-
bitcoin $64426.275079 USD
-3.96% - ethereum
$1793.025282 USD
-5.24% - tether
$0.999493 USD
0.05% - bnb
$590.176397 USD
-4.18% - usd-coin
$0.999903 USD
0.01% - xrp
$0.956416 USD
-2.81% - solana
$70.390953 USD
-6.30% - tron
$0.307252 USD
-1.68% - hyperliquid
$65.400630 USD
-5.44% - zcash
$897.603019 USD
-0.85% - monero
$489.783944 USD
-7.62% - dogecoin
$0.057896 USD
-7.24% - unus-sed-leo
$9.119479 USD
-1.58% - chainlink
$9.104602 USD
-4.60% - cardano
$0.150431 USD
-7.46%
can binance be used in singapore
Singapore residents cannot open new accounts or trade on Binance.com due to regulatory restrictions, but can access Binance Singapore after KYC verification.
Nov 11, 2024 at 10:41 am
- Binance has been operating in Singapore without a license since 2019.
- The Monetary Authority of Singapore (MAS) announced in September 2021 that Binance is not licensed to provide capital markets and payment services in Singapore.
- Singapore residents cannot open new accounts on Binance.com.
- Existing Binance users who are Singapore residents can withdraw funds but cannot trade or deposit.
- Binance launched Binance Singapore in 2021 as a licensed entity.
- Binance Singapore is only available to Singapore residents and requires users to undergo Know Your Customer (KYC) verification.
- Binance Singapore offers a limited range of cryptocurrencies compared to the Binance.com platform.
Singapore residents can trade cryptocurrencies on alternative platforms that are licensed or regulated in Singapore, such as:
- Coinbase
- Crypto.com
- Gemini
- DBS Digital Exchange
- Using Binance.com in Singapore may violate regulations.
- The MAS has issued warnings and taken enforcement actions againstBinance.
Binance cannot be used in Singapore for trading or depositing due to regulatory restrictions. Singapore residents should only trade cryptocurrencies on licensed or regulated platforms to ensure compliance and protection. Binance Singapore offers a limited option for Singapore users, but it requires KYC verification and has a smaller range of assets available for trading.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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