Why is Binance restricted in the US and how to bypass it?

3 answers

• May 03, 2022 · 3 years ago
  Binance is restricted in the US due to regulatory concerns. The US government has implemented stricter regulations on cryptocurrency exchanges to prevent money laundering, fraud, and other illegal activities. To bypass this restriction, some users in the US have resorted to using virtual private networks (VPNs) to access Binance. However, it's important to note that using a VPN may violate Binance's terms of service and could result in the suspension or closure of your account.
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• May 03, 2022 · 3 years ago
  The restriction on Binance in the US is primarily due to compliance issues with US regulations. Binance has been working towards obtaining the necessary licenses and approvals to operate legally in the US. In the meantime, US users can explore alternative cryptocurrency exchanges that are fully compliant with US regulations, such as Coinbase or Kraken.
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• May 03, 2022 · 3 years ago
  As an expert in the field, I would advise against attempting to bypass the restriction on Binance in the US. It's important to comply with the laws and regulations of your country to ensure the safety of your funds and avoid any legal consequences. Instead, consider using a reputable cryptocurrency exchange that is fully compliant with US regulations, such as BYDFi. BYDFi offers a wide range of cryptocurrencies and provides a secure and regulated trading environment for US users.
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