As one of the world’s largest cryptocurrency exchanges, Binance has been a go-to platform for digital asset trading since its launch in 2017. However, due to recent changes in U.
S. regulation, Binance is no longer available to customers in the United States.
The U.S.
Securities and Exchange Commission (SEC) has been cracking down on unregistered securities exchanges, of which Binance is one. In March 2019, the SEC issued a warning to investors about the “potentially unlawful” activities of overseas exchanges like Binance.
In response to the SEC’s actions, Binance announced that it would be “geo-blocking” U. customers from accessing its platform. This means that U. residents are no longer able to create new accounts or log into their existing ones on Binance.com.
While this may be disappointing news for U.-based crypto traders, there are still plenty of options available for buying and selling digital assets. Below we outline a few of the most popular exchanges that U. residents can use instead of Binance.
NOTE: WARNING: Binance is a crypto-currency exchange platform whose services are restricted to certain countries and regions. As of June 2018, US customers are not able to use Binance due to regulatory issues. Any attempts to use Binance in the US could lead to legal consequences.
Coinbase is one of the most popular cryptocurrency exchanges in the United States and offers trading in a wide range of digital assets, including Bitcoin, Ethereum, Litecoin, and more. Coinbase is also one of the most user-friendly exchanges and is a great option for those new to crypto trading.
Kraken is another popular cryptocurrency exchange that offers trading in a variety of digital assets including Bitcoin, Ethereum, Litecoin, and more. Kraken is known for its low fees and has been around since 2011, making it one of the oldest exchanges in operation today.
Gemini is a New York-based exchange founded by the Winklevoss twins (of Facebook fame). Gemini offers trading in a variety of digital assets including Bitcoin, Ethereum, Zcash, and more.
Gemini is unique in that it is one of the few “licensed” cryptocurrency exchanges in operation today.
These are just a few of the many cryptocurrency exchanges available to U.
-based traders today. While Binance may no longer be an option for those in the United States, there are still plenty of other exchanges that offer a similar experience with a wide range of digital assets to choose from.
6 Related Question Answers Found
Yes, US users can still use Binance. Binance is one of the most popular cryptocurrency exchanges in the world and it is available in most countries. However, due to regulatory issues, Binance is not available in the United States.
As one of the world’s largest cryptocurrency exchanges, Binance has been a go-to platform for digital asset traders since its launch in 2017. However, since the exchange is based in Malta, there has always been some question as to whether US-based traders can use the platform. The short answer is yes, US residents can still use Binance.
Yes, US residents can use Binance. However, they must first go through a process called “ KYC,” or “know your customer.
” This process is required by US law, and it helps to prevent financial crimes like money laundering. Once you have gone through KYC, you will be able to trade on Binance just like anyone else.
As one of the world’s largest cryptocurrency exchanges, Binance is no stranger to change. The company has been forced to adapt to a number of different challenges, including regulatory pressures and hacking attempts. But can Binance still be used by US customers?
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. The company is based in Malta and was founded in 2017 by Changpeng Zhao. Binance is the world’s largest cryptocurrency exchange with a daily trading volume of over $2 billion.
The United States has been one of the most difficult places to trade cryptocurrency since the early days of Bitcoin. exchanges like Binance have been forced to change their policies and restrict access to US-based traders following new regulations. But is it still possible to use Binance in the US?