Binance.US vs BitMEX

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

VS
BitMEX1.7/5
Feature
Ratings
Our score4.1/51.7/5
User ratingNo reviews yetNo reviews yet
Fees5.01.0
Security & trust4.02.5
Asset selection4.00.5
Ease of use4.01.5
Support3.52.5
Specs
MarketsSpot, OTCFutures, Spot
Maker fee0%Not disclosed
Taker fee0.02%Not disclosed
Coins listed200Not disclosed
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHNot disclosed
KYC required Yes Yes
Accepts US customers Yes No
Proof of reserves Yes Yes
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesSeychelles VASP (Transitional)
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
Max leverage (x)Not disclosed100
Copy trading NoNot disclosed
P2P market NoNot disclosed
Earn / savings products YesNot disclosed
User protection fund No Yes
Referral program Yes Yes
Company
Founded20192014
HeadquartersUnited StatesSeychelles
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1SOSV
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
  • Invented crypto perpetual swaps with leverage up to 100x in 2016
  • Continuous fund withdrawal access maintained throughout the operational wind-down
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
  • Trading services permanently ceased on 23 September 2026
  • Unclaimed balances face ongoing maintenance and inactive account penalty fees
  • Pled guilty in 2025 to Bank Secrecy Act violations and paid a $100M fine
  • Users face targeted phishing and impersonation scams during fund liquidation
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsFormer users withdrawing remaining balances, Traders exporting historical tax records, Researchers analyzing perpetual market history

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