binance.com and binance.us are not the same platform. binance.com is the global version, operated by Binance Holdings; binance.us is the US local version, operated by an independent company, BAM Trading Services. The two have no shared accounts, no shared assets, and different listings. For the vast majority of Chinese-speaking users, the one you need is the global version binance.com. You can enter directly via the Binance Official Site or download the Binance Official App. If you're on an Apple device, first see the iOS Install Guide.
Background of the Two Versions
When Binance was founded in 2017, it only had the global version binance.com. US regulation of cryptocurrency (especially FinCEN and SEC requirements) is much stricter than other regions, and many global-version features cannot be offered in the US. So in September 2019, Binance took the lead in establishing an independent company, BAM Trading Services, and launched binance.us through a licensing arrangement. binance.us is merely "licensed to use the Binance brand" — it is not an official Binance branch.
The Legal Relationship Between the Operating Entities
Per the 2023 settlement agreement between Binance and the US Department of Justice, binance.com pledged not to serve US users, while binance.us is independently licensed and operated by BAM Trading Services. The two companies' equity relationship, data isolation, and fund isolation all have mandatory separation. From a user perspective:
- Within the US, only binance.us can be used
- Outside the US, binance.com is used basically everywhere
- One person cannot hold accounts on both platforms simultaneously (in practice it is possible, but it requires KYC in different countries)
Which One Chinese Users Typically Use
99% of Chinese users use binance.com. binance.us requires users to provide a US Social Security Number (SSN) or ITIN for KYC — without a US identity, you cannot register. Even if you are studying or working in the US, without an SSN you can only look at the interface and cannot trade.
Functional Differences Between the Two
binance.us looks like a simplified version of binance.com, but the differences are bigger than imagined.
Huge Difference in Number of Supported Coins
The global version binance.com supports over 350 coins, while the US version binance.us, in the strictest period, was down to just 50–80. Many mainstream coins cannot be traded on the US version — for example, coins like SOL, ADA, and MATIC, which the SEC listed as "possibly securities," were delisted for a period.
Futures and Leverage Are Only on the Global Version
- binance.com: Spot, futures, options, earn, Launchpad, NFT — the full suite
- binance.us: Only spot trading and a small amount of staking
Futures (USD-M, COIN-M), leveraged tokens, and options — these products simply have no entry on binance.us. For people doing futures trading, this is the biggest difference between the two platforms.
P2P and Fiat Channels
binance.com's P2P supports nearly 30 fiat currencies including RMB, Indonesian Rupiah, Vietnamese Dong, and Thai Baht. binance.us only supports USD via three methods — ACH bank transfer, Wire Transfer, and debit card — with no C2C trading zone.
Side-by-Side Comparison of the Two Versions
The table below lists the core differences:
| Comparison Item | binance.com Global Version | binance.us US Version |
|---|---|---|
| Operating company | Binance Holdings | BAM Trading Services |
| Registration requirement | Passport / ID card | US SSN / ITIN |
| Number of coins | 350+ | 50–80 |
| Futures trading | Yes | No |
| Minimum deposit | From equivalent of 10 USDT | From 10 USD |
| Spot fee | 0.1% | 0.1% |
| Withdrawal networks | 50+ chains | About 20 chains |
| Customer service languages | 20+ including Chinese, English, Japanese, Korean | English and Spanish only |
| KYC tier | ID + face | SSN + driver's license + address proof |
| Regulator | Dubai VARA, Bahrain CBB, etc. | US FinCEN, each state's MSB |
As the table shows, binance.com clearly leads in product depth and coin breadth, while binance.us has stricter compliance but limited features.
Are the Accounts and Assets Really Not Connected?
Yes — the two platforms' accounts, balances, and KYC information are completely isolated. If you have a 10,000 USDT balance on binance.com, logging into binance.us will show the account does not exist. To move assets from one platform to the other, you can only use on-chain withdrawal:
- Withdraw USDT from binance.com to your own wallet address
- Generate a USDT deposit address on binance.us
- Transfer from the wallet to the binance.us address
Transferring TRC20 USDT once costs less than 1 USDT in fees, but ERC20 may cost 5–15 USDT in Gas fees.
How to Choose in Actual Use
For the vast majority of Chinese users, choosing binance.com is undisputed. Only in the following situations should you consider binance.us:
- Holding US green card or citizenship, with IP inside the US
- Only doing spot trading, not touching futures
- Needing to provide trade records to the IRS at tax time
- Getting paid in USD, making ACH deposit convenient
Accessing binance.us from Outside the US
In theory, binance.us restricts access to US IPs. Opening it outside the US shows "unavailable." So non-US users do not need to bother with binance.us — and cannot, since registration requires an SSN.
What to Do If You Accidentally Downloaded the binance.us App
If you accidentally downloaded the "Binance.US" app from the US App Store, opening it will prompt that it only serves US users. At this point, uninstall the app, switch the App Store to an international region (Hong Kong, Singapore, etc.), and re-search "Binance" — you will download the global version. The two app icons look similar, but the global version is displayed as "Binance: BTC, Crypto and NFTS," while the US version is "Binance.US - Buy & Sell Crypto."
Frequently Asked Questions
Q: Can I transfer my coins from the global version to the US version?
You can only transfer them via on-chain withdrawal. Withdraw the coins from the global version to your own wallet, then deposit from the wallet to the US version. Direct "internal transfers" are not possible because they are two separate systems.
Q: Has binance.us gone public?
Not yet. binance.us has long been planning an IPO but is delayed due to regulatory pressure, and currently remains a BAM Trading private company. The global version Binance is also not listed, despite multiple rumors during 2023–2024.
Q: Do the two companies share customer service and a ticket system?
Not shared. binance.com customer service can only handle global-version issues; for US-version issues they will direct you to submit a ticket on binance.us. The ticket number formats on both sides are different.
Q: Which version shows up when searching "Binance" on Google Play for Android?
It depends on your Google Play account region. The US region will prioritize binance.us, while other regions display the global version, Binance. You can view the developer name on the app details page: "Binance" is the global version, and "BAM Trading Services Inc." is the US version.
Q: If I have a US identity and do business in other countries, can I open both accounts?
Technically yes, but it is very troublesome to manage — both sides require KYC with different identity proof requirements. Moreover, per the post-2023 risk-control policy, the system detects when the same person has accounts on both sides simultaneously and may trigger risk control. It is recommended to keep only the one you use regularly.