Time.com - Binance.US Review 2021: Low Fees, But Investors Should Take a Pass

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Title Time.com - Binance.US Review 2021: Low Fees, But Investors Should Take a Pass
Url https://time.com
Image time.com - Binance.US Review 2021: Low Fees, But Investors Should Take a Pass
Description Time.com - Binance.US Review 2021: Low Fees, But Investors Should Take a Pass Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. Before You Start Binance.US can grab investors’ attention with lower fees than many other cryptocurrency exchanges, but we’d recommend paying a bit more for added transparency. Binance.US is an American partner of Binance, the world’s largest cryptocurrency exchange by trading volume, and which was founded in China in 2017. The original platform stopped accepting U.S. users in 2019, and announced it would instead partner with a U.S.-based version of its platform called Binance.US. Since the 2019 introduction of Binance.US, which Binance has referred to in the past as a U.S. partner, the international Binance has faced regulatory scrutiny — though that scrutiny has not extended to Binance.US. For example, Italian regulators announced on July 15 Binance was no longer authorized to operate in the country. As recently as May 2021, Binance was under investigation by the U.S. government for tax fraud and money laundering, according to reporting by Bloomberg. https://time.com/

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