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BinanceUS is a scam - save yourself by avoiding

Binance

Cryptocoins Exchanges / Binance 358 Views

I started a BinanceUS account of February 5th to trade VTHO and ONE coin. I moved some BTC to the exchange, converted, and managed to make a profit day trading over the subsequent 2 months.

On April 26th my account suddenly required Address Verification. So I uploaded my new, readily legible driver's license. The exchange then asked for Proof of Address Verification. They wanted a bank statement, credit card statement, or utility bill. I uploaded my April bank statement from Wells Fargo. Verification Failed. I uploaded my April credit card statement from Wells Fargo. Verification Failed. I uploaded my April credit card statement from Chase Bank. Verification Failed. I uploaded the statement for a different chase card. Verification Failed. I repeated all the same steps in May. Failed. Failed. Failed. Failed.

The kicker? From April 26th onward I haven't been able to withdraw anything from the account. My assets are locked into the exchange until my address is verified. BinanceUS refuses to verify the address despite four collaborating documents from the 1st and 4th largest banking institutions in the country.

BinanceUS is a scam that steals money from customers. Avoid them.

submitted by /u/FlippantBuoyancy
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