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Binance is one of the few exchanges with a secure and dedicated system for KYC data collection and management. Binance’s Responsibility and Obligations to KYC. Binance is the largest cryptocurrency exchange per market capitalization in the world. As such, the exchange is dedicated to maintaining KYC compliance.
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So, Binance encourages all users to complete the KYC process as soon as possible. How to KYC on Binance. The KYC verification process on Binance is straightforward. The steps below will show you how to verify your Binance account. 1. Visit Binance.com. If you are a new user, you will have to create an account with your email address and password.
Completing KYC on Binance is a very simple process that takes only a couple of minutes from start to finish. Binance offers three personal verification levels that are designed to provide different levels of account functionality based on your specific set of needs.
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The Binance KYC verification process is very easy to perform and can be complete in a few minutes. Before you begin, please note that you will need the following: Your National ID, passport or driver’s license at hand. One of these documents will be require to complete the verification process.
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Scan the QR code via your Binance app to finish the facial verification. After completing the process, please wait with patience. The binance team will do their best to review your data in a timely manner. Once your application has been verified, Binance team will send you an email notification.
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Complete your KYC registration to continue trading with Binance
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How to Complete Binance KYC(Identity Verification)
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You can no longer bypass Binance KYC with a VPN, you will need a verified account. If you’re willing to spend a little money and effort you can get a Binance KYC approved account by going through the verification process by getting residency in another country or setting up a corporation in another country. APENFT Airdrop CoinBase NFT Airdrop
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1. After you log into your Binance account, click on the ‘Get Verified’ button to start the KYC process. 2. Select your country of residence. 3. Click ‘Verify Now’ to start the verification process for the Basic level. 4. Set your nationality, first and last name and date of birth. 5.
2021-09-17. Key Takeaways. Binance recently implemented a new requirement for users to be ‘Verified’ to enhance its Know Your Customer (KYC) and Anti-Money Laundering (AML) efforts, and further user protection. For a global cryptocurrency exchange like Binance, enhancing KYC and AML leads to better user protection and risk management protocols, especially as crypto becomes more mainstream and crypto regulations around the world advance further.