What are the restrictions and requirements for using Binance in the US for digital currency transactions?

1 answers

• Shivani ChalwadeOct 22, 2021 · 4 years ago
  As an expert in the field, I can tell you that using Binance for digital currency transactions in the US has its own set of restrictions and requirements. One of the main restrictions is that Binance is not available in certain states due to regulatory reasons. However, for users outside of those restricted states, they must be at least 18 years old to create an account on Binance. Additionally, Binance requires users to complete a verification process, which involves providing personal identification documents. This process is in place to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. It's important to note that Binance has a wide range of digital currencies available for trading, but there may be certain limitations on specific tokens. By understanding and following these restrictions and requirements, individuals can safely and legally engage in digital currency transactions on Binance.
  948

  474