As the crypto industry is advancing further, so does the need for secure and trustworthy exchanges. The Indian government has mandated that all crypto exchanges must comply with Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) regulations.
Following which, Binance, the leading crypto exchange, has introduced Know Your Customer (KYC) re-verification for Indian users to ensure the highest standards of security and integrity.
Through KYC process, the exchange aims to trace the suspected transactions, thereby preventing the act of money laundering and terror groups using the platform to finance their operations.
With the latest re-verification requirement for Indian users, Binance is providing an extra layer of protection to users from fraudulent practices and enhance their confidence in Binance and the crypto market.
KYC plays a vital role in crypto industry to ensure users’ security and to prevent illegal activities. The process helps to reduce frauds and scams in crypto space.
Whether you’re a seasoned crypto trader or a beginner entering into the crypto world, this article will provide a detailed step-by-step guide to the Binance KYC process.
Comprehensive Guide to Binance KYC Procedure
Step 1: Create Binance India Account & Complete Registration Process
To open your account, visit Binance website. Then, sign up with your email address
and create a strong password. Now, click on the link given in an email received from Binance to confirm the registration process.
Once you are done verifying the email, log in your account and proceed to complete the profile by providing personal details such as -your full name, date of birth and other necessary information.
Step 2: Start KYC Procedure
Verification by accessing the “security” menu and then selecting “identify verification” from the Binance account.
Click on the “Start Verification” button by selecting India during account setup.
Step 3: Select Verification Level
Binance provides two types of verification levels- Basic and Advanced. Choose your level featured on the platform.
Step 4: Upload Required Documents
Now, you’ll need to submit the following documents:
- Government-issued ID: This could be your Aadhar card, PAN card, passport, or even your driving license.
- Proof of Address: This can be a utility bill, bank statement, or rental agreement, depending on your preference.
Ensure that the scans are clear, legible, and in one of the supported formats (JPEG or PNG)
Step 5: Apply for Verification
Fill up all the required details and submit your documents. After submission, you need to apply for verification.
Binance will review your documents, which will take several hours or even a few days. You’ll receive a notification once the process is finished.
Step 6: Avail All Binance Services
Once your verification is successfully completed, you will gain full access to Binance India’s features, such as buying, selling, and trading cryptocurrencies.
Conclusion
The process of KYC is much more than a mere formality. To ensure the security of users’ funds, Binance offers two-factor authentication. Binance aims to make cryptocurrency trading and investing safer and more secure through its KYC procedure.
Also read: Top 5 Non-KYC Crypto Exchanges 2025: Secure and Private Trade
