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

[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

[1714755729]

1714755729

[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?