Do you already noticed about the changing of identity verification of Binance ?

[sujonali1819]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

Here is a portion of the article. To read it details plz visit the source link .



Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

[LimLims]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

Here is a portion of the article. To read it details plz visit the source link .



Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

Yes i have already seen about this notification.
They too notify me that do the verification and get 10 USDT instantly after verifying.
What will happen if we don’t verify the identity? I have currently 2500$ worth of BTC there at Binance.
Should I withdraw those before 19th ?
Or it should be fine? I haven’t done any KYC (except the email and phone number thing).
Waiting for some answers from someone trusted.

[sujonali1819]

Yes i have already seen about this notification.
They too notify me that do the verification and get 10 USDT instantly after verifying.
What will happen if we don’t verify the identity? I have currently 2500$ worth of BTC there at Binance.
Should I withdraw those before 19th ?
Or it should be fine? I haven’t done any KYC (except the email and phone number thing).
Waiting for some answers from someone trusted.

Same thing also happening with me . I have also some fund there. And Just noticed this notice. I did not also pass the KYC yet. But feel happy when see we have still more than one month to do it.

Btw What I am seeing in above screenshots that all new user need to pass KYC to use binance , and old user have some limited service open till 19/10/21 . And after that maybe account will be hold and they can not use the binance service and product before passing the KYC. That means it's always suggested to withdraw fund if you don't want pass KYC.

[BITCOIN4X]

Yes i have already seen about this notification.
They too notify me that do the verification and get 10 USDT instantly after verifying.
What will happen if we don’t verify the identity? I have currently 2500$ worth of BTC there at Binance.
Should I withdraw those before 19th ?
Or it should be fine? I haven’t done any KYC (except the email and phone number thing).
Waiting for some answers from someone trusted.

You can still make withdrawals even after October 19th. According to the published article, you will currently be limited to a number of things including withdrawals, order cancellations, position closing and redemption.

Source

Existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption.

Because your KYC is still at the basic level, then you must verify to the intermediate level so that the withdrawal limit become bigger. For the basic level verification you can only withdraw 0.06 btc or in crypto, while the intermediate level you will be able to withdraw 100 btc per day or $50K per day in fiat.

[sujonali1819]

Because your KYC is still at the basic level, then you must verify to the intermediate level so that the withdrawal limit become bigger. For the basic level verification you can only withdraw 0.06 btc or in crypto, while the intermediate level you will be able to withdraw 100 btc per day or $50K per day in fiat.

That means we will still be the same as now? For now Non KYC user withdrawal amount is 0.06 BTC. And this will remain the same after 19th Oct? That means the restriction will come from 19th oct and after that they will limit the account to use only some selected services? Such as withdraw, and order cancelation. Ok, Got it. I though it was applied since the article published.

[BitMaxz]

Yes i have already seen about this notification.
They too notify me that do the verification and get 10 USDT instantly after verifying.

Are you sure it has free 10USDT?
I haven't received 10USDT after intermediate verified or this is only for those who do not yet KYC verified?


I haven't received any notification about this actually but I'm intermediate verified a few months ago.

What will happen if we don’t verify the identity? I have currently 2500$ worth of BTC there at Binance.
Should I withdraw those before 19th ?
Or it should be fine? I haven’t done any KYC (except the email and phone number thing).
Waiting for some answers from someone trusted.

If you don't I believe they will hold your funds just like other exchanges do until your verified. So before it happens better withdraw them before the 19th.
Why not, just accept and verify your account? Are you doing money laundering? I'm actually happy to become one of the verified users I haven't experienced any issue yet. I just don't trust other exchanges than Binance. I only submitted my documents only on Binance and one of the BTC pool.

[huu78]

Am I the only one here who doesn't get it? this becomes a question for me, are they using this change because there is an error in their system and database?
I can't see the details because I didn't get any notification or email regarding this.

[Potato Chips]

That means the restriction will come from 19th oct and after that they will limit the account to use only some selected services? Such as withdraw, and order cancelation. Ok, Got it. I though it was applied since the article published.

Not exactly from Oct 19th. According from them, they will roll it out in phases from the day they published the said article thru Oct 19, 2021 (UTC) which means they will do a batch of people each time within that time frame and your account is most probably in line for it.

Existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption. This will be carried out in phases to minimise user-experience disruption, from now through 2021-10-19 00:00 AM (UTC). Existing users will be informed directly with more details. 

Like OmegaStarScream, you should receive an email before your account gets restricted but this is supposing no errors are made like delays, binance skipping you, etc...

I received an email yesterday asking me to verify my identity to receive a 10 USDT Cashback and if I don't before the 20th of this month, I won't be able to use my account for anything but withdrawals. Just bringing this to everyone's attention, in case you had plans to do some more trades there.

Please complete the verification process by 20-9-2021 11:59 PM (UTC), or your Binance account will be restricted to withdrawals only.

[Lanatsa]

Because your KYC is still at the basic level, then you must verify to the intermediate level so that the withdrawal limit become bigger. For the basic level verification you can only withdraw 0.06 btc or in crypto, while the intermediate level you will be able to withdraw 100 btc per day or $50K per day in fiat.

That means we will still be the same as now? For now Non KYC user withdrawal amount is 0.06 BTC. And this will remain the same after 19th Oct? That means the restriction will come from 19th oct and after that they will limit the account to use only some selected services? Such as withdraw, and order cancelation. Ok, Got it. I though it was applied since the article published.

They had posted that specific date on when this would be applied or integrated.When im using up their mobile app it really shown on running banner above about such KYC changes.

I had already complied kyc and already intermediate level that's why I don't really have any problems and hopefully there wouldn't be more changes about in depth kyc just like on what
they've been asking on Advanced kyc which do needs your address.

[Maus0728]

Are you sure it has free 10USDT?
I haven't received 10USDT after intermediate verified or this is only for those who do not yet KYC verified?

I haven't received it either. Maybe this was only for those people who still not comply with the updated KYC verification process. It was only last year, though, when I passed the "intermediate level" KYC process...

The only notification I have received is the funding wallet migration where it combines all of your funds from P2P to Gift cards into one place.

[crwth]

I did notice that they are making it even harder to use their services. I mean, it's no problem for me or for others to use KYC within their exchange because they are the leading crypto exchange. I'm complying with all the regulations needed, and their service is necessary to me.

For older users, I guess there are just some warnings that you will receive if you are not in the intermediate verified.

