Binance and multiple citizenship

[Synchronice]

I think this is an interesting question, it will become even more interesting in near future because Binance has some problems all around the world, in different countries and it has already stopped operating in some of them.

So, let's imagine that I am from country A and hold a citizenship of country B and C.
I am registered on Binance and KYC verified with the documents of country A, i.e. I used the passport of mine that I got from country A, whose citizen I am and where I was born. Now, let's assume that Binance got banned in my country (A). But I want to still use Binance exchange. If I open a new account and pass KYC verification again but with the documents of country B or C, will I be able to regain access to Binance and trade without problems?
Just want to know, what happens if certain exchange gets banned in your country but you hold a citizenship of other countries where this particular exchange has permission to operate.

Does anyone here has any experience? Please, feel free to change Binance with any exchange you wish, I just used that for an example.
P.S. I know that it's bad to use centralized exchange and no, I don't use one, it's just a question that is interesting for me and don't teach me to use decentralized exchanges, I know that.

[Oshosondy]

You can not use Binance in restricted countries.

2. Eligibility

2.1. Eligibility criteria. To be eligible to register for a Binance Account and use the Binance Services, you must:

a. be an individual, corporation, legal person, entity or other organisation with the full power, authority and capacity to (1) access and use the Binance Services; and (2) enter into and comply with your obligations under these Terms;

b. if you are an individual, be at least 18 years old;

c. if you act as an employee or agent of a legal entity, and enter into these Terms on their behalf, you must be duly authorised to act on behalf of and bind such legal entity for the purposes of entering into these Terms;

d. not have been previously suspended or removed from using Binance Services;

e. not be a Restricted Person;

f. not currently have an existing Binance Account; and

g. not be located, incorporated, otherwise established in, a citizen of, or resident of, or have business operations in:

i. a jurisdiction where it would be illegal under Applicable Law for you to access or use the Binance Services, or cause us or any third party to contravene any Applicable Law; or

ii.   a country listed in our List of Prohibited Countries.

If you move to country b or c, you can edit your KYC. You can contact the customer care also which I think is the best. Let them know that you have moved to country b or c. But if you are still in the restricted country a, you can not use Binance.

If a country has been restricted from using Binance, the country would be included in the list of restricted countries.

[rat03gopoh]

You must contact support for details. My guess is (based on logic) like the opinion above that you won't be allowed to use your nationality B or C identity while you're living in country A when the new restrictions are implemented, because you're personally subject to the laws of country A.
I don't know if binance ever asked for street selfie verfications like this. https://bitcointalk.org/index.php?topic=5410006

[Findingnemo]

You must contact support for details. My guess is (based on logic) like the opinion above that you won't be allowed to use your nationality B or C identity while you're living in country A when the new restrictions are implemented, because you're personally subject to the laws of country A.
I don't know if binance ever asked for street selfie verfications like this. https://bitcointalk.org/index.php?topic=5410006

I checked their FAQ section, and I wasn't able to find any relevant information either but it is technically possible if the support accepts another ID from allowed countries and is able to trade from the same country as long as the person is accessing their platform via a proxy network of different geolocation which is he used maybe B or C.

Well, it may lead to face the circumstances of like the account can be held for investigation due to unusual activity which normally happens when we use VPN so don't use the platform if you are still a resident of restricted country or else you are taking the risk of losing your funds.

[PX-Z]

If you move to country b or c, you can edit your KYC. You can contact the customer care also which I think is the best. Let them know that you have moved to country b or c. But if you are still in the restricted country a, you can not use Binance.

Chances are the account will be deleted/removed first due to the reasons of restricted country. Or possible if the user update its kyc info before the announcement of the updated restricted countries. Or maybe you can still update your kyc info while you are on the grace period given by binance to withdraw its balance.

[EarnOnVictor]

I must say I dug deeper for you on this enquiry and found out that there are only 4 countries prohibited by Binance Global itself in their term of account opening, and the countries are Canada, Malaysia, Netherlands and the United States.

If you are not a citizen of those countries and your country prohibits Binance Global, you are free to use another country's citizenship and even use either of the former and present country's IPs, they will look away as long as it's not the IPs from Canada, Malaysia, Netherlands or the United States.

Mind you, people living in the prohibited nations are still dealing with Binance Global according to the information reaching me, once they can register with another country's ID, they will switch to another country's IP.

