Crypto Trading In Russia — Situation With Crypto In The Country

Russia is a vast country, and that’s precisely why there might be some misconceptions. There was a case when one of the largest crypto exchanges in the world — Binance got put onto the blacklist of crypto platforms in the Russian Federation.

Apparently, a court in one of many parts of Russia has approved the request about banning Binance. The exchange itself didn’t know anything about this. Moreover, the act was made illegally, since it happened before any regulations regarding crypto came out in Russia.

Best crypto exchanges to use in Russian Federation

A great exchange to use in Russia would be Binance. It’s a worldwide famous company which accepts users from most countries across the globe. It offers a wide variety of crypto for trading, as well as advanced graphs with many technical indicators.

It also has an academy where you can learn about the main terms regarding cryptocurrency and a demo account which you can get some experience on.

Russian crypto regulations

It’s legal to trade Bitcoin in Russia and also exchange the digital currency for rubles, but only via licensed operators. Cryptocurrency in the Russian Federation is recognized as property, so owners can defend their rights for it in courts.