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

[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.

[1713884328]

1713884328

[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.