Binance is warning against US-based user !

[Jromz 2158]

I think Binance is acting appropriately and they're just looking to stay away from trouble with the US government, it's clear from the beginning that US citizens are not allowed to use the platform due to the lack of regulation in the US, still many US citizens ignore this and create accounts in the platform, causing Binance to take this kind of actions to protect their interests. 

[Dorjoy12 8962]

15 hours ago, Raqeebzy said:

Binance can't meet up with the policies, hence, this big step was taken boldly. It is a shame but there are few other US based exchange which operates on US AML policies: talk about coinbase, Gemini etc. They are excellent ones in alternative to Binance.

 Its true that there has already many alt exchange site than binance  based US  but still a thing US user will missed up that binance is  top exchange site in crypto so every time its facilities plus feature will be pretty good..   Certainly coinbase is good for US user because its only support crypto legal country to trade that is why coinbase has less popularity too @Raqeebzy             

[Raqeebzy 6456]

2 hours ago, Dorjoy12 said:

 Its true that there has already many alt exchange site than binance  based US  but still a thing US user will missed up that binance is  top exchange site in crypto so every time its facilities plus feature will be pretty good..   Certainly coinbase is good for US user because its only support crypto legal country to trade that is why coinbase has less popularity too @Raqeebzy             

I do not support cheating in any case (if it would be considered as one; I see no reason because it's not against the exchange rules. But US binance users can make use of the exchange changing location to less restricted regions. This in order not to miss out on great and unique opportunities on their; again, if it isn't against the exchange rules. 

[Dorjoy12 8962]

2 hours ago, Raqeebzy said:

But US binance users can make use of the exchange changing location to less restricted regions

I dont think  those US user can survive long time in binancey if they follow out this process to trade in binance..  Actually all the exchange, forum and so on site can easily track the user ip address plus locations so it will be more harmful for US user funds available in binance..   @Raqeebzy that is why i think Binance will put some restrictions to US user then to trade..                

[Raqeebzy 6456]

2 hours ago, Dorjoy12 said:

I dont think  those US user can survive long time in binancey if they follow out this process to trade in binance..  Actually all the exchange, forum and so on site can easily track the user ip address plus locations so it will be more harmful for US user funds available in binance..   @Raqeebzy that is why i think Binance will put some restrictions to US user then to trade..                

True Dorjoy. You made a good point.

Looking at it, there will be sophisticated tools in determining real and actual location every user in the exchange operates from. Other than taking so much risks of getting account closed permanently with funds in it, it is better getting an account on different exchange.

[Dorjoy12 8962]

23 hours ago, Raqeebzy said:

, it is better getting an account on different exchange.

Ofcourse who want to lose Money @Raqeebzy??   As there has alternative way to earn money in crypto or trade then why every one should use binance..  I think Kucoin is one of the best comparing exchange site with binace and its popularity Increase on daily..   Kucoin, Bitfinex, Huobi still good exchange that contain feature like Binance       

[pablomarwan 3082]

I do not think so . Binance is the world's largest crypto platform. And what made her become such that everyone trusts, as well as her successful projects. We have to warn you that they have gained everyone's confidence. Including some Americans. These two people did not speak clearly of the reasons for which they did. And who made the platform do this with them. Also, if she did not want Americans on her platform, she would have closed anyone's server from America and would not register or view the home page. 

[Irungu 4299]

The united states loves to control and its important they are able to do so to make sure that they are not getting themselves into those mistakes that could bring their financial system down so to me UNITED states taking on exchanegs is important and any country should do so and its really powerful to do so and be glad to grow with it

[Khan 1414]

On 12/10/2020 at 4:13 PM, Raeess Sheharyar said:

Hello my friend, Binances is warning so we should be careful about all what he explain to us so that we should not be a victims of it, take care and thanks for sharing this information good luck...

Its good that the exchange are thinking about the security of the other users and also the wallets of their exchanges. As there many users who use the exchange as the SPY.

[KHALED ADWANI 1216]

I think the problem is political.

And that the US government was the one that asked Binance to leave the US market so that the US platforms were unique in the market and the number of users increased.

[Zafar123 906]

As reported by Decrypt, Binance is threatening a hard deadline to herd U.S. users off its original exchange platform (not to be confused with Binance US, which is legally open to U.S. residents). Email notices sent to U.S. users give them 14 days to withdraw funds before Binance shutters their accounts for good.

[Roan 2166]

Frankly, my friend, I have not used the Binance platform before and do not know much information about it

But there is no platform that wants to reduce the number of its users, the more users there are, the more profits the platform increases

Consequently, all bans in this area are due to violating the platform's rules

[zeshan1122 654]

I do not think they are doing it because the US users do not follow the terms but I think it is because the US has the ban on the use of the cryptocurrency that is why the exchange is not accepting these users.

