April 20, 2024

Coinbase blocks users from Russia

Coinbase blocks users from Russia

One of the largest crypto exchanges in the world, Coinbase, is beginning to restrict Russian users’ access to theiraccounts - many users received the corresponding letter:

Coinbase blocks users from Russia

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Back in early May, the exchange sent out to the Russiansnotifications and planned to block only those accounts with more than 10,000 euros, but on May 23, users began to report receiving notifications about closing accounts, and the amount was less or there were no funds at all.

In Coinbase account closure notificationsThe reason given is the need to comply with FinCEN requirements. FinCEN is a financial crimes enforcement agency within the US Department of the Treasury. Engaged in the fight against money laundering, terrorist financing and financial crimes.

There are also active discussions on Twitter:

Coinbase has closed my account for "forbidden purposes". But I've never used this account.
In fact, of course, for nationality.
How banning cryptocurrency exchanges and increasing Russian dependence on Putin's power will help overthrow the regime &#8212; no one specifies. pic.twitter.com/pJEuJeNyqu

— Vladislav (@zd_vladislav) May 23, 2022

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bitget https://bitget.com 7.8
3 Huobi https://huobi.com 7.2
4 AAX https://aax.com 6.9
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services&#8212; futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.