KYC is now Mandatory for all Binance Users

August 26, 2021, 3:30 PM AEST (updated August 27, 2021)

As per the official Binance announcement, as of October 19, 2021, all Binance accounts new and existing will need to complete KYC (Know Your Customer).

Existing users who have not completed Intermediate Verification will have their account permissions changed to “Withdraw Only” at 00:00 AM on October 19, 2021 (UTC). “Withdraw Only” users will have services limited to withdrawal, order cancellation, position close, and redemption. Existing users will be informed directly with more details.

Quick links:

Previously Binance allowed new users with an unlimited crypto deposit, trading and 2 BTC withdrawal daily limit.

Personal User Limits – binance.com

It is assumed that with the new rules, the Intermediate requirements will become the Basic, but this is yet to be confirmed.

Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.