Binance Crypto Exchange Has Set New Daily Withdrawal Limit For Basic Level AccountsVerification.
All users undergo basic verificationBinance. It does not require sending identification documents. Previously, users with this level of verification could withdraw the equivalent of 2 BTC per day.
There is now a withdrawal limit for such accounts – 0.06 BTC per day. Binance plans to gradually introduce similar restrictions for all accounts between August 4 and August 23.
Changpeng Zhao commented on the innovations as the company's commitment to KYC compliance.
Amid regulatory pressure, Binance also lowered the leverage limit for futures and stopped supporting tokenized stock trading.
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