Cryptocurrency Q&A
Is it legal to use Binance in Canada?
Is it legal to use Binance in Canada?
CryptoGuru
Sun Mar 02 2025
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6
answers
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I'm a Canadian resident and I'm wondering if it's legal to use Binance, a cryptocurrency exchange platform, in my country. I've heard mixed information and I want to make sure I'm not breaking any laws.
6 answers
CryptoDynastyLord
Tue Mar 04 2025
Despite the withdrawal, some users might attempt to access the Binance platform using a VPN.
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noah_wright_author
Tue Mar 04 2025
However, this method poses a challenge when it comes to completing KYC verification. Canadian IDs are not accepted, which creates an obstacle for users seeking to verify their accounts.
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HallyuHype
Tue Mar 04 2025
As a result, users in Canada face limitations on their withdrawal amounts. Specifically, the daily withdrawal limit is capped at 0.06 BTC.
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CryptoNinja
Tue Mar 04 2025
Binance has recently announced its withdrawal from the Canadian market.
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CryptoMystic
Tue Mar 04 2025
The decision was influenced by the stringent financial trading restrictions imposed by the Canadian government.
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