Binance.US Review 2026: USD Access, Fees and State Limits

Binance.US looks much more functional in 2026 than it did during the most difficult period of its regulatory dispute.

U.S. dollar deposits and withdrawals are back for most supported customers, the SEC's civil case has ended, and the exchange has cut Advanced Spot trading fees to unusually low levels. It also continues to offer staking and a substantial selection of cryptocurrencies.

But Binance.US is still not a nationwide version of Binance.com.

It is operated by BAM Trading Services Inc., has its own custody arrangements, banking relationships, order books and product catalog, and remains subject to state-by-state restrictions. A resident of one state may have full USD functionality, while a user in another may have crypto-only access or be unable to open an account at all.

That geographic fragmentation is one of the most important things to understand before using Binance.US.

The other is cost. Its Advanced Spot fee schedule became considerably more competitive in April 2026, but Buy, Sell and Convert use spread-based pricing instead of the same maker/taker structure, while staking can give up a significant portion of protocol rewards to service fees.

For a U.S. user, Binance.US therefore needs to be evaluated on three separate questions: Is the service fully available in my state？ Which trading interface am I using？ And what happens to my cash or crypto after the trade？

Binance.US and Binance.com are separate platforms

The similar branding causes persistent confusion.

Binance.US is the trade name of BAM Trading Services Inc., a U.S.-incorporated company launched in 2019 for the American market.

Binance.US and Binance.com share common majority ownership, but their corporate and management structures, customer accounts and platform operations are separate.

That distinction has practical consequences.

A Binance.US customer should not assume that something available on Binance.com is also available on the U.S. platform.

Differences can include:

• listed cryptocurrencies;
• trading pairs;
• liquidity;
• fiat banking;
• staking assets;
• deposit and withdrawal networks;
• geographic availability;
• regulatory requirements.

Binance.US also does not offer the broad global derivatives ecosystem associated with Binance.com.

For ordinary users, the safest approach is to treat transfers between the two platforms like transfers between separate exchanges.

Open the deposit page on the receiving platform, confirm both the asset and network, and test a small amount first.

USD services are back — but not everywhere

Binance.US suspended USD deposits in June 2023 as its banking relationships came under pressure during the SEC litigation.

For much of the following period, the platform operated primarily as a crypto-to-crypto exchange.

That changed in February 2025, when Binance.US began restoring USD functionality. By May 2025, it said eligible customers could once again deposit and withdraw dollars through ACH, buy and sell crypto with USD and trade USD pairs.

The return of banking materially improved the platform's usefulness.

For customers with full access, Binance.US currently supports functions including:

• ACH deposits;
• ACH withdrawals;
• crypto purchases using USD;
• crypto sales into USD;
• USD trading pairs;
• recurring purchases.

ACH deposits and withdrawals are currently listed as free.

But the key phrase is eligible customers.

USD access still depends on the customer's state of residence.

Kansas and Wisconsin remain crypto-only

As of Binance.US's current 2026 state list, Kansas and Wisconsin are supported as crypto-only states.

Residents can still use many exchange functions, including depositing and withdrawing crypto, trading, converting and staking supported assets.

What they cannot currently do is use normal Binance.US USD deposit and withdrawal services.

That creates a very different user experience.

A Wisconsin customer, for example, might be able to deposit BTC, trade it for USDT and purchase another cryptocurrency.

But the customer cannot assume they can later sell that position for USD and withdraw the cash directly to a linked bank account through the normal Binance.US fiat route.

For a crypto-only-state user, the fiat on-ramp and off-ramp may need to exist somewhere else.

That should be established before funds are moved onto the exchange.

Some states remain completely unsupported

Binance.US's current published list also identifies states and territories where residents cannot register and verify an account.

These currently include:

• Alaska;
• Connecticut;
• Georgia;
• Maine;
• New York;
• North Carolina;
• North Dakota;
• Ohio;
• Oregon;
• Texas;
• Vermont;
• Washington;

along with several U.S. territories.

Availability can change as licensing and regulatory circumstances change, so this list should be checked again before opening an account.

State restrictions also matter when a customer moves.

Binance.US allows users who relocate from an unsupported jurisdiction to a supported one to update their account information, but new residency may need to be verified.

Using a VPN or providing an address that does not represent actual residence is not a substitute for eligibility.

It can create a much larger problem if identity or proof-of-address checks occur when the user later tries to withdraw funds.

Binance.US cut its Advanced Spot fees sharply in 2026

One of the biggest changes since the original version of this review is the fee schedule.

In April 2026, Binance.US introduced a much simpler Advanced Spot pricing structure.

