Binance is doing mandatory KYC on ALL accounts now

Binance is now doing mandatory KYC on ALL accounts, according to their latest announcement¹.

Previously there was a tier that would allow unverified accounts to exist and withdraw up to 2 BTC per day, then a month ago they lowered that amount to 0.06 BTC, and now it all ended with mandatory KYC for everyone on the platform.

As expected, the so-called Intermediate Verification² process will force users to submit their personal documents: ID/Driver’s License/Passport.

All centralized exchanges have to succumb to regulatory pressure at some point, naturally.

The good news is that you don’t have to comply, there are options:

• the Monero community is busy building its own DEX: Haveno³,

• BTC-XMR atomic swaps are already on the mainnet⁴,

• you can still use the peer-to-peer Localmonero⁵ exchange for private fiat and crypto trades,

• and if you need a more complete list just visit KYCnot.me⁶.