Start investing in cryptocurrency： Binance register
Can I Use My ID for Crypto Trading on Binance?
Yes, you can use your ID for crypto trading on Binance. Here’s a simple breakdown of how it works:
1. Binance’s ID Verification Policy
- KYC (Know Your Customer): To start trading on Binance, you must complete the ID verification process. This is mandatory for all users and is in line with global financial regulations.
- Required Documents: Binance will ask for a valid ID (like a passport or national ID card), and you’ll also need to upload a selfie for face verification.
- Why It’s Needed: KYC verification ensures that your account is secure and complies with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
2. How to Use Your ID on Binance for Trading
- Step 1: Sign Up: First, create a Binance account with your email or phone number.
- Step 2: Complete KYC: After registration, go to the “Identity Verification” section in your account settings. Upload your ID and a selfie.
- Step 3: Wait for Approval: Binance will review your documents. This can take anywhere from a few minutes to a few hours.
- Step 4: Start Trading: Once verified, you can deposit funds, buy/sell cryptocurrencies, and access all features on Binance.
3. Important Notes
- Trading Limits: Without completing ID verification, you’ll have limited access to features (such as lower withdrawal limits).
- Security: It’s essential to keep your ID and account details secure. Binance offers two-factor authentication (2FA) for extra protection.
- Withdrawal Restrictions: To withdraw large amounts of crypto or fiat, you’ll need to fully verify your identity.