Binance, one of the world’s largest cryptocurrency exchanges, offers its users the option to trade without going through the process of verification. However, unverified accounts have certain limitations, such as lower withdrawal limits, and are subject to more stringent anti-money laundering (AML) and know-your-customer (KYC) checks.

So if you’re looking to trade on Binance without verifying your identity, there are a few things you should know.

The first thing to note is that even if you don’t verify your account, Binance still requires you to provide some personal information. This includes your email address and country of residence.

Binance also uses Google Authenticator or Authy for two-factor authentication (2FA), so you’ll need to set that up as well.

Once you have an account set up, you can start trading on the platform. However, there are a few key limitations to keep in mind. First, unverified accounts have a daily withdrawal limit of 2 BTC. This is in place to prevent money laundering and other malicious activity.

Second, unverified accounts are subject to more stringent AML and KYC checks. This means that if you try to withdraw funds that are flagged as suspicious, Binance may require you to go through the verification process before allowing the withdrawal.

So if you’re looking to trade on Binance without verifying your identity, there are a few things you should know. Unverified accounts have certain limitations, such as lower withdrawal limits and more stringent AML and KYC checks.

However, if you’re willing to trade with these limitations in mind, Binance offers a convenient way to get started in the cryptocurrency market without having to go through the verification process.