Why does Binance require a passport when using a driver's license? Are there any alternatives?

3 answers

• Dec 26, 2021 · 3 years ago
  Binance requires users to provide a passport instead of a driver's license for identity verification purposes. Passports are considered a more reliable form of identification as they are issued by government authorities and contain detailed personal information. This helps ensure the security and integrity of the platform. As for alternatives, Binance also accepts other government-issued identification documents, such as national ID cards or government-issued photo IDs.
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• Dec 26, 2021 · 3 years ago
  The reason Binance requires a passport instead of a driver's license is to comply with regulatory requirements. Many countries have strict regulations in place to prevent money laundering and other illegal activities in the cryptocurrency space. By requesting a passport, Binance can verify the identity of its users more effectively and reduce the risk of fraudulent activities. If you don't have a passport, you can try using other forms of government-issued identification, such as a national ID card or government-issued photo ID.
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• Dec 26, 2021 · 3 years ago
  As an expert in the field, I can tell you that Binance's requirement for a passport instead of a driver's license is a common practice in the cryptocurrency industry. This is because passports are considered a more secure and globally recognized form of identification. Binance wants to ensure that its users are who they claim to be and that their accounts are secure. If you're looking for alternatives, you can consider using other government-issued identification documents, such as a national ID card or government-issued photo ID.
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