United States However, it is banned in seven states. In May 2021, Bloomberg News reported that Binance was under investigation by the United States Department of Justice and Internal Revenue Service for money-laundering and tax evasion .
Read moreCan I still use Binance in the US?
Users in over 180 countries can trade on Binance, but only 43 states can use Binance.US, excluding Connecticut, Hawaii, New York, Texas, Vermont, Idaho, and Louisiana .
Read moreDo you own Bitcoin with Binance?
You can directly purchase Bitcoin with credit card or debit card on Binance . We offer the best route to buy Bitcoin using Visa or MasterCard. You can purchase it directly from another individual in person or over the web on your own terms. Go to Binance P2P exchange to buy Bitcoin locally.
Read moreDo I own my keys on Binance?
Binance does not issue you with a private key as your funds are on the exchange, not in your own personal wallet.
Read moreIs Binance a crypto wallet?
Binance is an online exchange where users can trade cryptocurrencies. It supports most commonly traded cryptocurrencies. Binance provides a crypto wallet for traders to store their electronic funds . The exchange also has supporting services for users to earn interest or transact using cryptocurrencies.
Read moreIs Binance trading safe?
Binance has been mostly safe for people’s information and funds , and the fact that they covered the losses themselves says a lot about them. On top of that, according to Zhao, the transaction was only around 2% of the total Bitcoin holdings of Binance. They ordered a “thorough security review” as well.
Read moreIs my crypto safe on Binance us?
Digital wallet options and security There have been no reported breaches at Binance.US , but the global Binance site reported in 2019 that hackers stole 7,000 bitcoins worth $40 million at the time. The company said it paid the losses in full to affected users.
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