Binance withdrawals limits {0.05 BTC accounts}

[Tash]

If no country is found before Oct. 29 it can not exist. In most cases takes weeks to set up company.
Fact is been kicked out of Japan, Hong Kong, Malta and now Cayman Islands.
Which country is willing to take that much heat for little gain.
https://bitcointalk.org/index.php?topic=5353363.msg57648203#msg57648203

[Potato Chips]

The closest thing to an announcement is when they updated their withdrawal limit article which notifies no one.

Daily withdrawal limit:
Verified accounts: withdraw up to 100 BTC per 24h
Non-verified accounts: as displayed on the withdrawal page

Thanks for your support!
Binance Team

July 31th, 2017
Note: This announcement was updated on 2021-04-23 to reflect changes to daily withdrawal limits for non-verified accounts.

Binance email service is poor (except for promotions ofc  ), the email you received was probably sent to any unverified accounts regardless of whether they were .05BTC'd

[stompix]

It is better to avoid it:
- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation

Hard to trust a website named "scambinance" to offer real facts and data.
For example, the link where you claim all the management resigned links back to...the same page, are you building proofs by linking to your claims from a random mail that looks sooo fake, especially when the English used in it sounds like somebody who has serious troubles making sentences longer than 10 words?

Besides, you're always forgetting bits of information, you add this:

“Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorized by the Authority to operate a cryptocurrency exchange from or within the Cayman Islands,” the islands’ Monetary Authority said in a press release Friday.

but you forget this:

Following recent press reports that have referred to Binance, the Binance Group and Binance Holdings Limited as being a crypto-currency company operating an exchange based in the Cayman Islands, the Authority reiterates that Binance, the Binance Group or Binance Holdings Limited are not subject to any regulatory oversight by the Authority.

Seriously, Binance has a lot of problems and a lot of skeletons in the closet as it is, why the need to make things up completely?

[hugeblack]

Yesterday I received an email from Binance, they told me that I have to verify the account or else the withdrawal limit will be reduced before 18/8/2021 and therefore they gave me one day even though they started implementing the procedures in the period between June and July.

I will wait until tomorrow to see if the 0.05 BTC limit will continue after that or decrease.
In general, I expect that they will be reduced again before the end of the year and require level1/2 verification, and perhaps they have other criteria such as total balance and so on.

[Taskford]

Yesterday I received an email from Binance, they told me that I have to verify the account or else the withdrawal limit will be reduced before 18/8/2021 and therefore they gave me one day even though they started implementing the procedures in the period between June and July.

I will wait until tomorrow to see if the 0.05 BTC limit will continue after that or decrease.
In general, I expect that they will be reduced again before the end of the year and require level1/2 verification, and perhaps they have other criteria such as total balance and so on.

its hard to provide our details knowing that there are so many Identity stealer so better to wait for the updates on what will happen to your account. Can you please give us an update? since we want to know if that email is true since I'm a regular binance user but I never receive any mail that's why I'm curious to know about the certain limits if we will not conduct the mandatory KYC to their platform.

[Potato Chips]

since we want to know if that email is true since I'm a regular binance user but I never receive any mail

Just got the same email as OP yesterday (18th, UTC) so yours could also be on the last few days before the supposed completion for existing unverified accounts which is at 2021-08-23 00:00 AM (UTC), see: Updates to Daily Withdrawal Limits. There was nothing fishy about the email so I doubt it's fake...

But don't fully rely on email alerts cause problems could arise leading to receiving no email at all or getting it late. As always, before putting any money, double check everything would work according to your purpose (at least on a surface level ) e.g. checking withdrawal page for min/max amount, coin/exchange status, if you're able to trade etc...

I'm curious to know about the certain limits if we will not conduct the mandatory KYC to their platform.

If you were not .05BTC'd, it would most likely be at .06BTC as per the announcement.

[leea-1334]

And now I read yesterday that Holland has also cracked down on Binance,,, but I thought the euro withdrawals were all already down since last two months?

Does anybody know what the max withdrawal is for verified?

[noorman0]

Does anybody know what the max withdrawal is for verified?

This is only an increase in the withdrawal limit for basic users (non-KYC) and is not affected for level 1 users onwards. I think if you are verified, it will be equal to VIP1 user which is 100BTC per day (iirc).

[hugeblack]

its hard to provide our details knowing that there are so many Identity stealer so better to wait for the updates on what will happen to your account. Can you please give us an update? since we want to know if that email is true since I'm a regular binance user but I never receive any mail that's why I'm curious to know about the certain limits if we will not conduct the mandatory KYC to their platform.

They seem to be bad at delivering mail when it comes to important alerts but they rank accounts and it seems my account has a bad grade so the procedures were implemented early before they were actually announced to everyone.

Generally, it is better to avoid using this platform with large amounts because they have a lot of legal issues and therefore they will comply with some of them based on your IP address.

[Azrieli]

- White & Case class action lawsuit: International traders blame Binance for $20 million loss

 

[leea-1334]

Does anybody know what the max withdrawal is for verified?

This is only an increase in the withdrawal limit for basic users (non-KYC) and is not affected for level 1 users onwards. I think if you are verified, it will be equal to VIP1 user which is 100BTC per day (iirc).

