Eligible residents of Florida can now register to use the Binance.US digital asset marketplace. Binance.US, the United States branch of major crypto exchange Binance, just announced it would be making its services available to Florida residents.
Is Binance US available in Florida?
We couldn’t be happier to welcome Florida residents to Binance.US! Welcome to America’s home to buy, trade, and earn digital assets including Bitcoin. We deliver the lowest fees to move USD into over 40 different cryptocurrencies instantly.
What states can use Binance us?
Available in 43 U.S. states: Binance.US is available in all but these seven states: Connecticut, Hawaii, Idaho, Louisiana, New York, Texas and Vermont.
Is US Binance legal in US?
Binance.US accounts are NOT available to users residing in the following states: Connecticut. Hawaii.
Can you trade crypto in Florida?
Bitcoin & Cryptocurrency Trading in Florida
House Bill 1379 in Florida defines cryptos and prohibits laundering of virtual currency. Thanks to tough legal requirements, selling Bitcoin in the state requires a Money Services license in addition to the maintenance of an anti-money laundering program.
What is the difference between Binance and Binance us?
Binance.US offers far fewer cryptocurrencies than Binance.
Binance.US offers 52 cryptocurrencies, a paltry offering compared to Binance, which offers 259. … The largest coins are still on Binance.US: Bitcoin, Tether, XRP and so on. The only top 10 coin (by market cap) absent from its line-up is Polkadot.
Is Binance us safe?
Q: Is Binance US safe? As safe as Coinbase. Binance US will hold to all the regulations that fully regulated exchanges must stick to.
Why is Binance banned in the US?
In July 2019, Binance gave its United States users 90 days to prove that they had not violated Binance’s terms of services, and if they could not provide evidence, then Binance barred them from trading and depositing on their exchange.
Does Binance US report to IRS?
Likewise, Coinbase, Kraken, Binance.us, Gemini, Uphold and other US exchanges do report to the IRS. Therefore, if you receive any tax form from an exchange, the IRS already has a copy of it and you should definitely report it to avoid tax notices and penalties.
Why is there no Binance in Texas?
Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms. The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state.
Is Binance closing to US citizens?
Crypto exchange Binance has begun blocking U.S. users from accessing its exchange platform, The Block has learned. … In-line with regulatory requirements, we are unable to provide services to U.S. citizens or residents.”
What can I use instead of Binance?
Top Alternatives to Binance
How do I get my money out of Binance?
How to Withdraw on Binance
- Log in to your Binance account. …
- Click on Withdraw.
- Select the Crypto tab.
- Choose the cryptocurrency you’d like to withdraw.
- If the cryptocurrency is issued on multiple networks, select which one you’d like to make your withdrawal on. …
- Tap on BNB in your Trust Wallet.
- Tap on Receive.
- Copy your BNB address.
Is Coinbase legal in Florida?
For Alaska Residents Only: If your issue is unresolved by Coinbase, Inc.
Coinbase, Inc. is licensed in the following US jurisdictions.
|Florida||Money Transmitters Part II, FT230000152 View Disclosure||Florida Office of Financial Regulation 101 E. Gaines Street Tallahassee, FL 32399|
Is Bitcoin illegal in Florida?
The Florida appellate court’s determination that Bitcoins are “monetary value” and “payment instruments” under Florida law fits within a line of cases finding that Bitcoin qualifies as “money” for the purposes of money laundering and anti-money laundering laws.
Is it illegal to buy Bitcoin with cash?
It’s official… selling your own legally acquired Bitcoin is a crime in the United States! If you sell your Bitcoin or other cryptocurrency without going through a regulated exchange, the US government is coming for you.