Bitcoin Forum

Yes? no? maybe so?

If yes, what exchange are you going to use next?
If no, what are your reasons for staying?
If undecided, what are you waiting for?

Currently, according to statistics, the biggest traffic to Binance is still from the US (14.1% according to similarweb). I think US users will still find a way to use Binance, because this is the best exchange with high volume and low commission fee. If undecided, I think Bittrex, Okex and Houbi is another option.

They have until September, they still have a lot of time until September.

Binance to Open US-Based Division With FinCEN Approved Partner (https://cointelegraph.com/news/binance-to-open-us-based-division-with-fincen-approved-partner)

and as @yangongear said , they have other options like: Kraken, Coinbase and  Poloniex

Bittrex, Okex, Houbi, Kraken, Coinbase, Poloniex

What is everybody waiting for?  Biding their time?


Binance is outsourcing their project because the crypto-banking world is getting a little too big for their britches?

I'm still using it. We have until September (before we have to start using VPN) so what's the rush?


Kucoin is the next obvious choice for altcoins and stablecoin hedging without KYC. It's nothing compared to Binance but but it allows US traders and has the same withdrawal limits.

Kraken for leveraged trading, Coinbase Pro for regular spot trading.

I checked Binance and since I am in America they will not open an account.

Kraken sucks, Coinbase banned me, never heard of Okex or Houbi, and Bittrex requires KYC.  Out of that list, the only exchange I currently use is Poloniex, and they don't even offer some of the coins I'm accumulating currently.  I have to use crazy instant exchanges like Flyp.me for PIVX and Yobit for a couple others.

But hey, Binance is changing itself to accomodate US customers, so all is not lost here.  It'll probably end up being a bit different, but we'll see.  I'm just hoping they still offer all the same coins--NEO and PIVX especially.

Right, not currently.  They're in the process of implementing something for their US clientele, and my guess is that the reason for it is governmental regulation compliance--but I really don't know the reason.

Any particular reason why Coinbase banned you? Did they still allow you to send your money or coin out of there?

Is Binance not allowing new customers to sign up in the USA?  For real?

Yes, I get the following error when I try to sign up for Binance from an IP in the United States:


You could always just use a VPN to sign up if you really want to use the site and trade on it (working for me at the moment), though I know there are people against doing this for various reasons. I assume Binance is going to require KYC when the US-friendly version of the site launches as well, considering there's no exchanges out there I know of that allow US traders to trade without completing KYC.

What's wrong with Kraken? I was thinking about opening an account there for margin trading.

Huobi was one of the big 3 Chinese exchanges before the government forced them out. It looks like they allow unverified accounts to withdraw ~ $1,000 equivalent per day. They don't allow US residents on their main exchange (Huobi Global) but a VPN might do.

I'm pretty sure Okex requires KYC now, and they don't allow US traders.


Full KYC and dozens (if not hundreds) less coins. No access to anything resembling securities. I hope it doesn't look like Binance Jersey, their UK/EU offering that only lists a few coins. It might.

I hope their main site goes easy on VPN usage. :)

It’s just sad for us that Binance will exclude the US market in trading with them. However, that may not stop the US traders from doing whatever it takes to keep themselves active in trading with Binance in the form of VPNs (virtual private networks).

Due to the stupid lawmakers (whom I imagined that I wanted them to get deported back to Stone Age on a one-way trip via quantum realm c/o Ant-Man), they are trying everything to make sure no one’s gonna live financially free (but only them) by making these nonsense rules.

That’s the way it is then, but it gives these US crypto traders more options to go for other exchanges that doesn’t ban them.

I don’t think U.S traders leaving Binance will really have any effect on them, Binance community cross across different regions of the world, and I don’t think that united states has the largest percentage of Binance users. It may affect the value of Binance in the interim, but not enough to drop it low to panic line. Binance has built a very great reputation, and they have been able to accommodate lots of users across the countries that are extremely rich.

So I do not see any issue with them leaving, if I were U.S traders, I would rather stick with Binance, because Binance definitely still has lots of packages that favors them more than any other exchanges that we have out there, so they better still find a way to continue using Binance for their own sake.

Yes, based on trading volume, quality of listed projects as well as recent IEOs I can say that currently Binance, Okex and Houbi are top 3 exchanges.
With Houbi, you can withdrawn maximum 1000$ with an unverified account. Okex required KYC, but their KYC level 1 is suck, you just need a name with an ID number  ;).

