📌 First: What does KYC mean?

KYC stands for 'Know Your Customer,' and it is a procedure required by any financial or banking platform to verify the identity of the individuals using its services. The idea is simple: platforms want to know who they are dealing with and why.

Why is KYC important in Saudi Arabia? 🇸🇦

In Saudi Arabia, there is a strong commitment to combating financial crimes such as:

  • Money laundering 💸

  • Financing terrorism 💣

  • Financial fraud 🕵️‍♂️

That’s why digital platforms need to follow the instructions of regulatory bodies like the Saudi Central Bank and the Capital Market Authority, and require all users to complete KYC.

This ensures that all transactions on the platform are transparent and secure.

So, why does the Saudi investor need to complete KYC? 🧾

🛡️ 1. Security first

When you complete KYC, you ensure that your account is protected from:

  • Illegal use.

  • Fraud or identity theft.

  • Unauthorized access.

📈 2. Easy access to benefits

Through KYC, you can:

  • Increase deposit and withdrawal limits.

  • Access advanced trading features.

  • Withdraw your profits without issues.

📊 3. Your commitment protects you

As an investor in Saudi Arabia, by complying with KYC, you prove that you are a serious person committed to the laws, which facilitates any future transactions whether with the platform or even with banks.

Steps to complete KYC on the Binance platform in Saudi Arabia 📲🇸🇦

🪜 Step by step:

1. Open a new account

  • Go to the Binance website or download the app.

  • Select 'Register' and sign up with your email or mobile number.

  • Create a strong password.

2. Access the verification page

  • After logging in, go to the account menu.

  • Click on 'Verification' or 'Identity Verification'.

3. Enter the data

  • Write your full name, date of birth, and nationality.

  • Select the country of residence 'Saudi Arabia'.

4. Upload documents

  • Upload a copy of your ID card or passport.

  • Make sure the picture is clear and all data is readable.

5. Face verification (Selfie)

  • The platform will request a selfie or a short video.

  • Follow the instructions and ensure good lighting.

6. Wait for the review

  • Verification usually takes hours or at most a day.

  • You will receive a notification when your request is accepted.

Important notes 📝

  • Use your real data as it appears in the documents.

  • If a problem occurs, contact Binance support.

  • All information is stored securely, and the platform is committed to privacy policies.

In summary 🧠✨

The KYC process is not a complicated step, but it is very important to protect yourself and your money. In an environment like the cryptocurrency market, security and transparency are more important than anything else.

Once you complete KYC, you will be able to trade knowing that you are compliant with the regulations and participating in a respectable and secure financial environment 👌