Creating an account on the world’s largest cryptocurrency exchange is a very simple step but what mostly get users worked out is the identity verification process. Identity verification ensures that there is a real person behind a process and proves that they are who they claim to be. This prevents anyone from carrying out a process on other people’s behalf without authorisation, creating false identities and committing fraud.
It is obligatory to complete the Binance identity verification process so as to get full access to Binance service and products. We present you today with the easiest steps to complete your verification process.
If you don’t have a Binance account, create one HERE for free or if you already have an account and need to verify it, then follow up closely.
- Firstly, download the Binance mobile app from Google play store or your App Store. Log in with you account that you created and on the home page, click on the head icon on the top left Conner.
It will take you to a page where you will see some information like your account, settings, and others.
If you are verified, it will display a green “Verified” phrase beside your account but if you are not, it will display a “Unverified” so click on it and it will take you to the page where you can start the verification process.
Requirements
These are the requirements you will need in order to complete the verification process.
- Personal information. This includes information such as your nationality which you will select your country, you name, and date of birth.
- Government issued ID. Here, you will have to upload a clean and clear document issued and recognized by the government like a National Identity Car, A passport, or a Driver’s license, both front and back of the document which is yours and carry your information especially the information you provided above.
Continue with the following steps to upload the document and please make sure that all information is very visible and clear.
Please make sure the document loads and upload fully before moving on. Once you are done with that, proceed to take a selfie.
Please follow the instructions carefully in order to take a good selfie and then continue.
- Facial Recognition. Next, the system will direct you to complete a face verification. Please follow the instructions clearly and do not go again the instructions.
After completing the process, please wait patiently. Binance will review your data in a timely manner. Once your application has been verified, you will be notified via email or text message and the status of your account will change to “Verified”. Note that this can take from few hours to days, so be patient and if your verification failed, please follow carefully the instructions and carry it out again very well.
Importance of KYC
You might be wondering why you have to go through the stress of verifying your Binance account, well here are some importance of KYC (Know Your Customer).
- Firstly, By law, KYC is required for financial institutions to establish the legitimacy of a customer’s identity and identify risk factors. KYC procedures help prevent identity theft, money laundering, financial fraud, terrorism financing, and other financial crimes.
- Identity Theft: KYC helps financial institutions establish proof of a customer’s legal identity. This can prevent fake accounts and identity thefts from forged documents or stolen identity documents.
- Financial Fraud: KYC is designed to prevent fraudulent financial activities, such as using fake or stolen IDs to store funds on transact on exchanges and then receive funding with fraudulent accounts.
- Most importantly, KYC helps Binance to keep your account, your information, your funds and the entire exchange safe and secure and allow for smooth functioning.
- Lastly, KYC let’s you get access to the complete Binance products and service anytime and anywhere.
Note:
Providing your information to Binance for identity verification will in no way be leaked to the public or exposed to others. It is private and personal. Nobody has access to the information you provided, so you don’t have to be scared of providing your real information in order to complete your verification process. Binance will never ask you for sensitive information or contact you on a different platform or manner and Binance will never ask you for money in order to pass your identity verification nor will any Binance worker.
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PLEASE BE AWARE OF SCAMS AND FRAUD.
Wherever you are in Africa, you can easily buy, sell and trade cryptocurrency once you have completed your verification process. Binance P2P allow you to use your local currency and local payment method like in Nigeria and Cameroon where you can use MTN mobile money for payment and Naira and XAF currency. Easily get around the platform and start trading on Binance now.
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