I think that it is a weird business moment for Binance. They are anti-USA and they have all these phantoms, and all these surprises, and all these secrets. It is a funny business if you ask me.
Something better will definitely come along soon.
Topic: Are USA traders saying sayonara to Binance? (The Exodus Is Here?) (Read 4706 times)
September 11, 2019, 11:57:49 AM
September 11, 2019, 11:44:52 AM
The day is here. Tomorrow, September 12, is when Binance stops doing business with their clients from the United States of America!!!
It's a sad day for me. It really feels like another "end of an era" moment, like when the US government took down BTC-e or when Bitfinex kicked out US customers in 2017.
I'm withdrawing funds as we speak. Deposit and trading capabilities are still active, but I'm guessing they'll be cut off around 12 AM UTC. It's been a good run, Binance! I'll see you on the flip side, through my VPN!
September 11, 2019, 11:20:46 AM
The day is here. Tomorrow, September 12, is when Binance ceases to conduct business with their clients from United States of America!!!
September 06, 2019, 12:11:16 AM
I am resurrecting this topic. It is 8 days away and I still have not figured out what exchange to use next. I start clearing the way to send all my funds at Binance over to Coinbase Pro... what are the rest of you going to do?
im planning to split funds between kraken and coinbase pro. i might send a small amount to kucoin to test the waters, but its stablecoin liquidity still looks pretty thin. kucoin is where i plan to go for altcoin exposure too. if it doesn't suffice, i might just go back to binance through a non-american IP address.
September 05, 2019, 11:44:37 PM
I am resurrecting this topic. It is 8 days away and I still have not figured out what exchange to use next. I start clearing the way to send all my funds at Binance over to Coinbase Pro... what are the rest of you going to do?
If you are not in a haste in other to avoid duplication of transactions fees, I learnt that balance is creating a separate platform for US traders which is expected to be launched this month, so you can just be a little patient for this month to be over before you decide to move your portfolio over to Coinbase. If you don’t have the patience, Coinbase is also not a bad exchange, they have been supportive of US citizens for a very long time now, and I think that you should also give them a try. There’s actually no much difference between them and Binance, the only thing that binance uses to be stronger than them is that it has more hype and they have other projects that they are involved with to help them continue to build the value of their project.
September 05, 2019, 08:14:23 PM
Coinbase pro is never a bad exchange site but the Binance team have figure out a solution to the US base crypto traders by creating binance.us since the US government have some certain rules and regulations which every crypto exchange must follow if they want to expand there business to US soil.
It would be nice to know what is happening over at Binance. The norm is for Binance to just leave it's clients in the dark all the time, and have little surprises for them, like in Cracker Jack boxes. But one novel idea that people keep mentioning all over the place is that it would be cool if Binance started to keep it's clients up to date with whatever the hell is going over there. 
September 05, 2019, 10:01:15 AM
I am resurrecting this topic. It is 8 days away and I still have not figured out what exchange to use next. I start clearing the way to send all my funds at Binance over to Coinbase Pro... what are the rest of you going to do?
Coinbase pro is never a bad exchange site but the Binance team have figure out a solution to the US base crypto traders by creating binance.us since the US government have some certain rules and regulations which every crypto exchange must follow if they want to expand there business to US soil. September 04, 2019, 08:21:25 AM
I am resurrecting this topic. It is 8 days away and I still have not figured out what exchange to use next. I start clearing the way to send all my funds at Binance over to Coinbase Pro... what are the rest of you going to do?
September 02, 2019, 10:52:43 AM
I'm a representative of Quedex, let me clarify a few things:
Non-US BitMEX trader here.
A few leverage trading sites that I know are not actively banning US IPs RIGHT NOW & SO FAR requires no KYC:
BaseFEX
Quedex
KuMEX
The issue with Binance isn't US authority requiring KYC. It is some more complicated legislation which essentially requires all American leverage traders to only trade on US-based, regulated, taxable exchanges. But they don’t have eyes on every exchange out there.
- We don't accept US customers.
- We have a requirement to complete basic KYC during onboarding.
- We've been just awarded a Gibraltar licence: https://cointelegraph.com/news/gibraltar-grants-first-crypto-derivatives-license-to-local-exchange, and strive to provide a transparent and orderly place to trade crypto derivatives - as this milestone has been completed, we are planning to continue improving liquidity and expanding operations.
Non-US BitMEX trader here.
A few leverage trading sites that I know are not actively banning US IPs RIGHT NOW & SO FAR requires no KYC:
BaseFEX
Quedex
KuMEX
The issue with Binance isn't US authority requiring KYC. It is some more complicated legislation which essentially requires all American leverage traders to only trade on US-based, regulated, taxable exchanges. But they don’t have eyes on every exchange out there.
September 01, 2019, 06:11:04 PM
Where are US traders going to go now then? What if they can't use bittrex either?
Kucoin for altcoin/stablecoin spot trading, for those that are trying to avoid KYC. Otherwise there's Bittrex and eventually Binance US. Those who want to trade derivatives without relying on VPN can use BaseFEX and Kumex.
