Why Am I Required to Complete Additional Identity Verification Before Depositing Funds on Binance?
If you are prompted to provide additional identity verification before making a deposit, this typically happens because your account has not completed KYC (Know Your Customer) at all, or only passed the lowest verification tier. Regulatory policies require crypto platforms to verify user identities before allowing fund deposits. This is a mandatory compliance requirement under global Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) rules, rather than a special restriction targeted at your individual account.
The world's largest cryptocurrency exchange by trading volume,leading in security and liquidity.
New user benefit: Enjoy 20% off trading fees upon registration!
Understand Binance's KYC Tiers and Corresponding Feature Restrictions
Binance requires users to complete identity verification to access the full suite of platform products and services, including cryptocurrency deposits, trading and withdrawals.
Verification Tiers and Corresponding Restrictions:
Unverified Account: Heavily feature restricted, you can only perform pre-existing withdrawals, order cancellations, redemptions and position closing operations, and are not allowed to make new deposits or open new trades.
Standard Identity Verification (Basic KYC): After completing this tier, you unlock a roughly $50,000 daily fiat deposit/withdrawal limit, and gain full access to spot trading, futures trading and P2P trading features.
Advanced Identity Verification (Upgraded KYC): If you need a higher limit (up to $2,000,000 per day), you will need to submit additional proof of address documents (such as a utility bill or bank statement issued within the past 3 months) to further upgrade your verification tier.
Completion Confirmation: Log into your Binance account, navigate to User Center - Identity Verification page to check your current verification level. If the page shows "Standard Identity Verification" or "Advanced Identity Verification", you have finished the basic verification required to make deposits.
Check if You Triggered Additional Information Requirements Under the Travel Rule
If you have already passed Standard Identity Verification, you may still be asked to submit extra information when depositing funds from specific sources (such as self-custody wallets or exchanges that have not integrated the Travel Rule). This is not a sign of incomplete KYC, but a compliance step to meet the Travel Rule requirements proposed by the global anti-money laundering watchdog FATF (Financial Action Task Force).
Trigger Scenarios and Required Actions:
Scenario A: Deposits from self-custody wallets (such as MetaMask): The system may require you to prove ownership of the wallet address. This is usually completed via a "Satoshi Test": send an extremely small amount of cryptocurrency (for example 0.00001 BTC) to the designated address, and after verification the wallet address will be marked as trusted, so you will not need to re-verify it for future deposits.
Scenario B: Deposits from other compliant crypto exchanges: You may need to fill in the full identity details of the Originator on a dedicated page, including their full legal name, country of residence and city of residence. The funds will be temporarily frozen during this process, and will be unlocked once your submitted information passes review.
Common Review Failure Reasons: Both the sending platform and receiving platform (Binance) are required to follow compliance rules. If the originator information you submit is incorrect, or does not match the real-name registration details on the sending exchange, your review will fail, and the funds will either be returned to the original address or temporarily frozen.
FAQ
Q: I have completed KYC, why do I still have deposit limits? The basic KYC tier comes with a standard $50,000 daily fiat deposit/withdrawal limit. If you need a higher limit, you will need to complete Advanced Identity Verification and submit valid proof of address documents to upgrade your tier.
Q: What is the "Satoshi Test" and why do I need to complete it? To meet Travel Rule requirements for transactions from self-custody wallets, Binance will ask you to send an extremely small amount of crypto from your wallet to a designated Binance address, to confirm that you are the actual controller of the wallet. Once verified, the address will be marked as "Verified" for smoother subsequent deposit operations.
Q: What happens if I refuse to submit the required additional information? Binance will pause processing your pending deposit. The funds may be delayed in arriving, returned to the original sending address, or even temporarily frozen until you finish the required additional information submission process.
The world's largest cryptocurrency exchange by trading volume,leading in security and liquidity.
New user benefit: Enjoy 20% off trading fees upon registration!
Next Steps
Log into Binance first, and visit the Identity Verification page to check your current verification level. If your account is still marked as Unverified, complete the Standard Identity Verification process immediately. If you have already finished full KYC but are still prompted to submit extra information, it is almost certainly a Travel Rule trigger - just follow the on-screen instructions to complete the Satoshi Test or fill out the required information form. If you have not registered for a Binance account yet, you can enter the referral code FYLK9104 in the designated field during sign-up.
