Exchanges

Binance US, the American arm of the popular cryptocurrency exchange Binance, has been one of the most talked-about exchanges in the crypto community since its launch in September 2019. One of the key selling points of Binance US is its commitment to compliance with US financial regulations, which includes Know-Your-Customer (KYC) and Anti-Money Laundering (AML) requirements.

One consequence of this commitment to compliance is that Binance US does not allow customers to deposit or trade using credit cards. This has been a source of frustration for some Binance US customers, who are used to the more lax approach to credit card usage on other exchanges.

However, there are a few workarounds that can be used to get around this restriction. The most popular method is to use a service like Changelly or Simplex to purchase crypto with a credit card, and then transfer those funds to your Binance US account.

NOTE: WARNING: Using a credit card on Binance US is not recommended due to potential fraudulent activity and other risks associated with using a credit card. The fees associated with using a credit card are typically higher than the fees associated with other payment methods. Additionally, there is no guarantee that your purchases will be successful and you may be subject to additional fees from your credit card issuer if the transaction is not successful.

These services usually charge higher fees than traditional exchanges, but they can be worth it if you need to get your hands on some crypto quickly.

Another option is to use a peer-to-peer (P2P) exchange like LocalBitcoins or Paxful, where you can buy crypto directly from another person using a variety of payment methods, including credit cards. However, it’s important to exercise caution when using P2P exchanges, as there is always the risk of being scammed by another user.

Ultimately, whether or not you can use a credit card on Binance US depends on how you go about it. If you’re willing to use a service like Changelly or Simplex, then you should have no problem buying crypto with your credit card.

However, if you want to stick strictly to Binance US, then you’ll need to find another method of funding your account.

Coinbase, Exchanges

Why Is Coinbase So Slow?

Max Ewing September 2, 2022 1:24 amJanuary 10, 2023

Bitcoin and Ethereum prices fell on Tuesday after Coinbase, the largest cryptocurrency exchange in the U.S.

, suffered an outage for several hours.

The sell-off was exacerbated by a report from The Wall Street Journal that the U.

Justice Department is investigating whether Coinbase engaged in insider trading ahead of its December listing on the NAsdaq.

Coinbase has been plagued by outages and delays over the past year, as it has struggled to keep up with the demand for cryptocurrencies. The exchange went down for several hours on Tuesday, preventing customers from buying or selling digital assets.

NOTE: This is a warning about why Coinbase can be so slow. Coinbase is a digital asset platform, which allows users to buy and sell cryptocurrencies. While it can be a convenient and reliable way to buy and sell cryptocurrency, Coinbase can sometimes be slow. This can be due to high traffic on the website, server issues, or other technical problems. As a result, it may take longer than usual for transactions to complete or pages to load. Therefore, users should exercise caution when using Coinbase and be aware that delays may occur.

The downtime coincided with a sharp drop in prices of Bitcoin and Ethereum, the two largest cryptocurrencies by market value. Bitcoin fell as low as $30,000 on Tuesday before rebounding to around $33,000, while Ethereum dipped below $1,900 before recovering to around $2,100.

Coinbase has blamed the outages on a number of factors, including record traffic levels and technical issues. However, some customers have accused the exchange of deliberately causing delays in order to manipulate prices.

The Justice Department’s investigation is still in its early stages, and it’s unclear if any wrongdoing will be uncovered. However, the news adds to the pressure on Coinbase, which is already facing scrutiny from lawmakers and regulators over its business practices.

Why Is Coinbase So Slow?

There are a number of factors that can contribute to why Coinbase is slow. These include: record traffic levels, technical difficulties, customer complaints about manipulation, and an ongoing investigation by the U.

Justice Department. While Coinbase has blamed these issues in the past, some customers remain skeptical about the exchange’s intentions.

Binance, Exchanges

Can You Use Binance Us in Texas?

Vanessa Stinson September 2, 2022 1:24 amJanuary 9, 2023

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is now live in Texas. The Malta-based firm announced the launch of its U.

S. platform on Tuesday.

The move comes after the exchange received a money transmitter license (MTL) from the Texas Department of Banking. The MTL allows Binance.