[Faisal2202]

A nice question you have asked here. To be honest I do not have any experience and do not want to gain one (in these type of cases  ) But I think you could actually use Binance in other country. Because they do not ban the person's Identity instead citizenship or ban country. So, If you could make a new account with "B" or "C" country details then your account could be made but you definitely can not get the access of your old account back instead a new one with new details.

I hope I am not wrong here, And If there are some doubts then use different type of identity document like if in "A" country you KYC with Passport then in country "B" do KYC with some other document like driving license or ID card etc. I know it might not work because information is information but who says they actually verifies the information with governments. (I don't think so). Point is, Chances are high that you could use another Binance account.

[Beparanf]

If I open a new account and pass KYC verification again but with the documents of country B or C, will I be able to regain access to Binance and trade without problems?

I assume this will work because you have a valid ID on different country or safely to say Dual Citizenship is allowed if you can privide a valid government ID that they are acknowledging.

They even suggest to create an account using other family member if you want tomopen multiple account.

The question here is will you risk considering Binance knew that you previously submitted an ID from restricted country?

[Rikafip]

The question here is will you risk considering Binance knew that you previously submitted an ID from restricted country?

In his scenario he is not risking anything because at the time he made that account, that country wasn't restricted and only after Binance retsricted it, he would use his other country's documents.

@OP this is an interesting question but we can only guess here (unless someone has dual citizenship and went through your scenario) so probably the best is to ask their customer support.

[Little Mouse]

It's not a big deal. As I expected, I found this from Reddit. A user had posted that he had 2 accounts in Binance. I don't think Binance is going to restrict you when you have all the legal stuff. Why would they lose their commission? That doesn't make sense.

I opened an account with my second (non US) citizenship while living in the UK.

Why did I say that doesn't make sense? You know the rules and regulations in China about cryptocurrency. Binance staffs were accused of providing fake KYC for their clients from China and it was a direct involvement from Binance itself. I had a long investigation to write a report in Bengali about how Binance is playing devil on the market. I found this. When they can illegally allow people to use their platform just to make profit, why wouldn't they allow you to trade when you will have all legal documents?

[Potato Chips]

Here's my take lol

I'd say there's a good chance you could still pass the identity verification for your newly created account. Who knows, perhaps their kyc software ain't that hard to fool lol. Keep in mind that some exchanges like binance are geo-blocking people hence you must never access your account from a banned-country's IP.

However I'd imagine problem/s would arise once they come to know you have a previous account with them, perhaps they will off-board you again. Binance as of writing allows one master account per person and you technically have an account with them therefore creating a new account under the same name/person could count as breaking the rule.

In addition, the person in question being a citizen from a banned country is definitely up for discussion. Further, if it's revealed you're residing in the banned country as well, that would be a double blow on your chances.

[un_rank]

Realistically they will allow you trade freely with your other citizenship as proof of KYC, if you are at the time not living in the restricted area.
You can check through the Terms of Service, but it will not offer you any protection if they choose to use the duality in details as a reason the restrict you from spending the funds you have in your their wallet.

Try contacting their customer care should you wish to transition to a different proof of identity.

- Jay -

[Darker45]

If you are residing in country A and country A is banned, then you're not allowed to use the exchange's services. That is, even if you're also a citizen of countries B and C where Binance is legally operating. So, supposing you're allowed to create another account with the same name, even if you submit a different set of personal details and documents, using country B, for example, for as long as you remain in country A, you're still not allowed.

But if you have already moved to country B or C, I don't think you need to open another account. You probably just have to do or redo your KYC using details and documents bearing the information of either country B or C and you're good to go. But since this might be detected as a suspicious activity, particularly if you've already submitted documents and details from country A for KYC and got rejected, it's better to give the support a heads up.

[yudi09]

In his scenario he is not risking anything because at the time he made that account, that country wasn't restricted and only after Binance retsricted it, he would use his other country's documents.

@OP this is an interesting question but we can only guess here (unless someone has dual citizenship and went through your scenario) so probably the best is to ask their customer support.

I have chatted with Binance support by asking questions like the case you raised about registering an account on the Binance exchange with a different country ID card.
They directed me to https://www.binance.com/en/support/faq/xxxxxxxx. I opened the link provided, there I found nothing related to the OP's question.

Temporary answer and not a definite answer from me, it is possible to get a new account when registering with a different nationality ID card. Logically, our identities when registering for a Binance account with ID cards from the second country are different.

