Binance.US: The Best Exchange to Go From CeFi to DeFi

By 1securemf | Safer Smarter Crypto | 14 May 2022


Binance.US

Binance offers the lowest trading fees of any exchange. Coinbase charges buyers 0.60% but Binance only charges a 0.075% fee, making Coinbase's fees 8x higher than Binance.US.

Binance also allows users to buy BNB coin, the 3rd most valuable cryptocurrency in the world (excluding USDC and USDT). BNB powers the Binance Smart Chain (BSC) which is possibly the best blockchain for Decentralized Finance (DeFi).

In my opinion, the best way for American investors to get involved in DeFi is to open a Binance.US account, buy some BNB, then transfer that BNB to a hardware wallet like a Ledger Nano ($59).

Why do DeFi users need the security of a hardware wallet? Check out my article on what I wish I'd done before diving into DeFi.

How do you rate this article?


9

0

1securemf
1securemf

Writer and investor. Investing since age 10. Published journalist bylines include Rolling Stone and Port Magazine.


Safer Smarter Crypto
Safer Smarter Crypto

Investment strategies, analysis of cryptocurrencies, reviews of crypto exchanges (centralized and decentralized), and cybersecurity tips.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.