Terms of Use | Binance.US (2024)

FAQs

Can US customers still use Binance? ›

Yes, you can use Binance in the US. But the American version of the platform (Binance.US) is quite limited compared to the international one. Also, Binance is entirely banned in several states, including New York, Texas, Louisiana, Hawaii, Idaho, and Vermont. For more details, check out this article.

Binance has been under investigation since at least 2018. Federal prosecutors requested access to internal documents, data on anti-money laundering initiatives, and correspondence between Zhao and others in December 2020.

Binance restricts withdrawals for various reasons, including abnormal user profiles, transaction patterns, operating behavior, devices, or environmental factors. For example, Binance may temporarily disable your account's withdrawals if you repeatedly send funds to a blacklisted address.

at 1 (844) 900-1450 or inquiries@binance.us. If you still have an unresolved complaint regarding BAM Trading Services Inc.

There are no fees to deposit crypto. But withdrawal fees may apply. Remember that USD withdrawals have been suspended, meaning ACH transfers aren't allowed. Fee calculations vary based on the asset, payment method, network conditions, etc.

If Binance detects that you're using a VPN, it might ban you from the site. And while using a VPN to log into Binance isn't illegal, any illegal activity done while you're connected to it will still be breaking the law.

Attempting to hide cryptocurrency from the IRS is illegal and can result in serious penalties, including fines and imprisonment. Exchanges such as Coinbase, Binance.US, and Crypto.com report customer data to the IRS, while many international exchanges like KuCoin, OKX, and Bitget might not.

In response, Binance and other investors opened Binance.US, a separate exchange designed to comply with all applicable US federal laws, which nonetheless is banned in six states: Hawaii, Idaho, Louisiana, New York, Texas, and Vermont.

We maintain the highest standards for data privacy and information security, as independently validated by our ISO/IEC 27701:2022 and 27001:2013 accreditation. To ensure our security program meets or exceeds international standards for security and compliance, Binance.US has successfully completed its SOC 2 exam.

Why might your withdrawal process on Binance be difficult? Your transaction may be stuck because the blockchain takes time to confirm your transaction or because the network is congested. As we mentioned before, some blockchains need more confirmation networks than others.

Why won't Binance let me withdraw USD? ›

Users cannot withdraw USD without first converting it to stablecoins or another digital asset. Binance US notified users of the update via email and provided detailed instructions.

What is Binance? Binance is a cryptocurrency exchange where registered users can trade cryptocurrencies. At some superficial level, Binance works with law enforcement offices in the United States to help them seize assets for civil asset forfeiture proceedings when it suits Binance.

Binance is legal in the U.S. However, the U.S. version has fewer features than the full website includes.

Include your case ID if you have one. 24/7 live chat in 17 languages.

It's possible that your Binance deposit is not working in Nigeria due to the recent regulatory changes in the country. Nigeria has implemented restrictions on cryptocurrency exchanges like Binance following fluctuations in the value of the dollar. As an alternative, you might want to consider platforms like Bitget.

In the wake of tech giant Apple delisting at least three offshore crypto exchanges, including Binance, from its India app store, the latter has assured its users that their accounts and funds are secured. “Existing users can continue to use the current version of the app.

- Download the Binance.US app today and experience a fast, easy, and secure way to trade crypto.

Binance US is a separate entity that was launched in 2019 by Binance to cater specifically to US residents. This was done to comply with the unique regulatory landscape of the United States.