Topic: Binance KYC - page 3. (Read 807 times)
never count on any rules that an exchange with KYC is setting for those who don't verify their accounts. you may not encounter any problems at first but at any point they are free to close your account and force you to submit your KYC related documents to be verified. i have not personally experienced this with Binance since i don't use it that much but i have experienced it with many other exchanges which were the same.
Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?
For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit?
Asking because if that is the only limit, there isn't a reason for me to get verified.
For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit?
Asking because if that is the only limit, there isn't a reason for me to get verified.
If you are transacting that big volume of Bitcoin, I suggest you should get yourself verify.
Think about the recent hack, what if your account was compromise and you are not verified with the KYC, it will be hard for you to claim your money then.
Make sense?
Well maybe before binance found out this he already withdrawn his btc and can't trace any other alt accounts especially if he uses vpn.
More likely if they locked the account it surely don't have anything left.
Though I think creating multiple accounts weren't on their ToS. So perhaps you can do it yet on your own peril.
They could potentially find out if the IP from the VPN/proxy you're using is already flagged by them. They could probably lock the account immediately after registration, or after deposit. Not sure though, as I personally haven't really tried yet(and not planning to). More likely if they locked the account it surely don't have anything left.
Though I think creating multiple accounts weren't on their ToS. So perhaps you can do it yet on your own peril.
The 2 bitcoin daily withdrawal limit to unverified users is a mean to limit amount of found that get out of binance to unknown and untraceable wallet's, and I believe verified users can withdraw any amount of bitcoin from the binance exchange no limit on that. But I believe with this recent hack binance will make kyc mandatory to all users.
One way to get past any restrictions would be to open multiple accounts with family members details.
I know this might be unethical, but can you technically just create multiple alt Binance accounts? Probably with different IPs just to be sure? As the 2 BTC/day limits have zero requirement for KYC anyway. It's gonna be a problem if ever Binance gets detects something fishy and lock your accounts though.
More likely if they locked the account it surely don't have anything left.
Though I think creating multiple accounts weren't on their ToS. So perhaps you can do it yet on your own peril.
It is important to do after such big crush and to limit, maintain and manage the flow of liquidity Binance has restricted the withdrawal limit of 2BTC a day which is fair enough.
One way to get past any restrictions would be to open multiple accounts with family members details.
I know this might be unethical, but can you technically just create multiple alt Binance accounts? Probably with different IPs just to be sure? As the 2 BTC/day limits have zero requirement for KYC anyway. It's gonna be a problem if ever Binance gets detects something fishy and lock your accounts though.
You know it's always important for you to verify your account regardless of the limits you get from withdrawing. A know your customer verified account is very much solid than an unverified account in case of a necessity a verified account would be safer than an unverified one
Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?
For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit?
Asking because if that is the only limit, there isn't a reason for me to get verified.
For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit?
Asking because if that is the only limit, there isn't a reason for me to get verified.
I haven't used binance this year, I have also not exceeded the 2 BTC limit per day. I had read their TOS which was updated last February 2019, and it seems that KYC is now required(Link below.) After the hack and security updates, let's expect there might be changes on registation and account verification for security purposes.
Binance ToS
I think the 2 BTC withdrawal is more of a protection method for them to protect their liquidity and to prevent a type of Bank rush scenario when things might go wrong and not much of a KYC/AML regulation requirement. 
It is also a protection method from large withdrawals, when a hacker finds a exploit and try to withdraw all the coins in one day. It gives them some time to react when people's accounts gets hacked. 
One way to get past any restrictions would be to open multiple accounts with family members details.
It is also a protection method from large withdrawals, when a hacker finds a exploit and try to withdraw all the coins in one day. It gives them some time to react when people's accounts gets hacked.
One way to get past any restrictions would be to open multiple accounts with family members details.
Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit? For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit? Asking because if that is the only limit, there isn't a reason for me to get verified.
Honestly, I have not yet exceeded the daily limit of 2 BTC so we are just assuming that the monthly limit must be around 60 BTC or maybe less. I have a verified account in Binance but I also happen to have two others which are not yet verified, obviously. As for me, Binance is actually that not strict compared to some other exchanges except the decentralized platforms. With the normalization of Bitcoin after the hack, I am sure that this exchange will still be on the top after successfully managing the great crisis with flying colors.
Yeah, thanks for the reply. I'm sure it's somewhere deep in their TOS, just haven't bothered to read it (very few people do... just like that IOS or Google Play terms page).
Rofl indeed no one wants to read any website or apps TOS to be real,me im reading it but just the first few parts then got bored and just check it without reading i know its bad but we cant stop ourself from skipping reading it lol 
Yeah, thanks for the reply. I'm sure it's somewhere deep in their TOS, just haven't bothered to read it (very few people do... just like that IOS or Google Play terms page).
Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?
For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit?
Asking because if that is the only limit, there isn't a reason for me to get verified.
Im pretty sure it has to need to have a limit for non verified users,I just dont know how much is the monthly limit for unverified users because i cant even withdraw 2BTC in 1 day or even a month lol.We just wait for users to verify if how much it is For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit?
Asking because if that is the only limit, there isn't a reason for me to get verified.
Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?
For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit?
Asking because if that is the only limit, there isn't a reason for me to get verified.
For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit?
Asking because if that is the only limit, there isn't a reason for me to get verified.
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