When you create your first order on Binance Lite Australia, you will be prompted to complete a one-off ID verification process.
Each user will only need to complete this once. For subsequent return purchases, this step will be skipped automatically.
This process can be completed in a matter of minutes. Here is a step-by-step tutorial on how to verify your ID on Binance Lite Australia.
Step 1. Click 'Verify with Digital ID'
To begin, click the 'Verify with Digital ID' button. You will be redirected to AusPost Digital ID's pop-up page.
Verify ID Page
Step 2. Start Your Verification
Once you are on Digital ID's page, click 'Start Verification' to begin.
Digital ID's Pop-Up Page
Step 3. Choose Your ID
Click and choose your relevant type of ID document from the list.
Choose an ID Document
Step 4. Enter Your Details
Fill in the details of your chosen ID document. Please ensure that the information you entered is exactly as per shown on your ID document, then click 'Next'.
Enter Your Details
Step 5. Enter Your Address
Fill in the address forms with your latest residential address. If you are unsure, use the address stated on your most recent phone bill, utility/gas bill, or bank statement.
Enter Your Address
Step 6. Confirm Your Details
After confirming that your details are correct, click on the checkbox and press 'Submit'.
Confirm Your Details
Step 7. Finishing Up
When your ID is verified, click 'Allow' to complete the process. You will be redirected back to your order summary page at binancelite.com.
Once on the order summary page, you will receive an order QR code and instructions to complete the payment. Click here to learn how to complete the payment.
Completing the ID Verification
ID Successfully Verified
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Frequently Asked Questions
Why is the identity verification step necessary?
As part of a new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulation implemented from April 3, 2018, all customers purchasing digital currencies in Australia are required to complete a one-time identify verification with their digital currency provider. The purpose of the verification procedure is to prevent our service from being used for money laundering or terrorist financing activities.
What information is required to verify myself?
You will need to submit up to 1—2 government issued ID document numbers (Passport, Driver’s Licence, or Medicare card), as well as your residential address. Your information will only be used for verification purposes and is only shared with our identity verification providers.
My identity verification failed, what should I do?
In most cases, just try again! This time, ensure the name and residential address you have entered matches exactly that of your government ID and records. However, there are strict regulatory restrictions in Australia that might render certain individuals unable to complete their KYC verification. This includes individuals listed on Politically Exposed Persons (PEP) and Counter Terrorism Financing (CTF) sanction list. Alternatively, you can contact us at customer support and our friendly team members will do their best to help.