What steps can US users take to continue trading cryptocurrencies after being banned from Binance?

3 answers

• Nov 29, 2021 · 3 years ago
  As a US user, if you've been banned from Binance, there are still several options available to continue trading cryptocurrencies. Firstly, you can explore other reputable cryptocurrency exchanges that allow US users, such as Coinbase, Kraken, or Gemini. These exchanges offer a wide range of cryptocurrencies and have a strong reputation in the industry. Another option is to use decentralized exchanges (DEXs) like Uniswap or SushiSwap, which operate on the blockchain and don't require user registrations. However, keep in mind that DEXs may have lower liquidity and higher fees compared to centralized exchanges. Additionally, you can consider using peer-to-peer trading platforms like LocalBitcoins or Paxful, where you can directly trade cryptocurrencies with other individuals. Lastly, you may also explore trading through derivatives platforms like BitMEX or Bybit, which offer leveraged trading options. Remember to always conduct thorough research and consider the security, fees, and available trading pairs before choosing an alternative platform.
  1058529
• Nov 29, 2021 · 3 years ago
  Don't worry, being banned from Binance doesn't mean the end of your cryptocurrency trading journey as a US user. There are still plenty of options out there for you. One option is to sign up for a US-based cryptocurrency exchange like Coinbase or Kraken. These exchanges are fully compliant with US regulations and offer a wide range of cryptocurrencies for trading. Another option is to use decentralized exchanges (DEXs) like Uniswap or SushiSwap. DEXs allow you to trade cryptocurrencies directly from your wallet without the need for a centralized exchange. However, keep in mind that DEXs may have lower liquidity and higher fees compared to centralized exchanges. You can also explore peer-to-peer trading platforms like LocalBitcoins or Paxful, where you can find individuals willing to buy or sell cryptocurrencies. Lastly, you may consider using derivatives platforms like BitMEX or Bybit, which offer leveraged trading options. Remember to do your own research and choose a platform that suits your needs and preferences.
  1031344
• Nov 29, 2021 · 3 years ago
  At BYDFi, we understand the frustration of being banned from Binance as a US user. However, there are still alternative options available for you to continue trading cryptocurrencies. One option is to explore other reputable cryptocurrency exchanges that accept US users, such as Coinbase, Kraken, or Gemini. These exchanges offer a wide range of cryptocurrencies and provide a user-friendly trading experience. Another option is to use decentralized exchanges (DEXs) like Uniswap or SushiSwap, which allow you to trade directly from your wallet without the need for a centralized exchange. Keep in mind that DEXs may have lower liquidity and higher fees compared to centralized exchanges. Additionally, you can consider using peer-to-peer trading platforms like LocalBitcoins or Paxful, where you can connect with other individuals to buy or sell cryptocurrencies. Remember to always prioritize security and conduct thorough research before choosing an alternative trading platform.
  983246