Binance unverified account | Bitcointalksearch.org

ololajulo

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Quote from: Lucius on March 30, 2022, 09:29:26 AM

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.

Withdrawal can still be possible for token retained in the account beyond the period of warning but trade may not be allowed. The withdrawal limit is just a deception and if wallet cant be accessed how can deposit be processed?

JeromeTash

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Quote from: virasog on April 04, 2022, 02:54:27 AM

My question to you is that why would you not trust the binance unverified account. You will only be able to withdraw 2000$ worth of crypto per day and few others restrictions like no P2P trading but this does not mean that you can't use binance account at all.

As per the last announcement, all people using Binance must be fully verified. You being able to use an unverified account and even make deposits plus withdrawals means someone is either not doing their job well at binance or they are still lax on KYC requirements as of now.

They could wake up one day and block all unverified accounts. You don't want to be one of those people with a blocked account yet you hate KYC.

hosseinimr93

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Quote from: virasog on April 04, 2022, 02:54:27 AM

My question to you is that why would you not trust the binance unverified account.

I won't make any deposit, because I'm not sure I will be able to make withdrawal without verifying my identity.
I remember they officially announced that KYC is mandatory for all users. So, even if it's shown that I have a withdrawal limit of 2000 dollars per day, it's still possible that they don't process my withdrawal until I verify my identity. They have full control over users fund and can do anything they want.

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Quote from: hosseinimr93 on March 30, 2022, 09:16:55 AM

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.

Quote from: OmegaStarScream on March 30, 2022, 06:34:35 AM

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.

I do not have unverified binance account but it would need only an email to make an account. Don't need it because i already have a KYC verified one.

My question to you is that why would you not trust the binance unverified account. You will only be able to withdraw 2000$ worth of crypto per day and few others restrictions like no P2P trading but this does not mean that you can't use binance account at all.

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Quote from: pooya87 on April 03, 2022, 10:54:25 AM

P.S. Any other KYC-free centralized exchange you guys would suggest?

Kucoin and Okex don't seem to be so strict with KYC verification as of now, unlike exchanges like Binance or Bitmex that have. I have ever used an unverified Kucoin account to transact and all went smoothly

pooya87

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Quote from: hugeblack on March 30, 2022, 06:10:48 AM

~I was surprised that I can still trade~

You got my hopes up for nothing Cheesy

.
I had some coins there that I was too lazy to pull out, after seeing this post I went there and was disappointed that I could not place any orders anywhere (Convert, Classic, Advanced,...) as soon as I click sell/buy the pop up comes up demanding verification.

I did withdraw my bitcoins and the limit was 160k which I believe has something to do with the "silly" verification they used to have. I forgot the name but I remember there were 3 stages, first was fully unverified where they only had your email, second was you just giving them your name and address (could be fake Wink

) and the third was submitting documents and whole KYC thing. I did the second step before they changed their rules so it is possible that limit is higher because of that.

P.S. Any other KYC-free centralized exchange you guys would suggest?

dkbit98

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Quote from: hugeblack on April 03, 2022, 05:21:18 AM

Therefore, even if the deposit option is not activated, you can send the coins to the deposit addresses, which you will find in the “Deposit History^[1]”

Interesting find and I understand how it could work now.
That means you can deposit coins only to previously used addresses for coins you used before, and you can't generate new address or use any new coins.
I think this is clearly done on purpose by Binance exchange, and most people believed their warnings to verify or quit using their exchange.
Thanks for taking a risk and testing this for all of us. Wink

hugeblack

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Quote from: dkbit98 on April 02, 2022, 12:21:30 PM

What do you mean when you say that deposit coins sometimes works?

When you click on the deposit button you cannot see the deposit address, as it is obscured by "Please verify identity".

Overall, yesterday I took an extra risk and sent $500 to my old USDT TRC20 address that was given to me earlier.
I was able to deposit, exchange, and withdraw up to 4k BUSD.

Therefore, even if the deposit option is not activated, you can send the coins to the deposit addresses, which you will find in the “Deposit History^[1]”

[1] How to Show My Deposit History within 6 Months

Overall, there is no need to risk and it is better to avoid Binance but I wanted to prove that you can still use your unverified account.

dkbit98

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Quote from: OmegaStarScream on April 02, 2022, 01:15:59 PM

Any names that come to mind? I believe Mandala exchange used that but it did have some restrictions. I'm not even sure if they're still running since their CMC page is longer reporting anything.

They still exist and they are active in twitter and other social media, but I can't find them listed in Coingecko website also, maybe because it's just cloned binance volume.
I can still find their mandala token but markets are showing only listing on uniswap exchange, and CMC is reporting this exchange as Untracked Listing.
Checking their Blog page and it is active posting new partnerships and news, but like I said before... I am not recommending anyone to use this exchange.

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Quote from: dkbit98 on April 02, 2022, 12:21:30 PM

I know one easy way you can mitigate this with Binance by using other clone exchanges that are using Binance cloud, and everything works perfectly fine without verification.

Any names that come to mind? I believe Mandala exchange used that but it did have some restrictions. I'm not even sure if they're still running since their CMC page is longer reporting anything.

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Quote from: hugeblack on April 02, 2022, 04:52:52 AM

So I can say that I can still use ~~all~~ (almost) features using an unverified Binance account (creation date --> 2019) but the deposit feature is blocked (and sometimes works) after I made my first deposit.

What do you mean when you say that deposit coins sometimes works?
It works only until they detect that you don't have verified account, and after that you can't deposit anything anymore.
I know one easy way you can mitigate this with Binance by using other clone exchanges that are using Binance cloud, and everything works perfectly fine without verification.
However, theer is always a risk using centralized exchanges so I am not going to recommend anyone doing this with large amount of coins.

hugeblack

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Update: Today I deposited $10 into my account, I clicked on deposit button and got a USDT-TRC20 address, I sent the money, the balance was updated and I withdrew my balance.

But what I noticed after that is that, they asks me to verify my identity when I requested a new deposit, and I get that address when ignoring KYC message and refresh that page but there is no problem with the withdrawal.

So I can say that I can still use ~~all~~ (almost) features using an unverified Binance account (creation date --> 2019) but the deposit feature is blocked (and sometimes works) after I made my first deposit.

The IP address I used to create my account was a UK IP address.

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Quote from: dkbit98 on March 31, 2022, 08:48:36 AM

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.

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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.

JeromeTash

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Quote from: hugeblack on March 31, 2022, 06:23:06 AM

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.

dkbit98

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Quote from: Darker45 on March 30, 2022, 09:42:00 PM

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.

Quote from: hosseinimr93 on March 31, 2022, 07:31:56 AM

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. Tongue

hosseinimr93

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Quote from: hugeblack on March 31, 2022, 06:23:06 AM

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.

Quote from: hugeblack on March 31, 2022, 06:23:06 AM

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.

hugeblack

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Quote from: hosseinimr93 on March 30, 2022, 09:16:55 AM

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 Grin

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.

Quote from: JeromeTash on March 30, 2022, 04:26:42 PM

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 Shocked

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

So did anyone make a deposit? Have you tried APIs?

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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.

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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.

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