The only notification I have received is the funding wallet migration where it combines all of your funds from P2P to Gift cards into one place.

I second this. That's the only notification that I had. Probably because we are already verified?

[Maus0728]

I did notice that they are making it even harder to use their services

It's not like that "they are making it difficult for people to use their services" per se, because, perhaps, it is the government that forces binance to comply with the mandatory KYC to their community. Otherwise, they could get red-tagged by the government which could cause a lot of panic to everyone, while being called as an entity who launders money of their people.

And for someone who is a verified user, the only thing we could do is to trust them that they are making those information safe.

[The Cryptovator]

Yea noticed that during use Binance apps. But I can recall the matter has been discussed multiple times and most probably I were made the first thread. But yes, it's good you remind it again, and Binance giving notice to their users as well. I can't see any mail from them regarding that issue. I think it's quite important to do so because a few users would be out of apps so notice them through the mail and mobile number would speedup users action. My account was fully verified before and now it seems Intermediate Verified. But the limits are the same as before. Most probably that's why I hadn't received any mail or SMS.

[Wexnident]

Haven't exactly been notified yet, I'd reckon it should come in the following week? Might wait for them to actually restrict my account before complying just so that I can see it lmao. I don't have much activities going on for the month anyway.

Am I the only one here who doesn't get it? this becomes a question for me, are they using this change because there is an error in their system and database?
I can't see the details because I didn't get any notification or email regarding this.

It's just KYC level changes, they're pretty much requiring you to identify yourself now before you can even use their site, not really an error in their system. It's more like their site is becoming more and more renowned that they're adjusting the requirements for usage so that they can manage any issues that come up whenever a user has illegal activities or something.

[Kinghunter0071]

I don't get any mail about this from them but i think i get verified then when i registered.
I hope i don't have issue because my entire money is in Binance all because i trust the exchange i think being verify that's why i don't get any mail from them but my advice for anybody who is yet to verify is account should do that before it get out of hand.

[LimLims]

Are you sure it has free 10USDT?
I haven't received 10USDT after intermediate verified or this is only for those who do not yet KYC verified?


I haven't received any notification about this actually but I'm intermediate verified a few months ago.

I guess it’s only for the new unverified users. That’s why the users who have done the verification earlier aren’t got this mail or this notification.

So are you sure that I should withdraw the coins before the last date arrives? As they might hold my funds if I don’t do the KYC.
Moreover the reason for which i am not doing the KYC is that, BTC is illegal in my country. It might lead to some sort of legal actions against me.

[RokokGudangGaram]

Thank you for this information, I was really not aware of that it's because I already submitted my KYC document before. Few years back one of the best website that the scammer use is the Binance where they can easily create an account, trade their coins and exchange it to clean coins but I think its for security of the user.

[Ararbermas]

Ok now i know why the verified flag on my account was disappeared, well i have funds on binance and very active perhaps much better to follow the rules indeed binance is reliable when it comes KYC so its a good decision to apply immediately. By the way thanks Op because i used to ignored my notification from binance. Lol now i know what kind of messages it is. 

[sujonali1819]

Are you sure it has free 10USDT?
I haven't received 10USDT after intermediate verified or this is only for those who do not yet KYC verified?


I haven't received any notification about this actually but I'm intermediate verified a few months ago.

I guess it’s only for the new unverified users. That’s why the users who have done the verification earlier aren’t got this mail or this notification.

So are you sure that I should withdraw the coins before the last date arrives? As they might hold my funds if I don’t do the KYC.
Moreover the reason for which i am not doing the KYC is that, BTC is illegal in my country. It might lead to some sort of legal actions against me.

If you are not agree to do KYC then it should be withdrawn. Sooner or later it may create a problem for you. And to be honest I don't  not support / suggest someone to use a exchange as a wallet where you have no private key for your fund. If you are doing day trading with the fund then it’s okay. But if you just hold your btc or other coins in an exchange this is not a good idea at all.


Better to hold it on external wallet and keep your Private keys safe.

[Rigon]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

Here is a portion of the article. To read it details plz visit the source link .



Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

Yes, I noticed. The first step was to verify my Binance Account Low Quality.But after seeing this notice, I did the Intermediate Verification of my Binance Account later.Those of you who have not done Intermediate Verification of your Bananas Account will do it immediately.Otherwise you may have problems later.

[shield132]

Yes i have already seen about this notification.
They too notify me that do the verification and get 10 USDT instantly after verifying.

Are you sure it has free 10USDT?
I haven't received 10USDT after intermediate verified or this is only for those who do not yet KYC verified?


I haven't received any notification about this actually but I'm intermediate verified a few months ago.

Same here, I haven't heard anything about free 10 USDT after KYC verification but on binance app and on their website, it's announced that you can get 500 BUSD savings trial fund voucher (i.e. you will earn the interest from $500 for 7 days, it's almost nothing to be fair), on another hand it's a 7 day active $500 deposit that you can't withdraw.

Just in case someone needs, there are the latest announcements and prizes from Binance - https://www.binance.com/en/support/announcement/c-93?navId=93

Btw seems the era of no KYC takes last breaths.

[gabbie2010]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

Here is a portion of the article. To read it details plz visit the source link .



Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

Yes, I noticed. The first step was to verify my Binance Account Low Quality.But after seeing this notice, I did the Intermediate Verification of my Binance Account later.Those of you who have not done Intermediate Verification of your Bananas Account will do it immediately.Otherwise you may have problems later.

A lot of traders or hodlers might not be aware of the notification, I saw it on my binance platform though I had already been verified to intermidiate, however a lot of cryptocurrencies enthusiast always want to remain anonymous thus might prompt a lot of them to withdraw their coin from Binance and close their account, it's a pity Binance has to  be complaint to the standard required worldwide to the detrimental of anonymous users whose only option is to accept KYC or close their account.

[adzino]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

Here is a portion of the article. To read it details plz visit the source link .

-snip-

Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

I thought they did this a month or two ago? Binance services isn't available where I live. Can't even use Binance.us. So was using Binance.com until they started to force people to go through KYC and reduce withdrawal limit. Even though I received an email about changing my withdrawal limit to 0.06 BTC, it was never changed. It's still 2 BTC daily limit for me. I use it sometimes, but not for any large exchange. I don't trust bianance. You never know when they end up locking your account and getting your funds stuck over there forever because they don't support your state. I guess different countries are got them real good with regulation. Last time I read it was Singapore trying to sue binance for not following the countries law.

