Binance, Exchanges

Can You Use Binance in Korea?

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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