Thanks. As I know there are 3 levels of verification for Binance, the most basic is just verification of contact locations and then the second is matching personal ID with your details while the third is full residence, location and banking verification.

I was the most basic level on a long time ago but never received any notice. I have avoided going to try even log in now until all of this blows away

[Rrita]

Today Binance blog publishes a new update regarding KYC, https://www.binance.com/en/blog/421499824684902585/ecosystem/binance-expands-global-kyc-requirements-to-further-user-protection

According to this blog post, All Binance users need to do the Intermediate Verification requirement. To prevent Anti-Money Laundering (AML) Binance doing this.

[leea-1334]

Today Binance blog publishes a new update regarding KYC, https://www.binance.com/en/blog/421499824684902585/ecosystem/binance-expands-global-kyc-requirements-to-further-user-protection

According to this blog post, All Binance users need to do the Intermediate Verification requirement. To prevent Anti-Money Laundering (AML) Binance doing this.

It is funny to see this type of post actually because on one hand it makes them look good to show the regulators that they care about AML and regulations and they want to do right,,,

But on the other hand it is a sort of admitting that in the past, they did not care;)

This is the end of non KYC exchanges.  

[Rrita]

This is the end of non KYC exchanges.  

Still, some exchanges offering NON-KYC services. Among them Nominex offering the highest withdrawal. They are offering up to 3BTC withdrawal without KYC. It's new but looking good at all. I created an account also bought some NMX coins. Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.

Here is the Bitcointalk ANN thread of Nominex exchange, https://bitcointalk.org/index.php?topic=5197241.0

[OmegaStarScream]

This is the end of non KYC exchanges. 

Still, some exchanges offering NON-KYC services. Among them Nominex offering the highest withdrawal. They are offering up to 3BTC withdrawal without KYC. It's new but looking good at all. I created an account also bought some NMX coins. Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.
-snip-

Okex seems to be a good alternative as well. I can withdraw up to 10 BTC per 24 hours without the need to verify my identity. I also like the fact that lightning network withdrawals are supported which is something I believe no one has done so far.

[Rath_]

I also like the fact that lightning network withdrawals are supported which is something I believe no one has done so far.

Bitfinex supports Lightning Network deposits and withdrawals as well. They also maintain two fairly large and well-connected nodes (bfx-lnd0, bfx-lnd1) so payment failures should not be a real problem.

[Twinkledoe]

This is the end of non KYC exchanges.  

Still, some exchanges offering NON-KYC services. Among them Nominex offering the highest withdrawal. They are offering up to 3BTC withdrawal without KYC. It's new but looking good at all. I created an account also bought some NMX coins. Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.
-snip-

Okex seems to be a good alternative as well. I can withdraw up to 10 BTC per 24 hours without the need to verify my identity. I also like the fact that lightning network withdrawals are supported which is something I believe no one has done so far.

How about Kucoin, everyone is forgetting this top exchange. They still have 5 btc daily withdrawal limit for unverified account. Let us see if this will change in the future. But for small traders, I guess the the reduction of limits in binance is still fine. At least, with that exchange, they have very good liquidity and your funds are relatively safe. I am verified in Binance owed to access in p2p trading, so I have no problem with their reduction limits.

[leea-1334]

Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.

Okex seems to be a good alternative as well. I can withdraw up to 10 BTC per 24 hours without the need to verify my identity. I also like the fact that lightning network withdrawals are supported which is something I believe no one has done so far.

How about Kucoin, everyone is forgetting this top exchange. They still have 5 btc daily withdrawal limit for unverified account.

Thank you everyone for all of these exchanges. No offence Rrita,,, I never heard of Nominex but if they are member of Binance broker that is a good thing. I will make note of all of this.

Okex I also think is a good exchange even though people say they do a lot of wash trading in past. Kucoin much the same,,, I did not realize their wd limits were so high!

[Rrita]

No offence Rrita,,, I never heard of Nominex but if they are member of Binance broker that is a good thing. I will make note of all of this.

I forget to mention about Phemex exchange. Phemex offers spot trading, Contract trading, Simulated trading and Volume(24h) $3,154,886,038 (65,095 BTC).

They also offer 2 BTC withdrawals per day for non-KYC users. Just talked with Customer support about this and the reply was:
Standard and Premium trial users can only withdraw up to 2 BTC per day. Withdrawal processing times are at 08:00, 16:00, and 24:00 UTC every day. Premium users have no withdrawal limits and enjoy hourly withdrawal reviews. For security purposes, each account must have at least one valid prior deposit (of any amount) and must have Google two-factor authentication (2FA) enabled prior to a withdrawal.

Now there is a promotional offer ongoing, PEMEX DEPOSIT DAZZLE Crypto Deposit Bonus up to $2,000 (TRADING BONUS).
Hope this information would be helpful for you.

[leea-1334]

No offence Rrita,,, I never heard of Nominex but if they are member of Binance broker that is a good thing. I will make note of all of this.

I forget to mention about Phemex exchange. Phemex offers spot trading, Contract trading, Simulated trading and Volume(24h) $3,154,886,038 (65,095 BTC).

Thanks again and yes the information is useful,,, except I have a hard time trusting new exchanges (or old ones I never heard of). It is already hard enough to trust CEXs especially but at least the Nominex you mentioned was a Binance broker, but what about Phemex? I guess now I am really surprised not to know the withdrawals were of such high limits.