Read on to learn how to use Binance in the US to start your crypto trading journey! Binance Exchange homepageīinance is the world’s leading cryptocurrency exchange with daily trading volumes of over $20 billion and a listing of over 700+ cryptocurrencies. However, keep in mind that circumventing Binance’s geoblocks is against its terms and conditions and could lead to account suspension. If you want to use Binance in the US, you can use a VPN connection to access your account. The exchange quickly launched Binance.US, but it falls short of the stellar services provided by the global Binance exchange.įortunately, US crypto traders don’t have to miss any features. Binance is banned from operating in the US after facing regulatory troubles in 2019. Still, US citizens have fewer cryptocurrencies to choose from, lower liquidity markets, and restrictions on derivatives trading compared to Binance global. The exchange has more than 28.6 million active users worldwide. For tax advice, please consult a tax professional.Binance is the largest crypto exchange in the world by transaction volumes, and the wide range of supported tokens has put it ahead of other players in the game. Questions or comments? Reach out to us this post is informational only and is not intended as tax advice.
You will also be able to seamlessly track your portfolio and calculate your cryptocurrency taxes with CoinTracker.ĬoinTracker helps you calculate your crypto taxes by seamlessly connecting to your exchanges and wallets. These steps will enable you to successfully transfer funds from to so that you can continue to seamlessly use Binance to trade cryptocurrency without your account being frozen. Copy API Key, Secret to CoinTracker (leave default restrictions: API restrictions to Read Only and IP access restrictions to Unrestricted) Generate an API key for Binance US and Binance (if you haven’t already) to track your portfolio and your crypto taxes on CoinTrackerĢ. Sync with CoinTracker to Keep Track of Your Portfolioġ. And paste the address on for the BTC withdrawal:ħ. For each coin you have on, copy your corresponding ’ wallet deposit address. Transfer Your Funds from Binance to Binance USĤ. Once you go through the above steps, you will finally be able to access your Binance US dashboard! We recommend using Google Authenticator or 1Password to increase the security of your accountĩ. When you first log in to your account, you will be asked to setup two factor authentication.
#BINANCE US VS BINANCE VERIFICATION#
After successful verification of your identity, your account should be ready to use. Fill out the basic verification data sheet and press SubmitĨ. If this is the case, we recommend transferring your funds from to another wallet of your choosing.ħ. Note: If you are a resident of Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, or Washington, you will not be able to use a account (as of the publication date of this post). You will have to provide verification before Binance US allows you to deposit and withdraw funds. Click Deposit to start moving funds from your account to accountĦ. Click the confirmation link in the email and login againĥ. Binance US will send you a verification email to the email address provided. Move the puzzle piece to its appropriate location to go to the next stepĤ. Enter your email address, password, check the box and click Create accountģ. See below for step-by-step instructions on how to get this all done in 15 minutes. You'll also want to keep track of your crypto portfolio and have a record of your transactions for taxes. If you are a US-based user, you will want to switch from using to.
Binance has launched a US-based platform and is starting to block US users from using.
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