Bitcoin Forum
September 23, 2021, 05:49:00 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Binance KYC  (Read 682 times)
Dapper
Sr. Member
****
Offline Offline

Activity: 560
Merit: 260



View Profile
May 16, 2019, 04:37:19 AM
 #1

Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?   

For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days?   Or any limits in the amount of BTC you can deposit?

Asking because if that is the only limit, there isn't a reason for me to get verified. 


sent from my X6
1632419340
Hero Member
*
Offline Offline

Posts: 1632419340

View Profile Personal Message (Offline)

Ignore
1632419340
Reply with quote  #2

1632419340
Report to moderator
1632419340
Hero Member
*
Offline Offline

Posts: 1632419340

View Profile Personal Message (Offline)

Ignore
1632419340
Reply with quote  #2

1632419340
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1632419340
Hero Member
*
Offline Offline

Posts: 1632419340

View Profile Personal Message (Offline)

Ignore
1632419340
Reply with quote  #2

1632419340
Report to moderator
1632419340
Hero Member
*
Offline Offline

Posts: 1632419340

View Profile Personal Message (Offline)

Ignore
1632419340
Reply with quote  #2

1632419340
Report to moderator
1632419340
Hero Member
*
Offline Offline

Posts: 1632419340

View Profile Personal Message (Offline)

Ignore
1632419340
Reply with quote  #2

1632419340
Report to moderator
Astvile
Sr. Member
****
Offline Offline

Activity: 1456
Merit: 275



View Profile
May 16, 2019, 04:44:29 AM
 #2

Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?   

For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days?   Or any limits in the amount of BTC you can deposit?

Asking because if that is the only limit, there isn't a reason for me to get verified. 


Im pretty sure it has to need to have a limit for non verified users,I just dont know how much is the monthly limit for unverified users because i cant even withdraw 2BTC in 1 day or even a month lol.We just wait for users to verify if how much it is

[ monero.cx ]        CREATE A NEW EXCHANGE
  Contact Us            PGP Key            Mirror URLs  |
████████████EXCHANGE ████████████
Dapper
Sr. Member
****
Offline Offline

Activity: 560
Merit: 260



View Profile
May 16, 2019, 04:55:29 AM
 #3

Yeah, thanks for the reply.   I'm sure it's somewhere deep in their TOS, just haven't bothered to read it (very few people do... just like that IOS or Google Play terms page).   


sent from my X6
Astvile
Sr. Member
****
Offline Offline

Activity: 1456
Merit: 275



View Profile
May 16, 2019, 05:24:37 AM
 #4

Yeah, thanks for the reply.   I'm sure it's somewhere deep in their TOS, just haven't bothered to read it (very few people do... just like that IOS or Google Play terms page).   


Rofl indeed no one wants to read any website or apps TOS to be real,me im reading it but just the first few parts then got bored and just check it without reading i know its bad but we cant stop ourself from skipping reading it lol

[ monero.cx ]        CREATE A NEW EXCHANGE
  Contact Us            PGP Key            Mirror URLs  |
████████████EXCHANGE ████████████
CryptoBry
Sr. Member
****
Offline Offline

Activity: 1008
Merit: 355



View Profile
May 16, 2019, 05:36:13 AM
 #5

Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit? For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days?   Or any limits in the amount of BTC you can deposit? Asking because if that is the only limit, there isn't a reason for me to get verified. 

Honestly, I have not yet exceeded the daily limit of 2 BTC so we are just assuming that the monthly limit must be around 60 BTC or maybe less. I have a verified account in Binance but I also happen to have two others which are not yet verified, obviously. As for me, Binance is actually that not strict compared to some other exchanges except the decentralized platforms. With the normalization of Bitcoin after the hack, I am sure that this exchange will still be on the top after successfully managing the great crisis with flying colors.
Kakmakr
Legendary
*
Offline Offline

Activity: 2492
Merit: 1595



View Profile
May 16, 2019, 05:45:24 AM
 #6

I think the 2 BTC withdrawal is more of a protection method for them to protect their liquidity and to prevent a type of Bank rush scenario when things might go wrong and not much of a KYC/AML regulation requirement.  Roll Eyes

It is also a protection method from large withdrawals, when a hacker finds a exploit and try to withdraw all the coins in one day. It gives them some time to react when people's accounts gets hacked. <They can also shift coins to cold storage, when it gets noticed>  Wink

