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.