Binance NonVerified Account?

[jerry0]

Hi.  I have a binance account for a while.  I have coins there but I never sent in verification documents.  I got that email that if I do not send my verification by a certain date, my account will then be withdraw only.  I also read the withdraw limit right now is 0.06 btc since a while back they said if you didn't submit verification, that would be your withdraw limits.  I didn't mind that since I didn't have that much.  I do have to make two withdraws though most likely



My question is... does that mean I could still trade on binance at the moment before that date?  Or could I only withdraw right now?  Thing is I don't plan to submit KYC so people say if you don't, then make sure you withdraw your balance.  I do have some altcoins in there so I was thinking about trading it for btc or stablecoin and then withdrawing.



But anyone else with a binance non verified account can answer this question?

[tranthidung]

does that mean I could still trade on binance at the moment before that date?

Only if you passed through the basic verification (level 1). If I am not wrong, the deadline to do Basic verification was gone (a few days ago), and if you did not make it successfully, your account should be restricted now.

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. Once users complete the Intermediate Verification, they will be able to resume full access to Binance products and services.

Or could I only withdraw right now?

You can but you have to do it before the deadline ^{Binance gives you a long window to do KYC} if you don't want to submit documents for Intermediate verification (level 2)

• Important Changes About Binance Identity Verification
• Daily withdrawal limits will be adjusted to 0.06 BTC for accounts which have completed only Basic Account Verification
• How to complete Identity Verification? A step-by-step guide

[Sayeds56]

Hi.  I have a binance account for a while.  I have coins there but I never sent in verification documents.  I got that email that if I do not send my verification by a certain date, my account will then be withdraw only.  I also read the withdraw limit right now is 0.06 btc since a while back they said if you didn't submit verification, that would be your withdraw limits.  I didn't mind that since I didn't have that much.  I do have to make two withdraws though most likely



My question is... does that mean I could still trade on binance at the moment before that date?  Or could I only withdraw right now?  Thing is I don't plan to submit KYC so people say if you don't, then make sure you withdraw your balance.  I do have some altcoins in there so I was thinking about trading it for btc or stablecoin and then withdrawing.



But anyone else with a binance non verified account can answer this question?

It is better you , convert all you alt coins into USADT or BUSD before the dead line of the date and withdraw them into your wallet on Tron or BSC network without paying any transaction fee and minimum withdrawal limit is 10 USDT/BUSD. I think there is no problem in submitting your ID documents for account verification but it is your choice,  you do what you think is right for you.

[mk4]

If I understand correctly, once your account becomes sort of "limited", you'll still be able to withdraw, but not trade.

But seriously, why not just withdraw your funds just to be sure? If the funds aren't that much to justify purchasing a hardware wallet, then just use a good mobile wallet.

[jerry0]

I never submitted any form of verification.  What is basic verification step one?


The other thing is this.  I have a few altcoins and some btc.  Do you suggest i trade those altcoins for btc or stablecoin?  The thing is for btc... i have very little there... i dont think i even cover the btc withdraw fee?  So what do i do there then?


The other altcoins, i have a decent amount at least for me but it would take me two or three withdraws though with the 0.06 btc withdraw limit.

[mk4]

I never submitted any form of verification.  What is basic verification step one?

The verification needed for you to be able to continue to trade requires a valid ID. So, passports, drivers license, those things.

The other thing is this.  I have a few altcoins and some btc.  Do you suggest i trade those altcoins for btc or stablecoin?  The thing is for btc... i have very little there... i dont think i even cover the btc withdraw fee?  So what do i do there then?

If your BTC can't even cover the withdrawal fee, then I guess you have no choice but to convert it to other assets.

The other altcoins, i have a decent amount at least for me but it would take me two or three withdraws though with the 0.06 btc withdraw limit.

Better start as early as possible, as you shouldn't be leaving funds on exchanges in the first place unless you actively trade.

Also, please grab a Ledger or a Trezor.

[EduardoHenson]

You Can’t withdraw from a biance account without KYC authentication，but u can sell it for cash.

[mk4]

You Can’t withdraw from a biance account without KYC authentication，but u can sell it for cash.

Binance's quite-recent article about this says otherwise. It's actually the exact opposite lol; as you can't even sell for cash without KYC to start with.



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

[Magicalking]

Your Bitcoin in binance isn't really yours, the Bitcoin isn't there in your account. "Not your keys Not Your Bitcoins". Storing Bitcoins in exchanges relinquish your control. You need to comply by their rules I suggest you complete kyc or transfer your bitcoins to a non custodial wallet before the deadline.  

[RopPoroP]

More you just verify your binance account, because after all it is also the security of your data.
So that Binance believes that you are not a bot.
Just verifying to level two is enough for binance to trust you not a bot. 

[harizen]

My question is... does that mean I could still trade on binance at the moment before that date?  Or could I only withdraw right now?  Thing is I don't plan to submit KYC so people say if you don't, then make sure you withdraw your balance.  I do have some altcoins in there so I was thinking about trading it for btc or stablecoin and then withdrawing.

But anyone else with a binance non verified account can answer this question?

There's no need for any document for 1st tier verification. Email, a Mobile numbers are necessary though. You can use Binance as an unverified account with a limit of BTC0.06 daily withdrawal which should not be a problem for you. You can use the service as much as you want there without undergoing KYC.

