Binance.US vs LetsExchange

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

VS
Feature
Ratings
Our score4.1/52.8/5
User ratingNo reviews yetNo reviews yet
Fees5.02.5
Security & trust4.02.0
Asset selection4.04.5
Ease of use4.02.5
Support3.53.0
Specs
MarketsSpot, OTCSpot
Maker fee0%Not disclosed
Taker fee0.02%Not disclosed
Coins listed2006,154
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHBank transfer, Card, Apple Pay, Google Pay
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 certifiedNot disclosed
Futures & perpetuals No No
Copy trading No No
P2P market No No
Earn / savings products Yes No
User protection fund NoNot disclosed
Referral program Yes Yes
Company
Founded20192021
HeadquartersUnited States—
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
  • Supported over 5,000 crypto assets and 300 blockchain networks
  • Non-custodial trades did not require LetsExchange to hold user balances
  • Instant crypto-to-crypto swaps required no mandatory account sign-up
  • Integrated on-ramps supporting more than 60 fiat currencies
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
  • Permanently ceased all exchange operations on October 1, 2026
  • Customer support assistance concludes entirely after November 30, 2026
  • Fiat purchase ramps relied on third-party processors requiring external KYC
  • Suffered a past social media account compromise on X
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsFormer users resolving final payouts, Historical crypto liquidity research

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.