Binance, one of the world’s largest cryptocurrency exchanges, is known for its fast and efficient trading. But what about its identity verification process? How long does it take to get verified on Binance?
The answer to that question depends on a few factors, including which level of verification you’re applying for and how quickly you submit the required documents. In general, though, the process is relatively quick and easy.
Let’s take a closer look at the Binance verification process and how long it typically takes to get verified at each level.
Binance Verification Levels
There are three levels of verification on Binance: Level 1, Level 2, and Level 3. Each level requires more personal information than the last, but also unlocks more features and higher limits.
Level 1 verification requires only your email address and country of residence. With this level of verification, you’ll be able to trade cryptocurrencies on Binance with no limits.
NOTE: WARNING: Completing identity verification on Binance is a necessary process for anyone looking to trade or withdraw funds from their account. It is important to remember that this process can take up to several days, so plan accordingly and act accordingly. Failure to do so may result in significant delays or even potential losses of funds.
Level 2 verification requires your full name, date of birth, nationality, and a photo ID. With this level of verification, you’ll be able to withdraw up to 100 BTC worth of cryptocurrency per day.
Level 3 verification requires all of the above information plus a selfie with your photo ID. With this level of verification, you’ll be able to withdraw up to 500 BTC worth of cryptocurrency per day.
How Long Does Binance Verification Take?
Now that we know what’s required at each level of verification, let’s answer the question: How long does Binance verification take?
As we mentioned earlier, the answer to this question depends on a few factors. In general, though, you can expect the process to take anywhere from a few minutes to a few days.
If you’re applying for Level 1 verification, you can expect your account to be verified within a few minutes. For Level 2 and Level 3 verifications, it may take a bit longer as your documents will need to be manually reviewed by Binance staff.
In most cases, though, you can expect your account to be verified within a few hours or days.
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Binance is one of the most popular cryptocurrency exchanges in the world, and it allows users to trade a variety of digital assets. However, before you can start trading on Binance, you need to go through the process of verifying your identity. In this article, we’ll take a look at how long it takes for Binance to verify your identity and what you need to do in order to get started.
As of September 2019, Binance US is not yet live. Binance US will be a digital asset exchange offering trading of a variety of digital assets, including but not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Binance Coin (BNB). The exchange is being developed by a US subsidiary of Binance, and is currently in the beta testing phase.