Do I Need to Complete Identity Verification After Registering on Binance?
After registration, identity verification is not an option to "put off until later" — it is a necessary step before you can engage in any actual trading.Official policy clearly requires all new users to complete standard identity verification (KYC) before they can useBinanceproducts and services.
The world's largest cryptocurrency exchange by trading volume,leading in security and liquidity.
New user benefit: Enjoy 20% off trading fees upon registration!
Without completing verification, your account will be locked in a "withdrawal-only" mode — you can only withdraw funds, cancel orders, close positions, and redeem assets. You cannot trade, deposit, or use C2C. The account is essentially in a "outflow only, no inflow" state.
Why is identity verification mandatory?
KYC (Know Your Customer) is a compliance baseline for mainstream exchanges, not a unique requirement of Binance. Due to the anonymity of cryptocurrencies, they are often used for money laundering and tax evasion. The Financial Action Task Force (FATF) and regulators worldwide require exchanges to implement customer identity verification. Completing verification also enhances account security — after identity confirmation, the risk of theft is reduced, and additional protective measures such as two-factor authentication (2FA) can be enabled.
KYC is a key measure for anti-money laundering regulation, especially an important safeguard for cryptocurrencies. Financial institutions and service providers like Binance need to implement comprehensive KYC procedures to protect their clients and assets.
What can you do without verification? — Feature comparison
| Status | Available Features | Unavailable Features |
|---|---|---|
| Unverified account | Withdrawals, order cancellation, position closing, redemption | Trading, deposits, C2C, futures, margin |
| Verified account (Basic level) | Trading, deposits, C2C, futures, and all basic functions | High-amount fiat withdrawals (subject to limits) |
Simply put, an unverified account can only "take money out," not "put money in or operate."
What do you need for verification?
Completing standard identity verification usually requires providing the following information:
Basic information: Name, date of birth, address
Valid ID document: National ID, passport, or driver's license (upload a photo; must be clear and complete)
Face recognition: Follow prompts to complete facial verification
The world's largest cryptocurrency exchange by trading volume,leading in security and liquidity.
New user benefit: Enjoy 20% off trading fees upon registration!
How to complete verification?
Steps(as of 2026, refer to the platform's real-time interface):
Log into your Binance account, click "Profile" → "Identity Verification."
Fill in personal information as prompted and upload a photo of your ID.
Complete face recognition verification.
Submit and wait for review, usually completed within a few hours to 2 business days.
Common failure reasons and checks:
Cannot receive verification email: Check your spam folder, or confirm the email address is spelled correctly.
ID photo rejected: Ensure all four corners are visible, no glare, and the document is not expired. The system requires a real-time photo; scanned copies or saved images may not be accepted.
Face recognition fails: Ensure adequate lighting, no face covering, and the device camera is functioning properly.
Result check: After verification is approved, your account page will show "Verified" status, and trading functions will be automatically unlocked. If you haven't received the result after the expected time, contact official customer support for verification.
