Binance unverified account

[hugeblack]

As we know, Binance imposed KYC verification a while ago^[1], I have been using their services, and since I read about KYC news, I have withdrawn all my funds from that platform and have not logged in.

Today, I logged in to that account and I was surprised that I can still trade, even withdraw but the withdrawal limit is about 4000 dollars, I did not try any of the trading pairs because I have no balance and I did not deposit, but did I miss something? Can unverified members still trading and withdraw funds? 


[1] Binance lost 3 percent of its customers, due to KYC

[1715498585]

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[1715498585]

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[Oshosondy]

Nobody will want to try that now when we know that unverified accounts can no more trade or may be withdraw too now. It will already be in their terms of service about getting verified.

Today, I logged in to that account and I was surprised that I can still trade, even withdraw but the withdrawal limit is about 4000 dollars, I did not try any of the trading pairs because I have no balance and I did not deposit, but did I miss something? Can unverified members still trading and withdraw funds? 

People that their account were restricted were able to withdraw that time too. Unless you trade and it become successful is when you can know if you can trade on binance, having no coins there can not let you know about that, probably it will request you to verify your account.

[OmegaStarScream]

No, not as far as I know. IIRC, when you try to make a deposit with an unverified account, they'll tell you to verify your identity first and won't even give you an address to deposit to. Maybe you can try doing that.

[dkbit98]

Today, I logged in to that account and I was surprised that I can still trade, even withdraw but the withdrawal limit is about 4000 dollars, I did not try any of the trading pairs because I have no balance and I did not deposit, but did I miss something? Can unverified members still trading and withdraw funds? 

Did you ever received multiple emails from them, reminding you to send documentations or you will not be able to trade or withdraw coins anymore?
Check out your notifications page and see if there are any restriction information, but I think that verified accounts now have 160K BUSD Daily withdrawal limit.
There is a small chance they left some accounts untouched by their new rules, but it's a big risk using it like this and they can at any time block your account and funds.

[hugeblack]

Nobody will want to try that now when we know that unverified accounts can no more trade or may be withdraw too now. It will already be in their terms of service about getting verified.
People that their account were restricted were able to withdraw that time too. Unless you trade and it become successful is when you can know if you can trade on binance, having no coins there can not let you know about that, probably it will request you to verify your account.

I think Binance is trying to grab the stick from the middle as I remember my account had different withdrawal limits^[1] than what was advertised so I think they are "selective when we talk about terms of use."

they'll tell you to verify your identity first and won't even give you an address to deposit to. Maybe you can try doing that.

There is a small chance they left some accounts untouched by their new rules, but it's a big risk using it like this and they can at any time block your account and funds.

This is the reason I created this topic, the withdrawal limits, which represent 4000 BUSD, are different from the previous limits, which were 0.05 BTC, which was different from the limits that were announced, which was 0.06, the strange thing is that at the current prices, 4000 BUSD is higher than 0.05 Bitcoin.


I don't think there is any indication of such limits in their TOS so I decided to create a thread to see if I was the only one.
I'll try to make a $10 deposit within the next 72 hours but I'd like to make sure if I'm the only one with such withdrawal limits.


[1] Binance withdrawals limits {0.05 BTC accounts}

[Potato Chips]

If it's about the trading panel/board, unverified users can still access it just fine, at least that's how it is on my end. But the moment I try to place an order, I'd be greeted with "you need to verify your account error" (I still have some dust in there). For the withdrawals, I checked mine and they are still open as what binance originally promised. However I noticed my limit is at 160K BUSD lmao. I'm not verified...

Just checked on r/binance as well, there seems to be no recent user with the same situation as you. Did you try OmegaStarScream's suggestion? there should be no way for you to view your address if you're unverified, no need to actually deposit.

[hosseinimr93]

I also have an unverified account on binance. I just logged in to my account to see if I have the same withdrawal limit.
As shown in the following image, the withdrawal limit for me is 2000 BUSD. Of course, I wouldn't trust what displayed there and I would never make any deposit.

No, not as far as I know. IIRC, when you try to make a deposit with an unverified account, they'll tell you to verify your identity first and won't even give you an address to deposit to. Maybe you can try doing that.

My account is unverified, but they show me the deposit address.

[Lucius]

I can only say that I received an e-mail a long time ago informing me that I cannot make deposits and trade without KYC, and that I have a withdraw limit of 0.05 BTC or something similar. After that, it does not occur to me to test whether these are the correct conditions, or whether there are still some holes in the system.

Given how their business has been in recent years, I am not surprised that they have failed to harmonize a level playing field for all users - or perhaps they are adjusting the terms in line with crypto regulations in some countries?

I just checked and I have the same withdrawal limit as @hosseinimr93.

[Potato Chips]

Jeez it's all over the place... but thinking back, that was how the whole thing was implemented.

Instead of rolling out the restrictions for the existing unverified accounts at the same date and time, binance decided it would be better to do in phases/by batch causing even more confusion. It wouldn't be weird that some may have slipped thru which reminds me of: Some people are still able to trade p2p on Binance using new unverified accounts

In addition, they didn't clear up whether the .06BTC announcement was still valid. To make things worse, emails about this were already sent out/or still being sent out at that time so some ppl received 2 different deadlines.

In any case, I wouldn't suggest trading with them (amounts you're willing to throw away are i guess fine) unless you actually get a go-signal that it's okay.

