Why does Binance verify some accounts for cryptocurrency trading?

3 answers

• Duyên LêJan 04, 2025 · 6 months ago
  Binance verifies accounts for cryptocurrency trading to ensure compliance with regulatory requirements. By verifying user identities, Binance can prevent money laundering, fraud, and other illegal activities.
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• EssahJun 24, 2021 · 4 years ago
  Account verification is necessary for Binance to maintain a secure trading environment. It helps protect users' funds and prevents unauthorized access to accounts. Additionally, verification allows Binance to offer higher withdrawal limits and access to advanced trading features.
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• Deniel JacksonNov 06, 2023 · 2 years ago
  At BYDFi, we understand the importance of account verification for cryptocurrency trading. Verifying accounts helps us maintain a trusted platform and protect our users from potential risks. It also allows us to provide personalized support and tailored services to our verified users.
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