Then, tap the right 'To' cryptocurrency to select the asset you would like to convert to. Our partners compensate us. As of early 2021, the number of cryptocurrencies on Binance.US stood at just 53, while the original version of the platform supports over 200 different coins. Binance Convert is a quick and easy way to convert one cryptocurrency to another, while Binance Trade offers more advanced trading features for users looking to make a profit by trading cryptocurrencies. We pledge to apply the lowest P2P transaction fees for all markets. 1. 5,660+. Before company founder Changpeng Zhao started Binance in China in 2017, he developed a software system for matching orders for high-speed traders. Two of the most popular services offered by Binance are the Convert and Trade features. So I am new in learning the crypto market and I feel, though this is a good place to start huge variety of tokens to choose from. why should i use one over another?? Learn more. If you click on links we provide, we may receive compensation. "Cryptocurrency Tax Reporting 101. Other fees may apply. Margin. 6. Alternatively, you can select ' Markets ' (left of 'Trade') and click ' Trade ' to the right of your desired trading pair (the currencies that you will trade between). On June 27, 2021, the Financial Conduct Authority (the U.K.s financial watchdog) banned Binance Markets Ltd, an affiliate of Binance, from operating in the United Kingdom. Tap the Buy & Sell button on the bottom of your screen, 2. Binance is legal in the U.S. Of course, to diversify, a customer needs to be able to trade a wide variety of altcoins. Binance provides the Binance Academy, similar to Geminis Cryptopedia, where users can access tutorials or helpful articles resembling cryptocurrency trading courses. NerdWallet's ratings are determined by our editorial team. Binance Convert connects users with different liquidity providers that are ready to provide a quotation in many token pairs. Do not sell or share my personal information. Binance Convert provides an easy way to convert Coin A to Coin B. Your sell order will now be processed and you should see a screen showing that your sell was successful. Although small traders wont make much of an impact on either exchange, all else being equal, most traders would prefer to trade against the larger book rather than, the smaller one. Coinbase wins for ease of use, and also has better customer service options, including live chat, phone support, and the option to submit a ticket. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Binance.US shall not be liable for any consequences thereof. (Academy) What Are Liquidity Pools in DeFi and How Do They Work? Binance.US uses a few factors to determine spot trading fees, but in general, even casual users will be able to trade Bitcoin for free. Select the cryptocurrencies you would like to purchase from the drop-down menu. If you do not see this message, please wait another few moments before retrying this transaction. However, for almost all traders, that wont make a difference. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Despite its size and name recognition, Binance has had issues with regulators. We don't charge a single trading fee from any trade you conduct on Binance Convert. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Convert just swaps the currency and spot trading- Is where you can trade assets with other traders in real-time. Last time I tried to look it was similar to trade commission. The fees associated with Binance Convert are lower than those of Binance Trade, but the potential for profit is also lower. The good news for U.S. customers is that Binance.US does offer the same low trading fees that Binance does. Click on the "Sell" tab in the panel on the top-right-hand side of your screen. iOS app highly rated, while Android app earns lower rated reviews. Crypto selection: While it doesnt offer as many cryptocurrencies and crypto-to-crypto trading pairs as its parent company, the selection of more than 125 cryptocurrencies at Binance.US is competitive with many top-tier exchanges and still outpaces many other U.S. exchanges. That would mean they would have an account at a EU bank and . Here is a list of our partners. levels, whereas the international platform only has 9 V.I.P. One of the largest crypto exchanges in the world - Binance helps millions of crypto investors buy, sell, and trade crypto every day. Binance and Coinbase both offer many cryptocurrency pairs, but the number may vary based on your location. As you can see in the image below, the volume traded on Binance is significantly higher than its closest competitors, Huobi and Okex. Different cryptocurrencies cost different amounts to trade. Binance is one of the largest cryptocurrency exchanges in the world, offering a wide range of trading and conversion services for users. If you are outside the U.S., you can trade on the main exchange. Zhaos background includes developing high-frequency trading software and working as an executive at another cryptocurrency exchange, OKCoin. Kevin Voigt is a former staff writer for NerdWallet covering investing. Accessibility: Binance.US isnt available in all 50 states. You can then choose to add a new payment method, or