Cryptocurrency exchange Binance US is now open for registration and deposits in most of the states. However, it will not be open to 13 US states.
Binance US will not be available in Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, and Washington. Nonetheless, the exchange assured that it will work towards bringing its operations in these states. For the states where the exchange will be operational, new users with a valid government ID and social security number (SSN) will be eligible for registration.
Initially, the platform will support 6 cryptocurrencies. It thus includes Bitcoin, (BTC), ether (ETH), XRP, bitcoin cash (BCH), litecoin (LTC) and the tether stablecoin (USDT). Regarding the trading fee, the charges for personal accounts will be a flat fee of 0.10 percent per trade. The charges for corporate accounts will vary depending on their trading volume. However, the crypto firm will charge zero fees until Nov. 1, 2019. Initially, U.S. customers can buy the cryptos with USD through ACH or wire transfer methods. The firm will later explore other options as the users demand.
Binance dot com will automatically transfer the funds of the users who already have deposits with the firm to the US platform. This is because Binance US is a separate entity that operates under the BAM Trading Services, as per the source.