How can US investors continue to trade cryptocurrencies after the Binance ban?

3 answers

• Mar 06, 2022 · 3 years ago
  US investors can explore other popular cryptocurrency exchanges such as Coinbase, Kraken, and Gemini. These exchanges have a wide variety of cryptocurrencies available for trading and are compliant with US regulations. Additionally, US investors can consider decentralized exchanges (DEXs) that do not require KYC verification, although they may have less liquidity and a smaller selection of cryptocurrencies. It's important for US investors to do their own research and choose a reputable exchange that meets their specific needs and preferences.
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• Mar 06, 2022 · 3 years ago
  After the Binance ban, US investors can still trade cryptocurrencies through peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, allowing users to trade cryptocurrencies without the need for a centralized exchange. Examples of P2P trading platforms include LocalBitcoins, Paxful, and Bisq. However, it's crucial for US investors to exercise caution and verify the reputation and trustworthiness of the counterparty before engaging in any P2P transactions.
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• Mar 06, 2022 · 3 years ago
  BYDFi, a decentralized finance (DeFi) platform, offers US investors an alternative way to trade cryptocurrencies after the Binance ban. BYDFi allows users to trade cryptocurrencies directly from their wallets without the need for a centralized exchange. This decentralized approach provides users with more control over their funds and eliminates the need to trust a third party. However, it's important for US investors to understand the risks associated with DeFi platforms and to conduct thorough research before participating in any DeFi activities.
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