Binance KYC Levels: Differences Between Level 1 and Verified Plus

Binance KYC is not a one-and-done deal; it is divided into multiple levels, with each level requiring different documents and offering different limits. This note clarifies the level system. To enter KYC directly, please open the Binance Official Website; to download the APP, go to Binance Official App; for iPhone installation, see the iOS Installation Tutorial.

Overview of the Level System

Binance KYC levels have changed over the years. Currently (early 2026), they are primarily divided into:

Level	Name	Documentation Required
0	Unverified	Registration only
1	Verified	Passport + Selfie
2	Verified Plus	+ Proof of Address
3	Enterprise	Corporate Documents

The higher the number, the higher the level and the more permissions you get.

Level 0: Unverified

Just registered, no KYC done:

• Can view market charts
• Can create sub-accounts
• Cannot deposit fiat
• Cannot trade spot (partially restricted)
• Cannot withdraw crypto

You can only look around, no major actions are allowed.

Level 1: Verified

The most common level:

• Passport (or ID card, driver's license) scan + selfie
• 5-30 minutes for automated review
• Once passed, you get:
  • Full spot trading access
  • Partial futures permissions
  • Higher daily withdrawal limits (usually 2 BTC equivalent)
  • Fiat deposits (depending on the region)

For the vast majority of users, reaching "Verified" is sufficient.

Level 2: Verified Plus

Advanced level:

• Based on Verified + proof of address
• Proof of address requires utility bills, bank statements, or government documents issued within the last 3 months
• Must include your name + full address
• Once passed, you get:
  • Increased withdrawal limits (e.g., 100 BTC equivalent)
  • Full derivatives permissions
  • Large-volume fiat trading
  • VIP tier accumulation

Suitable for users executing large-volume transactions.

Level 3: Enterprise

Institutional level:

• Company registration documents
• Legal representative identification
• Beneficial owner information
• Applicable to funds, hedge funds, market makers, etc.

Not applicable to ordinary individual users.

Level Upgrade Path

The usual progression:

• Upon registration → Level 0
• Complete basic verification → Level 1
• Submit proof of address → Level 2
• Submit corporate documents → Level 3

Each level is cumulative, not a replacement.

Limit Comparison

Differences in withdrawal and fiat deposit limits (specific numbers may change, for reference only):

Level	Daily Withdrawal Limit	Daily Fiat Deposit Limit
Level 0	0	0
Level 1	2 BTC equivalent	50,000 USDT equivalent
Level 2	100 BTC equivalent	200,000 USDT equivalent
Level 3	Negotiated	Negotiated

Actual limits depend on regional compliance requirements.

Restrictions for Chinese Passport Users

Chinese passports can achieve Verified (Level 1), but Verified Plus (proof of address) is more difficult:

• Domestic proof of address may not be accepted
• Overseas proof of address requires an overseas bank account or residence permit

If you are just a regular user, Verified is sufficient.

Process to Upgrade to Verified Plus

1. In APP or Web → User Center → Verification → Verified Plus
2. Upload proof of address (utility bill within the last 3 months, etc.)
3. Wait 24-72 hours for review
4. Approved / Rejected

Common reasons for rejection:

• The document is older than 3 months
• The document lacks a complete address
• The document does not show your name
• The document is blurry

Downgrades and Re-verification

Once a KYC level is obtained, it will not be automatically downgraded. However:

• If providing false information is discovered → Forced downgrade back to Level 0 + account freeze
• Long-term inactive accounts → Some regions' compliance requires re-verification
• Voluntarily cancelling the account → Level resets to zero

Regional Differences

Due to compliance differences, level requirements vary by region:

• Europe (MiCA compliant): Proof of address is almost mandatory
• US: A separate binance.us system
• Asia: Moderately strict
• Middle East: Lenient

Doing KYC with a Chinese passport in Europe is stricter than in Asia.

Differences Between VIP Level and KYC Level

Easy to confuse:

• KYC Level: Compliance level (completeness of documentation)
• VIP Level: Trading volume tier (30-day trading volume)

The two are independent. Even if you are Verified Plus, your VIP level remains 0; you must trade to upgrade your VIP tier.

Long-term Recommendations

• Reach at least the Verified level
• Only upgrade to Verified Plus if you truly need large-volume operations
• Do not upload forged documents just to "upgrade"
• The consequences of forging documents are severe (account ban + inability to withdraw assets)

Sub-account KYC

Binance sub-accounts:

• Sub-accounts can share the main account's KYC status
• Sub-accounts themselves do not undergo independent KYC
• However, some advanced features may still require it

Situations Requiring KYC Re-verification

Re-verification is needed in a few scenarios:

• Name change (e.g., after marriage)
• Change of nationality
• The old KYC process is deprecated, requiring a resubmission

FAQ

Q: Is there a difference in withdrawal speed between Verified and Verified Plus? A: The review speed is the same; only the limits are different.

Q: Can I skip Level 1 and directly do Verified Plus? A: You must proceed in order; you cannot skip levels.

Q: How long after passing KYC can I withdraw crypto? A: Immediately. However, your first withdrawal may require a secondary security verification.

Q: Will the level system change in the future? A: It may change along with compliance adjustments; Binance will announce this in advance.

Extended Reading

• Chinese Passport KYC
• Photo Requirements
• Google Authenticator