There are four main paths to do this: Buy Cryptocurrency, Markets, Advanced and Over-the-Counter (OTC).įor Buy Cryptocurrency, the design is bright and clear, and you can swiftly select which digital coin you wish to buy and how you’d like to pay. Just as with other popular exchanges, Binance.US makes it easy to buy and sell cryptocurrency. That’s why most experts don’t recommend you invest all, or even much, of your money in them.īut if you’re interested in investing in cryptos, Binance.US’s platform should offer most, if not all, of what you’re looking for. Regardless of what platform you use, though, remember that buying cryptocurrencies in general comes with a big buyer beware: Cryptocurrencies are highly speculative and subject to volatility on the slightest bit of news. That said, Binance.US remains a very competitive platform, thanks to its industry-low fees for spot trading as well as reasonable instant-buy fees for beginners. edition of Binance offers less than half of the number of coins that its parent crypto exchange does in other geographies, and its educational resources are not as impressive. Despite these limitations, Binance.US remains one of the top 10 crypto exchanges in the world, according to crypto industry ranker. It’s important to note that this crypto exchange is not available to residents of Hawaii, Idaho, Louisiana, New York, Texas and Vermont. In the United States, a San Francisco-based subsidiary, Binance.US, is available to many, albeit not all, U.S. Its rock-bottom fees and extensive array of crypto coins make it appealing to traders of all stripes. 2 token ether tumbling as much as 18%.Binance is one of the most widely used crypto exchanges in the world-and for good reason. The CFTC is generally seen as friendlier toward cryptocurrencies, as the SEC has found crypto assets should be seen as securities.Ĭryptocurrencies continued their slide on Monday, with Bitcoin touching an 18-month low and No. Senators last week proposed legislation to have the Commodity Futures Trading Commission (CFTC), not the Securities and Exchange Commission (SEC), play the primary role in regulating crypto. The lawsuit comes after a bipartisan group of U.S. Lockhart is seeking to have himself and other investors who bought Terra on Binance registered as a class. “These assertions are without merit and we will defend ourselves vigorously,” the spokesperson said in a statement, adding that the exchange will delist Terra USD, a decision made before the lawsuit was filed. “From Binance U.S.’s perspective, the less disclosure, the better.”Ī Binance spokesperson said the exchange is registered with FinCEN – a financial industry self-regulation group – and complies with all applicable regulations.
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profits from every trade, and therefore has a stark incentive to sell cryptoassets irrespective of their compliance with the securities laws,” Lockhart wrote in his lawsuit, filed in San Francisco federal court. government as a securities exchange limits disclosure about assets traded on the platform, harming investors.
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Lockhart said Binance’s failure to register with the U.S. In the lawsuit against Binance and Chief Executive Brian Shroder, Utah resident Jeffrey Lockhart said Binance falsely advertised Terra USD as “safe” and backed by fiat currency, when in fact it was an unregistered security. But Terra USD’s value plunged last month, breaking its 1:1 dollar peg and contributing to a tumble in other crypto assets like Bitcoin. dollar, and are popular as safe havens in times of turmoil in crypto markets. Stablecoins are digital tokens pegged to the value of traditional assets, such as the U.S.
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investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin’s collapse in value last month. and its CEO were sued on Monday by a U.S.