"This is part of the recent initiative and efforts in evaluating our product and service offerings to proactively comply with local regulations," the exchange said in an email statement sent to its users.
I was able to do everything a day before n now I can’t do p2p as well and it asks for verification which I had already done but when I go to verification page it says "Assurance Review Failed". Did you get any solution for this. Trying to chat with BINANCE but they say our services are not available for your account due to security reasons or country restrictions. What the hell is this.
To be classified as Level 2, you need to enable either two-factor authentication or Google Authenticator. There’s a short list of FAQs that failed to answer a lot of the questions I had as I was using the platform. Right now, only Chinese numbers are supported for two-factor authentication. The customer support area on the Binance exchange site is lacking in comparison to other exchanges.
Under the amendment, cryptocurrency exchanges must register with the Korea Financial Intelligence Unit, a unit under the FSC set up to prevent money laundering and terrorist financing. To register, the exchange needs to obtain a certification by the Korea Internet & Security Agency ensuring it has achieved a certain level of information security.
In November 2021, there was so much media hype about Bitcoin when it hit the all-time high price of $68,000. Such news would cause anyone to want to know more or start investing in Bitcoin. Recently, news about the plummeting price of Bitcoin has been everywhere.
Bitcoin, being one of the fastest growing digital currencies and assets, has suffered from these factors. Until the macroeconomic factors change, the price of the crypto will likely remain around the same level that it is now. Currently, it stands at around $22,000. Between June and July, the price fluctuated between $19,600 and $23,300.
You can buy NFTs from other creators and list your NFTs to earn additional revenue. If you like flipping NFTs with an aim of profiting from them, the Binance NFT platform will help you stay in the game.
It moved to Malta for a while, but now has no identifiable headquarters, being incorporated in the Cayman Islands and managed from various offices globally. Binance was founded in Shanghai and cryptocurrency moved to Japan when regulations became too difficult in the home market.
Here’s a quick comparison of the top 10 exchanges to give you a better idea of where Binance stands: And bitcoin if this isn’t enough to convince you, let me tell you that Binance is the #1 cryptocurrency exchange according to CoinMarketCap.
The answer, for Deane at least, is that Bitcoin clearly has intrinsic value. He added that, "there can only be subjective debate over what that level of intrinsic value is, should we even consider that important enough to do so." At least, in the same way that equities, bonds, and other financial instruments do.
The US dollar, the pound sterling, or the euro, are all as valuable as our confidence in them. Yet, without an intrinsic value sitting behind these currencies, bitcoin the only real source of value they derive comes from consumer confidence.
Can you imagine an asset having such price volatility? But, shortly after, news about the significant price drop of the most popular crypto this year emerged and again caused another furor. And this marks a significant price drop of about 70%. For the past several months, the price of Bitcoin has not moved far from $20,000.
25 after a six-month grace period. The Financial Services Commission (FSC) said last month that foreign exchanges are also subject to the amendment to the Act on Reporting and Using Specified Financial Transaction Information. The amendment, which went into effect on March 25, will be implemented from Sept.
But in this review, I will only discuss the features that you’ll probably use the most. Binance serves both retail and institutional clients globally. Hence, it has a wide range of products and services.
In addition to all these reasons, I chose Binance because it offers a ton of passive income opportunities on coins that I HODL anyway. It allows me to earn interest from flexible and fixed savings account, staking, liquidity swap, lending, yield farming, and several other options. The BNB
coin can be used to get discounts on trading fees or save money when using the exchange. As well as being secure and easy to use, Binance also has its own coin called BNB.
Alternatively, use Binance Pay to send and receive cryptocurrencies at zero fees, without any geographical restrictions. Use Binance Visa Card to seamlessly pay with crypto for goods and BNB services across 53 million Visa merchant stores worldwide.
In all honestly, I need to tell you that Binance has been facing problems with regulatory guidelines in certain jurisdictions. While Binance is working hard to meet all compliance guidelines, I suggest that you DYOR crypto before signing up. For instance, it has been asked to stop offering certain services in the US, the UK, Singapore, and some other countries.