Binance Verification

w00519773

I created a Binance account about six months ago.  I am a technical person and started testing their technical products, which worked out well.

I can now no longer use the majority of their services until I verify my account.  I am unsure whether I will ever buy crypto as I understand the risks, however I am still interested in testing their technical products.

Therefore I want to verify my account but before I do that I want to do my due diligence as I have to send them a lot of personal information e.g. photo; driving license; passport etc.  Has anyone else verified a Binance account? Here is more information about why verification is required: https://markets.businessinsider.com/news/currencies/crypto-exchange-binance-id-verification-enforcement-passports-accounts-trading-zhao-2021-8

HCIMbtw

w00519773 said:

I created a Binance account about six months ago.  I am a technical person and started testing their technical products, which worked out well.

I can now no longer use the majority of their services until I verify my account.  I am unsure whether I will ever buy crypto as I understand the risks, however I am still interested in testing their technical products.

Therefore I want to verify my account but before I do that I want to do my due diligence as I have to send them a lot of personal information e.g. photo; driving license; passport etc.  Has anyone else verified a Binance account? Here is more information about why verification is required: https://markets.businessinsider.com/news/currencies/crypto-exchange-binance-id-verification-enforcement-passports-accounts-trading-zhao-2021-8

I think its pretty standard as you are effectively opening up a bank account with them, some of these companies have to do things like log your records with HMRC for tax purposes so they can come chasing you if you make huge amounts of money..

They are not regulated in terms of providing FCSC cover on money you put in (i don't think so at least), but they and you still have potential tax and fraud liabilities 

I've provided passports/driving licence shots to Trading212, Revolut, Coinbase... i nearly set up Binance.. but chose not to after reading up a bit more about some of the security history and restriction on access to funds 

Just imagine if they didn't how easy it would be for somebody else to open up and an account in your name and pretend they were you 

Thrugelmir

Binance has been banned from operating in the UK by the FCA. 

w00519773

Thrugelmir said:

Binance has been banned from operating in the UK by the FCA. 

I noticed the message today when I navigated to: https://www.binance.co.uk/.  I live in the UK and I am registered at: https://www.binance.co.uk/.  Does this mean I would not be able to verify my account anyway?:

Malkytheheed

Thrugelmir said:

Binance has been banned from operating in the UK by the FCA. 

Still using it as normal in the UK

Zola.

I would never give Binance a penny, personally. Dodgy company. 

Malkytheheed

Zola. said:

I would never give Binance a penny, personally. Dodgy company. 

Do you have more specifics than that? I've used it for years and never had a problem. 

Thrugelmir

Malkytheheed said:

Zola. said:

I would never give Binance a penny, personally. Dodgy company. 

Do you have more specifics than that? I've used it for years and never had a problem. 

You use the .com website presumably? 

w00519773

Thrugelmir said:

Malkytheheed said:

Zola. said:

I would never give Binance a penny, personally. Dodgy company. 

Do you have more specifics than that? I've used it for years and never had a problem. 

You use the .com website presumably? 

I have not used it for six months or so, but yes I have checked and I registered at Binance.com.

Malkytheheed

Thrugelmir said:

Malkytheheed said:

Zola. said:

I would never give Binance a penny, personally. Dodgy company. 

Do you have more specifics than that? I've used it for years and never had a problem. 

You use the .com website presumably? 

Just use the app. To me it's just a crypto wallet, nothing more nothing less. It doesnt "belong" to any country. That's the very nature of decentralized blockchain finnance 

Thrugelmir

Malkytheheed said:

Thrugelmir said:

Malkytheheed said:

Zola. said:

I would never give Binance a penny, personally. Dodgy company. 

Do you have more specifics than that? I've used it for years and never had a problem. 

You use the .com website presumably? 

Just use the app. To me it's just a crypto wallet, nothing more nothing less. It doesnt "belong" to any country. That's the very nature of decentralized blockchain finnance 

May not belong to any country. But it's pretty useless within a country that's banned it. A lot has happened in the past 6 months.