Since its launch in 2017, Binance has become one of the most popular cryptocurrency exchanges on the market. One of the reasons for its popularity is that it doesn’t require KYC (Know Your Customer) verification for most users.
This means that you can sign up and trade on Binance without having to go through a lengthy and intrusive verification process.
However, there are some limits to how much you can trade without KYC. If you want to withdraw more than 2 BTC worth of cryptocurrency per day, you’ll need to go through the KYC process.
There are also some other limits in place, such as a maximum of 100 BTC worth of trades per day without KYC.
So, if you’re looking to trade a large amount of cryptocurrency on Binance, you’ll need to go through KYC. But for smaller amounts, you can trade without any verification.
This makes Binance one of the most convenient exchanges for those who value privacy and don’t want to go through a lengthy verification process.