[haidil]

I have a balance above $1000 on Binance, but I don't visit it very often, in fact I keep my balance there. Do I need to check it first? Because I'm not too focused on trading lately, because looking at the market conditions you know from last week it's not good to sell BTC for my portfolio which has entered at a fairly high price, so I don't care about market price conditions for almost 3 weeks.

[DarkDays]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

Here is a portion of the article. To read it details plz visit the source link .



Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

Yes, Binance has now made another KYC verification announcement that they've now pinned to the top of the trading interface. This crack down on KYC began several months ago by greatly reducing the withdrawal limits to non-KYC users, then it came with new users must KYC to open new accounts and now this.

Clearly, they are taking this matter seriously and I wonder whether this will cost them a drop in the user base. What do you think?

[tvplus006]

...Clearly, they are taking this matter seriously and I wonder whether this will cost them a drop in the user base. What do you think?

According to the rating https://coinmarketcap.com/exchanges/binance/, the volume of trade on the Binance for the last 24 hours amounted to $90 billion. Even after the decrease in the number of participants, the trading volume will still be very high, and will provide a high profit for the exchange due to the commission. I think that the number of participants will be reduced due to traders with a small trading volume, because large traders were forced to pass verification earlier.

[noorman0]

I have withdrawn almost 70% of my coins from Binance and it is still progressing to 100%. I still have a lot to think about why I should KYC on Binance even though I honestly like trading there the most. I still have a few favorite exchanges to trade on. If they end up requiring KYC, I'll go back to Binance and be forced to give up my identity (I'll avoid it as much as I can).

[hugeblack]

I've withdrawn all my coins and left $10 in that account since the date verification was announced.
You will be stupid if you continue to trust them especially after the drastic and rapid changes in identity verification.
The date mentioned on that date is the last, but they have several levels of user evaluation and the withdrawal limits for my account were less than the limits mentioned in the previous announcement.
The good side is that they inform the users in sufficient time.

[ethereumhunter]

I have a balance above $1000 on Binance, but I don't visit it very often, in fact I keep my balance there. Do I need to check it first? Because I'm not too focused on trading lately, because looking at the market conditions you know from last week it's not good to sell BTC for my portfolio which has entered at a fairly high price, so I don't care about market price conditions for almost 3 weeks.

I think you can check it later to see you are allowed to trade or you could only withdraw your balance and move to the other wallets. But I guess you can still trade but I think you can verify your account so you do not have a problem later. Maybe the best thing that members can do is withdraw their funds to prevent account locking by Binance.

I did not know about the news as I have my account verified from a long time ago, so my account is not a problem. Maybe Binance wants their members to pass verification. But if Binance is still forcing their members to pass KYC, I think they will move their funds to the other exchange that does not require KYC to trade with a large amount of money.

[bamb]

Binance is aggressively pushing for kyc for all it's customers.  There are various lawsuit against binance exchange from different jurisdiction and this might have led to the compulsory kyc for customers. I rarely use centralized exchange these days,  I trade my btc on different side chain which are very fast and cost less to trade!

[savetheFORUM]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

So binance.com has finally decided to start requiring Identity verification from users? this year there has been a lot of news on binance being banned from operating in a few countries. I can’t really say what the issue was with them and those countries, is it possible that it is something that has to do with the way they operate? So, I guess they are now trying to maybe fitting with the requirements of the government. Which means that they will start requiring serious KYC from now on.

Anyways, I have already verified my account on binance, and I am seeing people who are saying that they have been promised a reward once they verify their Binance.com account.

[Mahanton]

Binance is aggressively pushing for kyc for all it's customers.  There are various lawsuit against binance exchange from different jurisdiction and this might have led to the compulsory kyc for customers. I rarely use centralized exchange these days,  I trade my btc on different side chain which are very fast and cost less to trade!

You can make out transactions without touching up centralized platforms specially with p2p but not all would really be that confident on doing so and also you do still end up on touching fiat/crypto transactions
which simply means that you would really be or likely to touch up with CEX but if you do able to make yourself to make out some conversion to fiat without doing any KYC then its good.Its just understandable
on what are the things that Binance is really experiencing as of this moment.They might like for them to be a non strict exchange when it comes to KYC because crypto isnt really something that looks appealing with that
and into its users or the community itself but due to on being regulated then they would need to follow or else this would put the business on risk.

[jrrsparkles]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

Here is a portion of the article. To read it details plz visit the source link .



Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

If this notification keep popping up means you are yet to verify and you can't really do anything to stop this notification unless you verify it after accepting their changes regarding KYC. This change will really affect the trading volume of Binance for sure because people choose to trade on Binance due to no KYC for 2 BTC and below withdrawal everyday.

Users who are not ready to accept this change cam withdraw their funds as soon as possible or else they may fave delayed withdrawal.

[tvplus006]

Binance is aggressively pushing for kyc for all it's customers.  There are various lawsuit against binance exchange from different jurisdiction and this might have led to the compulsory kyc for customers. I rarely use centralized exchange these days,  I trade my btc on different side chain which are very fast and cost less to trade!

Thus, Binance will become the first regulated exchange from Tier #1. And this will allow the exchange to be in the legal field, which will entail access in those countries in which Binance is currently prohibited. In addition, against this background, the price of the BNB exchange coin can also grow significantly.

[lalabotax]

This change really makes me uncomfortable. Why did they suddenly change the identity verification and make it harder? Do you guys feel this strongly ruins the decentralization slogan in crypto? To be honest, I don't see the urgent need of the Binance team to change this verification requirement to all the users. CZ must explain to us what's happening with this new verification idea.

[jerry0]

So I opened a binance account a while back.  I did a few trades and after that, I just kept my coins there. 


How many verification on binance could you have?  Obviously if you are fully verified, you can withdraw the max amount.  But for people who did not do verification, is the btc withdraw limit still 0.06 btc at the moment?



So if you don't plan to submit any verification documents, make sure you withdraw your balance by that date, otherwise you can't withdraw?  Can anyone confirm this?


I remember last time they had that message of if you aren't verified by a certain date, you could only withdraw up to 0.06 btc and thats it.  But I didn't bother with it since I wouldn't mind withdrawing my balance in one or two times etc.


Can anyone else confirm this?  So basically if you do not plan to send in verification documents, make sure you withdraw your coins soon?  So at the moment, we can't even do trades?

[jerry0]

Also what account verification am I on?  I never submitted any KYC documents.  So I am basic non KYC right?  But you cannot go below that... correct?


So how many total verification is there on binance?


