2 Binance Accounts (1 verified & another 1 unverified). How to go back to safety

Bitcoin_Arena

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Quote from: bitcoiners98 on February 25, 2021, 02:23:14 PM

Hi Bitcoin_Arena, I appreciate your replies because you really understood what I mean.

About your last comment, if situation ever comes to WORST case - if time comes that I would be forced in the future to KYC my unverified account, do you think using a Trusted Friend (without any prior or existing account) to claim ownership of my current existing account is possible and could easily be accomplished? (Meaning she will be the one to do it, claim ownership of the account, go through proper KYC, and submit her own documents).

1. Yeah, it's possible. Just make sure your unverified account has no similar details that could easily link it to your existing account just in case. Therefore, basic details which you can fill before they ask for KYC like Name, date of birth etc should never be the same (in fact they can be similar to those of your trusted friend)

2. Your trust friend should be readily available in case they do ask for KYC verification in the future. I think you are already aware they sometimes ask for recent pictures with Binance details and video selfies.

3. In case you decide to write to them to delete your currently verified account. You won't be able to access certain services like p2p trading, margin and futures trading, purchasing crypto with fiat, cashing out through fiat etc on your other unverified account. I hope you are aware of this.

bitcoiners98

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Hi Bitcoin_Arena, I appreciate your replies because you really understood what I mean.

About your last comment, if situation ever comes to WORST case - if time comes that I would be forced in the future to KYC my unverified account, do you think using a Trusted Friend (without any prior or existing account) to claim ownership of my current existing account is possible and could easily be accomplished? (Meaning she will be the one to do it, claim ownership of the account, go through proper KYC, and submit her own documents).

Bitcoin_Arena

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Quote from: bitcoiners98 on February 24, 2021, 09:55:41 AM

Hi Bitcoin_Arena: The other one is an UnVerified Account, so I guess they would not know it is from the same person. Am I right on that?

Let's assume they weren't recording any data that could link up your accounts like IP addresses, login times, device fingerprint, your browser's user agent details etc. You would still have trouble if they asked for KYC on your unverified account

Quote from: bitcoiners98 on February 24, 2021, 09:55:41 AM

Thank you Bitcoin_Arena for this very detailed explanation. But please enlighten me - what do you mean by "And You Won't Be Successfully Verified"?
I have all sufficient documents that I can submit.

What I meant is that they already have your document details used to verify your other account, so using the same details for another account would raise a flag on their system that you are registering multiple account using the same documents and this could rise a lot of suspicion such as;
- The Possibility that you are using stolen documents
- The possibility that the documents are forged
- The possibility that you are not giving the right information.

This could easily make them reject your KYC verification attempt.

jrrsparkles

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Quote from: bitcoiners98 on February 24, 2021, 10:02:37 AM

Quote from: jrrsparkles on February 24, 2021, 03:18:04 AM

Quote from: bitcoiners98 on February 23, 2021, 03:07:43 PM

Appreciate your inputs. But Im comfortable with the unverified account. Can I permanently deactivate the Verified Account? Upon doing so, will my details/records remain in their system and will flag if I create a verified account in the future? Or if I verify my current unverified account? Thanks.

As I said you can't create anymore account with same KYC even if you disabled it or deleted it permanently. Just keep the verified account then start using ur unverified account but never try to abuse if there are any promotions announced in the future.

Thank you jrrsparkles for the effort of explaining this to me.
But my concern is:
- if I have a Verified Account and I also have an UnVerified account running on the same Wifi Router IP Address, would it not be flagged as having and/or using multiple accounts (which I have read is not legal).
Please enlighten me on that if my thinking is correct, thanks.

I didn't know about the multiple accounts on Binance is allowed but Binance itself allows people to create multiple sub accounts for them that is why having separate account can be risky always.

Well moreover your account can be put on hold and you will be asked to submit KYC at anytime which will be impossible to do if you are using unverified account as your primary account.

The Cryptovator

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If you use two accounts on the same device, browser, and IP then it's pretty easy to detect for Binance. I don't think they will just detect by IP address. There are a few other ways and most probably we are unaware about it, for example Fingerprint. To be honest, if you are using centralized exchange, then you should always be ready to provide your KYC. Because anytime for any reason they would freeze your account. For example, they would freeze the account for suspicious activities or money laundering which is a pretty common issue in a centralized exchange. If you fully want to avoid KYC then just better to go with a reputed decentralized exchange. So, you are safe at least from submitting KYC. I wouldn't suggest taking a risk by breaking T&C.

bitcoiners98

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Quote from: Potato Chips on February 24, 2021, 09:41:06 AM

You can ask them to terminate your account along with your data sets. Binance is gdpr compliant which gives users data protection rights (check their privacy policy under section eight).

The tricky part is the data retention which allows them to keep some data for X amount of years, better to also ask them what happens if you change your mind and open an account again in that period of time just to make sure it wont get you in trouble.

Hi Potato Chips, thanks for the reply. I searched what you are saying:
8.3 Right to Erasure (Right to be Forgotten)
You have the right to request the erasure of your personal data under certain circumstances.

