What exchange to use a US Citizen Abroad? - page 2.

jerry0

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Quote from: mersal on January 17, 2021, 07:58:59 AM

Choices for US citizen to trade on a decentralized exchange is very limited like they have to choose coinbase or Kraken and Gemini. They can use the exchange without KYC verified but it is not safe for your funds, they can freeze your account at any time and will ask for the verification.

Have you considered using any DEX? yes, I know the liquidity is less but if everyone from that country starts using it will give enough liquidity for sure in a very short time.

What is DEX?

Well what exchanges are US users using for altcoins then? Since they use coinbase/gemini/kraken for btc/eth... what about altcoins? Back then it was binance/bittrex. But now its only binance.us but i heard they don't have that many coin selection. And bittrex... its banned in many states.

mersal

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Choices for US citizen to trade on a decentralized exchange is very limited like they have to choose coinbase or Kraken and Gemini. They can use the exchange without KYC verified but it is not safe for your funds, they can freeze your account at any time and will ask for the verification.

Have you considered using any DEX? yes, I know the liquidity is less but if everyone from that country starts using it will give enough liquidity for sure in a very short time.

jerry0

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Anyone else?

Also if you use coinbase, always make sure you use coinbase pro right?

And thoughts on kraken and bitstamp? I rarely hear much about these two exchanges with Americans compared to coinbase/gemini.

exstasie

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Quote from: jackg on January 04, 2021, 11:09:55 PM

Have you looked at kucoin? I wouldn't trust them personally but I know of a lot of people who do so they might be an option - they seem to have more listing than binance do. There's also hitbtc and yobit which might be a bit scammy - I wouldn't trust them too much.

I have a soft spot for Kucoin, but it should be noted they were hacked for an alarming amount ($275 million) in September. Luckily most of it was ICO tokens that could be burned and reissued, but they were obviously keeping way too much in their hot wallets.
https://hackernoon.com/dollar275m-research-how-was-kucoin-one-of-the-largest-crypto-exchanges-hacked-jh1i3exb

Quote from: mk4 on January 05, 2021, 01:10:49 AM

I like using Huobi Global. Haven't had any problems as of yet, but it's been almost a year since I've used it so do your due diligence.

No good. They kicked out US customers about a year ago and pulled the plug on their US exchange (HBUS) shortly after. They want nothing to do with Americans.

Maus0728

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Quote from: jerry0 on January 05, 2021, 11:18:19 PM

Well because im outside the US now... wouldn't there be issue creating a binance.US account since i have a non us ip address?

Similar from the above replies, you are able to create a Binance.US account as long as you comply with the KYC verification system upon registration regardless of where you are living right now. And I think that's the function of the KYC to verify their US citizen users in their platform regardless of your current I.P address.

Quote from: jerry0 on January 05, 2021, 11:18:19 PM

What about kraken? What surprised me was i was looking at some altcoins saw nano for example... kraken you could trade it... well at least from what i saw on coinmarketcap and apparently you could buy/sell in actualy USD? Can anyone confirm this?

Yep! You can trade NANO/USD pair in their spot market.
[1] https://trade.kraken.com/charts/KRAKEN:NANO-USD

jerry0

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Well because im outside the US now... wouldn't there be issue creating a binance.US account since i have a non us ip address?

What about kraken? What surprised me was i was looking at some altcoins saw nano for example... kraken you could trade it... well at least from what i saw on coinmarketcap and apparently you could buy/sell in actualy USD? Can anyone confirm this?

gina1980

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use coinbaazar.com , best p2p escrow exchange , can be used worldwide , safest app and website , lowest fee ,

Wexnident

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I don't request loans~

Few cons of Binance US is less pairs and liquidity as mk4 said, and afaik it also requires you to perform KYC upon sign up, that or just much more strict KYC requirements compared to the Binance outside of US (not sure since I don't really use it). If you don't have any qualms about that, I'd suppose Binance US would work with you.

Quote from: jerry0 on January 04, 2021, 11:04:07 PM

I heard people who use binance.com in the US... then moved on to binance.us... which is basically almost the same thing? Its only with other us traders right? But is there a ton of volume there? And do they have the exact coins that are traded in binance.com? The thing though is i wouldn't be able to use binance.US while outside the US right? I would sign up for an account while abroad... so would there be issue with this?

It should be fine I think? You're still technically a US citizen and details you would put out would point out to you being one anyway, so I hardly doubt issues would arise. As for the altcoins, from what I've heard there's a different list between the US one, and are still currently adding more coins to it. Well, that news is around 3-4 months old, so the list may be almost complete by now.

mk4

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Paldo.io 🤖

Besides Binance.com, I like using Huobi Global. Haven't had any problems as of yet, but it's been almost a year since I've used it so do your due diligence.

Quote from: jerry0 on January 04, 2021, 11:04:07 PM

I heard people who use binance.com in the US... then moved on to binance.us... which is basically almost the same thing? Its only with other us traders right? But is there a ton of volume there? And do they have the exact coins that are traded in binance.com?

Binance.us has far less market liquidity(obviously since it has far less users) and far less trading pairs. You can check them out here:

Binance: https://coinmarketcap.com/exchanges/binance/
Binance.US: https://coinmarketcap.com/exchanges/binance-us/

Quote from: jerry0 on January 04, 2021, 11:04:07 PM

The thing though is i wouldn't be able to use binance.US while outside the US right? I would sign up for an account while abroad... so would there be issue with this?

I think you're allowed to use Binance.US regardless where you are right now, as long as you're a US citizen.

jackg

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https://bit.ly/387FXHi lightning theory

Have you looked at kucoin? I wouldn't trust them personally but I know of a lot of people who do so they might be an option - they seem to have more listing than binance do. There's also hitbtc and yobit which might be a bit scammy - I wouldn't trust them too much.

There are also exchanges that are decentralised like bisq and the waves exchange which could have the coins your after (though much less than binance).

jerry0

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So apparently, I found out that Binance.com no longer allows US customers anymore even abroad. A while back i used binance and traded btc for altcoins there. I heard binance no longer allowed US customers but because im abroad pretty much all the time, well I didn't think it was a big issue as I log into binance.com without any issue. I also never was verified there. I heard it first was with US IP addresses that they banned but apparently its for anyone that is a US citizen. So because of that, I know i can't use binance.com anymore as an American abroad.

Now my question is... what exchanges can I use as an American that is abroad all the time? I know i could use coinbase/bitstamp without an issue from what I read online. I assume Kraken as well? But those would be for the main coins like btc/eth etc. But if i want to trade for altcoins, what are my options? I previously used bittrex a while back while abroad... but then they no longer allowed any customers from a particular state in the US... so i had to withdraw. I was also verified on bittrex and because of that, i could not use bittrex anymore.

I heard people who use binance.com in the US... then moved on to binance.us... which is basically almost the same thing? Its only with other us traders right? But is there a ton of volume there? And do they have the exact coins that are traded in binance.com? The thing though is i wouldn't be able to use binance.US while outside the US right? I would sign up for an account while abroad... so would there be issue with this?

Topic: What exchange to use a US Citizen Abroad? - page 2. (Read 291 times)