What happens when USA KYc is used on Binance international?

Potato Chips

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Quote from: deeper12 on February 12, 2023, 02:44:31 PM

Issue in question is older account from pre kyc days where funds are still on there but unable to withdrawal. IF that person KYCs as US will they be able to withdrawal? If account closed not a problem but will funds be able to withdrawal. It sounds like yes?

To clarify, yes, you should be able to withdraw your funds. Here are some responses from their official support:

Quote from: https://www.reddit.com/r/binance/comments/110zxhn/binance_support_thread/

4. US persons accessing old Binance.com accounts for offboarding & withdrawal of funds

● If you experience issues with withdrawing remaining funds, follow the above steps to get to our live chat queue - our agents will try our best to assist you with the offboarding.

Quote from: binance self-help bot

US users cannot withdraw crypto

You may have to login for us to identify your specific issue. Please [click here](https://www.binance.com/en/my/wallet/account/main/withdrawal/crypto/) to login to your account and click **Cannot Withdraw Crypto** again for us to troubleshoot your withdrawal issue.

Binance strives to operate in compliance with global legal requirements. For US account user, you can withdraw your funds within 7 days. Please click the above link for your further action and ONLY proceed to contact Customer Service team if you are unable to complete the above steps.

Note: the self-help bot may suggest you to verify straight away but I think you should contact an agent (real person) first in the live chat just so you're extra sure you aren't taking any unnecessary steps.

Husires

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Quote from: deeper12 on February 12, 2023, 02:21:40 PM

If a binance (non US) account becomes locked behind a KYC wall and the user provides US KYC docs what happens? Anyone tested? Thanks

Contact Binance support if you have not used VPN or tried in any way to use your account as if you are not a US citizen, your chance will increase if you have not logged in since they updated their terms of service.

They will just put your account into withdrawal mode and you will not be able to use .com for trading again.

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Quote from: deeper12 on February 12, 2023, 02:44:31 PM

Issue in question is older account from pre kyc days where funds are still on there but unable to withdrawal. IF that person KYCs as US will they be able to withdrawal? If account closed not a problem but will funds be able to withdrawal. It sounds like yes?

Nobody can guarantee you this. It's not as easy as it was when the policy on US residents using the platform was implemented. Correct me if I'm wrong but US residents were banned from using Binance.com in 2019. That's several years ago. Where was the owner of this account all these years? To the platform, this is probably a suspicious activity and might trigger some security alarms.

I second OmegaStarScream's suggestion to contact Binance directly and provide justification not just as to why the delayed move from Binance.com to Binance.us but also the delayed compulsory KYC.

PX-Z

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Quote from: deeper12 on February 12, 2023, 02:44:31 PM

Issue in question is older account from pre kyc days where funds are still on there but unable to withdrawal. IF that person KYCs as US will they be able to withdrawal? If account closed not a problem but will funds be able to withdrawal. It sounds like yes?

Yes, they should. They should let you withdraw the funds there, locked the account and offer you to open a binance.US account instead if you want to continue using the binance platform/service.

OmegaStarScream

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Quote from: deeper12 on February 12, 2023, 02:44:31 PM

Issue in question is older account from pre kyc days where funds are still on there but unable to withdrawal. IF that person KYCs as US will they be able to withdrawal? If account closed not a problem but will funds be able to withdrawal. It sounds like yes?

After reading the post above, I checked the terms of service but I think it's difficult to say whether they'll just put your account in withdrawal mode only, or lock it completely since the U.S doesn't fall under the category of sanctioned countries:

Quote from: https://www.binance.com/en/blog/ecosystem/my-account-is-locked-what-do-i-do-3129250400431486605

3. Sanctions:

If you live in a comprehensively sanctioned country or territory, we will have to lock your account and initiate off-boarding. Most of the time, you simply won’t be able to sign up, or pass KYC. But new rules do come up, especially given the ever changing geopolitical environment.

Please understand, we don’t make sanction laws, but we must follow them. There isn’t any choice here. In most instances, your account will be put into withdrawal only mode, and you must withdraw your assets. For users that are affected by these restrictions, we will give notice in advance to allow them to take any necessary action.

4. Restricted Countries
-snip-
For example, if you traveled to the US and accessed your account, our system will lock your account and ask you to verify that you are not an US citizen and do not live in the US. This is to ensure no US citizens or residences are using Binance.com (they may instead use Binance.US).
-snip-

Have you tried to reach out to the support team and ask them directly?

deeper12

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Issue in question is older account from pre kyc days where funds are still on there but unable to withdrawal. IF that person KYCs as US will they be able to withdrawal? If account closed not a problem but will funds be able to withdrawal. It sounds like yes?

JeromeTash

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Quote from: deeper12 on February 12, 2023, 02:21:40 PM

If a binance (non US) account becomes locked behind a KYC wall and the user provides US KYC docs what happens? Anyone tested? Thanks

Once they discover that you are a US citizen, you will never be able to use their platform again. From what I know, your account will be blocked but will be on only withdrawal mode. You won't be able to trade, covert, stake, deposits, etc

Terms can easily change. Who knows, that these days they could be completely blocking your account. I suggest you don't risk doing anything on Binance.com if you are a US Citizen.

OmegaStarScream

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Quote from: deeper12 on February 12, 2023, 02:21:40 PM

If a binance (non US) account becomes locked behind a KYC wall and the user provides US KYC docs what happens? Anyone tested? Thanks

You're saying that a non-US account got locked. What do you mean by that? You haven't used the account since Binance enforced KYC on everyone, or are they asking you re-submit your documents?

Anyway, I haven't tested this myself but since Binance.com doesn't accept US citizens, your application will probably get denied.

deeper12

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If a binance (non US) account becomes locked behind a KYC wall and the user provides US KYC docs what happens? Anyone tested? Thanks

Topic: What happens when USA KYc is used on Binance international? (Read 77 times)