# How to Verify in Binance: A Comprehensive Guide
Binance, one of the world's leading cryptocurrency exchanges, offers a wide array of services and features designed for both professional traders and casual investors alike. However, some advanced functions, such as margin trading or token staking, are locked behind account verification. In order to access these services, users must verify their accounts by providing certain identifying documents. This article will guide you through the process step-by-step, ensuring that you can easily verify your Binance account and unlock all its features.
Understanding Account Verification on Binance
Account verification is a security measure implemented by Binance to prevent money laundering and other fraudulent activities. It also enables Binance to comply with regulatory requirements in different jurisdictions. The process involves providing KYC (Know Your Customer) documents, such as government-issued identification or utility bills.
Verification Levels on Binance
Binance offers four levels of account verification: Level 1 (Basic), Level 2 (Standard), Level 3 (Advanced), and Level 4 (Master). As you progress through these levels, you gain access to more advanced trading features, higher withdrawal limits, and better customer support.
Level 1 - Basic Verification
Level 1 verification is for users who are new to Binance or prefer not to fully verify their account. This level allows limited withdrawals in some cryptocurrencies, but it does not lock away any trading functions.
Level 2 - Standard Verification
To reach Level 2, you must provide a government-issued ID document. This verification is relatively easy and quick, enabling users to access almost all Binance's features, including higher withdrawal limits in cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH).
Level 3 - Advanced Verification
At Level 3, users are required to provide two ID documents and cover their faces with a webcam scan for added security. This verification level is suitable for professional traders who wish to fully utilize Binance's trading functions while maintaining the highest levels of security.
Level 4 - Master VerIFICATION
The Master Verification level, the most thorough process in terms of KYC checks, requires users to provide identification documents and cover their faces with a webcam scan for added security. This step ensures that Binance can operate within regulatory compliance and protect its users' assets during trading activities.
The Verification Process: Step by Step
1. Log into Your Account: Before starting the verification process, make sure you are logged in to your Binance account using your email address and password.
2. Navigate to 'My Profile': Once on the dashboard, hover over the top right corner, and click on "Profile" or simply type 'my' into the search bar to access your account settings.
3. Click on 'Verification Level': On the left side of the profile page, you will see options like email verification, phone number verification, and most importantly, “Verification Level”. Clicking on this option opens a new window with four levels: Basic, Standard, Advanced, and Master.
4. Select Your Desired Verification Level: Based on your trading requirements, choose the level you wish to verify up to. The higher the level, the more documents required during verification.
5. Upload Your Documents: Binance will provide a list of acceptable ID documents for each level. Follow the on-screen instructions to upload these documents, ensuring they are clear and readable by clicking 'Add Document' button next to the document type you wish to submit.
6. Face Verification (Advanced & Master): For Level 3 (Advanced) and Level 4 (Master) verification, Binance may require a webcam scan for face identification to ensure it is your real ID being used. Follow the prompts on the screen and make sure to show only the designated areas of your ID while capturing the photo or video.
7. Review Confirmation: After submitting all required documents, review any additional information Binance requests (such as a copy of a utility bill or bank statement) before hitting 'Confirm'.
8. Wait for Verification to Complete: Once you have completed these steps and submitted your application, Binance will review it within 2-3 business days (or up to 10 business days depending on the verification level and jurisdiction). During this period, do not attempt to log in or make any transactions as they will be temporarily locked until your account is fully verified.
9. Complete After Verification: Once Binance completes its review and approves your application for a higher level of verification, you'll receive an email notification. From then on, you should have full access to all the features that correspond with the highest level of verification achieved.
In conclusion, verifying your account on Binance is crucial if you want to take advantage of advanced trading functions and enjoy high withdrawal limits for cryptocurrencies like BTC or ETH. By following this guide, users can easily navigate through the process of account verification in a straightforward manner. Remember that while it may seem daunting at first, completing this step provides peace of mind knowing your account is secure, allowing you to focus on growing your cryptocurrency portfolio with confidence.