Binance US: Buy, Sell Bitcoin and Coin Exchange
Ist off all we all should understand about the Binance Cryptocurrency Exchange. It’s a Coin Exchange platform for the customer to Buy, Sell, and Store Cryptocurrencies.
Where is Binance Exchange located?
Binance is the world’s largest cryptocurrency exchange platform and is based in Malta. Basically launched in China its foot back in 2017 or early 2018 when for the first time the world realized the true power of Bitcoin.
It is basically a fusion of two different words Binary and Finance forming BI-Nance. It is considered to be one of the largest cryptocurrency exchanges in terms of trading volume. Binance supports more than 100 different cryptocurrencies over its platform for the users.
Start Buying & Selling Crypto on Binance
Binance allows the users to purchase and sell Bitcoin on this platform you can easily buy Bitcoin with cash, as well as other cryptocurrencies we offer on the platform. Through this support & service, you can use your credit card to directly purchase Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash using US Dollars or Euro.
Binance exchange has its inbuilt coin called BNB Token basically used for the fee payments over Binance while trading. BNB has multiple use cases but within the Binance Exchange ecosystem. BNB is generally used by the professional traders to deduct the fee percentage by almost 50% as Binance has its feature with its coin.
Technical Support on Binance:
If you face any problems in trading or converting the Tokens you always have live human support and service for Binance to get a live help or a demo help. The group of tech experts is always available for their customers to help them with Trading, withdrawing, depositing and converting their portfolio tokens on the Binance platform.
It has been very well in reliability due to its advanced security provided to prevent any kind of financial loss. In most common, the basic problem faced by the user is “Binance recovery of 2FA”. Well, 2FA is a mandatory factor when you create your account with Binance in order to help yours with an extra layer of security and protection.
Binance Help and Support
Binance has also been very reliable in providing any kind of help and support to their customers. Well, Binance does not have any direct Binance customer support number to contact, which can be a bit frustrating sometimes. But it does try to resolve your problems with the Binance customer Email service by raising a ticket of your issues which get resolved typically within the next 7 days.
It has categorized its platform for basic users and pro users. Pro are advised to use Binance DEX (Decentralized Platform) for more sophisticated experience and the basic users can still enjoy using Binance (Centralized Platform).
Binance DEX: Creating a Wallet
Binance, the world largest cryptocurrency exchange is launching its testnet of their very own blockchain called unsurprisingly Binance Chain. Binance chain is going to be the home of Binance’s decentralized chain or perhaps non-custodial exchange as you will be the owner and sole responsibility for your assets on Binance DEX.
Binance DEX Launches on Binance Chain:
Binance has been a great exchanging experience since its launching date as they have come with that extra layer of security by decentralizing their platform. So here I am going to explain you a bit about the Binance chain, its leniency, high throughput, one-second block times, one confirmation finality, low fees and it will be a delegated proof of stake system, and all of these has to be super robust to manage the kind of the service they are looking to provide to their customer.
Now let’s get into Binance Dex in which you need to set up with a key and a password and request some testnet BNB to come over here and play with. Now that Binance Dex has a very similar user interface as that of Binance and if you have already traded over Binance in the past, this ain’t gonna be a big deal at all.
On a chain, you will be able to receive and send BNB Tokens you will be able to issue new tokens you will be able to trade. Any participant in the chain can propose any new trading that they want to see, it will be running with the 11 nodes for the testnet. Now, Its not certain how many nodes we get on the main network when we get out, so how decentralized nodes will actually be seen when it does launch.
But remember this, in exchange the customer keeps control of their funds on any decentralized exchange versus the centralized exchange, where they are in control of your fund all times. For more information on this, you can always contact the Binance Customer support Number for help.
The only big difference that you will notice on Dex exchange is that your coins like Bitcoin and ethereum will be coming with the suffix as B. Example:- Earlier your Bitcoin was represented as BTC but now on Binance Dex it will be represented as BTC. B which means the bitcoin has been bought using the BNB coin over Binance Chain.
Or in a simple language, you can say that your BNB coin here works as your Credit or debit card to get a new coin. Now, these coins are also called pegged tokens which you can exchange for real bitcoin on Binance centralized platform and get your amount.
About ERC20 Tokens
Now, Binance has shown itself to be a very good actor in cryptocurrency exchange but launching a decentralized exchange is just another way in which you can be in charge of your own financial data. Binance chain is aiming to fix all of the low volume trading issues.
Now Binance chain will have on order chain matching run by the nodes as to others which have off-chain order matching. BNB will gas off the chain and of course, will still apply for a discounted trading fee. Also, note that when chain goes live you will need to indeed migrate your BNB ERC20 token to Binance chain main net.
Platforms Supporting Binance
There are multiple types of platform which is supporting Binance functionality for its Customers like-
Windows (7, 8.1, 10)
Linux Operating system
Binance & It's Conclusion
For all the beneficial features of Binance you can enjoy and utilize Pros and for all the Cons you can always reach out Binance by Dialing their Support Phone number or contact via Email support.
Faster to work with
Decentralization makes it secure
Have full command over your assets
Large listing of coins
Lower trading fee
Low Binance Customer support and service
Auto conversion of tokens
Need deep knowledge of the platform to use
No use of Fiat currency
Binance: Its Customer Support and Services
With the increase in the number of users, Binance was forced to help their users and customer to enjoy and access their platform and as well as resolve the issues related to their platform. In order to contact Binance over the phone might be a bit difficult as Binance has yet not announced its direct Toll-free number for the customer.