I will consider this.

But Im just paranoid that if I contact them and tell them that I got two accounts (1 verified and 1 unverified), they will found out that Im using multiple accounts which is not allowed. Am I in the brink of having my accounts frozen?

bitcoiners98

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Quote from: jrrsparkles on February 24, 2021, 03:18:04 AM

Quote from: bitcoiners98 on February 23, 2021, 03:07:43 PM

Appreciate your inputs. But Im comfortable with the unverified account. Can I permanently deactivate the Verified Account? Upon doing so, will my details/records remain in their system and will flag if I create a verified account in the future? Or if I verify my current unverified account? Thanks.

As I said you can't create anymore account with same KYC even if you disabled it or deleted it permanently. Just keep the verified account then start using ur unverified account but never try to abuse if there are any promotions announced in the future.

Thank you jrrsparkles for the effort of explaining this to me.
But my concern is:
- if I have a Verified Account and I also have an UnVerified account running on the same Wifi Router IP Address, would it not be flagged as having and/or using multiple accounts (which I have read is not legal).
Please enlighten me on that if my thinking is correct, thanks.

bitcoiners98

newbie

Activity: 9

Merit: 2

Quote from: Bitcoin_Arena on February 23, 2021, 03:25:39 PM

Quote from: bitcoiners98 on February 23, 2021, 03:07:43 PM

Appreciate your inputs. But Im comfortable with the unverified account.

You are comfortable with the unverified account, but you already send them details for the other account. They already have your details, so what's the point?

The other one is an UnVerified Account, so I guess they would not know it is from the same person. Am I right on that?

Quote from: bitcoiners98 on February 23, 2021, 03:07:43 PM

Can I permanently deactivate the Verified Account? Upon doing so, will my details/records remain in their system and will flag if I create a verified account in the future? Or if I verify my current unverified account? Thanks.

There's an option to disable your account, but you can still restore it which means they still keep your data.

If you go for the option of using your unverified account, chances are high that in future you could be asked for KYC in order to withdraw whatever money you have in the account, and you won't be successfully verified. You stand a risk of losing your assets in the unverified account in case they ask for a random KYC unlike the verified account.

Hi Bitcoin_Arena: The other one is an UnVerified Account, so I guess they would not know it is from the same person. Am I right on that?

for the second comment:

Thank you Bitcoin_Arena for this very detailed explanation. But please enlighten me - what do you mean by "And You Won't Be Successfully Verified"?
I have all sufficient documents that I can submit.

Potato Chips

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yesssir! 🫡

You can ask them to terminate your account along with your data sets. Binance is gdpr compliant which gives users data protection rights (check their privacy policy under section eight).

The tricky part is the data retention which allows them to keep some data for X amount of years, better to also ask them what happens if you change your mind and open an account again in that period of time just to make sure it wont get you in trouble.

jrrsparkles

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Quote from: bitcoiners98 on February 23, 2021, 03:07:43 PM

Appreciate your inputs. But Im comfortable with the unverified account. Can I permanently deactivate the Verified Account? Upon doing so, will my details/records remain in their system and will flag if I create a verified account in the future? Or if I verify my current unverified account? Thanks.

As I said you can't create anymore account with same KYC even if you disabled it or deleted it permanently. Just keep the verified account then start using ur unverified account but never try to abuse if there are any promotions announced in the future.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

Quote from: bitcoiners98 on February 23, 2021, 03:07:43 PM

Appreciate your inputs. But Im comfortable with the unverified account.

You are comfortable with the unverified account, but you already send them details for the other account. They already have your details, so what's the point?

Quote from: bitcoiners98 on February 23, 2021, 03:07:43 PM

Can I permanently deactivate the Verified Account? Upon doing so, will my details/records remain in their system and will flag if I create a verified account in the future? Or if I verify my current unverified account? Thanks.

There's an option to disable your account, but you can still restore it which means they still keep your data.

If you go for the option of using your unverified account, chances are high that in future you could be asked for KYC in order to withdraw whatever money you have in the account, and you won't be successfully verified. You stand a risk of losing your assets in the unverified account in case they ask for a random KYC unlike the verified account.

bitcoiners98

newbie

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Appreciate your inputs. But Im comfortable with the unverified account. Can I permanently deactivate the Verified Account? Upon doing so, will my details/records remain in their system and will flag if I create a verified account in the future? Or if I verify my current unverified account? Thanks.

jrrsparkles

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Nope you are not in danger, and if you try to verify the second account then it will become unsuccessful.

Anyway you don't need multiple accounts on the same exchange because it is going to increase your expenses while withdrawing cryptos, just use the verified one and let the other one to be unused.

*reported to mod already

bitcoiners98

newbie

Activity: 9

Merit: 2

I had verified my Binance account, but later on I decided to use an unverified one, so I created another account (only email and password) I had created 2 accounts. Am I in danger of getting my current account frozen in case time comes that account verification is required on my currently unverified account? - (Because they will find out there is already a created account with my name and details)

Topic: 2 Binance Accounts (1 verified & another 1 unverified). How to go back to safety (Read 159 times)