Do we have to withdraw our coins from binance as us users or can we keep them there?
Their terms say you'll just lose deposit/trading capabilities. So you'll be able to withdraw. I wouldn't recommend storing funds there though. There's just no reason to do that. There could conceivably be delays or KYC requirement to recover them.
August 31, 2019, 09:03:10 PM
Where are US traders going to go now then? What if they can't use bittrex either?
Do we have to withdraw our coins from binance as us users or can we keep them there?
Do we have to withdraw our coins from binance as us users or can we keep them there?
August 30, 2019, 07:40:33 AM
Is Binance available in the US?
Yes, Binance is available in the US now and after Sept 12 but the situation going is because of rules abd regulation of US government about how crypto exchange should operate which is the reason why Binance CEO create Binance.us to serve the US customers and also follow the US regulatory compliance. However, unverified US user can still make use of Binance.com through VPN.It's good that they're following the regulations but I doubt that US government will leave any nuts loose while trying their best to tighten the situations for both the exchange and the users. Are the laws different for each part of US or are they same? And what will happen to those unverified US users when they get caught while using their platform? Their accounts will get blocked with balances frozen?
August 30, 2019, 07:22:18 AM
Is Binance available in the US?
Yes, Binance is available in the US now and after Sept 12 but the situation going is because of rules abd regulation of US government about how crypto exchange should operate which is the reason why Binance CEO create Binance.us to serve the US customers and also follow the US regulatory compliance. However, unverified US user can still make use of Binance.com through VPN. August 30, 2019, 05:36:55 AM
I think that Binance is getting a little too big for it's britches... 
For me the issue with Binance isn't US authority requiring KYC. It is some more complicated legislation which essentially requires all American leverage traders to only trade on US-based, regulated, taxable exchanges. But they don’t have eyes on every exchange out there. And even though they are so many exchange trading site available in the US and don't need kyc like BaseFEX, Quedex, KuMEX.
August 30, 2019, 04:38:23 AM
I hope their main site goes easy on VPN usage. 
Unsurprisingly, I guess they would somehow allow VPN usage, but then again we don't know not unless September is here and Americans are barred from using the main site. But for the safe side, I suggest not to do it, especially with high volume of trades (even if one is fully verified) just in case. Huobi Global is also there just like you've mentioned, and they are pretty much an OK exchange that doesn't require KYC to withdraw, and boy $1000/day is still a doable amount to work with especially if one is not really a high-volume trader and/or just dealing with newer altcoins/projects.
The transitioning of Binance into making its own subsidiary/branch/whatever catered specifically for US residents would be an interesting sight to see. It seems like they are serious into expanding the brand and do not want to lose their American customer-base just for this silly regulation.
For the level 1 that does not require KYC, those are the only category of people that can be able to trade ion Binance without them noticing on time, but why should the citizens even go through all that stress when they can simply go on other friendly exchanges like Kucoin and the rest, the exchange market is too saturated for one exchange to just try to marginalize people, this is part of the monopoly we are talking about here.
is it nice to have a kyc to protect an account.binance is a popular and famous exchange
binance Is one of the best amd competitive exchange..
Non-US BitMEX trader here.
A few leverage trading sites that I know are not actively banning US IPs RIGHT NOW & SO FAR requires no KYC:
BaseFEX
Quedex
KuMEX
The issue with Binance isn't US authority requiring KYC. It is some more complicated legislation which essentially requires all American leverage traders to only trade on US-based, regulated, taxable exchanges. But they don’t have eyes on every exchange out there.
August 30, 2019, 02:41:06 AM
There's lot of good exchange so it's doesn't matter because it's their decision. And infact we still have time to choose where good exchange to jump. So let's use it. Deadline is September? Well that's enough time i guess. Lol. .by the way sayonara as well to alll those traders that using binance..
August 29, 2019, 11:15:29 PM
Is Binance available in the US?
August 19, 2019, 11:07:08 AM
Can the USA traders continue using Binance if they just submit KYC information?
August 17, 2019, 07:39:56 PM
It's debatable whether or not it's people's own fault for not keeping up to date with everything that's happening within the crypto world, but it is unfortunate either way. Binance thanks you for your donation.
Sometimes loss of funds or locked ones are totally on users fault.Majority of exchangers do make announcements on pulling out your funds
on a specific date and for those users who aren't active enough on checking out updates will most likely get caught.So I don't totally blame up exchangers for this one.
August 17, 2019, 05:32:46 PM
Can we keeps our coins in binance exchange after that date? How long can we keep them there?
No specific date has been set, but it wouldn't surprise me if they would give people a whole month to withdraw their funds once trading and deposits are no longer an accessible feature.By keeping the time frame at which people can withdraw their funds as tight as possible, Binance knows that there will be a relatively large group of traders that will lose their coins for ever because they will find out about this too late.
It's debatable whether or not it's people's own fault for not keeping up to date with everything that's happening within the crypto world, but it is unfortunate either way. Binance thanks you for your donation.
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