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Can I use KuCoin in Texas? To answer that question, there are a few other questions that we need to address as well. For starters, what is KuCoin? Additionally, what restrictions does Texas have that would prevent you from using it there?
As the second-largest state in the union and a growing hub of tech and industry, Texas has more sway over the world economy than you might think. Businesses are constantly moving to places like Austin to find financial freedom and build their own companies.
In this article, we’ll discuss where you can use KuCoin, where it’s prohibited, and what the parameters are in Texas. By the end, you should understand how KuCoin works and what makes it possible to use in some locations.
Can I Use KuCoin in Texas?
You are not currently able to use KuCoin in Texas. KuCoin does not accept customers from the United States, including people from Texas.
KuCoin does not explicitly prohibit residents of the United States from utilizing its services for any malicious reason. They are simply restricted by operating licensing. KuCoin is not authorized to operate within the United States, which makes KuCoin use in Texas impossible.
Despite these setbacks, KuCoin is still thriving and growing. Since its founding, KuCoin has steadily increased users to now include over 10 million. Even though US residents can sign up for an account with KuCoin, they cannot access all of the available features.
What is KuCoin?
Before we dive any deeper into the subject, it makes sense to address one of the most pressing questions: what is KuCoin?
KuCoin is a cryptocurrency exchange that allows users to buy, sell, and trade various cryptocurrencies on a secure platform. With KuCoin, users have access to primary and advanced trading options.
Headquartered in Seychelles, KuCoin is one of the largest cryptocurrency trading platforms available. Next to Coinbase, it provides the most services with hundreds of cryptocurrencies on its platform, including:
- Bitcoin
- Dogecoin
- Ethereum
- Polkadot
- Shiba Inu
- XRP
Where Can I Use KuCoin?
Although unavailable in Texas and the United States, KuCoin is licensed in many other countries.
KuCoin currently has more than 10 million users who live in over 200 countries. Some of those countries include:
- Australia
- United Kingdom
- Tonga
- Namibia
- Tunisia
- Belize
- Canada
- Greece
- Lebanon
- Montenegro
- Kyrgyzstan
- Gambia
- Denmark
- Chad
- Romania
- Turkey
- Taiwan
- Malaysia
- Uruguay
- Moldova
Why Is KuCoin Not Supported in Texas?
KuCoin is based out of Hong Kong, which means that it’s not subject to regulations imposed by the United States. The result is a cryptocurrency exchange platform that is not yet licensed to operate within the borders of the United States.
Texas is still subject to the laws and regulations of the federal government in the United States. You can’t technically use KuCoin in Texas because KuCoin is not licensed to operate in Texas.
You are allowed to set up an account on KuCoin from Texas, but many of the trading platform’s features won’t be available to you.
Ways Around the Restrictions
One way that you might be able to bypass the geo-restrictions on KuCoin is with a premium VPN account. A virtual private network, or VPN, allows you more freedom and privacy when using the internet.
The VPN works by establishing a protected network connection on a public network. The connection gives you access to things you might otherwise not have access to, such as geo-restricted platforms.
You can bypass this with a VPN because you can connect to different servers around the country. After you log in to your VPN account, you can connect to a server outside the United States, giving you access to services like KuCoin.
KuCoin Frequently Asked Questions
Let’s now turn to some common questions people ask about using KuCoin and similar cryptocurrency services in Texas and the United States.
Can I use KuCoin in the USA?
KuCoin is not licensed for use in the United States. So while you can create an account with them as a resident of America, you won’t have access to their full range of account services. You will be blocked from using many features, including their trading platform.
Can I buy bitcoin in Texas?
Bitcoin is not restricted in the same way that KuCoin is. In Texas, you are welcome to buy and trade Bitcoin at your leisure.
Texas even has some supplemental services that make Bitcoin purchase, trading, and use easy for residents.
You have access to all major Bitcoin exchanges, which means there are virtually no limits on what you can buy. Additionally, you’ll find Bitcoin ATMs scattered around Texas. With Bitcoin ATMs, you can quickly convert your cryptocurrency into cash.
Is Coinbase available in Texas?
Coinbase is available in Texas. The Coinbase exchange is one of the largest cryptocurrency exchanges currently active, along with KuCoin.
In the United States, Coinbase is more readily used and trusted than KuCoin. All states, including Texas, have authorized the use of the exchange.
Hawaii is the only state that is still waiting for Coinbase support.
What crypto wallet works in Texas?
Coinbase is the best crypto wallet option for all Texas users. It’s easy to use and is authorized in the United States. This makes it highly preferred over other crypto wallets.
There are other crypto wallets that you can use in Texas, such as:
- eToro
- Gemini
- Coinbase Pro
- Bitcoin IRA
- Coinmama
- Swan Bitcoin
- Bitcoin ATMs
Is cryptocurrency legal in Texas?
Cryptocurrency is legal in Texas. As of June 15, 2021, Texas became the second state in America to recognize blockchain and cryptocurrency. Under the Uniform Commercial Code governing all commercial transactions, cryptocurrency is legal in Texas.
Is Binance legal in Texas?
Texas is one of six states that does not support Binance. Binance is a US-regulated trading platform for cryptocurrency. It’s fairly popular, although it does not have the same user base as Coinbase or KuCoin.
Since Binance is not yet supported in all 50 states, it may take some for it to grow and develop.
References:
- https://www.investopedia.com/articles/investing/011316/texas-economy-9-industries-driving-gdp-growth.asp
- https://www.forbes.com/advisor/investing/cryptocurrency/what-is-cryptocurrency/
- https://www.kucoin.com/about-us
- https://www.investopedia.com/kucoin-review-5214172#:~:text=KuCoin%20is%20a%20large%20cryptocurrency,their%20crypto%20to%20earn%20rewards.
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AuthoratTexas View|Texas View
Christian Linden is a seasoned writer and contributor at Texas View, specializing in topics that resonate with the Texan community. With over a decade of experience in journalism, Christian brings a wealth of knowledge in local politics, culture, and lifestyle. He holds a Bachelor's degree in Communications from the University of Texas. When he's not writing, Christian enjoys spending weekends traveling across Texas with his family, exploring everything from bustling cities to serene landscapes.
