Binance.US vs Bitfinex

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

VS
Feature
Ratings
Our score4.1/53.4/5
User ratingNo reviews yetNo reviews yet
Fees5.04.5
Security & trust4.02.5
Asset selection4.04.0
Ease of use4.03.5
Support3.53.0
Specs
MarketsSpot, OTCSpot, Futures, Margin, OTC
Maker fee0%0%
Taker fee0.02%0%
Coins listed20062
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHNot disclosed
KYC required YesNot disclosed
Accepts US customers YesNot disclosed
Proof of reserves YesNot disclosed
Staking / earn Yes Yes
Mobile app Yes Yes
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesRegulated in El Salvador, Registered in the British Virgin Islands
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certifiedNot disclosed
Futures & perpetuals No Yes
Copy trading NoNot disclosed
P2P market No Yes
Earn / savings products Yes Yes
User protection fund NoNot disclosed
Referral program YesNot disclosed
Company
Founded20192012
HeadquartersUnited StatesBritish Virgin Islands
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
  • Recorded 0 trading fees for spot, margin and derivatives
  • Supports margin, derivatives, OTC and peer-to-peer funding markets
  • Offers API access for programmable trading
  • Available in 52 countries
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
  • Centralized custody exposes users to exchange and withdrawal-freeze risk
  • 119,756 BTC were stolen in the August 2016 breach
  • A $75,000 CFTC fine followed in June 2016
  • Margin and derivatives can magnify trading losses
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsProfessional margin traders, Derivatives traders, OTC digital-asset trading

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