9thsky (OP)
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February 02, 2021, 01:57:08 PM |
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Like some other platforms do. Is it against thier terms and conditions? Could it cause account termination?
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AB de Royse777
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February 02, 2021, 02:09:21 PM |
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I do not think they have any terms about VPN, Just checked their terms page and nothing is there. A Google search led me to this article which is explaining how to use VPN if you are in USA to bypass US IP. So considering above studies, I think there are no VPN hassle with Binance.
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GreatArkansas
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February 02, 2021, 02:17:44 PM |
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Why use a VPN first? If you are located from the country that using Binance is not allowed, you may try some alternative exchange or if you are from UNITED STATES, there is Binance US. If your reason is to bypass some law or regulation, it may dangerous and risky on your funds. Try to check this topic on reddit about using VPN on Binance - Using in US with VPN.
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bullrun2024bro
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February 02, 2021, 02:23:01 PM |
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I do not think they have any terms about VPN, Just checked their terms page and nothing is there. A Google search led me to this article which is explaining how to use VPN if you are in USA to bypass US IP. So considering above studies, I think there are no VPN hassle with Binance. Agree. I also don't think that using a VPN is a huge deal. Nevertheless using a VPN could become problematic if you're from a restricted region and you're forced to do a KYC ( e.g. if your account shows deposit/withdrawal irregularities). I personally would not want to take the risk of having multiple BTC frozen, just because I am from a restricted region. In this case, I would better choose another exchange. If you're looking for additional input: A question in this regard was asked some time on Reddit before: Using in US with VPN.(@GreatArkansas you got fast fingers )
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AB de Royse777
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February 02, 2021, 02:28:00 PM |
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Agree. I also don't think that using a VPN is a huge deal. Nevertheless using a VPN could become problematic if you're from a restricted region and you're forced to do a KYC (e.g. if your account shows deposit/withdrawal irregularities)
For small amount of transactions/trades I think Binance will not set any alert but if the amounts are large then it's very risky to hide the location. They will simply freeze the fund and possibly will never give it back. Also, they have this limit and if you exit the limit they will ask for KYC so use VPN but if anyone wants to hide their identity then they will eventually get caught if amounts are large.
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9thsky (OP)
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February 02, 2021, 03:34:58 PM Last edit: February 02, 2021, 05:04:21 PM by 9thsky |
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Why use a VPN first? For privacy and security reasons, not necessarily from Binance, but rather for whoever is and might be there between me and Binance. I do not think they have any terms about VPN, Just checked their terms page and nothing is there. A Google search led me to this article which is explaining how to use VPN if you are in USA to bypass US IP. So considering above studies, I think there are no VPN hassle with Binance. Some platforms don't have it in their terms but then out of the blue suspend your account for "suspicious activities".
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mk4
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I’ve been using Binance for approximately 4 years now, and I’ve always used a VPN; with me hopping country IPs too. Had no problem besides the annoying(but necessary) email verification due to the unrecognized IP.
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February 02, 2021, 04:00:47 PM |
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I am not in the United States, but when I go to several exchanges, I have to use a VPN, because maybe in my country the exchange was blocked, for some reason. So as long as you use a VPN with a fixed country to enter the exchange, it's still pretty safe, but if you change the VPN every time you go on the exchange, there's a high risk that your account will be suspended until the investigation is over.
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kram31
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February 02, 2021, 04:01:06 PM |
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Like some other platforms do. Is it against thier terms and conditions? Could it cause account termination?
I don't think that Binance is using VPN, correct me if I am correct to my understanding. Maybe the majority of the Binance community some are using vpn but not the Binance itself of course. But if anyone are doing something about against the rules, perhaps this could be too risky I think.
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GoldenSky
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February 02, 2021, 04:06:01 PM |
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I do not think they have any regulations about using VPN. Why you planning to use VPN ? Is Binance banned in your counrty ?
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9thsky (OP)
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February 02, 2021, 04:25:26 PM Last edit: February 02, 2021, 05:02:58 PM by 9thsky |
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I do not think they have any regulations about using VPN. Why you planning to use VPN ? Is Binance banned in your counrty ?
See my reply to GreatArkansas above. Is there a list of countries where Binance is banned? I’ve been using Binance for approximately 4 years now, and I’ve always used a VPN; with me hopping country IPs too. Had no problem besides the annoying(but necessary) email verification due to the unrecognized IP.
What's your reason for using a VPN with it MK4?
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adzino
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February 02, 2021, 05:53:40 PM |
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Like some other platforms do. Is it against thier terms and conditions? Could it cause account termination?
I don't think using VPN is against their terms (you should check though) and highly unlikely your account might get terminated (if that would happen, we would see tons of people complaining). Would could happen is that you might trigger a security flag and they will ask you to proof ownership of the account. I have recently read some reddit topic where others faced the similar problem. So don't use VPN. Use your own connection. This might even help you in the future when your account needs verification or is in some sort of investigation.
