Binance Supported Countries | All Eligible Countries Revealed
Mike Harry
Feb 2024
5 min read
Fact checked
Introduction: Binance is one of the largest cryptocurrency exchanges in the world, offering a wide range of trading pairs and services. However, not all countries are supported by Binance due to regulatory and legal constraints. In this article, we will outline the countries that are supported and prohibited by Binance.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Binance Supported Countries
Binance is available in over 180 countries worldwide making it one of the most widely accessible exchanges out there.
Binance exchange
Some of the countries that Binance supports include the United States (via Binance US) and 19 countries in Europe including France, Italy, Poland, Turkey and Spain.
Binance supported countries Europe
Binance is also available in South American countries such as Brazil, Chile, Colombia and Mexico. In terms of users, Binance has a staggering 150 million registered users making it one of the largest exchanges in the world.
The reason behind Binance's meteoric rise is a combination of wide range of cryptocurrencies, excellent products and services and of course low trading fees.
Binance Banned Countries
Binance is a cryptocurrency exchange platform that is available to users from most countries around the world. However, there are some countries that are either banned or restricted from using Binance.
The banned countries include OFAC countries such as North Korea and Iran, while countries that are restricted from using Binance include the United States, the UK, China, Canada, and Japan, among others.
Binance exchange
Users from these countries may still be able to access Binance through the use of a VPN or other means, but they may face legal ramifications if caught doing so.
Therefore, it is important for users to check their local laws and regulations before attempting to use Binance or any other cryptocurrency exchange platform.
Binance Restricted Countries
As Binance is restricted in the United States, the exchange has developed a native exchange called Binance US. So while Americans are not allowed to use regular Binance, they are able to use Binance US.
Additional countries that are restricted from using Binance's services including countries like Canada and the United Kingdom among others. Below we have outlined the list of all the countries that are currently not able to access Binance:
The United States The United Kingdom Canada China Japan
Binance Restricted Jurisdictions
In terms of restricted jurisdictions, Binance has officially ceased trading futures and derivatives products in Europe, starting with Germany, Italy, and the Netherlands.
Furthermore, Binance has clarified that it doesn't actively promote Futures and Derivatives Products within the region and plans to further reduce access to these products in Europe.
Binance also highlighted the significance of the European market and expressed its support for the region's efforts to standardize crypto regulations.
Is Binance available in the US?
While Binance is available to users in numerous countries, it is currently not available to users in the United States. However, users in the US, for example, have access to Binance.US, which is a separate entity from Binance.
Binance.US is registered with the Financial Crimes Enforcement Network (FinCEN) as a money services business and is compliant with US laws and regulations.
For Americans that wish to use a safe and FinCEN regulated exchange to invest in 1,000s of digital assets, we recommend eToro and Uphold.
These are beginner friendly platforms that allow Americans to quickly and safely deposit USD for free from bank like Chase, Citibank, Capital Bank, Wise, Affirm, Chime and others.
Binance Available Countries
Binance is allowed in most countries around the world which includes countries such as:
Aruba, Austria, Belgium, Bulgaria, Croatia, Curaçao, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, UK, and Ukraine.
Binance Legal Countries
Binance is a cryptocurrency exchange that is licensed and regulated in multiple countries around the world.
As a global platform, Binance operates within the regulatory framework of each country it serves. Some of the countries where Binance is licensed and regulated include Malta, Singapore, Japan, and the Seychelles.
Binance has also obtained a number of licenses in various European jurisdictions, including:
France: Binance is registered with the Autorité des Marchés Financiers (AMF) as a Digital Asset Service Provider (DASP). Italy: Binance is registered with the Organismo degli Agenti e dei Mediatori (OAM) as a Virtual Asset Service Provider (VASP). Spain: Binance is registered with the Bank of Spain as a Virtual Currency Exchange (VCE). Cyprus: Binance is registered with the Cyprus Securities and Exchange Commission (CySEC) as a Digital Asset Service Provider (DASP). Lithuania: Binance is registered with the Bank of Lithuania as a Virtual Currency Exchange (VCE). Poland: Binance is registered with the Polish Financial Supervision Authority (KNF) as a Virtual Currency Exchange (VCE).
In each of these jurisdictions, Binance has obtained the necessary licenses and approvals to operate as a cryptocurrency exchange, ensuring compliance with local laws and regulations.
Can I use Binance in the United Kingdom?
Binance has faced regulatory challenges in the UK which lead the exchange to cease its operations in the country.
The UK-based arm of the company, Binance Markets Limited, has formally withdrawn its registration with the Financial Conduct Authority (FCA).
As a consequence, Binance has halted both deposits and withdrawals for its UK customers.
For UK citizens, we recommend signing up to Uphold as its regulated by FCA in the United Kingdom and is safe to use and beginner friendly!
Can I use Binance in Canada?
In May 2023, Binance announced that it would be withdrawing from Canada altogether, citing new guidance issued by Canadian regulators.
For Canadian residents, we recommend signing up to Uphold as that is regulated by FINTRAC in Canada and offers a wide range of over 300 cryptocurrencies.
Is Binance legit?
Binance is a legit exchange that has been operating without any hiccups for over 6 years and has grown to become the most popular exchange in the world.
For those interested to better understand how Binance stacks up against the competition, we recommend the following exchange comparisons:
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
