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

[Rengga Jati]

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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.

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[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.