How do I verify my US Binance account?
Log in to your Binance account and click [Profile] - [Identification], then click [Get Verified]. Select your country of residence and enter your personal information. Please ensure all information entered matches your ID documents. You won't be able to go back after completing this step.
Any documentation that you submit must be fully up-to-date. Expired documents and documents that are not fully visible corner-to-corner are considered invalid and will be rejected by the system. If you are having trouble uploading your ID; Please ensure proper lighting while taking your selfie and ID photos.
- To begin creating your Binance.US account, click here.
- Enter your email address and password. ...
- You'll receive an email requesting your confirmation to complete the registration process with a verification code. ...
- You will be prompted to secure your account.
Yes, you can use Binance in the US. But the American version of the platform (Binance.US) is quite limited compared to the international one. Also, Binance is entirely banned in several states, including New York, Texas, Louisiana, Hawaii, Idaho, and Vermont. For more details, check out this article.
No, you cannot use Binance without ID verification. Binance requires all new users to complete identity verification in order to access its products and services. This includes the ability to deposit, trade, and withdraw cryptocurrencies.
- You can access it from [Profile] - [Identification] or directly from here. ...
- Log in to your Binance app and tap [Verify Identity].
- Alternatively, tap the [Profile] icon on the top left. ...
- Select your country of residence and tap [Continue].
- Start by tapping [Continue].
- Take pictures of your ID document.
- Enter your personal information. Log in to your Binance account and click [Profile] - [Identification], then click [Get Verified]. ...
- Verify your government-issued ID. ...
- Complete the liveness check.
Users cannot withdraw USD without first converting it to stablecoins or another digital asset. Binance US notified users of the update via email and provided detailed instructions.
Is Binance banned in the US? No, but you can't use Binance fully in the US because it uses securities not registered with the Commodity Futures Trading Commission. Binance.com stopped accepting US residents in 2019. Still, US residents can trade on Binance.US, which offers 150+ cryptocurrencies.
US-based traders cannot access Binance after the platform stopped accepting users from the United States. So, if you are a US-based trader who had an account on Binance and looking to transfer from Binance to Binance.US, follow these steps: Open an account on Binance.US and finish the KYC process.
Which Binance app to use in US?
- Download the Binance.US app today and experience a fast, easy, and secure way to trade crypto.
Only verified and compliant users will be granted access to their sub-accounts. Starting from 2024-03-20, Binance has been applying restrictions to sub-accounts that have not had compliant Know Your Customer (KYC) documentation in place.
- Coinbase Wallet. Best for Beginners. ...
- MetaMask. Best for Ethereum. ...
- Guarda. Best for cryptocurrency selection. ...
- Crypto.com DeFi Wallet. Best for DeFi staking. ...
- Trust Wallet. Best for Binance and Binance.US users. ...
- Exodus. Best for customer support. ...
- ZenGo. Best for easy account recovery. ...
- Ledger.
A valid Social Security Number (SSN) or Taxpayer Identification Number (TIN) is required. If you are unable to obtain either, we advise contacting your local Social Security Administration office.
Provide identity verification: To complete the verification process, you will need to provide a government-issued ID document, such as a passport or driver's license. Follow the instructions on the verification page to upload a clear and legible image of your ID document.
Verifying your Binance account is crucial for safe trading and accessing all features. The process is straightforward, with personal accounts often verified within 15 minutes and enterprise accounts taking longer. To speed up your verification, ensure accurate information and use up-to-date ID documents.
Florida's Office of Financial Regulation has also issued an emergency suspension order against Binance. US's money transmitter license. The suspension reportedly came a week after Binance's founder and former CEO Zhao, also known as CZ, pleaded guilty to charges of violating U.S Anti-Money Laundering policies on Nov.
Binance US has been the target of several lawsuits over its financial dealings, prompting a review of its offerings. As a result, dollar deposits were frozen this summer, a prelude to the present withdrawal restriction. Customers will have to adjust how they get at their funds because of the alterations.
In November, Binance agreed to pay a $4.3 billion settlement to the U.S. government, including a forfeiture of $2.5 billion and a fine of $1.8 billion. Former Binance CEO Changpeng Zhao was charged with violating the Bank Secrecy Act and agreed to step down.
However, Binance may ban your account if it detects you're using a VPN. Therefore, it's important to use a VPN that can go undetected by Binance, such as NordVPN.
Should I use Coinbase or Binance?
Coinbase: Ideal for beginners due to its user-friendly interface and educational materials. Binance: Offers a more comprehensive set of tools and lower fees, making it a solid choice for experienced traders. However, Binance.US, the American version of the exchange, has limited options compared to the global platform.
Users with basic account verification will be able to withdraw crypto valuing up to 0.6 BTC per day, while KYC-verified customers can withdraw crypto valuing up to 100 BTC per day. Binance charges a flat withdrawal fee to be paid by users when they move their cryptocurrency out of Binance.
5. Provide identity verification: To complete the verification process, you will need to provide a government-issued ID document, such as a passport or driver's license. Follow the instructions on the verification page to upload a clear and legible image of your ID document. 6.
Open the Binance.US mobile app and select Sign up now. Input your email, create a complex password, and enter a Referral ID, if applicable. Confirm that you are 18 years old and have read, understand and to the Binance.US Terms of Use, Privacy Policy, and Biometric Data Policy.
In conclusion, the choice between Binance and Binance US depends largely on your geographical location and the specific digital assets you're interested in trading. Both platforms offer a robust trading environment, but Binance offers a wider range of trading options compared to Binance US.
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