Cryptocurrency Q&A
Does Binance require identity verification?
Does Binance require identity verification?
Giulia
Thu Dec 05 2024
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6 answers
992
I am considering using Binance for cryptocurrency trading, but I am not sure if they require identity verification. I want to know if I need to provide any personal information or documents to use their services.
6 answers
MatthewThomas
Sat Dec 07 2024
Additionally, terrorist financing is curbed as terrorist organizations find it difficult to conduct transactions under false identities.
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Claudio
Sat Dec 07 2024
Identity verification, commonly known as KYC (Know Your Customer), serves as a vital safeguard against various illicit activities.
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henry_grayson_lawyer
Sat Dec 07 2024
It helps prevent fraud by ensuring that individuals are who they claim to be, reducing the risk of impersonation.
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CryptoNerd
Sat Dec 07 2024
KYC also combats corruption by tracing the origins of funds and ensuring transparency in transactions.
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EchoPulse
Sat Dec 07 2024
Money laundering, a process to disguise illegally obtained funds, is thwarted through rigorous identity checks.
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