A newly registered Binance account that hasn’t completed Verified-level identity verification can’t take deposits or place trades. Older accounts opened before 20 August 2021 that never verified have been switched to withdrawal-only: they can withdraw, cancel orders, close positions and redeem, and nothing else. Either way, completing the Verified level is what makes the account fully usable.
Can a new Binance account deposit without verification?
A Binance account registered with just an email address or a phone number gets neither deposits nor trading until it completes Verified-level identity verification. Explaining why verification is needed, the help page How to Complete Identity Verification for a Personal Account says:
All new users are required to complete [Verified] to access Binance products and service offerings, including cryptocurrency deposits and trades.
Such an account can't deposit, buy or sell.
That gate went up in 2021. On 20 August that year, Binance published an announcement on identity verification stating that, with immediate effect, all new users had to complete Verified-level verification before using any of the platform’s products and services, including crypto deposits and trading. The announcement put this down to changing compliance requirements around the world; where the help centre explains what verification is for, it lists protecting accounts against fraud, corruption, money laundering and terrorist financing. The requirement gates the whole account, not individual features.
Going by that timeline, any account registered after 20 August 2021 that still hasn’t verified falls under the new-user rule: deposits and trading have been closed to it from the day it was opened.
Why an old unverified Binance account is withdrawal-only
People who opened an account before 20 August 2021 and didn’t complete Verified-level verification at the time were handled differently. The same announcement said these existing users’ accounts would be temporarily switched to a withdrawal-only mode, in which they could only withdraw, cancel orders, redeem and close positions. The change was rolled out in batches from the date of the announcement, with the last batch set for 08:00 on 19 October 2021 (UTC+8), and users were notified in batches as well.
On 9 October 2024, a note was added to the end of the announcement: all users, new and existing, must complete Verified-level verification to use Binance’s products and services. The verification page in the help centre still treats old accounts the same way today. Existing users who haven’t completed the Verified level have their account permissions temporarily switched to Withdrawal Only, which supports only withdrawals, cancelling orders, closing positions and redemptions.
All four are ways of winding things down: coins on the account can be withdrawn, open orders cancelled, positions closed and subscribed products redeemed. None of them lets you deposit or place a new order.
Both the announcement and the help centre describe the restriction as temporary, and the announcement states that services can be restored once Verified-level verification is complete. To get an old account back to normal, you only need to complete that one verification. If you did some level of verification years ago and aren’t sure whether it counts, log in and open the [Identification] page: it shows the account’s current verification level.
Binance has used the withdrawal-only state in another context too. A help centre note for users in the European Economic Area (updated March 2026) says that existing users there are being asked to verify again under the EU’s new anti-money-laundering directive, and that accounts which don’t finish before the deadline in the notification email are likewise restricted to Withdrawal Only.
As for which features a new account can open once you log in, go by what the app shows at the time: anything that sends you to verification first only works after you’re verified.
Where to see your trading and withdrawal limits after verifying
Finishing verification doesn’t unlock everything at once. The verification level shown on the [Identification] page sets the account’s trading limits, and raising them means completing the matching level of verification. The help centre also notes that, depending on your region or the payment channel you use, you may need to pass a higher level. The latest withdrawal limits are on the same page. What each level unlocks and which extra documents it needs are set out in a table in Binance Verification Levels and What Each One Allows.
What to watch if you leave a Binance account unverified for now
If you’ve opened an account and plan to submit your ID later, don’t move any coins into it in the meantime, whether you withdraw them from another platform yourself or ask someone to send them first. Deposits come after verification; that is exactly what the rule quoted at the top is about.
Don’t get verified with someone else’s ID or take over an account someone else has already verified: both run against a note on the help centre’s verification page: “You cannot transfer your account to another person or substitute another person’s ID for your ID.” The account belongs to whoever’s ID it was verified with. If someone in your family is thinking of opening an account for a child on an adult’s ID, Why You Can’t Open a Binance Account Before 18 goes through the terms clause by clause.
When you do come to verify, the screen that matters most is the one where you confirm your personal details. It asks you to “make sure that all the information entered is consistent with your ID documents”, and warns: “You won’t be able to change it once confirmed.” Before you press [Continue], check fields such as the spelling of your name and your date of birth against your document, character by character. Which fields fall into this group, and what options are left if one is wrong, is covered in The Binance Fields You Can’t Change Yourself; for the order in which to gather your ID and proof of address, What to Prepare Before You Open a Binance Account lays out a timeline.
Where to start identity verification on the Binance website and app
The website and the app each have two ways into verification, and the table below also shows where to check your current level. For what each screen asks for once you’re in, and which step can’t be undone after you confirm it, Binance Identity Verification: The Failure-Proof Path goes through it screen by screen.
| What you’re looking for | Website | App |
|---|---|---|
| Where to start verification | After logging in, hover over your profile icon, click [Account], go to [Identification] and click [Get Verified]; the [Verify] or [Get verified] button on the homepage banner also takes you straight there | Tap the account centre icon, then tap [Unverified]; or start verification from the prompt on the home screen |
| Your current verification level | Log in and open the [Identification] page: it shows your account’s current verification level, and the trading limits and latest withdrawal limits are on the same page | |
If you can’t find [Identification] in the [Account] menu on the website, go in from the homepage banner. If the upload step has no manual upload option, that’s because whether it’s offered depends on your country or region; scan the QR code and take the photos on your phone instead.
If face verification keeps failing, go through these first: is camera permission on, are your hat and glasses off, are filters off, and is there enough light? In the app, also keep your face in the centre of the frame with both eyes open. If all of that checks out and it still won’t pass, Binance Face Verification Failed? Fix the Liveness Check explains what the system is actually looking at.
Binance’s help centre says submitted documents are usually reviewed within 48 hours, though some cases can take longer. While you wait, don’t refresh the browser on the website, and in the app don’t refresh the page or close the app. How reviews are split between automated checks and manual review is covered in How Long Does Binance Verification Take? If your submission comes back rejected, Binance Verification Failed: 12 Reasons and Fixes sorts the common rejection reasons into groups and shows what to fix for each.