Do you already noticed about the changing of identity verification of Binance ?

tvplus006

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Quote from: jerry0 on October 03, 2021, 05:33:01 PM

So I withdrew from binance recently and did btc as the withdraw method.

However... i noticed my btc withdraw limit is 2btc? How is this possible when i never sent in verification?

After i did the btc withdraw... now my btc withdraw limit for the day is like 1.97 btc? Did anyone else notice this?

Yes, this is observed in all those who have not passed verification on the exchange. For unverified participants, the daily limit is 2 BTC. Obviously, Binance gives you the opportunity to withdraw your coins without limiting them to 0.06 BTC, which were introduced earlier.

Fredomago

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Quote from: Ryker1 on October 02, 2021, 05:13:27 PM

Quote from: otundebis on October 02, 2021, 02:35:51 PM

Binance is getting serious about kyc and the ambition that binance has is making binance to want to comply with authority in different jurisdictions. I was able to kyc and upgrade my account almost immediately after I decided to kyc! I noticed that the process was very smooth and the technical aspect of verification was very effective.

Well there is nothing they can do is to follow the regulator. We are very strict now when it comes to KYC and I think the government is aware that people spend a lot of money on trading and even our local wallet as of now asked where did you come from the cryptocurrency when it was sent by the external wallet. For me, KYC is good and I don't afraid of it, Binance is a trusted exchange why you are afraid of it if you don't have any hidden activities that commit crimes.

No option for the business to move forward, the government is asking them to comply or else they won't be able to facilitate. Binance being one of trusted exchange will survive this and will move forward. Traders who are really into this business will comply and will have no problem providing needed information.

While those who are not willing will try to find other venues/exchange that will allow them to continue doing business without revealing their personal identities.

jerry0

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So I withdrew from binance recently and did btc as the withdraw method.

However... i noticed my btc withdraw limit is 2btc? How is this possible when i never sent in verification?

After i did the btc withdraw... now my btc withdraw limit for the day is like 1.97 btc? Did anyone else notice this?

Ryker1

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Quote from: otundebis on October 02, 2021, 02:35:51 PM

Binance is getting serious about kyc and the ambition that binance has is making binance to want to comply with authority in different jurisdictions. I was able to kyc and upgrade my account almost immediately after I decided to kyc! I noticed that the process was very smooth and the technical aspect of verification was very effective.

Well there is nothing they can do is to follow the regulator. We are very strict now when it comes to KYC and I think the government is aware that people spend a lot of money on trading and even our local wallet as of now asked where did you come from the cryptocurrency when it was sent by the external wallet. For me, KYC is good and I don't afraid of it, Binance is a trusted exchange why you are afraid of it if you don't have any hidden activities that commit crimes.

livingfree

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They're not removing that notice for everyone to be aware of it. This is what we don't like when it comes to the known exchanges.

Some new exchange that have a good limit even without KYC will emerge and will compete Binance on this thing.

Quote from: jerry0 on October 02, 2021, 02:24:30 PM

Did anyone else get that new binance email where the last day to submit verfication is now tomororw? I saw on reddit one person posted this as well. So some ppl are different?

The difference might be due to the location of the user.

samcrypto

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Quote from: jerry0 on October 02, 2021, 02:24:30 PM

Did anyone else get that new binance email where the last day to submit verfication is now tomororw? I saw on reddit one person posted this as well. So some ppl are different?

As stated on the OP is will be on October 19, so for those who are still not submitting their KYC might experience some problem later on. I also received a notification even if I’m already a verified user, I guess that notification is for everybody but since I’m already verified there’s no need for me to fill up the forms again. The current regulations pressure to Binance make this thing mandatory, I believe many exchanges will soon implement this one as well.

otundebis

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Binance is getting serious about kyc and the ambition that binance has is making binance to want to comply with authority in different jurisdictions. I was able to kyc and upgrade my account almost immediately after I decided to kyc! I noticed that the process was very smooth and the technical aspect of verification was very effective.

jerry0

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Did anyone else get that new binance email where the last day to submit verfication is now tomororw? I saw on reddit one person posted this as well. So some ppl are different?

