Are USA traders saying sayonara to Binance? (The Exodus Is Here?)

[Pipdips]

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?

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[yangongear]

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.

[Slow death]

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

Binance to Open US-Based Division With FinCEN Approved Partner

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

[Pipdips]

Bittrex, Okex, Houbi, Kraken, Coinbase, Poloniex

What is everybody waiting for?  Biding their time?

Binance to Open US-Based Division With FinCEN Approved Partner

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

[exstasie]

Yes? no? maybe so?

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

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?

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.

[VegasJeff]

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

[The Sceptical Chymist]

Bittrex, Okex, Houbi, Kraken, Coinbase, Poloniex

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.

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

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.

[Pipdips]

Coinbase banned me

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?

[leowonderful]

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:

Persons that are located in or a resident of the United States of America will be unable to create an account at Binance.com.

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.

[exstasie]

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.

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.

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.

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.

[cheezcarls]

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.

[FanEagle]

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?

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.

[yangongear]

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.

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  .

[Pipdips]

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.

[dothebeats]

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.

[bitgolden]

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.

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.

[Oilacris]

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:

Persons that are located in or a resident of the United States of America will be unable to create an account at Binance.com.

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.

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.

[idekai]

Kraken sucks, Coinbase banned me, never heard of Okex or Houbi, and Bittrex requires KYC.

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?

[Pipdips]

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.

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.

[sana54210]

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.

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.