Binance, a cryptocurrency exchange that supports the trading of more than 300 cryptocurrencies, has been on the rise ever since it was founded in 2017.This means that Binance has experienced incredible growth in a very short time. This cryptocurrency exchange has been able to garner a lot of attention from traders, investors, and traders alike.
And as Binance continues to grow, it will undoubtedly attract a lot of new users. However, many people have been asking the question: How do you get verified on Binance?
How Does Binance Verify Users?
Binance has been able to keep its verification process simple. All you have to do is register your email address and set up a password. You also have to provide your phone number, but this is optional.
The beauty of Binance’s verification process is that it provides users with instant access to their accounts. Users will then be able to withdraw cryptocurrencies from their balance, which they cannot do until they are verified on the exchange.
When you create an account on Binance, you can trade in many different cryptocurrencies right away; however, you can only deposit those currencies for trading purposes after being verified by the company. When you decide to register for a new account, the website will prompt you with what types of personal information it needs from you before proceeding.
Is Binance Safe To Use?
Binance is safe to use and has the most up-to-date security features. For example, you can use two-factor authentication (2FA) to protect your account that utilizes SMS or Google Authenticator. This means that even if someone gets your username and password, they won’t be able to get into your account without also having access to your phone.
You can also enable trading restrictions on your account like a daily withdrawal limit, a stop-loss limit, or 2FA requirements for large withdrawals. You can also set time limits for when you are unavailable for trading to prevent any unauthorized trades from occurring on your account during those times.This means that trading on Binance is very secure and limited, which will help keep your funds secure as well.
Binance Verified Vs. Unverified User
The most important difference between Verified Binance Account and Unverified users is that verified users can withdraw 2BTC per day or 20 BTC per month. They also have a higher withdrawal limit.Unverified users, on the other hand, are limited to withdrawing 0.2BTC per day or 2 BTC per month. Verified users will also be eligible to withdraw coins without waiting for them to be confirmed first.
Binance Verification Process
To get your Binance account verified, you’ll need to provide your data-name, surname, country of residence, nationality, gender, date of birth, and residential address. You’ll then need to provide a photo of yourself holding your ID card or passport and another photo showing your face in its entirety.
After providing these details and photos, you’ll need to enter a mobile phone number so that Binance can send you a verification code via SMS text message.
