Binance.US vs Phemex

Binance.US4.1/5

VS

Phemex3.5/5

Feature	Binance.USVisit	PhemexVisit
Ratings
Our score	4.1/5	3.5/5
User rating	No reviews yet	No reviews yet
Fees	5.0	3.5
Security & trust	4.0	3.0
Asset selection	4.0	4.0
Ease of use	4.0	4.0
Support	3.5	3.5
Specs
Markets	Spot, OTC	Spot, Futures, Margin, Copy trading
Maker fee	0%	0.01%
Taker fee	0.02%	0.06%
Coins listed	200	Not disclosed
Fiat deposit methods	Bank transfer, Card, Apple Pay, Google Pay, ACH	Bank transfer, Card
KYC required	Yes	Yes
Accepts US customers	Yes	No
Proof of reserves	Yes	Yes
Staking / earn	Yes	Yes
Mobile app	Yes	Yes
Licenses & registrations	FinCEN MSB, 32 US State Money Transmitter Licenses	Not disclosed
Security features	U.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certified	Cold storage, Merkle-tree Proof of Reserves, Multi-signature wallets, Two-factor authentication, Fireblocks custody
Futures & perpetuals	No	Yes
Max leverage (x)	Not disclosed	150
Copy trading	No	Yes
P2P market	No	Not disclosed
Earn / savings products	Yes	Yes
User protection fund	No	Yes
Referral program	Yes	Yes
Company
Founded	2019	2019
Headquarters	United States	Singapore
Investors	RRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1	Not 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	Competitive standard futures maker fee of 0.01% Offers up to 150x leverage on perpetual contracts Merkle-tree Proof of Reserves provides transparent solvency checks Built-in grid, martingale, and signal bots require no API setup
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	Standard contract taker fee of 0.06% is higher than major competitors Experienced a hot-wallet security incident in January 2025 Not available to US traders and lacks an EU MiCA license Requires mandatory identity verification to unlock full withdrawals
Best for	U.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewards	High-leverage derivatives traders, Maker-order algorithmic bot users, Traders using automated copy strategies

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