does binance work in hong kong

does binance work in hong kong?

In August, Binance which has operations across the world but no centrally-located headquarters halted trading of derivatives in Hong Kong citing its commitment to compliance. Binance is now setting up a more centralised structure and is hiring dozens of compliance staff to ease regulators fears about the company.2021年10月13日

Then,Can I still use Binance in Hong Kong?

Binance says it will no longer allow users from Hong Kong to open futures accounts. According to an official announcement, the huge exchange plans to restrict users “in respect of derivatives products (including all futures, options, margin products and leveraged tokens) in-line with our commitment to compliance”.

Correspondingly,Is Binance ban in Hong Kong?

Binance, one of the world’s largest cryptocurrency exchanges, said on Friday it would restrict Hong Kong users from trading derivative products, the latest in a series of changes the exchange has made to improve compliance standards.

Additionally,What countries are banned from using Binance?

Since the 2019 introduction of Binance.US, the international Binance has faced regulatory scrutiny. For example, regulators in the U.K. and Italy have banned Binance from operating in their countries, while officials in Hong Kong and Japan have warned investors about the exchange.

Simply so,How do I withdraw money from Binance in Hong Kong?

It is possible to withdraw funds from your Binance account….Here are the steps you should go through:

  • Log In to Your Account.
  • Choose “Withdraw”
  • Click on the Crypto Tab.
  • Select the Right Network.
  • Choose the Desired Currency.
  • Chose “Receive”
  • Copy and Paste the Current Address.
  • Choose “Send Code”
Related Question Answers Found

Can I trade crypto in Hong Kong?

Currently there is no specific legislation aimed at restricting cryptocurrencies in Hong Kong but the SFC regulates anyone involved in trading of cryptocurrencies that fall within the SFO definition of either “securities” or “futures contracts” by requiring them to be licensed.

How can I buy crypto in Hong Kong?

Here are a few common methods for cryptocurrency investment:

  1. Buy bitcoin/cryptocurrency online through an online trading platform.
  2. Over-the-counter service by Bitcoin OTC broker or other online platforms.
  3. Peer-to-peer offline trading.
  4. Purchase with cash using a Bitcoin ATM.

How do I deposit a Binance in Hong Kong?

On the app, go to Wallets, then under Overview, tap Deposit. Step 2: Select one of the Binance-supported fiat currencies, then select Bank Card under the payment options. Step 3: Enter the amount of fiat currency that you want to deposit.

Can I use Coinbase in Hong Kong?

Coinbase Support in Hong Kong | Coinbase. Coinbase makes it simple and safe to buy, sell, and hold cryptocurrency. Sign up with Coinbase and manage your crypto easily and securely. Now available in Hong Kong and in 100+ countries around the world.

Is Binance or Coinbase better?

Coinbase is best for buy and hold investors who want to purchase a currency and hold it for the long term. Binance offers much lower fees per transaction, as well as incentivizing high-volume traders with their fee structure. While they use a maker-taker fee structure, both the maker and taker fees are identical.

Is Binance illegal in Singapore?

Binance Asia Services Ltd., the Singapore affiliate of the world’s largest cryptocurrency exchange, has withdrawn its application to run a bourse in the city-state, ending an effort that started last year to win approval from Singapore’s authorities.

What countries can trade on Binance?

While Binance doesn’t have a detailed list of supported nations, it does have a list of specific features allowed for certain countries. For instance, the exchange has a list of countries that it supports for crypto to fiat withdrawals. This includes the UK, Belgium, France, Germany, Italy and others.

How do I sell bitcoins in Hong Kong?

The best way to sell Bitcoin is through a cryptocurrency exchange. If the assets are already on an exchange, then skip to step 4. Otherwise, you will need to deposit the coins or tokens on an exchange to sell on the market. There are a variety of factors to consider when selling BTC.

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