[LoyceMobile]

I haven't logged in ever again since they told me to give up my privacy.
I wouldn't deposit to them, even if they say I have a 4k withdrawal limit. They're known to freeze withdrawals for BS reasons, and I don't want them to keep my money hostage until I hand over documents.

[JeromeTash]

Can unverified members still trading and withdraw funds? 

I think it's happening.

I made a post about this last year, whereby unverified accounts were still able to make p2p orders ( Some people are still able to trade p2p on Binance using new unverified accounts

What is so funny was that even brand-new accounts that were created after Binance announced that a newly signed up account can't trade until they verify where able to trade via P2P 

[Darker45]

I also have an unverified account on binance. I just logged in to my account to see if I have the same withdrawal limit.
As shown in the following image, the withdrawal limit for me is 2000 BUSD. Of course, I wouldn't trust what displayed there and I would never make any deposit.

Did the same out of curiosity. And, oh my, I was surprised to see this:



It's like I'm already verified! LOL! And the withdrawal limit is so low. It seems things are random with Binance.

Just like the others, I left Binance right after they implemented their compulsory immediate verification for everybody. I withdrew everything and never logged in since then. It's just today that I logged in to see if I have the same status with OP.

But inconsistencies have never been a strange thing with Binance.

[tabas]

I think they'll be able to detect if you make a deposit and any activity if you're not KYC verified. If you want to try it out, make sure that the fund that you'll be sending there is okay if you can't take it again unless you really have plan to follow it up with a KYC.
So if you want to test it out being unverified, I think that some automatic change will notify you upon deposit.

[jrrsparkles]

Since they are showing the limit for withdrawal for unverified account then I may trust them but I am no longer a user of them but never forget that even on exchange without any KYC as mandatory thing can force you to complete KYC at anytime they want so when you go for an exchange which is centralized then we have to be ready to submit KYC.

[hugeblack]

As shown in the following image, the withdrawal limit for me is 2000 BUSD. Of course, I wouldn't trust what displayed there and I would never make any deposit.

Do you use VPN or your IP address? I use VPN so I thought my account would have a high degree of risk because of the IP address that I used is from a strict country with Binance (I didn't realize that when I signed up two years ago.)

These restrictions seem to be country-related, but I'm still surprised by the $4,000 per day, especially since it's different from 0.05 Bitcoin, which means it was taken at some point between August last year and today.

What is so funny was that even brand-new accounts that were created after Binance announced that a newly signed up account can't trade until they verify where able to trade via P2P 

I have never tried Binance P2P trading before. Only spot and earn/pool
So did anyone make a deposit? Have you tried APIs?

[hosseinimr93]

Do you use VPN or your IP address?

I've logged in to my account a few times since they forced users to verify their identity. I used a VPN from a European country at all times.

These restrictions seem to be country-related, but I'm still surprised by the $4,000 per day, especially since it's different from 0.05 Bitcoin, which means it was taken at some point between August last year and today.

I just made a search and found an announcement they have made in December, 2021.
Binance to Update the Denomination of Withdrawal Limit from BTC to BUSD

According to the announcement, the unit of measurement is no longer BTC. The withdrawal limit is now measured in BUSD.

[dkbit98]

It's like I'm already verified! LOL! And the withdrawal limit is so low. It seems things are random with Binance.

It's funny to see they switched from counting withdrawal limits in Bitcoin to their centralized shitcoin token BUSD, maybe because they can fully control and freeze it whenever they want.
If someone is willing to test with smaller amounts I would be interesting to hear feedback if withdrawals really work on that $160k (un)verified accounts.
Binance these days is more like a circus show with their changes and I don't recommend anyone to use it, especially if they are not consistent with their decisions like we see in this case.

According to the announcement, the unit of measurement is no longer BTC. The withdrawal limit is now measured in BUSD.

They are assholes, and BUSD is the main unit of assholism. 

[JeromeTash]

I have never tried Binance P2P trading before. Only spot and earn/pool

In other words.

1. Even before Binance started, the strict KYC verifications. For one to carry out P2P trading. It was a must to first pass KYC.
2. By the time someone trades on P2P, that means they are able to deposit, trade spot markets or withdraw funds.

So for Binance to claim that they are now enforcing strict KYC requirements, yet I can see brand-new accounts can still trade P2P minus any KYC verification, is a big joke.

[BitMaxz]

It's likely the same as what they said in the past that they will restrict unverified users but actually, they never implemented the restriction they only say that thing to warn their unverified users or to get a few people that submit documents so that they can submit collected documents if it needed by authorities.

I hope that you posted what date did you create your account and maybe only old existing users can be able to do that because I heard that old existing accounts can still be able to trade, deposit, and withdraw. I also heard that new users' accounts can't be able to deposit and it does not show any address unless they are KYC verified.

[carlfebz2]

Binance these days is more like a circus show with their changes and I don't recommend anyone to use it, especially if they are not consistent with their decisions like we see in this case.

Even with some inconsistencies but still people would really love on using up this platform just because it is one of the most popular and been trusted.These issues wont really be that a big hindrance nor would changed up

their view when it comes to trust.Whether they had changed those units into BUSD but as having some unverified account then it would really be just still sufficient.
If they are still allowing unverified users to have these kind of limits then they might not have that compulsory KYC since from the beginning.