can i withdraw from binance without kyc

Binance allows withdrawals of up to 2 BTC per day without KYC verification, subject to withdrawal limits for certain cryptocurrencies and fiat currencies.

Nov 01, 2024 at 03:29 am

Can I Withdraw from Binance Without KYC?

1. Understanding KYC

Know Your Customer (KYC) regulations require financial institutions to verify the identity of their customers to prevent money laundering and terrorism financing.

2. Binance KYC Requirements

Binance, a major cryptocurrency exchange, requires KYC verification for most users to:

• Withdraw fiat currencies (e.g., USD, EUR)
• Withdraw certain cryptocurrencies in large amounts
• Trade derivatives or margin

3. Exemptions from KYC

There are limited exemptions from KYC requirements:

• Small Withdrawals: You can withdraw up to 2 BTC daily without KYC, subject to withdrawal limits.
• Small Deposits: You can deposit up to 1 BTC daily into your Binance account without KYC.
• Certain Cryptocurrencies: Some altcoins and tokens may not require KYC verification for deposits or withdrawals.

4. Verifying Account

To pass KYC verification, you must provide:

• Government-issued photo ID (passport, driving license, etc.)
• Address verification (utility bill, bank statement, etc.)
• Facial recognition scan

5. Limitations Without KYC

Without KYC verification, you are subject to the following limitations:

• Withdrawal limits: 2 BTC per day (subject to change)
• Restricted access to certain trading features
• Potential account suspension or restriction

6. Conclusion

While Binance requires KYC for most users, you can withdraw small amounts of cryptocurrency and deposit up to 1 BTC daily without verification. It is important to note that KYC regulations help prevent fraud and protect both users and the exchange. If you plan to withdraw large amounts or access certain trading features, you will need to complete KYC verification.