KYC is now mandatory for new users of Binance. — @PanteraOnNoiseApp on read.cash

@PanteraOnNoiseApp 20 August 2021 more from that month

KYC is now mandatory for new users of Binance. For early non-KYC accounts the limits are lowered to an equivelant of 0.06 BTCH for daily withdrawals. KYC compliance is now enforced almost completely by Binance. I speculate that eventually the 0.06BTC limit will be completely removed and KYC will be mandatory for all very soon. #Cryptocurrency

+KT
+BCH

8 comments

@Cryptopsycho21 20 August 2021

As government regulation becomes more focused on crypto, kyc will become more common. Otherwise, the companies will be held responsible.
e@edip 20 August 2021

Kyc it should be a must
- @PanteraOnNoiseApp 20 August 2021
  
  Why so? You enjoy handing your private information to strangers online?
@Fexonice1 20 August 2021

I still have some money in binance am yet to withdraw, I hope this new KYC update won't affect my account.
K@KamHus 20 August 2021

Thanks for the update. I'm not affected because I was already KYC'd to use the zero fee P2P trading, but this doesn't look good for others
@CrispyCrypto 20 August 2021

I am a binance user for almost 2 years now and just got verified last month lol! but after some crypto exchange hacking issues, maybe I will pull out my everything there
- K@KamHus 20 August 2021
  
  Where do to plan to move them?
  - @CrispyCrypto 20 August 2021
    
    In between PDAX or coin.ph, i will just maybe leave it there until such time, but still i am thinking of it