There is too much happening in the world of crypto and too fast.  First you need to learn how to trade, which obviously takes years to master, but then you also have to constantly be vigilant about how the exchanges will damage it's clients. It's like two jobs: being a trader, and then having to keep up with all the nasty tricks the exchanges aren't telling you about.

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.

It seems they already drafted a policy that is already against the use of VPN for their site and even if they don’t, I dint see VPN still helping the US Traders able to trade in Binance because Binance is one if the exchanges that requires KYC to trade on their platform, and from KYC they will simply just ban the account that belongs to US citizen.

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.

It would really be on the same story which means you wont really have any choice but to comply KYC no matter what exchange you are trying to register.

For US binance users there still time left to use up the exchange though but it isnt really that a stressful thing yet there would still be some lots of good options in case it would completely close its doors to US citizens.

How about HitBTC or Kucoin? Any issue that you found on HitBTC or kucoin?
I mean do you think it is possible for you to trade there? or none?

I am a Binance user in the USA with some USDC parked in my Binance account this very minute. I am unsure what to do but those funds are probably leaving Binance soon.

Sorry about this bro, I think Binance is really making serious mistake with this, I still don’t know what actually led to this, it could have been an issue with the federal government because this action to me is more or less like witch hunting, because I do not see any reasonable reason why an exchange will exempt United states citizens from their exchange.

Kucoin is already planning to list all Binance chain coins including Binance if they have not done that already, and I think this will make Kucoin have lots of volume soon, if I were those small unknown good exchanges, this would have been the best time for them to sell themselves to united state citizens if they are really good at what they are doing, anyway, now that you are planning to pull your coin out, what exchanges are you looking at.

If Binance pulls the plug on USA users, something new will pop up but until then: Coinbase Pro

That link is to some site that is not related to Binance. Where is the announcement directly from Binance? I looked at the Binance Announcements page (with literally hundreds of their announcements) and did not find anything about blocking US users or any changes coming.

What traders have time to read hundreds of their announcements? These exchanges are notorious for keeping their clients uninformed about important information.

What exchanges are US users currently using to trade alts besides binance and bittrex?

Kucoin, Poloniex. There's also Coinbase Pro if you only want to trade about a dozen of the larger altcoins. Huobi also has a US site now (which I haven't tried yet) with a couple dozen altcoin markets.

I think Kucoin is the only option besides Binance that allows unverified accounts.

Binance changed its terms and announced it here (https://www.binance.com/en/support/articles/360029196512) but they didn't explicitly mention US persons in the announcement. In fact, the language referenced in all the news articles (https://techcrunch.com/2019/06/14/binance-begins-to-restrict-us-customers/) ("Binance is unable to provide services to any U.S. person") no longer appears in their terms. (https://www.binance.com/agreement.html) Weird!

Anyway I'm sure they've done their best to implement the change quietly to prevent a panicked exit of American liquidity, which I suspect is a very significant portion of Binance's total liquidity. They want a slow, orderly exit and presumably they also want some of those traders back trading through VPN.

So now we can clearly see things are not 'goodbye' for our beloved USA traders. Kucoin is not bad but I agree that it has not the charm and huge volume of Binance and CZ. I think this will also serve as an opportunity for Kucoin to step up on their service and they can be the top exchange for USA traders. And like the others said, VPN will always comes in handy.

This is just temporary, Binance are finding ways to comply with the USA regulatory requirements, they won't just easily give up the US market, they are the most popular and maybe trusted in the crypto space so if there is a chance to retain the customer, they'll always find a way.

Yeah, I will probably take a two-pronged approach once the new Binance terms take effect in September. I'll make a new VPN account for Binance and then split my capital 50-50 between Binance and Kucoin. If Binance forces verification and catches us for violating terms, I think they would still allow us to withdraw in most cases. But reducing my exposure by 50% will make me feel safer.

I just hope stablecoin liquidity on Kucoin improves. Then I could move more funds there.

I am very concerned with this latest venture from Binance myself. With the U.S. overstepping their boundries it is becoming difficult for it's citizens to find a decent exchange. Coinbase and Pro suck. Kraken is only a little better. Most of the U.S. exchanges I have found they charge and absurd amount in fees or a spread fee base. Of course that really only begins to tip the scales as to why U.S. users choose Binance.
I will be curious to see if banned users can get away with a VPN for the time being. I know I use one all the time on my home computer anyway. I don't think anything negative about Binance for the decisions they've made due to the fast regulations being implemented by the United States and other countries. I, personally, think they have made this decision to begin to cooperate with U.S. regulators to open an exchange there and to also not be invaded by authorities who really have no right to do so. Of course, we all know that wouldn't stop the strong overreach the U.S. and other countries give themselves. Honestly the best situation may be, as a U.S. citizen, to invest in citizenship in another more tax and crypto friendly country. Of course that is just my opinion. Nothing more, nothing less.
 

It's worked for Americans on Bitmex for years. So it'll probably work for a time......how long is anyone's guess. The CFTC is digging into Bitmex for allowing Americans to trade there, so all eyes are on that investigation.

Sadly, this kind of meddling by the US government will keep pushing exchanges into requiring KYC. Bitmex already blocks American IP addresses and prohibits them in their terms, so if this still isn't enough to avoid scrutiny then what's left?

I like your zeal for really going for it, but, I would not sneak around the rules like that. Binance may figure you out. But it will definitely effect your trading because in the back of your mind it will be psychologically effecting your trading outcomes. If Binance caught you breaking rules, I think Binance would still allow you to withdrawal your funds, but, I would suggest just complying by the rules. That is part of my trading plan that I recommend.

Binance does not owe you anything, they were a great provider when they were serving the USA users, plus they have given us all a 90 day warning.

Sure they don't owe us anything, but by their terms, they are apparently taking the Bitmex route. They are implicitly inviting US traders by not enforcing KYC, because they know they need the liquidity. Nobody wants to leave the US market. It's the biggest market on the globe.

I think most people in the room understand this is just a transitional stage before Binance is eventually forced to mandate KYC on its main site. That'll be the end of these shenanigans and that's what US regulators want.

Exstasie, another thing to consider is that a new wave of people and different audiences are going to be climbing on board soon. Binance and other exchange platforms will be simplified for a less Bitcoin savvy group of users, and they will rush to give their identifications just to hurry up and start trading / losing all their money.  ;D

People like to take unnecessary risk, is using Binance platform a do or die matter, you see that we are even the problem in this crypto industry, we complain of monopoly of some exchanges, and yet we are the ones empowering them, why will he violate the rule and use vpn when he can simply just move his coin to other great exchanges, his life is not tied to a particular exchange and if there was no Binance, would he not continue to trade?

Imagine that that hacking that happened then had affected them and closed them down, would he stop crypto business? There are so many exchanges that we have that has passed trust test, in fact Kucoin is one of such great exchange that any Us traders can use, and I am glad that they are willing to accept them wholeheartedly and offer them great services.

What is a "Ku"?  What is the meaning of Ku?

Traders like me need liquidity. Kucoin lacks stablecoin liquidity and other exchanges are worse. The derivatives exchanges similarly prohibit US traders. That leaves three choices or some combination of them: mandatory KYC, using VPN to dodge US trader bans, or splitting funds between multiple exchanges. I would like to avoid KYC, which reduces the options further.

So you can see, my options for hedging BTC are slim. Worst case scenario, if i get caught violating terms, I might get my balance confiscated. The risk of that is fairly low, especially since Binance's terms state they will allow withdrawal in these cases. I think the potential profit and hedging value I can get is much greater than the risk.

If they really want to deter US traders, they should threaten to confiscate balances if caught violating terms. The wording is pretty inviting for us.

Thanks for saying it like it is and letting us know your plans because my thoughts a very similar.  Binance's 90 day notice is quickly creeping up on us USA traders...

KU? Where on earth did you see that in his message, and what has something related to that is the Kucoin that he mentioned, and he already stated it that it is an exchange, and yes, Kucoin is really a wonderful exchange also like Binance exchange and other great exchanges that are in the market. They have very attractive user interface which is also very friendly to many of its users.

I started using it just like a month ago and all the services that I have enjoyed through them is really great. Sometimes, it seems to me like they are fortified with good luck charm lol, because since I am been using them I have been making profits more than losses like other exchanges I have been using to trade. I think this exchange would really be suitable for the US citizens.

Bitcoin + Finance = Binance, got it.

Ku + Coin = KuCoin, but again, what is a "Ku"?  Is that Japanese for Kung Foo?

if you ask about "what exchange are you going to use next?" I think, I want to use trusted exchanges, which are numbers 1, 2, 3, 4, 5. Of all the rows I think that is an exchange that can be trusted. including binance, okex, huobi, indodax and others. My experience in the crypto world, as long as I keep assets in exchange, I am very grateful that I have never experienced loss of assets or been stolen by someone else. so think first before you do something.

Why not try to ask them?  ;D Seems like a big deal to you on what are their names.I dont care at all as long the masses do support or trade with it then thats one of the important factors to consider.

To me it is a big deal.  The whole Ku thing needs an explanation. Does Ku mean kung foo?  Does it mean cool?  Does it mean Kompletely untrustworthy?  It could mean any of a million different things.

How about this one: https://www.investvoyager.com/app/

So is Kucoin going to be most popular exchange then for US?  If so, make sense to buy kucoin?

Well, it's the next best option for unverified altcoin/stablecoin trading. I'm sure it will get bigger than it is now. How big vs. Coinbase or Binance.US depends on how important unverified trading is for customers, and how many markets Binance.US lists.


You mean Kucoin shares (KCS)? I think it's a solid bet. Not sure they'll quite pull off BNB-type gains, but I think a 10x from here (in KCS/BTC) is possible by the top of the next bubble. It may stagnate against BTC for quite a while though.

In any case, I can confidently say that Binance is by far the best Trading Exchange for me, among all whom I have dealt with.  The fact is that the resource does not freeze, because I fit my device very well.  In addition, I completely like its functionality and everything that I do does not cause any complaints.  I still do not fully use everything that Binance can offer, but nevertheless I am sure in this trading exchange, which exceeded all my expectations and even got better than my previous choice of Bittrex.

Kucoin is a Chinese exchange, and maybe "Ku" is a Chinese word.  I just search for the meaning of "Ku", it gives the results "warehouse or store house". Seems quite reasonable.  ;D
But I don't think Kucoin will be the # 1 choice if Binance is banned in the US. Maybe OKEx or Houbi would be more realistic.

OKEx doesn't allow US customers. Even to be able to withdraw $1,000 per day you would need to use VPN and provide a fake name/passport number. US traders are better off staying on Binance and using VPN. Only email address is required for much higher withdrawal limits.

Houbi banned US customers on its international site. They have a US-facing site but it's only got ~ a dozen coins listed.

So if you want to be "legit" then Kucoin is the best option. If you're willing to VPN from the US and risk the consequences, Binance is still the best.

This is hard to think about especially the most popular crypto exchanges in the US are operating overseas and this is hard for them since the SEC and the US authorities are not allowing them to have US customers. Now their only options are now limited to only Bittrex and Coinbase which I honestly think doesn't have the best service and with the competition going away I think they'll just be taking advantage of it without any kind of improvements with their system whatsoever.

We are 39 days away. It's like getting an eviction notice on your apartment door.

39 days and counting.

Anyway, you guys can check Bitmart if you wanted to (and if you're fine with KYC). I heard they open their service for US customers, at least an option to check and give it a try. They're nowhere near Binance level though, and there's no market marker to provide your liquidity (or pump your token to the sky) as Binance did.

They can compete with Binance soon as they have the volume, if Binance can't make a timely action, they will loss a big portion of the market.
Every exchange that sees the opportunity will try hard to compete and I think the exchange you shared had a decent volume, so I can say traders are also trusting them.

Binance always has many ways to develop their platforms, with the existence of Binance US it proves that binance really wants to be the best platform that always has innovation for crypto fans. In fact, in my opinion it is not easy for a crypto company to build a platform in the US and comply with all regulations issued by the US, even other exchanges want to get out of all US regulations, but binance is different, well he is the best.

People should not worry as Binance are finding ways to still cater the US clients as soon as they comply with the requirements.
They'll surely focusing on that now as they know how big of a profit they'll loss even for a short period without their US clients.

This is may not be the latest from them, but Binance assures they'll be launching a US exchange.

https://www.coindesk.com/binance-says-its-launching-a-us-exchange-with-fincen-registered-partner

I am removing my funds from Binance before this "mystery" exchange takes over for their US clients.  Binance is an amazing crypto exchange but with immature people in their public relations area.

It is sucky news to hear the whole Surprise! It's going to be a Mystery exchange!  Have fun being Secretly outsourced!  Right under your nose!  Not cool at all.

Good point man, I don’t know why people are making it feel like Binance is the only exchange and as if they are gods. Before Binance came into existence, where there not traders in the market? We had traders, and they were doing very fine including the Americans, we have lots of Americans that even have experience more than Binance in this industry because of the number of years they have spent.

So, Binance prohibiting them would not really have any effect on them, so long it is not local exchange they’re having as problem, they will sure get any exchange for them to work through and it must not necessarily be Binance. Binance is the one that would lose out from prohibiting them. There are so many exchanges like Kucoin, coinbase, bittrex that would gladly accept them.

