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Tale of Woe - ie usual Binance faff.

Binance

Cryptocoins Exchanges / Binance 194 Views

On a regular basis I put ~£1000 into Binance, with it buy BTC, convert to XMR, withdraw to another P2P exhange and sell at a profit. Simple! Apparently not :(

Having repeated this process 100 times in the last few months I have triggered another one of those Binance 'gotchas'. They now want me to submit 'Source of Wealth' documents presumably to prove the money is legit.

So I send them (several times) everything I have but all I get back is 'the net worth declared by you is not aligned with your fiduciary deposits - try again'.

Understanding how I have not invested £100k of my 'vaste wealth', but the same £1000 one hundred times, must be more than the financial wizards at Binance can cope with.

Of course I cannot talk with or email the relevant department directly (Customer Support were no help - are they ever, lets not go there!!!). All I am allowed do is to resubmit the same form and receive the same standard email response.

Anybody know how to break this impasse ?

submitted by /u/37inglenook
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