Binance customer support how to#
Binance customer support registration#

No other entity in the Binance Group holds any form of UK authorisation or registration to conduct regulated business in the UK. 7 June 2023 updateīinance Markets Limited has recently submitted a cancellation request of their FCA permissions which was completed on and is reflected on the FCA Register.įollowing the completion of the cancellation of permissions the firm is no longer authorised by the FCA. See the FCA Register for any requirements that apply to the firm. These requirements remain in place and BML are still unable to conduct regulated business in the UK. The firm complied with all aspects of the requirements. On 25 June 2021, the FCA imposed requirements on Binance Markets Limited. To see if others have posted any concerns, search online for the firm’s name, directors’ names and the product you are considering.Īlways be wary if you are contacted out of the blue, pressured to invest quickly or promised returns that sound too good to be true.įind out more about investing in cryptoassets.

Binance customer support how to#

Check with Companies House to see if the firm is registered as a UK company and for directors’ names. Who can use Binance Pay Can I pay with Bitcoin, BNB and other cryptocurrencies supported by Binance How to access your Binance Pay Wallet How long does it. You should do further research on the product you are considering and the firm you are considering investing with. You can also check our Warning List of firms to avoid. A firm must be authorised by us to advertise or sell these products in the UK – check our Register to make sure the firm is authorised. While we don’t regulate cryptoassets like Bitcoin or Ether, we do regulate certain cryptoasset derivatives (such as futures contracts, contracts for difference and options), as well as those cryptoassets we would consider ‘securities’ – find out more information. This means that if you invest in certain cryptoassets you will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong. Most firms advertising and selling investments in cryptoassets are not authorised by the FCA. Investing in cryptoassets generallyīe wary of adverts online and on social media promising high returns on investments in cryptoasset or cryptoasset-related products. The Binance Group appear to be offering UK customers a range of products and services via a website,. No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK.

This firm is part of a wider Group (Binance Group).ĭue to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA. There is an 'unbonding period' for validators and delegators so that the system makes sure the tokens remain bonded when bad behaviors are caught, the responsible will get slashed during this period.Binance Markets Limited is not permitted to undertake any regulated activity in the UK.Validators can suffer from 'Slashing', a punishment for their bad behaviors, such as double sign and/or instability.

Validators can share (part of) their blocking reward with their delegators.All validator candidates will be ranked by the number of bonded tokens on them, and the top ones will become the real validators.Token holders can delegate their tokens onto any validator or validator candidate, to expect it can become an actual validator, and later they can choose a different validator or candidate to re-delegate their tokens. Token holders, including the validators, can put their tokens 'bonded' into the stake.You may see similar ideas from other networks, especially Cosmos and EOS. Its core logic can be summarized as the below. Proof of Staked Authority brings in decentralization and community involvement.