There are several reasons for completing Binance's identity verification. The main reason is to ensure customer safety and data security. Verifying identity prevents illegal trades and protects customer funds.
The importance of identity verification
With identity verification, Binance can confirm who the user really is. This enhances the security of funds and reduces the risk of hacking and fraud. Therefore, the user can access various services and benefits only after their identity has been verified.
The identity verification process is quite simple. First, you need to go to Binance's website, create an account, and enter the necessary information. After account creation, KYC (Know Your Customer) identification must be completed, which proceeds as follows.
Steps for KYC verification
The first step is to select the country. The user must choose their country of residence, and at this stage, there may be specific restrictions or requirements for certain countries.
The second step is to input a picture of the ID and personal details. The user needs to take a photo of the government-issued ID and upload it. This way, Binance can verify the authenticity of the information.
Once these steps are completed, Binance verifies the information and decides on approval. When verification is complete, the user gains access to various services and additional benefits.
Benefits of identity verification
After verification, the user receives higher trading and withdrawal limits. Additionally, the user can participate in Binance's various promotions and events. This helps make trading safer and more beneficial.
Trading on Binance's futures exchange also requires identity verification. Through verification, the user can utilize the various functions of the exchange and experience a safer trading environment.
Additionally, Binance offers discounts on trading fees. If you register through the link below, you will receive a 20% discount on trading fees.
✨ Go here to get a 20% discount on Binance trading fees
Even already registered users can receive a 20% discount if they meet the following 5 conditions.
The invited person already has a registered Binance account.
The invited person has not previously accepted the invitation.
The invited person's account has not made any trades or used Binance's products in the last 180 days.
When the eligible person opens the link and logs in, the verification window will appear.
When the inviter clicks [Bind Now], the connection activates.
Once identity is verified, the user can utilize Binance's various financial products. Especially through futures trading, there is potential for significant returns.