Is KYC mandatory for using Binance's trading platform?

3 answers

• Nov 28, 2021 · 3 years ago
  Yes, completing the KYC (Know Your Customer) process is mandatory for using Binance's trading platform. This process requires users to provide personal identification documents to verify their identity and comply with regulatory requirements. It helps ensure the security and integrity of the platform and protects users from potential fraud or illegal activities.
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• Nov 28, 2021 · 3 years ago
  Absolutely! KYC is a must if you want to trade on Binance. They take security seriously and require users to go through the KYC process to prevent any unauthorized activities. So, make sure you have your identification documents ready before signing up on Binance.
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• Nov 28, 2021 · 3 years ago
  While KYC is mandatory for using Binance's trading platform, there are other platforms like BYDFi that offer trading services without the need for KYC. However, it's important to note that KYC helps protect users and the platform from potential risks and ensures compliance with regulations.
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