New important changes to identity verification on Binance Exchange
Important Changes About Binance Identity Verification
To enhance user protections and provide a safe crypto environment for everyone, Binance is making the changes.
Binance reviews its products and services on an ongoing basis to determine changes and improvements in light of evolving global compliance standards.
Effective immediately, all new users are required to complete Intermediate Verification to access Binance products and service offerings, including cryptocurrency deposits, trades and withdrawals.
Existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption.
This will be carried out in phases to minimise user-experience disruption, from now through 2021-10-19 00:00 AM (UTC).
Existing users will be informed directly with more details. Once users complete the Intermediate Verification, they will be able to resume full access to Binance products and services.
Binance strongly advises users to complete their Intermediate Verification promptly to avoid delays in the verification process and restrictions on their access.
Binance is announcing these measures to help support its efforts in Know Your Customer (KYC) and Anti-Money Laundering (AML). This will further enhance user protection and combat financial crime.
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