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Top 7 Binance.US Alternatives That Support USD Withdrawals

10 mins
Updated by Maria Petrova
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As Binance.US’s operations come under the SEC’s wrath, impacting customers’ ability to access funds, many users are looking for a new place to trade crypto. This guide lists our top seven Binance.US alternatives, ensuring you can withdraw your dollars safely while benefiting from a secure, usable platform to buy, sell, and earn from your crypto.

Why look for Binance.US alternatives?

binance alternatives

Binance.US is a behemoth in the centralized exchange (CEX) landscape and a popular choice for crypto enthusiasts based in the United States. However, like many of its CEX peers, Binance has become a victim of the U.S. Securities and Exchange’s (SEC’s) rulings.

On Oct. 17, 2023, Binance.US updated its terms of service. The platform now no longer supports direct withdrawals in U.S. dollars. This unprecedented move followed a series of regulatory actions by the SEC.

In June 2023, the SEC suspended dollar deposits on the platform. Since then, the regulatory body has sued the Binance.US founders for operating what it claims is an unregistered security platform.

The halting of deposits and withdrawals on the platform mounts pressure on crypto investors who prefer to trade in USD. Hence, these users might opt for less embattled Binance.US alternatives that still support USD transactions.  

What are the best Binance.US alternatives?

Cryptos
240+
Minimum deposit
No minimum
Mobile app
Android and iOS
Cryptos
220+
Minimum deposit
$1
Mobile app
Android and iOS
Cryptos
80
Minimum deposit
$100
Mobile app
Android and iOS
Cryptos
10
Minimum deposit
No minimum
Mobile app
Android and iOS
Cryptos
250+
Minimum deposit
$1
Mobile app
Android and iOS
Cryptos
30+
Minimum deposit
$1,000
Mobile app
Android and iOS
Cryptos
400+
Minimum deposit
$10
Mobile app
Android and iOS

What criteria have we used for selection?

binance alternatives why we chose

The platforms listed above have been selected using a number of key criteria. We look for the following attributes:

User-friendly interface

The user interface is important for anyone selecting a Binance.US alternative. All of the above platforms allow users to navigate their platform relatively intuitively. Hence, even first-time traders can make quick and easy withdrawals. Coinbase is particularly beginner-friendly, providing a clean layout with simple instructions to execute a withdrawal.

Security features and protocols

Security remains paramount when choosing a Binance.US alternative. We considered various security features and protocols these platforms employ to protect their users’ digital assets.

The most reliable Binance.US alternatives employ two-factor authentication, cold storage, high encryption protocols, and anti-phishing measures. Kraken, in particular, stands out as a large-scale CEX with a security-first reputation.

Low withdrawal fees

Low withdrawal fees allow users to maximize their withdrawals and profits, while high withdrawal fees can eat into investments made from trades. This is especially true for investors who conduct regular trades of cryptocurrencies. For example, BYDFi offers competitive rates between 0.1% and 0.3% on cryptocurrency investment.

Variety of listed cryptocurrencies

Diversifying a crypto exchange’s portfolio helps attract more users’ interest in different digital assets. Hence, a good Binance.US alternative must offer a variety of listed cryptocurrencies that suit investors’ preferences. Diversification — investing in multiple cryptos and asset types — spreads risk and is a solid strategy most savvy investors follow.

Trading volume and liquidity

The liquidity of crypto is determined by a number of factors, from real-world use cases to overall popularity. High trading volumes and liquidity are crucial as they ensure efficient transactions. High liquidity means that a platform can easily meet its short-term debts, which is incredibly important when operating in a volatile market. It’s important to check liquidity across trading pairs on different platforms.

Customer support quality

The quality of customer support is key to user experience while transacting on any platform. Users should be confident that any issue they face can be dealt with quickly and efficiently by knowledgeable support staff.

Which Binance.US alternative is right for you?

If you’re looking for a Binance.US alternative, any one of the platforms listed above might be a good option. These alternatives offer competitive rates, good customer support, high trading volumes, and a diverse range of assets. The platform you choose should be based on your individual requirements. If you want early access to security tokens, INX’s offering may be the most attractive. Meanwhile, if you’re also interested in IRAs, iTrustCapital is worth a look. Remember to always do your own research and never invest more than you can afford to lose.

Frequently asked questions

Is there a U.S. version of Binance?

 What are the differences between Binance.US and Binance.com?

Why did Binance.US halt USD withdrawals?

What is better Coinbase or Binance?

Does Binance.US charge withdrawal fees?

Is Binance trustworthy?

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Chris Adede
Chris Adede is a versatile professional with five years of experience in content creation, IT, and project management. He has expertise in cryptocurrencies, fintech, and blockchain and has published author work with BeInCrypto, Hanshow, and NFT Monday. A project manager at Smart Prop Trader, Chris holds a number of professional qualifications and a BSC in Information Science from Moi University. Previously, Chris worked as a Digital Marketing Manager at Webnavs, where he honed his skills in...
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