Binance, Exchanges

What Is Level 2 Verification on Binance?

Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.

Binance offers two tiers of verification: Level 1 and Level 2. Level 1 allows users to withdraw up to 2 BTC per day, while Level 2 allows for up to 100 BTC per day.

NOTE: WARNING: Level 2 Verification on Binance is a more advanced level of account security and requires additional documentation from users in order to complete the verification process. This includes providing personal information, such as your full name, address, and proof of identity. It is important to remember that you are responsible for keeping your personal information secure and not sharing it with anyone else.

To reach Level 2, users must submit additional identification documents, as well as a selfie with their ID.

The increased withdrawal limits of Level 2 verification are attractive to many traders, as it allows for a greater degree of flexibility and opportunity when trading on Binance. However, the additional requirements may deter some users who are unwilling to provide such personal information.

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