What to do when in Binance restricted country
Binance is a cryptocurrency exchange that operates in many countries around the world, but it is not available in some countries due to legal and regulatory restrictions. If you are in a restricted country and want to use Binance, many people consider using a VPN (Virtual Private Network) to access the platform. However, it is important to note that using a VPN to access Binance may not be legal in your country and since you can only use Binance with KYC completed, you still would not be able to use Binance.
Additionally, Binance may have restrictions in place to prevent users from accessing their platform using a VPN, as it is against their terms of service to use VPNs or other methods to bypass geolocation restrictions. If Binance detects that you are using a VPN to access their platform, your account may be suspended or terminated.
In summary, while it may be technically possible to use Binance with a VPN from a restricted country, it may not be legal or advisable to do so, and there may be consequences if you are caught. It is recommended that you review the local laws and regulations regarding cryptocurrency trading and consult with legal experts before attempting to use Binance or any other cryptocurrency exchange from a restricted country.
Binance supported countries can be viewed on their site here.
There are several alternatives to Binance that you can consider, depending on your specific needs and preferences. We recommend to use KuCoin, as it does not require KYC to use it. Meaning you could use a VPN and comfortably be able to use a top tier Crypto Exchange.
KuCoin is a popular global cryptocurrency exchange that has been in operation since 2017. It is known for offering a wide range of trading options, including spot trading, margin trading, and futures trading, as well as a diverse selection of cryptocurrencies.
One of the key advantages of KuCoin is that it does not require Know Your Customer (KYC) verification for users to be able to trade on the platform. This means that users can create an account and start trading cryptocurrency without having to provide any personal information, such as their name, address, or identification documents.
The lack of KYC requirements on KuCoin is a major draw for users who prioritize privacy and security. By not requiring KYC, KuCoin allows users to maintain their anonymity and keep their personal information private, which can be particularly important for users who live in countries where cryptocurrency trading is heavily regulated or restricted.
That being said, it is important to note that there are some limitations to using KuCoin without KYC verification. For example, users who have not completed KYC verification may face certain withdrawal limits, and may not be able to access certain features on the platform.
Despite these limitations, KuCoin remains a popular choice for users who want to trade cryptocurrency without having to go through the KYC verification process. With its user-friendly interface, low fees, and extensive range of trading options, KuCoin is a good choice for both novice and experienced traders alike, whether or not they choose to undergo KYC verification.