It allows the cash method for trading and hence supports anonymous buying of Bitcoins. Binance supports buying Bitcoin with cash which is also called an anonymous buying method . For fiat transactions, you will not have to use a bank account or online wallet. This makes trading easy and fast.
Read moreDoes Binance US report to IRS?
Yes. If you earned at least $600 through staking or Learn and Earn rewards, Binance.US issues 1099-MISCs and reports to the IRS . These kinds of incomes are classified as ordinary income.
Read moreWhat ID can I use in Binance?
Driver’s License / Government-issued photo ID . Passport. Social security number. PAN card.
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