Non KYC basic
KYC Intermediate
KYC Advanced?



Is that accurate?



Also could people who never submitted KYC documents at the moment still trade?  I am considering trading my altcoin for btc or usdt/usdc and then cashing out.


Also the 0.06 btc withdraw limit... so if you withdraw an altcoin or usdt/usdc... its basically whatever is equal to the 0.06 btc withdraw limit?

[jrrsparkles]

Also what account verification am I on?  I never submitted any KYC documents.  So I am basic non KYC right?  But you cannot go below that... correct?


So how many total verification is there on binance?


Non KYC basic
KYC Intermediate
KYC Advanced?



Is that accurate?



Also could people who never submitted KYC documents at the moment still trade?  I am considering trading my altcoin for btc or usdt/usdc and then cashing out.


Also the 0.06 btc withdraw limit... so if you withdraw an altcoin or usdt/usdc... its basically whatever is equal to the 0.06 btc withdraw limit?

This is all about the upcoming changes in their policies not about the current scenario and it seems they are going to implement these changes in the multiple phases so you can keep trading there until you account get into their policy change.

If they made changes then you can't be able to continue your trading activities unless you submit KYC details but if you are not ready to accept the changes then you are free to withdraw your funds available there as per mentioned in OP.

[checkmatesir]

First of all, Thank you for the information, as well as getting into the binance exchange , the security of binance is going to tough and it has been improving with time to time, which is not easy for a hacker to open it clearly or even easy, It all depends upon the users that how can he manage it, but binance has even a good security now I must say.

[jrrsparkles]

First of all, Thank you for the information, as well as getting into the binance exchange , the security of binance is going to tough and it has been improving with time to time, which is not easy for a hacker to open it clearly or even easy, It all depends upon the users that how can he manage it, but binance has even a good security now I must say.

You can't say that it will never happen and FYI binance already hacked also they stole funds but binance covered the hacked funds with their SAFU and ensure their customers are not affected by the hack. Thinking that someone will steal your information from binance is secondary all you need to worry is what if binance itself change their attitude in future and sell your data for huge money.

[jerry0]

Also what account verification am I on?  I never submitted any KYC documents.  So I am basic non KYC right?  But you cannot go below that... correct?


So how many total verification is there on binance?


Non KYC basic
KYC Intermediate
KYC Advanced?



Is that accurate?



Also could people who never submitted KYC documents at the moment still trade?  I am considering trading my altcoin for btc or usdt/usdc and then cashing out.


Also the 0.06 btc withdraw limit... so if you withdraw an altcoin or usdt/usdc... its basically whatever is equal to the 0.06 btc withdraw limit?

This is all about the upcoming changes in their policies not about the current scenario and it seems they are going to implement these changes in the multiple phases so you can keep trading there until you account get into their policy change.

If they made changes then you can't be able to continue your trading activities unless you submit KYC details but if you are not ready to accept the changes then you are free to withdraw your funds available there as per mentioned in OP.

Well aren't they going to implement these changes in a month though?  It does give a date in that message when you check the binance site.


Again I never sent in verification documents.  So that means for the next month or so, I could still withdraw up to 0.06 btc a day without any issue right? 


So if I do not plan on submitting KYC, then make sure i withdraw my balance within a month... is that correct?  Otherwise i wouldn't be able to withdraw anything at all once that day comes? 

[jrrsparkles]

snip~

Well aren't they going to implement these changes in a month though?  It does give a date in that message when you check the binance site.


Again I never sent in verification documents.  So that means for the next month or so, I could still withdraw up to 0.06 btc a day without any issue right? 


So if I do not plan on submitting KYC, then make sure i withdraw my balance within a month... is that correct?  Otherwise i wouldn't be able to withdraw anything at all once that day comes? 

I am not sure that, they already started to rollout their policy changes already or not but it may happen anytime maybe in a month or later.

But since you are an existing user there will be no issues for you to withdraw whatever funds you have.

[jerry0]

I been an existing user for a long time at binance.  But if i don't submit KYC documents by next month, doesn't that mean I wouldn't be able to withdraw my funds though?  That seem to be what the message is saying?

[nelson4lov]

I been an existing user for a long time at binance.  But if i don't submit KYC documents by next month, doesn't that mean I wouldn't be able to withdraw my funds though?  That seem to be what the message is saying?

No. Not at all. According to Binance:

Existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption.

So basically, the only thing you can do from a non KYC account like yours is only to withdraw and nothing more. I'm unclear about if there's a deadline but I'm not sure there is considering Binance can't be penalized for such as they already restricted users to all aspects of their platform - Futures, p2p, etc.

[Hamphser]

I been an existing user for a long time at binance.  But if i don't submit KYC documents by next month, doesn't that mean I wouldn't be able to withdraw my funds though?  That seem to be what the message is saying?

When you do read up;

Existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption.

You do only have 1 month starting from now for you to verify or have KYC for your account permissions to stay up on normal or the way it works  and its clearly stated.

Pasting the same source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
 

[Potato Chips]

Binance is under a lot of pressure from authorities, it wouldn't be weird if they take back their NO kyc but withdraw OK promise. Best to not feel secure about this and withdraw funds ASAP if you're someone who doesn't want to verify their account.

and IIRC @jerry0 is a US person (?), another reason to withdraw ASAP if so.

[sheenshane]

Binance is under a lot of pressure from authorities, it wouldn't be weird if they take back their NO kyc but withdraw OK promise. Best to not feel secure about this and withdraw funds ASAP if you're someone who doesn't want to verify their account.

and IIRC @jerry0 is a US person (?), another reason to withdraw ASAP if so.

Dont leave any if you have an account in Binance, withdraw it as long as possible until the deadline comes.

On the Binance side, there's nothing they can do is to follow the financial regulators that now targeted those big exchange companies like Binance and next to other's who did not comply with KYC but it is a centralized exchange.

The heavy regulation has occurred to Binance because it is being accused by the authorities that they are helping unknown large transactions and accepting tips from it which is not a good idea.  It could be from the money laundering issues.  Just withdraw your fund on Binance and transfer it quickly to your Bitcoin wallet.

[jerry0]

Okay so can others confirm this then?


So if you do not plan to submit any KYC to binance and you have coins there... you should withdraw it within the next month correct?  Whether its btc, altcoins or whatever it is?


