Code:
https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
They only allowed now the withdrawal for the no verified users so it's looks like mandatory to make a following the KYC verification of their platform.
Topic: Does Binance need kyc to do any trading? - page 4. (Read 571 times)
From the previous time with binance, they are allowing their non-verified users to make a deposit and withdraw just the use of the basic verification without having ID.
They only allowed now the withdrawal for the no verified users so it's looks like mandatory to make a following the KYC verification of their platform.
They only allowed now the withdrawal for the no verified users so it's looks like mandatory to make a following the KYC verification of their platform.
This is very sad because I personally use this exchange for very long time and never have any issue in any deposit, trading or withdraw, but suddenly they send an email please verify your account otherwise your account could be restricted I never take this seriously because I was feeling may be this is just for pursuing, but they will never do anything.
But now they disable my deposits and I can't do any trading just able to withdraw my funds if I don't like this KYC, after reading many articles and other updates now realizing they are right in this case because now many countries insisting for this otherwise they have to shut down their all business.
So, now we have to live with this because we have no good choices without this KYC, if we want to live in some better and secure environment then we need to clear this also.
I also don't like what happened although I am one of the guys who did KYC years ago because of an issue regarding my 2FA. They won't let me through if I won't submit any information and my account will just be forfeited. All we could do is to find a new exchange that provide the same service as Binance before the mandated KYC and of course trust rating should be part of it. But now they disable my deposits and I can't do any trading just able to withdraw my funds if I don't like this KYC, after reading many articles and other updates now realizing they are right in this case because now many countries insisting for this otherwise they have to shut down their all business.
So, now we have to live with this because we have no good choices without this KYC, if we want to live in some better and secure environment then we need to clear this also.
I think Kucoin still offers a non-KYC trade, deposits and withdrawals. We are back to research if we don't agree with them. Perhaps a new exchange will come out again to take the top rank.
Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?
Thanks in advance!
Thanks in advance!
I am one of the regular trader in Binance dude, I could say that before yes, you are not oblige to submit KYC, until your not reaching the limit amount of your withdrawal over this platform. But, recently, they've changed were all traders are oblige to submit some of the requirements were binance need it to any user to verify if it is really you.
Before now, it was true you don't need kyc to trade two bitcoin a day for withdrawal. However, binance have been under the pressure lately to kyc it's users so there could be proper documentation to protect against money laundering and other related crimes. What that means for users is that you must kyc no matter amount of bitcoin that you trade. In my opinion, kyc on binance is very simple and straight straight forward!
This is one of the reason why Binance is already asking for a basic information, KYC is a thing now and regulations are getting strict with Binance which can affect their system if they didn’t follow that so they have no choice but to implement this one now. Binance US for sure they are also asking for a basic KYC, if you’re good with that you can easily fill it and enjoy the Binance services.But now they disable my deposits and I can't do any trading just able to withdraw my funds if I don't like this KYC, after reading many articles and other updates now realizing they are right in this case because now many countries insisting for this otherwise they have to shut down their all business.
So, now we have to live with this because we have no good choices without this KYC, if we want to live in some better and secure environment then we need to clear this also.
~
Binance US for sure they are also asking for a basic KYC, if you’re good with that you can easily fill it and enjoy the Binance services.
They are not asking to verify your account for US customers but for everyone i believe. I was trading with them from the start and my monthly volume i usually would adjust within their limits to avoid their KYC but two days back they asked me to verify the account if i want to continue trading or asked me to withdraw the coins, basically i was asked to verify my account to continue trading or move out. Binance US for sure they are also asking for a basic KYC, if you’re good with that you can easily fill it and enjoy the Binance services.
Not sure about binance US but I've heard there's a policy of new accounts needing kyc before you can trade with them now?
Binance has been made mandatory for all the traders and you wouldn't even see Wallet Address deposit like it use to be in the past, to trade you must undergo an intermediate due to the new regulation.
Binance has to comply to survive if not they would loose every customer they work for so far from 2018 and it's as if all countries were doing it on purpose by sending Binance away from their space, they had to bend the rule of decentralization with minimum withdrawal of 2 btc to intermediate kyc, don't blame them but the country who were kin on anti money laundering scheme.
As a user neither old or new one then you would really be need to verify for you to make use of all of features and services but if you dont like kyc then you could choose up another exchange.
Its up to your own choice and Binance is just doing on whats right and as a crypto enthusiast then theres nothing we can do.
Before now, it was true you don't need kyc to trade two bitcoin a day for withdrawal. However, binance have been under the pressure lately to kyc it's users so there could be proper documentation to protect against money laundering and other related crimes. What that means for users is that you must kyc no matter amount of bitcoin that you trade. In my opinion, kyc on binance is very simple and straight straight forward!
This is one of the reason why Binance is already asking for a basic information, KYC is a thing now and regulations are getting strict with Binance which can affect their system if they didn’t follow that so they have no choice but to implement this one now. Binance US for sure they are also asking for a basic KYC, if you’re good with that you can easily fill it and enjoy the Binance services. Not sure about binance US but I've heard there's a policy of new accounts needing kyc before you can trade with them now?
Binance has been made mandatory for all the traders and you wouldn't even see Wallet Address deposit like it use to be in the past, to trade you must undergo an intermediate due to the new regulation.
