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Binance.us opens for US customers today

trenning 7y ago
I'm a US customer of Binance for a while now. Is the difference between their regular platform and this that you can now add USD to their platform to trade with?
- mhluongo 7y ago
  Binance proper has turned off access for US users. You should remove your funds.
  - deleted 7y ago
    [deleted]
  - withdavidli 7y ago
    Did they not automatically transfer those accounts to this one? Thought they had a .us domain for over a year now.
    - boring_twenties 7y ago
      Nope, it's a completely separate site, you would have to create a new account and move funds over. On the old site, trading and deposits are disabled for US accounts but you can still withdraw.
      - withdavidli 7y ago
        Thanks! Never saw an email about this. Just another reason to have everything in your own wallet.
mythrwy 7y ago
This doesn't even have 10 coins on it! Hopefully they had more pairs soon.
- JohnJamesRambo 7y ago
  It’s got enough to make a nice index of the market though. The seven coins available equals 235 billion of the 273 billion dollar crypto total market cap (~86%). But yes, greatly reduced offerings compared to Binance.com. I assume they will add coins as they can and they have to avoid any coins that could be securities.
Urgo 7y ago
If you're in one of the following states (26% of the US) you can't use Binance.com or Binance.us sadly: Alabama Alaska Connecticut Florida Georgia Hawaii Idaho Louisiana New York North Carolina Texas Vermont Washington
- ifelsehow 7y ago
  That's 26% of US states, but potentially much more than 26% of the US population (have not computed, but Texas, New York, Florida and, to a lesser extent, Washington all have large populations).
  - moojd 7y ago
    5/10 of the most populous states 2. Texas 4. Florida 5. New York 9. Georgia 10. North Carolina A quick check to https://en.wikipedia.org/wiki/List_of_states_and_territories_of_the_United_States_by_population https://en.wikipedia.org/wiki/List_of_states_and_territories... gave me ~38% of the US population
- spraak 7y ago
  Huh, why is that? I am in one of the affected states
aakilfernandes 7y ago
Verification: https://twitter.com/binance/status/1174301770907996161 https://twitter.com/binance/status/1174301770907996161
AznHisoka 7y ago
what was the reason it shutdown for uS customers in the first place?
- jeffk_teh_haxor 7y ago
  Most--if not all--coins are just scammy as hell, and the US has resources to fight crypto-related crime.
aakilfernandes 7y ago
Their inclusion of BNB seems incredibly risky from a legal PoV
- Osiris 7y ago
  Can you elaborate? I'm not familiar with the legal issues surrounding that coin. Is it because it can be classified as a security?
  - aakilfernandes 7y ago
    Yea, IANAL but my understanding is if BNB is a security, then by allowing trading of BNB, Binance.us is an unlicensed security exchange
EGreg 7y ago
What states can’t yse it?
jeffk_teh_haxor 7y ago
Is this a fiat gateway for USDT? (aka Tether, the "stable coin" which is the subject of NYAG’s lawsuit: https://www.theblockcrypto.com/post/20978/ny-attorney-general-sues-bitfinex-and-tether https://www.theblockcrypto.com/post/20978/ny-attorney-genera...) EDIT: Ahahahaha. Nope. You can buy USDT but you can't cash out. Note that there is a tab for "USDT Markets", and there is no USD entry in that list. Hotel California-coin.

I'm a US customer of Binance for a while now. Is the difference between their regular platform and this that you can now add USD to their platform to trade with?

mhluongo 7y ago
Binance proper has turned off access for US users. You should remove your funds.
- deleted 7y ago
  [deleted]
- withdavidli 7y ago
  Did they not automatically transfer those accounts to this one? Thought they had a .us domain for over a year now.
  - boring_twenties 7y ago
    Nope, it's a completely separate site, you would have to create a new account and move funds over. On the old site, trading and deposits are disabled for US accounts but you can still withdraw.
    - withdavidli 7y ago
      Thanks! Never saw an email about this. Just another reason to have everything in your own wallet.

mythrwy 7y ago

This doesn't even have 10 coins on it! Hopefully they had more pairs soon.

JohnJamesRambo 7y ago
It’s got enough to make a nice index of the market though. The seven coins available equals 235 billion of the 273 billion dollar crypto total market cap (~86%). But yes, greatly reduced offerings compared to Binance.com. I assume they will add coins as they can and they have to avoid any coins that could be securities.

Urgo 7y ago

If you're in one of the following states (26% of the US) you can't use Binance.com or Binance.us sadly: Alabama Alaska Connecticut Florida Georgia Hawaii Idaho Louisiana New York North Carolina Texas Vermont Washington

ifelsehow 7y ago
That's 26% of US states, but potentially much more than 26% of the US population (have not computed, but Texas, New York, Florida and, to a lesser extent, Washington all have large populations).
- moojd 7y ago
  5/10 of the most populous states 2. Texas 4. Florida 5. New York 9. Georgia 10. North Carolina A quick check to https://en.wikipedia.org/wiki/List_of_states_and_territories_of_the_United_States_by_population https://en.wikipedia.org/wiki/List_of_states_and_territories... gave me ~38% of the US population
spraak 7y ago
Huh, why is that? I am in one of the affected states

aakilfernandes 7y ago

Verification: https://twitter.com/binance/status/1174301770907996161 https://twitter.com/binance/status/1174301770907996161

AznHisoka 7y ago

what was the reason it shutdown for uS customers in the first place?

jeffk_teh_haxor 7y ago
Most--if not all--coins are just scammy as hell, and the US has resources to fight crypto-related crime.

aakilfernandes 7y ago

Their inclusion of BNB seems incredibly risky from a legal PoV

Osiris 7y ago
Can you elaborate? I'm not familiar with the legal issues surrounding that coin. Is it because it can be classified as a security?
- aakilfernandes 7y ago
  Yea, IANAL but my understanding is if BNB is a security, then by allowing trading of BNB, Binance.us is an unlicensed security exchange

EGreg 7y ago

What states can’t yse it?

jeffk_teh_haxor 7y ago

Is this a fiat gateway for USDT? (aka Tether, the "stable coin" which is the subject of NYAG’s lawsuit: https://www.theblockcrypto.com/post/20978/ny-attorney-general-sues-bitfinex-and-tether https://www.theblockcrypto.com/post/20978/ny-attorney-genera...) EDIT: Ahahahaha. Nope. You can buy USDT but you can't cash out. Note that there is a tab for "USDT Markets", and there is no USD entry in that list. Hotel California-coin.