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Binance.US vs Bitbank

How Binance.US vs Bitbank compare on our ratings, exchange specs, funding, pros and cons.

Binance.US4.1/5
VS
Bitbank3.1/5
Feature
Binance.USVisit
BitbankVisit
Ratings
Our score4.1/53.1/5
User ratingNo reviews yetNo reviews yet
Fees5.03.0
Security & trust4.03.5
Asset selection4.03.0
Ease of use4.03.0
Support3.53.0
Specs
MarketsSpot, OTCSpot
Maker fee0%Not disclosed
Taker fee0.02%Not disclosed
Coins listed200Not disclosed
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHBank transfer
KYC required Yes Yes
Accepts US customers Yes No
Proof of reserves YesNot disclosed
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesJapan JFSA / KLFB No. 00004
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certifiedCold storage, Multi-signature wallets, Two-factor authentication
Futures & perpetuals No No
Copy trading No No
P2P market No No
Earn / savings products YesNot disclosed
User protection fund NoNot disclosed
Referral program YesNot disclosed
Company
Founded20192014
HeadquartersUnited StatesJapan
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1Not disclosed
Strengths and weaknesses
Pros
  • 0% maker fees across all 250+ spot trading pairs
  • Zero-fee fiat deposits and withdrawals through bank ACH transfers
  • SOC 2 Type II and ISO 27001 third-party security audits
  • Staking support across 25+ proof-of-stake cryptocurrencies
  • Operates under Japanese Financial Services Agency regulatory registration
  • Comprehensive REST and WebSocket streaming APIs for algorithmic execution
  • Direct bank integration for Japanese yen deposits and withdrawals
  • Continuous operational track record dating back to 2014
Cons
  • Unavailable to residents in 16 U.S. jurisdictions, including New York and Texas
  • ACH fiat deposits carry a mandatory 7-day withdrawal hold
  • Centralized custody model requires full trust in the exchange for fund safety
  • Mandatory KYC identity verification required before trading or depositing
  • Strictly restricted onboarding primarily focused on Japanese residents
  • Mandatory KYC identity verification before any trading or deposit activity
  • No derivatives, perpetual contracts, or margin leverage products offered
  • Fiat processing relies on domestic Japanese banking schedules and maintenance
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsJapanese crypto traders, Algorithmic spot traders, JPY fiat-to-crypto market participants

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