Binance.com is not available to US residents — it blocked US users in 2019 due to regulatory pressure. Binance.US is the separate, US-licensed entity. In 2023, Binance pleaded guilty to US money laundering violations and paid a $4.3 billion fine. Changpeng Zhao (CZ) resigned as CEO and served prison time. Binance.US operates under tighter restrictions and has reduced feature availability compared to the global exchange.
Can I lose all my money on Binance?
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Yes. Binance is a trading exchange — losses from bad trades are the user's responsibility. Additionally, exchange risk exists: while Binance has not suffered a major hack of user funds, exchange insolvencies (FTX) have wiped out billions of user assets. Best practice: only keep on Binance what you are actively trading; move long-term holdings to self-custody hardware wallets.
