Cryptocurrency Q&A
Does Binance require ID?
Does Binance require ID?
SeoulSerenitySeeker
Sat Dec 21 2024
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6 answers
1787
I'm wondering if Binance, the cryptocurrency exchange platform, requires users to provide their ID for verification purposes. I'm concerned about the security and privacy implications of sharing such sensitive information.
6 answers
Nicola
Mon Dec 23 2024
Identity verification, also known as KYC (Know Your Customer), plays a crucial role in safeguarding against various illicit activities.
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CherryBlossomBloom
Mon Dec 23 2024
By implementing KYC, platforms can prevent fraud and corruption, ensuring that only legitimate users access their services.
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SolitudeNebula
Mon Dec 23 2024
Money laundering is another significant threat that KYC helps to mitigate. It ensures that funds are not being used for criminal purposes.
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DigitalTreasureHunter
Sun Dec 22 2024
Terrorist financing is also tackled through KYC, as it makes it difficult for terrorists to obtain funds through these platforms.
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CryptoTamer
Sun Dec 22 2024
For new users on Binance, completing the [Verified] verification is mandatory to unlock the full range of products and services offered by the platform.
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