In 2019, Binance was banned in the United States on regulatory grounds and is no longer accessible for U.S. citizens. In response, Binance partnered with a U.S. branch called Binance.US, which the company says is a separate exchange. Binance.US is legal, but it is not available in all U.S. states .28 Şub 2022
Read moreDo you have to pay taxes on Binance US?
Exchanges are when you trade crypto for crypto, buy crypto with fiat or sell crypto for fiat. Trading crypto is taxed depending on your location, while buying crypto is never taxed and selling crypto is always taxed .
Read moreCan you use Binance anonymously?
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.
Read moreDo you need to verify identity on Binance?
Binance requires all users to complete Identity Verification to increase their account security and to comply with countries’ regulations . Therefore, you might be asked to re-verify your Binance account from time to time.
Read moreWhy does Binance need a bank statement?
You have to be over 18 years old minimum to trade on a crypto exchange and must have a bank account in your own name. This is due to money laundering laws. So use a bank statement as proof of address .
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