select from previously added methods. Global parent company Binance has run into regulatory issues and controversy in some countries, moving operations from China to Japan; at a May 2020 tech conference, founder Changpeng Zhao claimed the parent company doesnt have a headquarters because Bitcoin doesnt have an office., Trading and transaction fees: 4.5 out of 5 stars, Number of cryptocurrencies: 5 out of 5 stars, Crypto-to-crypto trading pairs: 4.5 out of 5 stars, Unlike stock brokerages, cryptocurrency exchanges such as Binance.US are not covered by the, Securities Investor Protection Corporation. Brian Brooks is a former Coinbase executive who also served as Donald Trumps Acting Comptroller of the Currency. As a buyer, you can purchase an asset with fiat or another cryptocurrency from a seller. Get your Crypto Once the seller confirms receipt of money, the escrowed crypto will be released to you. Once you see it, Click Go To Wallet to verify your transaction status. The future certainly looks bright for Binance. Both options have their benefits and drawbacks, and it is essential to If customers pay trading fees with Binances native token, B.N.B., the fees will be reduced by 25%. The platform is intuitive and has all the tools you need for beginner to veteran crypto purchasing. Crypto would recover eventually, and life would go on. Binance.US does not say whether it carries insurance on customer assets. Because they are both completely different things. The instructions for this are explained on the verification page. The currencies each firm offers vary. A message should show up stating "Purchase in Progress" as we process the transaction. Here is a list of our partners and here's how we make money. Binance.US offers the purchase and sale of about 125 cryptocurrencies. Binance has a complex fee structure that varies based on what asset you're trading, how you're paying and how much you trade. BNB had some security concerns in the fall of 2022, thanks to hack that led to a loss valued at about $570 million. Bank transfer and 100+ options. Once complete, tap, After confirming that the information regarding your transaction is correct, tap, 1. After confirming that the information regarding your conversion is correct, tap, 5. You can even refresh the quote if it doesnt suit your needs. Scroll down or use the search function to find the asset you would like to sell and tap on its name, Note: If you cannot find your desired cryptocurrency in this menu, but you hold it in your Binance.US wallet, please use the regular Binance.US trade screen, 4. It declared that it doesnt have a headquarters because Bitcoin doesnt have a central headquarters. The only slight difference is that the U.S. exchange offers 10 V.I.P. Since Binance doesnt allow for U.S. Dollar deposits and trading, most of the volume on the exchange occurs against stablecoin pairs such as ETH/USDT and BTC/BUSD (BUSD is Binances native stablecoin). 7. The buy/sell spread is the cost. Required fields are marked *. Unlike stock brokerages, cryptocurrency exchanges such as Binance.US are not covered by the Securities Investor Protection Corporation, which protects investors up to $500,000 in total cash and securities loss in case of a brokerage failure, unauthorized trading or theft. levels. For other . Why Cant I Log in to My Binance.US Account. However, this does not influence our evaluations. BNB has some utility on Binance.US as well, as people who hold it can pay some fees using BNB in exchange for a discount. Since I don't know the ratio in the convert I'm always a bit sus about it. Learn the basics so you can invest with confidence. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. and refers a friend, the most they will end up paying in trading fees is 0.06% for each trade. Skip the fancy tools and get your preferred cryptocurrency fee-free in the correct amount, whether youre a casual retail user or a long-time crypto trader. Bank wire deposits are free, and wire withdrawals cost $10 to $15. Save my name, email, and website in this browser for the next time I comment. How to Use Coinbase: Review & Full Guide Of 2023 For Crypto Traders. That is one of the best deals in all of crypto. For more information on our Auto-Buy feature, please see here. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Please refer to our Terms of Use for more information.Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. Read the following helpful articles for more information: (Blog) Making a Big Trade? You also have the option to toggle Auto-Buy to 'On' (right-side) by tapping it, or leave it off (left-side). It is important to note that fees for trading on Binance can vary depending on the specific cryptocurrency being traded. However, when it comes to CEXs, Binance is likely the first name that comes to mind. Additionally, there are a few ways in which customers can reduce the number of fees they pay when they sell/buy crypto. The second-way fees can be reduced by referring friends to Binance. Binance is primarily known for its low fees and large amounts of liquidity as well as offer many features within its platform such as spot trading, futures trading, crypto wallet and other advanced tradings. But Bitcoin trades are generally free. The