<\/span><\/h4>\n\n\n\nThree levels of verification are accessible on Binance.com, and these levels of verification are for withdrawal caps. <\/p>\n\n\n\n
The first level has a 24-hour withdrawal cap of 2 BTC, the second level permits withdrawals of up to 100 BTC, and level 3 would has a greater cap of 100 BTC (precise value is unknown). <\/p>\n\n\n\n
How do we level up an account to raise the withdrawal thresholds available?<\/p>\n\n\n\n
The security SMS Authentication\/Google Authentication feature needs to be enabled in order to go from the default level (LVL 1) to Level 2. Which, in our opinion, is fantastic since this represents a significant boost in the account limit.<\/p>\n\n\n\n
The account had to be upgraded to level 2 when this was switched on and further verification documents had to be submitted. <\/p>\n\n\n\n
You must submit your name, birthdate, address, and supporting documentation, such as a passport, driver\u2019s license, or ID card that was issued by the government. <\/p>\n\n\n\n
In order for the system to compare the photo on your ID with the photo you uploaded, you must also upload a photo of yourself. <\/p>\n\n\n\n
To make the process easier, make sure your face is clearly visible in the photo. You must scan a QR code that appears on the screen to complete the verification so that the phone number can be associated with your verified account.<\/p>\n\n\n\n
<\/span>Create an Account on Binanc<\/strong>e<\/strong><\/span><\/h4>\n\n\n\nSimply visit Binance.com\u2019s website and select \u201cregister\u201d to set up an account. On the homepage, this is in the upper right corner. <\/p>\n\n\n\n
Your active email address, your password (for the Binance account), and any referral IDs you may have will be requested on a different page. <\/p>\n\n\n\n
After providing all the necessary information, read the terms of use and click Register. Click the confirmation link delivered to the provided email to finish the registration process.<\/p>\n\n\n\n
The user will be prompted to enable two-factor authentication once they have signed into their account for the first time. <\/p>\n\n\n\n
The fact that you are not immediately thrown into the live trading board when you sign into your account for the first time\u2014that is, you are not immediately thrown to the sharks\u2014is something we found to be really impressive. <\/p>\n\n\n\n
Instead, you are directed to the security tab, where everything needs to be taken care of before you can begin trading.<\/p>\n\n\n\n
<\/span>Quidax Verification & Opening Account<\/strong><\/strong><\/span><\/h3>\n\n\n\nQuidax, a local exchange, has managed to bring home a cutting-edge cryptocurrency exchange facility that is unavailable to African Users.<\/p>\n\n\n\n
The site has a nice layout and is simple to use.<\/p>\n\n\n\n
Almost all platform activity is automated, including registration, opening of accounts, deposits, and withdrawals, so you almost never need to get in touch with customer service.<\/p>\n\n\n\n
<\/span>Verification with Quidax<\/strong><\/span><\/h4>\n\n\n\nQuidax has introduced a new verification system for Nigerians. There are 4 Levels\/Tiers in the new account verification process. Users from various tiers can carry out the same task. The deposit and withdrawal restrictions vary between the 4 Levels.<\/p>\n\n\n\n
An overview of the various levels is provided below:<\/p>\n\n\n\n
The Tier with no name<\/strong><\/h5>\n\n\n\nAll new users will start out on Tier 0, which, while not technically a tier, does mean that Quidaxians at this level can buy, sell, receive, and store cryptocurrencies with a maximum Naira deposit limit of NGN 20,000.00. <\/p>\n\n\n\n
However, they won\u2019t be able to transmit or receive cryptocurrency or withdraw naira. Your ability to deposit Naira grows as you move up to Tier 1.<\/p>\n\n\n\n
Tier 1: Verified Basic Information<\/strong><\/h5>\n\n\n\nAlthough you won\u2019t be able to withdraw Naira or send Bitcoin at this level, you will be able to enjoy a greater Naira deposit limit of NGN 100,000.00. You will nevertheless be able to acquire, exchange, receive, and store cryptocurrency.<\/p>\n\n\n\n
To get to Tier 1, you must provide your date of birth, address, city, zip code, and country.<\/p>\n\n\n\n
Tier 2: Verification of BVN<\/strong><\/h5>\n\n\n\nBased on the deposit\/withdrawal limitations and restrictions, Tier 1 may not be the best option for you. In that case, Tier 2 should work. You have access to the following limits after completing Tier 2 Account Verification:<\/p>\n\n\n\n
\n- Daily Deposit and Withdrawal Limit: NGN 200,000.00<\/li>\n\n\n\n
- Weekly Deposit and Withdrawal Limit: NGN 1,400,000.00<\/li>\n\n\n\n
- Monthly Deposit and Withdrawal Limit: NGN 5,000,000.00<\/li>\n\n\n\n
- Daily Bitcoin withdrawal limit: 1 BTC (or its equivalent for other cryptocurrencies)<\/li>\n\n\n\n
- Weekly Bitcoin withdrawal limit: 5 BTC (or its equivalent for other cryptocurrencies)<\/li>\n\n\n\n
- Monthly Bitcoin withdrawal limit: 10 BTC (or its equivalent in other cryptocurrencies)<\/li>\n<\/ul>\n\n\n\n
You must provide your Bank Verification Number (BVN) and the related date of birth in order to upgrade to this level. <\/p>\n\n\n\n
Your BVN information is safe for them to share because it is all securely encrypted and won\u2019t be disclosed to a third party.<\/p>\n\n\n\n
Tier 3: Verified ID Document<\/strong><\/h5>\n\n\n\nThey\u2019re aware that the Level 2 limits might not be sufficient for you, which is why Tier 3 was developed with a limit that is more than twice as high:<\/p>\n\n\n\n
\n- Daily Deposit and Withdrawal Limit: NGN 500,000.00<\/li>\n\n\n\n
- Weekly Deposit and Withdrawal Limit: NGN 3,500,000.00<\/li>\n\n\n\n
- Monthly Deposit and Withdrawal Limit: NGN 10,000,000.00<\/li>\n\n\n\n
- Daily Bitcoin withdrawal limit: 2 BTC (or its equivalent for other cryptocurrencies)<\/li>\n\n\n\n
- Weekly Bitcoin withdrawal limit: 10 BTC (or its equivalent for other cryptocurrencies)<\/li>\n\n\n\n
- Monthly Bitcoin withdrawal limit: 20 BTC (or its equivalent for other cryptocurrencies)<\/li>\n<\/ul>\n\n\n\n
You must provide a government-issued identity card, a photo of yourself holding a piece of paper with the words \u201cQuidax\u201d printed on it, and the current date in order to reach Tier 3.<\/p>\n\n\n\n
These are the government-issued identification cards that are recognized:<\/p>\n\n\n\n
\n- Driver\u2019s License<\/li>\n\n\n\n
- National Identity Card<\/li>\n\n\n\n
- Permanent Voters Card<\/li>\n\n\n\n
- International Passport<\/li>\n\n\n\n
- Residence Permit<\/li>\n<\/ul>\n\n\n\n
Tier 4: Proof of Address Verified<\/strong><\/h5>\n\n\n\nNow Tier 4, the last but most certainly not least level, pushes your boundaries to the absolute maximum with:<\/p>\n\n\n\n
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