Difference between Binance and Binance US: United States Binance is an attempt from Binance exchange for adding American customers to the total number of this exchange’s customers in the whole world and These customers use the features and knowledge that Binance has acquired over the years.
Here in this article in shetcoiner website, we are talking about the differences between Binance and Binance US.
Binance vs Binance Us
Binance exchange started up an exclusive and independent platform for United States that is called Binance US. This platform has an identical name to the main Binance and but the platform and its features are a little different.
According to the Binance and United States rules and laws if you are an American citizen, can only use the American version of Binance to trade and commerce. You can also use Binance Us transitions history and have your trading taxes and see them.
Binance US rules for KYC
This platform is not available these states:
- Alabama
- Connecticut
- Florida
- Hawaii
- Idaho
- Louisiana
- New York
- North Carolina
- Texas
- Georgia
- Vermont
- Washington
Binance US rules
According to the need that you have for customer confirming and authentication (KYC) is different in this country and there are 4 types of confirmation that you can use.
Basic Verification
Basic Verification gives you this possibility to transfer and trade both cryptocurrencies to each other and buy or sell them. Also this level of confirmation will allow you to withdraw to 5,000 dollars from the cryptocurrency.
Advanced Verification
The services of Advanced Verification in Binance US gives you the possibility to deposit to 5,000 dollars and withdraw to a 1 million dollars’ maximum.
Fiat Account Verification
The Fiat Account Verification is also made for a reason that you’ll be able trade with Fiat currencies and other cryptocurrencies. For reaching this level of access you need to have the Advanced verification first and then try to verify yourself with this level.
Corporate Account verification
The Corporate account verification process is also used for a business accounts. you will not be able to merge a Corporate account into an already existing Personal account.
