It’s definitely safe for you to provide your ID for verification as the ban doesn’t mean you can’t invest with binance . Binance has added support for Chinese users of WeChat and Alipay, circumventing a Chinese ban on cryptocurrency exchanges by launching a P2P service that is accessible by Chinese citizens.
Read moreCan you be anonymous on Binance?
#7) Binance It allows the cash method for trading and hence supports anonymous buying of Bitcoins . Binance supports buying Bitcoin with cash which is also called an anonymous buying method. For fiat transactions, you will not have to use a bank account or online wallet.
Read moreDo you need ID for Binance?
Binance requires all users to complete Identity Verification to increase their account security and to comply with countries’ regulations.
Read moreWhy does Binance need a bank statement?
You have to be over 18 years old minimum to trade on a crypto exchange and must have a bank account in your own name. This is due to money laundering laws. So use a bank statement as proof of address .
Read moreCan you use Binance anonymously?
It allows the cash method for trading and hence supports anonymous buying of Bitcoins. Binance supports buying Bitcoin with cash which is also called an anonymous buying method . For fiat transactions, you will not have to use a bank account or online wallet. This makes trading easy and fast.
Read moreDoes Binance US report to IRS?
Yes. If you earned at least $600 through staking or Learn and Earn rewards, Binance.US issues 1099-MISCs and reports to the IRS . These kinds of incomes are classified as ordinary income.
Read moreWhat ID can I use in Binance?
Driver’s License / Government-issued photo ID . Passport. Social security number. PAN card.
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