Binance KYC Myths VS Truths Quiz Answers: Win $50 in BNB Token Voucher
Binance Myths VS Truths Quiz
Binance Myths VS Truths Quiz Answers: Answer the questions and win a share of $50 in BNB Token Vouchers.
Complete the Quiz and follow the instructions from the activity page to enter a challenge and win $50 in BNB!
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Campaign Period: 2021-09-07 03:00 AM to 2021-09-14 11:59 PM (UTC).
Binance KYC Myths VS Truths Quiz Answers:
Question 1: Know Your Customer (KYC) is part of a broader umbrella term commonly called anti-money laundering (AML)
Question 2: KYC was introduced to curb illicit activities and highlight suspicious behavior as early as possible.
Question 3: KYC is not mandatory for crypto exchanges to comply with regulatory laws.
Question 4: Without KYC verification, a crypto exchange may be held liable for inadequate due diligence if a user commits a crime on the platform.
Question 5: Binance users who complete KYC can enjoy a tier upgrade with lower fees and higher withdrawal limits.
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