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How to Apply for Entity Verification

2018-09-10 08:01
To apply for Entity Verification, please follow the step-by-step guide below:
1. Register a Binance account or log in to your existing account first.
A. If you do not have a Binance account:
i) Click [Register] on the Binance homepage.
ii) Choose your current country/area of residence and click [Confirm]. For European users, you can proceed to choose [Create Entity Account].
iii) Enter your email address and complete the email verification.
iv) Click [Go to Dashboard] and you will be automatically prompted to enable 2FA security verification. You can choose to [Enable Binance/Google Authenticator] or [Phone verification].
v) After enabling 2FA, click [Verify] on the top of the page.
B. If you have an existing unverified Binance account:
i) Click [Log In] on the Binance homepage.
ii) Go to [Profile] and click [Identification], then select [Entity Verification] to start.
Please note that if your email has already been linked to a Personal Account, it cannot be upgraded to an Entity Account. Please make sure that you submit the Entity verification with an unverified account.
2. Click [Verify].
3. Select the country/region of registration and entity type.
Please select the entity type and country carefully. If you need to change to another country/region of registration or entity type during the verification process, you will be required to start from the beginning.
4. You will be asked to prepare a list of documents before you start the entity verification process. The required documents vary depending on the country/region of registration and the entity type you select.
You can refer to the Frequently Asked Questions below for more details about the documents required.
You can click [Begin Verification] to continue, or click [Change Entity Type or Jurisdiction] to select a different type/jurisdiction.
5. Fill in the basic information and click [Continue]. You can also click [Save As Draft] anytime during the verification process.
6. Upload the corporate documents based on the requirements.
7. Enter the directors information and upload the required documents.
Please note:
  • For Identification Document (ID), please upload a copy of the passport or ID card to prove the director’s nationality (driver’s license is not accepted);
  • For selfies, please upload in full color. Do not use screenshots, photocopies, or photoshopped/filtered images.
  • Supported files include .jpeg .jpg and .png formats.
8. Enter the information of the Ultimate Beneficial Owners (UBO) and upload the required documents.
9. Enter the information of your authorized dealers/traders and upload the required documents.
Toggle on the [Main] button if the dealer/trader is the one that uses the exchange most frequently.
Please note that the Main Dealer is required to perform Face Verification in the next step.

10. You can open your Binance App to scan the QR code and complete the Identity Verification on your phone, or click the screen icon on the bottom right to complete the verification on your computer.
Please do not wear hats, glasses, and do not use filters. All photos must be taken under sufficient lighting.
After that, click [I have completed this on my phone].
11. Read and agree to the declaration. Check the box next to [I/we understand and agree to the declaration] and click [Continue].
12. Your application is successfully submitted. You will be notified once the review is completed.

