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Is it necessary to verify my identity before signing in to Binance US and trading cryptocurrencies?

avatarMudra NidhiDec 19, 2021 · 3 years ago3 answers

Do I need to go through the identity verification process before I can create an account on Binance US and start trading cryptocurrencies?

Is it necessary to verify my identity before signing in to Binance US and trading cryptocurrencies?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, it is necessary to verify your identity before signing up on Binance US. This is a standard procedure to ensure compliance with regulatory requirements and to prevent fraud and money laundering. You will need to provide personal information and upload supporting documents for verification purposes. Once your identity is verified, you can proceed to trade cryptocurrencies on the platform.
  • avatarDec 19, 2021 · 3 years ago
    Absolutely! Binance US takes identity verification seriously to ensure a safe and secure trading environment. By verifying your identity, Binance US can comply with regulatory standards and prevent unauthorized access to your account. It may seem like a hassle, but it's a necessary step to protect your funds and maintain the integrity of the platform.
  • avatarDec 19, 2021 · 3 years ago
    Yes, you do need to verify your identity before signing up on Binance US. As a third-party digital asset exchange, Binance US is required to follow Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This helps to create a trusted and compliant platform for trading cryptocurrencies. Rest assured that your personal information will be handled securely and with utmost confidentiality.