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

[stomachgrowls]

Bitcoin + Finance = Binance, got it.

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

Why not try to ask them?  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.

[Pipdips]

Why not try to ask them?   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/

[jerry0]

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

[exstasie]

So is Kucoin going to be most popular exchange then for US? 

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.

If so, make sense to buy kucoin?

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.

[Irvinn]

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.

[wywoc]

Bitcoin + Finance = Binance, got it.

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

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.  
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.

[exstasie]

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.

[Harlot]

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.

[Pipdips]

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

[joniboini]

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.

[Questat]

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.

[MonsterV]

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.

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.

[stadus]

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.

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

[Pipdips]

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.

[redsun114]

I guess its not a problem even if binance prohibit US residents in accessing their site, there are lots of other good and stable exchanges around that could be use, binance is just one and if that happens, let binance die in vain for Americans.

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.

[BitHodler]

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

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.

[Pipdips]

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

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-

[Pipdips]

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....

[exstasie]

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 in response to the rumors:

First and foremost, there are inconsistencies when comparing this data to the data in our system. At the present time, no evidence has been supplied that indicates any KYC images have been obtained from Binance, as these images do not contain the digital watermark imprinted by our system.

On initial review of the images made public, they all appear to be dated from February of 2018, at which time Binance had contracted a third-party vendor for KYC verification in order to handle the high volume of requests at that time.

[Pipdips]

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.