In Binance, can an unverified user withdraw part of their crypto...

Potato Chips

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Quote from: logfiles on November 24, 2021, 06:21:18 PM

I think the whole binance verification thing of flawed, or they are just pretending to verify users just to get the law enforcement agencies off their asses. I have a friend try to verify their binance account the other day. The first verification step was the video part. They did is 3 times with an error that verification failed, and then on the 4th attempt. Account was showing as verified minus them, even uploading any other documents like ID Grin

The process is automated and is indeed flawed. But it applies in every CEX not just binance although you could say that such flaws are more prevalent in binance/other exchange. This is why others have manual verification where you get an actual human to review your case instead. The latter isn't far from reality either since their by phase roll out of withdraw-only for existing users was their means of slowing down their KYC for all.

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Quote from: examplens on November 25, 2021, 05:22:16 AM

He can withdraw his money, but he can't trade or exchange in any solution. So he must withdraw x, y and Z coins, he can't exchange them all to BTC so then withdraw Bitcoin.

He can't trade or exchange coins from an unverified account. All he can do is to withdraw his coin.
However, there is still a way to trade on binance without passing kyc, actually, without even having an account. You can do this by using the Safepal wallet. Here is a thread explaining how it works. Many members tried it and confirmed that it works:
Trading on Binance Without KYC via Safepal

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Quote from: Oshosondy on November 25, 2021, 03:05:19 AM

Quote from: Turbolantern on November 24, 2021, 04:12:18 AM

For example, if I have 100 usd worth of each X, Y and Z coin, can I withdraw only 10 usd worth of Y coin?

You are playing with your money, but the result may not be good, I will advice you to withdraw all you money from binance if you do not want to get verified on binance. I am still surprised that some people will still have this type of question.

yes, especially with one login he can check limits on his accounts. but I guess he expects to hear some secret way here how to still use Binance without passing KYC.
He can withdraw his money, but he can't trade or exchange in any solution. So he must withdraw x, y and Z coins, he can't exchange them all to BTC so then withdraw Bitcoin.

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Quote from: Turbolantern on November 24, 2021, 04:12:18 AM

For example, if I have 100 usd worth of each X, Y and Z coin, can I withdraw only 10 usd worth of Y coin?

You are playing with your money, but the result may not be good, I will advice you to withdraw all you money from binance if you do not want to get verified on binance. I am still surprised that some people will still have this type of question. Remember not your key not your coin. Move your coins to a noncustodial wallet or better move it to the exchange that you will like to trade if you are a trader after reading their terms and conditions and you prefer it.

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Quote from: Turbolantern on November 24, 2021, 04:12:18 AM

Or does it have to be all of it, whether for that particular currency or all the currencies held?

For example, if I have 100 usd worth of each X, Y and Z coin, can I withdraw only 10 usd worth of Y coin?

You should be able to but you'll never know when they'll strike you with a KYC mandate. It happened to me before. I was trading and withdrawing happily and one day out of the fucking blue they decided to lock my acc and ask for a KYC. Since the amount I was holding that time was quite big, I had to comply. Everything is going fine since then but I feel like I was tricked into this. Sooner or later they'll ask for a KYC. It'll happen to every single active unverified account there is.

The Cryptovator

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I am wondering why OP wants to withdraw partially where you can't trade there? Your account unverified means account mode turned into withdraw only. Withdraw is partially just a waste of fee and risk as well. They could disable unverified accounts at any time which will force KYC verification to withdraw from there. Keep in mind, Binance isn't like a wallet. Its centralized exchange where they could implement any rules at any time. So better to withdraw fully or verify your account.

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Quote from: BitMaxz on November 24, 2021, 06:37:01 PM

Quote from: dkbit98 on November 24, 2021, 06:28:46 AM

You must try and see yourself if it works with convert option.
I don't think that regular trading is available for most unverified accounts in Binance, but I heard some people can still trade until December.

According to the Binance announcement, those who are still not KYC verified won't be able to trade or use any products and services available from Binance.

