Verifying your Binance account break some limit and it’s useful to be verified. Although you can use your Binance account without any verification but believe me you wouldn’t want to do that, because you’ll be limited.
If you don’t verify your Binance account, one of the limit is that you can’t use the Binance Peer-to-Peer system.
Actually, Binance have 3 levels of verification. The first one is the default for every successful registered users. The second one is the one we’re talking about in this article, the third one is for? Don’t worry about it.
Binance Verification Levels & Requirements?
This is the Default verification and it’s for every successful registered users. Once you verify your email on Binance then this is the default level for you. You can’t trade P2P on Binance with this level.
- Valid Email
- Valid Phone number
This is probably most user choice and it’s the best for most people. With this level you can trade P2P, Fiat deposit and withdrawal is $50k limit, while crypto deposit is unlimited but withdrawal is 8M BUSD. The P2P transaction for this level is unlimited.
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- Personal Information
- Government-issued ID
- Facial Recognition
This have all the features included in the level 2 (intermediate) and more. Fiat deposit and withdrawal is limited to $200k and P2P transaction is unlimited, crypto deposit and withdrawal is unlimited as well.
- Proof of Address
You’ll have to provide all the requirements to get verified on Binance.
How to Verify Your Binance Account With NIN Slip
When you get to know that Binance accept Government-issued ID for verification, then this is when some people asked does it include the NIN slip?
Binance now accept the NIN slip, I don’t know if Binance don’t accept it before but I got verified on Binance with my NIN slip.
Tips to get verified with NIN slip on Binance
When Binance ask you to upload your Government-issued ID front & and back snapshots, since the NIN slip doesn’t have the back view then upload the front of your NIN slip for Binance as the front and back snapshots.
For more info about the Binance verification, then take your time to watch this interesting videos from YouTube.
Frequently Asked Questions?
Question: Can I use Binance without verification?
Answer: All new users are required to complete [Verified] to access Binance products and service offerings, including cryptocurrency deposits, trades, and withdrawals
Question: Can I use Binance at 16?
Answer: Only people over 18 have the total legal capacity to use Binance as their trading platform. As of the first quarter of 2021, the Binance verification policy features mandatory identity verification for all users.
Question: What happens if I don't verify my Binance account?
Answer: What happens if I can't complete the verification within the deadline? If you haven't completed the new verification within the deadline, your Binance account will be restricted to “Withdrawal Only”.
Question: How long does Binance verification takes?
Answer: 10 days max for application review then you get verified or not.
For more FAQ then visit Binance official FAQ page.
That’s all I hope you get verified after reading this article. 🤪