Hamphser

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Quote from: ?? on ??

Of course I noticed the announcement from Binance exchange authority that they would not permit any volatile account that not verified secondary verification untill 19/10/2021. If you have not verified secondary Verification, then you should verify as soon as possible.

When you are already an old unverified user and since it would really result into prohibition of some services or lets say almost whole of the functions then that would really leave you no choice but to comply if you do

still wish to make use of their platform but if not then you would need to find another platform which would suits out your needs or preference but looking up around then we cant really deny that Binance

is the top exchange as of this moment.I dont see that much to be a big issue for you to deal with KYC verification on this platform.I dont see that much of a problem.

Rengga Jati

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Quote from: AmoreJaz on September 28, 2021, 06:07:56 PM

-snip-
i believe this tough move of binance is to prepare their platform for whatever they may encounter in the future in terms of government protocols that they are operating with. initially they greatly reduced to 0.06BTC daily withdrawal limit for nonverified users. but now, they are now requiring all users to be kyc verified. this may affect a lot of users of this exchange but if you are happy with their services, you have no choice but to comply with this new requirement. more then likely, other exchanges will follow such move or reducing the daily withdrawal limit of their users.

Yeah, we all know these current years may be a hard year for Binance, they seem to face some certain regulations, some accusations, and limitations in various countries. Even Binance was banned in several countries because of the absence of official registration in the country.
That's also my opinion, as long as they still serve good services, features, and programs, why not.
And exchanges may be continuous to change, some other exchanges may also renew their terms and conditions some day later. Just prepare about it. DO whatever we like and we consider the best, everybody may have a different view and decision about this, all for the personal best.

sujonali1819

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Quote from: jerry0 on September 28, 2021, 10:17:11 PM

Did anyone else get another binance email where the date to submit all verification is now October 4 instead? I got this email and even saw someone mention this on reddit?

But i also had that email about it being October 19 not long ago.

So some people have to do verification even faster?

Just I have checked again my email but did not received any warning about verification dead line recently. But I have tried to verify today. But the account is still showing unverified. Don't know actually how much time take it to finis.

Anybody here, can you share any experience of doing verification recently? How much time they take normally?

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Quote from: tbct_mt2 on September 28, 2021, 03:56:51 AM

Quote from: Potato Chips on September 28, 2021, 02:40:03 AM

Confirming my unverified account can still trade but that's because they haven't given me a deadline yet-- which seems to be given thru email

From what I understand, there is no one size fits all deadline

If you still can trade with unverified account, what does the Binance message means when they warned that user has to verify account within 48 hours. If not, account will be restricted.

The answer lies in what you quoted Cheesy

onecall123

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So, I have a Binance account and I was at a time "intermediate verification," required me to upload my photo ID and to use face recognition. The KYC verification process appears to be mandatory as all users are required to be verified before using the Binance platform. The new requirement will undoubtedly lose many customers, however, Binance has a big and well-respected brand and users can happily accept new requirement.

jerry0

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Did anyone else get another binance email where the date to submit all verification is now October 4 instead? I got this email and even saw someone mention this on reddit?

But i also had that email about it being October 19 not long ago.

So some people have to do verification even faster?

AmoreJaz

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Quote from: Rengga Jati on September 28, 2021, 05:33:49 PM

Yes, for Existing users, we must also do KYC verification or we can't trade and we can have “Withdraw Only”.

So far, there are still many pros and cons with this new regulation about KYC verification. For, many people chose Binance at that time because to make a more anonymous identity by not doing KYC> But this new regulation will change anything.

And everybody has their right and decision to do that KYC or not.

I personally have done this KYC because I have been enjoying enough trading in Binance and using some features of this, including its P2P.
There is no perfect technology and it may be too risky because using my identity, but that's my decision.

i believe this tough move of binance is to prepare their platform for whatever they may encounter in the future in terms of government protocols that they are operating with. initially they greatly reduced to 0.06BTC daily withdrawal limit for nonverified users. but now, they are now requiring all users to be kyc verified. this may affect a lot of users of this exchange but if you are happy with their services, you have no choice but to comply with this new requirement. more then likely, other exchanges will follow such move or reducing the daily withdrawal limit of their users.

