Does Binance need to be certified for withdrawals?

Identity authentication is required to perform currency withdrawal operations on Binance, and the authentication level determines the currency withdrawal amount. 1. The basic certification cannot withdraw coins. 2. Basic currency withdrawal amount can be obtained through primary certification. 3. Advanced authentication can increase the amount of currency withdrawal, and requires identification and facial recognition.

Binance, as one of the world's leading digital asset trading service platforms (along with Ouyi OKX, Sesame Open Gate.io, etc.), provides users with the function of withdrawing virtual currencies (cryptocurrencies) in their accounts to other platforms or personal asset management tools, namely "withdrawal" or "withdrawal". Many users, especially new users, often ask: "Does identity authentication need to be completed when withdrawing coins on Binance?" The answer is yes, and the level of identity authentication is directly related to the user's withdrawal amount.

1. Binance’s mandatory identity authentication (KYC) policy

Binance official website:

Binance official app:

In order to comply with increasingly strict AML and CTF regulations around the world, and to ensure the security of the platform itself and users, Binance, like most mainstream compliant trading platforms, has implemented a mandatory "Know Your Customer" policy, which is what we usually call identity authentication.

This means that all users who want to perform core functions including withdrawal on the Binance platform must complete a certain level of identity authentication. Unauthenticated account functions will be greatly restricted, and virtual currency withdrawal operations are usually not possible.

2. The relationship between identity authentication level and currency withdrawal amount

Binance usually has different levels of identity authentication, each level corresponds to different permissions. One of the most important differences is the daily withdrawal amount. Although the specific level division and corresponding quotas may change with time and policy adjustments, the basic logic is as follows:

1. Basic authentication/registration status (not certified or minimum level authentication):

   • Usually only users are allowed to perform basic operations within the platform, such as viewing the market.
   • It is basically impossible to withdraw money from virtual currency. The charging and withdrawal function of fiat currencies is also usually limited or unavailable.

2. Primary Identity Authentication (commonly referred to as "authenticated" or Level 1):

   • This is the minimum requirement for withdrawal operations.
   • Users are usually required to provide basic personal information, such as name, nationality, date of birth, etc., and may require simple verification.
   • After completing primary authentication, the user will receive a daily withdrawal amount (for example, equivalent to a certain amount of BTC or other mainstream coins). This amount may be sufficient for most ordinary users to use on a daily basis.

3. Advanced Identity Authentication (commonly known as "authenticated" or Level 2, or even higher):

   • If users need a higher daily withdrawal amount (for example, large asset transfers), a higher level of identity authentication is required.
   • This usually requires the user to upload a front and back photo or scanned copy of a valid identification document (such as ID card, passport).
   • Facial recognition verification (i.e. "face recognition") may also be required to ensure that it is the operation of the person.
   • In some cases, it may also be necessary to provide a proof of address (such as utility bills, bank statements, etc.).
   • After completing the advanced certification, the daily withdrawal amount of users will be significantly increased, which can meet the needs of large-scale capital flows.

3. Why do I need identity authentication to withdraw coins?

• Legal compliance requirements: This is a major trend in global financial regulation, aiming to prevent illegal capital flows. The exchange must identify its user.
• Platform Security: Identity authentication helps reduce the risk of fraudulent activities and account theft. Verified identity information helps trace and process if an unusual activity occurs in the account.
• User asset security: To a certain extent, identity authentication also provides a guarantee for users to retrieve their accounts or handle disputes.

4. How to complete identity authentication?

Usually, there will be obvious "identity authentication" or "Verification" entrances within Binance's official platform (recommended to operate through official mobile applications and pay attention to checking developer information). Users only need to follow the platform's guidance and gradually submit the required information and files. The review time may range from minutes to days, depending on the clarity of the submitted materials and the review amount of the platform at that time.

5. Summary

In short, the answer to "Does Binance require authentication to withdraw money?" is absolutely necessary. Accounts without identity authentication are almost impossible to withdraw money. Users need to complete at least primary identity authentication to obtain the basic daily withdrawal amount. If a higher amount of currency withdrawal is required, a higher level of identity authentication must be completed, which usually involves uploading an identity document and performing facial recognition. This is a necessary measure taken by Binance to meet compliance requirements and ensure the safety of the platform and users. It is recommended that all Binance users complete the identity authentication level that meets their needs as soon as possible to ensure smooth use of various core functions including withdrawals.

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