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Author Topic: In Binance, can an unverified user withdraw part of their crypto...  (Read 136 times)
Potato Chips
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November 26, 2021, 11:58:44 PM
 #21

I think the whole binance verification thing of flawed, or they are just pretending to verify users just to get the law enforcement agencies off their asses. I have a friend try to verify their binance account the other day. The first verification step was the video part. They did is 3 times with an error that verification failed, and then on the 4th attempt. Account was showing as verified minus them, even uploading any other documents like ID  Grin

The process is automated and is indeed flawed. But it applies in every CEX not just binance although you could say that such flaws are more prevalent in binance/other exchange. This is why others have manual verification where you get an actual human to review your case instead. The latter isn't far from reality either since their by phase roll out of withdraw-only for existing users was their means of slowing down their KYC for all.

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