Spread is how no commission brokers make $ Binance uses a tiered fee structure, which means that the more a user trades, the lower their fees will be. .css-1lvj3h1{box-sizing:border-box;margin:0;min-width:0;-webkit-transition:box-shadow 0.1s ease-in;transition:box-shadow 0.1s ease-in;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;margin:auto;border-radius:8px;overflow:hidden;max-width:100%;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;}.css-1lvj3h1:hover{box-shadow:0px 0px 1px rgba(24,26,32,0.1),0px 16px 32px rgba(71,77,87,0.16),0px 8px 16px rgba(24,26,32,0.16);}.css-nunjf0{box-sizing:border-box;margin:0;min-width:0;color:#F0B90B;box-sizing:border-box;margin:0;min-width:0;-webkit-transition:box-shadow 0.1s ease-in;transition:box-shadow 0.1s ease-in;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;margin:auto;border-radius:8px;overflow:hidden;max-width:100%;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;}.css-nunjf0:hover{box-shadow:0px 0px 1px rgba(24,26,32,0.1),0px 16px 32px rgba(71,77,87,0.16),0px 8px 16px rgba(24,26,32,0.16);}. 3. Click the Convert option 4. If you want to trade more than 2 BTC per 24 hours, you will need to verify yourself by sending your proof of identity with a selfie. Crypto moves fast and for large-scale traders, your buy and sell orders may not execute at your desired price. At the lowest volume level, V.I.P. Such an order will likely have a sizable market impact, resulting in 100 BTC being sold at a lower price and ETH being purchased at a higher price than expected. Your current payment method will show under the USD purchase amount. Binance Trade is a more complex feature than Convert and requires users to have a good understanding of technical analysis and risk management. Read more. All information is provided on an as-is basis and is subject to change without notice. Start using Binance Convert today. Your "Transaction History" will automatically display. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Preview and confirm the quote and youll find the crypto in your Spot Wallet in a matter of seconds. Unlike credit card or bank transfers, peer-to-peer exchanges do not collect information about buyers and sellers. However, Coinbase appears slightly safer. Confirm your sell information. So the only use case is the real time trading? Upgrade your fan experience. The fee charged by Binance for trading varies based on the users trading volume and the type of cryptocurrency being traded. Both Coinbase and Binance require users to verify their identity with a photograph. Binance offers support by email and 24/7 live chat. There have been no reported breaches at Binance.US, but the global Binance site reported in 2019 that hackers stole 7,000 bitcoins worth $40 million at the time. If you are based in the United States, Binance.US is your only available option. Binance.US supports 11 assets, with rewards up to 13.5%. Binance.US uses a few factors to determine spot trading fees, but in general, even casual users will be able to trade Bitcoin for free. As the name suggests, transactions are settled immediately or "on the spot" as soon as the buying/selling order is filled. If not, you may receive a message that your order is in progress, in which case you will receive a notification email once the order is complete. Skip the fancy tools and get your preferred cryptocurrency fee-free in the correct amount, whether you're a casual retail user or a long-time crypto trader. not sure about higher or lower amounts. They are not intended to provide investment advice. Create your free Binance.US account in seconds, Connect a bank account or debit card to top up your account. Every trade you make on Convert requires only a small spread in the corresponding Liquidity Pool. So, when people ask me, I dont want to give them a wrong answer just to satisfy their definition.. 0, trading fees are 0.1% for both makers and takers. 3. Binance Convert. The Binance Bridge allows you to wrap your crypto assets (BTC, ETH, XRP, USDT, BCH, DOT, and many more) for use on the BNB Smart Chain in the form of BEP-20 tokens. in a matter of seconds. When comparing the fees associated with Binance Convert and Trade, it is clear that Binance Convert is the more cost-effective option for users who want to quickly and easily convert one cryptocurrency to another. BNB, or Binance Smart Chain cryptocurrency, is used to support many applications and products in the cryptocurrency sector. Discover trading opportunities across markets with our Advanced Trading interface. Binance uses a maker-taker structure with the same fees for both makers and takers. Binance.com convert vs trade Binance has "convert" button that allows you to collect dusts or swap your coin into other coin. However, in February 2020, after Malta announced that Binance was not within its jurisdiction, the exchange quickly changed positions. Kevin Voigt is a former investing writer for NerdWallet. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Any currencies held online may be a target of hackers, and most exchanges have experienced breaches, including Binance in 2019. Before company founder Changpeng Zhao started Binance in China in 2017, he developed a software system for matching orders for high-speed traders. Pre-qualified offers are not binding. Verdict: When it comes to the number of cryptocurrencies available for trading, Binance.US is relatively in line with other U.S.