Account Registration Details

Binance.US, the American counterpart of the prominent cryptocurrency exchange, has officially announced the start of account registrations, but there’s a catch! Only a limited number of states will be welcomed into the Binance fold. The registration kicks off at 8 a.m. ET on September 18 for most states, but if you happen to live in New York, Washington, Florida, or a plethora of others, then it’s time to make alternative plans.

States Left in the Cold

Here’s the not-so-joyous list of states currently excluded from the launch: Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, and Washington. A total of 13 states will not be participating in this round. Talk about a crypt-ic predicament!

A Message of Hope

In a blog post addressing the situation, Binance.US reassured its potential customers:

“Although it is upsetting that we cannot offer Binance.US in [these] states […] at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home.”

This implies that it’s not a permanent ban, just a temporary hiccup in their expansion strategy. So, hold onto your digital wallets; better days could be ahead!

No Fees, For Now!

Good news for those eager to dive into crypto trading. Binance.US promises there will be no trading fees until November 1. So, feel free to trade away—without the pesky fees nibbling at your profits—at least for a little while!

What Coins Can You Trade?

Once you’ve successfully registered and gone through the account verification process, you’ll be able to transfer a range of cryptocurrencies. The supported coins at launch include:

• Bitcoin (BTC)
• Ether (ETH)
• Ripple’s XRP
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Tether (USDT)
• USD

So, whether you fancy trading the classic BTC or some USDT, it seems Binance.US has you covered—unless, of course, you live in one of those unlucky states.

Understanding the Separation from Binance.com

It’s crucial to understand that Binance.US operates as a distinct entity, separate from Binance.com. This means even though they share the name, users in the U.S. will have their digital assets stored in Binance.US wallets and will experience a different trading environment. This is particularly important for U.S. users to keep in mind to avoid any confusion.

The Big Picture

As of September 11, Binance’s broader operations, including its futures markets, were raking in a jaw-dropping 24-hour trading volume exceeding $150 million in USDT. That’s enough to make even the most experienced investors sit up and take notice! Will Binance.US be able to carve out its own niche in the competitive landscape of cryptocurrency exchanges? Only time will tell, but judging by their ambitious plans, they sure are off to an interesting start!