![]() ![]() You need to keep in mind tha KYC process allows for an exchange to be able to identify you and the trades you perform within the platform. Things to Know Before Starting Binance Identity Verification Process You can check out an extensive list of acceptable proof of address for Binance here. Binance’s platform does not offer a verification level beyond the 50.000$ limit by default.įor submitting an address verification, you’ll need a document containing your name, address and a date that’s not older than 3 months prior to the moment in which you’re trying to verify it and the name of the issuer as well. Let’s say you’re planning on becoming a whale (or already are and want to access an exchange), and you wish your limit to go beyond 50.000$, then you need to contact their live customer support channel. If you go one step further, and provide proof of address, the limit increases up to 50.000$ per day.ģ. The basic verification level, in which you submit a selfie and proof of identity with a national ID card, allows you to trade up to 5000$ per day.Ģ. It is important to note that the different verification tiers give you access to different trading amounts per day:ġ. If you don’t complete at least the level 1 verification tier, you won’t be able to trade actively on the platform. The ID verification process allows you to actively trade (buy & sell) in the exchange. Why Should You Complete Identity Verification Process On Binance? In Binance’s official website, you can find verification and other account-related information by accessing its ‘ Support Center’. The main reason Binance gives out for their ID verification policy & process is that it allows them‘ to ensure a stable and compliant fiat gateway’. This process allows the exchange to verify that you are who you claim to be, and allows you to access great features that won’t be available if you don’t complete your KYC. Getting into Crypto may seem hard or confusing at first, but trust me when I tell you: getting an account in a good exchange is a major first step to take.Īs with all worthed, well-established enterprises, you need to verify your Identity and go through a process known as ‘KYC’ (know-your-customer). ![]() But don’t let its short existence deceive you, it hasn’t stopped growing as a company and as a market reference, establishing itself as one of the most-seeked online trading platforms in th World. This company was founded in 2017 by Changpeng Zhao. Binance is the n✡ platform in Malta (a crypto fiscal paradise btw). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |