You'll be learning about KYC and why it is important.

What is KYC?

KYC is an acronym for "know your customer" or sometimes known as "know your client". It is a mandatory verification expected to be done by customers of a particular organization or financial institution.

This can be achieved by the provision of a valid document by customers for proof of their identity.

What are the benefits of KYC?

Just like every other financial institution that requires KYC verification, Binance isn't an exception. It comes with its own benefits, which are

1. Upgraded daily Fiat deposit and withdrawal limits.
2. Unlimited Crypto deposit.
3. Upgraded daily crypto withdrawal limits.
4. Access to P2P transactions.
5. Access to Binance futures.

Why is KYC important for crypto exchanges?

KYC is very much important for crypto exchanges in that it helps them protect their users and also the exchange itself by increasing the level of security of funds as users use the Exchange's services.

How to complete intermediate KYC on Binance?

1. Visit Binance.com.
2. Click on Identification.
3. Click on Verify.
4. Complete the Verification.

What is the difference between KYC & AML?

AML includes a vast range of regulatory processes designed to curb money laundering. while KYC (know your customer ) requirements are just one part of a broader umbrella term commonly called anti-money laundering (AML).

What are some identifying documents required by KYC processes?

1. Driver's License / Government-issued photo ID.
2. Passport.
3. Social security number.
4. Voter ID Card.

You can signup to Binance Using the link below: https://accounts.binance.me/en/register?ref=I5L7LRSR

Start your futures journey with the link below: https://www.binance.com/en/futures

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