One way to get past any restrictions would be to open multiple accounts with family members details. <obviously with their consent>

Duelbits            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀

Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█

Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █

Blackjack
|              ▄▄▀▀█▌
          ▄▄▀█▄    █
        ▄▀     ▀▄▄ █
       █    ▄▄    ▀█
    ▄▄█    █  █   ▐▌
  ▄▀ █      ▀▀    █
▄▀  ▐▌           █
█ ▄▀▀▄▄        ▄▀
▀▀  ▄  ▀▄▄   ▄▀█
  ▄▀   ▄  ▀█▀  █
   ▄▀ ▄▀   █  █
  ▄▀ █     █▄▀
   ▄▀
NEW GAME!
..CRASH...
|||
[ Đ ][ Ł ]
AVAILABLE NOW
Ailmand
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 519


Coindragon.com 30% Cash Back


View Profile
May 16, 2019, 05:46:55 AM
 #7

Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?   

For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days?   Or any limits in the amount of BTC you can deposit?

Asking because if that is the only limit, there isn't a reason for me to get verified. 



I haven't used binance this year, I have also not exceeded the 2 BTC limit per day. I had read their TOS which was updated last February 2019, and it seems that KYC is now required(Link below.) After the hack and security updates, let's expect there might be changes on registation and account verification for security purposes.

Binance ToS

kingpin4321
Member
**
Offline Offline

Activity: 280
Merit: 14


View Profile
May 16, 2019, 06:02:46 AM
 #8

You know it's always important for you to verify your account regardless of the limits you get from withdrawing. A know your customer verified account is very much solid than an unverified account in case of a necessity a verified account would be safer than an unverified one
mk4
Legendary
*
Offline Offline

Activity: 1806
Merit: 2254


🔐 NotYourKeys.org 🔑


View Profile WWW
May 16, 2019, 06:14:39 AM
 #9

One way to get past any restrictions would be to open multiple accounts with family members details. <obviously with their consent>

I know this might be unethical, but can you technically just create multiple alt Binance accounts? Probably with different IPs just to be sure? As the 2 BTC/day limits have zero requirement for KYC anyway. It's gonna be a problem if ever Binance gets detects something fishy and lock your accounts though.

CBANX3
Jr. Member
*
Offline Offline

Activity: 41
Merit: 1


View Profile
May 16, 2019, 06:31:57 AM
 #10

It is important to do after such big crush and to limit, maintain and manage the flow of liquidity Binance has restricted the withdrawal limit of 2BTC a day which is fair enough.
Crypto Girl
Sr. Member
****
Offline Offline

Activity: 980
Merit: 294


View Profile
May 16, 2019, 06:41:30 AM
 #11

One way to get past any restrictions would be to open multiple accounts with family members details. <obviously with their consent>

I know this might be unethical, but can you technically just create multiple alt Binance accounts? Probably with different IPs just to be sure? As the 2 BTC/day limits have zero requirement for KYC anyway. It's gonna be a problem if ever Binance gets detects something fishy and lock your accounts though.
Well maybe before binance found out this he already withdrawn his btc and can't trace any other alt accounts especially if he uses vpn.
More likely if they locked the account it surely don't have anything left.

Though I think creating multiple accounts weren't on their ToS. So perhaps you can do it yet on your own peril.

I use this provider to trade Cryptos : Bitcoin Revolution
okala
Full Member
***
Offline Offline

Activity: 980
Merit: 114


View Profile
May 16, 2019, 06:50:34 AM
 #12

The 2 bitcoin daily withdrawal limit to unverified users is a mean to limit amount of found that get out of binance to unknown and untraceable wallet's, and I believe verified users can withdraw any amount of bitcoin from the binance exchange no limit on that.  But I believe with this recent hack binance will make kyc mandatory to all users.
mk4
Legendary
*
Offline Offline

Activity: 1806
Merit: 2254


🔐 NotYourKeys.org 🔑


View Profile WWW
May 16, 2019, 06:56:41 AM
 #13

Well maybe before binance found out this he already withdrawn his btc and can't trace any other alt accounts especially if he uses vpn.
More likely if they locked the account it surely don't have anything left.

Though I think creating multiple accounts weren't on their ToS. So perhaps you can do it yet on your own peril.
They could potentially find out if the IP from the VPN/proxy you're using is already flagged by them. They could probably lock the account immediately after registration, or after deposit. Not sure though, as I personally haven't really tried yet(and not planning to).

freedomgo
Legendary
*
Offline Offline

Activity: 2142
Merit: 1117



View Profile
May 16, 2019, 06:57:27 AM
 #14

Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?   

