Are you a cryptocurrency enthusiast residing in the United States? Are you wondering if you can access and use Binance, one of the most popular cryptocurrency trading platforms? Well, you’re in the right place! In this article, we will explore whether Binance works in the USA and how you can overcome any limitations.
How to Access Binance in the US: A Quick Guide
If you’re looking for a quick guide on how to use the international version of Binance while in the US, here are the steps:
- Sign up for a reliable VPN service that ensures strong security and has a vast server network.
- Choose your preferred pricing plan, download the VPN app, and install it on your device.
- Connect to a remote VPN server outside the US, preferably a location nearest to you.
- Enter your Binance account and enjoy all the platform’s features.
Now, let’s delve deeper into the main limitations of Binance US and how using a VPN can help you overcome these issues.
Is Binance Available in the US?
The common version of Binance, available in most parts of the world, stopped functioning in the US in 2019 due to legal and regulatory restrictions. American authorities accused the service of tax fraud, money laundering, and other shady financial schemes. As a result, Binance.US was launched specifically for American customers.
Although Binance.US shares the same name and logo as Binance International, it is a separate company that follows specific US laws, resulting in several limitations. Here are the main differences between Binance and Binance US:
| Binance | Binance US | |
|---|---|---|
| Number of cryptocurrencies | 395 (including BTC, LTC, XRP, DOGE, DeFi coins, and NFTs) | 85 (missing several popular crypto coins like XRP) |
| Futures trading | ✅ Yes | 🚫 No |
| Debit card purchase | ✅ Yes | 🚫 No |
| Debit or credit card withdrawal | ✅ Yes | 🚫 No |
| Bank withdrawal fee | $1.5 | $15 per transaction |
| Base account currencies | Fiat currencies (USD, EUR, GBP, and more) + 50+ cryptocurrencies | Fiat (USD only) and cryptocurrencies |
| Supported platforms | Web, Desktop, Mobile | Web, Desktop, Mobile |
As you can see, Binance US offers a limited number of cryptocurrencies and is less flexible when it comes to withdrawing funds. But is Binance actually banned in the US? Let’s discuss the legal aspect of using this platform across the country.
Is It Legal to Use Binance in the US?
Binance US is legal across all states, except for New York, Texas, Louisiana, Hawaii, Idaho, and Vermont. As for the international version of Binance, it’s unavailable in the US due to local regulations. However, if you are a tourist or temporary resident in the US, accessing your Binance account may be challenging. Many online services, including Binance, use geoblocking to detect users’ current locations based on their IP addresses. This is where a VPN comes in handy.
Main Reasons to Use a VPN for Binance in the US
A VPN (Virtual Private Network) provides you with an alternative IP address and reroutes your traffic through a remote server. By doing so, the VPN ensures that online services and websites, including Binance, cannot see your actual location. Here are the main reasons to use a VPN for Binance while in the US:
- To overcome access limitations: A VPN hides your IP address, allowing you to access all of Binance’s key functions from anywhere.
- To trade securely: A VPN is not only an effective solution against internet limitations but also a powerful cybersecurity tool. It helps protect you from various crypto scams, phishing attacks, and impersonation techniques.
- To enhance your privacy: A VPN makes you anonymous online by hiding your IP and other connection details. It also covers your traffic with reliable data encryption, safeguarding your crypto trading and other internet activities from prying eyes.
It’s important to note that VeePN, the VPN service mentioned earlier in this article, doesn’t encourage using a VPN to violate the terms of service of other platforms. Be sure to read VeePN’s terms of service for more details.
How to Choose the Best VPN for Binance US
When selecting a VPN service to access Binance safely in the US, consider the following factors:
- Credibility: Prioritize trustworthy service providers with a proven track record and all the essential features in place.
- Server network: Check how many server locations a VPN offers. The more servers, the better your connection.
- Performance: Look for a VPN service that offers good connection speeds.
- No Logs policy: Ensure that the VPN service doesn’t collect your private data, including connection and activity logs.
- Security and privacy features: Check if the VPN service has essential features like ad-blocking, Kill Switch, DNS and IP leak prevention, and strong encryption.
- Support: Verify if the VPN service offers effective customer support through multiple channels.
- Price: Select a VPN with affordable and flexible pricing plans.
One VPN service that meets these criteria is VeePN. It is a reputable VPN service that allows you to access Binance and trade crypto with peace of mind.
How to Use Binance in the US with a VPN
If you’re ready to start using Binance in the US with a VPN, follow these simple steps:
- Sign up for VeePN: Choose the most suitable pricing plan and create your account.
- Download and install the app: VeePN is compatible with all major devices and operating systems.
- Open the app and connect to a server: Choose a server location outside the US. The closer the server, the faster your connection.
- Configure VeePN settings if required: Customize the VPN settings based on your preferences.
- Clear your browsing data: Remove any browsing history, cookies, and other data to maintain privacy.
- Turn your VPN on: Activate the VPN by pressing the On/Off button.
- You’re all set!: Head to Binance, enter your account, and trade securely.
Please note that creating a new Binance account while visiting the US may require additional steps. These steps include providing a mobile phone number registered in another country, showing proof of residence from another country, and going through a facial recognition scan to prove your identity. Remember that IDs and documents obtained in the US will not be accepted.
If you need access to Binance from the US and want to protect your trading experience, give VeePN a try. Check out their pricing plans and enjoy a 30-day money-back guarantee.
In conclusion, with the help of a reliable VPN like VeePN, you can access and use Binance in the US without any limitations. Stay safe and trade securely with the right VPN by your side!
Disclaimer: This article is for informational purposes only. It is not financial or legal advice. Please do your own research before engaging in any cryptocurrency trading activities.