Is proof of address mandatory for trading digital currencies on Binance?
Umid RajabovDec 17, 2021 · 3 years ago3 answers
Can I trade digital currencies on Binance without providing proof of address?
3 answers
- Dec 17, 2021 · 3 years agoYes, proof of address is mandatory for trading digital currencies on Binance. It is a requirement for compliance with anti-money laundering (AML) and know your customer (KYC) regulations. By providing proof of address, Binance ensures the security and legitimacy of its trading platform.
- Dec 17, 2021 · 3 years agoNo, proof of address is not mandatory for trading digital currencies on Binance. Binance allows users to trade digital currencies without providing proof of address up to a certain limit. However, for higher trading volumes or certain account features, proof of address may be required to comply with regulatory requirements.
- Dec 17, 2021 · 3 years agoAs an expert in the digital currency industry, I can confirm that proof of address is indeed mandatory for trading digital currencies on Binance. This requirement is in place to prevent fraud, money laundering, and other illegal activities. It helps to ensure the safety and integrity of the platform for all users.
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