As cryptocurrencies continue their meteoric rise with market caps breaking $2 trillion in 2021, leading exchange Binance processed trades over $50 billion daily. However, traders cannot access Binance‘s full suite of services until account verification is completed. This comprehensive 4-step guide covers everything you need to swiftly verify your Binance account.
Why Verify Your Binance Account?
Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations require crypto exchanges to validate user identities. These rules were introduced after several high-profile exchange hacks including Mt. Gox, Bitfinex and Coincheck which caused $500+ million in losses!
Additionally, unverified accounts on Binance face major limitations including:
- Maximum 2 BTC (~$90,000) equivalent withdrawals per day
- Disabled bank account transfers
- Lower $50,000 daily trading limits
By completing verification, all limits are lifted allowing seamless deposits, trades, withdrawals and transfers.
Let‘s get your account verified in just 5 minutes!
Step 1 – Verify Email Address
Visit Binance or download the app for iOS/Android.
Register with your email, set a strong password and enter referral ID: 73583477
Open the confirmation email sent to your inbox and copy the code into Binance to verify your email. Verification is instantaneous.
Pro Tip: Always access your Binance account via a frequently used, secure email to enable prompt notifications.
Step 2 – Complete Basic Verification
With email verification completed, provide your core personal details:
- Full legal name
- Date of birth
- Nationality
- Residential address
Ensuring info accuracy from the start prevents verification delays down the line.
Step 3 – Select Identity Document
To lift trading and withdrawal limits, an identity document needs verification via Binance‘s KYC procedures.
Globally accepted options include:
- National ID card (Aadhaar card, NIC, etc.)
- Passports
- Driving License
- Singapore‘s NRIC number
- EU National Identity cards
Select the most convenient option and continue.
Step 4 – Upload ID and Selfie
As the final step, upload images of your chosen document along with a live selfie.
For best results, follow these tips:
- Ensure ID photos are clear without blur or glare
- Crop images so ID details are centered
- Selfie should have neutral expression with eyes open
- Avoid hats/glasses that obstruct facial features
- Optimal resolution is 600×800 pixels
Once uploads are complete, facial recognition matches your selfie to the ID. Verification is approved within 5 minutes in most cases.
With all steps finalized, trading limits are removed allowing seamless access to Binance‘s services!
Troubleshooting Tips
In rare cases, verification may be delayed or rejected if submitted details/images don‘t meet internal checks. Follow these tips to rectify:
- Double check all personal information entered matches your documents
- If selfie fails, adjust angle/distance and ensure optimal lighting
- Scan or take photos of IDs in better focus to highlight details
- Compress images below 2MB before uploading
- Contact Binance support via live chat for personalized assistance
Conclusion
Completing Binance‘s verification process unlocks the full suite of services offered allowing unrestricted deposits, high-volume trading and withdrawals. Accounts stay within imposed limits unless identities are validated via KYC procedures.
With your account now verified, get ready to trade your favorite cryptocurrencies on the world‘s leading exchange!
