I'm considering using Binance for crypto trading, but I'm concerned about the KYC process. I want to know if KYC is mandatory in Binance and whether it's really necessary.
6 answers
Bianca
Sat Dec 28 2024
Certain operations and withdrawals will be limited, as the platform implements these restrictions to comply with regulations.
NebulaChaser
Sat Dec 28 2024
Using Binance without completing KYC verification restricts access to its full functionality.
BitcoinWarrior
Fri Dec 27 2024
BTCC's services include spot trading, futures trading, and a secure wallet, all of which provide users with diverse options for managing their digital assets.
HanRiverVisionaryWave
Fri Dec 27 2024
Users who haven't undergone KYC can only access specific parts of Binance, limiting their trading and account management options.
VoyagerSoul
Fri Dec 27 2024
KYC is a crucial step in ensuring the security of both the platform and its users, as it verifies identities and prevents fraudulent activities.