🚨 DEPOSITED OVER 98,000$ AND HERE'S WHAT HAPPENED... BINANCE "CAUGHT ON" AND DEMANDED SOURCE OF FUNDS VERIFICATION (EDD)! 😱
Have you guys ever received an EDD (Enhanced Due Diligence) notice from Binance?
In 2026, my older brother deposited a total of over $98k into the exchange. He thought it was just normal trading, but then he immediately got an email asking him to prove the source of his funds within 5 days!
A lot of people think that just sending a photo of their bank account or a screenshot of Binance will do the trick, but Binance reviews these documents very strictly:
❌ Screenshot of a Binance account ➡️ Not accepted.
❌ Overview of a bank account ➡️ Rejected because it was missing the name & dates.
❌ Transfer confirmation ➡️ Rejected because it was missing the transfer purpose & included an unrelated restaurant receipt.
💡 Hard-earned lessons for anyone preparing documents:
1️⃣ Bank documents must show your full name and clear dates.
2️⃣ Statements/transfer confirmations must clearly show the transaction details/purpose.
3️⃣ Prepare valid proof of income (employment contract, payslips, business registration certificate, tax documents, etc.)—don't send random receipts!
Has anyone managed to get through this successfully? Please share some luck & your experience below!
#Binance #CryptoVietnam #EDD #Compliance #TradingTips
Have you guys ever received an EDD (Enhanced Due Diligence) notice from Binance?
In 2026, my older brother deposited a total of over $98k into the exchange. He thought it was just normal trading, but then he immediately got an email asking him to prove the source of his funds within 5 days!
A lot of people think that just sending a photo of their bank account or a screenshot of Binance will do the trick, but Binance reviews these documents very strictly:
❌ Screenshot of a Binance account ➡️ Not accepted.
❌ Overview of a bank account ➡️ Rejected because it was missing the name & dates.
❌ Transfer confirmation ➡️ Rejected because it was missing the transfer purpose & included an unrelated restaurant receipt.
💡 Hard-earned lessons for anyone preparing documents:
1️⃣ Bank documents must show your full name and clear dates.
2️⃣ Statements/transfer confirmations must clearly show the transaction details/purpose.
3️⃣ Prepare valid proof of income (employment contract, payslips, business registration certificate, tax documents, etc.)—don't send random receipts!
Has anyone managed to get through this successfully? Please share some luck & your experience below!
#Binance #CryptoVietnam #EDD #Compliance #TradingTips