But are we allowed to trade btc or altcoins or other coins before we withdraw?  Or we cannot?  Again im talking about people who never submitted any KYC.  Also the max withdraw is 0.06 btc right?  So if you withdraw an altcoin, the max you can withdraw in one day is equal to 0.06 btc?  So if someone had like 0.5 worth of btc on binance to make it simple and do not plan on submitting KYC, they should be withdrawing the max 0.06 btc for the next 9 days etc?


So what if you have some a few altcoins and btc but tiny amount?  But that total amount is say a bit more than 0.06 btc total if you add the altcoins and btc etc? 


Just withdraw the max one day and then the rest the next day?  I have altcoin and a very tiny amount of btc there.

[Kong Hey Pakboy]

You can just do the level one verification of Binance, it's not like you're shelling in and out thousands of bitcoin, their most basic one is already good enough with 2 bitcoin as the largest withdraw limit for the day.

[jrrsparkles]

Okay so can others confirm this then?


So if you do not plan to submit any KYC to binance and you have coins there... you should withdraw it within the next month correct?  Whether its btc, altcoins or whatever it is?


But are we allowed to trade btc or altcoins or other coins before we withdraw?  Or we cannot?  Again im talking about people who never submitted any KYC.  Also the max withdraw is 0.06 btc right?  So if you withdraw an altcoin, the max you can withdraw in one day is equal to 0.06 btc?  So if someone had like 0.5 worth of btc on binance to make it simple and do not plan on submitting KYC, they should be withdrawing the max 0.06 btc for the next 9 days etc?


So what if you have some a few altcoins and btc but tiny amount?  But that total amount is say a bit more than 0.06 btc total if you add the altcoins and btc etc? 


Just withdraw the max one day and then the rest the next day?  I have altcoin and a very tiny amount of btc there.

Yes, if you don't have a plan to submit KYC to binance then better withdraw your funds ASAP and if you have something like 5BTC then if its not possible to withdraw the funds in the one month period then you can still withdraw them after the time because as per OP the existing users are allowed to withdraw their funds completely.

The same goes to the altcoin as well, you can keep withdrawing everyday until you hit the complete wipeout.

[tvplus006]

...But are we allowed to trade btc or altcoins or other coins before we withdraw?  Or we cannot?  Again im talking about people who never submitted any KYC. ...

Currently, traders who have not passed the verification on the Binance can no longer trade on the exchange. For such traders, only the withdrawal of their funds from the exchange is available. But if you change your mind and still decide to pass KYC, then after passing the verification, trading will be available to you again.

[SquallLeonhart]

You can just do the level one verification of Binance, it's not like you're shelling in and out thousands of bitcoin, their most basic one is already good enough with 2 bitcoin as the largest withdraw limit for the day.

I do understand people who do not want to give their KYC to casinos because it is a casino and you may not want to have your information there, but I do not get it when it is in the exchange world. At the end of the day we are talking about exchanges, if it is illegal in your nation then you will not use it anyway, but if it is legal then all you have to do is give a few of your address, name etc etc and also show your face on binance app, that is literally it for the base one.

You could go with higher one with ID and so forth and get a bigger deal, but for the base one you just have to write some info and show your face to an app, how hard is that? Like I said, KYC is not something I like doing neither for casinos, but for binance? They are trustworthy enough to give a few info and a picture, that is not really too much to ask to participate to the biggest crypto exchange in the world.

[Fredomago]

You can just do the level one verification of Binance, it's not like you're shelling in and out thousands of bitcoin, their most basic one is already good enough with 2 bitcoin as the largest withdraw limit for the day.

I do understand people who do not want to give their KYC to casinos because it is a casino and you may not want to have your information there, but I do not get it when it is in the exchange world. At the end of the day we are talking about exchanges, if it is illegal in your nation then you will not use it anyway, but if it is legal then all you have to do is give a few of your address, name etc etc and also show your face on binance app, that is literally it for the base one.

You could go with higher one with ID and so forth and get a bigger deal, but for the base one you just have to write some info and show your face to an app, how hard is that? Like I said, KYC is not something I like doing neither for casinos, but for binance? They are trustworthy enough to give a few info and a picture, that is not really too much to ask to participate to the biggest crypto exchange in the world.

Still opinion based and self explanatory, but in the sense of doing business completing KYC increased your capabilities to use Binance services, with how I understand for those who don't huge amount of assets by completing the level 1 already allows you to deal up to 2btc enough for small traders to consume per daily transactions.

In your case, I agree that Binance gained trust from more users and those who really actively using this exchange there's no problem in completing KYC.

Your investment your decision to make. Just do your own research and weight the pro and con, then decide from how you understand the purpose.

[Potato Chips]

So if you do not plan to submit any KYC to binance and you have coins there... you should withdraw it within the next month correct?  Whether its btc, altcoins or whatever it is?

The best time would be this instant. But if you're prepared for a much greater risk, you can wait before your account becomes withdraw only. Note that not everyone has the same deadline, binance should inform you thru email, should look like this:

I received an email yesterday asking me to verify my identity to receive a 10 USDT Cashback and if I don't before the 20th of this month, I won't be able to use my account for anything but withdrawals. Just bringing this to everyone's attention, in case you had plans to do some more trades there.

Please complete the verification process by 20-9-2021 11:59 PM (UTC), or your Binance account will be restricted to withdrawals only.

But are we allowed to trade btc or altcoins or other coins before we withdraw?  Or we cannot?  Again im talking about people who never submitted any KYC.  Also the max withdraw is 0.06 btc right?  So if you withdraw an altcoin, the max you can withdraw in one day is equal to 0.06 btc?  So if someone had like 0.5 worth of btc on binance to make it simple and do not plan on submitting KYC, they should be withdrawing the max 0.06 btc for the next 9 days etc?

So what if you have some a few altcoins and btc but tiny amount?  But that total amount is say a bit more than 0.06 btc total if you add the altcoins and btc etc? 

Just withdraw the max one day and then the rest the next day?  I have altcoin and a very tiny amount of btc there.

The daily withdrawal limit depends per account, you can check yours by going to the withdrawal page of any coin. Also, yes, if your limit is .06BTC and have more than .06BTC, the excess would have to go thru the next day.

You should still be able to trade unless your account becomes withdraw-only or you have other situation which only applies to you e.g. suspicious account flag

[jerry0]

I'm confused by the two different explanations on this.


As of now, I never submitted any KYC.  So as of now I could withdraw up to 0.06 btc a day until that date.  But if i do not plan on submitting any KYC, i should withdraw the max everyday.  Though I wouldn't need to do that since I don't have that much there.


