How to Use Binance in Canada Safely (Working in 2025)

The world's largest cryptocurrency exchange, Binance, stopped operating in Canada in May 2023. This restriction has affected Canadian crypto investors and traders who need access to their accounts or want to use the platform for trading and investment.

Can you use Binance in Canada? Yes, a VPN makes it possible to access Binance securely from anywhere. A VPN masks your real IP address and assigns you a new one from the server you've chosen, making it appear as if you're accessing Binance from a location where it's available. This way, you can safely trade or withdraw crypto from your Binance account without restrictions.

How to Sign Up for and Use Binance in Canada — 2025 Guide

To use Binance in Canada, you'll need a VPN and either a new or existing Binance account. Follow these steps to set up everything securely. If you already have a Binance account, you can skip the account creation process.

1. Download and Install a VPN

2. Connect to a VPN Server

Connect to a country where Binance isn't restricted, such as Mexico, Poland, or Spain. Choose a server close to your location for better speeds — Mexican servers work well for users in North America. Always connect to your VPN before visiting Binance to prevent IP leaks.

3. Create Your Binance Account

Visit Binance.com and click Sign Up in the top right corner. Enter your email to receive a verification code, then create a strong password for your account. You can skip the referral code step if you don't have one.

4. Verify Your Account

Binance has different verification levels that affect what you can do on the platform. Without verification, you can't trade or deposit funds, but you can withdraw up to 0.06 BTC daily if you have existing funds.

Basic verification requires providing some personal information like your full name, date of birth, and an ID card. This unlocks deposits and increases your withdrawal limit to 50,000 USDT daily. Advanced verification needs additional documents, such as proof of address, source of funds, and further identity verification but offers higher limits.

The verification process on Binance takes around 7 minutes

5. Fund Your Account

Once verified, you have several ways to add funds. You can send crypto from another wallet to your Binance address or purchase it directly with a card. Just bear in mind that the payment methods you can use may be restricted depending on the location of your chosen VPN server.

6. Use Binance Without Restrictions

Connect to your VPN before using Binance each time. You can now use all available features based on your verification level, whether you're trading, investing, or managing your crypto. Remember to check your withdrawal limits to plan your transactions accordingly.

How Can I Withdraw Funds From Binance in Canada?

Withdrawing funds from Binance in Canada can be tricky due to account restrictions. You can either withdraw your crypto to a different wallet or exchange or convert it to fiat currency first. Here's how to safely withdraw your funds using either method.

Converting and Withdrawing to Fiat

1. Connect your VPN. Start by connecting to your VPN and logging into your Binance account.
2. Convert to a stablecoin. If you're holding volatile cryptocurrencies, consider converting them to a stablecoin like USDT first. This protects your funds from price fluctuations during the withdrawal process.
3. Access P2P trading. Navigate to Binance's P2P section and select the cryptocurrency you want to sell. Choose CAD as your preferred fiat currency to find Canadian buyers.
4. Select a seller. Look for sellers with high completion rates and good reviews. Check their payment methods and ensure they match your preferences. Newer accounts should stick to traders with at least 95% completion rates.
5. Complete the transaction. Follow the trade instructions carefully. Only confirm the crypto release after you've received and verified the payment in your account. Keep all communication within Binance's P2P platform.

Withdrawing Crypto to Another Wallet

1. Connect to your VPN. Before visiting Binance, connect to your VPN server in a supported country to ensure a stable connection throughout the withdrawal process.
2. Access your Binance wallet. Log into your account, click the wallet icon at the top of the screen, and select Spot. Find the cryptocurrency you want to withdraw and click Withdraw.
3. Choose your network. Binance supports multiple networks for most cryptocurrencies. Select the one that matches your receiving wallet (like SOL, BTC, or ERC20). Using the wrong network could result in lost funds, so verify this carefully.
4. Enter withdrawal details. Add the receiving wallet address carefully and double-check it. Enter the amount you want to withdraw, keeping in mind the daily limit of 0.06 BTC for unverified accounts¹.
5. Confirm and complete. Review the network fees and withdrawal amount. Complete any required security verifications and confirm your withdrawal. The transaction appears in your withdrawal history right away, but the time until it reaches your wallet varies by network — Bitcoin transactions might take 30–60 minutes, while Solana and XRP transfers typically complete within minutes.

When moving your crypto to a new exchange or cold storage, check their supported tokens first. Binance supports 461 different coins², but not all platforms support this many. In addition, any coins that trade on Binance aren't supported by hardware wallets (like Ledger and Trezor) or other exchanges, so verify compatibility before moving your funds.

If your tokens aren't supported at your destination, you'll need to convert them first. The safest approach is to convert these tokens to either a widely supported cryptocurrency, like Bitcoin or Ethereum, or to a popular stablecoin, like USDT or USDC. Make sure to verify the specific token standard (like ERC-20 or BEP-20) that your new wallet or exchange supports before making the conversion.

