in terms of deposit and withdrawal limits, but also in terms of your access to specific
services, security protections, and even legal compliance benefits.
Verification is the dividing line between being a guest and becoming a full participant in the
world’s largest cryptocurrency exchange.
Why Does Binance Require Verification?
There’s a good reason Binance, along with virtually every major crypto platform today,
requires identity verification: regulation. As crypto has moved from a fringe hobby to a global
financial force, governments and financial watchdogs have begun to apply the same
standards to crypto that banks have dealt with for decades. That means platforms like
Binance must be able to confirm user identity to prevent fraud, stop money laundering, and
meet legal compliance across multiple jurisdictions.
In essence, Binance doesn’t require verification just because it wants to — it does so
because it's a necessary step in operating within a regulated global economy. But what that
means for the user is interesting: once you're verified, you're not just an anonymous trader
anymore. You're part of a formal, global financial network with accountability, traceability, and
rights.
The Verification Process: What It Looks Like
To become verified on Binance, a user typically has to go through several layers of identity
checks. The process begins with Basic Verification, which includes:
Full legal name
Country of residence
Date of birth
A government-issued ID (passport, driver’s license, or national ID card)
A selfie or facial verification
Depending on where you live and how you plan to use the account, you may be prompted
for Advanced Verification, which could require additional documentation like proof of address
(utility bill or bank statement) and live facial recognition via webcam or mobile device.
Once submitted, Binance reviews the information — usually within minutes to a few hours,
but in some cases, longer. Once approved, your account is officially “verified” and your
access level expands significantly.
What Changes After Verification?
The first and most noticeable difference is increased limits. Before verification, users are
generally restricted to low-volume trading and limited withdrawals. Post-verification, those