Post
Topic
Board Bitcoin Discussion
Re: Should We Avoid US Based Exchanges Now?
by
Lorokan
on 21/12/2020, 22:00:25 UTC
In terms of centralized exchanges do you think it would be better to use ones not based in the US now?
I'm thinking of avoiding Kraken and Coinbase completely now and just using ones not based in US such as Binance, Kucoin, Huobi.
Btw I'm not personally a US citizen and the KYC rules and regulation on transactions the US government doing seem like a huge hassle now, so would be good to avoid that.

You should join, use or make use of centralized exchanges that does not have any restricting order in your country or place or residence. As a trader or investor not based in the usa, you should worry less about usa laws. Focus and learn, firstly learn that centralized exchange are not the best storage system. Also remember that you have to avoid phish link, set up 2fa, protect your email and funds. And finally you need to stay informed.