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Why are people from the USA unable to open a Binance account?

avatarEvam KaushikDec 25, 2021 · 3 years ago4 answers

What are the reasons why individuals from the United States are unable to create an account on the Binance cryptocurrency exchange platform?

Why are people from the USA unable to open a Binance account?

4 answers

  • avatarDec 25, 2021 · 3 years ago
    As of September 2021, Binance announced that it would no longer provide services to users residing in the United States due to regulatory concerns. This decision was made to ensure compliance with local regulations and to establish separate platforms tailored to meet the specific requirements of the US market. Therefore, individuals from the USA are unable to open a Binance account.
  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, Binance is not available for users in the United States. The exchange made this decision to comply with regulatory requirements and to ensure a secure and compliant trading environment. However, there are alternative cryptocurrency exchanges available in the US that provide similar services and comply with local regulations.
  • avatarDec 25, 2021 · 3 years ago
    According to my knowledge as a representative of BYDFi, Binance is currently not accepting new registrations from individuals residing in the United States. This decision was made to comply with regulatory requirements and to ensure a smooth operation of the platform. However, there are other reputable cryptocurrency exchanges in the US that individuals can explore for their trading needs.
  • avatarDec 25, 2021 · 3 years ago
    It's a bummer, but Binance doesn't allow users from the USA to create accounts anymore. They had to make this move due to regulatory concerns and to ensure compliance with local laws. However, there are plenty of other cryptocurrency exchanges available in the US that you can check out. Don't worry, you won't miss out on the crypto action!