What are the restrictions on using Binance in New York?

3 answers

• Nov 28, 2021 · 3 years ago
  As of now, residents of New York are unable to use Binance due to regulatory restrictions. The New York State Department of Financial Services (NYDFS) has not granted Binance a BitLicense, which is required for cryptocurrency businesses to operate in the state. Therefore, if you are a resident of New York, you will need to find an alternative cryptocurrency exchange to trade on.
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• Nov 28, 2021 · 3 years ago
  Unfortunately, Binance is not available for residents of New York. The state's strict regulatory framework, including the requirement for a BitLicense, has made it difficult for Binance to operate in New York. However, there are other reputable cryptocurrency exchanges that are available to residents of New York, such as Coinbase or Kraken. These exchanges have obtained the necessary licenses to operate in the state and provide a wide range of cryptocurrency trading options.
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• Nov 28, 2021 · 3 years ago
  While Binance is not currently available for residents of New York, there are other options for cryptocurrency trading. One such option is BYDFi, a popular cryptocurrency exchange that offers a wide range of trading pairs and advanced features. BYDFi is known for its user-friendly interface and strong security measures. If you are a resident of New York and looking for an alternative to Binance, BYDFi could be a good choice for you. However, it's important to do your own research and ensure that BYDFi meets your specific trading needs and requirements.
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