Binance has outlined its plan for the launch of Binance.US, including the steps customers will need to take to register. In a recent post on Medium, Binance detailed the know-your-customer requirements customers must meet and confirmed that the service will be available in the United States in the “coming weeks.”
The know-your-customer onboarding process is expected to open within a few days before trading is available. As Binance notes, that early KYC process is designed to give customers time to set up their accounts, verify their information, and deposit cryptocurrency funds for trading.
According to Binance:
KYC (know your customer) will be required for trading on Binance.US. Setting up a new account will require a valid government ID (driver’s license or passport) and social security number (SSN) to register for access to the Binance.US marketplace, available in most U.S. states. We are finalizing the list of states where we will start to roll out service to users and will release this list before we begin onboarding customers.
The company plans to rely on web access via desktop or mobile device when it first launches in the U.S. but plans to release an app for the service at some point in the future.