![]() ![]() Now we have our IPs registered in BVI (British Virgin Islands) and other locations. ![]() In response to China's decisions, we are moving our IPs from Hong Kong to an offshore location. Though originally based in Hong Kong (an administrative region of China), Binance's CEO, Changpeng Zhao, has since moved his business to multiple locations that he won't fully disclose for security purposes. Don't Miss: The Best Bitcoin Wallet Apps for Your Android Deviceīinance Is Based Overseas with No Central Location.So we'll delve into it a little deeper to make it easier to understand and show you all the important details you need to know before opening a Binance account on your smartphone. In addition to that, there are other important aspects to be aware of, such as regulations outside of Binance's control, as well as imposed limitations that are not covered by the user agreement. Though its user agreement may be easy enough to understand through careful reading, the fees charged by Binance for trading and withdrawing can be a little confusing. Without a doubt, Binance is now among the best sites for trading alt-coins like Ripple (XRP), Stellar (XLM), and NEM (XEM) to name a few.Īs with anything that involves trading with real money, it's extremely important for you to understand Binance's terms and get a clear picture of what you're getting yourself into before you start buying and selling cryptocurrencies. In just a few months, Binance has experienced explosive growth, overtaking its rivals to rank among the top three cryptocurrency exchanges in the world by trading volume. ![]()
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