"Tried and tested". (unless there's a special email specifically at your account lol)

You Can’t withdraw from a biance account without KYC authentication，but u can sell it for cash.

That's not possible. Binance P2P requires KYC.

[boyptc]

Their level 1 surely is very limited and hectic.

It's like that they're giving a free trial and you still have to comply with KYC for you to enjoy a better movement on their platform.

So you choose, just withdraw and go away or comply and continue to trade and enjoy Binance.

[so98nn]

I am not sure why everyone is so concerned about the verification. It’s basic rule of financial system, if you want to use it you need to play by their rules. They are here to do business and we are the clients so now and then we have to follow few KYC steps to be in their rule book. I am pretty sure there is no harm in doing this one.

Also as mentioned by couple of guys above it’s around 0.06 BTC per day limit you do it or don’t do it so it’s very simple task and logic whether to do it or not.

In my opinion all the data is safe with binance if we have our account set up for extra authentication. If that concerns everyone!

[cabron]

If you wanna continue trading or just move your coins to BTC instead of Altcoins, then submit KYC documents to be able to do it. That's the condition. If you are not going to submit your documents then all you can do is withdraw.

My option is to withdraw them as they are. I assume they are altcoins base on your response so just withdraw them to a wallet where you can also trade there are plenty of them. Trust I guess is also binance so just try something else like Atomic or Tokenpocket.

[QueenVera]

In my opinion all the data is safe with binance if we have our account set up for extra authentication. If that concerns everyone!

That is what they want you think initially, just wait with time we will begin to see all type of unacceptable behavior from the binance team and it will already be too late to do anything by then. The government are playing a more bigger game here. Soon they'll start going after individual with the details binance has, you think binance will say no to the government when they are seriously trying to get them to like them?.

I'm disappointed with CZ recent decision although he still has the best trading platform out there but lets not forget we have other alternative and if they can give us what we went without having to sell out our private details then why not use them.

[sirminesalot]

I was verifying my account right after i registered in binance because i think the exchange is big anough and safe enough to me and giving my identity to remove the limit of trade and withdrawing. But i think you still could withdraw it later.
But my suggestion is better you withdraw it now and send your balance to trust wallet, you can make it free by your smartphone and it's quite safe to use.

[Jawhead999]

More you just verify your binance account, because after all it is also the security of your data.
So that Binance believes that you are not a bot.
Just verifying to level two is enough for binance to trust you not a bot. 

If OP doesn't care of his KYC he wouldn't create this thread in the first place! There're many reason why many people not comfort to give KYC to unknown service e.g. scammer or mafia targeting your location.

In my opinion all the data is safe with binance if we have our account set up for extra authentication. If that concerns everyone!

2FA is useless if the hacker could hack into Binance hot wallet, you're wrong Binance has hacked and data leaked history in the past [1] [2] can you, they, or even I make sure Binance will not get hacked in the future? No one.

[1] https://www.binance.com/en/support/announcement/360028031711
[2] https://www.coindesk.com/markets/2019/08/07/binance-customer-data-has-leaked-what-we-know-and-what-we-dont/

[carlfebz2]

In my opinion all the data is safe with binance if we have our account set up for extra authentication. If that concerns everyone!

That is what they want you think initially, just wait with time we will begin to see all type of unacceptable behavior from the binance team and it will already be too late to do anything by then. The government are playing a more bigger game here. Soon they'll start going after individual with the details binance has, you think binance will say no to the government when they are seriously trying to get them to like them?.

I'm disappointed with CZ recent decision although he still has the best trading platform out there but lets not forget we have other alternative and if they can give us what we went without having to sell out our private details then why not you them.

There are possible alternatives but cant really deny that this is still the current best exchange platform as of this moment despite of these big changes when it comes to account KYC.

When it comes to data security then this is something out of our control as a user.Binance itself does all have the access and i do agree on whats stated about government engagement is actually true.

As a regulated one then i wont be surprised that those things would be used if ever there would be some changes or becoming strict when it comes to regulation.

[Ararbermas]

Hi.  I have a binance account for a while.  I have coins there but I never sent in verification documents.  I got that email that if I do not send my verification by a certain date, my account will then be withdraw only.  I also read the withdraw limit right now is 0.06 btc since a while back they said if you didn't submit verification, that would be your withdraw limits.  I didn't mind that since I didn't have that much.  I do have to make two withdraws though most likely



My question is... does that mean I could still trade on binance at the moment before that date?  Or could I only withdraw right now?  Thing is I don't plan to submit KYC so people say if you don't, then make sure you withdraw your balance.  I do have some altcoins in there so I was thinking about trading it for btc or stablecoin and then withdrawing.



But anyone else with a binance non verified account can answer this question?

that's the new update mate and infact they send notifications for every user who did not pass intermediate stuff within the platform, wherein after the said date all the account will be turn into withdrawal only.. So stop wondering andk kindly check your notification.. And contact the support instead maybe they will give you a chance.. Just try..

[KaliLinux]

Their level 1 surely is very limited and hectic.

It's like that they're giving a free trial and you still have to comply with KYC for you to enjoy a better movement on their platform.

So you choose, just withdraw and go away or comply and continue to trade and enjoy Binance.

I totally agree with you and think it's just that two ways, you could either just do the complete you KYC and enjoy the full potential of the exchange or you just withdraw all your assets. I understand why investors don't like doing KYC, I don't like it too but have decided to do it for one or two exchanges I fully trade on and just hope for the best.