Do You Need Identity Verification to Trade on Binance?

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Yes, identity verification (also known as KYC – Know Your Customer) is required on Binance, especially if you want to trade or withdraw larger amounts.

Here’s a quick breakdown:

  1. Basic Verification:
    If you just want to trade with lower limits, you can start without verifying your identity. However, you will be limited to lower withdrawal limits (around 2 BTC per day).
  2. Full Verification (KYC):
    To access higher limits for trading and withdrawals, you will need to complete the full identity verification. This typically includes uploading a government-issued ID and a selfie for identity confirmation. Once verified, you can enjoy increased withdrawal limits (up to 100 BTC per day for verified users).