Binance, one of the world’s largest cryptocurrency exchanges, is frequently used by investors to buy and sell digital assets. The process of transferring funds into Binance is typically fast and efficient.

However, there are occasionally delays when it comes to the “pending verification” stage of a transaction. So, how long does pending verification take on Binance?.

The answer to this question depends on a few factors. First, it is important to note that Binance has implemented a new Know Your Customer (KYC) policy in recent months.

This policy requires all users to submit additional identification information before they are able to deposit or withdraw funds. The KYC process can add a few extra days onto the pending verification timeframe.

Second, the amount of time it takes for a transaction to be verified also depends on the type of transaction being made. Smaller deposits may only take a few minutes to be verified, while larger withdrawals can take several hours or even days.

Finally, it is also worth considering that Binance is located in China. This means that there can occasionally be delays due to Chinese holidays or other events beyond the exchange’s control.

All things considered, then, it is difficult to give a definitive answer to the question of how long pending verification takes on Binance. However, if you are patient and understand that there may be occasional delays, you should eventually be able to get your funds deposited or withdrawn without any major issues.