So I think he won't be able to trade or convert any crypto from his wallet the only option for the non-KYC verified account is to withdraw.

Apparently, the implementation of their new policy is not made one-time. There are probably many old nonverified accounts until now that could still make deposits and create trade orders. OP will have to check it for himself/herself in his account's limits.

My Binance account still had the 2BTC limit way beyond the deadline indicated in their official announcement. It was only recently that they changed it to withdrawal only as I repeatedly rejected their emails requiring KYC verification.

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Quote from: dkbit98 on November 24, 2021, 06:28:46 AM

You must try and see yourself if it works with convert option.
I don't think that regular trading is available for most unverified accounts in Binance, but I heard some people can still trade until December.

According to the Binance announcement, those who are still not KYC verified won't be able to trade or use any products and services available from Binance.

So I think he won't be able to trade or convert any crypto from his wallet the only option for the non-KYC verified account is to withdraw.

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Quote from: Potato Chips on November 24, 2021, 05:53:09 PM

Some pre-mandatory KYC unverified accounts still have the 2BTC daily withdrawal limit. To check yours, refer to your withdrawal page (https://www.binance.com/en/my/wallet/account/main/withdrawal/crypto/)

I think the whole binance verification thing of flawed, or they are just pretending to verify users just to get the law enforcement agencies off their asses. I have a friend try to verify their binance account the other day. The first verification step was the video part. They did is 3 times with an error that verification failed, and then on the 4th attempt. Account was showing as verified minus them, even uploading any other documents like ID Grin

Potato Chips

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Some pre-mandatory KYC unverified accounts still have the 2BTC daily withdrawal limit. To check yours, refer to your withdrawal page (https://www.binance.com/en/my/wallet/account/main/withdrawal/crypto/)

The total amount you will receive (minus the fees) would show up after all the fields have been filled out in the withdrawal page as well.

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Quote from: Turbolantern on November 24, 2021, 06:25:50 AM

Is the 0.17 gas fees? If it is then doesn't Binance charge a fee for their service? Or is the 0.17 their service charge and the gas fees will be separate?

Binance charges flat fees for withdrawals which cover the transactions costs. So yes, only 0.17 will be deducted from the amount withdrawn and you don't have to worry about the transaction fees.
If your account has been restricted then you can't convert your coins anymore but you can withdraw whatever amount you want as long as it's not less than the minimum limit. But why would you do that! It doesn't make sense unless you intend to verify your account.

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Quote from: cabron on November 24, 2021, 06:40:37 AM

As far as I know, an unverified user can only withdraw are not able to trade too, so if you have no plans of verifying your account, withdrawing is your only option.

This is only applicable to binance existing users (registered before 2021-10-19), this is upon their new terms which was affected to those issue of regulations.

All binance new users or those who will want to register will be required to do kyc upon their registration.

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Quote from: Turbolantern on November 24, 2021, 04:12:18 AM

Or does it have to be all of it, whether for that particular currency or all the currencies held?

For example, if I have 100 usd worth of each X, Y and Z coin, can I withdraw only 10 usd worth of Y coin?

Yes, but there are two limits that make you think before you withdraw, one is the withdrawal fee, which varies by coins, and the second is the daily limit for withdrawal, which is 0.06BTC for all accounts (Some accounts have 0.05 limit.)

you can track fees here ---> https://withdrawalfees.com/coins

You can reduce the fees by withdrawing bitcoins using BSC and then trying to exchange them on any platform with lower fees instead of 0.005BTC per each.

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As far as I know, an unverified user can only withdraw are not able to trade too, so if you have no plans of verifying your account, withdrawing is your only option.

Quote from: Turbolantern on November 24, 2021, 06:25:50 AM

Are those the only fees incurred when withdrawing?
For example if I'm withdrawing 10 MATIC, it says the fee is 0.17 MATIC, does that mean I'll end up with 9.83 MATIC (10−0.17=9.83)?
Is the 0.17 gas fees? If it is then doesn't Binance charge a fee for their service? Or is the 0.17 their service charge and the gas fees will be separate?

