Is Binance Texas a mirage or does it really exist? This question has been a major concern for a lot of people over time. It has been a thing of concern and we have to address it here.
Binance US is completely legal to use in the US Except in the states of Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont.
But there is a piece of good news. Cryptocurrencies have now gained recognition under commercial law in Texas. This might influence the authorities to revisit the restrictions on Binance US in Texas.
Texas Cryptocurrency Enforcement Action
The Texas State Securities Board was the first state securities regulator to make an enforcement order against a cryptocurrency firm and to date, the Securities Commissioner has entered more than 50 administrative orders involving individuals and entities.
Is Binance Accepted in Texas?
Binance is banned in Texas mainly because of disagreements between the company and American leaders.
Despite this, many Texans are interested in the service, and BInance US is legal in most other states.
Can I Use Binance in Texas with a VPN?
Binance has a restriction in the US, and it is not available in the states of Alaska, Hawaii, Maine, New York, Texas, and Vermont.
However, you can access Binance from anywhere with the help of a VPN, such as NordVPN, with plenty of servers in nearby countries (e.g., Mexico).
Is Binance Available in the US?
Binance.US is available to most U.S. residents, unlike the main company Binance. But there are a couple of restrictions.
The exchange is not available in Alaska, American Samoa, Hawaii, Maine, New York, the Northern Mariana Islands, Texas, the U.S. Virgin Islands and Vermont.
Is Crypto.com Available in Texas?
Yes please, crypto.com is available in Texas. Some popular exchanges available in Texas are Coinbase, Crypto.com App, and Gemini.
Can You Use Crypto in Texas?
Texas is one of the most crypto-friendly states and technology hubs in the world, ranking second for locations with Bitcoin ATMs.
The Lone Star State is popular for allowing cryptocurrency mining activities and encouraging usage; thus, there are no state income taxes on crypto.
Does Binance Require KYC?
Creating a Binance account without completing KYC verification is possible; however, this will greatly limit your access to the platform’s features.
Without KYC, you will not be able to engage in buying, selling, or trading crypto, among other restrictions.
Bottom Line
Binance is not legal in Texas and a couple of states in the US. However, one can access Binance from anywhere with the help of a VPN, such as NordVPN, with plenty of servers in nearby countries.