Binance Restricted Countries

Binance is restricted or banned in at least 10 countries due to regulatory challenges, government sanctions, and compliance issues. Some nations have outright banned Binance, while others have imposed regulations that make it legally or practically impossible for the exchange to operate.

Key restricted countries:

• United States: Binance has been banned in the U.S. since 2019 due to regulatory concerns, leading to the launch of Binance.US as a compliant alternative.
• Netherlands: In 2023, Binance exited the Dutch market after failing to secure regulatory approval, following a €3.3 million fine for unregistered operations one year prior.
• Nigeria: In 2023, Nigeria’s SEC declared Binance illegal. By 2024, executives were detained, and Binance disabled Naira services amid regulatory pressure.
• United Kingdom: The FCA banned Binance from offering regulated services in 2021 and revoked its permissions entirely in 2023.
• Canada: Binance left Canada in 2023 due to strict regulations. In 2024, it was fined $4.32 million for violating anti-money laundering laws.
• Belgium: Belgium’s financial regulator ordered Binance to halt all operations in 2023 due to non-compliance with EU financial laws.
• Other restricted locations: Binance is also unavailable in Cuba, Iran, Syria, North Korea, Crimea, and non-government-controlled areas of Ukraine due to sanctions and compliance risks.

For a recent list, users should look into Binance's official policies regarding countries that are prohibited, and do further research using the Binance Wikipedia page which keeps track of the latest restricted locations.

What Countries Does Binance Support?

Binance is the largest cryptocurrency exchange by user base, offering trading, staking, and financial services across more than 100 countries. While availability varies based on local regulations, the platform continuously adjusts to compliance requirements to maintain global accessibility.

Breakdown of where Binance is available:

• Africa: Users in Kenya, Egypt, Morocco, Ghana, Uganda, and South Africa can access spot trading, P2P transactions, and other crypto tools.
• Asia & Pacific: The platform serves China, Australia, India, Thailand, Malaysia, Indonesia, Japan, Kazakhstan, New Zealand, Philippines, Taiwan, and Vietnam, adapting services to regional laws.
• Europe: Most European countries, including France, Italy, Spain, Romania, and Turkey, support Binance. The exchange complies with MiCA regulations and has delisted USDT in some regions.
• Middle East: Binance is present in Egypt, Israel, Saudi Arabia, and the UAE, offering secure and regulated crypto trading to local citizens.
• The Americas: Argentina, Brazil, Chile, Colombia, Mexico, and Peru have access to Binance, with services tailored to local financial regulations.

According to Similarweb, Binance receives 77 million monthly visits, with Brazil (7.64%) leading in traffic, followed by South Korea (6.82%), Ukraine (6.32%), Vietnam (5.5%), and Turkey (4.15%). The remaining regions account for 69.56% of the visits.

Can I Use Binance in the US?

Binance is not available in the U.S., but Binance.US, launched in 2019, operates as a separate platform designed to comply with American regulations. However, it is not accessible in all states, and some regions have restrictions on certain services.

Binance.US is fully available in most states, including California, Florida, Illinois, and Pennsylvania, while New York, Texas, and Washington remain restricted. Michigan has paused new user registrations, and Kansas and Wisconsin only allow crypto transactions without USD services.

Users in supported states can trade, stake, and manage their crypto portfolios, though features are more limited than on the global Binance platform. For the latest availability, refer to Binance.US’s official list of supported and restricted states.

Binance Licensing and Regulation

Binance holds 21 licenses and registrations worldwide, allowing it to do business legally in multiple jurisdictions. These licenses cover a range of services, including crypto exchange, custody, digital asset trading, and financial services.

The most important licenses include:

• France: Registered as a Digital Asset Service Provider (DASP) with the Autorité des Marchés Financiers (AMF) (E2022-037), enabling custody, trading, and exchange services.
• Italy: Approved as a Digital Asset Service Provider (DASP) by the Organismo Agenti e Mediatori (OAM) (PSV5), authorizing crypto asset exchange and custody.
• Kazakhstan: Licensed by the Astana Financial Services Authority (AFSA) for digital asset trading, custody, and investment services within the Astana International Financial Centre (AIFC).
• Dubai: Granted a Virtual Asset Service Provider (VASP) License by the Dubai Virtual Asset Regulatory Authority (VARA), allowing broker-dealer, exchange, and lending services.
• Bahrain: Holds a Category 4 Crypto-Asset Service Provider (CASP) License from the Central Bank of Bahrain, authorizing full exchange and custody operations.
• El Salvador: Secured both a Digital Asset Services Provider (DASP) License from the Comisión Nacional De Activos Digitales (CNAD) and a Bitcoin Services Provider (BSP) License.

For a full and updated list of Binance’s licenses and registrations, readers can visit the Licenses and Registrations page on Binance’s official website.

Does Binance Require KYC?

Yes, Binance requires all users to complete a standard Know Your Customer (KYC) process. It is an important part of complying with global regulations such as anti-money laundering (AML) and counter-terrorism financing (CTF) rules. Here's what data you would have to provide:

• Personal details: Full name, date of birth, and residential address.
• Government-issued ID: Passport, driver’s license, or national identity card for identity verification.
• Biometric verification: A real-time face scan to confirm identity and prevent fraud.
• Proof of address: Utility bill or bank statement (required in some regions for higher withdrawal limits).

Binance also enforces KYC for corporate entities with U.S. connections to meet regulatory requirements. Businesses must submit a Nationality of Business Entities Checklist and a U.S. Ownership/Control Attestation for those with over 10% U.S. ownership or directors.

About Binance

Binance, founded in 2017 by Changpeng Zhao (CZ), is the world’s largest crypto exchange, serving over 258 million users across 100+ countries. It offers spot and futures trading with up to 125x leverage, staking, crypto loans, and access to BNB Smart Chain (BSC) for DeFi applications.

The platform supports 350+ cryptocurrencies and accepts deposits in 80+ fiat currencies, including USD, EUR, and  CAD. Security measures include multi-factor authentication (MFA), Proof-of-Reserves audits, and a Secure Asset Fund for Users (SAFU) to protect against losses.

Final Thoughts

Binance remains the world’s largest crypto exchange despite bans in major markets like the U.S., Canada, and the U.K. With 77 million monthly users, it continues to dominate in liquidity and trading volume.

However, regulatory pressure is rising, especially in the EU under MiCA and other stricter compliance frameworks. While Binance continues securing licenses, investors should monitor evolving KYC rules, restrictions, and jurisdictional shifts that may affect access.

For the latest updates, users should check Binance’s official compliance pages to confirm availability in their region.