Is Binance good for beginners?

Can I trust Binance US?

Despite its low fees, we do not recommend Binance.US, especially for beginners. Binance.US doesn’t offer any information about how your investment will be secured, stored, or protected by the firm, unlike other cryptocurrency exchanges.

How do you get a Binance coin in the US?

Go to CoinMarketCap and search for Binance Coin. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase Binance Coin as well as the currencies you can use to obtain it.1 day ago

Does Binance report to IRS?

Binance, a Malta-based company, is one of the most popular crypto exchanges in the world. However, it is no longer serving U.S.-based traders, so Binance does not report to the IRS.

How do I get my money out of Binance?

Cryptocurrency withdrawal guide

  1. Step 1 – Navigate to the ‘Fiat and Spot’ page. Login to your Binance account, then hover over the ‘Wallet’ link, click on the Fiat and Spot link of the drop-down menu.
  2. Step 2 – Navigate to the crypto withdrawal page.
  3. Step 3 – Select coin and transfer network.
  4. Step 4 – Confirm the transaction.

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