The most anticipated launch of the month in the crypto world, Binance US, is set to happen tomorrow, September 18. After a long wait, the exchange will start to accept registrations. Before using the services, you have to be whitelisted, so it may take some time, depending on how many people try to join the service (and we bet that it’ll be a lot of people).
A total of 13 states were barred from using the platform, unfortunately. They include Alaska, Alabama, Connecticut, Georgia, Florida, Hawaii, Louisiana, North Carolina, Idaho, Vermont, Washington, Texas and New York. It was reported, however, that the residents of these states will be allowed to use the platform eventually.
The blog post that announced the launch has also explained that all clients will have zero trading fees until November 1, 2020, and that customers will need a valid government-issued ID with photo such as social security number or passport to be users.
No assets will be automatically transferred to your account, even if you have another Binance account. Binance US will be a fully independent product. Trading can only be started after you had your profile verified and deposit funds.
Initially, users can only buy assets with ACH or wire transfers, but other options are set to be included in the following months. The company will accept USD, BTC, ETH, BCH, XRP, LTC and USDT. All assets will be insured.