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[Potato Chips]

Hold up. I thought there is no one-size-fits-all deadline as binance is implementing the withdraw-only in phases (for existing accounts) and we are to be informed about our account's deadline thru email.

So far I received no email from binance about this and so my account is still the same as usual, can deposit, can trade etc...

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[sheenshane]

How about they are rewarding now their clients just to proceed with KYC?
This is what I got a few hours ago from them,


It could lure their clients to sign up for KYC just for this reward.

So far I received no email from binance about this and so my account is still the same as usual, can deposit, can trade etc...

It might be your account wasn't active recently or just an old account but didn't active, beyond that, IDK.
They are actively sending me a notification message about KYC but I keep ignoring them and it seems now to get my interest with the BUSD giving upon complete KYC.

[Potato Chips]

https://i.imgur.com/BLrkI76.png

It could lure their clients to sign up for KYC just for this reward.

Got a similar voucher weeks ago. The catch is it's non-withdrawable and you'll only be getting the dust interest until it expires.

So far I received no email from binance about this and so my account is still the same as usual, can deposit, can trade etc...

It might be your account wasn't active recently or just an old account but didn't active, beyond that, IDK.
They are actively sending me a notification message about KYC but I keep ignoring them and it seems now to get my interest with the BUSD giving upon complete KYC.

Not a regular binance user but I do trade there from time to time. Last was a week ago.

[swogerino]

I think the limit for verified persons,normal verification,just a bank card and national id plus a selfie is not anymore 50.000 dollars daily but yet after making an withdraw is a huge limit of 100 Bitcoins in 24 hours which is great (not that I will ever have that amount of coins anyway).You can see in the picture here that the limit is extremely high and I hope this is not a bug from their side.

[hosseinimr93]

..........I hope this is not a bug from their side.

It's not a bug. That's how it should be. The withdrawal limit is 100 BTC per day for all verified accounts.
The 50,000 dollar you are referring to is fiat withdrawal limit and should still apply to your account. That can be increased to 200,000 dollar per day if you become a "Verified plus" user.


The image has been taken from my profile on binance.

[pugman]

Wasn't everyone's accounts who weren't verified turned to withdraw-only status? Cause it is for me, where I think I can only withdraw until mid october and I still have my daily BTC withdrawal rate of 2.0 BTC a day. Isn't it the same for everyone?

Also wanted to know, what are the thoughts of everyday binance users who didn't verify yet. Are y'all gonna verify or go find another exchange? Curious.

Yes, that happened yesterday but that was not the plan at first as I previously mentioned. They were supposed to simply lower the withdrawal limit and not enforce KYC.

Personally, I don't see myself verifying my identity unless, for some reason, I find myself stuck with no alternatives but for now, I would go with OKEX since I didn't have a good experience with Kucoin.

Whats your thoughts on OKEX? I have never used it, I would like to know how your experience with the platform has been thus far.

With that said, I don't know why Binance thinks giving 10$(??) for their users to verify their accounts is going to do any help? Regardless of the "gamified" way of getting you to verify yourself on their platform, their move towards adopting to KYC is gonna have two sides; those who chose to verify and those who don't. Not to mention the whole "500$" voucher bs. Very crappy imo.

One would think binance would have better ways to attract their customers given FTX and their partnerships in recent history but N O P E.

[tippytoes]

Wasn't everyone's accounts who weren't verified turned to withdraw-only status? Cause it is for me, where I think I can only withdraw until mid october and I still have my daily BTC withdrawal rate of 2.0 BTC a day. Isn't it the same for everyone?

Also wanted to know, what are the thoughts of everyday binance users who didn't verify yet. Are y'all gonna verify or go find another exchange? Curious.

Yes, that happened yesterday but that was not the plan at first as I previously mentioned. They were supposed to simply lower the withdrawal limit and not enforce KYC.

Personally, I don't see myself verifying my identity unless, for some reason, I find myself stuck with no alternatives but for now, I would go with OKEX since I didn't have a good experience with Kucoin.

Whats your thoughts on OKEX? I have never used it, I would like to know how your experience with the platform has been thus far.

With that said, I don't know why Binance thinks giving 10$(??) for their users to verify their accounts is going to do any help? Regardless of the "gamified" way of getting you to verify yourself on their platform, their move towards adopting to KYC is gonna have two sides; those who chose to verify and those who don't. Not to mention the whole "500$" voucher bs. Very crappy imo.

One would think binance would have better ways to attract their customers given FTX and their partnerships in recent history but N O P E.

Wondering what bad experience did OmegaStarScream has on kucoin? I have never used OKEX but used kucoin several times and had no problem with each of them. The withdrawal limit is still 5btc at the moment for unverified account in kucoin. But let us see if they will stick to this or lower down the daily limit or ask kyc also from all their users. But right now, for those who don't want to comply kyc in binance have no choice but find another good alternative that will pretty secure their funds.

[mindrust]

Lmao, surprise surprise.

Looks like the golden days of Binance are now over and people are simply going to move over to a better exchange that doesn't force them to take KYC now. CZ's probably going to try to minimise damage by stepping down too.

This was obviously an inevitability that any sane person would have seen coming from a mile away. Although the search for alternatives would be interesting - all dominant players in the marketplace right now are regulated and require KYC, and those who don't are simply way too shady.

That's not going to be the final solution though. People moved from Binance to say what, Kucoin, then what? I don't know on what country Kucoin operates but sooner or later they'll regulate Kucoin and force them to KYC their users also.

It is a whack a mole game and sooner or later it is we that are going to run out of moles.

[OmegaStarScream]

Whats your thoughts on OKEX? I have never used it, I would like to know how your experience with the platform has been thus far.

So far, my experience has been good. Maybe aside from the fact that they do wallet maintenance way too often, but that's just for one specific network that most people don't even use. Some thoughts from other members: https://bitcointalk.org/index.php?topic=5362964.0;topicseen

With that said, I don't know why Binance thinks giving 10$(??) for their users to verify their accounts is going to do any help? Regardless of the "gamified" way of getting you to verify yourself on their platform, their move towards adopting to KYC is gonna have two sides; those who chose to verify and those who don't. Not to mention the whole "500$" voucher bs. Very crappy imo.

I thought it's ridiculous as well, but I know I wouldn't be surprised if they were to give us some statistics, I've seen people give their documents for worthless airdrops.

Wondering what bad experience did OmegaStarScream has on kucoin? I have never used OKEX but used kucoin several times and had no problem with each of them. The withdrawal limit is still 5btc at the moment for unverified account in kucoin. But let us see if they will stick to this or lower down the daily limit or ask kyc also from all their users. But right now, for those who don't want to comply kyc in binance have no choice but find another good alternative that will pretty secure their funds.

https://bitcointalk.org/index.php?topic=5363447.msg58081806#msg58081806

I can't say it was the "worst" experience I had with an exchange. I experienced the worst with Bittrex but this was definitely a red flag because the screenshots I provided were taken after they asked for them. The problem here is... If they were willing to accept screenshots that I've taken after getting access to my account, then how come they refused to reset my trading passwords using my email and 2FA before that? Since that's the exact same I would need to enter my account and provide the documents they asked for.

[OmegaStarScream]

-snip-
I think it will happen in the coming days, but I am happy to move to kucoin for now. 5 BTC without kyc (they have lower volumes than binance but it is good)

I'm personally not concerned about the change since I'm mainly using OKEX but I thought I'd bump this topic since probably everyone here has switched to Kucoin already.

It appears that they decreased their limits to 1BTC per 24 hours and I wouldn't be surprised if they end up following Binance's steps and enforcing KYC on everyone in the upcoming weeks/months.