For most trading pairs, the current starting rate is:

The current Tier 0 pair, BNB/USD, is even cheaper:

The ordinary 0.02% taker rate falls to 0.01% for customers reaching at least $500 million in eligible 30-day volume.

For typical retail traders, that volume threshold is irrelevant. The more significant change is that a customer no longer needs high trading volume to receive the 0% maker / 0.02% taker starting rate on most Advanced Spot pairs.

What does 0.02% actually cost？

The difference becomes clearer with a simple trade.

A $10,000 taker order at 0.02% costs:

$10,000 × 0.02% = $2

If another $10,000 taker transaction is used to exit the position, the nominal round-trip exchange fee would be:

$2 + $2 = $4

A maker order that qualifies for the 0% rate does not incur the same explicit trading commission.

That makes Binance.US's current Advanced Spot pricing unusually inexpensive compared with many retail exchange schedules.

But trading commission is not the entire execution cost.

Users still need to consider:

• bid-ask spread;
• order-book depth;
• slippage;
• deposit method;
• withdrawal method;
• blockchain withdrawal fees.

A low headline fee cannot compensate for poor execution on an illiquid pair.

The 5% BNB discount still exists

Binance.US continues to offer a 5% discount on eligible Advanced Spot trading fees when the fee is paid using BNB.

The feature needs to be enabled in account settings, and sufficient available — rather than staked — BNB needs to be present in the account.

With already-low maker/taker rates, the absolute saving for a small retail trade may be modest.

Users should therefore distinguish between:

5% off the trading fee

and

5% off the value of the transaction.

They are very different numbers.

If a $10,000 taker order carries a $2 fee, a 5% discount applies to that $2 fee, not to the $10,000 trade.

Buy, Sell and Convert do not use the same economics

The Advanced Spot fee schedule should not be applied automatically to every Binance.US transaction.

The simple Buy, Sell and Convert interfaces use a different pricing model.

Binance.US incorporates a spread into the quoted price when these functions are used.

That means a screen can feel simple and inexpensive because the user does not see the same maker/taker commission, while the economic cost is embedded in the execution price.

Before making a meaningful purchase, compare:

the amount of crypto received through Buy

with

the amount available through an Advanced Spot limit or market order.

The difference can be more important than the visible fee.

Convert has the same issue. Even when a separate trading fee is not displayed, the conversion quote can contain a spread.

“Zero trading fee” and “zero transaction cost” are not the same statement.

ACH is free, but other funding methods are not

The return of USD services gives fully supported users several ways to fund the platform.

Current Binance.US pricing lists:

Banks and card issuers can impose their own charges in addition to Binance.US fees.

The difference between ACH and a card purchase can be substantial.

On $5,000, a 3.99% card fee equals:

$199.50

That dwarfs the $1 Advanced Spot taker fee generated by a $5,000 trade at 0.02%.

For retail users, choosing the funding method can therefore matter far more than optimizing the maker/taker rate.

The SEC case ended in May 2025

The regulatory history of Binance.US cannot be separated from the SEC lawsuit filed in June 2023.

The SEC sued Binance Holdings, BAM Trading Services, BAM Management US Holdings and Changpeng Zhao and made a series of allegations concerning securities laws and the operation of the platforms.

The litigation contributed to a period of serious uncertainty for Binance.US and coincided with the disruption of its U.S. banking relationships.

But the case did not proceed to a final trial judgment.

On May 29, 2025, the SEC and defendants filed a joint stipulation dismissing the civil enforcement action with prejudice.

“With prejudice” matters because the same claims in that action cannot simply be refiled.

But the reason for dismissal also matters.

The SEC explicitly said it determined dismissal was appropriate as a policy matter and in the exercise of its discretion.

The dismissal therefore should not be rewritten as:

“Binance.US won the case and the allegations were proven false.”

There was no trial verdict reaching that conclusion.

Nor should a 2026 review continue writing as if the lawsuit remains active.

The accurate position is that the 2023 SEC civil enforcement action has ended without a merits judgment on every historical allegation.

The SEC case is separate from global Binance's criminal settlement

Another common source of confusion is the November 2023 U.S. government resolution involving Binance.com and Changpeng Zhao.

That matter included criminal and regulatory resolutions involving the global Binance business.

It should not simply be treated as a Binance.US criminal case.

The SEC's civil lawsuit did include BAM entities connected with Binance.US, but the corporate relationships and legal proceedings need to be separated rather than summarized under the Binance brand.

This distinction is especially important for users trying to understand custody.