Frequently Asked Questions

1. What documents are required for the Entity Verification?
  • Certificate of Incorporation
  • Memorandum & Articles of Association/Constitution/By-Laws
  • Registration of Directors/Certificate of Incumbency/Business Registry or equivalent
This should be issued within the last 12 months, and include the information of current directors.
  • Registration of Members (Shareholders) / Certificate of Incumbency/Business Registry or equivalent
This should be issued within the last 12 months, and include the information of current shareholders.
  • Ownership structure
Please indicate the information of all UBOs (at least 25%), and include the director's sign-off with the latest issue date.
Download this sample.
  • Sanctions questionnaire
Download and complete this sample, then upload it to the system.
  • Letter of Authorization
1) The authorized traders should be consistent with the person(s) in the Trader section.
2) For Binance Pay merchants/partners - Please provide a resolution of the Board of Directors authorizing the list of person(s) to act on behalf of the company.
Download and complete this sample, then upload it to the system.
  • Current operating status
Please upload one of the below documents (issued within the last 3 months) for the current operating status:
1) A complete screenshot from the government website which contains the current company details. Please make sure to include the system clock and date.
2) Certificate of Incumbency;
3) Certificate of Good Standing.
  • Intermediaries (at least 25%, if any):
1) Certificate of Incumbency/Register of Shareholders (Members)/Business Registry or equivalent (with the owner’s information);
2) Certificate of Good Standing/Certificate of Incumbency/Business Registry or equivalent (with the current operating status).
  • Company website (if the company does not have a website, please put "N/A")
  • Valid passports/National IDs of related parties
Valid passports/National IDs of all Directors, Ultimate Beneficial Owners (at least 25%), and all Traders.
  • Recent selfies of related parties
Recent selfies of all Directors, Ultimate Beneficial Owners (at least 25%), and all Traders.
  • Certificate of Incorporation
  • Partnership Agreement
  • Registration of Partners / Certificate of Incumbency/Business Registry or equivalent
This should be issued within the last 12 months, and include the information of current partners.
  • Ownership structure
Please indicate the information of all UBOs (at least 25%), and include the director's sign-off with the latest issue date.
  • Sanctions questionnaire
Download and complete [this sample], then upload it to the system.
  • Letter of Authorization
1) The authorized traders should be consistent with the person(s) in the Trader section.
2) For Binance Pay merchants/partners - Please provide a resolution of the Board of Directors authorizing the list of person(s) to act on behalf of the customer.
Download and complete [this sample], then upload it to the system
  • Current operating status
Please upload one of the below documents (issued within the last 3 months) for the current operating status:
1) A complete screenshot from the government website which contains the current company details. Please make sure to include the system clock and date.
2) Certificate of Incumbency;
3) Certificate of Good Standing.
  • Intermediaries (at least 25%, if any):
1) Certificate of Incumbency/Register of Shareholders (Members)/Business Registry or equivalent (with the owner’s information);
2) Certificate of Good Standing/Certificate of Incumbency/Business Registry or equivalent (with the current operating status).
  • Company website (if the company does not have a website, please put "N/A")
  • Valid passports/National IDs of related parties
Valid passports/National IDs of all Directors/Officers/Managers (or equivalent), Partners (at least 25%), and all Traders.
  • Recent selfies of related parties
Recent selfie of all Directors/Officers/Managers (or equivalent), Partners (at least 25%), and all Traders.
  • A registration document of the Trust
  • Trust Deed
  • Ownership structure
Please indicate the information of the settlor, trustees, beneficiaries and protector/enforcer/grantor(if any), with the trustee's sign-off and the latest issue date.
  • Sanctions questionnaire
Download and complete [this sample], then upload it to the system.
  • Letter of Authorization
1) The authorized traders should be consistent with the person(s) in the Trader section.
2) For Binance Pay merchants/partners - Please provide a resolution of the Board of Directors authorizing the list of person(s) to act on behalf of the customer.
Download and complete [this sample], then upload it to the system.
  • Current operating status
A complete screenshot from the government website which contains the current details of the Trust/Trustee. Please make sure to include the system clock and date.
  • Intermediaries (at least 25%, if any):
1) Certificate of Incumbency/Register of Shareholders (Members)/Business Registry or equivalent (with the owner’s information);
2) Certificate of Good Standing/Certificate of Incumbency/Business Registry or equivalent (with the current operating status).
  • Corporate entity (If any) (e.g. Trustee / Beneficiary etc.):
1) Certificate of Incorporation;
2) Memorandum & Articles of Association/Constitution/By-Laws;
3) Registration of Members (Shareholders) / Certificate of Incumbency/Business Registry or equivalent (issued within the last 12 months).
  • Company website (if the company does not have a website, please put "N/A")
  • Valid passports/National IDs of related parties
Valid passports of all Trustee(s), Settlor(s), Appointor(s), Protector(s), Grantor(s), Beneficiaries, and all Traders.
  • Recent selfies of related parties
Recent selfie of all Trustee(s), Settlor(s), Appointor(s), Protector(s), Grantor(s), Beneficiaries, and all Traders.
Please click the [Edit Information] button to view the relevant rejection reason(s). If your application was rejected, please submit your application again, taking into consideration the rejection reason. We will prioritize the review of your new application within seven business days.
The status of your entity application can be found in [Identification] of your Binance account. Please also check your email inbox as we may contact you for additional documents.
Each company may only apply for one Entity Account. We provide a sub-account feature for Entity Accounts. Once your verification is approved, you will be able to open sub-accounts.
To qualify for Level 3 verification with a daily withdrawal limit of 2,000 BTC, you must maintain a trading volume greater than 1,000 BTC (in value) within a rolling 30-day period. If you meet this requirement, please contact our CS team via Binance Support. We will evaluate the status of your account within 3 business days.
You need to complete the [Basic Entity Verification] first before starting [Advanced Entity Verification] for fiat access application. We will perform due diligence in accordance with fiat requirements. Please upload the 6 requirements stated below to the system:
  • Entity Proof of Address.
  • Ultimate Beneficial Owners (UBO) Proof of Address.
  • Company website or social media link (if any).
  • How do you intend to fund the fiat account? (Such as trading capital of the company, customer’s money, company profit, etc.)
  • Which fiat currencies do you intend to use? (eg. EUR/GBP/USD/AUD/BRL)
  • Expected monthly fiat deposit/withdrawal volume (in the desired currency).
Documents that we accept as Proof of Address
We accept the following address verification documents, issued within 90 days:
  • Bank statements - with transaction history. We also accept digital bank statements too. You can send us the original .pdf file and cover the sensitive information, such as transaction details.
  • Utility bills - such as electricity, water, fixed internet or phone bills, etc. We do not accept mobile phone bills and insurance letters.
  • Government documents - such as letters from government agencies, tax bills, etc.
  • For more information, please refer to How to Verify My Residential Address on Binance.
In the event where we require further clarification or documentation, you will receive an email from corporate-fiat@binance.com to provide the supplement document via email.
Currently, we support USD, EUR, GBP, AUD, and BRL deposits and withdrawals for corporate users. However, EUR and GBP channels are closed at the moment until further notice. You can complete the Advanced Entity Verification first so that once the EUR/GBP channels are online, you can start using them immediately.