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Binance.US vs CryptoLocally

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

Binance.US4.1/5
VS
CryptoLocally1.6/5
Feature
Binance.USVisit
CryptoLocallyVisit
Ratings
Our score4.1/51.6/5
User ratingNo reviews yetNo reviews yet
Fees5.02.5
Security & trust4.01.5
Asset selection4.02.0
Ease of use4.01.0
Support3.51.0
Specs
MarketsSpot, OTCP2P
Maker fee0%Not disclosed
Taker fee0.02%Not disclosed
Coins listed200Not disclosed
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHP2P
KYC required Yes No
Accepts US customers YesNot disclosed
Proof of reserves YesNot disclosed
Staking / earn YesNot disclosed
Mobile app YesNot disclosed
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesNot disclosed
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certifiedEscrow smart contracts
Futures & perpetuals No No
Copy trading No No
P2P market No Yes
Earn / savings products Yes Yes
User protection fund NoNot disclosed
Referral program YesNot disclosed
Company
Founded20192019
HeadquartersUnited StatesHong Kong
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1Alameda Research, 3Commas, Genesis Block, IOSG Ventures +3
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
  • Non-custodial trading architecture using on-chain escrow smart contracts
  • No mandatory identity verification (KYC) required to trade
  • Supported multiple base networks including EOS, Tron, Ethereum, and BNB Chain
  • Integrated user reputation and feedback scoring for counterparty evaluation
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
  • Platform discontinued and website offline since October 2024
  • Relied on lead funding from Alameda Research
  • Non-custodial escrow remains vulnerable to fiat counterparty payment disputes
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsHistorical peer-to-peer exchange research, Discontinued EOS and Tron trading, Non-custodial crypto market studies

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