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.
Why Binance?
Among the very few options that meet the criteria, we want to invite you to join Binance.com. As the world’s largest cryptocurrency exchange by trading volume, with 26 supported languages, we offer you an ecosystem of crypto-related products and services like no one else. Multiple deposit and withdrawal methods, a wide range of trading pairs, lowest fees, unbeatable matching engine, and 24/7 support prepared to resolve your issues in 11 languages. Trade on the go with the Binance App or enjoy the performance of Binance Desktop.
Additionally
Binance Exchange offers a wide variety of options to increase your cryptocurrency holdings even when you are not trading. With Binance, you can assign your tokens to te various activities and services that we regularly run on the platform.