Why You Need a VPN to Use Binance in Canada

Is Binance banned in Canada? No, but it withdrew from trading in the country in May 2023. If you try to access Binance from Canada now, you'll see this error message:

Binance's services are restricted for users in Canada

A VPN offers an easy solution for using your Binance account in Canada. It works by rerouting your internet connection through servers in different countries where Binance is available. When you connect to a VPN server in a supported country, you receive an IP address from that location. This makes it appear as if you're using Binance from a country where the platform operates.

According to Immunefi, 98.5% of all cryptocurrency losses were due to hacks or exploits in 2024, representing a 155% increase from the previous year³. A VPN helps to keep your Binance account secure from hackers by protecting your data with military-grade encryption. This shields your trading activity, wallet information, and personal data from hackers and other malicious actors who might try to intercept your connection.

How to Fix My VPN if It's Not Working With Binance in Canada?

If you're having trouble using Binance with your VPN, don't worry. Here are several troubleshooting steps that can help restore your access quickly and securely.

• Switch VPN servers. Try connecting to different servers in Binance-supported countries. Some servers provide better connections than others.
• Restart your VPN. A simple restart of your VPN app can resolve many connection issues. Close the app completely, clear your browser cache if needed, and try connecting again.
• Check your VPN protocol. Switch between available protocols like Lightway, OpenVPN, or WireGuard if you're still having issues.
• Enable obfuscation. Some users have reported that Binance can detect VPN connections. If your VPN has obfuscation features, enabling them can help prevent detection.
• Verify Binance's status. Connection problems might be due to Binance maintenance or technical issues. Check their official status page or social media channels for any announcements.
• Review account restrictions. Does Binance require KYC? Yes. That’s why it’s important to double-check your account's verification level on Binance. Certain features might be restricted based on your verification tier, regardless of your VPN connection.

If these steps don't solve your issue, contact your VPN's support team for specific server recommendations. Avoid mentioning VPN use when contacting Binance support, as this could affect your account status.

FAQs on Using Binance in Canada

Is using Binance with a VPN legal in Canada?

Using a VPN to access Binance isn't illegal, but it does go against the platform's Terms of Service. The platform stopped operating in Canada in May 2023, when it withdrew from the market due to regulatory requirements.

If you choose to access Binance, be aware of significant limitations. Without completing identity verification (which requires ID from a supported country), your account will be restricted to a daily withdrawal limit of 0.06 BTC. You won't be able to deposit or buy crypto with fiat currencies, and you'll have limited access to trading features.

Are there any Binance alternatives available in Canada?

Several regulated cryptocurrency exchanges operate legally in Canada. Major alternatives include Newton, Crypto.com, Kraken, NDAX, and Bitbuy. These platforms are registered with Canadian regulators and support direct CAD deposits. Plus, you can access them directly, unlike Binance, which requires you to use a VPN.

Some of these exchanges might offer fewer trading pairs than Binance, but they provide compliant trading options for Canadian users. You can deposit and withdraw funds directly through Canadian payment methods like e-transfers and wire transfers.

Does Binance require KYC verification in Canada?

Yes, Binance requires KYC verification for all users. KYC (Know Your Customer) is a regulatory requirement that helps prevent fraud, money laundering, and other illicit activities. A reliable VPN can further safeguard access to Binance in Canada.

Binance adheres to these regulations to remain legally compliant in countries where it isn’t banned. To complete the KYC process on Binance, you'll need to provide personal information such as your full name, address, date of birth, and a valid government-issued ID.

Not complying with KYC verification on Binance will result in limitations on your account. This means that you’ll be limited to withdrawing 0.06 BTC daily, and you won’t be able to buy crypto with fiat currencies.

Is using a VPN to access Binance allowed?

Many users regularly access their verified Binance accounts with a VPN for added security, and we haven't heard of issues arising from this common practice. However, Binance's terms of service don't officially support using VPNs to bypass restrictions, and it may apply account limitations if VPN use is detected.

To avoid any potential issues with your Binance account, it's worth reviewing its terms of service and understanding possible account restrictions.

What countries can you access Binance from?

You can access the full version of Binance from 40+ countries around the world. Unfortunately, due to regulatory issues, there are many countries where this version of Binance can’t operate, such as Canada, the US, and the UK. Luckily, it’s possible to access Binance safely from anywhere with the help of a reliable VPN.

Binance.us, however, is currently available in the US. This is a stripped-back version of the platform that was designed to comply with US cryptocurrency trading regulations.

Binance.com is currently available in:

References

1. https://www.binance.com/en/square/post/9098977211289/
2. https://coinmarketcap.com/rankings/exchanges/
3. https://downloads.ctfassets.net/t3wqy70tc3bv/25QlpTkJpMp7GrMm8w8FAU/6b646726535fc1def965ae12fee6a9a0/Immunefi_Crypto_Losses_in_Q2_2024.pdf/