BINANCE KYC VERIFICATION HAVE BEEN MADE EASY - 10% to @Tron-Fan-Cub
Hello everyone and welcome to my blog.
Some weeks back we were asked during of the SteemitCryptoAcademy engagement challenge to review our best centralized exchange which I talked about Binance. Click here to view full content.
On one of the questions we were asked if there's anything about our favorite exchange we would like to change which I made mention of their KYC verification process.
- See below
The KYC verification has been a challenge to me for a very long time due to the inability of their verification set up to properly read and interpret my voter's card.
I long thought the issue was from my voter's card until I got another complain from a friend who have been trying to pass the KYC using her NIN slip.
- See below
This issue of verification has been a hurdle for many of us as there's totally no means for unverified users to make transactions using Binance which is another feature the platform is lacking.
But currently Binance has made the verification much more easier than we ever expected by introducing a BVN and NIN number verification.
- See below
This new update which came out yesterday being 24/05/2022, served as a relief to many unverified users because we do not need to wait for the system to interpret our details which it often fails to do properly but by simply inputting our BVN number, we can get verified.
This will also lead to the emergence of more cryptocurrency traders as Binance is the leading cryptocurrency exchange platform in the world and the most popular in my country Nigeria. But due to its initial difficulties in verifying users and demanding for government issued ID cards, has created a limit in adoption as most persons under the age of 18 hardly have access to any ID card because the most common ID cards in my country such as driver's license and voter's card are only issued to citizens who are at least 18 years of age.
This newly introduced verification option using BVN will allow those who currently do not have any form of identification card to comfortably pass KYC using their BVN as I believe that there are more bank users than those with government issued ID card as bank accounts can be opened using the bare minimum requirement such as school fees receipt.
Start by logging into Binance and enter your profile then click on the verification sign. After which you click on "verify again"
After clicking on "verify again", click on verify using BVN or NIN. Here I will be verifying using BVN.
After inputting your BVN number and clicking continue, you will be asked to capture your face in a facial verification and afterwhich the verification will be completed.
- Verification message from Binance
The issue of verification has long been the problem with Binance for many potential users but with the current verification update which now allows aspirant users to pass their Binance KYC with just few simple steps, that has been solved.
The new update has also made it possible for the verification to be reviewed in less than 10 minutes instead of the usual 2 days and that is also something to applaud Binance for.
Tweet link
https://twitter.com/EbullientSrr/status/1529522099467046912?s=19
Thank you for explaining this to all of us.
You're welcome.
It's a new update and I believe it will be helpful to some persons
Am glad binance brought ease to their registration process. This will help those who have been struggling to get onboard
You're right. Seeing the update I rushed and verified mine because I have been struggling with verification for almost a year now.
Hello @pelon53, I think you mistakenly skipped my post.
I'm sorry for tagging you here.
Don't be offended.
Great to see this new update from Binance, I've been struggling to verify my account since, I just keep selling to my guy... I'll go and do my verification right away.
Thank you for sharing this information
Same thing here. I have been selling to my guy.
At a point I had to collect his Binance login details but that was also stressful because I will have to always call him to send code whenever I want to make transactions.
But gladly, I now have mine verified after 7 months of struggle.
I'm sure this will also help Binance, as different users will easily hop in now that the verification is easy
Exactly... It will increase crypto adopters in general
interesting tutorial because I myself have been doing the verification for a long time
This is really a very useful update. i didn't notice this before. In fact, I could easily register my details in the past. But after a few years, it was a bit difficult. however, it looks like now they have solved that issue. Thank you very much for this informative article.