Some people are still able to trade p2p on Binance using new unverified accounts
I found this out recently while trading p2p on Binance. Some accounts were barely 20 days old, Non verified and were able to make buy orders. What is surprising is that at the time I wanted to use their P2P last year, one of the prerequisites was to have the account first undergo KYC verification
Quote
Before you can make your first transaction on Binance P2P, you must register on Binance and complete your Identity Verification process. Our P2P merchants undergo a screening process where we also verify their identity and business. By verifying all Binance P2P users, we are able to provide a layer of security for your transactions.[/quote]
But that's not the case. In fact, most of such accounts are owned by scammers
Here is an example. The account is labeled as regular user and the KYC tick is grayed out, meaning it's not verified.
How is this possible?
Is Binance selectively enforcing KYC verification on some users just to play cat and mouse game with regulators?
But that's not the case. In fact, most of such accounts are owned by scammers
Here is an example. The account is labeled as regular user and the KYC tick is grayed out, meaning it's not verified.
How is this possible?
Is Binance selectively enforcing KYC verification on some users just to play cat and mouse game with regulators?