[Whited35 15285]

On 11/30/2020 at 6:18 PM, Dorjoy12 said:

I exactly dont know yet why Binance exchange dont want US user like this..  By the way, what do you think about this news??  Will the popularity of Binance decrease for this?? 

It is not the fault from the end of Binance itself but USA is responsible for it. Have you noticed their bunch of regulations against cryptocurrencies? They want to trace credit history of everyone to detect whether there is tax evading cases or money laundering acts. Recently, they are proposing the regulations and if that comes into the contrast, all US-based exchanges will be starting their users to verify KYC. 

[abohasnn9 2401]

My friend, this news is a shame for all Americans, and the fact that the Binance platform is of American origin, I do not trust it at all, as it certainly will not ban this citizen who does the swindling, so this matter bothered me. Thank you.

[velasco19 1753]

I don't think their popularity will be affected because of that, we have to understand that the U.S. is a country that is restrictive with respect to crypto currencies and now with the SEC's demand for XRP, many exchanges must be careful to avoid having problems with that country and avoid possible scandals that could affect them.

[Dorjoy12 8962]

On 12/26/2020 at 10:47 AM, Whited35 said:

all US-based exchanges will be starting their users to verify KYC

 If so then usa based exchange security will be more secure plus maybe their popularity decrease as now a days lot of user use their exchange without any kyc.. Because of user security as many user also from banned crypto Country..   But still we hope there will have good news from them..            

[Whited35 15285]

6 minutes ago, Dorjoy12 said:

 If so then usa based exchange security will be more secure plus maybe their popularity decrease as now a days lot of user use their exchange without any kyc.. Because of user security as many user also from banned crypto Country..   But still we hope there will have good news from them..            

KYC was already mandatory on the most of the US-based cryptocurrency exchange. Some exchange were operating the services to the users without KYC but still there was a limit in  daily transactions. Remember, their main concern to enable KYC is to trace the credit history of each and every citizens who use crypto to prevent possible tax evading 🤣😜 ! 

[Dorjoy12 8962]

18 hours ago, Whited35 said:

Remember, their main concern to enable KYC is to trace the credit history of each and every citizens who use crypto to prevent possible tax evading 🤣😜 ! 

This is an cool strategy then 😂 because many usa citizens use different kind of global exchange site and yobit is one of them maybe so in this case they can easily escape the tax..   But usa citizens will face good facilities if they submit their kyc and i dont think the tax will be much higher which they can't accept..                  

[Whited35 15285]

21 minutes ago, Dorjoy12 said:

This is an cool strategy then 😂 because many usa citizens use different kind of global exchange site and yobit is one of them maybe so in this case they can easily escape the tax

Transactions records will be still traced despite they use the exchanges which do not require KYC. At least purchase of crypto by using fiat will be detected at some point and government will eventually freeze the holdings. It really the bad luck as we are expecting the financial freedoms off cryptocurrencies. After enabling the KYC on the exchange sites, they can easily trace credit history. 

[cryptovlek 2597]

Binance has already a US exchange so does it matter at all if the US traders move there? Since the citizens of this country are not allowed to trade in unregulated exchanges they should do that in the regulated or try to find p2p exchanges. Binance US is there and they can use that.

[Dorjoy12 8962]

4 hours ago, Whited35 said:

It really the bad luck as we are expecting the financial freedoms off cryptocurrencies

In this case,  those country citizens feel free to use to crypto currency where crypto is not yet listed..   Because those country govt take no serious action against crypto currency user...  But i do not think usa citizens need to have financial freedom because they need security first maybe 😅.. Also Their tax percent low..                      

[annayks 2314]

It is possible that US users of Binance will not follow to the directions of Binance and use the american exchange but use others, perhaps coinbase instead. Binance has seen very high volume and trading lately but I don't know what will happen if americans stop trading there. It could be bad news but the effect can be shown only in a Bitcoin downturn.

[Whited35 15285]

12 hours ago, Dorjoy12 said:

But i do not think usa citizens need to have financial freedom because they need security first maybe 😅.. Also Their tax percent low..                      

K do you think cryptocurrency and blockchain technology do not give them security if so 😂? Anyway, as the global economy power, each and every moves related to financial sectors from the US government does make the sense. I have frequently noticed, whenever I see a massive sell off orders in US stock markets, price of crypto also  start to get crashed. 

[Amir bhai 464]

I think this news may be fake because every sites wants to increase the users so i think this news may be wrong. So we should posts here 100 percent true news. Then our posts will be accepted and our reputation will be increase so this forum is huge opportunity to earn lots of profit by investing money here