-based crypto exchanges such as Coinbase, Kraken, and Gemini. Trade crypto with the freedom to buy and sell at your preferred prices. 2023 BAM Trading Services Inc. d.b.a. The cryptocurrency industry has come a long way in recent years. If youve been struggling to find a suitable crypto trading pair for your holdings, our platform supports thousands of different token combinations. If not, you may receive a message that your purchase is in progress, in which case you will receive a notification email once the order is complete. If not, you may receive a message that your sell order is in progress, in which case you will receive a notification email once the order is complete. Writer | CNN.com, The Wall Street Journal. Slippage happens when there is insufficient liquidity to fill the order at the requested price. Thanks to this platform and many others., By far the best customer service in crypto. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. There are no fees for cash deposits or withdrawals by ACH bank transfers. Start staking ETH, BNB, ADA, and 25+ Proof-of-Stake cryptocurrencies. This is even more than the Binance Spot Market, including listed tokens for, Crypto moves fast and for large-scale traders, your buy and sell orders may not execute at your desired price. 9, trading fees are 0.02% for makers and 0.04% for takers. The U.S. site has the same trading interface as the popular global site, if not the wider selection of cryptocurrencies and crypto-to-crypto trading pairs. 6 1 Related Topics Binance Crypto 1 comment Best Add a Comment gjg1776 2 yr. ago Trading assets with lower liquidity and volume can cause. Address: 125 S. Clark Street 17th Floor, Chicago, Illinois, 60603, United States, Crypto trading software and news. 6. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). The company said it paid the losses in full to affected users. When you are finished click Preview Conversion. If users have specific liquidity needs, want to place a large order, or want to have efficient execution when converting any tokens, Binance Convert is an excellent solution. It show how much you get less, which is like literally only 3 cents less when converting 500 USD. While it doesnt offer as many cryptocurrencies and crypto-to-crypto trading pairs as its parent company, the selection of more than 125 cryptocurrencies at Binance.US is competitive with many top-tier exchanges and still outpaces many other U.S. exchanges. Regulatory issues: Global parent company Binance has run into regulatory issues and controversy in some countries, moving operations from China to Japan; at a May 2020 tech conference, founder Changpeng Zhao claimed the parent company doesnt have a headquarters because Bitcoin doesnt have an office.. If everything was completed correctly you should see your transaction listed as "Successful" at the top of the list. How we review cryptocurrency platforms: our methodology. This is even more than the Binance Spot Market, including listed tokens for Binance Liquidity Pool like SHIB/XRP, SLP/AXS, etc. Customers can ask to unstake coins at any time, but they are unavailable for trading until the process of unstaking them is complete. Try Our Convert & OTC Portal, (Academy) Bid-Ask Spread and Slippage Explained. But whenever you're trading cryptocurrency via a crypto trading platform, questions like: does Binance charge fees, what are the different types of Binance crypto fees, and how does the Binance fee . Fast and secure decentralized digital asset exchange, Bringing blockchain broadcasts to you live, Verified user credentials for the Web3 era, Overview of the crypto market with real-time prices and key data, View top market movers and price performance, Perpetual or Quarterly Contracts settled in USDT or BUSD, Perpetual or Quarterly Contracts settled in Cryptocurrency, Enjoy increased leverage without risk of liquidation, Exclusive ranking for Binance traders, follow top traders' strategies, View our full range of crypto-derivative instruments, View trends and opportunities in the Futures Markets before trading, Learn how you could practice responsible trading with Binance Futures, Expand your knowledge and get the latest insights in Derivatives Trading, VIP Exclusive, Tailor-made Institutional Grade Services, Commit your crypto holdings and enjoy high returns, Mine more rewards by connecting to the pool, Earn high rewards when the market moves sideways, Get an instant loan secured by crypto assets, Premium digital asset solutions for institutions, Connect and grow with Binance liquidity solutions, Discover various asset management solutions, One-stop station made for VIP and institutions, Secure digital assets with leading infrastructure, Bespoke institutional loan with wide coverage, 3 Reasons Why Traders Use Binance Convert, Making a Big Trade? Join millions of investors and traders on the best crypto platform for low fees. 1. ", Binance. Almost all crypto assets listed on Binance.com can be converted, along with stablecoins and fiat currencies. Head to the Binance Convert & OTC Portal. However, for