There are different levels of KYC on Binance, and the level you are on will determine how much information you will need to provide in order to use the exchange. The different levels are as follows:
Level 1: Basic KYC
For level 1 KYC, you will need to provide your full name, country of residence, and a valid email address. You will also need to create a strong password.
NOTE: This warning is to inform users that KYC (Know Your Customer) Level on Binance is a verification process in which the identity of the user is verified. Users are required to provide personal information such as name, address, date of birth, phone number, and other documents in order to complete a KYC Level. It is important to note that any information provided is subject to Binance’s privacy policy and may be shared with third parties. Furthermore, users should be aware that their personal information could be used for illegal activities or financial fraud if not handled properly. Therefore, it is important that users exercise caution when providing their personal information and only do so if necessary and with trusted sources.
Level 2: Enhanced KYC
For level 2 KYC, you will need to provide all of the information from level 1, as well as your date of birth, gender, and a photo of yourself with your ID. You will also need to verify your phone number and set up Two-Factor Authentication.
Level 3: Advanced KYC
For level 3 KYC, you will need to provide all of the information from level 2, as well as your physical address and a photo of yourself holding your ID. You will also need to upload a selfie with a handwritten note that says “Binance”.
7 Related Question Answers Found
KYC, or “know your customer”, is a process whereby businesses verify the identity of their customers. This is typically done by requiring new customers to provide proof of identity, such as a passport or driver’s license. The purpose of KYC is to prevent money laundering and other financial crimes.
In order to comply with Know Your Customer (KYC) requirements, Binance requires all users to provide proof of identity. This can be done by submitting photos of a government-issued ID, such as a passport or driver’s license. In some cases, additional documentation may be required, such as a utility bill or bank statement.
Binance is one of the most popular cryptocurrency exchanges in the world, and it offers a wide range of features and services to its users. One of the most important features of Binance is its Know Your Customer (KYC) program, which is designed to protect the exchange and its users from fraud and money laundering. Under the KYC program, Binance requires all users to provide their real name, date of birth, and location.
It is no secret that Binance is one of the most popular cryptocurrency exchanges in the world. But does Binance do KYC (Know Your Customer)? The answer is both yes and no.
The short answer is yes, KYC is mandatory on Binance. In order to comply with anti-money laundering and countering-the-financing-of-terrorism (AML/CFT) regulations, Binance requires all users to complete KYC verification. This process includes providing Binance with your full name, date of birth, nationality, and a government-issued ID.
In the wake of the recent Binance hack, many users are wondering if KYC (know your customer) verification is necessary in order to use the exchange. While Binance does not require KYC for all users, there are certain circumstances in which it is required. For example, if you want to withdraw more than 2 BTC per day, you will need to go through the KYC process.
This is a question that has been on the minds of many cryptocurrency users since Binance announced their new partnership with identity verification provider Jumio. The short answer is: we don’t know yet. Binance has not yet released any official statements about whether or not they will require KYC (Know Your Customer) verification for all users, and if they do implement such a measure it remains to be seen how strict they will be in enforcing it.
