How to Get Verified on Binance in Kenya: N0 1 Guide
Step-by-Step: How to Verify Your Binance Account in Kenya and Trade Cryptocurrencies
Binance, the world's largest cryptocurrency exchange platform, has revolutionized the world of cryptocurrency trading. For Kenyan traders, having a verified Binance account opens the doors to investing in and trading various cryptocurrencies. However, many people in Kenya need help getting verified on Binance. Now, let us take a look at how to successfully verify your Binance account, ensuring that you can access the full range of cryptocurrency trading opportunities it offers.
Binance, founded in 2017, has quickly become the go-to platform for cryptocurrency enthusiasts worldwide. Before diving into the verification process, it's essential to understand that all new users, whether in Kenya or any other part of the world, must register and verify their accounts to access the cryptocurrency exchange platform's products and services.
Requirements for Creating a Binance Account
Now that you have your account, it's essential to understand the requirements for creating a Binance account. The verification process, known as KYC (Know Your Customer), varies depending on your region and the type of account you intend to use. In Kenya, for instance, the following documents can help you pass Binance's KYC:
- A valid passport
- Government-issued ID
- Driver's license
- PAN card or social security number
- Voter's ID
During the ID verification stage, choose an ID option with a serial number rather than one requiring scanning. This helps expedite the verification process, as Binance automatically verifies your digits.
Registering a Binance Account in Kenya
To begin your journey with Binance, follow these simple steps to register your account:
- Visit the Binance account registration website: Go to the official Binance website to start the registration process.
- Select and confirm your country: Choose Kenya as your country of residence and confirm it.
- Register with your email address or phone number: Provide your email address or phone number, and agree to the "Terms and Conditions."
- Click on "Create Account.": After reviewing and agreeing to the terms, create your Binance account.
Now that you have successfully created your account, it's time to learn how to verify it.
How to Verify Your Binance Account in Kenya
Verifying your Binance account is straightforward and crucial to increasing your trading limits. Here are the steps to follow:
- Log in to your Binance account: Access your account and navigate to "User Center" - "Identification."
- Select "Get Verified": In the Identification section, you will find options such as "Verified," "Verified Plus," and "Enterprise Verification," each with its corresponding deposit and withdrawal limits.
- Click "Start Now" to verify your account. Begin the verification process by selecting your country of residence, ensuring it matches the information on your ID documents.
- Provide personal information: Enter your personal information as required and proceed.
- Upload ID documents: Follow the instructions to upload clear pictures of your ID documents.
- Take a selfie: The system will ask for a selfie to match your identity. Upload an existing photo from your computer.
- Complete the process: Click "Continue" to finalize the face verification on your computer.
You may wonder, "How long does Binance identity verification pending take?" While waiting for verification, you won't be able to transact using your account. Binance reviews your information promptly under the "Know Your Customer" (KYC) rule. If your application is denied multiple times within 24 hours, you must wait 24 hours before attempting again.
How Long Does Binance Verification Take?
Typically, Binance verification takes only minutes after completing the KYC process. However, the time may vary depending on your region and the credentials you provide. Once verified, you'll see a green checkmark with a "Verified" status, giving you access to the Binance platform.
Protecting Your Binance Account
While Binance has robust security measures in place, it's essential to take additional steps to protect your account:
- Activate two-factor authentication (2FA).
- Avoid linking your Binance wallet with untrusted services.
- Stick to Binance's in-app P2P exchange for secure trading.
Binance P2P: Buying Bitcoin in Kenya via M-Pesa
For over three years, Binance has supported M-Pesa, Kenya's leading mobile money transfer service, for cryptocurrency trading. You can use M-Pesa to buy Bitcoin and other cryptocurrencies through Binance P2P, all in your local currency and with zero transaction fees.
How to Buy Bitcoin With M-Pesa on Binance P2P
Before trading, ensure you've completed Level 2 identity verification on your Binance account. Once that's done, follow these steps:
- Add M-Pesa as a payment method in your Binance account.
- On the Binance app homepage, click "Payment Methods" and select "P2P payment methods."
- Find and select "Add M-Pesa" among the available payment options, then enter your payment details and confirm.
- Specify your search criteria, choosing the M-PESA payment method and KES currency.
- Select a P2P offer that suits your needs, enter the quantity you wish to buy, and specify your payment method.
- Complete the payment within the specified time limit.
- Tap "Transferred, notify seller" after sending the money.
- Once the seller confirms the receipt of your payment, the crypto will be released to you.
Benefits of Buying Bitcoin in Kenya via M-Pesa
There are several advantages to using M-Pesa for buying Bitcoin on Binance P2P:
- Accessibility: M-Pesa is widely used in Kenya, making buying Bitcoin without a bank account or credit card easy.
- Convenience: The process is simple and can be done from the comfort of your home using a mobile phone.
- Security: Binance ensures the safety of your information and funds with an escrow service for secure transactions.
- Variety: Binance P2P offers a wide range of crypto options, allowing you to choose the best offer.
In conclusion, understanding how to get verified on Binance in Kenya is essential for cryptocurrency trading on this platform. The verification process is straightforward, and once completed, it unlocks the full potential of your Binance account. While Binance has received mixed reviews, many users have found it to be a reliable platform for their cryptocurrency trading needs.
Frequently Asked Questions (FAQs)
Is Binance safe for cryptocurrency trading in Kenya?
Binance has a robust security system to protect user information and funds. However, taking precautions is essential, such as enabling two-factor authentication and conducting thorough research before trading.
Can I use Binance in Kenya without verifying my account?
You must verify your Binance account to access its full features and increase your trading limits.
How long does the Binance verification process take?
The verification process is typically completed within minutes, but it may take longer in some cases, depending on your region and the documents you provide.
What are the benefits of using Binance in Kenya?
Binance offers accessibility, convenience, security, and a wide range of cryptocurrency options for users in Kenya. It lets users buy cryptocurrencies using M-Pesa, a mobile money transfer service.
Is Binance regulated in Kenya?
Binance is not licensed to operate in Kenya and does not intend to obtain regulatory authorizations. Users should be aware of the potential challenges related to enforcement of their rights under Kenyan law when using Binance, which is located outside Kenya.