Binance, Exchanges

Can You Use Binance in Australia?

Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Binance is one of the most popular exchanges in the world and is frequently used by Australian traders.

However, Binance is not currently available to Australian residents. This is due to changes in regulations by the Australian Securities and Investments Commission (ASIC).

NOTE: WARNING: Binance is not available to Australian users. The Australian Securities and Investments Commission has issued a warning that the use of Binance by Australians may result in breaches of the Corporations Act. It is illegal for Australians to use Binance, or any other exchange, to buy or sell cryptocurrency. Any Australian who uses Binance does so at their own risk and could be subject to civil and/or criminal penalties.

In March 2018, ASIC released new guidelines for exchanges operating in Australia. These guidelines requires exchanges to have an Australian financial services license (AFSL) in order to operate in the country.

Binance has not yet applied for an AFSL, so it is not currently available to Australians. This may change in the future, but for now, Australians will need to use another exchange if they want to trade cryptocurrencies.

There are a number of other exchanges that Australians can use, such as Coinbase, Kraken, and Bitfinex. These exchanges all have AFSLs and offer a similar range of services to Binance.

Previous ArticleNext Article