Summary: Binance is the world's largest cryptocurrency exchange with over 140 million registered users. It provides its services to more than 100 countries, accommodating over 30 languages and 40+ fiat currencies. However, accessibility to Binance is prohibited in various regions such as the US, Iran, Iraq, Zimbabwe, North Korea, and others due to domestic financial legislation or international sanctions.
What Countries Does Binance Support?
Binance holds a strong reputation as one of the most reliable exchanges globally, backed by comprehensive transparency reports and audits underlining the protection of client funds. Its services span more than 100 countries, which includes most European and Asian nations, and select locations in the Middle East, Africa, and South America. Binance is not available in the United States but they have a seperate exchange specifically for American investors called Binance.US. Here is a detailed summary of the supported countries and regions on Binance:
Middle East: Egypt, Israel, Saudi Arabia & United Arab Emirates.
Which Countries Are Blocked by Binance?
Service access to Binance is constrained in several jurisdictions due to local financial laws. The list includes the US, Malaysia, Canada, the Netherlands, North Korea, among others. In accordance with Section 3.b of their User Agreement, Binance also disallows users from regions under political upheaval or international sanctions like Cuba, Syria, and Crimea. Special restrictions apply to US territories such as Puerto Rico, Guam, the Northern Mariana Islands, and the US Virgin Islands, as they are exempted from Binance's services.
As a global cryptocurrency exchange, Binance extends multilingual support and accepts various fiat currencies. It currently supports over 30 languages, which includes English, Chinese (Traditional & Simplified), Russian, Spanish, French, German, Portuguese, Vietnamese, Hindi, and more. The complete list can be found by clicking the globe icon in the top right-hand corner of Binances home page. The accepted fiat currencies by Binance include USD, EUR, GBP, AUD, JPY, RUB, ZAR, and more. The full list can be found in the same area the supported languages are found.
Where is Binance Regulated?
Binance's operation falls under different jurisdictions, depending on user's residency and registration date. The exchange is currently regulated and licensed in the following locations: Cayman Islands, France, Italy, Lithuania, Spain, Poland, Sweden, Kazakhstan, Abu Dhabi, Bahrain, Dubai, Australia, Indonesia, Japan, New Zealand, Thailand, Mexico, and South Africa. For a detailed list of registration numbers and regulators, you can visit Binance’s licensing page.
Final Thoughts
To sum up, Binance stands as a dominant force in the cryptocurrency exchange landscape, providing services across the world, supporting a wealth of languages and fiat currencies. However, due to the complex nature of international financial regulations, its availability is restricted in certain regions. The regulations surrounding Binance are ever-evolving, and it is essential to consult its terms of service for the most recent information on accessibility and regulation in your country.
Binance is the largest crypto exchange on the planet, but U.S. customers cannot trade on the platform. Instead, they are pointed toward Binance.US, which is available to residents of most, but not all, U.S. states.
Fortunately, a VPN can help you access your Binance account and execute time-sensitive trades from any location. It changes the IP address of your device to your home country so that it appears to Binance as if you're connecting from where the platform is legally available.
Here are the top 10 countries with the most Binance users. India Russian Federation Turkey United States Vietnam Pakistan Ukraine Kenya Nigeria Argentina These countries are home to a large number of crypto enthusiasts and investors, and they have been some of the earliest adopters of cryptocurrencies.
Since Binance is restricted (or banned) in so many locations, a VPN offers an ideal workaround to bypass geo-restrictions and access Binance trading. We recommend using top-tier VPN providers, such as NordVPN, Surfshark, or other premium providers.
Authorities said Binance manipulated exchange rates through speculation and rate-fixing, leading to the devaluation of the naira. The government also accused the company of terrorism financing and money laundering, saying $26 billion worth of transactions on the platform were untraceable.
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.
On June 13, 2023, Binance.US began its transition to a crypto-only exchange, which means we no longer accept USD deposits and withdrawals for the time being — until we are able to secure stable banking partners. Binance.US completed this transition on July 21, 2023.
Binance's major disadvantage is its ongoing legal challenges and regulatory issues. The company is facing problems with countries in Europe, Asia, and North America. For U.S. residents, another disadvantage of Binance is the limited functionality of the U.S. platform and the decreased selection of tokens available.
Log in to Binance: Access your Binance account. Go to Wallet: From the menu, select “Wallet.” Click on “Withdraw”: Select “Withdraw” from the menu. Select “Withdraw Fiat”: Choose “Withdraw Fiat” at this step.
Binance P2P enables the conversion of Bitcoin and other cryptocurrencies into cash, allowing users to select their preferred payment method, currency, and price. By leveraging the internal crypto transfer function and P2P cash-out features, international fund transfers are convenient, cheap, and secure.
A VPN, or virtual private network, will allow you to change your IP address and appear as if you are accessing the internet from a different location. This can be helpful if you need to access your Binance account from a country that has banned crypto trading.
If you're traveling and want to access Binance from the US, you will need to use a VPN. A Virtual Private Network (VPN) allows you to access Binance from the US. This is achieved by connecting to a server in one of the 180+ countries in which Binance is available.
Mexico has 7 trusted exchanges available for you to sign up for, with the most popular being Bitso and Binance, which account for a combined 178,000,000 active users. After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process.
DUBAI, April 18 (Reuters) - Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai's regulator VARA that will allow the platform to target retail clients in addition to qualified and institutional ones.
As a result of the squabble, the exchange discontinued all naira services on its platform. The Nigerian government has repeatedly suspected Binance of manipulation of forex prices on its platform.
Introduction: My name is Nathanael Baumbach, I am a fantastic, nice, victorious, brave, healthy, cute, glorious person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
.webp "Binance Supported Countries (1)")
