Cryptocurrency Q&A
Is Binance still legal in Canada?
Is Binance still legal in Canada?
JejuJoy
Fri Mar 29 2024
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6 answers
959
I've been hearing a lot about Binance lately, and I'm curious if it's still operating legally in Canada. I know that cryptocurrencies and blockchain technology have been gaining popularity, but I'm not sure if all the platforms and exchanges are compliant with Canadian laws. Could you please provide some clarity on this matter? I'm particularly interested in Binance because of its size and reputation, but I want to make sure I'm not breaking any laws by using it.
6 answers
Valentina
Sun Mar 31 2024
KYC verification cannot be completed with a Canadian ID.
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CryptoPioneer
Sun Mar 31 2024
Without successful KYC verification, the daily withdrawal limit is limited to 10 BTC.
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Sofia
Sun Mar 31 2024
Fiat currencies cannot be used to purchase cryptocurrencies on the platform.
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SamuraiCourageous
Sun Mar 31 2024
Binance is prohibited in Canada due to the country's financial trading restrictions.
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SakuraSpiritual
Sun Mar 31 2024
Canadians can access the platform using a VPN.
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