An event involving Binance.com's global infrastructure does not automatically establish that Binance.US customer assets were held in the same legal or custody arrangement.

Binance.US is regulated through federal and state frameworks

Binance.US operates through BAM Trading Services Inc.

At the federal level, BAM Trading is registered with the Financial Crimes Enforcement Network as a Money Services Business.

It also holds money-transmission licenses in multiple states.

Those credentials are meaningful, but their scope needs to be understood correctly.

A FinCEN MSB registration primarily relates to anti-money-laundering and financial-crime compliance.

It is not:

• SEC approval of every listed cryptocurrency;
• federal deposit insurance;
• a guarantee against exchange failure;
• one national crypto-exchange license covering every product.

State money-transmitter licenses also vary in scope.

Binance.US's own licensing disclosures note that in some jurisdictions the applicable money-transmitter license does not itself regulate or cover virtual-currency activity.

This is one reason the platform's state-availability map is more useful to customers than simply counting how many licenses the company holds.

Binance.US says customer crypto is held 1:1

Binance.US currently describes itself as a full-reserve platform.

The company says customer assets are held 1:1 and that customer crypto is maintained separately from corporate funds.

It also says the majority of customer cryptocurrency is stored offline in U.S.-based cold storage, with a smaller amount kept available for normal platform operations.

These are important custody statements.

They should still be identified as Binance.US's custody model rather than described as government insurance.

Holding assets 1:1 addresses one important question:

Does the platform say it lends or uses customer assets to create a fractional reserve？

It does not answer every possible question about:

• operational failure;
• cyber risk;
• legal claims;
• account restrictions;
• access during outages.

Full-reserve custody reduces some risks without eliminating centralized-exchange risk as a category.

The 2026 SOC 2 Type II audit is more relevant than Binance.com's PoR

Binance.US announced in January 2026 that it had completed a SOC 2 Type II examination.

The company also maintains ISO certifications covering information security and privacy.

A SOC 2 Type II examination assesses how specified controls operated over a period of time. It is therefore different from a one-day wallet-balance snapshot.

But SOC 2 is not the same as an audit opinion proving that every customer crypto liability is fully solvent.

The distinction matters because people often look at Binance.com's proof-of-reserves system and assume it automatically represents Binance.US.

It should not be used that way unless the disclosure explicitly identifies Binance.US balances and liabilities as part of the scope.

For a Binance.US review, the U.S. platform's own custody statements and control audits are the more relevant evidence.

Binance.com's 2019 hack should not be assigned to Binance.US

The global Binance exchange experienced a major security incident in May 2019 in which thousands of BTC were stolen.

Binance.US had not yet launched.

That incident is part of Binance.com's security history, not a Binance.US platform breach.

The same distinction applies to Binance.com's SAFU emergency fund.

Users should not automatically assume that a protection mechanism associated with the global exchange represents a legally enforceable protection for balances held through BAM Trading Services.

Brand relationships matter, but customer protections need to be traced to the platform actually holding the account.

Binance.US still requires strong user-side security

Even without attributing Binance.com's historical incidents to the U.S. exchange, Binance.US customers remain exposed to account-level security risk.

The platform uses controls including two-factor authentication, account monitoring and withdrawal-address management.

Users should also protect:

• the email account connected to Binance.US;
• authentication devices;
• recovery information;
• API credentials;
• withdrawal addresses.

API keys used only for trading generally do not need withdrawal access.

Phishing is particularly important around well-known crypto brands. A message displaying the Binance.US name or logo is not proof that the sender is Binance.US.

Support should never require a customer to transfer cryptocurrency to an external wallet to “verify” or “unlock” the account.

Staking fees are more complicated than the old 35% headline

The original version of this review described Binance.US as deducting “up to 35%” from staking rewards.

That is no longer a safe universal number.

Binance.US's current fee material states that standard staking service fees can range from 9.95% to 39.95% of earned staking rewards, depending on the asset.

The fee is deducted from rewards — not from the amount of crypto originally staked.

That distinction matters.

If a user stakes $10,000 of an asset, a 39.95% service fee does not mean Binance.US removes $3,995 from the original $10,000.

The service fee applies to staking rewards produced through the protocol.

Published estimated reward rates are designed to reflect the applicable service charge.

Because asset-specific rates and fees can change, the number shown for the individual staking asset should be checked before committing funds.

Soft-Staking has a very different fee

Binance.US also offers Soft-Staking for eligible assets.

This provides more immediate liquidity than conventional staking but comes with a much larger service charge.

The current Binance.US staking FAQ states that 90% of Soft-Staking rewards are retained as a service fee.

