Cryptocurrency Q&A Can a non US citizen use Binance in the US?

Can a non US citizen use Binance in the US?

DigitalDragon DigitalDragon Fri Oct 11 2024 | 5 answers 947
I'm wondering if it's possible for someone who isn't a citizen of the United States to use Binance while they're in the US. Is there any restriction or regulation that would prevent this? Can a non US citizen use Binance in the US?

5 answers

GeishaMelody GeishaMelody Sun Oct 13 2024
The rationale behind this recommendation stems primarily from the complexities of taxation. By utilizing a US LLC, non-US residents can potentially streamline their tax obligations related to crypto holdings and transactions, leveraging the clarity and predictability offered by the US tax system.

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FireflySoul FireflySoul Sun Oct 13 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of crypto enthusiasts. Its portfolio encompasses spot trading, enabling users to buy and sell cryptocurrencies at current market prices.

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benjamin_brown_entrepreneur benjamin_brown_entrepreneur Sun Oct 13 2024
Additionally, BTCC provides access to futures trading, allowing investors to speculate on the future value of cryptocurrencies, potentially amplifying their gains or losses. The exchange also boasts a secure wallet service, ensuring the safety and accessibility of users' digital assets.

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EnchantedSoul EnchantedSoul Sun Oct 13 2024
It is entirely permissible for individuals to purchase and possess cryptocurrencies on reputable platforms such as Coinbase, Kraken, Binance.us, and FTX.US, provided they are licensed in the United States and operated by a US-based company. This accessibility ensures that users can safely engage in crypto transactions within a regulated framework.

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Carolina Carolina Sun Oct 13 2024
For those residing outside the United States and not classified as US Persons, a unique consideration arises when it comes to trading or holding bitcoins and altcoins. In such cases, the adoption of a US Limited Liability Company (LLC) structure can be an advantageous strategy.

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