As of September 2019, Binance is unavailable in Korea. The reason for this is because Binance is not registered with the Korean Financial Services Commission (FSC), which regulates cryptocurrency exchanges in the country.
While Binance is a popular exchange with a good reputation, it does not meet the requirements to operate in Korea.
This doesn’t mean that Koreans can’t use Binance, however. They can still access the exchange through a VPN, which allows them to change their IP address to one that is outside of Korea.
NOTE: WARNING: Binance is not currently available in Korea. Any attempt to use Binance in Korea may result in legal and/or financial penalties. Please be aware that using Binance in Korea is strictly prohibited and may have significant consequences.
This way, they can bypass the restrictions placed on Binance and trade on the platform like anyone else.
Of course, using a VPN comes with its own risks. The Korean government has been cracking down on cryptocurrency trading, and it’s possible that they could start Targeting those who use VPNs to access exchanges like Binance.
So while it’s technically possible to use Binance in Korea, it’s not advisable to do so unless you’re willing to take on the risks involved.
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South Korea has been a major player in the cryptocurrency market since its inception. The country is home to some of the largest exchanges and trading platforms, and its citizens are some of the most active traders in the world. However, the government has been notoriously hostile to cryptocurrencies, and has taken a number of steps to crack down on the industry.
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If you’re looking for a world-class cryptocurrency exchange, you can’t go wrong with Binance. Based in Malta, the exchange has quickly become one of the most popular choices among crypto traders. However, if you’re based in the United States, you might be wondering if you can still use Binance.
Binance is a cryptocurrency exchange that allows you to trade digital assets such as Bitcoin, Ethereum, and Litecoin. You can also use Binance to buy and sell other cryptocurrencies. Can You Use Credit Card on Binance?