In order to ensure a stable and compliant fiat gateway, users buying crypto with credit & debit cards are required to complete Identity Verification. Users who have already completed Identity Verification for their Binance account will be able to continue to buy crypto without any additional information required. Users who are required to provide extra information will be prompted the next time they attempt to make a crypto purchase with a credit or debit card.
Each Identity Verification level completed will grant increased transaction limits as listed below. All transaction limits are fixed to the value of the Euro (€) regardless of fiat currency used and thus will vary slightly in other fiat currencies according to exchange rates.
This verification requires the user’s name, address, and date of birth.
Users must complete further identity verification to continue and get a limit of €3000/daily.
Identity & Face Verification:
This verification level will require a copy of a valid photo ID and taking a selfie to prove identity. Face verification will require a smartphone with Binance App installed or a PC/Mac with a webcam.
For help with completing Identity Verification, please check the guide via how to complete identity verification.