How to Use Binance in the US – An Easy Step By Step Guide

In this article, we will be looking at how to use binance in the US.

We will also look at the best VPN binance in the U.S. and other necessary information related to this subject matter.

Binance US vs. Binance

In 2017, Changpeng Zhao (also known as C.Z.) founded Binance. Zhao’s background includes developing high-frequency trading software and working as an executive at another cryptocurrency exchange, OKCoin.

how to use binance in the us
Photocredit: www.binance.us

Since its fountain, Binance has quickly become the largest cryptocurrency exchange globally.

Binance is known for its low fees and large amounts of liquidity.  The exchange always offers more than 500 cryptocurrencies and over 1,200 trading pairs. It usually makes it an attractive place to trade, as crypto investors can have their pick of almost any digital asset they wish to change.

Binance.US was launched in September 2019 to serve customers from the U.S.A.  Although the exchange got off to a reasonably slow start, Binance.US has grown into one of the most significant cryptocurrency tradings in the United States.  April was a milestone month as Binance.US announced that its total trading volume surpassed $28 billion.

The good news for U.S. customers is that Binance.US does offer the same low trading fees that its parent company, Binance, does.  The only slight difference is that the U.S. exchange offers 10 V.I.P. levels, whereas the international platform only has 9 V.I.P. levels.

How to Use Binance in the US With VPN

The following are how to use Binance in the US with VPN:

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Find a VPN provider you like.

The first step you need is a VPN that hides your I.P. address by redirecting the network through a specially configured remote server run by a VPN host. It means that if you surf online with a VPN, the VPN server becomes the source of your data, wherever it may be in the world. Therefore, if the VPN is in Europe, the exchange will experience you sitting in this country, even when you sit in the U.S.

Create a Binance.com account

Activate whichever VPN you have chosen or already were using, and create an account on Binance.com.

Fund your Binance account.

You will not purchase crypto directly with a credit card on Binance.com because you cannot (and don’t want to) get verified as a U.S. citizen. However, you can transfer crypto from other exchanges or your wallet to Binance and then go ahead to learn how to use binance in the US.

The solution is therefore straightforward:

Create an account on FTX.US accessible in the U.S., has cheap withdrawal rates, and has a fast verification system (or another exchange if you prefer that).

Verify your account according to F.T.X. guidelines.

Buy crypto using your credit card.

Transfer crypto from your F.T.X. wallet to your Binance wallet.

Start trading

You are now fit to start trading and investing in cryptocurrencies on Binance.com from the U.S. I suggest you consider transferring the crypto you buy as long-term investments onto your wallets where no one but yourself can touch them.

Best VPN for Binance in the US

NordVPN is known for having a user-friendly interface and services. It offers a 30-day money-back guarantee, and it has high levels of advanced security. Aside from that, it can provide you with a complete internet freedom experience that you would genuinely appreciate and enjoy.

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It allows its users to connect six devices simultaneously. It also is available and compatible with more than eight different browser extensions and systems.

CyberGhost offers a 45-day money-back guarantee and allows users to download torrents. This VPN service provider is very reliable and competent, and it ensures its users an excellent VPN experience through its unique features.

It allows its users to connect up to 7 devices simultaneously and is compatible with numerous systems and devices. Moreover, this VPN service provider has about 4500 servers in approximately 55 countries worldwide.

ExpressVPN is one of the most popular VPN service providers. It is known to be one of the best services in the VPN industry, making it perfect for users of Binance. It comes with a lot of servers in about 94 countries worldwide. It also has a strict no-logs policy and comes with dedicated apps on numerous systems, platforms, and devices.

How to Buy On Binance.US App

  • Go to the Buy Crypto Page.
  • Click on the 0 and type the amount you wish to purchase in USD.
  • Select the coin you wish to purchase.
  • Select your Payment Method for this transaction.
  • Click on the “One-Time Purchase” box.
  • Click the “Buy” button to go to the Transaction Confirmation page.

These are simple steps that will guide users on how to use binance in the US.

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How to Trade Coins On Binance US

Get a VPN. ExpressVPN is preferable because its many servers outside the U.S. and connect to a European server.

  • Create an account.
  • Activate 2-factor authentication.
  • Sign up for a secondary wallet.
  • Start trading on Binance from the U.S.!
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How to Swap Coins On Binance US App

In this step, the user will understand all about how to use Binance US On the Binance application. Go to Trades (the centre option on the bottom part of your screen), then select to Convert at the top left of your screen for the default version of the app or on the pop-up that shows up for Binance Lite. Select the token you have and want to buy.

Is It Illegal to Use Binance in the US?

Binance was banned in 2019 in the United States on managing grounds. In response, Binance and other investors launched Binance.US, a separate exchange entered with the United States Financial Crimes Enforcement Network and designed to comply with all applicable U.S. laws. The U.S. variant has appreciated offering a similar interface and feature set to its worldwide counterpart. However, it is closed in seven states. In May 2021, Bloomberg News stated that Binance was under investigation by the United States Department of Justice and the Internal Revenue Service for money laundering and tax evasion.

FINAL THOUGHTS

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