If you want to trade cryptocurrencies on Binance, you first need to verify your account. Binance is a cryptocurrency exchange that allows you to trade cryptocurrencies against each other or against fiat currencies such as the US dollar.
In order to verify your account, Binance will require some personal information from you as well as some documents.
In order to verify your identity, Binance will require a government-issued ID such as a passport or driver’s license. They will also require a selfie of yourself holding your ID.
The purpose of this is to prevent money laundering and other illegal activities.
In addition to verifying your identity, you will also need to verify your address. Binance will require a utility bill or bank statement that shows your name and address.
This is again to prevent money laundering and other illegal activities.
Once you have submitted all the required information and documents, Binance will review your account and decide whether or not to approve it. If approved, you will be able to start trading cryptocurrencies on their platform.
So, if you want to trade cryptocurrencies on Binance, make sure to first verify your account by submitting the required information and documents. This will help prevent money laundering and other illegal activities.