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The comparison of Binance vs Binance.US ultimately comes down to financial regulations in the United States.
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SafeMoon is one of the most popular new cryptocurrencies of 2021, but can you buy the currency on the Coinbase or Binance exchanges?
Although it’s theoretically possible for a new blockchain copy’s previously unverified transactions to be entirely fee-free, this almost never happens in practice.
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Clear regulation would mean the removal of a “significant roadblock for cryptocurrency,” says Wang, since U.S. firms and investors are operating without clear guidelines at the moment.
If you outright buy Bitcoin with USD, you will pay a 0.5% fee on Binance.US. If you want to spend $100 to buy Bitcoin using this option, you’d end up trading about $99.50 after fees.
Bitcoin price hits new record high - why is Bitcoin up today? Cryptocurrency prices of Bitcoin, ETH and Shiba Inu (Image credit: Getty Images/Canva Pro)
People in the crypto community say it will be the next “Shiba Inu or Safemoon” due to its tremendous growth and expected great things ahead.
Dogecoin has added nearly 3 percent over the last day and is priced at $0.28. In the last week, it has climbed over 2 percent.
livetvarrowprintemailchatlinkedinredditWhatsAppfacebooktwittermorenotificationsearchsnapchatkoo BTC $65,305 ETH $4,753 XRP $1.22 BCH $676 XMR $269.9 DASH $231 EOS $4.97 ZEC $216 ADA $2.095 NEO $49.44 BNB $628 XLM $0.392 USDT $1.0008 MIOTA $1.33 DOGE $0.27 BTC $65,305 -4.35% ETH $4,753 -1.81% XRP $1.22 -7.34% BCH $676 -6.01% EOS $4.97 -6.48% DOGE $0.27 -1.46% BTC/USD “crashes” 87% on Binance’s U.S. platform, drawing irritation from traders who criticized order book depth.
When it comes to fees, both platforms have the same standard fee of 0.1%. The difference is that additional fees vary, depending on whether you are within the U.S. or not. For example, fees for bank transfers to your Binance account are free outside the U.S. However, depending on your method of transfer, U.S. users may pay up to 4.5%.
This, for users in the U.S., is rather unfortunate, making it a slower experience overall, perhaps leading to some finding alternatives to Binance.US. While the options in the U.S. are more limited, there are alternatives to Binance.US.
The billionaire entrepreneur said: “We are concerned about rapidly increasing use of fossil fuel for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
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And, importantly, just because cryptocurrency is secure does not make it safe. As much as some of the recent popularity of cryptocurrency is driven by investors’ belief in its value, that value is still based on speculation. For those who invest in crypto, it will be among the riskiest investments they make.