market, staking rewards, and low trading fees. If you don't think Binance.US is right for you - or the platform isn't available in your area - you can check out Insider's list of the best investment apps for a Binance.US alternative. It also offers fewer types of crypto than its parent platform, Binance, which it officially split from in 2019. In addition, unlike exchanges like Kraken, Binance.US doesn't offer margin trading accounts or futures trading. In 2022, the platform was launched in Louisiana, American Samoa, and Guam. You currently can't use Binance.US if you live in Hawaii, Texas, New York, or Vermont resident. However, there are some notable limitations. It offers crypto trading pairs (virtual assets that traders can exchange for each other), spot trading, staking rewards, secure storage, over-the-counter (OTC) trading, and more. Similar to some of the best cryptocurrency exchanges out there, it is a secure investing platform with an accessible interface, low fees, and market access. The investment platform currently supports bitcoin, dogecoin, ether, and more than 150 other popular cryptocurrencies. About Binance.USīinance is an online cryptocurrency marketplace offering trading digital coins and tokens. But Changepeng Zhao, the CEO, recently pleaded guilty to anti-money laundering violation charges. The exchange is also a strong option for traders who want to profit from crypto trading pairs and over-the-counter trading. ![]() It's best suited for investors and institutions primarily looking to invest in cryptocurrencies (with more than 150 supported digital assets). Bottom line: Binance.US is one of the best dogecoin crypto apps for peer-to-peer trading. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.
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