Does Binance need kyc to do any trading?

[South Park]

As far as new accounts go, you definitely need to hand in your KYC documents if you want to trade and as far as old accounts are concerned,  you currently are free to trade and withdraw with a daily limit of 0.06 BTC. Not sure about deposit limits though.... I think that will change after October 10th. Everyone will be forced to KYC.

How come I was still able to buy in Spot Trading when I have my name labeled as unverified yet? I only have Binance because that's where I send my SLP to and convert it in there, I don't think that you will be forced to, they don't even notify you to get verified so I don't think that they're forcing people.

He was wrong, without KYC available to trade and can withdraw just have limit under 2 btc can withdraw, why he gave fake news about binance need to KYC, I use for long time without KYC can trade and sell coin there, withdraw limit under 2 btc every day but if you pass KYC with upload document and take selfie you can increase withdraw limit above 100 btc on every day.

I do not trade at Binance but this is not FUD or fake news, binance is changing their policies and it will force in the future for traders to go through KYC, what you are stating is the way things were and traders were really happy with that arrangement, however binance now wants to comply more closely with what the governments want and for that they need to force KYC on their customers, I do not know when that will happen as it does not affect me directly but it is coming so be careful.

[TinaK]

We make  binance account earlier 2017 when there is no need of kyc. 2BTC of amount was withdrawbale but for more then this you need kyc. Now at present time binance new rules for everyone who is new or old customer must complete kyc. I think this is good rule where money involved and in trading exist. So everyone should follow the rules to make trading easier.

I think this decision wasn't made by them. It is because they are regulated and they need to implement this to have pushed their regulation.
In order to follow rules and regulations and continue your business license, you should follow those legalization protocols that should be effectively be implemented and it might this will be the reason why Binance had to reduce the number of traders there because this, a lot of traders transfer into other exchange.

[boyptc]

We make  binance account earlier 2017 when there is no need of kyc. 2BTC of amount was withdrawbale but for more then this you need kyc. Now at present time binance new rules for everyone who is new or old customer must complete kyc. I think this is good rule where money involved and in trading exist. So everyone should follow the rules to make trading easier.

Usually, a new exchange that's trying to gain the trust of people will give all the favor.

They won't be allowing KYC and it's normal when you see that for starting exchanges but as they grow, they've been stomped by government regulations and they have to adjust as well.

[Oneandpure]

New rule from Binance need to pass KYC if want to trade there and before we can trade and withdraw under 2 btc every day without pass KYC, maybe the KYC system to protect from banned country not allowed using cryptocurrency like China, better this way because China every time make bad news about bitcoin, now Binance not allowed for China member using Binance exchange.

[TheGreatPython]

Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?

It has been a long time since I last used binance.com exchange, because I switched to making use of peer to peer exchange. But, when I was making use of the Binance.com exchange what you said is right about them: for you to trade on their platform you have to submit some information about yourself(that’s KYC) before you can start reading or else your trading will be limited to an extent.

But, I saw a news as of recent that that is no longer how it functions now, that for a new users you have to submit full KYC, which is every information about yourself, before you can start trading with them, and the news also said that they will as well be asking old users to submit their full KYC before they can continue their trade on the platform.

[Oneandpure]

Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?

It has been a long time since I last used binance.com exchange, because I switched to making use of peer to peer exchange. But, when I was making use of the Binance.com exchange what you said is right about them: for you to trade on their platform you have to submit some information about yourself(that’s KYC) before you can start reading or else your trading will be limited to an extent.

But, I saw a news as of recent that that is no longer how it functions now, that for a new users you have to submit full KYC, which is every information about yourself, before you can start trading with them, and the news also said that they will as well be asking old users to submit their full KYC before they can continue their trade on the platform.

Just new update about last week with new rule all member should pass KYC on binance, before not any rule for KYC but give only under 2 BTC for withdrawing in daily day. Now they make new regulation for all member should KYC if want trade but still available withdrawing only without pass KYC. I have KYC my account about last year because I want keep safety for trading or withdrawing with higher amount in daily day.

[Renampun]

Not sure about binance US but I've heard there's a policy of new accounts needing kyc before you can trade with them now?

As far as I know, aren't customers from the US banned from using Binance!

Previously, all Binance users, even old ones, were not required to do KYC but a few months ago they changed the policy and required all customers to do KYC at least level 1.

To be honest, in terms of conditions, I liked the broker from Amarkets much more. They have quite favorable conditions in terms of trading, and most importantly, very good conditions for beginners.

Please don't advertise uncertain services here.

[crzy]

To be honest, in terms of conditions, I liked the broker from Amarkets much more. They have quite favorable conditions in terms of trading, and most importantly, very good conditions for beginners.

But the questions here is about Binance KYC specifically in US, so this is quiet inappropriate.
Anyway, KYC in Binance seems already a mandatory this change started since they’ve got a lot of government pressure across many countries so Binance US will surely ask for it, to confirm read their terms and conditions or better ask the Binance team regarding your concern.

[seleme]

Yeah as explained above, you have to verify the account for having full trading access on Binance. The new rules are applied to old unverified accounts too, looks like the regulation will cover the same rules on other alternative exchanges too. Otherwise, you can use Bybit or other alternative exchanges for trading. Checking crypto news is necessary for this reason before depositing to newly created Binance account, you will be asked to pass KYC and it can cause more trouble if this is not your first account on Binance exchange.