But as of now... is my account WITHDRAW Only?  Someone mention if i wait longer, then my account would be withdraw only... but isn't that my account status already at the moment?



I cannot do any trade at the moment with my account right?  So if after that date, I still did not withdraw my funds, does that mean I cannot withdraw if I don't submit any KYC after that date?



Also wouldn't this mean if someone can't submit KYC due to their country restriction or say they used a fake name, they need to withdraw their entire balance before that date since they won't pass the KYC?  But if they have a high balance where even withdrawing 0.06 btc a day everyday wouldn't be enough to withdraw their entire balance, then they are screwed so to speak? 

[jerry0]

I got an email that said to continue using binance, i must verify my account within a certain date... otherwise, your account permissions will be temporarily changed to withdraws only.


Does this mean right now at the moment, I could still trade?  Yes or No?

[Hamphser]

I got an email that said to continue using binance, i must verify my account within a certain date... otherwise, your account permissions will be temporarily changed to withdraws only.


Does this mean right now at the moment, I could still trade?  Yes or No?

Just as i had said earlier above : https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

New users would definitely need to verify for you to able to make use of their services including trading but if you are an old one and isnt still verified then you could still
make use of their service including trade until on the given time that they had stated.

[tbct_mt2]

I got an email that said to continue using binance, i must verify my account within a certain date... otherwise, your account permissions will be temporarily changed to withdraws only.


Does this mean right now at the moment, I could still trade?  Yes or No?

You can log in your account and check it. You will know that you can trade or not if you are still not verified.

I think if Binance announced that your account is already restricted, you will no longer be allowed to trade. You can make withdrawal only if you reject to do your identity verification.

[jerry0]

Is there a way to confirm if ones binance account cannot be allowed to trade and can withdraw only?



I logged into my binance account and went to classic trade and went to see if i could trade my altcoin for btc.  Thus it seem like i could click on sell that altcoin.  But when you click on sell altcoin... does it automatically trade to btc?  Or it ask for confirmation?  Just want to make sure.



Do you recommend me to sell the altcoin for btc or stablecoin or just withdraw the altcoin?



When i look at withdrawing btc... i literally have like 8 dollars worth of btc only on binance.  When i went to withdraw btc... it ask what network?  How come the first two network cost like under twenty cents but the btc cost like 0.0005 btc?  So which would one choose then?  Again... i dont even have 0.0005 btc balance.



I have around 2000 usd worth of an altcoin on binance and about 8 dollars worth of btc on binance. 



How do you recommend i withdraw this?  Seems like i could even withdraw my whole balance at once with the 0.06 btc withdraw limit.



My options seem to be



Sell that 8 dollar worth of btc for that usdt/usdc?   Then withdraw either the usdt/usdc and the altcoin to my wallet?


Sell that 8 dollar worth of btc for that same altcoin I have.  Then withdraw that altcoin whole balance?


Sell the altcoin for btc.  That altcoin can only be traded for BTC or ETH.  Then withdraw the whole btc balance?


Sell the altcoin for btc.  Then sell my btc for either usdt or usdc.  Then withdraw either the usdt/usdc?




What is my best option here?  My issue with keeping that altcoin is im not sure if i could even sell it in the future because I cannot use many exchanges.  It is also an ETH coin so people say im going to pay lot of fees.


But if i trade it all for usdt/usdc... wouldn't i incur lot of fees as well?  I mean i dont mind keep usdt or usdc as its a stablecoin.

[Rafae]

This is probably a question that remains open, and indeed, there are many nuances that I wanted to know about.

[Potato Chips]

I got an email that said to continue using binance, i must verify my account within a certain date... otherwise, your account permissions will be temporarily changed to withdraws only. Does this mean right now at the moment, I could still trade?  Yes or No?

Normally, you would still be able to trade until your given deadline has passed.

You can always do a test trade using the lowest possible amount to double check. What you wanna do is place an order that is near impossible to be filled immediately so you will still have an ample time to cancel it in case the order is successfully placed. The easiest way to do this would be to sell at the lowest price, for instance lets say 123 coin sells at 300 satoshis, you can try to place a sell order at 1 satoshi. If your account is withdraw-only, you should not be able to successfully place an order.

What is my best option here?  My issue with keeping that altcoin is im not sure if i could even sell it in the future because I cannot use many exchanges. It is also an ETH coin so people say im going to pay lot of fees.

Hmmm. I say check if this is true first, there are a lot of no-kyc DEXs for erc-20 tokens

1. Look up your coin/token in coingecko then check its 'markets'
2. Pick a DEX and check directly, see https://www.coingecko.com/en/dex

Note: dyor before you trust any of these exchanges

[jerry0]

I got an email that said to continue using binance, i must verify my account within a certain date... otherwise, your account permissions will be temporarily changed to withdraws only. Does this mean right now at the moment, I could still trade?  Yes or No?

Normally, you would still be able to trade until your given deadline has passed.

You can always do a test trade using the lowest possible amount to double check. What you wanna do is place an order that is near impossible to be filled immediately so you will still have an ample time to cancel it in case the order is successfully placed. The easiest way to do this would be to sell at the lowest price, for instance lets say 123 coin sells at 300 satoshis, you can try to place a sell order at 1 satoshi. If your account is withdraw-only, you should not be able to successfully place an order.

What is my best option here?  My issue with keeping that altcoin is im not sure if i could even sell it in the future because I cannot use many exchanges. It is also an ETH coin so people say im going to pay lot of fees.

Hmmm. I say check if this is true first, there are a lot of no-kyc DEXs for erc-20 tokens

1. Look up your coin/token in coingecko then check its 'markets'
2. Pick a DEX and check directly, see https://www.coingecko.com/en/dex

Note: dyor before you trust any of these exchanges

Can you tell me the steps to do the first part on binance?  Any trade i ever did with binance... i had traded with what is available so it immediately went through.


So what you want me to to is a limit order as oppose to market order?

[Potato Chips]

So what you want me to to is a limit order as oppose to market order?

That's right, here's a tutorial how to: What is a Limit Order & How to Set It on Binance

and in case your order was placed and you wanna cancel it:

(In classic layout)

1. Scroll down and you should see an order book
2. Make sure you're on 'Open Orders'
  -if you're confused, you can see the guy in the video I linked looking at his open orders at 1:16
3. Look for the order you just made and on its right, you can hit 'Cancel'

[airdata]

Actually already i verify my Binance Exchange account in many time ago, i think when i create my account, then i verify my account. I see that many Non-Verified user received this Notification regarding of KYC verification.             

