21 Aug 2021 [services]

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: