Using Bitfinex in the US, possible still?

[ProtonBank]

I wanted to move to bitfinex from poloniex because they offered better loan rates and i think they are becoming a better exchange, even better with ethfinex coming out. I seen they recently banned US customers. Im US. Does that mean i cant use it? Even if i spoof my location, i wont be able to withdrawl? can i get around it?

Please give me info on this subject, i really want to use this exchange. I really need the limitless margin trading like poloniex and bitfinex offers.

Thanks,

[Quickseller]

I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.

[pinkflower]

I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.

That doesnt make sense. By letting a person from the US use an unverified account will make matters worse for them and the user is also taking part of the risk. What if Bitfinex locks for account and claims all your funds?

Its better to look for another exchange, ProtonBank. Kraken is a good replacement.

[Quickseller]

I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.

That doesnt make sense. By letting a person from the US use an unverified account will make matters worse for them and the user is also taking part of the risk. What if Bitfinex locks for account and claims all your funds?

Its better to look for another exchange, ProtonBank. Kraken is a good replacement.

Bitfinex is disallowing individuals who they have affirmative knowledge are acting individually as a US resident. If Bitfinex does not have affirmative knowledge that a particular customer is acting individually as a US resident, then I do not believe they will disallow the customer from using their platform. I understand that verified US customers will be able to withdraw funds indefinitely (although I suspect that any withdrawal request will need to withdraw the entire balance of the currency being withdrawn). I also understand that accounts of Biitfinex customers that are US-based corporate entities will continue to be serviced. 

[3efdvfsd3rh]

I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.

That doesnt make sense. By letting a person from the US use an unverified account will make matters worse for them and the user is also taking part of the risk. What if Bitfinex locks for account and claims all your funds?

Its better to look for another exchange, ProtonBank. Kraken is a good replacement.

Thanks for giving some replacements. I will try out Kraken. I don't trust leaving my funds in Bitfinex anymore with the off chance of them freezing or seizing my money. Unfortunately Bitfinex's lending is hard to come by. Anyone know any trustworthy exchanges that provide lending and support US customers? Thanks.

[pinkflower]

I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.

That doesnt make sense. By letting a person from the US use an unverified account will make matters worse for them and the user is also taking part of the risk. What if Bitfinex locks for account and claims all your funds?

Its better to look for another exchange, ProtonBank. Kraken is a good replacement.

Bitfinex is disallowing individuals who they have affirmative knowledge are acting individually as a US resident. If Bitfinex does not have affirmative knowledge that a particular customer is acting individually as a US resident, then I do not believe they will disallow the customer from using their platform. I understand that verified US customers will be able to withdraw funds indefinitely (although I suspect that any withdrawal request will need to withdraw the entire balance of the currency being withdrawn). I also understand that accounts of Biitfinex customers that are US-based corporate entities will continue to be serviced. 

Then doesnt it open an argument for the regulators to use KYC/AML on all of Bitfinex's users to find out who are from the US? What they are doing is counterintuitive.

[Quickseller]

I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.

That doesnt make sense. By letting a person from the US use an unverified account will make matters worse for them and the user is also taking part of the risk. What if Bitfinex locks for account and claims all your funds?

Its better to look for another exchange, ProtonBank. Kraken is a good replacement.

Bitfinex is disallowing individuals who they have affirmative knowledge are acting individually as a US resident. If Bitfinex does not have affirmative knowledge that a particular customer is acting individually as a US resident, then I do not believe they will disallow the customer from using their platform. I understand that verified US customers will be able to withdraw funds indefinitely (although I suspect that any withdrawal request will need to withdraw the entire balance of the currency being withdrawn). I also understand that accounts of Biitfinex customers that are US-based corporate entities will continue to be serviced. 

Then doesnt it open an argument for the regulators to use KYC/AML on all of Bitfinex's users to find out who are from the US? What they are doing is counterintuitive.

There is no basis for US regulators to regulate bitfinex, as they are not based in the US, have no presence in the US, and do not do business with US individuals.

[HeRetiK]

There is no basis for US regulators to regulate bitfinex, as they are not based in the US, have no presence in the US, and do not do business with US individuals.

Tell that to the SEC. As long as US individuals are involved (and I'm afraid as long as Bitfinex doesn't actively prohibit US customers, eg. by blocking IP ranges) the SEC can and will intervene. Whether Bitfinex has presence in the US is unfortunately irrelevant in this case. Welcome to the free world.

[pinkflower]

I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.

That doesnt make sense. By letting a person from the US use an unverified account will make matters worse for them and the user is also taking part of the risk. What if Bitfinex locks for account and claims all your funds?

Its better to look for another exchange, ProtonBank. Kraken is a good replacement.

Bitfinex is disallowing individuals who they have affirmative knowledge are acting individually as a US resident. If Bitfinex does not have affirmative knowledge that a particular customer is acting individually as a US resident, then I do not believe they will disallow the customer from using their platform. I understand that verified US customers will be able to withdraw funds indefinitely (although I suspect that any withdrawal request will need to withdraw the entire balance of the currency being withdrawn). I also understand that accounts of Biitfinex customers that are US-based corporate entities will continue to be serviced. 

Then doesnt it open an argument for the regulators to use KYC/AML on all of Bitfinex's users to find out who are from the US? What they are doing is counterintuitive.

There is no basis for US regulators to regulate bitfinex, as they are not based in the US, have no presence in the US, and do not do business with US individuals.

If thats the case then why is Bitfinex disallowing Americans from using the exchange? Are they scared that the long arm of the US government could find a way to incriminate them for allowing their citizens to trade using their unregulated exchange?

[arwin100]

There is no basis for US regulators to regulate bitfinex, as they are not based in the US, have no presence in the US, and do not do business with US individuals.

Tell that to the SEC. As long as US individuals are involved (and I'm afraid as long as Bitfinex doesn't actively prohibit US customers, eg. by blocking IP ranges) the SEC can and will intervene. Whether Bitfinex has presence in the US is unfortunately irrelevant in this case. Welcome to the free world.

I don't really know on what is the point of SEC on why they prohibit their locals to trade on their but I think their still US citizen will deal with it since they can use IP changer things here but if the case that bitfinex disallow US citizen to do some trades due to law issues then I think they must implement that so that they will not be an hot target when they sue some sites on future.

[Tactical Genius]

I think you can use VPNs to get around it.You can try that but you have to be careful because your funds could get locked up if you are caught.You vould also trying looking around for other exchanges rather than bifinex