US to operate in Texas and provides it with “regulatory certainty” in the state, the firm said in a blog post.

Binance first revealed plans to enter the U.S.

market back in June 2019 with the launch of Binance US, a separate entity based in San Francisco. The exchange began beta testing last month and is now live with 14 trading pairs, including BTC/USD, ETH/USD, and XRP/USD.

NOTE: WARNING: It is important to be aware that Binance US may not be available in Texas. Before attempting to use Binance US in Texas, it is highly recommended to check the local regulations and laws regarding the use of cryptocurrency exchange services. Using Binance US in Texas could potentially lead to serious legal consequences.

The launch of Binance US comes as the crypto industry is facing increasing scrutiny from U.

regulators. Last week, the Securities and Exchange Commission (SEC) charged Ripple Labs with violating securities lAWS for selling unregistered digital assets, known as XRP tokens.

The SEC’s lAWSuit against Ripple is ongoing, but it has already had a ripple effect throughout the industry, with several exchanges delisting XRP and other Ripple products. Binance US is not currently offering XRP trading pairs on its platform.

In its blog post, Binance said it is “committed to complying with all applicable lAWS and regulations in each jurisdiction” where it operates. The exchange also noted that it has implemented “extensive KYC/AML processes” for all users on its platform.

Binance US is currently only available to residents of select states, including Texas. The exchange plans to roll out nationwide later this year.

Coinbase, Exchanges

Why Is Coinbase Buy Price Higher Than Market?

Tam Alford September 2, 2022 1:24 amJanuary 10, 2023

When you want to buy Bitcoin or other digital assets on Coinbase, you’ll notice that the prices are usually higher than the going market rate. For example, at the time of writing this article, the market price of Bitcoin was $9,700 but Coinbase was selling it for $9,900. So, why is Coinbase buy price higher than market?

The most likely reason is that Coinbase is trying to make a profit on each transaction. They’re a business after all and need to generate revenue to stay afloat.

By marking up the prices slightly, they can do just that.

NOTE: Warning: Coinbase buy price can be higher than market price due to several factors, including Coinbase’s fee structure, which includes a spread of up to 1.5% on transactions. Additionally, market volatility can also cause the buy price to increase or decrease in comparison to the actual market price. As such, it is important to be aware of these potential discrepancies before making any transactions.

Of course, this isn’t always the case. Sometimes, market prices on Coinbase can be lower than other exchanges.

This is usually due to supply and demand. If there’s more demand for Bitcoin on Coinbase than other exchanges, then the prices will naturally go up.

At the end of the day, it’s important to remember that Coinbase is a for-profit business. They want to make money just like any other business.

So, when you see that the buy price is higher than the market rate, it’s probably because they’re trying to make a quick buck off of your trade.

Binance, Exchanges

Can You Use Binance on Apple Watch?

Max Ewing September 2, 2022 1:24 amJanuary 9, 2023

Yes, you can use Binance on your Apple Watch. The process is simple and straightforward. Here’s how to do it:

1. Download the Binance app on your iPhone.

2. Open the app and sign in with your Binance account.

3. On the main screen, tap on the “Watch” icon.

4. This will bring up the Binance Watch app.

Select the “Add to Watch” option.

5. You will be asked to confirm that you want to add the Binance app to your Apple Watch.

Tap on the “Add” button.

6. The Binance app will now be added to your Apple Watch.

You can access it by tapping on the “B” icon on your watch face.

NOTE: It is important to note that using Binance on an Apple Watch is not supported. There is no official app or version of Binance available on an Apple Watch, and any third-party apps that claim to offer such services may not be reliable or secure. Therefore, it is strongly advised against using Binance on an Apple Watch, as it can potentially lead to data breaches and other security issues.

7. To trade on Binance, simply tap on the “Trade” button and select the cryptocurrency pair that you want to trade.

The Binance app for Apple Watch is a great way to trade cryptocurrencies on the go. It is simple to use and provides all the features that you need to trade effectively.

Coinbase, Exchanges

Why Did Coinbase Closed My Account?

Leslie Walton September 2, 2022 1:24 amJanuary 10, 2023

When it comes to online exchanges, there are very few that can rival Coinbase. The popular platform has been a go-to for those looking to buy and sell cryptocurrencies for years.

