Yes it is allowed. However you can not use the same verification document for both the accounts. Using a passport for 1 account and using your driver’s license for the the other account is the way to go.
Binance was also under investigation by the U.S. government for tax fraud, money laundering, and insider trading as recently as September 2021, according to reporting by Bloomberg. That level of scrutiny was recently extended to Binance.US, which Binance has referred to in the past as a U.S. partner.
Why are my Binance fees so high?
The higher the transaction, the higher the fee. One way to lower your trading fee is to keep some Binance Coin in your account at all times so your fees can be taken from that. Doing this fetches you a 25% discount on all trading fees.
Should I invest in Binance?
Despite its low fees, we do not recommend Binance.US, especially for beginners. Binance.US doesn’t offer any information about how your investment will be secured, stored, or protected by the firm, unlike other cryptocurrency exchanges.
Is Binance a Chinese company?
Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved its headquarters out of China following the Chinese government’s increasing regulation of cryptocurrency.
Can I have 2 verified Binance account?Why did Binance suspend withdrawals?
Binance on Monday morning temporarily paused bitcoin withdrawals “due to a stuck transaction causing a backlog.” A tweet from Binance founder and CEO Changpeng Zhao noting the issue came at 8 a.m. ET, at which point Zhao said the problem would be resolved in around 30 minutes.
How do you make money from a Binance?
How To Earn Interest On Your Crypto Assets And Cash Out With Binance P2P. To redeem and withdraw funds from your wallet, click on the “Wallet” and then on the “Earn”. Select the desired coin from the list of available assets and click on the “Redeem” button on the right side of the page.
Is Binance legal in the US?
In 2019, Binance was banned in the United States on regulatory grounds and is no longer accessible for U.S. citizens. In response, Binance partnered with a U.S. branch called Binance.US, which the company says is a separate exchange. Binance.US is legal, but it is not available in all U.S. states.
Is Binance free to use?
Learn about binance in this video:
Is Binance good for beginners?
Binance’s platform is easy to use, but the sheer number of choices can be overwhelming to a new user. Binance is a better fit for people familiar with cryptocurrency lingo and investing options, whereas Coinbase is built for convenient, easy trading. Both exchanges provide mobile apps with varying functionalities.
Can I have 2 verified Binance account?What is Binance withdrawal fee?
Trading and transaction fees There are no fees for cash deposits or withdrawals by ACH bank transfers, while bank wire transfers are $15 per transaction. Fees for cryptocurrency withdrawals differ by cryptocurrency; withdrawals of Bitcoin cost 0.0005% and a minimum withdrawal amount of 0.001 bitcoin.
Is Binance app good for beginners?
Binance’s platform is easy to use, but the sheer number of choices can be overwhelming to a new user. Binance is a better fit for people familiar with cryptocurrency lingo and investing options, whereas Coinbase is built for convenient, easy trading.