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Following some confusion about whether the DEX Binance applies a geoblocking policy, CZ said that as a blockchain, "it's impossible".
Nobody has time to read that
The uncertainty arose from a pop-up window that appeared when Binance's website was visited in several countries, including the United States.
It may be the long list of countries that prevented people from reading it properly, but it basically said this:
- We can see that you have an IP address from one of these countries.
- As of July 1st, you will not be able to access the wallet interface via Binance.org with such an IP address.
- Click here for alternatives and solutions.
The key points to note here are: 1 / it is only the wallet interface with Binance.org that is inaccessible, and 2 / only if you have an IP address from one of the specified countries.
So, how are we going to cope then?
There are two notable ways to handle this information.
First, we could use an ever increasing number of portfolios, which support direct trading on the DEX Binance. In this way, we do not need to access the wallet interface via Binance.org.
Portfolios supporting direct trading include: Trust Portfolio, ZelCore, CoolWallet, MathWallet, Infinito, Coinomi, Magnum Portfolio and Ellipal.
The other option … for not having IP address of a particular country … someone? Oh yes, you can use a VPN.
In fact, as highlighted by the manager of Binance, Changpeng 'CZ' Zhao, anyone who is serious about their online security should use a VPN in a natural way.
"VPNs are a necessity, not an option," said Zhao.
VPNs are a necessity and not an option.
– CZ Binance (@cz_binance) June 3, 2019
The only thing you probably should not do with this information is panic and start spreading FUD about geoblocking blockchains.
Binance DEX benefits from Bitcoin price gains
Binance launched its Decentralized Exchange (DEX) earlier than expected in mid-April, with CZ completing the first transaction.
Binance piece (BNB) 00 the DEX is built on which the blockchain is built. He was at the top of the winners chart for the year so far, and to a large extent.
Until Harmony surpbades him, he became the first token to trade on Binance and the Binance DEX.
Most of the altcoins reflected Bitcoin's price gains since early April, when "crypto winter" began to thaw.
The list of territories affected by the geo-blocking via Binance.org (and not the DEX) is: United States, Albania, Belarus, Bosnia, Myanmar, Central African Republic, Democratic Republic of the Congo, Democratic People's Republic of Korea, Coast Ivory Crimea, Ukraine, Croatia, Cuba, Herzegovina, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen and Zimbabwe.
Will Binance DEX be able to provide users with an insane trading experience? Share your thoughts below!
Pictures via Shutterstock
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