Is Binance.US safe?
- Fee on a $1,000 buy
- $0by bank transfer
- Bank withdrawal time
- 1–5 days
- Coins
- 204
Binance.US's US customers work with BAM Trading Services Inc. Crypto kept on Binance.US isn't FDIC insured. Binance.US has 2 recorded incidents with dates, and sources are listed.
Licences and registrations for Binance.US
BAM Trading Services Inc runs Binance.US's US business.
According to Binance.US, its registration with FinCEN is as a money services business.
Binance.US doesn't hold a NYDFS licence for New York.
Its licences information page lists Binance.US's state licences.
Has Binance.US faced a hack? Incidents and enforcement
Every incident involving Binance.US links to the regulator or company statement that is its source.
| Date | What happened | Source |
|---|---|---|
| May 29, 2025 | Targeting Binance entities BAM Trading Services and Zhao, the SEC dismissed its civil enforcement action with prejudice. | sec.gov |
| June 5, 2023 | The 13 charges brought by SEC targeted Binance entities such as BAM Trading Services (Binance.US operator) and Changpeng Zhao. | sec.gov |
How your money is kept
No proof-of-reserves attestation appears on the Binance.US pages we reviewed.
Custody details from Binance.US say that all user assets are held 1:1 in full reserve. The majority of crypto is in offline, US-based cold storage.
Security rules for Binance.US require 2FA on each account. They include withdrawal address whitelisting.
Scams that target users, including Binance.US text scams
Your Binance.US password and 2FA code must remain private; don't send funds to a "safe wallet" if a text or call tells you to. Use only the app or website to reach Binance.US.
Does Binance.US have US FDIC insurance?
According to Binance.US's insurance information, USD balances are held at custodial institutions. We found no FDIC pass-through statement.
We earn a commission if you open an account through our links. It does not change the fees you pay or our score.
Open a Binance.US accountAdditional Binance.US information
Questions asked by people
Is Binance.US legitimate?
Customers in the US deal with BAM Trading Services Inc. Yes, Binance.US is a real business, and this page lists 2 dated incidents with sources.
Is crypto on Binance.US covered by US FDIC insurance?
Crypto isn't covered. According to Binance.US's insurance information, USD balances are held at custodial institutions. We found no FDIC pass-through statement.
What should you do when you receive a Binance.US code that you didn't request?
View it as a warning. Your Binance.US password and 2FA code must remain private; don't send funds to a "safe wallet" if a text or call tells you to. Use only the app or website to reach Binance.US.