Rengga Jati

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Quote from: tvplus006 on September 28, 2021, 01:34:14 PM

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Yes, for Existing users, we must also do KYC verification or we can't trade and we can have “Withdraw Only”.

So far, there are still many pros and cons with this new regulation about KYC verification. For, many people chose Binance at that time because to make a more anonymous identity by not doing KYC> But this new regulation will change anything.

And everybody has their right and decision to do that KYC or not.

I personally have done this KYC because I have been enjoying enough trading in Binance and using some features of this, including its P2P.
There is no perfect technology and it may be too risky because using my identity, but that's my decision.

*edited the quote

tvplus006

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Quote from: zanezane on September 28, 2021, 01:43:34 AM

I did notice it, I only have the lowest verification level in Binance and then this week, I suddenly became unverified which isn't really a problem after all since I can still do transactions with a really high limit.

For you, trading on the Binance will end on October 19, when, according to the rules, trading for old users who have not passed verification will be suspended. After trading is suspended, you will have the opportunity to withdraw your money from the exchange, or pass verification.

perfect999

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Quote from: sujonali1819 on September 28, 2021, 09:07:51 AM

Quote from: tbct_mt2 on September 28, 2021, 03:56:51 AM

If you still can trade with unverified account, what does the Binance message means when they warned that user has to verify account within 48 hours. If not, account will be restricted.

With unverified account, you can still trade, I know but for unverified account and also receive notification via email like above, will be able to trade?

I believe unverified and restricted account will not allow to trade.

Where they did that Unvaried user will be restricted within 48 hours? I don't know about this even I have not notified about it through email or App push notification. What they said unverified user will be limited access after 19 Oct this year. So still about 20+ days remaining. So it's normal that still unverified user is able to trade and buy/sell.

This is very strange because I receive this message nearly one month back and now deadline is end for me, so now I am not able to deposit, and my trading is also frozen as I contact with support I have reply please first verify your account then you will be able to trade and deposit right now just withdrawals are available for me.

It means now I can only withdraw my funds from this exchange it's terrible, but recently they are facing some very stick orders from different jurisdiction about this all, so now they are doing this all even in few countries they are going to close their business because of few regulations by local authorities.

zahed

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Quote from: LimLims on September 15, 2021, 10:56:45 AM

Yes i have already seen about this notification.
They too notify me that do the verification and get 10 USDT instantly after verifying.
What will happen if we don’t verify the identity? I have currently 2500$ worth of BTC there at Binance.
Should I withdraw those before 19th ?
Or it should be fine? I haven’t done any KYC (except the email and phone number thing).
Waiting for some answers from someone trusted.

Binance showing this notification in their site homepage also if opening apps so we can't ignore that. I have using their app and here i have seen 500$ busd for account verification. I have so pretty small worth coins so i don't worried. Still enough time to get verify i will submit kyc data in few days.

sujonali1819

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Quote from: tbct_mt2 on September 28, 2021, 03:56:51 AM

Quote from: Potato Chips on September 28, 2021, 02:40:03 AM

Confirming my unverified account can still trade but that's because they haven't given me a deadline yet-- which seems to be given thru email

From what I understand, there is no one size fits all deadline

If you still can trade with unverified account, what does the Binance message means when they warned that user has to verify account within 48 hours. If not, account will be restricted.

With unverified account, you can still trade, I know but for unverified account and also receive notification via email like above, will be able to trade?

I believe unverified and restricted account will not allow to trade.

Where they did that Unvaried user will be restricted within 48 hours? I don't know about this even I have not notified about it through email or App push notification. What they said unverified user will be limited access after 19 Oct this year. So still about 20+ days remaining. So it's normal that still unverified user is able to trade and buy/sell.

Topic: Do you already noticed about the changing of identity verification of Binance ? (Read 493 times)