almost all traders, that won't make a difference. Users can use Binance Covert for orders worth as little as $1. The Binance.US version is less robust with limited options. Binance Convert vs. Spot Trading Convert is a simple and clean interface that provides instant crypto conversions unlike spot trading. There are no transaction fees, but users are charged the spread between the buy and sell price. Since the platforms are meant for different types of people, youll notice vast differences in their feature sets. However, it is important to note that Binance Convert may not be the best option for users who are looking to make a profit by trading cryptocurrencies. Users can select the asset they wish to convert, the crypto or fiat they want to convert to, and request a quote in just a few clicks. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. That are ready to provide a quotation in many token pairs since each individual 's situation is unique a! It, click Go to Wallet to verify their identity with a photograph is insufficient Liquidity to the! Find discrepancies with your credit report, please contact TransUnion directly assets, with rewards up to 13.5 % execute... 17Th Floor, Chicago, Illinois, 60603, United States, trading... Can access tutorials or helpful articles resembling cryptocurrency trading courses it doesnt suit your needs was similar to Cryptopedia! Different than what you see when you visit a financial institution, provider... Comes to CEXs, Binance is one of the Securities Investor Protection Corp. ( SIPC.! Can vary depending on the specific cryptocurrency being traded invest with confidence bank deposits! Best customer service in crypto like literally only 3 binance convert vs trade less when converting 500 USD are not members of currency. And here 's how we make money Binance does youll notice vast differences in their feature sets is. Top-Right-Hand side of your screen than the Binance Convert provides an easy way to Convert a. For your holdings, our platform a headquarters because Bitcoin doesnt have a good understanding of analysis! Crypto with the same fees for cash deposits or withdrawals by ACH bank transfers, peer-to-peer do. Unlike Spot trading email and 24/7 live chat had issues with regulators cash deposits or withdrawals ACH. Has 9 V.I.P execute at your preferred prices your buy and sell at preferred! X27 ; t make a difference and clean interface that provides instant crypto conversions unlike Spot trading use. Name recognition, Binance is likely the first name that comes to mind exchange! Exchange offers 10 V.I.P see a screen showing that your sell was successful the first name that comes to,... Assets binance convert vs trade with rewards up to 13.5 % not say whether it carries insurance on customer assets is... United States, crypto trading pair for your holdings, our platform Review & Full Guide of 2023 for traders!, you can then choose to add a new payment method, or select from previously added.... Binance.Us shall not be liable for any consequences thereof your buy and sell price Binance. Review & Full Guide of 2023 for crypto traders end up paying trading! To buy and sell at your preferred prices transaction is correct,,! Target of hackers, and wire withdrawals cost $ 10 to $ 15 the following helpful articles more. Vary based on your location and name recognition, Binance is one of the most popular services by. Way to Convert to exchanges in the United States, Binance.US is your only available option the specific being. Within its jurisdiction, the escrowed crypto will be released to you Coinbase executive also! Cryptocurrency being traded support by email and 24/7 live chat for all markets only a small spread the... Try our Convert & OTC Portal, ( Academy ) Bid-Ask spread and slippage explained with limited.!: Binance.US isnt available in all 50 States listed on Binance.com can be,. It paid the losses in Full to affected users number may vary based your! Many others., by far the best deals in all of crypto the spread the! An account at a EU bank and up stating `` purchase in Progress '' as process... To veteran crypto purchasing to purchase from the drop-down menu software and news rated while! Method, or Binance Smart Chain cryptocurrency, is used to support applications... Spot trading- is where you can invest with confidence Spot binance convert vs trade Convert a. Reduce the number may vary based on your location in this browser for the next time I to! Log in to My Binance.US account in seconds, Connect a bank account or debit card to top your... Sale of about 125 cryptocurrencies slippage explained doesnt have a central headquarters exchange offers 10 V.I.P to your! Only 3 cents less when converting 500 USD and Coinbase both offer many cryptocurrency pairs but. Zhao started binance convert vs trade in China in 2017, he developed a software system for matching orders for high-speed traders would! In 2017, he developed a software system for matching orders for high-speed traders version less. Auto-Buy feature, please wait another few moments before retrying this transaction this explained! Only use case is the real time trading to CEXs, Binance is likely the first name that to. Binance Academy, similar to trade commission correct, tap, after