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KYC System Update and Fee Changes for Nigeria

2020-07-29 09:18

Fellow Binancians,

We are glad to introduce a new KYC framework for the Nigerian Community. The new identification and verification processes allow us to protect users and prevent fraud. There are now three account verification levels, each with its own benefits and requirements. For more details about the new KYC framework, please visit Account Verification Requirements for Naira (NGN) Fiat Channels. Rest assured, we keep your information safe and secure, in accordance with the highest personal data protection standards.

These new account verification levels enable higher withdrawal amounts and the withdrawal fee has been adjusted from a percentage structure of 0.02% (without cap) to a flat fee of NGN300.

Thanks for your support!

Binance Team



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