Binance Error: KYC Level Must Equal 2: A Comprehensive Guide to Fixing This Issue

When attempting to use the Binance cryptocurrency exchange, users may encounter the error message "KYC Level Must Equal 2." This error indicates that the user's Know Your Customer (KYC) level is not sufficient to perform the desired action. KYC is a regulatory requirement that helps exchanges verify the identity of their users and prevent financial crimes.

Understanding KYC Levels on Binance

Binance has three KYC levels:

1. Basic Verification: Requires only basic personal information and a government-issued ID.
2. Intermediate Verification (KYC Level 2): Requires additional information such as address proof and a selfie.
3. Advanced Verification: Requires additional documentation and a video call.

How to Fix "KYC Level Must Equal 2" Error

To resolve the "KYC Level Must Equal 2" error, users must complete Intermediate Verification (KYC Level 2). Here are the steps:

1. Log in to your Binance account.
2. Click on "Account" in the top right corner.
3. Select "Verification" from the left-hand menu.
4. Click on "Intermediate Verification".
5. Provide the required information and documents.
6. Click on "Submit".

Binance typically reviews KYC documents within 24 hours. Once your KYC Level 2 verification is approved, you should be able to perform the desired action that previously triggered the error.

Additional Information

KYC Level Requirements for Different Activities

• Crypto Trading: KYC Level 2 required
• Fiat Depo/Withdrawal: KYC Level 2 required
• P2P Trading: KYC Level 2 required
• Margin Trading: Advanced Verification required

Common Mistakes to Avoid

• Ensure that all documents provided are clear and legible.
• Provide accurate and complete information.
• Avoid using photoshopped or altered documents.
• Make sure your selfie matches the photo on your ID.

Tips and Tricks

• Use a high-quality camera to capture your selfie.
• Remove any background noise when taking your selfie.
• Upload your documents in PNG or JPG format.

Humorous Stories

Story 1:

One user tried to withdraw funds from Binance but kept getting the "KYC Level Must Equal 2" error. Frustrated, they called Binance support. The support agent asked the user to provide a selfie, but the user accidentally sent a photo of their cat. The agent responded with a laugh and said, "Your cat is not eligible for KYC verification."

Story 2:

Another user was rushing to complete KYC Level 2 before a trading deadline. In their haste, they uploaded a photo of their driver's license with their face obscured by a coffee mug. Binance rejected the photo and sent the user an email asking, "Are you trying to pull a Banksy on us?"

Story 3:

A user was having trouble uploading their address proof document. They tried scanning it with their phone, but the resolution was too low. Resorting to humor, they took a photo of themselves holding the document next to their pet goldfish. Surprisingly, Binance approved the photo, saying that the goldfish's "unique facial expression" provided sufficient proof of residence.

Useful Tables

| Tips for Successful KYC |
|---|---|
| Use a high-quality camera | Remove background noise |
| Upload high-resolution documents | Avoid photoshopping or alterations |
| Be patient | Reviews can take up to 24 hours |

Conclusion

The "KYC Level Must Equal 2" error on Binance is a common issue that can be resolved by completing Intermediate Verification (KYC Level 2). By providing accurate and complete information, avoiding common mistakes, and following the tips provided in this guide, users can successfully complete KYC Level 2 and access the full range of Binance services.

Call to Action

If you are experiencing the "KYC Level Must Equal 2" error on Binance, follow the steps outlined in this guide to resolve the issue. Remember to耐心 and provide accurate information to ensure a smooth KYC verification process.