Can You Use Binance in The US in 2024? Here’s How to Do It

For American crypto enthusiasts, being geo-blocked from accessing the popular Binance exchange can be extremely frustrating. But with some simple steps, US traders can bypass the IP restrictions and gain access to all that Binance has to offer.

In this comprehensive guide, we’ll explain how to use Binance from the United States in 2024 using a VPN. We’ll also compare the benefits of the international platform versus the restricted Binance.US experience.

By the end of this guide, you’ll have all the information needed to evaluate the risks and rewards of using Binance in the US with a Virtual Private Network (VPN). Let’s get started!

The Rapid Growth of VPN Usage

First, let’s discuss the increasing popularity of VPN services, especially among tech-savvy internet users.

According to GlobalWebIndex, nearly 25% of internet users worldwide actively use a Virtual Private Network. In North America, VPN usage is even higher at 28%.

The use of VPNs has skyrocketed in recent years for several key reasons:

• To access region-blocked content like Netflix libraries abroad
• To enhance privacy when using public WiFi hotspots
• To bypass internet censorship in restrictive countries
• To access websites and apps blocked in certain locations

For crypto traders in the US, being able to bypass the IP-based blocks on Binance is another major motivation to use a VPN.

With so much demand, the VPN market has exploded to over $31 billion in value according to Grand View Research. New VPN providers popup regularly as the technology goes mainstream.

But not all VPN services are created equal when it comes to accessing blocked content. Let‘s look at how VPNs work to enable Binance access from restricted regions.

How VPNs Allow Accessing Blocked Content

VPNs or Virtual Private Networks allow users to mask their real IP address and location by routing their traffic through an encrypted tunnel to a server in another country.

Here are the technical steps involved:

1. You connect to a VPN server located outside your country, for example in Germany.

2. The VPN software on your device encrypts all your internet traffic using protocols like OpenVPN or WireGuard.

3. Your encrypted data travels through an encrypted tunnel to the VPN server you’re connected to abroad.

4. The VPN server acts as an intermediary, decrypting your data and forwarding it to the final destination.

5. The website or app you’re accessing sees the IP address of the VPN server rather than your real US-based IP.

6. All responses go back through the encrypted tunnel to your device and nowhere else.

So in essence, connecting to a VPN allows you to spoof your location and bypass IP restrictions. Rather than revealing you are in a banned region, websites see you as being in the country of the VPN server.

This allows crypto traders in banned regions to simply connect to a VPN in the UK, EU, or another market with access to Binance to gain entry.

Let‘s compare the key differences between the restricted Binance.US and the full international platform.

Binance.US vs International Binance

	Binance.US	International Binance
Supported Coins	111	600+
Trading Fees	0.1% – 0.5%	0.1%
Liquidity	Low	High
Advanced Trading	No	Yes (margin, futures etc)
Access	Most US states	Worldwide except banned regions

As the table shows, the full Binance platform has significant advantages over the watered-down US version. Access to over 500 more coins, lower fees, and useful advanced trading features make the original site far superior for serious crypto traders.

"The limited liquidity and lack of margin trading on Binance.US is unacceptable for advanced traders. Using a VPN to access the global platform is a no-brainer,” said Max Wise, a cryptocurrency analyst at Capitalize Crypto.

Next, let‘s discuss the leading VPN options for gaining access to worldwide Binance.

Top 3 VPNs for Binance Access

After extensive testing, we recommend these top 3 premium VPNs based on criteria like reliable access, fast speeds and security:

1. ExpressVPN – Excellent speeds and uptime to support active trading
2. NordVPN – Large server network at budget-friendly rates
3. Surfshark – Unlimited connections and low cost

Let‘s summarize the key benefits of each pick:

VPN	Pros
ExpressVPN	Blazing speeds, proven to unblock Binance consistently, watertight security, great support
NordVPN	5,400+ servers worldwide, unblocks Binance reliably, affordable plans, strict no-logs policy
Surfshark	3,200+ servers, able to bypass geo-restrictions, unlimited simultaneous connections, low cost

Make sure to only use reputable paid VPNs instead of free services. Furthermore, you’ll need to connect to a server in the UK, Europe, Australia, or another market where Binance can be freely accessed.

Some key server locations that work well include:

• UK (London)
• Germany (Frankfurt)
• Netherlands (Amsterdam)
• Japan (Tokyo)
• Australia (Sydney)
• Switzerland (Zurich)

“Having servers in Binance-friendly jurisdictions provides reliable access for traders in banned regions,” explains Matt Lawrence, a writer for VPNNews.

Now let’s walk through the simple process of accessing Binance using a VPN…

Step-by-Step Guide to Access Binance With a VPN

If you don’t already have an account, here is a step-by-step guide to creating a Binance account with a VPN:

1. Choose a suitable VPN service and download the app for your device

2. Install the VPN app, create an account and log in

3. Connect to a server in the UK, Europe, or another supported country

4. Launch your browser and visit Binance.com to register

5. Click ‘Register’ and enter your email to create an account

6. Verify your email and set up two-factor authentication for security

7. For basic verification enter name, DOB and country matching your VPN

8. Upload documents like Passport issued from same country as your VPN

9. Complete facial verification and you’re done!

Once your account is set up, just connect to the VPN whenever you want to access Binance. Easy!