However, as with any online service, there have been instances of users having their accounts closed for various reasons. In this article, we’ll take a look at some of the most common reasons why Coinbase may close your account.

One of the most common reasons why Coinbase may close your account is if they suspect you of engaging in fraudulent activity. This could be anything from using stolen credit cards to trying to sell counterfeit coins.

If Coinbase suspects that you’re up to no good, they’ll likely shut down your account and prohibit you from using their service in the future.

NOTE: WARNING: Coinbase may close your account for a variety of reasons, including suspicious activity, failure to comply with its terms and conditions, or if your account is associated with fraudulent activity. If Coinbase closes your account without explanation, it is important to contact Coinbase directly to find out the reason for the closure.

Another reason why your Coinbase account may be closed is if you violate their terms of service. This could be anything from using offensive language on the platform to trying to hack into other users’ accounts.

If you break the rules, Coinbase will likely give you a warning before ultimately shutting down your account.

Lastly, Coinbase may also close your account if they believe you’re using it for illegal purposes. This could include anything from money laundering to drug trafficking.

If Coinbase has reason to believe that you’re up to something nefarious, they’ll shut down your account and report you to the authorities.

While there are a number of reasons why Coinbase may close your account, the most common ones are usually related to fraud or violating their terms of service. So, if you’re using the platform, it’s important that you play by the rules and avoid doing anything that could get you into trouble.

Binance, Exchanges

Can You Use Binance in Canada?

Tam Alford September 2, 2022 1:24 amJanuary 9, 2023

Binance is one of the most popular cryptocurrency exchanges in the world. Founded in 2017, Binance has quickly become one of the largest exchanges by trading volume.

Binance offers a platform for trading a variety of digital assets, including cryptocurrencies, tokens, and futures.

Binance is available in many countries around the world, including Canada. However, there are some restrictions on using Binance in Canada.

For example, users cannot use Binance to buy or sell cryptocurrencies with Canadian dollars (CAD). Instead, they must use another currency, such as US dollars (USD), to buy or sell cryptocurrencies on Binance.

Despite these restrictions, Binance is still a popular choice for Canadian cryptocurrency traders. This is because Binance offers a wide range of features and services that are appealing to users.

For example, Binance has low fees, a user-friendly platform, and a variety of digital assets available for trading.

If you’re looking to trade cryptocurrencies on Binance, you can do so by following these steps:

NOTE: This warning note is to inform all users of the Binance cryptocurrency exchange that the use of Binance in Canada is currently not supported. Although Binance has made its services available to a wide range of countries, Canada is not one of them. As such, any attempts to use or access Binance in Canada may result in legal consequences. Users are therefore advised to exercise caution and refrain from using Binance in Canada until further notice.

1. Sign up for a Binance account.

You will need to provide your email address and create a password.

2. Verify your account.

Binance will send you an email with a verification link. Click on the link and log in to your account to complete the verification process.

3. Deposit funds into your account.

You can do this by transferring funds from another cryptocurrency wallet or by using a credit or debit card.

4. Start trading! Once you have deposited funds into your account, you can start buying and selling cryptocurrencies on Binance.

Coinbase, Exchanges

Why Can’t I Verify My Bank Account on Coinbase?

Vanessa Stinson September 2, 2022 1:24 amJanuary 10, 2023

There are a few reasons why you might not be able to verify your bank account on Coinbase. First, make sure that you’re using the correct bank account and routing number.

If you’re still having trouble, it could be because your bank is not yet supported by Coinbase. Lastly, it’s possible that your bank is blocking Coinbase from accessing your account. Here’s a more detailed breakdown of each issue:.

1. Incorrect Bank Account or Routing Number

Make sure that you’re using the correct bank account and routing number when trying to verify your Coinbase account. If you’re unsure of which routing number to use, you can check with your bank or look it up online.

2. Bank Not Supported by Coinbase

Coinbase only supports certain banks at this time. If your bank is not yet supported, you will not be able to verify your account using that bank.

