Some users will see the message "Binance regrets that we cannot provide services to users in restricted countries/regions, including users with IP addresses in restricted countries" when using Binance. If you encounter this error, it means there is an IP restriction problem with the VPN.
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Simple conclusion:
Binance is one of the most popular cryptocurrency trading platforms, but it is not available in some regions. And since August 2021, users in Hong Kong cannot open derivatives accounts. For example, the US version supports fewer cryptocurrencies than the global version and does not offer margin or futures trading.
But there is a simple solution: you can easily browse the full content on Binance.com from mainland China and Hong Kong with the help of a VPN. A VPN is an application that hides your actual IP address and replaces it with an address from another country. For example, if you connect to a Spanish server, Binance will think your actual address is there and grant full browsing access.
My top recommendation for browsing Binance is ExpressVPN. It has a fast and reliable server network that helps you access the platform from anywhere. In addition, its strong security features help users trade and invest safely. You can test ExpressVPN for Binance with zero risk, as it offers a 30-day money-back guarantee.
Alternatively, you may also consider using some other cryptocurrency exchanges, such as Coinbase, Kraken, Gemini, etc., which may have more support and cooperation in your country.
1. US users can only use Binance US, while users from other countries can use Binance Global;
2. Please do not use a VPN with an IP address from a restricted region such as the United States to access Binance, otherwise you will encounter problems such as restricted jurisdictions. If you encounter restrictions, turn off the VPN or switch to a VPN with an IP address from Taiwan. If there are still problems, uninstall the app and reinstall it.
How to get a Prime Binance account in the US?
There is an easy way to access Binance from the United States - use a VPN. This is a simple application that hides your actual IP address and replaces it with an IP address from another country.
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Some friends who use Apple phones found two apps, Binance and Binance us, in the app store when downloading Binance, and they didn’t know the difference between them.
Non-US users choose Binance instead of Binance US
List of countries where Binance is restricted
According to Binance’s official website, Binance provides services to over 100 countries, including:
Africa: Nigeria, South Africa, etc.
Americas: United States, Canada, Brazil, Mexico, etc.
Asia Pacific: China, Japan, South Korea, Singapore, Australia, etc.
Europe: UK, Germany, France, Netherlands, Sweden, etc.
Middle East: UAE, Saudi Arabia, Turkey, Israel, etc.
You can view a wider list of countries in Binance’s country selector and select your country to go to Binance’s corresponding website.
On the other hand, Binance also has some restricted areas where users may not be able to register or use some or all of Binance’s services. According to Binance’s User Agreement, these areas include:
Iran, North Korea, Cuba, Syria, Sudan, Bangladesh, Bolivia, Ecuador, Kyrgyzstan and other countries/regions sanctioned or banned by the United States
Countries/regions with strict regulations or restrictions on cryptocurrency transactions, such as Mainland China, Singapore, Hong Kong, and Malaysia
Countries with special requirements or licenses for cryptocurrency transactions, such as the United States, Japan, Canada, and the United Kingdom
You can view a more detailed list of restricted regions in the Binance User Agreement and confirm whether you meet Binance's usage conditions.
Here I would like to recommend Binance, a safe international exchange, to everyone. Register to enjoy the fee reduction.
On this basis, an upgraded version of arbitrage came into being, that is, users place trading currencies and pricing currencies on two trading platforms at the same time. When a price difference occurs, they place orders on both exchanges at the same time, buying on the exchange with a lower price and selling on the exchange with a higher price to achieve stable profits. Because it is necessary to hold the currency so that orders can be placed on both sides at the same time to hedge all risks in the arbitrage process, this upgraded strategy is also called spot hedging, which is a currency-based risk-free spot arbitrage strategy.
However, because spot hedging is a currency-based strategy, it requires a currency that is optimistic in the long term to use. For currency-based users, this strategy can fully obtain the benefits brought by the increase in currency prices on the basis of the increasing number of currencies. On the contrary, if the currency price continues to fall, the benefits generated by hedging cannot make up for the losses caused by the fall in currency prices, and floating losses will occur when denominated in legal currency. Therefore, the premise of this strategy is to believe in the selected currency.