Binance.US Security (2024)

Your crypto is in safe hands

We know that trust is built over every trade and transaction. Explore our robust security controls and safety measures designed to keep your funds protected.

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What makes Binance.US different

Peace of mind is critical when it comes to your crypto. That’s why our platform is built from the ground up with safety and security in mind.

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1:1 backed, full reserve platform

We maintain 1:1 reserves for all customer assets, so your funds are always safe, secure, and available. We do not lend or trade your assets without your permission.

Federal & State Licensed Exchange

As a fully regulated U.S. crypto exchange, Binance.US is registered with FinCEN and holds multiple money transmitter licenses that require rigorous examinations of its internal controls, security, compliance, and risk programs.

99.99% uptime for every customer

With our leading infrastructure and innovative technology stack, we consistently deliver 99.99% uptime across all platforms — from our website and API to our iOS, Android, and Apple Watch apps.

Secure digital asset storage

All customer assets are securely stored in U.S.-based storage facilities. Most assets are kept offline in cold wallets while a small percentage remains in circulation, secured by industry-leading hot wallet security, to support our customers’ daily transactions.

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Certified security & privacy controls

Binance.US continues to meet SOC 2 and ISO exam requirements, which are voluntary certifications of strict controls to ensure the security, confidentiality, processing integrity, availability, and privacy of all customer data on our platform.

Real-time monitoring for added protection

Our real-time risk management system monitors every withdrawal and deposit attempt, 2FA or password reset, and phone number, email, or device change. If it looks suspicious, we’ll automatically suspend withdrawals for up to 120 hours.

Proven security measures, independently validated by leading authorities

Our security program features world-class security controls that are verified by industry experts and third-party assessors — and validated through routine penetration testing conducted by external security firms.

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We maintain the highest standards for data privacy and information security, as independently validated by our ISO/IEC 27701:2022 and 27001:2013 accreditation.

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To ensure our security program meets or exceeds international standards for security and compliance, Binance.US has successfully completed its SOC 2 exam.

Powerful security features to protect your assets

We implement strict security controls and features designed to keep customer accounts and assets secure.

API key permissions

When connecting to third-party platforms via API, use our permissions feature to set the minimum level of access required for the platform to perform its task.

Anti-phishing code

To help verify that the email communications you are receiving are authentic, set a unique anti-phishing code that appears on the top of all inbound email communications from Binance.US.

Crypto withdrawal whitelisting

To help prevent unauthorized crypto withdrawals, customers can create and save a shortlist of approved crypto wallet addresses for withdrawals.

Data privacy controls

To protect your personal information and help prevent unauthorized access, customer data is encrypted and masked both in storage and in transit.

Real-time support

All customers can use our live chat feature to speak with a virtual agent, browse helpful self service topics, or connect with live support agents.

Proactive security monitoring

Analysts monitor news, intelligence feeds, and the dark web for evidence of third-party data breaches that may impact Binance.US customers who use shared login credentials or passwords.

Self-service account lock

Customers who encounter suspicious account activity or lose access to their phone or laptop can protect their funds by disabling their Binance.US account.

Two-factor authentication

To provide an extra layer of account security, all customers are required to add two-factor authentication (2FA), such as an app-based or SMS authentication method.

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Our promise to you

When you entrust us with your money, we take it seriously. Binance.US is a highly regulated, full-reserve platform that securely holds all customer assets on a 1:1 basis. We leverage battle-tested technology and proven security measures to help millions of customers access the crypto economy with confidence.

Crypto is better with Binance.US

Sign up to find out why millions of customers choose to buy, trade, stake, and store their crypto with Binance.US, one of the most regulated crypto platforms in the U.S.

Binance.US Security (2024)

FAQs

Is Binance blocked in the US? ›

Binance officially blocks access from IP addresses located in the United States, but "potential customers would be taught how to evade geographic restrictions", Forbes claimed.

Are US citizens allowed to use Binance? ›

Binance.US is available to most U.S. residents, unlike parent company Binance. But there are some restrictions. The exchange isn't available in Alaska, American Samoa, Hawaii, Maine, New York, the Northern Mariana Islands, Texas, the U.S. Virgin Islands and Vermont.

