how to use binance without ssn

To utilize Binance without providing an SSN, one must accept the limitations of reduced trading limits and additional verification requirements for high-value transactions.

Oct 30, 2024 at 10:23 pm

How to Use Binance without an SSN

1. Create an Account:

Visit the Binance website or download the Binance app and select "Create Account." Enter your email address, create a strong password, and agree to the terms and conditions.

2. Incomplete Identity Verification:

Click on "Incomplete Verification" in your account settings. You will need to provide basic personal information such as your name, address, and date of birth. You can skip the SSN field if you don't have one.

3. Trade Cryptocurrencies:

Once your account is set up, you can start trading cryptocurrencies. You can deposit crypto assets or buy them using a credit/debit card or bank transfer.

4. Limits and Restrictions:

Without an SSN, you will have limited trading capacities:

• Daily Withdrawal Limit: $2,000 per day
• Transaction Limit: $10,000 per year

5. Additional Verification:

If you wish to increase your trading limits, you can complete additional verification steps by providing proof of identity and residency (e.g., passport, utility bill).

Limitations of Using Binance without an SSN:

• Reduced Trading Limits: As mentioned above, you will have lower trading limits than verified users.
• Verification Required for High-Value Transactions: For withdrawals exceeding $10,000 or crypto trades exceeding $2,000, Binance may require additional identity verification even without an SSN.
• Higher Fees: Unverified users may pay higher trading fees than verified users.

Conclusion:

Using Binance without an SSN is possible, but it comes with certain limitations. By understanding these restrictions and considering the additional verification options, you can safely navigate the platform and engage in cryptocurrency trading.