Binance.US vs SimpleSwap

Binance.US4.1/5

VS

SimpleSwap4.1/5

Feature	Binance.USVisit	SimpleSwapVisit
Ratings
Our score	4.1/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	5.0	3.0
Security & trust	4.0	4.0
Asset selection	4.0	5.0
Ease of use	4.0	4.5
Support	3.5	4.0
Specs
Markets	Spot, OTC	Spot
Maker fee	0%	Not disclosed
Taker fee	0.02%	Not disclosed
Coins listed	200	2,800
Fiat deposit methods	Bank transfer, Card, Apple Pay, Google Pay, ACH	Card
KYC required	Yes	No
Accepts US customers	Yes	Not disclosed
Proof of reserves	Yes	Not disclosed
Staking / earn	Yes	Not disclosed
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	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	No	No
Copy trading	No	No
P2P market	No	No
Earn / savings products	Yes	Not disclosed
User protection fund	No	Not disclosed
Referral program	Yes	Yes
Company
Founded	2019	2018
Headquarters	United States	—
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	No account registration required for standard crypto-to-crypto swaps Non-custodial model delivers converted assets directly to personal wallets Extensive catalog covering more than 2,800 cryptocurrencies Choice between fixed guaranteed rates and floating market rates
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	Built-in exchange spreads can exceed traditional spot order-book trading fees Transactions flagged by automated AML risk scoring trigger sudden KYC holds No order books, limit orders, futures, or margin trading Fiat purchases rely on third-party processors with separate fees and verification
Best for	U.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewards	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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