Binance is the single largest cryptocurrency exchange in the world, doing over $16 billion in 24-hour exchange trading volume. With over 600 different cryptocurrencies available, there are tons of exotic altcoins and crypto trading options so you can get busy trading and lose all your money in crypto with a smile! BUY HIGH SELL LOW! (Not financial advice).
Unlike KuCoin, where users can trade without identity verification, Binance requires complete identity verification for all users, otherwise known as (Know Your Customer) KYC verification.
Big ones that we need to get out of the way
If you live in the USA, you’ll be redirected to Binance.US, which has full KYC but a watered-down offering (about 60) of cryptocurrencies.
If you live in China, Binance (or any other crypto exchange) is unavailable due to the government firewall. If you can skirt the government firewall, you should still be able to use your Chinese address to register.
What’s KYC?
Know your customer is the identity verification process that a crypto exchange uses to get your Information so you can buy and sell cryptocurrency on their exchange with your bank account or credit card.
Governments rightfully hate money laundering, a tool for criminal organizations and tax evaders. KYC and getting your information is required by all other financial institutions, and cryptocurrency exchanges are in fact just that- financial institutions.
Without further ado, here are the Binance KYC countries. If your country isn’t listed here, it’s safe to assume that Binance isn’t available where you live.
How long does the identity verification process take?
Identity verification with Binance varies by country. The UK has the longest verification process time I’ve seen, at 10 days. Most other countries take 2-3 days maximum. Binance is a huge entity with robust KYC systems and is able to verify users quickly.
Full Binance KYC is available in the following countries (alphabetical):
A
Algeria
Andorra
Afghanistan
Angola
Anguilla
Antarctica 🐧
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
B
Bahamas
Bahrain
Bangladesh
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Botswana
Brazil
Brunei
Bulgaria
Burkina Faso
Burundi
C
Cambodia
Cameroon
Canada
Cape Verde
Cayman Islands
Chad
Chile
Colombia
Comoros
Costa Rica
Cote d’Ivoire
Croatia
Curacao
Cyprus
Czech Republic
D
Denmark
Djibouti
Dominica
Dominican Republic
E
Ecuador
Egypt
Eritrea
Estonia
Ethiopia
Equatorial Guinea
F
Fiji
Finland
France
Faroe Islands
Falkland Islands
G
Gabon
Gambia
Georgia
Germany
Ghana
Gibraltar
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Guyana (France)
Guernsey
Guadeloupe
H
Haiti
Honduras
Hong Kong
Hungary
I
Iceland
India
Indonesia
Ireland
Isle of Man
Israel
Italy
J
Jersey
Jamaica
Jordan
Japan
K
Kazakhstan
Kenya
Kiribati
Kuwait
Kyrgyzstan
L
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
M
Macedonia (North Macedonia)
Madagascar
Malawi
Malaysia
Maldives
Malta
Mali
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Monaco
Mongolia
Montenegro
Mozambique
Myanmar
N
Namibia
Nauru
Nepal
Netherlands
New Zealand
Niue
Niger
Nigeria
Norway
O
Oman
P
Pakistan
Palau
Palestine
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Q
Qatar
R
Romania
Russian Federation
Rwanda
S
Saint Kitts and Nevis
Saint Lucia
Saint Martin
Saint Helena
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
South Africa
South Korea
Spain
Sri Lanka
Suriname
Swaziland (Eswatini)
Sweden
Switzerland
T
Taiwan
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turks and Caicos
Turkmenistan
Tuvalu
U
Ukraine
United Arab Emirates
United Kingdom
Uruguay
Uzbekistan
V
Vanuatu
Vatican City
Venezuela
Vietnam
Virgin Islands, British
W
Western Sahara
Z
Zambia
Buying cryptocurrency with a credit card or debit card
In some locales, you have the ability to buy cryptocurrency on Binance with only a debit or credit card without having to connect to a bank account. This doesn’t mean you get to skip the identity verification process, but it does make it easier to get started.
Paying with a bank card is currently disabled:
Argentina, Brazil, Colombia, Hong Kong, India, Indonesia, Israel, Kazakhstan, Kenya, Malaysia, Mexico, Nigeria, Peru, Philippines, Singapore, South Africa, South Korea, Switzerland, Taiwan, Turkey, and Vietnam.
Paying with a bank card is still enabled:
Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Republic of Cyprus, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, UK, and Ukraine.
As you can see, the Binance exchange operates in most countries!
