Cryptocurrency is a risky investment, no matter where you buy it. It’s important to make sure you have other financial priorities in place before investing in crypto: save money in an emergency fund, contribute to your retirement savings, and pay off any high-interest debt. This article explains all you need to know about About Binance.us.
watch the below video About Binance.us:
About Binance.us Verification Process:
With lower fees than many other cryptocurrency exchanges, Binance.US can get investors’ attention. We’d rather pay a little more for a little more transparency.
A company called Binance.US is an American partner of Binance, the world’s largest cryptocurrency exchange by trading volume, which was founded in China in 2017. Binance.US is based in the U.S. In 2019, the original platform stopped taking users from the United States. Instead, it said it would work with a U.S.-based version of its platform called Binance.US.
It has been a problem for Binance as a whole since Binance.US was made available in 2019. Binance has called itself a partner with U.S. regulators in the past. On July 15, Italian regulators said that Binance was no longer allowed to work in the country.
According to Bloomberg, the U.S. government was still looking into Binance for tax fraud and money laundering in May 2021.
Today, US investors can’t use the original Binance. Binance.US, on the other hand, has more than 50 different cryptocurrencies for investors to choose from. Most people like Binance.US because it doesn’t charge as much as some other exchanges do. A simple buy/sell option for newbies is also available, while more advanced traders can use its “basic” and “advanced” platforms for more complex trades as well.
Even though Binance.US has a lot of advantages, it isn’t as open about security, storage options, and customer service as other exchanges. Long-term investors who want to save for the future should stick with exchanges like Coinbase or Gemini, which are much more open about how these operations work.
About Binance.us: How to Make Sure Your Account Is Safe
The United States makes it easy to trade, buy, and sell cryptocurrency. Before you can do that, you’ll need to verify your account, so you can do that.
It’s important to make sure your account is real.
1. You’ve already signed up for an account with your email address. Now, you’ll need to fill in some more information to finish Basic Verification and move on to the next step of the sign-up process.
2. Protect your account. You will be asked to protect your account. After you click “Secure Account,” you will be asked to set up SMS Authentication. Enter your cell phone number and click Send Code to get the code.
3.Enter the code that proves who you are. Enter the code that we sent you by text message. After you make sure you entered the code correctly, click Enable Authentication to start the process. Your 2FA method can be changed later, but when you sign up, we need you to send us a text message.
4.Make sure you are who you say you are. To use our platform, you will need to show that you are who you say you are. In this case, you should choose Verification for Institutions when you sign up. In this case, choose Verify Identity if you are a person.
It’s time to put in your information. Enter your full name and other information into the fields. Once you have filled in all of your information, click Next.
6. Make sure your home address is correct. Please enter your home address. Once you have entered it and checked that it is correct, click Confirm.
7.Read the terms of your account. Make sure you read the Account Agreement very carefully. Once you’ve read them and are sure you understand them, click Accept Agreement to agree to them.
8.Watch what is on the screen. Please fill in the information that is shown on the screen. If you need help with how to send in your Advanced Verification documents (ID and proof of address), check out our article Keys to Success When Verifying Your Binance! The US account. You can also go back to this step at a later time by going to the Basic Info page in your account settings when you’re logged in to your account.
9.Click on your dashboard to see what you have. Go to the Dashboard while you wait for your documents to be checked.
It’s time to get it checked. Your documents will be accepted when they are. You can then add a payment method and start using the platform!