Alternatives

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Author

Franklin Silva

Co-Founder & Fintech Analyst

Fact checked by: Pedro BrazUpdated on Oct 30, 2024

Binance is a popular cryptocurrency exchange where investors buy, sell and store their digital assets. The company is the largest crypto trading platform by trade volume, with millions of customers globally.

Recently, many Binance traders have had their trading accounts frozen temporarily or permanently shut down due to their country of residence.

Why is Binance closing accounts? Which countries are supported or banned from using the Binance exchange? And what are the alternatives? Let’s find out!

Binance supported countries

Currently, Binance operates in over 100 countries, including:

• Africa: South Africa

• America: Argentina, Brazil, Chile, Colombia, Mexico, Peru

• Asia & Pacific: Afghanistan, Australia, Cambodia, India, Indonesia, Japan, Kazakhstan, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Taiwan, Vietnam

• Europe: Bulgaria, Czech Republic, France, Greece, Hungary, Italy, Latvia, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Switzerland, Turkey, Ukraine

• Middle East: Egypt, Israel, Saudi Arabia, United Arab Emirates$BTC @Binance Announcement