Topic: Do you already noticed about the changing of identity verification of Binance ? - page 2. (Read 493 times)

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.

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

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.

Can people here who still have not completed any verification yet such as not send any verification documents at all to binance can confirm... they can still trade at the moment?


Would like feedback from these people.

I ignored it too but still, I can buy and sell ADA just two days ago. What puzzled me is that I have verified my account a long time ago but I still got this notification to verify my account. But this is on the phone app, login into the browser to the binance account didn't notify me with this message. I can only assume, they sent the message to everyone using the app.  If I have a non-verified account and wanted to move out, my option would be the trust wallet so I still could trade in the dex.

i did not comply with this because i have problem sending photo using my Mobile but still i can access and deposit,withdraw and convert , i don't know in trading since i have not tried recently .
maybe next week when I'm free i'll check the details and will try trading.

Actually already i verify my Binance Exchange account in many time ago, i think when i create my account, then i verify my account. I see that many Non-Verified user received this Notification regarding of KYC verification.             

That's right, here's a tutorial how to: What is a Limit Order & How to Set It on Binance

and in case your order was placed and you wanna cancel it:

(In classic layout)

1. Scroll down and you should see an order book
2. Make sure you're on 'Open Orders'
  -if you're confused, you can see the guy in the video I linked looking at his open orders at 1:16
3. Look for the order you just made and on its right, you can hit 'Cancel'

Can you tell me the steps to do the first part on binance?  Any trade i ever did with binance... i had traded with what is available so it immediately went through.


So what you want me to to is a limit order as oppose to market order?

Normally, you would still be able to trade until your given deadline has passed.

You can always do a test trade using the lowest possible amount to double check. What you wanna do is place an order that is near impossible to be filled immediately so you will still have an ample time to cancel it in case the order is successfully placed. The easiest way to do this would be to sell at the lowest price, for instance lets say 123 coin sells at 300 satoshis, you can try to place a sell order at 1 satoshi. If your account is withdraw-only, you should not be able to successfully place an order.


Hmmm. I say check if this is true first, there are a lot of no-kyc DEXs for erc-20 tokens

1. Look up your coin/token in coingecko then check its 'markets'
2. Pick a DEX and check directly, see https://www.coingecko.com/en/dex

Note: dyor before you trust any of these exchanges

This is probably a question that remains open, and indeed, there are many nuances that I wanted to know about.

Is there a way to confirm if ones binance account cannot be allowed to trade and can withdraw only?



I logged into my binance account and went to classic trade and went to see if i could trade my altcoin for btc.  Thus it seem like i could click on sell that altcoin.  But when you click on sell altcoin... does it automatically trade to btc?  Or it ask for confirmation?  Just want to make sure.



Do you recommend me to sell the altcoin for btc or stablecoin or just withdraw the altcoin?



When i look at withdrawing btc... i literally have like 8 dollars worth of btc only on binance.  When i went to withdraw btc... it ask what network?  How come the first two network cost like under twenty cents but the btc cost like 0.0005 btc?  So which would one choose then?  Again... i dont even have 0.0005 btc balance.



I have around 2000 usd worth of an altcoin on binance and about 8 dollars worth of btc on binance. 



How do you recommend i withdraw this?  Seems like i could even withdraw my whole balance at once with the 0.06 btc withdraw limit.



My options seem to be



Sell that 8 dollar worth of btc for that usdt/usdc?   Then withdraw either the usdt/usdc and the altcoin to my wallet?


Sell that 8 dollar worth of btc for that same altcoin I have.  Then withdraw that altcoin whole balance?


Sell the altcoin for btc.  That altcoin can only be traded for BTC or ETH.  Then withdraw the whole btc balance?


Sell the altcoin for btc.  Then sell my btc for either usdt or usdc.  Then withdraw either the usdt/usdc?




What is my best option here?  My issue with keeping that altcoin is im not sure if i could even sell it in the future because I cannot use many exchanges.  It is also an ETH coin so people say im going to pay lot of fees.


But if i trade it all for usdt/usdc... wouldn't i incur lot of fees as well?  I mean i dont mind keep usdt or usdc as its a stablecoin.

You can log in your account and check it. You will know that you can trade or not if you are still not verified.

I think if Binance announced that your account is already restricted, you will no longer be allowed to trade. You can make withdrawal only if you reject to do your identity verification.

Just as i had said earlier above : https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca

New users would definitely need to verify for you to able to make use of their services including trading but if you are an old one and isnt still verified then you could still
make use of their service including trade until on the given time that they had stated.

I got an email that said to continue using binance, i must verify my account within a certain date... otherwise, your account permissions will be temporarily changed to withdraws only.


Does this mean right now at the moment, I could still trade?  Yes or No?

I'm confused by the two different explanations on this.


As of now, I never submitted any KYC.  So as of now I could withdraw up to 0.06 btc a day until that date.  But if i do not plan on submitting any KYC, i should withdraw the max everyday.  Though I wouldn't need to do that since I don't have that much there.


But as of now... is my account WITHDRAW Only?  Someone mention if i wait longer, then my account would be withdraw only... but isn't that my account status already at the moment?



I cannot do any trade at the moment with my account right?  So if after that date, I still did not withdraw my funds, does that mean I cannot withdraw if I don't submit any KYC after that date?



Also wouldn't this mean if someone can't submit KYC due to their country restriction or say they used a fake name, they need to withdraw their entire balance before that date since they won't pass the KYC?  But if they have a high balance where even withdrawing 0.06 btc a day everyday wouldn't be enough to withdraw their entire balance, then they are screwed so to speak? 

The best time would be this instant. But if you're prepared for a much greater risk, you can wait before your account becomes withdraw only. Note that not everyone has the same deadline, binance should inform you thru email, should look like this:



The daily withdrawal limit depends per account, you can check yours by going to the withdrawal page of any coin. Also, yes, if your limit is .06BTC and have more than .06BTC, the excess would have to go thru the next day.

You should still be able to trade unless your account becomes withdraw-only or you have other situation which only applies to you e.g. suspicious account flag

Still opinion based and self explanatory, but in the sense of doing business completing KYC increased your capabilities to use Binance services, with how I understand for those who don't huge amount of assets by completing the level 1 already allows you to deal up to 2btc enough for small traders to consume per daily transactions.

In your case, I agree that Binance gained trust from more users and those who really actively using this exchange there's no problem in completing KYC.

Your investment your decision to make. Just do your own research and weight the pro and con, then decide from how you understand the purpose.

I do understand people who do not want to give their KYC to casinos because it is a casino and you may not want to have your information there, but I do not get it when it is in the exchange world. At the end of the day we are talking about exchanges, if it is illegal in your nation then you will not use it anyway, but if it is legal then all you have to do is give a few of your address, name etc etc and also show your face on binance app, that is literally it for the base one.

You could go with higher one with ID and so forth and get a bigger deal, but for the base one you just have to write some info and show your face to an app, how hard is that? Like I said, KYC is not something I like doing neither for casinos, but for binance? They are trustworthy enough to give a few info and a picture, that is not really too much to ask to participate to the biggest crypto exchange in the world.

Currently, traders who have not passed the verification on the Binance can no longer trade on the exchange. For such traders, only the withdrawal of their funds from the exchange is available. But if you change your mind and still decide to pass KYC, then after passing the verification, trading will be available to you again.