“The process is very straightforward with step-by-step instructions. New users are up and running in less than 10 minutes,” says Michael Gray, a Binance trader based in California.

Now let’s examine some first-hand experiences of traders using VPNs to access Binance…

Real User Experiences With Binance VPN Access

Despite the warnings, many US-based crypto traders opt to access the international Binance exchange through VPN workarounds.

Most report having no issues, as shared by these real Binance users:

“I’ve been using NordVPN to Binance from New York for over a year without any problems. The full coin selection and margin trading make it worthwhile.” – Luke W., New York

“I tried various free VPNs before paying for ExpressVPN. It works flawlessly every time to unblock Binance.” – Lea R., Florida

“Surfshark allows me to access Binance on my iPhone or Mac seamlessly. I haven’t had my account suspended yet.” – Chang H., California

In general, Reddit threads and forum posts suggest most US traders are able to bypass IP restrictions without trouble. As one Redditor sums up:

“I don’t recommend blatantly violating Terms of Service, but I know many who’ve used VPNs with Binance for years without issue.”

However, there are some risks that merit consideration before jumping in…

Potential Dangers of Accessing Binance With a VPN

Using VPN workarounds to access blocked content always involves assuming some level of risk. Here are the main concerns to factor in:

• Account suspension – Binance may ban accounts detected using VPNs to violate terms.

• Latency issues – Slower speeds could impact time-sensitive trading.

• Logging risks – Data leaks are possible if the VPN provider records activity.

• Legal uncertainty – The legal standing is somewhat ambiguous and untested.

• KYC problems – Providing false location/ID information raises issues.

• VPN detection – Advanced algorithms may be developed to flag VPN use in the future.

• Security risks – Potential data breach if either the VPN or Binance is hacked.

“Traders should use strong unique passwords and two-factor authentication to minimize security risks when accessing Binance internationally,” urges Daniel Prince, COO of CoinOutlet.

While occasional VPN usage seems to fly under the radar currently, those wanting guaranteed stability may prefer complying with Binance.US requirements. But responsible VPN use poses minimal risks for most traders.

Now let‘s answer some frequently asked questions about using Binance from the US…

FAQ About Accessing Binance From the US

Is it illegal to use Binance with a VPN in the US?

There are no specific laws prohibiting the use of VPNs to bypass trading platform geo-blocks. The legal standing has not been directly addressed and remains ambiguous, but occasional personal use is very unlikely to raise legal issues. However, VPN usage does violate Binance’s terms.

What are the risks of falsifying my location or documents?

Providing false personal information during Binance account verification raises potential identity fraud issues. Traders would need to acquire genuine identification documents from the country matching their VPN to avoid this problem.

Could I get in trouble with regulators for using Binance in the US?

Regulators have not targeted individual traders for simply accessing an blocked exchange like Binance. Regulatory action is focused on the platforms lacking proper procedures and licenses. Ordinary traders are unlikely to face regulatory scrutiny.

How can I prevent my Binance account from being suspended?

Using a VPN infrequently rather than for all logins reduces the risk of detection. Also, enable all security features like 2FA on your Binance account and VPN app to establish you are a legitimate user.

What precautions should I take when using a VPN for trading crypto?

Beyond using a reputable premium VPN, traders should also enable two-factor authentication on exchanges, use unique complex passwords for accounts, avoid public WiFi for sensitive activity, and install antivirus software to minimize risks.

What are thealternatives if I want to be 100% compliant with regulations?

For guaranteed regulatory compliance, traders in banned states can use regulated US exchanges like Coinbase, Kraken and Gemini which offer many major cryptocurrencies. However, they lack altcoins and trading features found on international platforms.

Can I access Binance DeFi and NFT features with a VPN?

Yes, VPN access provides full use of Binance‘s DeFi ecosystem including staking, liquidity pools and yield farming. NFT marketplaces and auctions are also accessible. US traders can gain exposure to far more DeFi and NFT options versus using Binance.US.

“VPN usage is common among US crypto enthusiasts who want access to the full suite of innovative DeFi and NFT features on Binance’s global platform,” says DeFi analyst William Cox.

This covers the key questions US traders have about accessing the international crypto exchange using VPN services.

Closing Thoughts

While the regulatory status remains ambiguous, American crypto traders can potentially bypass IP restrictions and safely access the full-fledged Binance exchange using the right VPN tools and precautions.

For pro traders, the benefits like massively expanded coin selection, advanced features and lower fees available exclusively on the global platform make setup hassles worthwhile. Beginners may opt for guaranteed stability on licensed US alternatives instead.

By understanding the risks and utilizing our guide, you can evaluate whether using Binance internationally with a VPN makes sense based on your specific needs and risk tolerance as a US trader.

Despite the murky legal standing, the use of Virtual Private Networks remains a go-to workaround allowing US enthusiasts to access the world‘s largest crypto exchange and all it has to offer.