- Binance KYC Explained
KYC (Know Your Customer) is an important measure implemented by financial institutions to comply with international regulatory requirements such as anti-money laundering and counter-terrorism financing. In the cryptocurrency field, as regulatory agencies strengthen their oversight of the digital asset market, KYC has become one of the guidelines that cryptocurrency exchanges must follow.
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The significance of Binance KYC:
Preventing financial crime: By collecting users' identity information, Binance can identify and prevent illegal activities such as money laundering and terrorism financing.
Enhancing transaction security: Identity verification helps protect users' account security and reduces the risk of account theft or unauthorized transactions.
Compliance with regulatory requirements: As a leading global cryptocurrency exchange, Binance needs to comply with the laws and regulations of various countries and regions, and KYC is an indispensable part of this.
How to perform Binance KYC:
Log in to your Binance account: Visit the Binance official website or use the Binance APP to log in to your account.
Go to the KYC page: Find the KYC or identity verification option in the account settings and click to enter.
Submit identity information: Follow the prompts on the page to upload your ID card, passport, or other officially recognized identification documents, and fill in the relevant information.
Wait for review: After submission, your information will undergo manual review. The review time may vary by country and region, so please be patient.
2. How to Set Up 2FA with Binance Authenticator
2FA (Two-Factor Authentication) is an effective method to enhance account security. By enabling 2FA, even if your password is stolen, hackers cannot easily access your account.
Step 1: Download and Install Binance Authenticator
Log in to your Binance account: First, ensure you are logged into the Binance official website or APP.
Go to the security settings page: Click [Account] - [Security], and find the [Authenticator App] option on the security settings page.
Download Binance Authenticator: Click the [Download Binance Authenticator] button, and download and install the APP from the corresponding app store based on your mobile operating system (Android or iOS).
Step 2: Enable and Set Up Binance Authenticator
Open the Binance Authenticator APP: After installation, open the APP and set a secure unlock password or use fingerprint/face recognition.
Enable the authenticator in your Binance account:
Return to the security settings page of your Binance account and click [Manage] in the [Authenticator App] section.
On the [Authenticator App] page, click [Enable].
The system will display a QR code and a set of backup keys. Please ensure to save the backup keys in a secure place for future reference.
Scan the QR code or enter the key:
In the Binance Authenticator APP, select "Add New Account" or a similar option.
If your APP supports scanning QR codes, scan the QR code on the screen directly. If not, manually enter the backup key.
Verify and save: Follow the prompts in the APP to complete the verification process and save the generated dynamic verification code.
Step 3: Use the Authenticator for Login and Transaction Verification
From now on, whenever you log in to your Binance account or perform important transactions, the system will require you to enter the dynamic verification code displayed in the authenticator APP.
Please ensure that your authenticator APP is always updated to the latest version and keep your device and backup keys secure.
By following these steps, you can successfully enable Binance's authenticator and add an extra layer of security to your account. Remember to regularly check your account security settings to ensure your cryptocurrency assets are safe.