EnchantedSky
Sun Jun 09 2024
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5 answers
1282
Does Saudi Arabia make use of Binance?｜, which account for a combined 170,010,000 active users. After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process.Saudi Arabia has 6 trusted exchanges available for you to sign up for, with the most popular being Rain and Binance
Does Saudi Arabia indeed utilize Binance as one of its trusted exchanges for cryptocurrency transactions? Given that Binance, along with other exchanges, boasts a significant user base totaling over 170 million active users worldwide, it seems to be a popular platform. But upon signing up to any exchange, the Know Your Customer, or KYC, process is inevitable, requiring verification of identity and address. Given this, it's intriguing to know if Saudis have access to and utilize Binance, considering it's listed as one of the most popular exchanges in the country.
SamuraiCourage
Sun Jun 09 2024
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6 answers
1422
Why Binance left China?｜The company was founded in 2017 in China but moved its servers and headquarters out of the country in September 2017. Zhao asked He to join Binance, and she helped rewrite parts of the white paper for Binance's $15 million initial coin offering.in advance of the Chinese government's ban on cryptocurrency trading
Why did Binance relocate its servers and headquarters out of China? Could you elaborate on the reasons behind this decision? Was it solely due to the anticipated ban on cryptocurrency trading by the Chinese government? How did this move impact Binance's operations and growth? Did it face any challenges or obstacles in the process? Also, could you provide some insights into the role played by Zhao in inviting He to join Binance and how her contributions affected the company's initial coin offering?
lucas_jackson_pilot
Sun Jun 09 2024
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5 answers
1232
Is it OK to leave money on Binance?｜. The Binance.US platform, which serves U.S. clients, employs two-factor authentication (2FA), real-time monitoring, data encryption, secure storage, and IP address whitelisting to protect your investments.Binance is a leading crypto exchange that has various security measures in place to keep your crypto assets safe
Is it advisable to keep funds on Binance? Given that Binance.US, specifically catering to American customers, incorporates multiple layers of security including two-factor authentication, continuous monitoring, robust data encryption, secure storage facilities, and IP address whitelisting to safeguard investments, does it offer sufficient assurances for the safety of my crypto assets? Could you elaborate on the reliability and effectiveness of these measures in ensuring the protection of my funds?
KimchiQueenCharm
Sun Jun 09 2024
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7 answers
1614
Is leverage in binance haram?
Could you please clarify for me if leverage trading on Binance is considered Haram in Islamic finance? I've heard some conflicting opinions and would like to understand the position more clearly. Could you explain the Islamic perspective on leverage trading, and specifically how it applies to Binance? Would it be permissible for Muslims to engage in leveraged trading on this platform, or does it violate Islamic principles?
CryptoVanguard
Sun Jun 09 2024
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7 answers
1595
Does Binance report to tax authorities in Germany?｜Does Binance report to the BZSt? .Yes, it's likely that Binance reports to the BZSt and other tax authorities throughout Europe
Could you please elaborate on whether Binance submits reports to the tax authorities in Germany? Also, do they have a standing relationship with the Bundeszentralamt für Steuern, or the BZSt? It is my understanding that Binance is obligated to report to the BZSt and various other tax authorities across Europe. Is this indeed the case? Could you provide any further clarification on this matter? Thank you for your time and assistance in addressing this query.
