Topic: Do you already noticed about the changing of identity verification of Binance ? - page 4. (Read 493 times)
September 17, 2021, 10:50:44 AM
Binance is aggressively pushing for kyc for all it's customers. There are various lawsuit against binance exchange from different jurisdiction and this might have led to the compulsory kyc for customers. I rarely use centralized exchange these days, I trade my btc on different side chain which are very fast and cost less to trade!
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 17, 2021, 09:46:04 AM
I have a balance above $1000 on Binance, but I don't visit it very often, in fact I keep my balance there. Do I need to check it first? Because I'm not too focused on trading lately, because looking at the market conditions you know from last week it's not good to sell BTC for my portfolio which has entered at a fairly high price, so I don't care about market price conditions for almost 3 weeks.
I think you can check it later to see you are allowed to trade or you could only withdraw your balance and move to the other wallets. But I guess you can still trade but I think you can verify your account so you do not have a problem later. Maybe the best thing that members can do is withdraw their funds to prevent account locking by Binance.I did not know about the news as I have my account verified from a long time ago, so my account is not a problem. Maybe Binance wants their members to pass verification. But if Binance is still forcing their members to pass KYC, I think they will move their funds to the other exchange that does not require KYC to trade with a large amount of money.
September 17, 2021, 06:53:55 AM
I've withdrawn all my coins and left $10 in that account since the date verification was announced.
You will be stupid if you continue to trust them especially after the drastic and rapid changes in identity verification.
The date mentioned on that date is the last, but they have several levels of user evaluation and the withdrawal limits for my account were less than the limits mentioned in the previous announcement.
The good side is that they inform the users in sufficient time.
You will be stupid if you continue to trust them especially after the drastic and rapid changes in identity verification.
The date mentioned on that date is the last, but they have several levels of user evaluation and the withdrawal limits for my account were less than the limits mentioned in the previous announcement.
The good side is that they inform the users in sufficient time.
September 16, 2021, 09:37:49 PM
I have withdrawn almost 70% of my coins from Binance and it is still progressing to 100%. I still have a lot to think about why I should KYC on Binance even though I honestly like trading there the most. I still have a few favorite exchanges to trade on. If they end up requiring KYC, I'll go back to Binance and be forced to give up my identity (I'll avoid it as much as I can).
September 16, 2021, 05:41:33 PM
...Clearly, they are taking this matter seriously and I wonder whether this will cost them a drop in the user base. What do you think?
According to the rating https://coinmarketcap.com/exchanges/binance/, the volume of trade on the Binance for the last 24 hours amounted to $90 billion. Even after the decrease in the number of participants, the trading volume will still be very high, and will provide a high profit for the exchange due to the commission. I think that the number of participants will be reduced due to traders with a small trading volume, because large traders were forced to pass verification earlier.
September 16, 2021, 03:45:58 PM
This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.
Here is a portion of the article. To read it details plz visit the source link .
Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
Yes, Binance has now made another KYC verification announcement that they've now pinned to the top of the trading interface. This crack down on KYC began several months ago by greatly reducing the withdrawal limits to non-KYC users, then it came with new users must KYC to open new accounts and now this.Here is a portion of the article. To read it details plz visit the source link .
Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
Clearly, they are taking this matter seriously and I wonder whether this will cost them a drop in the user base. What do you think?
September 16, 2021, 03:19:08 PM
I have a balance above $1000 on Binance, but I don't visit it very often, in fact I keep my balance there. Do I need to check it first? Because I'm not too focused on trading lately, because looking at the market conditions you know from last week it's not good to sell BTC for my portfolio which has entered at a fairly high price, so I don't care about market price conditions for almost 3 weeks.
September 16, 2021, 02:23:37 PM
This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.
Here is a portion of the article. To read it details plz visit the source link .
-snip-
Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
I thought they did this a month or two ago? Binance services isn't available where I live. Can't even use Binance.us. So was using Binance.com until they started to force people to go through KYC and reduce withdrawal limit. Even though I received an email about changing my withdrawal limit to 0.06 BTC, it was never changed. It's still 2 BTC daily limit for me. I use it sometimes, but not for any large exchange. I don't trust bianance. You never know when they end up locking your account and getting your funds stuck over there forever because they don't support your state. I guess different countries are got them real good with regulation. Last time I read it was Singapore trying to sue binance for not following the countries law. Here is a portion of the article. To read it details plz visit the source link .
-snip-
Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
September 16, 2021, 02:09:50 PM
This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.
Here is a portion of the article. To read it details plz visit the source link .
Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
Yes, I noticed. The first step was to verify my Binance Account Low Quality.But after seeing this notice, I did the Intermediate Verification of my Binance Account later.Those of you who have not done Intermediate Verification of your Bananas Account will do it immediately.Otherwise you may have problems later.Here is a portion of the article. To read it details plz visit the source link .
Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
September 16, 2021, 02:05:24 PM
Yes i have already seen about this notification.
They too notify me that do the verification and get 10 USDT instantly after verifying.
They too notify me that do the verification and get 10 USDT instantly after verifying.
Are you sure it has free 10USDT?
I haven't received 10USDT after intermediate verified or this is only for those who do not yet KYC verified?
I haven't received any notification about this actually but I'm intermediate verified a few months ago.
