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Why Do I Need A Verified Binance Account?
If you've been keeping a watch on the cryptocurrency market, especially throughout the recent dip, you'll know that Binance has been strong support for many coins. It's one of the biggest and most influential exchanges available today, and this is exactly why so many traders keep their eyes peeled for new opportunities to invest there.
However, just like any exchange or financial service, you will need to verify your account to have started.
To Trade
You will need to verify your account to trade on your Binance account. You'll be able to begin to see the set of digital assets which you may currently trade once you've verified your account. Without having verified it, you is only going to manage to withdraw coins from the platform.
To Receive Or Send Cryptocurrency
If you want to trade on Binance, you will need to verify your account. Without verification, you can't make any trades or withdrawals. This really is also the case if you're just depositing cryptocurrency into your account. You will need to verify to withdraw funds from your account.
To Withdraw Funds
This really is the most typical reason people need Verified Binance Account.You'll need to verify your account to be able to withdraw your funds, and it's a good idea to achieve this in early stages so that you don't have any problems when withdrawing in the future.
For Enhanced Security
One of the reasons perhaps you are needed to verify your account is for enhanced security. The exchange cannot allow any accounts to trade without verifying them since there is no way of knowing if your person is registered. It's not uncommon for individuals to register for multiple accounts and then use one particular accounts to trade on behalf of one other or to trade with themselves.
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