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Binance.US vs. Binance Fees: Understanding the Cost Implications
Binance Markets Limited, a U.K. subsidiary of Binance.com, was banned from offering regulated services to customers in Britain by the Financial Conduct Authority (FCA), the country's regulatory agency, in June 2021. The agency's notice prevents the subsidiary from offering trading services in crypto assets and derivatives to customers in Britain. However, the company's social media team clarified that the ban did not affect service offerings, such as trading, by Binance.com to users in the U.K. Binance dogecoin usd Users have until June 13 to withdraw any U.S. dollars from the platform, and after June 15, any dollars remaining on the platform may be converted to stablecoins, Binance.US said in a tweet. “Until we secure more stable banking partners, Binance.US will remain a crypto-only exchange—at least for a time.”
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@carlosvalenciafx1_ Entertainment Binance. "Binance Terms of Use."
US dollar shortage drives down bitcoin, ether prices on Binance.US
The U.S. arm of the top cryptocurrency exchange by volume, Binance.US was announced earlier this year following the regulatory ban of U.S. customers in June. Customer onboarding began in September with six initial coin listings, including bitcoin, ethereum, XRP, bitcoin cash, litecoin, and tether. Dogecoin to USD Chart According to its website: "Binance is a safe and secure platform to buy and sell cryptocurrencies quickly" using its "streamlined buy/sell process."
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Investing in cryptocurrency exchanges, including Binance, carries inherent risks. The recent guilty plea and leadership changes at Binance highlight the importance of regulatory compliance in the industry. While Binance is taking steps towards strengthening its security, transparency, and compliance, investors should conduct thorough research and consider the evolving regulatory landscape when making investment decisions. Convert Binance USD to Dogecoin Users can already deposit DOGE in preparation for trading, the exchange said.