NOTE: WARNING: Coinbase does not allow users to verify their bank accounts for a variety of reasons, including incorrect account information, insufficient funds, or other issues. If you are unable to verify your bank account on Coinbase, please contact Coinbase Support for assistance.

You can check which banks are supported by Coinbase on their website.

3. Bank Blocking Coinbase from Accessing Your Account

It’s possible that your bank is blocking Coinbase from accessing your account. This could be for security reasons or because your bank does not yet support Coinbase.

If you think this might be the case, you can try contacting your bank to see if they can unblock Coinbase for you.

Binance, Exchanges

Can You Trade on Binance Us Without Verification?

Max Ewing September 2, 2022 1:23 amJanuary 9, 2023

Binance US, the American arm of the popular cryptocurrency exchange Binance, recently announced that it will be opening up trading to unverified accounts. This is big news for crypto users in the United States, as it will allow them to trade on one of the most popular exchanges without having to go through the lengthy and often difficult process of getting verified.

So, what does this mean for you? If you’re looking to start trading on Binance US, here’s what you need to know.

Can You Trade on Binance US Without Verification?

The short answer is yes, you can trade on Binance US without verification. However, there are a few things to keep in mind.

NOTE: WARNING: Trading on Binance US without verification is not recommended. Although you can trade without verification, it is highly risky as you will be subject to certain restrictions set by the platform. These restrictions could limit your trading activity, or even prevent you from withdrawing funds in the future. Therefore, it is highly recommended that you complete the verification process before trading on Binance US.

First, unverified accounts will have a daily withdrawal limit of $2,000. This is significantly lower than the $100,000 limit that verified accounts have, so if you’re looking to move large amounts of crypto around, you’ll need to get verified.

Second, unverified accounts will only be able to use select payment methods. Currently, the only payment method that unverified accounts can use is ACH bank transfers.

This may change in the future, but for now, if you want to use a different payment method (such as a credit or debit card), you’ll need to get verified.

Finally, it’s important to note that Binance US is not currently available in all states. If you live in a state that Binance US does not currently operate in ( such as New York or Florida), you will not be able to create an account – even an unverified one.

So, there you have it – everything you need to know about trading on Binance US without verification. While there are some restrictions placed on unverified accounts, it’s still possible to trade and withdraw small amounts of crypto without going through the verification process. So if you’re looking to get started with Binance US but don’t want to go through the hassle of getting verified, now you can!.

Coinbase, Exchanges

Why Can’t I Sell Crypto on Coinbase?

Vanessa Stinson September 2, 2022 1:23 amJanuary 10, 2023

If you’re like most people, you probably think that Coinbase is a great place to buy and sell crypto. After all, it’s one of the most popular exchanges out there.

However, what you may not know is that Coinbase doesn’t actually allow its users to sell crypto.

The reason for this is actually quite simple. Coinbase is a regulated financial institution and as such, it is subject to financial regulations.

NOTE: WARNING: Coinbase does not allow users to sell cryptocurrency on its platform. This is because Coinbase is a digital currency wallet and broker, not an exchange. As such, it is unable to facilitate the buying and selling of digital currencies between its users. If you are looking to buy or sell cryptocurrency, please ensure you are using a regulated exchange.

One of those regulations is the Know Your Customer (KYC) rule. This rule requires financial institutions to verify the identity of their customers before they can engage in any financial transactions.

In order to comply with KYC, Coinbase would need to collect a lot of personal information from its users, including things like their name, address, date of birth, and Social Security number. The problem is that many people who own crypto are not comfortable sharing this sort of information with an exchange.

As a result, Coinbase has decided that it is not worth the hassle of trying to comply with KYC in order to allow its users to sell crypto. So if you’re looking to sell your crypto, you’ll need to find another exchange that does not have the same restrictions.

MoneroV

Can You Use a Credit Card on Binance Us?

Why Is Coinbase So Slow?

Can You Use Binance Us in Texas?

Why Is Coinbase Buy Price Higher Than Market?

Can You Use Binance on Apple Watch?

Why Did Coinbase Closed My Account?

Can You Use Binance in Canada?

Why Can’t I Verify My Bank Account on Coinbase?

Can You Trade on Binance Us Without Verification?

Why Can’t I Sell Crypto on Coinbase?

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