Can US customers still use Binance? ›

So, can you use the original Binance in the US? Yes, if you're using a VPN, you can set up and register for an account. Just keep in mind that American citizens are not allowed to use the crypto exchange. If you want to set up a Binance account, you must first verify your identity.

How safe is Binance USD? ›

Overall, while BUSD is a relatively stable and reliable stablecoin, it is not without its risks and limitations. As with any cryptocurrency or financial instrument, it is important for investors to carefully consider the risks and benefits before investing in BUSD.

Is Binance.US safe? ›

Binance.US is a highly regulated, full-reserve platform that securely holds all customer assets on a 1:1 basis. We leverage battle-tested technology and proven security measures to help millions of customers access the crypto economy with confidence.

Why did Binance get banned? ›

Binance was banned in response to its non-compliance with anti-money laundering laws in the country.

What happens if Binance catches you using a VPN? ›

Trading on Binance from an unauthorized country using a VPN goes against Binance's Terms & Conditions. This means that if you get caught, the assets can be frozen, and your access will be revoked. However, I've tested 29 services and selected the best VPN for Binance that safely bypass Binance's regional restrictions.

Can US customers withdraw from Binance? ›

There will be no option for cashing out in US currency. To withdraw dollars, users must first convert their funds to another digital asset or stablecoin. Binance US notified users of the update via email and provided detailed instructions for the new procedure.

Is it illegal to use a VPN to trade crypto? ›

Using a VPN to trade cryptocurrencies is perfectly legal in most countries. After all, VPNs are a popular cybersecurity tool used to stay secure online. However, using a VPN for trading in countries where cryptocurrencies are illegal, such as China, Egypt, and Bolivia, isn't recommended.

Which is better, Coinbase or Binance? ›

Binance offers advanced charting and a vast array of options, which can be overwhelming for beginners. Coinbase is considered the most user-friendly cryptocurrency exchange, with educational materials and an easy-to-use platform, although the platform also offers advanced trading for more experienced users.

What are the disadvantages of Binance? ›

Cons of Binance

Limited Fiat Options: The selection of supported fiat currencies may be limited. Risk of Hacks: Binance has experienced security breaches in the past. Withdrawal Fees: Binance may charge withdrawal fees for certain cryptocurrencies.

Is Binance safe to give ID? ›

It's definitely safe for you to provide your ID for verification as the ban doesn't mean you can't invest with binance.

Is there a risk with Binance? ›

It is impossible to trade without any risk, but there are a number of things that you can do to minimize your risk when trading on Binance. Here are a few tips: Use stop-loss orders. A stop-loss order is an order to sell an asset if the price falls below a certain level.

Is there a problem with Binance right now? ›

User reports indicate no current problems at Binance.

Is it safe to link a bank account to Binance? ›

Though Binance P2P allows buyers and sellers to choose from more than 700 different payment methods, bank transfers remain one of the most popular and desirable payment options on the platform. Bank transfers are fast and secure, with both free and low-fee options to choose from.

Why is Binance not working in the USA? ›

Is Binance banned in the US? No, but you can't use Binance fully in the US because it uses securities not registered with the Commodity Futures Trading Commission.

Which countries are blocked by Binance? ›

Here is a comprehensive list of countries where Binance has been banned worldwide:
  • Canada.
  • China.
  • Japan.
  • Italy.
  • Phillipines.
  • United States.
  • Australia.
  • India.
Mar 1, 2024

Why are crypto exchanges banned in the US? ›

In other words, as far as the SEC — the top Wall Street regulator — is concerned, just about any crypto exchange operating in the United States is illegal, because the regulator considers virtually all crypto tokens (minus bitcoin, which I'll get into later) as securities.

Does Binance P2P work in the USA? ›

Pay is a peer-to-peer payment feature that allows Binance.US customers to send and receive crypto from other Binance.US users. Pay transactions feature zero transaction fees and settle instantly, no matter what cryptocurrency you transact with. The feature is free to use with no fees.

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