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Author Topic: Is it possible to create multiple accounts at binance ?  (Read 289 times)
virasog (OP)
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January 31, 2021, 06:09:54 AM
 #1

Is it possible to create multiple accounts at binance  or is there a feature where we can have sub accounts under the same account. This is required to manage different portfolios within a same account.

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January 31, 2021, 07:02:33 AM
 #2

Is it possible to create multiple accounts at binance  or is there a feature where we can have sub accounts under the same account. This is required to manage different portfolios within a same account.

You can create sub accounts in binance if you have a corporate account user.
https://www.binance.com/en/support/articles/360020632811-How-to-Use-the-Sub-Account-Feature-

However i don't see this option in my binance account as i am not a corporate user.
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January 31, 2021, 09:40:06 AM
 #3

Is it possible to create multiple accounts at binance  or is there a feature where we can have sub accounts under the same account. This is required to manage different portfolios within a same account.
I think it is possible as far as you are using a different mail and phone no as well as a different device than the one that you use with your first account. It might be also okay to go with a virtual pc using virtualization for the second account but physical device would be more preferable. Also remember to use different wifi dongles if you are connecting through internet with wifi dongles. If ethernet is the main connection then that is probably okay.

I am not sure about sub accounts but multiple accounts is a possible thing. And, if you are smart enough you can manage all of them without any problems.

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January 31, 2021, 09:51:28 AM
 #4

I have multiple accounts in Binance, I don't face any problem so far, however, only one account is complied with the KYC, the other is non KYC account.

Why is it necessary for you to create a multiple accounts?

What's the purpose if it's okay to share for you?

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January 31, 2021, 09:55:51 AM
 #5

Why not just use different accounts with different emails. Corporate account application has a lot of hoops to jump in so I don't think that it will be the most convenient of them all. Binance is not the Bitcointalk.org so you don't have to worry being frowned upon for having multiple accounts, if this means that you can organize your portfolio much better then might as well go for it. If you are considering to apply for corporate account then I will just leave you a link on what to do for application.
I have multiple accounts in Binance, I don't face any problem so far, however, only one account is complied with the KYC, the other is non KYC account.

Why is it necessary for you to create a multiple accounts?

What's the purpose if it's okay to share for you?
This guy doesn't have any problem with multiple accounts so you might as well go for it. And yeah I want to see the answer for those questions too.

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January 31, 2021, 10:11:17 AM
 #6

I have multiple accounts in Binance, I don't face any problem so far, however, only one account is complied with the KYC, the other is non KYC account.

Why is it necessary for you to create a multiple accounts?

What's the purpose if it's okay to share for you?

Are you using multiple binance accounts on the same device and same internet ? I hope the same IP login for two different accounts does not create any problem. Huh
The reason i have already mentioned is that i wanted to manage different portfolio under different account and keep them separate.

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January 31, 2021, 11:29:30 AM
 #7

I have multiple accounts in Binance, I don't face any problem so far, however, only one account is complied with the KYC, the other is non KYC account.

You just can't verify your both accounts with same documentations and if you want to do so then use the passport for one and driving license for others. This will work.

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January 31, 2021, 12:05:57 PM
 #8

Possible for creating multiple account on Binance but when your withdraw abnormal you need to verify you faced, but if you alone how to verify your multiple account. I think Binance is not have rule have use only one account but when your withdraw disable you need to kyc, are you ready with multiple kyc data? if not better use one account only but if you really need with multiple account maybe wanna trade on future you need early looking for KYC document data keep when withdraw abnormal.
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January 31, 2021, 01:37:24 PM
 #9

If this is related to claiming any rewards or participating in some airdrop event, then don't even bother. They'll always ask for KYC in the end. Not that you should use multiple accounts anyway, especially if you're not managing or acting as a hedge fund or something like that.

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January 31, 2021, 02:02:05 PM
 #10

I have multiple accounts in Binance, I don't face any problem so far, however, only one account is complied with the KYC, the other is non KYC account.

You just can't verify your both accounts with same documentations and if you want to do so then use the passport for one and driving license for others. This will work.
Nope, it will not work because aooner or later the system will identify both IDs are from same user so your both account may get into trouble. You can use non verified account on different devices which connects to different network.
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January 31, 2021, 08:58:38 PM
 #11

I am not sure about sub accounts but multiple accounts is a possible thing. And, if you are smart enough you can manage all of them without any problems.
It's all good until the lock up your accounts and the funds, and ask for KYC verification.

You can create sub accounts in binance if you have a corporate account user.
https://www.binance.com/en/support/articles/360020632811-How-to-Use-the-Sub-Account-Feature-
Also, if you hold at least 50 BNB (worth $2,200 right now) in your individual account

OP why don't you try checking out Kucoin. They do have the sub-accounts feature too. Not so sure about the requirement thou.

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January 31, 2021, 09:07:22 PM
 #12

If this is related to claiming any rewards or participating in some airdrop event, then don't even bother. They'll always ask for KYC in the end. Not that you should use multiple accounts anyway, especially if you're not managing or acting as a hedge fund or something like that.
Yea this is really point if you are going for airdrops and rewards then you can face some trouble because these are only for KYC pass accounts without this you cannot qualify for these things.
Sometime back I have same thing on poloniex but they also want to clear KYC without this you are not able to have sub accounts currently Kucoin is also offering this service but before creating account you have to check T&C because its very important for safety of your funds.
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January 31, 2021, 10:35:09 PM
 #13

I do think it's a good idea to open multiple accounts

I have looked through their terms and conditions, and they talk about 1 user per 1 main account, though not emphatically but if it wasn't that important, then it wouldn't have been mentioned anywhere in the Terms. Prevention is better than cure.

