Easy Way For Nigerians To Verify Their Binance Account: A Complete KYC Guide | Binance Blog (2024)

The first step for Nigerian Binancians looking to begin their crypto journey is to complete their Binance account verification. To better protect its users, Binance complies with global financial rules and regulations. Some of the most important standards are related to KYC (Know Your Customer) and AML (Anti-Money Laundering).

Thus, to utilize our platform, every user is required to have their identity verified.

In this complete KYC guide, we will walk you through the easy steps for Nigerians to verify your Binance account.

What is KYC?

KYC is short for “know your customer” or “know your client.” It is a set of processes and procedures that suppliers of financial services have in place to keep track of their clients’ identities. The ultimate goal here is to minimize the possibility of financial crime.

As Binance continues to authenticate its customers’ identities, it becomes more difficult for its platforms to be exploited for unlawful transactions.

Customers are typically required to supply their personal information and subsequently verify that information using official documents.

Overall, KYC procedures limit illicit activity on the platform and increase its security for all users.

Benefits of KYC for Nigerians

Verifying your Binance account with this KYC guide offers several benefits, including:

Trust

For a service provider to be accountable, they should have a robust KYC system in place. Binance’s know-your-customers processes and controls are industry-leading – that’s how you know that we take user protection seriously and are deserving of your trust.

Security

KYC also helps secure funds because transactions can be tracked if something goes wrong. This makes it possible to investigate fraudulent activity and find those responsible.

Risk Management

You will be better able to control the risks associated with lending when KYC is in place because you will have easier access to the financial history of the other party.

Additionally, user verification lessens the likelihood of the platform being exploited for illegal activities like money laundering.

Unlimited Access to Binance Products and Services

Verifying your account (i.e., with Verified or Verified Plus status) allows you to access Binance products and services, including cryptocurrency deposits, trades, and withdrawals.

The account permissions of users whose accounts have not yet been validated are set to “Withdraw Only.” This means that only services like withdrawal, order cancellation, position closing, and redemption are available to these accounts.

Also, the limitations do not allow unverified accounts to trade on Binance. However, once your account has been verified, you will have full access to all of Binance’s products and services.

So, to avoid delays in the verification process and restrictions on your account access, you should verify your account as soon as possible.

You can get more information on why you need to complete your identity verification.

Where Can I Get My Binance Account Verified?

You can access the Identity Verification from [User Center] - [Identification] or access it directly from here.

On this page, you can check your current verification level, which is the factor that determines the maximum daily trading volume for your Binance account. You will need to achieve an appropriate identity verification level to raise your limit.

How Nigerians can verify their Binance Account. A step-by-step guide

Before you start, note that you should not refresh your browser during the process.

Now, let’s begin.

1. Log in to your Binance account and click [User Center] - [Identification].

You may click [Get verified] on the homepage directly for new users.

2. Here, you can see [Verified], [Verified Plus], and [Enterprise Verification] and their respective deposit and withdrawal limits. You can change your country to Nigeria by clicking next to [Residential Country/Region].

Note: Trading limits vary for different countries.

3. After that, tap [Start Now] to verify your account.

4. Select your country of residence (Nigeria). Please ensure that your country of residence (Nigeria) is consistent with your ID documents.

You will then see the list of verification requirements for Nigeria. Click [Continue].

5. Enter your personal information and click [Continue].

Please ensure that all the information entered is consistent with your ID documents. You won’t be able to change it once confirmed.

6. Next, you will need to upload your ID document number. Please choose the type of ID and the country your documents were issued.

Click [Continue] to proceed

7. After that, you will have to complete a face authentication test. Click [Continue] to finish face verification on your device.

Note: Do not wear hats, glasses, or use filters, and ensure that the lighting is sufficient.

8. After completing the process, please wait patiently. Binance will review your data promptly. Once your application has been verified, you will receive an email notification.

Bottom Line

Now you know how to easily verify your Binance account in Nigeria and benefit from Binance’s security and safety. Why not get verified right now? Follow our KYC guide to get your account verified and start trading.

If you haven’t already, create a Binance account or download the Binance crypto trading app, and then verify your account. Once your account is successfully verified, you can start your crypto journey with competitive trading fees on Binance.