That sounds extreme until the product difference is understood.

Soft-Staking is designed to allow users to retain greater access to eligible assets rather than subjecting them to the normal bonding and unbonding process.

The relevant comparison is therefore not only reward rate.

Users should consider:

• reward after fees;
• bonding period;
• unbonding period;
• liquidity;
• protocol risk;
• slashing arrangements;
• whether they need immediate access to the asset.

A high headline staking reward means little if most of it is consumed by service fees.

Staking assets can be added or removed

Staking availability is not permanent.

Protocols change, Binance.US changes its supported services, and state or regulatory requirements can affect availability.

For example, the platform announced in September 2026 that staking support for Harmony (ONE) and Threshold (T) would be discontinued, with the assets automatically unstaked and later removed from the staking platform.

That is a useful reminder that staking should not be treated like a fixed-term bank savings product.

Before staking, check:

• whether new staking requests are still accepted;
• current estimated reward rate;
• service fee;
• bonding period;
• unstaking period;
• expected reward-distribution schedule.

Binance.US liquidity needs to be evaluated separately from Binance.com

Binance.com operates some of the world's largest crypto order books.

That does not mean a Binance.US pair has the same depth.

Binance.US has separate customers, separate market makers and separate order books.

Its liquidity contracted significantly during the 2023–2024 period when banking access was disrupted.

USD restoration and lower trading fees can help attract activity back to the platform, but traders should still inspect the market they intend to use.

For a larger order, check:

• spread;
• bids and asks near the midpoint;
• depth at the intended trade size;
• recent trade frequency;
• expected price impact.

A 0.02% taker fee is attractive only if execution quality is also reasonable.

On an illiquid market, slippage can exceed the trading fee many times over.

Zero maker fees do not make every trade free

The current 0% maker fee deserves the same caution.

To qualify as a maker, the order normally needs to rest on the order book rather than immediately matching an existing order.

A limit order can still execute as a taker if its price crosses the market.

And even a genuine 0% maker trade can experience economic cost through:

• spread;
• market movement;
• incomplete execution;
• opportunity cost.

A zero maker fee means the exchange does not charge the specified execution commission for that qualifying trade.

It does not mean the market itself has zero trading friction.

Crypto withdrawals use dynamic fees

Binance.US does not use one universal crypto withdrawal charge.

Fees vary by cryptocurrency and network and are displayed before the withdrawal is confirmed.

The platform says its dynamic withdrawal-fee model can account for network costs and operational factors.

This makes pre-trade checking important.

A user buying a small position to move immediately into self-custody should first inspect the withdrawal screen.

A fixed or minimum network-related charge that looks minor on a large account can consume a meaningful percentage of a small position.

The exact blockchain also matters.

An asset supported on several networks by Binance.com may have a different network set on Binance.US.

Unsupported networks can create permanent loss

Binance.US explicitly warns users to check both the asset and network before making a crypto deposit.

Sending a supported token over an unsupported blockchain can be just as problematic as sending an unsupported token.

The platform says unsupported asset or network deposits may not be recoverable.

The appropriate process is:

• open the Binance.US deposit page;
• select the cryptocurrency;
• choose a supported network;
• compare that network with the sending platform;
• confirm any memo or destination tag;
• send a small test transaction;
• verify receipt before moving the remainder.

Do not select a network simply because it is cheaper on Binance.com or another exchange.

The receiving platform determines whether the transfer can be credited.

Binance.US now has a separate Web3 Wallet

Another 2026 development is the launch of the Binance.US Web3 Wallet.

This should not be confused with assets held in the ordinary Binance.US exchange account.

The standard exchange wallet is custodial: Binance.US holds the private keys on behalf of the customer.

The Web3 Wallet uses a different key-management model designed to give the user control through distributed key shares rather than a conventional seed phrase.

That creates another reason to be precise when discussing “Binance.US custody.”

The exchange account and the Web3 Wallet are separate custody environments with different mechanics and risks.

Someone moving assets between them should treat the transfer as an actual wallet operation rather than assuming every balance under the Binance.US brand is held in the same way.

What Binance.US looks like in 2026

The platform has changed substantially from the version users encountered during the height of the SEC dispute.

The strongest improvements are concrete:

• USD banking has returned for most supported states;
• the SEC civil case is no longer active;
• Advanced Spot fees have fallen sharply;
• the platform has completed a SOC 2 Type II examination;
• staking and other crypto services remain available.

The remaining limitations are also concrete.

