Are you a Texan looking to join the world of cryptocurrency trading on Binance, but facing a roadblock because the exchange platform is banned in your area?
Not to worry, you can still access the platform through a VPN. We will show you how to use Binance in Texas through two of the most reliable VPNs to bypass geographical restrictions. So, if you are ready to start trading cryptocurrencies on Binance, read on for all the details. But first;
Why Is Binance Banned in Texas?
Binance is a cryptocurrency exchange platform that allows you to buy, sell, and trade various digital assets. It was founded in 2017 and quickly grew to become one of the largest and most popular cryptocurrency exchanges worldwide. Binance offers many trading pairs and features, including margin trading and a decentralized exchange.
However, while the platform is so popular and available to many regions of the world, it is unavailable to a few states in the United States, including Texas.
In April 2019, the Texas State Securities Board (TSSB) issued an emergency cease and desist order against Binance. Through the order published through TSSB’s website, the Texas government claimed that Binance, through its parent company, Delta Crypt Limited, was not properly registered to offer securities in the form of initial coin offerings (ICOs), and further claimed the securities offered were promising “ridiculous” returns.
TSSB also said that Delta Crypt had received a prior warning about getting the registration required to offer securities in the country. Further justifying the cease and desist order, TSSB claimed that the company ignored the warning and began the new Binance online investment program. According to the Texas government, Binance is an online scheme based on fraudulent and deceptive offers.
As you can see, the Texas government has taken its stance on Binance, and that means you can’t use the platform in the state. In fact, both Binance and Binance.US are not available to Texans, even though the latter platform was designed for American investors.
That said, Binance is one of the best platforms, only comparable to Coinbase, Paybis, Kraken, Gemini, Crypto.com, and other leading exchanges. They offer hundreds of cryptocurrencies you can invest in, including Bitcoin, Ethereum, and their own Bitcoin.com. When you compare what Binance offers to other crypto exchanges, you might still be tempted to open an account.
So, knowing you can’t open a Binance account from Texas, we recommend using VPNs to bypass the geographical restrictions imposed by Binance. Read on to find out why a VPN is a good idea, plus our two best recommendations.
How to Access Binance Through A VPN
A VPN, or Virtual Private Network, is a service that allows you to create a secure and private connection to the internet.
It does this by routing your internet connection through a VPN server, which can be located in a different country or region. This allows you to access websites and services that may be blocked or restricted in your location.
Additionally, VPN encrypts your internet connection, thus protecting your personal information and online activity from being tracked or monitored by others.
So, as you can see, you can hide your geographical location and secure your internet connection to access Binance, even if you live in Texas.
However, it’s important to note that using a VPN to access a platform that is not available in your region may still be considered a violation of the platform’s terms of service, and, in the case of Texas, New York, and Hawaii, where Binance prohibits use, illegal.
While you may have reservations, you might feel better knowing VPNs are widely used in cryptocurrency trading. As you know, the crypto industry carries numerous risks, including hacking and phishing. Trading accounts, crypto wallets, and even exchange platforms can all be hacked, so you need to take the best measures to keep your portfolio safe.
Many crypto investors use VPNs to trade anonymously, and you can too. However, do not forget other safety measures, such as using strong login credentials, enabling two-factor authentication, using safe and private networks, avoiding spammy links, and not sharing your trading account details with strangers.
With that in mind, we recommend using two of the world’s best VPNs to access the Binance platform from texas;
How to Use NordVPN to Access Binance from Texas
NordVPN is one of the best VPNs you can use to open a Binance account anonymously from Texas. It guarantees the best anonymity with over 60 countries you can point your servers to. In addition, it uses military-grade AES-256-GCM encryption and IKEv2/IPsec and OpenVPN protocols, so you can share data without risk of exposure.
NordVPN does not log your user activity, protects you when using public Wi-Fi, and even has CyberSec features that protect you from phishing attacks. As you can see, it is one of the best ways to hide your location and identity when trading crypto. So, here is how you can use it to open a Binance account:
Step 1: Sign up for NordVPN by visiting their website and purchasing a subscription plan. Then, download and install the NordVPN app on your device.
