Newbies may encounter some difficulties when buying cryptocurrencies in the UK. You may not be sure whether you can use the Binance exchange to make purchases. Let me confirm that Binance is not available in the UK. Binance services in the UK were suspended just last year.
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Is Binance available in the UK?
Binance, one of the world's largest cryptocurrency exchanges, is not available in the UK. In response to the new regulatory measures in the UK, Binance UK has reached a cooperation with Rebuildingsociety.com, a P2P lending company regulated by the FCA, allowing Binance to publish marketing-related information in the UK through the company.
But on October 10, 2023, the FCA suddenly imposed legally binding restrictions on Rebuildingsociety.com. It will no longer be able to approve financial promotions and requires that from 5pm on October 11, 2023, it must Withdraw existing financial promotion of any crypto asset business, including Binance. Currently, Binance’s services are still temporarily unavailable in the UK.
What should I do if I am restricted? Please do not use a VPN with an IP address from a restricted area such as the UK to access Binance.
A simple solution: You can easily access the full content on Binance.com from countries and regions supported by Binance with the help of a VPN. A VPN is an application that hides your actual IP address and replaces it with an address from another country. For example, if you connect to a Spanish server, Binance will think your actual address is there and grant full browsing access.
Binance suspends accepting new UK users
Binance said it is looking for a new FCA authorized approval body. Until then, Binance’s new UK domain and app will be restricted:
Will stop accepting new UK users
UK users who have already joined will retain their existing available services (provided they have completed investor declarations and suitability tests), but no new products and services will be offered during this transition period
Binance said it is working closely with the FCA to ensure our users are not harmed by these changes and is seeking to find another suitable FCA-authorized firm to approve its financial promotions.
Which countries does Binance support?
Africa: Notably, Binance serves users in Nigeria and South Africa to facilitate their cryptocurrency trading platform and services.
Asia Pacific: The platform is available in Afghanistan, Australia, Bangladesh, Cambodia, India, Indonesia, Japan, Kazakhstan, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Taiwan, and Vietnam, with each country and Regions have made adjustments based on local regulatory requirements.
Europe: Binance operates in Bulgaria, Czech Republic, France, Greece, Hungary, Italy, Latvia, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Switzerland, Turkey, and Ukraine, offering a range of cryptocurrencies that comply with European regulations Serve.
Middle East: In the Middle East, Binance operates in Egypt, Israel, Saudi Arabia, and the United Arab Emirates, offering secure, regulated cryptocurrency trading options.
Americas: Binance serves the American continent and is accessible in Argentina, Brazil, Canada, Chile, Colombia, Mexico, and Peru, adapting its services to different regulatory environments.