Just in case someone needs, there are the latest announcements and prizes from Binance - https://www.binance.com/en/support/announcement/c-93?navId=93
Btw seems the era of no KYC takes last breaths.
September 16, 2021, 01:55:33 PM
This warn has made on 2021-08-20 13:01. But today when I using binance app it was showing a notification again and again, And I force me to read it. The notice was about the changing of user Identify verification . A lot of change there. You guys always should take care about it before the deadline.
Here is a portion of the article. To read it details plz visit the source link .
Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
Yes, I noticed. The first step was to verify my Binance Account Low Quality.But after seeing this notice, I did the Intermediate Verification of my Binance Account later.Those of you who have not done Intermediate Verification of your Bananas Account will do it immediately.Otherwise you may have problems later. Here is a portion of the article. To read it details plz visit the source link .
Source: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
September 16, 2021, 01:35:14 PM
Are you sure it has free 10USDT?
I haven't received 10USDT after intermediate verified or this is only for those who do not yet KYC verified?
I haven't received any notification about this actually but I'm intermediate verified a few months ago.
I guess it’s only for the new unverified users. That’s why the users who have done the verification earlier aren’t got this mail or this notification.
So are you sure that I should withdraw the coins before the last date arrives? As they might hold my funds if I don’t do the KYC.
Moreover the reason for which i am not doing the KYC is that, BTC is illegal in my country. It might lead to some sort of legal actions against me.
Better to hold it on external wallet and keep your Private keys safe.
September 16, 2021, 12:55:45 PM
Ok now i know why the verified flag on my account was disappeared, well i have funds on binance and very active perhaps much better to follow the rules indeed binance is reliable when it comes KYC so its a good decision to apply immediately. By the way thanks Op because i used to ignored my notification from binance. Lol now i know what kind of messages it is. 
September 16, 2021, 09:51:07 AM
Thank you for this information, I was really not aware of that it's because I already submitted my KYC document before. Few years back one of the best website that the scammer use is the Binance where they can easily create an account, trade their coins and exchange it to clean coins but I think its for security of the user.
September 16, 2021, 05:27:31 AM
Are you sure it has free 10USDT?
I haven't received 10USDT after intermediate verified or this is only for those who do not yet KYC verified?
I haven't received any notification about this actually but I'm intermediate verified a few months ago.
I guess it’s only for the new unverified users. That’s why the users who have done the verification earlier aren’t got this mail or this notification.
So are you sure that I should withdraw the coins before the last date arrives? As they might hold my funds if I don’t do the KYC.
Moreover the reason for which i am not doing the KYC is that, BTC is illegal in my country. It might lead to some sort of legal actions against me.
September 16, 2021, 03:42:15 AM
I don't get any mail about this from them but i think i get verified then when i registered.
I hope i don't have issue because my entire money is in Binance all because i trust the exchange i think being verify that's why i don't get any mail from them but my advice for anybody who is yet to verify is account should do that before it get out of hand.
I hope i don't have issue because my entire money is in Binance all because i trust the exchange i think being verify that's why i don't get any mail from them but my advice for anybody who is yet to verify is account should do that before it get out of hand.
September 16, 2021, 01:43:17 AM
Haven't exactly been notified yet, I'd reckon it should come in the following week? Might wait for them to actually restrict my account before complying just so that I can see it lmao. I don't have much activities going on for the month anyway.
Am I the only one here who doesn't get it? this becomes a question for me, are they using this change because there is an error in their system and database?
I can't see the details because I didn't get any notification or email regarding this.
It's just KYC level changes, they're pretty much requiring you to identify yourself now before you can even use their site, not really an error in their system. It's more like their site is becoming more and more renowned that they're adjusting the requirements for usage so that they can manage any issues that come up whenever a user has illegal activities or something. I can't see the details because I didn't get any notification or email regarding this.
September 15, 2021, 10:50:34 PM
Yea noticed that during use Binance apps. But I can recall the matter has been discussed multiple times and most probably I were made the first thread. But yes, it's good you remind it again, and Binance giving notice to their users as well. I can't see any mail from them regarding that issue. I think it's quite important to do so because a few users would be out of apps so notice them through the mail and mobile number would speedup users action. My account was fully verified before and now it seems Intermediate Verified. But the limits are the same as before. Most probably that's why I hadn't received any mail or SMS.
September 15, 2021, 10:17:37 PM
I did notice that they are making it even harder to use their services
It's not like that "they are making it difficult for people to use their services" per se, because, perhaps, it is the government that forces binance to comply with the mandatory KYC to their community. Otherwise, they could get red-tagged by the government which could cause a lot of panic to everyone, while being called as an entity who launders money of their people.And for someone who is a verified user, the only thing we could do is to trust them that they are making those information safe.
September 15, 2021, 09:57:37 PM
I did notice that they are making it even harder to use their services. I mean, it's no problem for me or for others to use KYC within their exchange because they are the leading crypto exchange. I'm complying with all the regulations needed, and their service is necessary to me.
For older users, I guess there are just some warnings that you will receive if you are not in the intermediate verified.
For older users, I guess there are just some warnings that you will receive if you are not in the intermediate verified.
The only notification I have received is the funding wallet migration where it combines all of your funds from P2P to Gift cards into one place.
I second this. That's the only notification that I had. Probably because we are already verified? Jump to: