Binance is an exchange platform that facilitates the handling of cryptocurrencies. It was developed by Changpeng Zhao and currently stands as the world’s largest cryptocurrency exchange by trading volume. In the year 2019, Binance blocked its services from being accessed within the United States. There is a workaround to this though.
You may still use a virtual private network to bypass those restrictions and access the services much the same way you would without those restrictions in the first place. Our article entitled, how to use Binance.com in New York with a VPN endeavor to provide in-depth guidance to that effect.
How to Use Binance in New York Summary
- Get a VPN (Surfshark is Recommended)
- Connect to a VPN Server outside New York, eg: Germany or Canada
- Register a Binance.com account
- Deposit Bitcoin into your Binance account
- Trade on Binance
- Get a multi-cryptocurrency wallet (Trustwallet, Ledger Nano X, Trezor one)
- Withdraw your cryptocurrency
How to Use Binance in New York with a VPN
By following the steps outlined and explained below to the latter, you will certainly be capable of achieving this end:
Step 1 – Obtain a relevant VPN
Start by obtaining a relevant VPN for the job. These are the resources that will help you to bypass the geo-restrictions and allow you to access the products that Binance.com has to offer. Common examples of these are Surfshark VPN.
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Step 2 – Connect to a VPN server location outside United States
Upon acquiring the VPN, go ahead now and set a fictitious location. As things stand, this service is inaccessible in the United States. Therefore, you should set any other location apart from it. Perhaps as a plausible way forward, you may want to set a location within Canada, Netherlands and Spain.
Step 3 – Create a Binance.com account
After setting your location, you should now create a Binance.com account. This is what will give you the privilege of accessing the services and the benefits that the platform largely has to provide. Do this when the VPN is turned on. Working offline will reveal you’re true identity.
Step 4 – Deposit cryptocurrencies in your Binance account
It is now time for you to deposit the cryptocurrencies in your Binance.com account. This platform largely accepts Bitcoins though there are plans to incorporate many other forms of cryptocurrencies as well. To make this deposit, follow the steps outlined below:
- Open your Binance.com account
- Access and click the deposit tab
- Specify the amount of cryptocurrency you would wish to deposit
- Click OK to execute the command
- Close your account or proceed to another transaction
Step 5 – Trade on your Binance account
Other than making deposits and withdrawals, Binance also gives you the chance to trade on its platforms. This simply entails you purchasing shares, securities, and other vital instruments via its platforms. It is up to you to decide and subsequently make appropriate arrangements for accessing these instruments.
Step 6 – Obtain a multiple supported cryptocurrency wallet
Just so you may make your time a little bit more effective on this platform, you may also wish to obtain and make use of multiple supported cryptocurrency wallets.
These are cross-platform wallets that facilitate the transfer and access of cryptocurrencies across numerous platforms besides Binance.com. They include Ledger Nano X, Trezor One, and Trust Wallet, among others.
Step 7 – Withdraw your cryptocurrency
To withdraw your cryptocurrency on Binance you would have to convert your altcoins to Bitcoin and send it to your Coinbase account, once your Bitcoin payment is sent to your Coinbase account you can convert it to fiat currency (USD) and the payment would be sent to your bank account.
There you have the explanations. We now trust that you have the preparedness you need to use the Binance.com platform in New York, and just about anywhere else in the United States, via a VPN. Go ahead now and make appropriate arrangements to leverage the power of this platform.
Chances are that you are not the only one who requires this information as we speak. Help others around you to make the most of the information as well. Do this by sharing this article with them. Do not drag your feet also in implementing the insights you have received here. Best of luck as you take the first step!