![]() ![]() 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). ![]()
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