Yes, Binance requires full KYC verification. Without identity verification, you can not use Binance services. If you want to trade, deposit, and withdraw on Binance, you must verify your identity by providing personal information.
Binance KYC Requirements
In order to verify your identity on Binance, you must submit personal information, including government-issued documents.
There are three different verification levels on Binance. Eeach level unlocks new perks.
- Verified
- Verified Plus
- Verified Plus 2
Level 1 KYC
The requirements for the first KYC level (Verified) are the following details:
- Personal information
- Government-issued ID
- Facial recognition
- Questionnaire
Level 2 KYC
To unlock higher withdrawal limits, you must go through the second KYC verification level. The requirements for the second KYC level (Verified Plus) are the following details:
- Proof of addres
Level 3 KYC
Level 3 KYC is the last verification level, which unlucks unlimited fiat transactions. The requirements for the third KYC level (Verified Plus 2) are the following details:
- Enhanced due diligence
- This may include proof of funds or proof of residence
Binance Withdrawal Limits
The daily withdrawal limits on Binance vary based on your identification level. Refer to the table below for further information. The limits apply for a 24-hour duration and will be reset after this duration.
| Crypto Withdrawal Limit | Fiat Withdrawal Limit | |
|---|---|---|
| KYC 1 (Verified) | $2.000.000 | $50.000 |
| KYC 2 (Verified Plus) | $8.000.000 | $2.000.000 |
| KYC 3 (Verified Plus 2) | $8.000.000 | Unlimited |
FAQ
Does Binance require KYC?
Yes, Binance requires KYC verification. That means you must go through the identification process; otherwise, you can not use Binance products and services. For the KYC you need a government issued ID or Passport and additional information, such as a proof of residence.
Is Binance legit?
Binance is the largest crypto exchange, with over 150 million users. While Binance appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet. Not your keys, not your cryptos.
Is Binance available in the United States?
No, Binance is not allowed in the United States. US citizens must use the BinanceUS service instead of the traditional Binance.com service.