[Oshosondy]

Temporary answer and not a definite answer from me, it is possible to get a new account when registering with a different nationality ID card. Logically, our identities when registering for a Binance account with ID cards from the second country are different.

I have given the answer above already which is not a temporary anwser but which I am certain about and it is correct. If you are living in a way that Binance was legal before, you can not use Binance anymore in that country even if you are a citizen to another countries in which Binance is not restricted. If you want to use Binance, move to any of the countries that Binance is legal and not restricted.

[Potato Chips]

I have chatted with Binance support by asking questions like the case you raised about registering an account on the Binance exchange with a different country ID card.
They directed me to https://www.binance.com/en/support/faq/xxxxxxxx. I opened the link provided, there I found nothing related to the OP's question.

Lol sounds like you encountered a poor support and need to try again.

It's not just binance but in most CEx, talking to a support agent can be a hit or miss - sometimes you get an agent who knows what they're talking about, in other times, no. Furthermore, your chances would also depend on the inquiry. For instance, more agents would know the answer to an easy/common inquiries rather than complicated types.

[stompix]

If you are residing in country A and country A is banned, then you're not allowed to use the exchange's services. That is, even if you're also a citizen of countries B and C where Binance is legally operating. So, supposing you're allowed to create another account with the same name, even if you submit a different set of personal details and documents, using country B, for example, for as long as you remain in country A, you're still not allowed.

This! That's why they ask for proof of residency as well in their KYC!

You will have to move to country B, get your proof of being a resident there, use your second passport, a new bank account from country B, and then pray a lot that Binance is either greedy or stupid enough to let it slide, as normally even the most stupid identity checks will match your name in passport A and B and your face on the documents. But your IRS equivalent won't be, so you are basically just asking for trouble, especially if countries A and B don't have a taxation treaty, as that's going to be funny!

It's not a big deal. As I expected, I found this from Reddit. A user had posted that he had 2 accounts in Binance.

3 years ago, much has changed since then, they didn't even have mandatory KYC at that time!
And, that's dual US citizenship, probably the worst one to play stupid games like imaginary country hopping, better move to a different exchange.

[tabas]

Haven't tried this so have no experience but I think by the books, that's possible. A simple explanation on what has happened which is the first country you've got is restricted and as long as you've got other supporting documents for proving that you're also a passport holder of a country that's not banned/restricted plus other supporting details. IMO, the support have this on their spiels on how to answer this if it cannot be found on their FAQ. But some may seem to be disappointed as the support they've talked to didn't give that much info, I think if you're on the actual situation, they may give you some serious urgency to answer your query.

[robelneo]

There's really nothing like contacting support and asking the right question or presenting a clear explanation of your situation, Binance recently updated their KYC so they might changed something about KYC in their users' citizenship but it is not yet posted in their terms, or FAQ.

How do I open a second Binance account?
Unfortunately, one user can only have one verified Binance account. You can open a second account under your blood relative name, and the KYC needs to be done by them. .

How do I open a second Binance account?
So if you have a relative in a country where you migrate you can try this method, but you can't use the account where you are verified in a restricted country, there should be changes in the status of your account information before you can use it and they probably going to change your status.

[Synchronice]

But if you have already moved to country B or C, I don't think you need to open another account. You probably just have to do or redo your KYC using details and documents bearing the information of either country B or C and you're good to go. But since this might be detected as a suspicious activity, particularly if you've already submitted documents and details from country A for KYC and got rejected, it's better to give the support a heads up.

Just found a good FAQ page: https://www.binance.com/en/support/faq/how-to-complete-identity-verification-360027287111
So, you are right, one can update KYC documents for various reasons and one of them can be nationality change but it's still unclear whether you need to register a new account or updated KYC verification is enough to unlock your account because of ban in your country.

By the way, while writing this post, I had a conversation with Binance support, here is the answer to my question:

So if it is banned in a country we can change the country of residence if you have a valid ID document, except for the restricted countries like US, etc

I have chatted with Binance support by asking questions like the case you raised about registering an account on the Binance exchange with a different country ID card.
They directed me to https://www.binance.com/en/support/faq/xxxxxxxx. I opened the link provided, there I found nothing related to the OP's question.

I was told that Binance support is dead and that's why I came up here with that question but after you post, I messaged them and got the answer.