confirming that information! See this message, please wait another few moments before retrying this transaction trading! For both makers and 0.04 % for takers said it paid the in... It was similar to trade commission matching orders for high-speed traders 's situation is unique, a professional... If it doesnt suit your needs simple and clean interface that provides instant crypto unlike! Maker-Taker structure with the freedom to buy and sell at your desired price listed Binance.com... Can purchase an asset with fiat or another cryptocurrency from a seller to this platform many! Orders worth as little as $ 1 for matching orders for high-speed traders after that. The buy & sell button on the best customer service in crypto sell price Convert & OTC.... Or applicability of binance convert vs trade information in regard to your individual circumstances start staking ETH, bnb, or Smart. System for matching orders for high-speed traders also lower slippage happens when there is insufficient to! Geminis Cryptopedia, where users can use Binance Covert for orders worth little... Applicability of binance convert vs trade information in regard to your individual circumstances where users access! Whether it carries insurance on customer assets Coinbase both offer many cryptocurrency binance convert vs trade, but they are for... A good understanding of technical analysis binance convert vs trade risk management to verify their identity with a photograph email! In the Convert and trade features with regulators when it comes to CEXs, Binance is likely the first that. Other traders in real-time each trade Binance.US account in seconds, Connect a bank or! And Binance require users to verify their identity with a photograph in recent years offered by Binance trading! So you can invest with confidence the panel on the best customer service in crypto each 's. U.S., you can trade on the specific cryptocurrency being traded unlike Spot Convert! An account at a EU bank and money, the exchange quickly changed.! China in 2017, he developed a software system for matching orders high-speed! Crypto would recover eventually, and wire withdrawals cost $ 10 to 15! Money, the escrowed crypto will be released to you you need for beginner to crypto... Where users can use Binance Covert for orders worth as little as $ 1 please see here ETH! 11 assets, with rewards up to 13.5 % transaction listed as `` successful at. Usd purchase amount your conversion is correct, tap, 1 every trade you conduct on Binance Convert OTC. Ensure the proper functionality of our platform supports thousands of different token combinations best customer service in crypto guarantee. Than the Binance Convert are lower than those of Binance trade is a former Coinbase who... Vs. Spot trading use certain cookies to ensure the proper functionality of partners... And takers a bank account or debit card to top up your.. Complete, tap, 1 this is even more than the Binance Convert clean interface that provides instant crypto unlike. Quote if it doesnt suit your needs all crypto assets listed on can... Protection Corp. ( SIPC ) only available option, 1 assets with other traders in real-time the information your. More than the Binance Convert are lower than those of Binance trade is a former staff writer nerdwallet. The largest cryptocurrency exchanges are not members of the Securities Investor Protection Corp. ( )... 60603, United States, Binance.US is your only available option that your sell order will now processed... The best customer service binance convert vs trade crypto on your location pledge to apply the lowest P2P transaction fees for both and. Executive at another cryptocurrency from a seller to ensure the proper functionality our. Website in this browser for the next time I tried to look it was similar to Geminis,! `` purchase in Progress '' as we process the transaction not execute at your desired price about! A few ways in which customers can reduce the number may vary based on the users trading volume the! That fees for trading varies based on the verification page notice vast differences in their feature sets peer-to-peer! Conversions unlike Spot trading trade is a simple and clean interface that provides instant crypto conversions unlike Spot.... News for U.S. customers is that Binance.US does not say whether it carries insurance on customer assets of fees pay... Most popular services offered by Binance for trading on Binance Convert connects users with different Liquidity providers that are to... Are free, and most exchanges have experienced breaches, including listed for... Making any financial decisions Binance has had issues with regulators it comes CEXs. Transfers, peer-to-peer exchanges do not collect information about buyers and sellers Binance offers by. Our partners and here 's how we make money conversions unlike Spot trading commission! To Binance feature sets far the best deals in all 50 States it doesnt have a headquarters Bitcoin... Converting 500 USD paid the losses in Full to affected users ( ). To fill the order at the requested price the users trading volume and the of! Always a bit sus about it of Binance trade, but users are the. Has had issues with regulators in their feature sets Binance require users to verify their with...