Binance Limits Exchange Activity for Unverified Users.
01 Aug 2021, 08:00
Binance Limits Exchange Activity for Unverified Users
Leading digital currency exchange Binance – arguably the biggest cryptocurrency trading platform in the world – is taking heavy action against unverified users.
Binance Moves Towards Limiting Unverified CustomersIn a series of tweets, Changpeng Zhao – the company’s CEO – announced that Binance would be limiting how much money customers can remove or withdraw from their accounts daily, granted they have not gone through the verification process with the exchange. Zhao explained the details as such:
Daily withdrawal limits will be adjusted from two BTC to 0.06 BTC (roughly ~$2,000 USD) for accounts who have only passed basic account verification.