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Lakai01
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February 02, 2021, 08:13:23 PM |
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-snip- I personally would not want to take the risk of having multiple BTC frozen, just because I am from a restricted region. In this case, I would better choose another exchange. -snip-
That, in my opinion, is exactly the point here. Binance specifically excludes residents of certain countries from using their exchange. If you live in such a country and use the exchange with the help of a VPN, you violate their terms of use. If the exchange finds out about this, however, the funds in the account are definitely frozen and you no longer have a chance to get your precious coins. There have been several threads on this very topic where people have opened a scam accusation thread against the exchange, but then it turned out to be exactly such a case. The exchange basically has the right on its side, because it deliberately violated their terms of use. But as far as I remember Binance allows the withdraw of the coins even in such violations, unfortunately other exchanges see it completely different and freeze them.
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mk4
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February 03, 2021, 07:50:09 AM |
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What's your reason for using a VPN with it MK4?
Pretty much the same with your reasoning from your previous reply— for both privacy and security. I just don't like my local ISP to be unnecessarily snooping on my online activity.
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Oshosondy
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February 03, 2021, 08:23:02 AM |
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Pretty much the same with your reasoning from your previous reply— for both privacy and security. I just don't like my local ISP to be unnecessarily snooping on my online activity.
You are right, but most exchanges used are centralized, they have terms of service. VPN usage may not be allowed, like on HitBtc, VPN is not allowed, I am not certain about this 100%, but if I am using their app to trade, loading it on VPN will not work. But for privacy, better using VPN but this can only be effective in very few exchanges but on noncustodial wallets.
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ultrloa
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February 03, 2021, 08:32:18 AM |
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Like some other platforms do. Is it against thier terms and conditions? Could it cause account termination?
I'm using VPN and trading on binance so far never encounter any issues for long time using it, but as other says here just make sure you are not trading on forbidden country since once they require a KYC documentation for sure you will fail for that matters. But If you are not residing in banned countries and just want to use that for good reason then you can use it.
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youdacapt
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February 03, 2021, 09:09:51 AM |
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Like some other platforms do. Is it against thier terms and conditions? Could it cause account termination?
There are no hassles with Binance as regards VPN; as long as you remain legit on their platform; you could only have to verify new locations every time prior to signing in to your account because VPN can be inconsistent. Which country do you reside ? Is it on binance ban list ? if yes; the vpn alone cannot save you. Read up about binance terms and conditions
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mk4
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February 03, 2021, 10:31:19 AM |
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You are right, but most exchanges used are centralized, they have terms of service. VPN usage may not be allowed, like on HitBtc, VPN is not allowed, I am not certain about this 100%, but if I am using their app to trade, loading it on VPN will not work. But for privacy, better using VPN but this can only be effective in very few exchanges but on noncustodial wallets.
It's pretty simple. If a certain exchange I'm using doesn't like the fact that I personally use proxies/VPNs, then I simply ditch that exchange for another, and I stop recommending that certain exchange to other people.
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tranthidung
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February 03, 2021, 10:37:00 AM Last edit: February 03, 2021, 11:54:10 AM by tranthidung |
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If you don't cheat them, I think you won't get troubles. VPN might cause suspension of your account if Binance detects suspicious activities from your account and log in IPs. They don't force you to do KYC but if you account is suspended, you will have to do KYC. If you successfully verify your account, you will get it back. 1. Suspension of Binance Accounts You agree that Binance shall have the right to immediately suspend your Binance Account (and any accounts beneficially owned by related entities or affiliates), freeze or lock the Digital Assets or funds in all such accounts, and suspend your access to Binance for any reason including if Binance suspects any such accounts to be in violation of these Terms, our Privacy Policy, or any applicable laws and regulations. You agree that Binance shall not be liable to you for any permanent or temporary modification of your Binance Account, or suspension or termination of your access to all or any portion of Binance Services. Binance shall reserve the right to keep and use the transaction data or other information related to such Binance Accounts. The above account controls may also be applied in the following cases: - The Binance Account is subject to a governmental proceeding, criminal investigation or other pending litigation;
- We detect unusual activities in the Binance Account;
- We detect unauthorized access to the Binance Account;
- We are required to do so by a court order or command by a regulatory/government authority.
Termination. I guess you did not pass their Compliance View due to one of reasons as follows: 2. Cancellation of Binance Accounts In case of any of the following events, Binance shall have the right to directly terminate these Terms by cancelling your Binance Account, and shall enjoy the right but not the obligation to permanently freeze (cancel) the authorizations of your Binance Account on Binance and withdraw the corresponding Binance Account thereof: - after Binance terminates services to you;
- you allegedly register or register in any other person’s name as a Binance User again, directly or indirectly;
- the information that you have provided is untruthful, inaccurate, outdated or incomplete;
- when these Terms are amended, you state your unwillingness to accept the amended Terms by applying for cancellation of your Binance Account or by other means;
you request that Binance Services be terminated; and - any other circumstances where Binance deems it should terminate Binance Services.
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Oshosondy
Legendary
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Activity: 1554
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Gamble responsibly
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February 03, 2021, 11:15:18 AM |
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I think you need to read the quote below. I use VPN on binance app and it worked, what many exchanges will disable, which means you will not be able to access with VPN on such VPN-disabled exchanges like HitBtc. I use trading app often, I do not know about their websites. I do not think they have any terms about VPN, Just checked their terms page and nothing is there. A Google search led me to this article which is explaining how to use VPN if you are in USA to bypass US IP. So considering above studies, I think there are no VPN hassle with Binance.
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