Before you can buy a cryptocurrency on Binance, you need to verify your account.
This is part of the Know Your Customer (KYC) process.
The process helps prevent money laundering and fraud.
Some cryptocurrency exchanges like Binance allow you to skip the KYC process.
However, you can only buy a cryptocurrency after completing it.
The regulation of cryptocurrencies is still very new, so it may change in the future.
In this guide, you will learn how to verify your Binance account.
How to verify your Binance account
The KYC process on the Binance exchange has two parts.
This includes basic verification and intermediate verification.
Basic verification requires you to provide your information.
This includes your nationality, date of birth, name and address.
To use Binance, you must be at least 18 years old.
You won’t be able to create an account if you’re under 18.
However, you can ask someone else to create an account for you.
After completing the basic verification process, you must complete the interim verification process.
The intermediate verification process requires you to verify your identity by uploading a document such as your ID.
1. Verify your email
To begin with, download the Binance app if you haven’t already.
You can download Binance from the App Store or Google Play Store.
You can also use Binance on a desktop.
If you use Binance on a desktop, you can use this link to create an account: https://www.binance.com/en/register?ref=73583477.
Once you’re on the Binance app, tap on “Sign Up/Sign In.”
Then, tap on “Register” at the top of the page.
After tapping on “Register”, the registration page will open.
Enter your email, choose a password, use “73583477” as your referral ID, and tap the arrow icon.
After tapping on the arrow icon, you will land on the “Email Authentication” page.
On the “Email Authentication” page, you need to enter an email verification code.
First, open your inbox and find the verification code.
Once you find the verification code, copy and paste it into the “Email verification code” field.
If you can’t find the code, you can resend it after a minute.
Be sure to check your junk or spam folder as it may have landed there.
After pasting the code, tap “Send” to verify your email.
2. Complete the basic verification
Once your email is verified, you will land on the welcome page.
On the welcome page, you will see that the “Create your account” step is ticked.
This means that you have completed it.
The second step is to verify your identity, which takes about 2 minutes.
You can skip this step by tapping “Skip”, however, it is not recommended.
This is because you can only buy a cryptocurrency on Binance if you have verified your identity.
To begin the verification process, tap “Verify Now”.
After tapping on “Verify Now”, you will land on the “Basic Verification” page.
Basic verification requires you to provide your information.
First, tap on the “Nationality” drop-down box and select your Nationality.
For example, if you are from Singapore, select “Singapore”.
Secondly, enter your first name, last name and middle name.
Thirdly, enter your date of birth in the “Date of birth” field.
Keep in mind that you must be at least 18 years old to create an account.
Finally, tap on “Continue” to proceed to the next step.
The final step to complete basic verification is to provide your address.
First, enter your address in the “Address” field.
Then, enter your zip code and the city where you live.
Then, tap “Continue” to complete the basic verification process.
3. Select a document type
After tapping “Continue”, you will land on the “Verified” screen.
This means that you have successfully completed the basic verification process.
However, you’re not done yet.
To have full access to Binance’s features, you must complete the intermediate verification.
Otherwise, you won’t be able to buy a cryptocurrency.
To begin the intermediate verification process, tap “Go Verification” at the top of the “Back to Home” button.
After tapping on “Go Verification”, the “Intermediate Verification” page will open.
On the page, you must select a document type to verify your identity.
There are 3 types of documents you can choose from.
This includes “Identity Card”, “Passport” or “Driver’s License”.
If you want to upload your ID, tap ID.
Then, tap “Continue” to go to the loading page.
4. Complete the intermediate verification
If you have selected the “Identity card” document type, you must upload your ID.
You are required to upload a photo of the front and back of your ID.
First, take a photo of the front and back of your ID.
Alternatively, you can scan the ID using a scanner and save it as a JPEG or PNG file.
Make sure your ID is clear and centered.
Then, tap “Continue” after loading the front and back of your ID.
After uploading your ID, you need to upload a portrait photo of yourself.
First, tap on “Upload Portrait Photo”.
You can take a selfie of yourself or upload a portrait photo of yourself from your gallery.
If you’re taking a picture of yourself, make sure your face is centered, well-lit, and visible.
This is to avoid facial recognition errors.
Once you’ve taken or uploaded a portrait photo of yourself, tap Continue.
After tapping on “Continue”, you will land on the “Advanced Verification Verified” page.
This means that you have successfully completed the intermediate verification process.
Now that you’ve completed both the basic and intermediate verification process, you’ll have full access to Binance’s features.
Now you will be able to buy and sell cryptocurrencies on the exchange.
Tap “Back to Home Page” to go to the Binance homepage.
From there, you can buy a cryptocurrency by tapping “Buy” and tapping on the cryptocurrency you want to buy.
Then, provide your debit or credit card details to buy the cryptocurrency.
You have successfully learned how to verify your account on Binance!
Verifying your Binance account is the first step to trading on the stock exchange.
Unlike other exchanges, verification of your identity on Binance is instantaneous.
In other words, you don’t have to wait for your verification to be approved.
However, if you’re having trouble with the verification process (for example, identity verification failed), you can contact Binance for assistance.
To do this, you can start a live chat with one of Binance’s support representatives here: https://www.binance.com/en/chat.