Binance has to comply to survive if not they would loose every customer they work for so far from 2018 and it's as if all countries were doing it on purpose by sending Binance away from their space, they had to bend the rule of decentralization with minimum withdrawal of 2 btc to intermediate kyc, don't blame them but the country who were kin on anti money laundering scheme.
The days of decentralization is gone, exchanges are regulated so they should abide by the rules for them to continue operating, even their so-called DEX is not fully decentralized at all, so what could we expect on their centralized exchange, of course, it should not be different from the others.
The popularity of crypto is unstoppable, so the government's job is to tighten its regulation regarding crypto so they would not be use for money laundering and since everyone exchanges their bitcoin to fiat, then obviously regulators will target exchanges to be more compliant.
Not sure about binance US but I've heard there's a policy of new accounts needing kyc before you can trade with them now?
Binance has been made mandatory for all the traders and you wouldn't even see Wallet Address deposit like it use to be in the past, to trade you must undergo an intermediate due to the new regulation.
Binance has to comply to survive if not they would loose every customer they work for so far from 2018 and it's as if all countries were doing it on purpose by sending Binance away from their space, they had to bend the rule of decentralization with minimum withdrawal of 2 btc to intermediate kyc, don't blame them but the country who were kin on anti money laundering scheme.
Before now, it was true you don't need kyc to trade two bitcoin a day for withdrawal. However, binance have been under the pressure lately to kyc it's users so there could be proper documentation to protect against money laundering and other related crimes. What that means for users is that you must kyc no matter amount of bitcoin that you trade. In my opinion, kyc on binance is very simple and straight straight forward!
With the recent update of Binance, is kinda mandatory and necessary to pass KYC before you can fully make use of the Binance exchange. Binance has been the most trusted exchange I have ever known. Giving out my information to them will never result in an issue I will regret in year's to come.
Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?
Thanks in advance!
they already informed each users to have KYC in order to enjoy the full feature within the platform so probably that's the new policy of binance, in fact there are some complaints because they don't update their KYC during the said date and you know their accounts turn into withdrawal only, so that's what it's wherein no other option, if you really want to use their service just follow their rules.. Thanks in advance!
Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?
Thanks in advance!
they already informed each users to have KYC in order to enjoy the full feature within the platform so probably that's the new policy of binance, in fact there are some complaints because they don't update their KYC during the said date and you know their accounts turn into withdrawal only, so that's what it's wherein no other option, if you really want to use their service just follow their rules.. Thanks in advance!
I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day.
Existing user, those still not complete full kyc verification now their daily withdrawal limit is 0.06 BTC that was 2 BTC on the past.For New user, need KYC verification and without any verification they can't access full feature of Binance exchange, and for Old user, those used Binance exchange without kyc verification, now need kyc for using Binance exchange otherwise they can't access all feature, that's clear that all user's need verified account.
This has come as no surprise at all, maybe some who got serious dealing with their privacy might be an issue but as this was become mandatory, that they need to provide or to stop using their services instead.
Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?
Thanks in advance!
Good on before but not on this upcoming update.Thanks in advance!
They would requiring all users for Intermediate Verification.Therefore, there would be no already that limit of 0.06/day.
https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
For new users then it would be effective immediately but for old users they do still have 20 days from now as of writing for them to comply.
After over 2 years i had to left binance : not for KYC (i done it due i deposited and withdrawal FIAT) but because it no longer to offer future trading for my country 
That's a sad thing for you mate, but need not to worry since Binance isn't the best in terms of futures trading, personal experience. There's Bybit, FTX and much more for you to discover.
After over 2 years i had to left binance : not for KYC (i done it due i deposited and withdrawal FIAT) but because it no longer to offer future trading for my country
I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day.
Existing user, those still not complete full kyc verification now their daily withdrawal limit is 0.06 BTC that was 2 BTC on the past.For New user, need KYC verification and without any verification they can't access full feature of Binance exchange, and for Old user, those used Binance exchange without kyc verification, now need kyc for using Binance exchange otherwise they can't access all feature, that's clear that all user's need verified account.
Try to read people's replies from the beginning, you can see this link
https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
Yes, unverified account in kucoin has still daily withdrawal limit of 5 btc, so maybe, take advantage of this opportunity before they start requiring their traders to undergo this obligatory KYC also. Some binance traders will look for other options especially those who don't want to submit their details. I was ok when Binance reduced the daily withdrawal limit to 0.06 btc for unverified as I am only small trader but when they totally implement full kyc for all users, then, I guess some traders will really look for other exchanges.
On KuCoin, as well as on Binance, for those who have not passed verification, there are a number of restrictions for the use of their services. These restrictions are not limited only to the withdrawal limit, but there is also a ban on participation in launchpads and margin trading.
Hey guys! I got a quick question. I have heard that on binance, you dont need to submit a KYC as long as youre not trading over 0.06 btc a day. Is this true with Binance.us?
Thanks in advance!
That is probably not only in the US alone. They are making this in all places, I guess.Thanks in advance!
Maybe they are strict on complying with KYC this time as I receive an email in the past days that I need to complete my KYC in order to make withdrawals, but the deposit is still open. I'd just to wonder honestly why they should have to ask it even we just make a small amount of withdrawals, that probably because of the government policy or they just want to give safety on our account.
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