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3. Binance Account Registration and Requirements

a. Registration

All Users must apply for a Binance Account at ((https://accounts.binance.com/en/register) before using Binance Services. When you register a Binance Account, you must provide your real name, email address and password, and accept these Terms, the Privacy Policy, and other Binance Platform Rules. Binance may refuse, in its discretion, to open a Binance Account for you. You agree to provide complete and accurate information when opening a Binance Account, and agree to timely update any information you provide to Binance to maintain the integrity and accuracy of the information. Only one User can be registered at a time, but each individual User (including any User that is a business or legal entity) may maintain only one main account at any given time. Institutional Users (including Users that are businesses and other legal entities) can open one or more subaccounts under the main account with the consent of Binance.

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February 01, 2021, 01:30:20 AM
 #14

Is it possible to create multiple accounts at binance  or is there a feature where we can have sub accounts under the same account. This is required to manage different portfolios within a same account.

Yes, there is a certain feature of Binance which allows you to manage a number of sub-accounts under the same master or main account, in fact up to a thousand sub-accounts. That's indeed very convenient if you are trying to manage either a different portfolio which is not yours or your another portfolio using a different approach.

Please be guided accordingly by these official Binance information:

1. https://www.binance.com/en/support/articles/360020371872
2. https://www.binance.com/en/support/articles/360020632811-How-to-Use-the-Sub-Account-Feature-

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magneto
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February 01, 2021, 10:55:30 PM
 #15

Is it possible to create multiple accounts at binance  or is there a feature where we can have sub accounts under the same account. This is required to manage different portfolios within a same account.

According to their ToS, you're not allowed to have multiple "main accounts" as others have stated.

But from a practical perspective, I have never heard them shut down an account just because it is connected to another existing one in their system. I've heard plenty of people who have opened multiple accounts to circumvent the 2 BTC limit (although now with BTC prices so high, that should be more than enough for the average retail investor).

Just be careful if you are going to do it - don't keep anything on balance and get your money in and out quickly. This is not illegal by any means, but if Binance do decide to crack down and enforce their ToS stricter one day, your account may be suspended or whatnot.
randegibran
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February 04, 2021, 02:37:23 PM
 #16

Is it possible to create multiple accounts at binance  or is there a feature where we can have sub accounts under the same account. This is required to manage different portfolios within a same account.

According to their ToS, you're not allowed to have multiple "main accounts" as others have stated.

But from a practical perspective, I have never heard them shut down an account just because it is connected to another existing one in their system. I've heard plenty of people who have opened multiple accounts to circumvent the 2 BTC limit (although now with BTC prices so high, that should be more than enough for the average retail investor).

Just be careful if you are going to do it - don't keep anything on balance and get your money in and out quickly. This is not illegal by any means, but if Binance do decide to crack down and enforce their ToS stricter one day, your account may be suspended or whatnot.
According term of service is not allowed for using multiple account in any exchange, but if you wanna get much profit from your refferral why not create new account and become our trading account, I think Binance give much commission for refferral so better you have multiple account to earn your commission in Binance, just my ideas but if you afraid better make one account only.
Jawhead999
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February 04, 2021, 04:03:22 PM
 #17

According term of service is not allowed for using multiple account in any exchange, but if you wanna get much profit from your refferral why not create new account and become our trading account, I think Binance give much commission for refferral so better you have multiple account to earn your commission in Binance, just my ideas but if you afraid better make one account only.
Well it seems you're want to teach someone how to cheating which is not a good idea.

If Binance caught you doing suspicious activity and force to submit KYC on each account or all of your account will be suspended, then you will lose everything. I know you can use VPN to hide your IP, but you can't hide your device type etc.

Through your access to and use of Binance Services, we may monitor and collect tracking information related to usage including but not limited to your phone number, access date and time, device type and device identification, operating system and hardware setting, browser type, and information derived from SIM card, network operator, IP address, GPS, base station and WLAN (“Service Usage Information”). This information may be directly obtained by Binance or through third-party service providers. The collection of Service Usage Information helps our systems to ensure that our interface is accessible for users across all platforms and can aid during criminal investigations.

Greedy
This is why you have this kind mindset and got tagged since you abusing campaign with your alt to maximize your profit.

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virasog (OP)
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February 06, 2021, 01:52:23 PM
 #18

Is it possible to create multiple accounts at binance  or is there a feature where we can have sub accounts under the same account. This is required to manage different portfolios within a same account.

Yes, there is a certain feature of Binance which allows you to manage a number of sub-accounts under the same master or main account, in fact up to a thousand sub-accounts. That's indeed very convenient if you are trying to manage either a different portfolio which is not yours or your another portfolio using a different approach.

Please be guided accordingly by these official Binance information:

1. https://www.binance.com/en/support/articles/360020371872
2. https://www.binance.com/en/support/articles/360020632811-How-to-Use-the-Sub-Account-Feature-

As per the above articles, the sub account feature is only given to corporate account users or VIP 1 or higher. For VIP 1, we need have to 30 days minimum trading volume to  50 BTC which is too much for an average trader.
Since making more than once account is dangerous, i postponed my idea of having multiple accounts at binance.

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ipanks
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February 06, 2021, 03:37:38 PM
 #19

I guess you can create multiple accounts at Binance. Maybe you can use a different device to register, but do not use the referral code as if binance suspicious, they can track the account and found your other account. I do not know about corporate users since I am a regular trader on that exchange. With the limiting 2 bitcoin per day for withdrawal, I guess that it will okay for you to use that account.



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GoldenSky
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February 06, 2021, 05:51:18 PM
 #20

You can create different accounts with different internet connection and different device.
Eg:
Register first account with your laptop
Register second account with mobile

But you can't verify 2 accounts with same documents.
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