[Chato1977]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

Here is a portion of the article. To read it details plz visit the source link .



Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

i did not comply with this because i have problem sending photo using my Mobile but still i can access and deposit,withdraw and convert , i don't know in trading since i have not tried recently .
maybe next week when I'm free i'll check the details and will try trading.

[bittraffic]

This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.

Here is a portion of the article. To read it details plz visit the source link .



Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

i did not comply with this because i have problem sending photo using my Mobile but still i can access and deposit,withdraw and convert , i don't know in trading since i have not tried recently .
maybe next week when I'm free i'll check the details and will try trading.

I ignored it too but still, I can buy and sell ADA just two days ago. What puzzled me is that I have verified my account a long time ago but I still got this notification to verify my account. But this is on the phone app, login into the browser to the binance account didn't notify me with this message. I can only assume, they sent the message to everyone using the app.  If I have a non-verified account and wanted to move out, my option would be the trust wallet so I still could trade in the dex.

[jerry0]

Can people here who still have not completed any verification yet such as not send any verification documents at all to binance can confirm... they can still trade at the moment?


Would like feedback from these people.

[zanezane]

I did notice it, I only have the lowest verification level in Binance and then this week, I suddenly became unverified which isn't really a problem after all since I can still do transactions with a really high limit.

[Potato Chips]

Confirming my unverified account can still trade but that's because they haven't given me a deadline yet-- which seems to be given thru email

From what I understand, there is no one size fits all deadline

Not exactly from Oct 19th. According from them, they will roll it out in phases from the day they published the said article thru Oct 19, 2021 (UTC) which means they will do a batch of people each time within that time frame and your account is most probably in line for it.

Existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption. This will be carried out in phases to minimise user-experience disruption, from now through 2021-10-19 00:00 AM (UTC). Existing users will be informed directly with more details. 

[tbct_mt2]

Confirming my unverified account can still trade but that's because they haven't given me a deadline yet-- which seems to be given thru email

From what I understand, there is no one size fits all deadline

If you still can trade with unverified account, what does the Binance message means when they warned that user has to verify account within 48 hours. If not, account will be restricted.

With unverified account, you can still trade, I know but for unverified account and also receive notification via email like above, will be able to trade?

I believe unverified and restricted account will not allow to trade.

[sujonali1819]

Confirming my unverified account can still trade but that's because they haven't given me a deadline yet-- which seems to be given thru email

From what I understand, there is no one size fits all deadline

If you still can trade with unverified account, what does the Binance message means when they warned that user has to verify account within 48 hours. If not, account will be restricted.

With unverified account, you can still trade, I know but for unverified account and also receive notification via email like above, will be able to trade?

I believe unverified and restricted account will not allow to trade.

Where they did that Unvaried user will be restricted within 48 hours? I don't know about this even I have not notified about it through email or App push notification. What they said unverified user will be limited access after 19 Oct this year. So still about 20+ days remaining. So it's normal that still unverified user is able to trade and buy/sell.

[zahed]

Yes i have already seen about this notification.
They too notify me that do the verification and get 10 USDT instantly after verifying.
What will happen if we don’t verify the identity? I have currently 2500$ worth of BTC there at Binance.
Should I withdraw those before 19th ?
Or it should be fine? I haven’t done any KYC (except the email and phone number thing).
Waiting for some answers from someone trusted.

Binance showing this notification in their site homepage also if opening apps so we can't ignore that. I have using their app and here i have seen 500$ busd for account verification. I have so pretty small worth coins so i don't worried. Still enough time to get verify i will submit kyc data in few days.

[perfect999]

If you still can trade with unverified account, what does the Binance message means when they warned that user has to verify account within 48 hours. If not, account will be restricted.

With unverified account, you can still trade, I know but for unverified account and also receive notification via email like above, will be able to trade?

I believe unverified and restricted account will not allow to trade.

Where they did that Unvaried user will be restricted within 48 hours? I don't know about this even I have not notified about it through email or App push notification. What they said unverified user will be limited access after 19 Oct this year. So still about 20+ days remaining. So it's normal that still unverified user is able to trade and buy/sell.

This is very strange because I receive this message nearly one month back and now deadline is end for me, so now I am not able to deposit, and my trading is also frozen as I contact with support I have reply please first verify your account then you will be able to trade and deposit right now just withdrawals are available for me.

It means now I can only withdraw my funds from this exchange it's terrible, but recently they are facing some very stick orders from different jurisdiction about this all, so now they are doing this all even in few countries they are going to close their business because of few regulations by local authorities.

[tvplus006]

I did notice it, I only have the lowest verification level in Binance and then this week, I suddenly became unverified which isn't really a problem after all since I can still do transactions with a really high limit.

For you, trading on the Binance will end on October 19, when, according to the rules, trading for old users who have not passed verification will be suspended. After trading is suspended, you will have the opportunity to withdraw your money from the exchange, or pass verification.

[Rengga Jati]

-

Yes, for Existing users, we must also do KYC verification or we can't trade and we can have “Withdraw Only”.

So far, there are still many pros and cons with this new regulation about KYC verification. For, many people chose Binance at that time because to make a more anonymous identity by not doing KYC> But this new regulation will change anything.

And everybody has their right and decision to do that KYC or not.

I personally have done this KYC because I have been enjoying enough trading in Binance and using some features of this, including its P2P.
There is no perfect technology and it may be too risky because using my identity, but that's my decision.  

*edited the quote

[AmoreJaz]

Yes, for Existing users, we must also do KYC verification or we can't trade and we can have “Withdraw Only”.

So far, there are still many pros and cons with this new regulation about KYC verification. For, many people chose Binance at that time because to make a more anonymous identity by not doing KYC> But this new regulation will change anything.

And everybody has their right and decision to do that KYC or not.

I personally have done this KYC because I have been enjoying enough trading in Binance and using some features of this, including its P2P.
There is no perfect technology and it may be too risky because using my identity, but that's my decision.  

i believe this tough move of binance is to prepare their platform for whatever they may encounter in the future in terms of government protocols that they are operating with. initially they greatly reduced to 0.06BTC daily withdrawal limit for nonverified users. but now, they are now requiring all users to be kyc verified. this may affect a lot of users of this exchange but if you are happy with their services, you have no choice but to comply with this new requirement. more then likely, other exchanges will follow such move or reducing the daily withdrawal limit of their users.

