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Providing country & street address documents is necessary because Binance verifies the location according to specific location laws.
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After loading, your account is verified on the primary level. In the basic level verification, you need to enter your basic information like nationality, first, middle & last name, date of birth, street address, postal code, and city. If you haven’t passed through any level, start with the primary level. On the personal verification page, you will see there are three levels. Under the user’s account option, the second option will be verification. The option will be top right on your navigation bar. Log in to your account on the website, and direct to the user’s account option.
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Changpeng Zhao, CEO Binance How to complete identity verification on Binance?įollow the step-by-step manner to verify your Binance account. Account verification helps us to access the activity of our consumers, keeping fraud aside, and most importantly, improving the security system of Binance. I want liquidity in the crypto exchange with no border for our consumers. For this, Binance wants every single account on its platform to be verified. The primary demand of these laws is to have verified consumers. KYC and AML provisions noticeably are the leading global finance laws. To comply with Global Finance Laws:Įvery cryptocurrency exchange flows the business based on the rules & regulations of global finance. Secure your Binance account to minimize the scams and chances of getting your data altered. Anybody can hack your account, alter your bank statement & your details. Trading with an unverified account on Binance is not a safe move for you. Enhances security measures:Īs the cryptocurrency game is on fire, scammers and hackers are also active. Simply by updating your details, you are boosting your trading limits. Lastly, the Advanced level verified accounts trade $200K daily with a monthly limit of $2 million. Intermediate level verified traders trade $50,000 daily, $500K monthly, and withdraw funds up to100 BTC daily. Understand this situation with this example īasic level verified accounts withdraw only $300, with a 2 BTC daily withdrawal limit. Just like other crypto trading platforms, Binance also necessitates identity verification to unlock unlimited trading limits. There must be some solid reasons & benefits of verifying the Binance account that the folks are searching in different articles & going crazy for the method. But before that, check out why you need to complete the identification process. Here in this article, we have mentioned the complete identity verification process. You have to pass through a step-by-step manner. BinanceĬoming to the point, how do you verify your identity? We accept that the method is simple but not that simple: you earn the verified badge by uploading documents and details. After verifying, we confirm and allow the verified users to trade as much as they want. As we are leading the crypto trading market, we want our consumers not to have limited funds assets. What Binance says about identity verificationĬomplete identity verification helps you to know your customer & that is what we also do.