For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days?   Or any limits in the amount of BTC you can deposit?

Asking because if that is the only limit, there isn't a reason for me to get verified. 



If you are transacting that big volume of Bitcoin, I suggest you should get yourself verify.
Think about the recent hack, what if your account was compromise and you are not verified with the KYC, it will be hard for you to claim your money then.

Make sense?

Duelbits            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀

Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█

Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █

Blackjack
|              ▄▄▀▀█▌
          ▄▄▀█▄    █
        ▄▀     ▀▄▄ █
       █    ▄▄    ▀█
    ▄▄█    █  █   ▐▌
  ▄▀ █      ▀▀    █
▄▀  ▐▌           █
█ ▄▀▀▄▄        ▄▀
▀▀  ▄  ▀▄▄   ▄▀█
  ▄▀   ▄  ▀█▀  █
   ▄▀ ▄▀   █  █
  ▄▀ █     █▄▀
   ▄▀
NEW GAME!
..CRASH...
|||
[ Đ ][ Ł ]
AVAILABLE NOW
Herbert2020
Legendary
*
Offline Offline

Activity: 1932
Merit: 1136


View Profile
May 16, 2019, 06:59:41 AM
 #15

never count on any rules that an exchange with KYC is setting for those who don't verify their accounts. you may not encounter any problems at first but at any point they are free to close your account and force you to submit your KYC related documents to be verified. i have not personally experienced this with Binance since i don't use it that much but i have experienced it with many other exchanges which were the same.

This space is for rent. Send PM with your offer.
Itsmylife
Sr. Member
****
Offline Offline

Activity: 1001
Merit: 250



View Profile
May 16, 2019, 07:31:42 AM
 #16

Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?   

For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days?   Or any limits in the amount of BTC you can deposit?

Asking because if that is the only limit, there isn't a reason for me to get verified. 


Do KYC is a requirement to join competitions, IEOs projets on Binance. And if you forget your password you must do KYC to change your password.
Japinat
Hero Member
*****
Offline Offline

Activity: 2016
Merit: 637



View Profile
May 16, 2019, 07:41:21 AM
 #17

I can choose not to get verified with Binance if I am not trading like the amount you mentioned.
But if it's overBTC 0.1 , I would certain ensure that I can pass the KYC , this is not just about compliance but it's prevention
of the potential problem in the future knowing that if I loss my money on that range, it would certainly hurt me.

.
.PLAY.
Popular originals,
Sportsbook and 3000+
Slots & Live Games.
▄▄▄
▄▄███████▄▄
▄▄███████████████▄▄
█████▀▀       ▀▀█████
████  ▄▄█████▄▄  ████
███  ▄█████████▄  ███
███  ███████████  ███
███  ▀██▀▀█▀▀██▀  ███
████  ▀██   ██▀  ████
█████▄▄  █ █  ▄▄█████

▀▀███████████████▀▀
▀▀███████▀▀
▀▀▀
▄▄▄
▄▄███████▄▄
▄▄███████████████▄▄
█████▀▀       ▀▀█████
████  ▄▄█████▄▄  ████
███  ▄█  ▀█▀  █▄  ███
███  ████   ████  ███
███  ▀█  ▄█▄  █▀  ███
████  ▀▀█████▀▀  ████
█████▄▄       ▄▄█████

▀▀███████████████▀▀
▀▀███████▀▀
▀▀▀
▄▄▄
▄▄███████▄▄
▄▄███████████████▄▄
███▀▀ ▄▀▀       ▀▀███
██  ▄█  ▄▄█████▄▄  ██
█  ▄█  ▄█████████▄  █
█  ██  ███████████  █
█  ▀█  ▀█████████▀  █
██  ▀█  ▀▀█████▀▀  ██
███▄▄ ▀▄▄       ▄▄███

▀▀███████████████▀▀
▀▀███████▀▀
▀▀▀
▄▄▄
▄▄███████▄▄
▄▄███████████████▄▄
███  █████████▌▐█████
███  ████████▀  ▀████
███  ████████▀  █████
███  ███████▀  ██████
███  ██▀▀▀   ▄███████
███  ██▄▄▄▄██████████
███               ███

▀▀███████████████▀▀
▀▀███████▀▀
▀▀▀
▄▄▄
▄▄███████▄▄
▄▄███████████████▄▄
█████▀▀       ▀▀█████
████  ▄███████▄  ████
███  ▀█▀▀   ▀▀█▀  ███
██   █▀       ▀█   ██
██  ▐█         █▌  ██
██▄  █▄       ▄█  ▄██
████▄▄█▄▄   ▄▄█▄▄████

▀▀███████████████▀▀
▀▀███████▀▀
▀▀▀
▄▄▄
▄▄███████▄▄
▄▄███████████████▄▄
███████▀▀  ██████████
███▀▀       █   ▀▀███
████   ▄▄██  █   ▐███
█████  ▀███▌  █  ████
██████   ▀▀    █ ████
███████       ▄▀▐████
████████  ▄▄▀▀  █████

▀▀███████████████▀▀
▀▀███████▀▀
▀▀▀
.
> WHEEL
> ROULETTE
> DUELS
.
> CRASH
> ESPORTS
> CASINO
.
...PLAY NOW...
Haunebu
Hero Member
*****
Online Online

Activity: 2100
Merit: 695


www.Crypto.Games: Multiple coins, multiple games


View Profile
May 16, 2019, 07:58:54 AM
 #18

Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?   

For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days?   Or any limits in the amount of BTC you can deposit?

Asking because if that is the only limit, there isn't a reason for me to get verified. 


Do KYC is a requirement to join competitions, IEOs projets on Binance. And if you forget your password you must do KYC to change your password.
What the heck are you talking about? He is not concerned with competitions or the IEO projects, but simply wants to know about the withdrawal limits.

Based on what I know, he does not need to complete KYC if he is trading small amounts, but should complete KYC if he is trading big amounts for security reasons especially after the recent hack.

████  ███████  ███
██████████
███      ███████
███      ███████████
██████████████████
████████
███   ████  ███████████
███ ███████████████
█████████
█████████████████
███  ███████
██████████████
███        ████████
███████████▀▀███▀▀███████████
██████▀▀     ███     ▀▀██████
████▀   ▄▄█████████▄▄   ▀████
████▄▄▄███▀  ▀█▀  ▀███▄▄▄████
██▀▀▀██▀      ▀      ▀██▀▀▀██
█▀  ▄██               ██▄  ▀█
█   ████▄▄         ▄▄████   █
█▄  ▀██▀             ▀██▀  ▄█
██▄▄▄██▄             ▄██▄▄▄██
████▀▀▀███▄ ▄█ █▄ ▄███▀▀▀████
████▄   ▀▀███▄█████▀▀   ▄████
███████▄     ███     ▄███████
███████████▄▄███▄▄███████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
..PLAY NOW..
███  ███████  ████
██████████
███████      ███
███████████      ███
██████████████████
████████
███████████  ████   ███
███████████████ ███
█████████
█████████████████
███████  ███
██████████████
████████        ███
freedomgo
Legendary
*
Offline Offline

Activity: 2142
Merit: 1117



View Profile
May 16, 2019, 08:29:10 AM
 #19

Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?   

For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days?   Or any limits in the amount of BTC you can deposit?

Asking because if that is the only limit, there isn't a reason for me to get verified. 


Do KYC is a requirement to join competitions, IEOs projets on Binance. And if you forget your password you must do KYC to change your password.
Bring your question to the appropriate thread, as it's off-topic.

Duelbits            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀

Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█

Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █

Blackjack
|              ▄▄▀▀█▌
          ▄▄▀█▄    █
        ▄▀     ▀▄▄ █
       █    ▄▄    ▀█
    ▄▄█    █  █   ▐▌
  ▄▀ █      ▀▀    █
▄▀  ▐▌           █
█ ▄▀▀▄▄        ▄▀
▀▀  ▄  ▀▄▄   ▄▀█
  ▄▀   ▄  ▀█▀  █
   ▄▀ ▄▀   █  █
  ▄▀ █     █▄▀
   ▄▀
NEW GAME!
..CRASH...
|||
[ Đ ][ Ł ]
AVAILABLE NOW
Dapper
Sr. Member
****
Offline Offline

Activity: 560
Merit: 260



View Profile
May 16, 2019, 11:34:58 AM
 #20

Thanks for the replies.   And I'm happy to do KYC anytime it's required, but prefer to preserve my privacy when it's not required.   

sent from my X6
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!