[jerry0]

Did anyone else get another binance email where the date to submit all verification is now October 4 instead?  I got this email and even saw someone mention this on reddit?


But i also had that email about it being October 19 not long ago.


So some people have to do verification even faster?

[onecall123]

So, I have a Binance account and I was at a time "intermediate verification," required me to upload my photo ID and to use face recognition. The KYC verification process appears to be mandatory as all users are required to be verified before using the Binance platform. The new requirement will undoubtedly lose many customers, however, Binance has a big and well-respected brand and users can happily accept new requirement.

[Potato Chips]

Confirming my unverified account can still trade but that's because they haven't given me a deadline yet-- which seems to be given thru email

From what I understand, there is no one size fits all deadline

If you still can trade with unverified account, what does the Binance message means when they warned that user has to verify account within 48 hours. If not, account will be restricted.

The answer lies in what you quoted 

[sujonali1819]

Did anyone else get another binance email where the date to submit all verification is now October 4 instead?  I got this email and even saw someone mention this on reddit?


But i also had that email about it being October 19 not long ago.


So some people have to do verification even faster?

Just I have checked again my email but did not received any warning about verification dead line recently. But I have tried to verify today. But the account is still showing unverified. Don't know actually how much time take it to finis.

Anybody here, can you share any experience of doing verification recently? How much time they take normally?

[Rengga Jati]

-snip-
i believe this tough move of binance is to prepare their platform for whatever they may encounter in the future in terms of government protocols that they are operating with. initially they greatly reduced to 0.06BTC daily withdrawal limit for nonverified users. but now, they are now requiring all users to be kyc verified. this may affect a lot of users of this exchange but if you are happy with their services, you have no choice but to comply with this new requirement. more then likely, other exchanges will follow such move or reducing the daily withdrawal limit of their users.

Yeah, we all know these current years may be a hard year for Binance, they seem to face some certain regulations, some accusations, and limitations in various countries. Even Binance was banned in several countries because of the absence of official registration in the country.
That's also my opinion, as long as they still serve good services, features, and programs, why not.
And exchanges may be continuous to change, some other exchanges may also renew their terms and conditions some day later. Just prepare about it. DO whatever we like and we consider the best, everybody may have a different view and decision about this, all for the personal best.

[Hamphser]

Of course I noticed the announcement from Binance exchange authority that they would not permit any volatile account that not verified secondary verification untill 19/10/2021. If you have not verified secondary Verification, then you should verify as soon as possible.

When you are already an old unverified user and since it would really result into prohibition of some services or lets say almost whole of the functions then that would really leave you no choice but to comply if you do

still wish to make use of their platform but if not then you would need to find another platform which would suits out your needs or preference but looking up around then we cant really deny that Binance

is the top exchange as of this moment.I dont see that much to be a big issue for you to deal with KYC verification on this platform.I dont see that much of a problem.

[jerry0]

Did anyone else get that new binance email where the last day to submit verfication is now tomororw?  I saw on reddit one person posted this as well.  So some ppl are different?

[otundebis]

Binance is getting serious about kyc and the ambition that binance has is making binance to want to comply with authority in different jurisdictions. I was able to kyc and upgrade my account almost immediately after I decided to kyc!  I noticed that the process was very smooth and the technical aspect of verification was very effective. 

[samcrypto]

Did anyone else get that new binance email where the last day to submit verfication is now tomororw?  I saw on reddit one person posted this as well.  So some ppl are different?

As stated on the OP is will be on October 19, so for those who are still not submitting their KYC might experience some problem later on. I also received a notification even if I’m already a verified user, I guess that notification is for everybody but since I’m already verified there’s no need for me to fill up the forms again. The current regulations pressure to Binance make this thing mandatory, I believe many exchanges will soon implement this one as well.

[livingfree]

They're not removing that notice for everyone to be aware of it. This is what we don't like when it comes to the known exchanges.

Some new exchange that have a good limit even without KYC will emerge and will compete Binance on this thing.

Did anyone else get that new binance email where the last day to submit verfication is now tomororw?  I saw on reddit one person posted this as well.  So some ppl are different?

The difference might be due to the location of the user.

[Ryker1]

Binance is getting serious about kyc and the ambition that binance has is making binance to want to comply with authority in different jurisdictions. I was able to kyc and upgrade my account almost immediately after I decided to kyc!  I noticed that the process was very smooth and the technical aspect of verification was very effective. 

Well there is nothing they can do is to follow the regulator. We are very strict now when it comes to KYC and I think the government is aware that people spend a lot of money on trading and even our local wallet as of now asked where did you come from the cryptocurrency when it was sent by the external wallet. For me, KYC is good and I don't afraid of it, Binance is a trusted exchange why you are afraid of it if you don't have any hidden activities that commit crimes.

[jerry0]

So I withdrew from binance recently and did btc as the withdraw method.


However... i noticed my btc withdraw limit is 2btc?  How is this possible when i never sent in verification?


After i did the btc withdraw... now my btc withdraw limit for the day is like 1.97 btc?  Did anyone else notice this?

[Fredomago]

Binance is getting serious about kyc and the ambition that binance has is making binance to want to comply with authority in different jurisdictions. I was able to kyc and upgrade my account almost immediately after I decided to kyc!  I noticed that the process was very smooth and the technical aspect of verification was very effective. 

Well there is nothing they can do is to follow the regulator. We are very strict now when it comes to KYC and I think the government is aware that people spend a lot of money on trading and even our local wallet as of now asked where did you come from the cryptocurrency when it was sent by the external wallet. For me, KYC is good and I don't afraid of it, Binance is a trusted exchange why you are afraid of it if you don't have any hidden activities that commit crimes.

No option for the business to move forward, the government is asking them to comply or else they won't be able to facilitate. Binance being one of trusted exchange will survive this and will move forward. Traders who are really into this business will comply and will have no problem providing needed information.

While those who are not willing will try to find other venues/exchange that will allow them to continue doing business without revealing their personal identities.

[tvplus006]

So I withdrew from binance recently and did btc as the withdraw method.


However... i noticed my btc withdraw limit is 2btc?  How is this possible when i never sent in verification?


After i did the btc withdraw... now my btc withdraw limit for the day is like 1.97 btc?  Did anyone else notice this?

Yes, this is observed in all those who have not passed verification on the exchange. For unverified participants, the daily limit is 2 BTC.  Obviously, Binance gives you the opportunity to withdraw your coins without limiting them to 0.06 BTC, which were introduced earlier.