10 mistakes to avoid on Binance to prevent account restrictions or banned.
1. Insufficient KYC Verification: Not completing Know Your Customer (KYC) verification can limit account functionality.
2. Using VPNs or Proxies: Binance may flag accounts using VPNs or proxies, potentially leading to restrictions.
3. Multiple Accounts: Creating multiple accounts without proper authorization can lead to account bans.
4. Trading Below Minimum Limits: Failing to meet minimum trade requirements may result in account restrictions.
5. Withdrawals Exceeding Limits: Exceeding withdrawal limits without proper authorization can trigger account restrictions.
6. Suspicious Activity: Engaging in suspicious trading activity, such as market manipulation or wash trading, can lead to account bans.
7. *gnoring Terms of Service: Failing to comply with Binance's terms of service can result in account restrictions or bans.
8. Using Unauthorized APIs: Using unauthorized API keys or misusing API functionality can lead to account restrictions.
9. Inaccurate Information: Providing inaccurate or false information during registration or verification can lead to account restrictions.
10. Non-Compliance with Regulatory Requirements: Failing to comply with regulatory requirements, such as AML/KYC regulations, can result in account bans.
To ensure a smooth experience on Binance, it's essential to:
- Familiarize yourself with Binance's terms of service and policies
- Comply with regulatory requirements
- Use strong security measures, such as 2FA
- Monitor account activity regularly
