Check out Binance.US right away! Get back to investing in crypto besides just Bitcoin!!
I have been a Binance member for about 4 years. In the past year, there was a “disturbance in the force” for anyone that lives in the United States. This, unfortunately, turned out to be a huge problem. The problem; the regular Binance website and app is no longer usable for U.S. citizens; at least those that live in the U.S. Whether it is due to the American government cracking down on crypto exchanges, outside of the U.S., used by its own citizens, or Binance not wanting to deal with all the legal implications that were being thrown their way, I do not know. I would say it is most likely a combination of both.
This left me very frustrated, as Binance has so many options, including DeFi options, long and short options on Bitcoin and a variety of other currencies, and many more things that would take way too long to discuss.
Coinbase is the largest cryptocurrency exchange in the world, and it happens to be in America. For some reason, I have always encounter problems with Coinbase, going back 5 years ago when they secretly passed on all users information to the IRS. But as of the past two years, I maintain a Coinbase account, verified, but they will not let me purchase anything even though I have gone through all verification and my purchase limits are very high. They have no answer as to why they won’t let me purchase anything, despite being a verified member with nothing against my account. Plus, Coinbase has been shady from the first times I used them to this very day…so even if I was allowed to purchase through their exchange, I would no longer do so.
Thankfully, Binance did not give up on its U.S. members. Albeit, the version for the U.S., Binance.us, is a far cry from the main Binance exchange…but it does do everything it has been granted authority to do for its members.
So for the time being, as governments across the world(and their bosses, the central banks) keep fighting the use of cryptocurrency, we are left with high public officials of the U.S. and U.K. giving major media tons and tons of disinformation and straight out lies about Bitcoin and cryptocurrency. As most crypto users know, this is due to crypto’s challenging of the central banking system that rules the world, and has, since at least the 18th century.
To wrap this up, for the moment, anyone in the U.S. that invests or wants to invest in crypto-currencies besides just Bitcoin, I would highly suggest using Binance.us for your number one exchange. It is very simple to get verified, you can use any debit card or bank account for purchasing options, and there is a decent list of top crypto-currencies that is small enough for a beginner to wisely invest in other currencies besides Bitcoin. As opposed to even the regular Binance, the options available weed out the hundreds of new crypto’s that could and do easily bankrupt many people’s investments. I have come to find that this is actually a huge advantage for any level of crypto enthusiast. I hope that anyone reading this gains something from it, and I hope you give Binance.us a try! I’ll leave some images of some of the crypto-currencies available below! Have a wonderful weekend, L3.