It's the withdrawal fee $0.17, I'm not sure if there is a gas included there. Gas is only for transactions from wallet to wallet, the withdrawal fee is different. I'm not aware, does Matic have gas?

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Quote from: Turbolantern on November 24, 2021, 06:25:50 AM

Are those the only fees incurred when withdrawing?

For example if I'm withdrawing 10 MATIC, it says the fee is 0.17 MATIC, does that mean I'll end up with 9.83 MATIC (10−0.17=9.83)?

Is the 0.17 gas fees? If it is then doesn't Binance charge a fee for their service? Or is the 0.17 their service charge and the gas fees will be separate?

The short answer is yes.
It's the only fee and it is greater than the tx fee/gas fee, since it covers it.
For example (from your numbers) it can easily be that the actual gas fee was 0.1 MATIC and Binance keeps 0.07 MATIC for themselves.

However, be very careful on which blockchain chain you withdraw, because the recipient wallet/address has to be on the same chain, else you won't receive anything.

I am not familiar with MATIC, but, for example, if I want to withdraw Bitcoin, I have to use bitcoin blockchain (BTC or SegWit) if I want to receive Bitcoin. If I select ETH I may have to provide an ETH address and I will probably receive some ERC20 token. However, I never did that because it can cause headaches. The idea is: choose the chain carefully.
Again, I am not familiar with MATIC, but I am not convinced that the withdrawal is supposed to be on Binance chain.

dkbit98

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Quote from: Turbolantern on November 24, 2021, 06:18:27 AM

Can unverified users convert?

You must try and see yourself if it works with convert option.
I don't think that regular trading is available for most unverified accounts in Binance, but I heard some people can still trade until December.

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Quote from: NeuroticFish on November 24, 2021, 04:22:37 AM

Quote from: Turbolantern on November 24, 2021, 04:12:18 AM

For example, if I have 100 usd worth of each X, Y and Z coin, can I withdraw only 10 usd worth of Y coin?

It may worth taking a look here: https://www.binance.com/en/fee/cryptoFee

Are those the only fees incurred when withdrawing?

For example if I'm withdrawing 10 MATIC, it says the fee is 0.17 MATIC, does that mean I'll end up with 9.83 MATIC (10−0.17=9.83)?

Is the 0.17 gas fees? If it is then doesn't Binance charge a fee for their service? Or is the 0.17 their service charge and the gas fees will be separate?

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Quote from: dkbit98 on November 24, 2021, 05:19:37 AM

Quote from: Turbolantern on November 24, 2021, 04:12:18 AM

Or does it have to be all of it, whether for that particular currency or all the currencies held?

You can withdraw only coins that you have in your balance, or you can convert everything in one coin (Bitcoin, etc) and withdraw it all or partially.
Note that in near future Binance may also remove the withdrawal option for unverified accounts, so I would suggest that you either withdraw coins now or submit verification details.

Can unverified users convert?

dkbit98

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Quote from: Turbolantern on November 24, 2021, 04:12:18 AM

Or does it have to be all of it, whether for that particular currency or all the currencies held?

You can withdraw only coins that you have in your balance, or you can convert everything in one coin (Bitcoin, etc) and withdraw it all or partially.
Note that in near future Binance may also remove the withdrawal option for unverified accounts, so I would suggest that you either withdraw coins now or submit verification details.

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Quote from: Turbolantern on November 24, 2021, 04:12:18 AM

For example, if I have 100 usd worth of each X, Y and Z coin, can I withdraw only 10 usd worth of Y coin?

Of course you can withdraw any amount, as long as it's under the max limits (0.06BTC) and it's over the min withdrawal limits for a coin. Also you should check carefully the withdrawal fees for the coin you want to withdraw, else you may end up with 3$ withdrawn and 7$ fees (just an example). It may worth taking a look here: https://www.binance.com/en/fee/cryptoFee

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