Binance US Review 2025: Is It a Reliable Exchange for Traders?
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GNCrypto editors review services independently. If you click on affiliate links, we may earn commissions, which help support our testing. The goal of our reviews is to provide our readers with the most objective and unbiased overviews of available platforms for spot crypto trading.
Binance US
If you’re a U.S. trader, Binance.US gives you low spot fees and a familiar advanced interface, but its thinner order books and USDT-heavy pairs mean your trades won’t feel as smooth as on the biggest U.S. exchanges.
The Bottom Line
Binance.US is a low-cost, U.S.-regulated platform suited to fee-conscious spot traders. In testing, the interface was fast and the Pro view offered solid depth and charts. Base fees are low, with BNB and volume discounts, though liquidity is thinner than on global Binance. Asset coverage focuses on majors and varies by state. It’s strong for low-fee spot trading but less ideal for deep liquidity or broad coin access.
- Low, promo-style spot fees
- Good coin selection for U.S. users
- Easy USD deposits/withdrawals
- Orders can execute slower due to low volume
- Limited USD liquidity across markets
Key Features
Binance US launched to serve American users under strict regulation – it offers spot-trading access to major tokens but omits many advanced features of its global sibling.
If you want low trading costs on a U.S.-registered platform and you are okay trading mostly against USDT on thinner books, Binance.US still works. In our mystery-shop test, it delivered the Binance-style advanced interface, very low effective cost on supported pairs, and a broad list of coins for the U.S. market. The drawback is volume: compared to the largest U.S. exchange, Binance.US processes only around $20–25M in daily spot volume, so depth is limited and some orders will feel slower than on Coinbase or Kraken. That single fact holds its overall spot score back.
We signed up for Binance.US and put $200 through spot orders to see how it performs. Our review looked at effective fees, available cryptocurrencies, overall UX, and other essentials for the average investor.
Binance and Binance US – What’s the Difference
When people type “Binance.US review,” they often think of the global exchange with thousands of pairs, futures, copy-trading, earn, launchpools, and the deepest spot books in the market. That is Binance.com – the international platform.
Binance.US is a U.S.-registered, U.S.-limited version of that idea, operated separately (BAM Trading) to comply with American rules. On paper, they share a brand. In day-to-day trading, they are two very different liquidity environments.
Binance.US – Pros and Cons
We analyzed Binance.US for liquidity and volume. The Binance.US review currently shows roughly $22–23M daily spot turnover, with about 156 coins and 254 pairs available to U.S. users. That is a large market coverage for a U.S. venue, but the turnover is far below the multi-billion figures of top U.S. exchanges. This is the main nuance a spot trader should know.
Strengths:
- Low or promo-level spot fees on selected pairs; transparent schedule.
- Broad asset list for a U.S. exchange (≈156 coins, 254 pairs).
- Advanced order screen with limit/market/stop(-limit), depth and charts.
- USD on/off (ACH back), low minimum buys from $1.
Weaknesses:
- Daily spot volume is low compared to the biggest U.S. venues; some books are thin.
- USD pairs are fewer than USDT pairs; you often end up trading against USDT.
- Does not lead with routine, auditor-backed proof-of-reserves for U.S. users.
Trustworthiness Check
In June 2023, the SEC filed a civil enforcement action against Binance Holdings Ltd., BAM Trading Services Inc. (Binance.US), BAM Management US Holdings Inc., and Changpeng Zhao, alleging operation of unregistered platforms and misrepresentations about controls on Binance.US. Official complaint (U.S. District Court, D.D.C., 1:23-cv-01599).
Soon after filing, the SEC sought protective relief to ensure U.S. customer assets stayed under U.S. control; this was reflected in the stipulated order on custody/keys and related filings.
On May 29, 2025, the SEC and the Binance defendants filed a joint stipulation to dismiss the civil enforcement action with prejudice in the same case (1:23-cv-01599, D.D.C.). That is the official end of the 2023 suit.
Even after the dismissal, public orderbook data for Binance.US showed daily spot volume staying around the mid–$20M level, well below pre-2023 levels, so we kept our 2025 liquidity score modest. (Public SEC filings do not track exchange volume; this observation comes from exchange/market data, not from the court docket.)
GNCrypto’s Overall Binance.US Rating
| Criteria | Rating (out of 5) |
|---|---|
| Liquidity & Volume | 2 |
| Fees & Cost to Trade | 4 |
| Asset Selection & Tools | 5 |
| Reliability & Transparency | 3 |
| Security | 5 |
| Customer Support | 3 |
Methodology – Why You Should Trust Us
We use a weighted, category-based model, collect standardized data from each platform (open data plus hands-on testing), and convert that into a 1.0–5.0 star score in 0.1 increments.
Our focus is around spot trading quality. We evaluate real fees, minimum trade size, crypto availability, customer-facing experience and other features that matter most to the average investor.
How We Collect Data
– Public data: fee schedules, supported pairs, status/incident pages and regulatory announcements.
– First-hand testing: we place test trades (in this case, $200), measure slippage and spreads, and check UI features and speed.
We do not rate solvency or make any guarantees about financial stability. Our ratings reflect user experience rather than solvency.
Categories & Weights
– Liquidity & Volume – 25%
– Fees & Total Cost to Trade – 25%
– Asset Selection & Trading Pairs – 15%
– Execution Quality (Market Quality) – 10%
– Tools & Order Controls – 10%
– Fiat Access & Minimum Trade Size – 5%
– Reliability & Transparency – 10%
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