Highlights:
Verification Process: You will learn how to complete the identity verification process on Binance, including the necessary steps and required documents.
Benefits of verification: You will understand the benefits of KYC, including access to higher trading limits and additional features on the platform.
Security and Compliance: Learn how KYC helps Binance comply with international regulations and ensure the security and protection of user data and funds.
Binance KYC will open the doors to your crypto adventure. In the world of cryptocurrencies, security and trust are fundamental. At Binance, as the largest exchange in the world, we take these priorities very seriously.
A key piece for the security of your account is the identity verification process, commonly known as KYC (Know Your Client). In this article, we will detail what KYC is, why it is essential for your experience on Binance, and how you can complete the verification process to access all the benefits and protections that the platform offers. Understanding and following these procedures will not only allow you to operate with greater freedom, but also contribute to a safer and more regulated ecosystem.
Let's start from the beginning: what exactly is KYC?
KYC processes are a common regulatory requirement that financial service providers are obligated to comply with. These controls primarily combat financing and money laundering from illicit activities. KYC processes are a key measure of anti-money laundering regulations, making them an important defense element for cryptocurrencies in particular.
Financial institutions and service providers like Binance are increasingly implementing robust KYC procedures to protect customers and their assets.
Why should I complete identity verification?
All new users must reach the [Verified] level to access Binance's products and services, such as deposits, exchanges, and withdrawals of cryptocurrencies. Existing users who have not completed the necessary verification to obtain [Verified] status will temporarily have their accounts restricted to a "Withdraw only" mode, limited to withdrawing funds, canceling orders, closing positions, and processing refunds. Basically, completing KYC unlocks the enormous potential behind your Binance account.
Where can I verify my account on the Binance website?
To start the identity verification, go to [Profile] and select [Identification], or you can click on [Verify] / [Get verified] in the announcements on the homepage. In this section, you will be able to see your current verification level, which determines the trading limits for your Binance account. If you want to increase these limits, you need to complete the corresponding level of the identity verification process.
How do I complete identity verification on the Binance website?
Here is a step-by-step guide:
1. Log in to your Binance account and click on [Profile] - [Identification]
2. Click [Verify].
3. Select your country of residence. Ensure that the information about your country of residence matches your identity documents.
4. Enter your personal information and then click [Continue].
Make sure all the information entered is consistent with your identity documents. Keep in mind that once confirmed, you cannot change it.
5. The next step is to verify your identity documents.
6. Choose the country where your documents were issued and you will see the list of accepted documents. Most users can choose a passport, an identity card, or a driver's license for verification. Check the different options available based on your country.
Choose a type of document and click [Continue].
7. Follow the instructions to upload photos of your document. Your photos must clearly show the entire identity document.
8. You will need to upload a selfie. Follow the instructions to take the photo.
Note:
Don't forget to enable camera access on your device.
Don't wear hats, glasses, or filters, and make sure the lighting is ideal to see your face.
9. You will also need to complete facial recognition. Click [Continue] to complete it on the current device or click [I want to complete this from my mobile] if you wish to use your mobile device.
9.1. Use your mobile's camera to scan the QR code and follow the instructions. After that, click [I completed this on my phone].
10. Binance will review your information. Once your process has been verified, we will send you a notification via email.
IMPORTANT:
Do not refresh the browser during the process.
You can make up to 10 attempts per day to complete the identity verification process. If your request is not approved in these 10 attempts within 24 hours, wait another 24 hours to try again.
Frequently Asked Questions about identity verification on Binance
1. Why do I need to provide additional certified information?
In exceptional cases, if your selfie does not match the identity documents submitted, it will be necessary to provide additional documentation and wait for a manual verification. This manual verification may take several days, so we ask for your patience. Binance uses a comprehensive identity verification service to protect the funds of all users, so it is crucial that the documents provided meet all requirements when submitting your information.
2. What are valid reasons for updating my identity verification (KYC) on Binance?
If your identity information has changed and one of the following conditions is met, you can go to the [Update Identity Verification] page to modify it.
Reasons to update your identity verification:
1. The documents have expired.
2. The name on the document changed.
3. The document identification number changed.
4. The user's nationality changed.
5. You want to update or replace your existing documents to meet specific fiat channel requirements.
6. You want to change the name to a language recognizable by the system (for example, identity document in local language vs. passport in English).
7. You wish to update the documents to meet the requirements of Binance Card.
3. How long does Binance KYC take?
The submitted KYC documents are generally reviewed within 48 hours. However, it may take longer in some particular cases.
4. Is Binance KYC safe?
Yes, Binance KYC is safe and helps us make our platform secure for you and everyone else. Your documents are kept strictly confidential.
KYC: an essential process to ensure security and compliance
As you can see, KYC is vital for the industry and allows users access to a wider range of services, such as deposits, exchanges, and withdrawals of cryptocurrencies, in addition to increasing trading limits. KYC also helps prevent illicit activities, such as money laundering and the financing of terrorism, thus protecting both users and the platform.
We invite you to stay informed about the latest updates, guides, and promotions from Binance by following us on our social media and regularly visiting our official blog. Our commitment is to provide you with educational and relevant content so that you can make the most of all the tools and opportunities that Binance has to offer. Don't miss what's coming!
You might also be interested in…
Compliance with the rules: KYC on Binance
Comparison of KYC processes in the crypto sector
What is the KYC (Know Your Customer) process?
This content is generic for the Spanish-speaking community and does not refer to a specific jurisdiction.
Risk notice: Fiat currency services are provided to users directly by licensed providers for processing transfers. Users will be able to use these licensed providers' services through Binance Pay to directly trade virtual assets and digital value units associated with the value of a fiat currency and/or transfer assets and digital units so that their recipients receive equivalent funds in fiat currency directly into their bank accounts. This process does not involve the receipt or collection of fiat currency resources nor the sending or transfer of fiat currency resources between users and recipients. Virtual assets and digital units are not backed by the government or any financial institution and are not legal tender. Conducting transactions with these types of assets and units carries certain risks, under the responsibility of the person conducting them. Binance.com operates internationally. Please refer to our Terms of Use and Risk Warning.