State access is still fragmented. Kansas and Wisconsin remain crypto-only, while residents of several major states — including New York, Texas and Washington — cannot currently register.

Binance.US also cannot be evaluated using Binance.com's liquidity, product set, reserve disclosures or security programs as shortcuts.

For an eligible customer, the most practical checks are therefore straightforward:

• Verify the current state status.

  Confirm whether the state has full USD access, crypto-only access or no Binance.US service.

• Use the right fee model.

  Advanced Spot currently offers very low maker/taker fees, while simple Buy, Sell and Convert transactions include spread-based pricing.

• Choose the funding method carefully.

  Free ACH can be dramatically cheaper than card funding.

• Check staking fees asset by asset.

  Standard service fees can consume a meaningful share of rewards.

• Inspect liquidity rather than assuming Binance.com depth.

  The two platforms have separate order books.

• Verify the withdrawal network.

  Supported chains and withdrawal fees need to be checked on Binance.US itself.

• Separate custody claims by platform.

  Binance.US says it maintains customer assets 1:1 and has completed a SOC 2 Type II examination; Binance.com's PoR and SAFU should not automatically be treated as Binance.US protections.

For residents of fully supported states, Binance.US in 2026 is considerably more practical than it was during the crypto-only period.

Its current trading fees are a genuine competitive feature.

But whether that advantage is useful starts with a much more basic question: does the customer's state have the Binance.US services they actually need？

Frequently asked questions

Is Binance.US the same as Binance.com？

No. Binance.US is operated by BAM Trading Services Inc. for the U.S. market.

Binance.US and Binance.com have common majority ownership but maintain separate corporate or management structures, accounts, products, liquidity and custody arrangements.

Can Binance.US users deposit and withdraw USD？

Yes, USD services have returned for most supported Binance.US customers.

ACH deposits and withdrawals are currently listed as free. However, USD services remain unavailable in crypto-only states, so customers should check their state before funding an account.

Which Binance.US states are crypto-only？

As of the current 2026 Binance.US state list, Kansas and Wisconsin are crypto-only.

Customers there can use supported crypto services but cannot use normal USD deposit and withdrawal functionality.

Which states do not support Binance.US？

The current unsupported-state list includes Alaska, Connecticut, Georgia, Maine, New York, North Carolina, North Dakota, Ohio, Oregon, Texas, Vermont and Washington, along with certain U.S. territories.

Availability can change, so customers should verify the current list before registering or after moving.

What are Binance.US trading fees in 2026？

For most Advanced Spot trading pairs, Binance.US currently charges 0% maker and 0.02% taker.

The current Tier 0 pair, BNB/USD, is 0% maker and 0.01% taker.

A 5% discount on eligible Advanced Spot fees is available when fees are paid using BNB.

Is ACH free on Binance.US？

Binance.US currently lists both ACH deposits and ACH withdrawals as free.

Wire withdrawals carry a separate fee, while card funding can be considerably more expensive.

Does Binance.US charge a spread？

Advanced Spot orders interact with the order book and use the published maker/taker fee schedule.

Simple Buy, Sell and Convert transactions use quoted pricing that includes a spread, so users should compare the final amount received rather than only the displayed commission.

Did the SEC case against Binance.US end？

Yes. On May 29, 2025, the SEC and defendants agreed to dismiss the 2023 civil enforcement action with prejudice.

The SEC stated that the dismissal was appropriate as a policy matter and in the exercise of its discretion. The case therefore ended without a trial verdict resolving every historical allegation.

How much does Binance.US charge for staking？

Current Binance.US material states that standard staking service fees can range from 9.95% to 39.95% of staking rewards, depending on the asset.

The service fee applies to rewards rather than the original amount staked.

Soft-Staking uses a separate model and currently deducts a much larger portion of generated rewards.

Does Binance.US hold customer assets 1:1？

Binance.US states that it operates on a full-reserve basis and maintains customer assets 1:1, with most crypto stored in offline U.S.-based cold storage.

These are custody arrangements and should not be interpreted as federal insurance against every type of crypto loss.

Is Binance.US FDIC insured？

Cryptocurrency held on Binance.US should not be treated as an FDIC-insured bank deposit.

Any protections potentially attached to USD held through banking arrangements need to be evaluated under the specific applicable terms rather than extended to crypto balances.

Is Binance.US available in New York？

No. New York is currently listed as an unsupported Binance.US jurisdiction.

Residents cannot currently register and verify a Binance.US account there.

Is Binance.US available in Texas？

No. Texas is also currently included in Binance.US's unsupported-state list.

Users should check the platform's current geographic-availability page because state support can change.