government for tax fraud, money laundering, and insider trading as recently as September 2021, according to reporting by Bloomberg. You can also purchase crypto assets directly from the exchange with fiat currency via wire transfer – although this feature is only available to users in select countries like the US, Canada, and Australia.īinance.US was also under investigation by the U.S. This trading platform only supports Bitcoin (BTC) and Ethereum (ETH) trades, but you can fund your account using USD or EUR bank transfers or credit cards such as Visa or MasterCard. residents can use just as they would any other Bitcoin exchange or trading platform, and it currently operates outside regulatory compliance laws in America – meaning there are no laws yet that regulate cryptocurrency exchanges and activities based on blockchain technology like crypto assets, security tokens, etc.īinance.US offers lower fees than many other cryptocurrency exchanges, but we’d recommend paying a bit more for added transparency. This is an entirely different exchange that U.S. citizens may purchase Bitcoin on our partner exchange” residents.īinance’s response to the SEC’s announcement was swift and unequivocal: “We are currently exploring the possibility of working with a U.S. The deadline for this compliance passed without a response from Binance, and as a result, the exchange was blocked for all U.S. citizens can only use Binance.US to trade, but the company is actively working on obtaining the necessary licenses to offer its services to U.S. In contrast to its illegal parent company, BNBUS’ service remains unrestricted by any law that would tie it up with a particular geographical location or regulate its trading activity.īinance.US is a licensed money transmitter that operates under the laws of the state of Washington.
This company provided similar trading features and was created because of regulatory issues that prevented it from being accessible to all Americans before these limitations were lifted by the previous president Trump.
Binance partnered with a U.S branch called “Binance US.” However, there are no restrictions for U.S citizens who live in other states or countries to access Binance’s services on their servers.
#Binance us states how to#
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