Post
Topic
Board Trading Discussion
Re: Are USA traders saying sayonara to Binance? (The Exodus Is Here?)
by
tikoy0823
on 30/08/2019, 08:15:16 UTC
More and more I'm starting to get nervous about Binance.  CoinDesk announced very interesting news regarding the hacking of the exchange in May.  It turned out that the Binance administration was negotiating with a mysterious hacker who found out who had stolen the funds and 60,000 KYC files, and at the same time said that he knew exactly which administration helped to hack the exchange.  Let's see how it all ends.
agree..the news were really scary nowadays since we are investing our own money..what happened is really a shocking incidence for us who used binance as our main crypto trading platform..and yet i am a Non-US BitMEX trader here.
A few leverage trading sites that I know are not actively banning US IPs RIGHT NOW & SO FAR requires no KYC:
BaseFEX
Quedex
KuMEX
The issue with Binance isn't US authority requiring KYC. It is some more complicated legislation which essentially requires all American leverage traders to only trade on US-based, regulated, taxable exchanges. But they don’t have eyes on every exchange out there.