Binance Blocks Access for U.S. Clients

November 11, 2020 | 

Binance Blocks Access for U.S. Clients

Binance has started blocking U.S. users from accessing its platform.  An email obtained by The Block directed a user to withdraw their funds within 90 days if they were based in the U.S.  The move comes more than a year after Binance first announced that it would stop serving U.S. residents from September 2019.  Where will crypto traders go now?  Beaxy Exchange, a U.S. based Money Services Business [MSB], registered with FinCEN, offers a safe haven away from regulatory uncertainty when trading more than 30 different digital assets. And, much more.

What’s next for Binance’s U.S. Customer Base?

Beaxy Exchange has put an emphasis on operating within the regulatory landscape since inception.  On the other hand, regulatory uncertainty led Binance to announce in September of 2019 that it would stop serving U.S. residents and that it would open a U.S. branch –  A year later and is inconsequential when compared to its predecessor; thus, many Americans have continued to trade on Binance’s traditional platform by simply checking a box to confirm that they are not American. Regulators have been open about stating that Binance has tried to avoid U.S. regulations through a series on clever corporate structures.  For this reason, Beaxy Exchange is throwing it’s hat in the ring as a compliant, insured, crypto exchange with industry-leading security and the tools to make profit-laden trades.

The Tools You Need To Trade Crypto

Beaxy Exchange has got your back when trading crypto.  After creating an account you will get access to a wide variety of crypto payment rails, more major fiat options than virtually every other U.S. exchange, industry-leading security for your digital assets, automated technical analysis that works, and a team that will help you succeed every step of the way.

Move In and Out With Crypto, Cash, or Credit

Fund your account with your preferred payment method.  Beaxy accepts deposits in more than 35 cryptocurrencies, 6 major fiat currencies, and with a credit or debit card in 19 different national currencies.

Access Crypto With Six Major Fiat Currencies

In collaboration with Prime Trust, Beaxy’s U.S.Trust Partner, the exchange offers deposit, withdrawal, and trading support for six major fiat currencies to offer each client a global trading opportunities unlike any other. Regardless of where they reside, Beaxy’s traders can move in and out of crypto with USD, EUR, GBP, JPY, CAD, and AUD. This industry-leading depth of foreign currencies gives Beaxy clients exclusive access to take advantage of global mispricings that stem from a lack of exchanges that offer as many fiat currencies.

Industry-Leading Security and Peace of Mind

Through Beaxy’s partnership with Curv, a cloud-based custody provider with comprehensive protection on cryptocurrency deposits, customer holdings are virtually unhackable.  When a client deposits cryptocurrency on Beaxy Exchange, they can rest easy knowing their assets are protected by Curv’s unique decentralized security model.  Third party custody provider, Curv, eliminates the need for private keys, replacing them with multi-party computation (MPC) protocols that enable transactions to be securely signed in a distributed way to eliminate any single point of failure.  In short, the digital assets are under bulletproof protection thanks to Curv’s approach to security.  And, to protect the fiat currency that is held by Beaxy, FDIC insurance is provided through their U.S. trust partner, Prime Trust.  FDIC insurance covers client fiat holdings up to $250,000 per account.  Beaxy Exchange supports deposits, withdrawals, and trading of six major fiat currencies: USD, EUR, GBP, JPY, CAD, and AUD to provide FDIC coverage to traders around the world.

Automated Technical Analysis That Works

Beaxy Exchange gives you access to exclusive assistive tools that take the pain and guesswork out of trading.

On the web trading platform, Signals are based on aggregated market data that is used to prepopulate your charts with professional-grade technical analysis that yields a 63%+ win rate.   These machine-generated Signals reduce the element of human error that stem from manual technical analysis. While trading on Beaxy Exchange, you can access Signals based on market-leading statistical models such as Fibonacci retracements to determine support and resistance levels, rising wedges, channels, and many more strategies.

Binance Blocks Access for U.S. Clients

On the Beaxy Exchange mobile app, Trender takes all of the technology from Signals and refines your trading experience down to an educated swipe. Similar to popular dating apps, Trender pairs you with the perfect trade. See an appealing chart setup on an asset that you are interested in? Simply swipe to the right to follow the sophisticated AI and enter the trade. If you don’t like the trade being offered by Trender, swipe left to find more attractive charts.

$500 Bonus To Trade With Your Fees

Beaxy Exchange will match your deposits up to $500 so that you can trade with your fee rebate.  Once you’ve generated 1.5x the amount of your bonus in fees, which is approximately $350,000 in volume within the first 6 months of trading, you can withdraw the bonus and recoup 66% of what you spent on fees. Learn more.

Real Customer Support

Beaxy’s dedicated support staff are available 24/7 to walk you through the exchange or help you troubleshoot any issues that you may experience.  Need a quick solution to a simple problem?  Try Bixie, our automated support agent that is up to speed on all things regarding the Beaxy Exchange.  For everything else, contact our customer service agents that are ready to help you in a timely manner.

Your New Home: Beaxy Exchange

Binance’s most recent actions towards U.S. residents restricting access to their crypto trading platform via IP and requiring them to withdraw their funds has opened the door for traders to experience all that Beaxy Exchange has to offer. In addition to the wide variety of crypto payment rails, more major fiat options than virtually every other U.S. exchange, industry-leading security, automated technical analysis that works, and a team that will help you succeed every step of the way, enjoy peace of mind knowing that U.S. regulations have been adhered to since the beginning.  Enjoy all that Beaxy has to offer by opening an account today!