Step 2: Open the NordVPN app and log in with your account details. Connect to any server from a list of over 60 countries supported by NordVPN.
Step 3: After connecting to an ideal server, open your web browser and visit the Binance website. Click on the “Register” button to create a new account. Then, fill in the required information, including your email address and a strong password.
Step 4: Click on the “Create Account” button to complete the registration process. Next, verify your email address by clicking on the link sent to your email.
Step 5: Log in to your Binance account and start trading. Remember, you will have to complete Binance’s verification for your account to be ready for trading. Additionally, the Binance verification process may take a few days to complete.
How to Use ExpressVPN to Access Binance from Texas
Like NordVPN, ExpressVPN also uses military-grade encryption and supports different protocols, including OpenVPN, L2TP-IPsec, SSTP, and IKEv2 to keep your details safe. In addition, ExpressVPN hosts servers in over 90 countries so you have many places to connect to so you can access Binance from texas.
ExpressVPN does not log your activity, it has an automatic kill switch to keep your account safe in case you lost the VPN connection, and provides automatic public Wi-Fi protection. Finally, with the VPN’s Split Tunneling, you can decide which apps connect to the VPN servers and which use your Texas internet connection.
The process of using ExpressVPN to open a Binance account is very similar to that of NordVPN.
Step 1: Sign up for ExpressVPN by purchasing a subscription plan. Download and install the ExpressVPN app on your device.
Step 2: Open the ExpressVPN app and log in with your account details. Connect to a server located outside of the United States.
Step 3: Open your web browser and visit the Binance website. Click on the “Register” button to create a new account. Fill in the required information for your Binance account.
Step 4: Click on the “Create Account” button to complete the registration process, then verify your email address.
Step 5: Log in to your Binance account and start building your portfolio.
How to Use the Binance Exchange Platform from Texas
When you use one of the two VPNs above to create your Binance account from Texas, here is how to start investing in crypto.
As mentioned above, you will have to verify your account after opening, and that process can take one to ten days to complete. Remember, you may be required to verify your account by providing a government-issued ID, passport, or driver’s license. This is to comply with AML and KYC regulations. Once that is done, here are the main steps to start investing in crypto:
Step 1: Add funds to your account: To buy crypto on Binance, you will need to add funds to your account. You can do this by depositing cryptocurrency from an external wallet or by using a credit/debit card or bank transfer.
Step 2: Buy crypto: Once you have funds in your account, you can buy crypto by going to the “Buy Crypto” page on the Binance website. Select the cryptocurrency you want to buy and the amount you want to invest. You can also set a stop-loss or take-profit limit order if you want to automatically sell your crypto at a certain price.
Step 3: Store your crypto: Once you’ve bought crypto on Binance, you can store it in the platform’s built-in wallet or you can transfer it to an external wallet for safekeeping. There are several types of crypto wallets, including hardware wallets like Ellipal Titan and KeepKey.
Factors to Consider When using Binance from Texas
If you are trading crypto on Binance from Texas, here are a few things to keep in mind:
a) Legal restrictions
Binance is not available for residents of Texas, therefore it’s important to know that the use of the platform from Texas is not legal. To access Binance from Texas, you will need to use a VPN to mask your IP address and make it appear as if you are accessing the platform from a different location.
b) Security measures
As with any online trading platform, it’s important to take security measures to protect your account and personal information from hacking or fraud. This includes using a strong and unique password, enabling two-factor authentication, and being cautious when clicking on links or downloading attachments.
c) Volatility
The value of cryptocurrencies can be highly volatile, which means that the prices can change rapidly and unpredictably. This can create profit opportunities, but it also means that there is a risk of losing money.
d) Monitor Your Portfolio
Once you start trading in crypto, you will need to track the performance of your account and portfolio. To do so, you can get the best crypto portfolio trackers, crypto tax software to help you when filing taxes, and crypto trading bots to help you make better trading decisions for more profits.
Featured Image Source: cryptopolitan.com