What altcoins to buy/trade as US Citizen?

[jerry0]

Im a US citizen but abroad pretty much all year.  I also am from a restricted state in the US... so I cannot use binance.US or kraken.  I can no longer use binance since they require KYC.  I had zero issue using it since i used it outside the US where I am mostly until they are now doing KYC.


Obviously binance has the most selection of altcoins available.  But can you really do much trading/investing if you are limited to coinbase/gemini?


There are tons of those altcoins with no names that eventually pump and I cannot even buy those coins since i can only use coinbase/gemini.  I mean if i could use binance.US and kraken... well that would be much better but I can't.  I remember i couldn't use bittrex anymore because they banned my state.


Anyone that is like this?


I wonder how do people even buy alts this way like those low market cap coin this way.

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[cabron]

Riding the pumps of altcoins with no names is riskier than riding on ranked altcoins. You are not totally limited if you are just on Coinbase, it had listed altcoins that are really good which are also on Binance.

But if you really want to try those Trending and Biggest gainers listed by CMC, they're on pancake and Uniswap. You are free to go there as they are DEX.

[jerry0]

I heard of pancake and uniswap.  So those are like exchanges similar to like coinbase/gemini except ... what reason?


So basically those sites do not restrict anyone due to location and no KYC?


But i got to assume the fees you pay there for coin trading is much more than coinbase/gemini/binance right?


Again i can't use either binance anymore... because even though im outside the US now, binance requires KYC so I can't use it.  And I can't use binance.US because im from a restricted state in the US.


Because lot of coins i see on coinmarketcap, almost always those coins are available on binance ... but i can't use it.

[Roman_Picisan]

Im a US citizen but abroad pretty much all year.  I also am from a restricted state in the US... so I cannot use binance.US or kraken.  I can no longer use binance since they require KYC.  I had zero issue using it since i used it outside the US where I am mostly until they are now doing KYC.


Obviously binance has the most selection of altcoins available.  But can you really do much trading/investing if you are limited to coinbase/gemini?


There are tons of those altcoins with no names that eventually pump and I cannot even buy those coins since i can only use coinbase/gemini.  I mean if i could use binance.US and kraken... well that would be much better but I can't.  I remember i couldn't use bittrex anymore because they banned my state.


Anyone that is like this?


I wonder how do people even buy alts this way like those low market cap coin this way.

your country doesn't restrict you from buying coins, use that opportunity you can buy big 100 coins in the market place and coingenko, if you ask about this it's a good suggestion.

[RussianEnglishTranslation]

Im a US citizen but abroad pretty much all year.  I also am from a restricted state in the US... so I cannot use binance.US or kraken.  I can no longer use binance since they require KYC.  I had zero issue using it since i used it outside the US where I am mostly until they are now doing KYC.


Obviously binance has the most selection of altcoins available.  But can you really do much trading/investing if you are limited to coinbase/gemini?


There are tons of those altcoins with no names that eventually pump and I cannot even buy those coins since i can only use coinbase/gemini.  I mean if i could use binance.US and kraken... well that would be much better but I can't.  I remember i couldn't use bittrex anymore because they banned my state.


Anyone that is like this?


I wonder how do people even buy alts this way like those low market cap coin this way.

Trade on decentralized exchanges like Ref Finance and Pancakeswap. You can then use bridges and when it comes time to sell, swap for USDT and withdraw on Coinbase.

[asriloni]

I heard of pancake and uniswap.  So those are like exchanges similar to like coinbase/gemini except ... what reason?

Those dexs are not similar to the centralized exchange site as these dex were using swap as a way to trade. That's quite different with cex that used direct buy and sell order on the platform to trade. In dex any of trade happened in the platform will be calling the contract.

So basically those sites do not restrict anyone due to location and no KYC?

As far as I know dex was trustless platform. that doesn't require KYC to trade.

But i got to assume the fees you pay there for coin trading is much more than coinbase/gemini/binance right?

You're right as any transaction must be done through several transactions in the network. that consumes more fees for each transaction compared with cex.

Again i can't use either binance anymore... because even though im outside the US now, binance requires KYC so I can't use it.  And I can't use binance.US because im from a restricted state in the US.

I guess you're from NY as binance service was not available there.

[jerry0]

Thats correct.  Im from New York.  So I cannot use binance.US or kraken or any of those staking coin sites like blockfi, celsius, nexo.


Which is why i want to know where can i stake stablecoin and buy altcoins to trade.

[jerry0]

Im a US citizen but abroad pretty much all year.  I also am from a restricted state in the US... so I cannot use binance.US or kraken.  I can no longer use binance since they require KYC.  I had zero issue using it since i used it outside the US where I am mostly until they are now doing KYC.


Obviously binance has the most selection of altcoins available.  But can you really do much trading/investing if you are limited to coinbase/gemini?


There are tons of those altcoins with no names that eventually pump and I cannot even buy those coins since i can only use coinbase/gemini.  I mean if i could use binance.US and kraken... well that would be much better but I can't.  I remember i couldn't use bittrex anymore because they banned my state.


Anyone that is like this?


I wonder how do people even buy alts this way like those low market cap coin this way.

Trade on decentralized exchanges like Ref Finance and Pancakeswap. You can then use bridges and when it comes time to sell, swap for USDT and withdraw on Coinbase.

Could you stake usdc/usdt or stablecoins there?

[Iceblast]

The problem of purchasing coins can actually be used by citizens of any country, not just the US. I see if you want to choose an altcoin maybe you can look at CMC with positions 1-10 it being the most recommended and safest

[arifteguhr]

Thats correct.  Im from New York.  So I cannot use binance.US or kraken or any of those staking coin sites like blockfi, celsius, nexo.

Try using a VPN and going to the Binance.cc site, who knows it might open and you can trade in it,
and one more thing, try to open a site like Kucoin which might also be open in your area.