Questions tagged [binance]

SakuraPetal Sat Jun 08 2024 | 6 answers 1006

Is it true that Binance is shutting down its operations in Canada? I've heard rumors about this, but I'm not sure if it's confirmed. Could you clarify? I'm quite surprised by this news since Binance is such a large and popular cryptocurrency exchange. What exactly does this mean for Canadian crypto enthusiasts? Will they still be able to trade on Binance? Or will they have to find alternative platforms? Also, do we know the reasons behind this decision? Was it due to regulatory issues or something else? I'm just trying to get a better understanding of the situation. Thank you for your help.

SapphireRider Sat Jun 08 2024 | 5 answers 1123

Could you please elaborate on whether Binance is considered halal in Islam? It seems that Cryptocurrencies are generally acceptable for purchase, sale, or retention as assets. However, with regards to Binance or any other exchange, activities such as margin trading, futures, staking, DeFi staking, earn services, loans, dual investments, and borrowing are all considered Haram. Additionally, Binance specifically, even for normal staking, offers rewards which might raise some concerns. Is it correct to assume that only spot trading on Binance is halal?

CryptoWanderer Sat Jun 08 2024 | 5 answers 1175

Can you clarify for me, please? I've heard a lot about Binance, but I'm not entirely sure if it's legal to use in Germany. Is it permitted for residents of Germany to utilize Binance for cryptocurrency transactions? I've read conflicting information on this topic and would appreciate a straightforward answer. Is it a straightforward "no", or are there certain conditions or restrictions that apply? Thank you for your assistance in clearing this up for me.

Claudio Sat Jun 08 2024 | 5 answers 1303

Could you please elaborate on how to effectively utilize Binance in Mexico? I'm interested in purchasing Binance Coin, and I'm curious about the specific steps involved. Do I simply log in with my email and verify my details? Are there any preferred payment methods available in Mexico, like Credit Cards or Bank Transfers? And how do I ensure that the BNB coins are securely deposited into my wallet? Lastly, how do I input my Binance Coin-supported wallet address? It would be helpful if you could provide a step-by-step guide for this process.

Leonardo Sat Jun 08 2024 | 6 answers 1710

Is Binance illegal in Germany? It's a question that's been causing quite a stir recently. After all, Binance is a major player in the cryptocurrency world. But the answer, it seems, is yes. Binance withdrew its services from Germany in 2023, citing issues with the regulatory environment. This move has left many Germans scratching their heads, wondering if Binance is indeed illegal in their country. But what does this mean for German cryptocurrency enthusiasts? Are there other options available? And how does this affect the wider crypto landscape in Germany? Let's delve into these questions and try to find some answers.