Binance.US vs Poloniex

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

VS
Feature
Ratings
Our score4.1/53.0/5
User ratingNo reviews yetNo reviews yet
Fees5.03.0
Security & trust4.01.5
Asset selection4.04.5
Ease of use4.03.5
Support3.53.0
Specs
MarketsSpot, OTCSpot, Futures
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 YesNot disclosed
Accepts US customers Yes No
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 Yes
Copy trading NoNot disclosed
P2P market NoNot disclosed
Earn / savings products YesNot disclosed
User protection fund NoNot disclosed
Referral program YesNot disclosed
Company
Founded20192014
HeadquartersUnited StatesUnited 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
  • Spot and futures markets in one exchange account
  • Dedicated API access for spot and futures trading
  • Network coverage includes 11 named blockchains
  • Operating history dates to January 2014
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
  • Customers face custodial exposure to exchange-controlled wallets
  • A November 2023 breach stole more than $114 million
  • Futures trading adds liquidation and leverage risk
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsSpot crypto traders, API-based trading, Futures traders

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