Cryptocurrency Q&A
What happens if I use Binance in the US?
What happens if I use Binance in the US?
ShintoBlessing
Fri Mar 29 2024
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7 answers
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I'm a bit confused about the regulations surrounding cryptocurrency exchanges in the US. I've been hearing a lot about Binance, but I'm not sure if it's legal to use in the States. Can you explain what the situation is with Binance in the US? Are there any specific risks or legal implications I should be aware of if I choose to use it? Also, are there any alternative exchanges that you would recommend for US users?
7 answers
Bianca
Sun Mar 31 2024
The US version of Binance's website does not support as many crypto assets as its international counterpart.
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CharmedVoyager
Sun Mar 31 2024
Margin trading, a popular feature among crypto investors, is not available on the US version of Binance.
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Arianna
Sun Mar 31 2024
Futures trading, another key offering in the crypto market, is also not permitted on the US-based platform.
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lucas_jackson_pilot
Sun Mar 31 2024
Accessing Binance in the United States requires the use of a reliable VPN service.
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SamuraiCourage
Sun Mar 31 2024
The primary reason for the limited functionality of Binance in the US is its utilization of securities that are not registered with the Commodity Futures Trading Commission (CFTC).
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