Let's get straight to it: Binance Advanced KYC is an enhanced due-diligence tier built on top of Basic KYC, mainly used to raise your fiat deposit limit and your maximum margin for futures/options. The Basic KYC limit (8,000,000 USDT/day for withdrawals) is already more than enough for 99% of retail users, so there's usually no need to chase Advanced KYC. Before you start, confirm your current KYC tier on the Binance Official Site; in the app, open the Official Binance App to find the upgrade entry point; if you're on iPhone and can't install it, see the iOS installation guide.
Binance's KYC system unlocks different permissions at each tier. It was originally split into Lv1 / Lv2 / Lv3, but has since been simplified into three tiers: "Unverified / Verified / Advanced". Below we walk through exactly what Advanced KYC involves, how to apply, and whether it's actually worth doing.
Advanced KYC (formerly known as Enhanced Due Diligence, or EDD) is part of the international anti-money-laundering (AML) compliance framework — an extra layer of identity verification applied to high-volume or high-frequency users.
| Item | Basic KYC | Advanced KYC |
|---|---|---|
| Required documents | ID + facial scan + address | The above, plus proof of address and source of funds |
| Additional questionnaire | None | Yes (funds-profile questionnaire) |
| Review time | 5 minutes to 72 hours | 1-4 weeks |
| Withdrawal limit | 8,000,000 USDT/day | 8,000,000 USDT/day (no change) |
| Fiat deposit limit | 50,000 USDT equivalent/day | 2,000,000 USDT equivalent/day |
| Max futures margin | Lower | Higher |
| OTC block trading | Not available | Available |
| Support tier | Standard | VIP priority possible |
There's a common misconception worth clearing up: Advanced KYC does not meaningfully raise your on-chain withdrawal limit — 8,000,000 USDT/day is already the ceiling for nearly everyone. The real difference lies in your fiat deposit limit and access to the OTC desk.
| User type | Needed? | Notes |
|---|---|---|
| Ordinary retail user (holdings < 1,000,000) | No | Basic KYC is sufficient |
| Moderate trader (futures margin < 1,000,000) | No | Basic KYC is sufficient |
| Users in regions with limited fiat access | Not recommended | Fiat channels are limited, so it provides little benefit |
| Long-term holders with no active trading | No | No large-value operations to support |
| Users wanting 100x leverage on futures | No | Leverage tier has nothing to do with KYC level |
| Category | Specific document | Notes |
|---|---|---|
| Proof of address | Utility bill / bank statement / government document | Issued within 3 months |
| Proof of source of funds | Payslip / bank statement / investment records | Within 6 months |
| Proof of employment | Employment letter or business license | Must be officially stamped |
| Funds-profile questionnaire | Filled out online | Covers investment experience and risk tolerance |
| Selfie | Holding your ID with the current date visible | Sometimes required |
This is the hardest requirement to prepare for Advanced KYC. Acceptable documents include:
Document requirements:
Only accounts that have already completed Basic KYC can apply. Account Center → Identity Verification → the "Upgrade to Advanced" button. If the button is greyed out, your account isn't currently eligible for the upgrade (some regions are restricted).
Answer the following questions online:
Answer honestly — the questionnaire will be cross-checked against the supporting documents you submit later.
Upload a utility bill or bank statement following the same requirements described earlier.
Upload the document matching the funds source you selected. For example, if you selected "salary", upload a 6-month payroll statement PDF.
Employed staff: a stamped employment letter from HR (English or your local language is fine). Business owners: business license plus proof you are a legal representative or shareholder. Freelancers: business contracts plus incoming payment records.
Once submitted, your application goes to the Compliance team for manual review, which takes 1 to 4 weeks. Reviewers may request additional documents, so keep an eye on your inbox.
| Reason | Share | Fix |
|---|---|---|
| Insufficient proof of source of funds | 40% | Submit more months of statements |
| Employment proof not official | 20% | Get a re-stamped official document |
| Questionnaire inconsistent with documents | 15% | Revise the questionnaire and resubmit |
| Proof of address expired | 15% | Use the most recent month's document |
| Documents blurry | 10% | Re-photograph and re-upload |
If the answer to all three is no, Basic KYC is entirely sufficient — don't bother.
Institutional accounts go through a separate "Binance Business" process, which requires more documentation:
| Document | Notes |
|---|---|
| Business license | Local language or English version |
| Articles of incorporation | Full text |
| Board resolution | Authorizing the opening of a crypto account |
| ID of beneficial owners | Anyone holding more than 25% ownership |
| Business description | Nature of the company's business and its crypto use case |
| Proof of company registration | Registration certificate |
Institutional KYC review takes 2 to 8 weeks and is only worthwhile for users who genuinely need enterprise-level services.
| Item | Unverified | Verified (Basic) | Advanced |
|---|---|---|---|
| Spot trading | Not available | Available | Available |
| P2P | Not available | Available | Available |
| Daily fiat deposit limit | 0 | 50,000 USDT | 2,000,000 USDT |
| Daily withdrawal limit | 0 | 8,000,000 USDT | 8,000,000 USDT |
| Max futures margin | 0 | Higher | Highest |
| OTC block trading | Not available | Not available | Available |
| VIP support | No | No | Available on request |
| Application time | 0 | 5 minutes to 72 hours | 1-4 weeks |
Q: Is Advanced KYC approval guaranteed? A: No. Insufficient documentation will get your application rejected. You can supplement and resubmit after a rejection with no limit on attempts.
Q: Can I downgrade back to Basic after being approved for Advanced? A: You can't actively downgrade, but you can simply choose not to use the Advanced-tier features, which effectively has the same result.
Q: How long is Advanced KYC data retained? A: Depending on regional regulatory requirements, typically 5 to 7 years. Even if you close your account, the data remains in compliance archives.
Q: Is the Basic KYC withdrawal limit of 8,000,000/day enough? A: Absolutely enough for 99.9% of individual users. Anyone able to withdraw 8,000,000 USDT in a single day is already operating at an institutional scale.
Q: Can I keep trading normally while my Advanced KYC upgrade is under review? A: Yes. All Basic KYC functionality remains available throughout the review period.
Q: Will a rejected Advanced KYC application affect my Basic KYC status? A: No. Once Basic KYC has been approved, it's unaffected by the outcome of an Advanced application.
Binance's Advanced KYC is built for large accounts and institutions — retail users are fine with Basic KYC. If you don't fall into that 1% of use cases, you're better off spending your time learning to trade than fussing over a KYC upgrade. Our KYC Verification category has a complete comparison and walkthrough of every KYC tier.