How Do I Increase My Spending on Binance?
Buying, selling, and trading cryptocurrency is a good way to invest, but you'll want to take advantage of identity verification to access greater purchase and withdrawal limits. Depending on which Binance platform you use, verification can be as straightforward as uploading a government-issued ID and proof of address. Please feel free to reach out to Binance Support if you have any questions.
Learning about cryptocurrencies can be as easy as signing up for a free account on platforms such as Binance.com or Binance.US. You'd just need to provide some basic information to open an account, but new accounts rarely have high spending limits. Binance requires identity verification in order for you to increase your spending limits. The necessary documents are the same, but the process may differ depending on which platform you use. This guide will advise on how to verify a personal or individual account.
Binance.US Account Limits
Little is known about the U.S. site's account limits, but it's assumed they're comparable to the Binance.com policies and vary by state. Please note that new accounts that recently had verification may not have clearance to make large withdrawals yet.
Binance.US Account Verification
You'll need to provide your name, email address and phone number when you create your account, but residents of the U.S. are required to secure their accounts with an authorization code sent via SMS. Your next step is to provide a government-issued ID: driver's license, state-issued ID, or a passport. Your account is now fully verified after Binance.US reviews your uploaded documents. Another option is the advanced verification, requiring proof of address, which further increases your account limits. You can expect verification of your account to take up to 13 days.
Please note that your name and address on your proof of address must be identical to what is on your government-issued ID. P.O. Boxes are not allowed as mailing addresses.
If you have any questions, please reach out anytime to Binance.US customer service agents here.
Binance.com Account Limits
Binance.com is only available to international residents, excluding the U.S. Newly opened accounts can withdraw up to 0.06 BTC after providing full name, date of birth, nationality, and home address. The limits depend on the country so please review the support pages for this information.
There are two levels of verification for all users which require uploading a government-issued ID, sending a selfie, and completing a live-face verification. When you're ready, please use good lighting, no filters, hats, or sunglasses that obscure your facial features. The timeframe for this level is 13 days and will allow you to withdraw up to $50K USD equivalent daily. The second level requires proof of address and takes an additional 10 days. Your limits are increased to $200K USD equivalent daily after review completion.
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