Secure your Binance account to minimize the scams and chances of getting your data altered. Anybody can hack your account, alter your bank statement & your details. Trading with an unverified account on Binance is not a safe move for you. Enhances security measures:Īs the cryptocurrency game is on fire, scammers and hackers are also active. Simply by updating your details, you are boosting your trading limits. Lastly, the Advanced level verified accounts trade $200K daily with a monthly limit of $2 million. Intermediate level verified traders trade $50,000 daily, $500K monthly, and withdraw funds up to100 BTC daily. Understand this situation with this example īasic level verified accounts withdraw only $300, with a 2 BTC daily withdrawal limit. Just like other crypto trading platforms, Binance also necessitates identity verification to unlock unlimited trading limits.
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