- I can’t login to my Binance account
- Forgot Binance Password
- Binance 2fa is not working
- Reset Binance 2fa
- Unable to Withdraw fund from Binance
- Unable to sell bitcoin
- Unable to transfer fund to another wallet
- My Binance account is frozen
- Binance Puzzle captcha ain’t working
- Unable to withdraw pegged token
- Unable to open Binance wallet app iOS & android
- Binance is not verifying my identity
- Unable to receive altcoins from other wallet
What is the difference between Binance.US and Binance.com?
Binance.com is the platform used worldwide by the Binance customer up until Binance.US was not launched. Both the platform behaves and performs in exactly the same way.
The basic difference is just that United States citizens will have to use Binance.US hereafter in order to use Binance as it has been specialized for the United States people under the federal laws.
So if the user tries to login binance.us with the credentials of binance.com, they might fail in doing so as these two platforms are absolutely different with few changes in its features according to United States federal laws.
How to create an account on Binance.us?
Binance.us is one of the platforms from Binance group designed especially for the United States citizen according to it’s federal laws terms and conditions.
While creating an account on Binance, United States citizen just have to keep a very basic thing in the mind that they are not trying to login or create account on Binance.com as these two platform are completely different and they might fail doing so on Binance.com.
Here are the steps to be followed by the users to register an account on Binance.us
- Kindly visit Binance.US official website at https://www.binance.us.
- Click the “Register” button on the top right side
- Fill in your email address and password. Make sure your password is a mixture of upper case letters and numbers to have high strength.
- Click on the “Create account” button.
- You will receive a verification email in your registered email inbox. Go to your email and confirm your activity.
- Click on the “Verify Email” button to confirm your registration with Binance US.
Congrats! You can now start trading on Binance.us.
Does Binance.us support my state?
Binance.us has launched its platform recently for the US citizens maintain all the Federal Laws and rules. It is active in most of the states of US, but it might not be working at your place.
So before creating an account on Binance.us go through this list and make sure that your state is not listed below-
- New York
- North Carolina
What is the use of BNB on Binance?
As a Binance.US user, you can always use BNB to pay for trading fees on the Binance.US platform. When you hold BNB and use BNB to pay for trading fees, you will receive a 25% discount fee on each trading depending upon the below mentioned fee schedule.
Spot trading fee rate for VIP clients
How to deposit money via ACH?
First of all let me introduce with the term ACH as you need to understand before making any kind of investment on Binance.us. In banking, ACH stands for Automated Clearing House, which is a network that coordinates electronic payments and automated money transfers.
ACH is a way to move money between banks without using paper checks, wire transfers, credit card networks, or cash.
In order to deposit money via ACH on Binance, you can follow the below mentioned steps-
- Log into your Binance.US account at www.binance.us/en/login.
- Under the “Wallet” tab, click Deposit.
- At the dropdown menu, make sure to select USD as the deposit coin.
- Enter the USD amount that you want to deposit and choose the ACH account that you wish to deposit from, then click “Continue.”
NOTE:- “Make sure to always have at least 10% of the amount of your purchase in your bank account”
- Verify the details from the popup dialog and click “Confirm” to complete the transaction.
How to deposit via Debit card on Binance.us?
Binance.us allows the users to buy and sell bitcoin on its platform. In order to buy Bitcoin on Binance you need to make a deposit on Binance.
Which can be done through the use of Debit Card by following the below mentioned steps-
- Login to www.binance.us and proceed to the Binance dashboard.
- Click “Settings.” scroll to the bottom and click on the “Manage” button to add your payment method
- Click the “Add a New Account” button.
- Out of multiple options like international Wire, ACH, Domestic wire; Select “Debit Card”.
- Enter the Debit Card credentials, then click the “Add Card” button.
- Enter the 4 digit Verification Code associated with the PRM (*####) Binance.US transaction to complete the verification process.
- Return to the Binance.US dashboard and click “Wallet” followed by the “Deposit” button.
- Select the “Debit Card” and enter the USD amount.
- Continue with the checkout process to complete your order!
How to withdraw Dollars from Binance?
When you make a deposit into any financial institution or any platform you first think of the process to withdraw the funds in case of urgency or when you have reached your goal.
So in this post, I am going to explain to you all the possible methods of withdrawing your dollars (fiat) into your linked bank account through which you might have made a deposit in the first place.
Note:- You cannot withdrawal the equivalent amount in (Fiat and Crypto) of your Debit Card deposit for 10 days for security reasons.
- Go to Binance.US homepage and click on your profile at the top right corner.
- Click on “Withdraw” button under “Wallet” and select “USD” under “Coin.”
You will be able to type in the amount you would like to withdraw or click “MAX” to withdraw the maximum balance available. Under the “Withdraw to” segment, click the arrow to select or add a payment method.
- Click “Continue” to proceed.
- Please verify the details on the screen and click “Confirm”
- The system will now send a confirmation message to your Binance.US email account. Please open the email and verify that it is your intended transaction, and then click “CONFIRM DISBURSEMENT” to proceed with the withdrawals.
- You will be redirected to Prime Trust confirmation as figure below and click “Confirm & Verify” to proceed with the withdrawal.
CONGRATS! You have your funds in your Bank account depending upon multiple factors like the type of account and the network speed.
How do I contact Binance directly?
However, the users have the access to their email through which you can avail help get answer to your querry. But make sure that you put Binance emails into whitelist in order to receive the messages in your inbox or might also have to visit your Spam folder as the emails sent to your from Binance may sometimes lie under the Spam folders. So here is the list of all the support email.
If you believe your Binance account has been compromised, please call on Binance toll-free number for help. For all other inquiries, you can use the above form to contact Binance Phone Support.
Support Center | Submit a request