If you’re looking to buy on Binance without going through advanced verification, the short answer is yes, you can. However, there are a few things to keep in mind before doing so.
Binance offers two different types of verification: basic and advanced. Basic verification requires you to submit your email address and full name, while advanced verification requires you to submit your government-issued ID and proof of residence.
Advanced verification will allow you to withdraw up to 100 BTC per day, while basic verification will only allow you to withdraw up to 2 BTC per day. So if you’re looking to buy a large amount of cryptocurrency on Binance, you’ll need to go through advanced verification.
Another thing to keep in mind is that if you plan on buying cryptocurrency with a credit or debit card on Binance, you’ll need to go through advanced verification as well. This is because Binance requires cardholders to submit their ID and proof of residence in order to comply with anti-money laundering lAWS.
So if you want to buy on Binance without going through advanced verification, you can, but there are some limitations to consider before doing so.