Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

Binance is a global cryptocurrency exchange servicing a user base of 190 million spanning across 100 nations. Unfortunately, it limits its services in regions like the United States, mainland China, and Singapore due to financial barriers and international sanctions.

Initially founded in China, Binance moved its operations to Malta, considering its more receptive cryptocurrency regulatory environment. Its expansion into currently off-limit jurisdictions, such as the U.S., hinges on its ability to meet and adhere to local regulatory standards.

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating

Binance Available Countries

Binance is the world's largest cryptocurrency exchange and operates in a diverse range of countries across the globe. However, due to regulatory differences, the extent of Binance's services may vary from one country to another. For example, countries like the United States have a dedicated platform, Binance.US, tailored to comply with local regulations. Some countries also have access to additional features like derivatives trading and crypto staking, whereas other jurisdictions cannot access these services. 

Refer to the below for a list of Binance’s supported countries that have full access to all services on the platform:

  1. Africa - Nigeria & South Africa.
  2. Americas - Canada, Argentina, Brazil, Chile, Colombia, Mexico & Peru.
  3. Asia & Pacific - Afghanistan, Australia, Bangladesh, Cambodia, India, Indonesia, Japan, Kazakhstan, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Taiwan & Vietnam.
  4. Europe - Bulgaria, Czech Republic, France, Greece, Hungary, Italy, Latvia, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Switzerland, Turkey & Ukraine.
  5. Middle East - Egypt, Israel, Saudi Arabia & United Arab Emirates.

Binance Restricted Countries

As per the terms and conditions of Binance, the “Restricted Locations” include the United States, Malaysia, Canada, and other locations designated by Binance Operators. Aside from that, there is no specification on what other jurisdictions are considered restricted countries. In saying that, it’s safe to assume that if your region is not in the supported countries list, it’s unlikely that Binance is available in your jurisdiction.

Does Binance Require KYC?

Yes, Binance integrates Know Your Customer (KYC) protocols to ensure the safety of its users' transactions. This essential process involves collecting and verifying personal identification data from users to prevent fraudulent activities such as money laundering.

Before a user can fully utilize the services offered by Binance, they must undergo this verification process, which may require submitting documents like a government-issued ID, passport, or utility bills for address verification. While the initial account setup on Binance might be swift, enabling full account functionalities necessitates completing the KYC process.

Where is Binance Located?

Binance operates from multiple locations to provide services to its global user base. Despite its origins in China, Binance moved its servers and headquarters out of the country to Tokyo in response to stricter cryptocurrency regulations in 2017. Since then, the company has yet to officially disclose a specific headquarters location, reflecting its decentralized nature and global reach. 

However, Binance has notable operational presence in several countries, such as Malta, Singapore, and the Cayman Islands, to name a few. This geographical distribution enables Binance to provide services across numerous jurisdictions, aligning with its mission to increase the freedom of money globally.

Closing Thoughts

Binance operates in over 100 jurisdictions, with some countries having more restrictions than others. In some locations like Australia, users do not have access to AUD deposits or derivatives trading, but in places such as France, investors can deposit Euros and trade futures. Referring to the Binances Country Selector is the best way to see if the exchange is available in your area.

Author

Richard Zhang, the founder of StacksOnChain, comes with a rich history in finance and a background as a High-Frequency Trading engineer and computer science scholar. With over a decade in the industry, he fervently advocates decentralized financial systems, imparting his extensive knowledge to a global readership.

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