[24Kt]

Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?

It has been a long time since I last used binance.com exchange, because I switched to making use of peer to peer exchange. But, when I was making use of the Binance.com exchange what you said is right about them: for you to trade on their platform you have to submit some information about yourself(that’s KYC) before you can start reading or else your trading will be limited to an extent.

But, I saw a news as of recent that that is no longer how it functions now, that for a new users you have to submit full KYC, which is every information about yourself, before you can start trading with them, and the news also said that they will as well be asking old users to submit their full KYC before they can continue their trade on the platform.

There are levels of verification in Binance, the verified and verified plus. I believe what you are referring for full kyc is the verified plus. But even with verified level, you can already enjoy most of binance services, and trading is already included. With verified level, you only need to submit one valid government ID and of course the face recognition step. I haven't done the verified plus but it will need your proof of address to achieve this level.

[Hippocrypto]

Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?

Thanks in advance!

Indeed, over 0.06 was only their minimum withdrawal amount for unverified traders. That made me decide to do verification in order for to become confident with trading much higher amount. KYC isn't unsafe, since binance already told us that our personal information will be kept and remain confidential from anybody else.

[blockman]

Yeah as explained above, you have to verify the account for having full trading access on Binance. The new rules are applied to old unverified accounts too, looks like the regulation will cover the same rules on other alternative exchanges too. Otherwise, you can use Bybit or other alternative exchanges for trading.

Is bybit a good exchange too? I've seen them in some advertisements. For those that don't like to verify their accounts, you have no option people.
If you don't like the policy of Binance, you'll withdraw and don't comeback into their exchange because no other feature you can access but if you're okay with this new policy they have, you need to submit.

[LUCKMCFLY]

New rule from Binance need to pass KYC if want to trade there and before we can trade and withdraw under 2 btc every day without pass KYC, maybe the KYC system to protect from banned country not allowed using cryptocurrency like China, better this way because China every time make bad news about bitcoin, now Binance not allowed for China member using Binance exchange.

If that's the case, it's actually a very good goal, indeed China has made FUD several times which can hinder the development of cryptocurrencies, and even though it requires KYC, we know that Binance is the best exchange to date, and I think our identity will remain safe.

Now that Binance allows P2P trading for Venezuela, the KYC requirement goes far beyond normal, a friend who took a ceunta, the demands were much higher, so much so that it required them to have a smartphone to do the verification with code QR and apart is very cumbersome because the photos of the passport and of the person have to be of very good quality, sometimes if you do not have a good team you can not do the verification, my thought is that they will be much more demanding with KYC, I don't know to what extent this is a positive thing.

[pragna]

Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?

Thanks in advance!

No heard, just go to support centre of Binance and ask there. Here many men may say many things or advice also but what is actual that will say from support center. I know Binance need kyc so that trading is easy and make secure also wealth. Be a practical and be a gainer.

[rijaljun]

No need for KYC you can easily trade with Binance I think you can also deposit and withdraw without KYC but unlike before the withdrawal limit is not limited but still you can trade and withdraw without KYC unlike other exchange that will hold your money unless you send KYC and you will be forced to submit KYC.

[Desmong]

Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?

Thanks in advance!

I think trading on Binance does not really need a kyc which was before. Recently, Binance had made kyc verification necessary for any forms of trading whether spot or future trading. If you intend to trade on Binance, then prepare to do your kyc verification or else, you might be stock at one corner until you do your kyc. You can make deposit and withdrawal but when it comes to trading, kyc is necessary.

[Kittygalore]

Afaik, there's no need to their KYC, you can buy and sell in their spot market even if you're only verified with email and phone number, I don't know about going full verification though but I am doing fine with being uverified.

[martina14]

No need for KYC you can easily trade with Binance I think you can also deposit and withdraw without KYC but unlike before the withdrawal limit is not limited but still you can trade and withdraw without KYC unlike other exchange that will hold your money unless you send KYC and you will be forced to submit KYC.

I think at the moment you only need to verify yourself through taking a picture while your are in used for the platform.
But no need to submit any documents or it could be depend as well to you if you do like to submit your passport
or drivers license. Maybe for some other exchange they require it for sure. Where they will hold your assets while
your not submitting it completely something like that.

[EdenHazard]

No need for KYC you can easily trade with Binance I think you can also deposit and withdraw without KYC but unlike before the withdrawal limit is not limited but still you can trade and withdraw without KYC unlike other exchange that will hold your money unless you send KYC and you will be forced to submit KYC.

I think at the moment you only need to verify yourself through taking a picture while your are in used for the platform.
But no need to submit any documents or it could be depend as well to you if you do like to submit your passport
or drivers license. Maybe for some other exchange they require it for sure. Where they will hold your assets while
your not submitting it completely something like that.

pretty annoying to see binance doing this to us.

they might let us to access some features there but for full feature access such as doing p2p trade in the platform you will require to submit kyc otherwise binance will limit access to some of their main feature which is withdrawal wont be allowed. annoying. chinese exchange as well shutting down.. but guess what.. the market responded it in weird way, the coins pumped up to the sky... should we worry about this and consider the current bullish situation as a fake one? well...

[IIrik11]

I bought some coins from them a while back and withdrew them and then they started asking for KYC.

After which I stopped going there as I don't want to upload my documents and selfie because I am sure they're going to sell it and call it a theft.

So, in my experience, Binance does asks for KYC.