Binance Direct Stocks vs bStocks: real shares or tokenized stocks? (2026)
In 2026 Binance gives you two ways to buy US stocks: Direct Stocks (real shares through the Alpaca broker) and bStocks (tokenized securities issued by BTech Holdings). Both give you exposure to the same US stocks, but the legal nature, dividend treatment, trading hours and whether you can withdraw to your own wallet are completely different — and you can convert between them 1:1 for free. This article explains the essential difference, how dividends actually work, the fees and the risks, then gives you a situation-by-situation selection table.