I wouldn't want to wait for the last day to actually shift, especially because of how they can shorten the time you have to actually withdraw, and you might miss their announcement while you think you still have 39 days.

It was to be expected after how so many other exchanges have already dumped off their US clients. The regulatory framework is slowly but surely forming a cage around exchanges and it will soon target other countries as well.

It's interesting to see how Kucoin seems to be gaining more momentum now Binance and BitMEX are taking a hit. It has done quite well making itself look interesting enough to welcome Binance and BitMEX refugees.

Thanks for pointing that out. It makes me wonder if the funds from their US exchange clients have already been switched out but all we see is the original website. That would be classic Binance policy to accidentally forget to tell clients what is going on exactly. Like a surprise birthday party a few days before the actual birthday. With Binance it would like Surprise, your funds have actually been moved into the new mystery clients cyrpto-bank, we just did not want to have full transparency with our USA clients because that would freak them all out to know the truth. -Or I could be wrong about all that and my imagination is just running away with me again-

What is going on with today's news about Binance accounts being hacked?  What happened?

I have not logged in to my Binance account, but I have funds sitting there at their exchange, hopefully....

No funds were taken. In fact, it doesn't look like Binance was hacked at all.

Apparently there was some KYC data leaked around February 2018. Binance has said repeatedly there are no indications the data came directly from their database (they watermark these types of photos). They were using a third party vendor to process KYC overflow at that time and are implying that's how the data was stolen.

This is what Binance announced yesterday (https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak) in response to the rumors:

Binance should have an option to receive important news related to your account and the Binance exchange.  There should be email blasts sent to clients. My 2 cents.

The accusation is not based on funds hacking but data hacking, some people claim that their database was hacked, and data of people were stolen which Binance has already denied ever having the knowledge of that, so I am still waiting for some days too to see if it is just a rumor or it really happened.

If it really happened, I am suspecting the hand of a country I would not like to mention on that because I just heard that there are some exchanges they have already approached to get data of people for tax purpose, and if Binance I proven stubborn, the thing they would definitely too is to secretly hack into their database with their professional hackers and then get the data needed by force in other for them to be able to use it to slam cryptocurrency tax on the ones that concerns them.

I think that Binance is getting a little too big for it's britches... :-\

Well, Binance is not unique in this market. They attract users for great liquidity and have a professional market maker team that controls this market. If you are not a person who prefer pump-dump schemes like on binance, I think you can have many options with good trading volume, many trading pairs and not banning US users, like Coinbase.

The negotiation fell off, that's why the hackers has the audacity to post the pictures and faces of the individuals who've undergone KYC. The sad thing is that Binance didn't take care of those individual so it doesn't really look good at Binance. I'm sure this will haunt them and it could somewhat damage their reputation and could be one reason why we would say "sayonara" to them and move somewhere else.

You are talking from a bitter end and as much as majority of us are not happy about the decision of Binance to lock united states traders out of their platform, that should not mean that we will say things that are not true about them. You really cannot compare Binance and coinbase because function wise, Binance is far better than coinbase.

Yes I know that coinbase has more users than Binance, but the gap between the times they were both established is quite much also, coinbase was 2010, while Binance was just 2017 here and since I know Binance, coinbase has more record of pump and dump coins more than Binance. Most people that likes to trade shitcoins even do that more on coinbase than Binance. Binance is where you can still get the best of coins listed.

Just a reminder: the policy is effective on Sept. 12, 2019, so that gives USA customers about 28 days from now to make up their minds.

If USA customers submit Know Your Customer information before that date, can they continue trading with the Binance exchange?

Can we keeps our coins in binance exchange after that date?  How long can we keep them there?

from my reading of their terms, there is no date by which you must remove your coins. on september 12, USA users will lose deposit and trading privileges but will still be able to access their accounts and withdraw.

there's absolutely no reason to store funds there if you can't trade though. that's just unnecessary third party risk.

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.

They would just simply have those words in mind "Thank you for the Blessings." lol

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.

Can the USA traders continue using Binance if they just submit KYC information?

Is Binance available in the US?

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..

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.

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.

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?

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?

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.


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.

I'm a representative of Quedex, let me clarify a few things:

• 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.

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.

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.

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.

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.

The day is here.  Tomorrow, September 12, is when Binance ceases to conduct business with their clients from United States of America!!!

https://upload.wikimedia.org/wikipedia/commons/9/99/NYC_NYSE.jpg

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! :P

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.