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This article previously contained statements implying that Binance DEX itself — rather than its website — was geoblocking users. It has been updated for accuracy.
The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block website access to users based in 29 countries. The Binance DEX website informs potential users of the restriction via a message that appears when accessing the platform from one of the regions.
The message appearing on the platform states that accessing the website from certain countries will be restricted starting on July 1:
“It seems you are accessing www.binance.org from an IP address belonging to one of the following countries:
USA, Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Croatia, Cuba, Herzegovina, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, or Zimbabwe.”
Pop-up when accessing binance.org from within the U.S.
Pop-up when accessing binance.org from within the U.S.
The pop-up also warns about how trading and accessing the wallet interface through the website will be blocked for users with IP addresses from the aforementioned countries, regardless of their actual location.
Lastly, the message also links to a list of wallets supporting the Binance Chain (BNB) mainnet, suggesting them as alternatives for holding, managing and trading assets on Binance DEX.
Many in the crypto community characterized the finding as an indication that the DEX is in fact not decentralized. A Twitter user well known among crypto enthusiasts, Whale Panda, commented:
“Reminder that it was never a DEX so stop calling it a DEX. It's just a word they used to pump $BNB, it was never meant to be decentralized.”
A Steemit post dedicated to the topic links to a list of suggested crypto asset trading platforms that do not require users to go through Know Your Customer procedures.
Binance CEO Changpeng Zhao tweeted on June 2 that the notion that the DEX itself was geoblocking users is false:
“The messages being passed is wrong. binance.org (the website) blocks certain countries; DEX (the blockchain) does not, it can't.”
As Cointelegraph reported at the time, Binance launched its decentralized trading platform earlier than planned, in the second half of April.
Yesterday, June 1, Cointelegraph reported that the largest portion of traffic directed at crypto exchanges globally comes from the U.S., followed by Japan.
At the end of last year, Time reported that bitcoin (BTC) has a substantial liberating potential thanks, among other things, to the inability of authorities to control access to it.
BTC [Bitcoin] BNB [Binance Coin] 0.01 Bitcoin = 5.207113 Binance Coin: 0.1 Bitcoin = 52.071129 Binance Coin: 1 Bitcoin = 520.711292 Binance Coin: 2 Bitcoin = 1041.423 Binance Coin: 3 Bitcoin = 1562.134 Binance Coin: 5 Bitcoin = 2603.556 Binance Coin: 10 Bitcoin = 5207.113 Binance Coin: 20 Bitcoin = 10414.23 Binance Coin: 50 Bitcoin = 26035.56 Binance Coin: 100 Bitcoin = 52071.13 Binance Coin ... The DCForecasts Binance Calculator tool gives you an option to convert any financial amount to and from Binance (BUSD) with up to six decimal places. You can convert USD to BUSD, EUR to BUSD and any of your preferred world fiat currencies, with conversion rates based on the live DCForecasts Binance Price Index. The non-USD BPI prices are implied based on the rates obtained Learn how to buy, sell, and trade Bitcoin in Macedonia. Find and filter all the best exchanges by payment method, fees, and security. ATMs; Wallets; Mining; Charts = $ fetching. Buy Bitcoin In Macedonia . We found 9 exchanges in Macedonia. We may receive compensation when you click certain products. Before getting started, an important disclosure. Most Popular Exchanges in Macedonia. CEX.io ... Exchange platform bankcomat.org – this is a reliable financial partner, we make exchanges within 5-15 minutes. Binance launched in 2017 and since then it has grown to be the biggest exchange in the crypto industry. Having 350+ cryptocurrencies for trading, accompanied by high security the exchange is considered THE place to go for altcoin exchange. It was founded by Changpeng Zhao and co-founded by Yi He, both coming with experience from OKCoin. Binance gathered traction really fast thanks to its ... #1 Bitcoin platform for active trading. Cryptocurrency derivatives are in high demand. Binance Coin Option aims to bring the standards of the financial sector to the crypto world by providing innovative solutions, state-of-the-art security, a better trading experience, and a client-focused development. We are also striving to make crypto trading fair and transparent by giving opportunities for ... Binance is one of the best exchanges for experienced traders who are looking for a premier cryptocurrency marketplace to perform real-time trades. With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of tools and pairs available to them within one powerful trading platform. Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP ... — CZ Binance (@cz_binance) June 3, 2019. It’s a strange stance for Binance’s CEO to take that they will block U.S. users to protect themselves from allegations of unregulated trade, but then offer them a way around those blocks to continue their business. The man can’t even put his greed on hold for a day. Instantly buy Bitcoin and other cryptocurrencies with your card (credit card, debit card and gift card supported), PayPal, Western Union or international bank transfer (we hold bank accounts in the US, UK, Europe and Hong Kong). Save money and maximize profits with our ultra economic fees, lower than 97% of the exchanges, and enjoy one of the richest crypto-catalogues on the internet with more ... Bitcoin Or Binance Coin: a Comparison of Bitcoin (BTC) and Binance Coin (BNB). Which one is a better investment? - 1 day
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