Can US customers still use Binance? (2024)

Can US customers still use Binance?

So, can you use the original Binance in the US? Yes, if you're using a VPN, you can set up and register for an account. Just keep in mind that American citizens are not allowed to use the crypto exchange. If you want to set up a Binance account, you must first verify your identity.

Can US citizens still use Binance?

On June 13, 2023, Binance.US began its transition to a crypto-only exchange, which means we no longer accept USD deposits and withdrawals for the time being — until we are able to secure stable banking partners. Binance.US completed this transition on July 21, 2023.

Is Binance open to US customers?

About Binance.US

Binance is the largest crypto exchange on the planet, but U.S. customers cannot trade on the platform. Instead, they are pointed toward Binance.US, which is available to residents of most, but not all, U.S. states. The exchange has built up a tremendous suite of products and supported cryptocurrencies.

Is Binance working in USA?

Yes, you can access Binance with the help of a VPN when traveling to the US. But note that not all VPN services are equally effective. So when choosing one, you need to pay attention to several factors, including the number of servers, security features, support options, and so on.

Is Binance no longer accepting USD?

Users cannot withdraw USD without first converting it to stablecoins or another digital asset. Binance US notified users of the update via email and provided detailed instructions.

Is Binance blocked in the US?

The original platform stopped accepting U.S. users in 2019, and announced it would instead partner with a U.S.-based version of its platform called Binance.US. In 2019, Binance was banned in the United States on regulatory grounds and is no longer accessible for U.S. citizens.

Can US citizens use Binance with VPN?

Yes, it's perfectly legal to use a VPN with Binance. However, you should bear in mind that Binance is banned in the US. Therefore, using a VPN to access it while you're in the US goes against Binance's Terms of Service. If Binance detects that you're using a VPN, it might ban you from the site.

What will happen to Binance users?

Binances' Response

“Existing users who already have the Binance app are not affected. We remain committed to the adherence of local regulations and laws and we are dedicated to maintaining active communication with regulators to ensure user protection and the development of a healthy Web3 industry,” Binance said.

What happens if Binance catches you using a VPN?

🤳 BINANCE said users should not use a VPN to access the exchange, This could lead to the suspension of their accounts. 🔆Since the Indian gov banned Binance, Kucoin, Mexc, and a few other URLs, there has been a significant increase in people using VPNs to access these exchanges.

Is Binance safe now?

Binance is one of the world's most secure and trustworthy exchanges that features multiple layers of 'bank-like' security measures and management protocols to ensure the 100% safety of its customers personnel information and funds.

How do I get my money out of Binance?

Log in to Binance: Access your Binance account. Go to Wallet: From the menu, select “Wallet.” Click on “Withdraw”: Select “Withdraw” from the menu. Select “Withdraw Fiat”: Choose “Withdraw Fiat” at this step.

Which Binance app to use in US?

- Download the Binance.US app today and experience a fast, easy, and secure way to trade crypto.

Should I use Coinbase or Binance?

Coinbase: Ideal for beginners due to its user-friendly interface and educational materials. Binance: Offers a more comprehensive set of tools and lower fees, making it a solid choice for experienced traders. However, Binance.US, the American version of the exchange, has limited options compared to the global platform.

Why is USD suspended on Binance?

In early June, the firm suspended dollar deposits, saying the U.S. Securities and Exchange Commission's (SEC) "extremely aggressive and intimidating tactics" against the crypto industry had left banking partners reluctant to engage with the sector.

Why can't I withdraw my money from Binance?

Occasionally, we may need to lock your account if you have made recent changes to it. For example, if you have reached out to our team to reset your two-factor authentication, or you have changed your password, we will temporarily disable your ability to withdraw.

What is the issue with Binance in the US?

In November, Binance agreed to pay a $4.3 billion settlement to the U.S. government, including a forfeiture of $2.5 billion and a fine of $1.8 billion. Former Binance CEO Changpeng Zhao was charged with violating the Bank Secrecy Act and agreed to step down.

What will happen if Binance shuts down?

Depending on the reason for the shutdown, Binance could face legal actions, asset freezes, or hacking attempts that could jeopardize the security and availability of the funds. Users who store their crypto assets on Binance would risk losing their money or having to wait for a long time to get it back.

Is Binance going to be banned?

The Philippines Securities and Exchange Commission (SEC) has announced that it has started to block Binance's online “presence.” A formal request for the National Telecommunication Commission to block Binance's website and associated pages was approved earlier this month.

What is the best crypto exchange in the US?

Is it illegal to use a VPN to buy crypto?

Using a VPN to trade cryptocurrencies is perfectly legal in most countries. After all, VPNs are a popular cybersecurity tool used to stay secure online. However, using a VPN for trading in countries where cryptocurrencies are illegal, such as China, Egypt, and Bolivia, isn't recommended.

Can Americans use Binance International?

However, a VPN hides your IP address and replaces it with an IP address from another country by rerouting it through that country's servers. So, by choosing an IP address from any country that is supported by Binance.com, you can access Binance from anywhere in the world, including the US.

Can I use Binance without verification?

Can I buy on Binance without verification? No, All users are needed to verify their accounts in order to access Binance products and service offerings, including cryptocurrency purchase, trades and withdrawals.

Why are people leaving Binance?

Key Binance executives who have been helping the world's biggest cryptocurrency exchange navigate a widening regulatory crisis, including US allegations of fraud, are leaving the company along with many of its US employees, according to people familiar with the matter.

What is the controversy with Binance?

Binance processed around $27 million with a cryptocurrency "mixing" service making transactions harder to trace. Binance users included ransomware gangs and bad actors that pulled cryptocurrency from other exchanges. Binance facilitated transactions with militant groups such as Hamas.

What is the downfall of Binance?

Binance, which is one of the world's largest cryptocurrency exchanges, is now seeing its downfall in India after the government decided to block its URLs in the country due to non-compliance with government norms.