How to Complete Entity Verification for Corporate Accounts

 Trading FAQs    |      2018-09-10

How to Complete Entity Verification for Corporate Accounts

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Binance requires corporate account users to complete Entity Verification to access Binance products and service offerings, including cryptocurrency deposits, trades, and withdrawals. Follow the step-by-step guide below to see how to complete Entity Verification.
Identity Verification or Know Your Customer (KYC) standards are designed to protect your account against fraud, corruption, money laundering, and terrorist financing.
All new users are required to complete [Verified] to access Binance products and service offerings, including cryptocurrency deposits, trades, and withdrawals.
Existing users who haven’t completed [Verified] verification will have their account permissions temporarily changed to “Withdraw Only,” with services limited to fund withdrawal, order cancelation, position close, and redemption.
Based on your region or selected payment channels, you may need to enhance your Identity Verification level to improve your account security. For more details, please refer to Why Do I Need to Complete Identity Verification.

How to complete Entity Verification? A step-by-step guide

1. Register a Binance account or log in to your existing Binance account.
A. If you do not have a Binance account:
i) Click [Sign up for an entity account] on the Binance homepage.
ii) You can use your email or phone number to register. Select [Email] or [Phone Number] and enter your details. Then, create a secure password.
Note:
  • Your password must contain at least 8 characters, including one uppercase letter and one number.
  • If you’ve been referred to register on Binance by a friend, make sure to fill in their Referral ID (optional).
Read and agree to the Terms of Service and Privacy Policy, then click [Create Account].
iii) You will receive a 6-digit verification code in your email or phone. Enter the code within 30 minutes and click [Submit].
iv) You have successfully created an entity account. You will be automatically prompted to enable two-factor authentication (2FA). Choose [Phone Number Verification] or [Binance/Google Authenticator]. We do not recommend using SMS for 2FA as mobile numbers can be spoofed by hackers easily.
v) After enabling 2FA, click [Verify Now] to start the Entity Verification.
B. If you have an existing unverified Binance account
i) Click [Log In] on the Binance homepage.
ii) Go to [Profile] and click [Verify Now] under [Complete Enterprise Verification].
Please note that if your email has already been linked to a Personal Account, it cannot be upgraded to an Entity Account. Please make sure that you submit the Entity Verification with an unverified account.
2. Click [Verify] to start.
Please select the entity type and country carefully. If you need to change to another country/region of registration or entity type during the verification process, you will be required to start from the beginning.
2.1 You will see a list of the required documents. Please prepare them before you start the Entity Verification process. The required documents vary depending on the country/region of registration and the entity type you select.
You can refer to the Frequently Asked Questions below for more details on the documents required.
2.2 Fill in your basic information and click [Next]. You can also click [Save As Draft] anytime during the verification process.
2.3 Upload the required corporate documents and click [Next].
2.4 Confirm and fill in your Fiat Enablement information, then click [Next].


2.5 Enter the information of the related parties and upload the required documents, including the personal information of the Director(s), the Ultimate Beneficial Owner(s), and the Authorized Account Trader(s).

Please note:
  • For Identification Document (ID), please upload a valid passport or ID card to prove the person’s nationality (driver’s license is not accepted);
  • Please upload the selfie of the main trader in full color. Do not use a screenshot, photocopy, or photoshopped/filtered image.
  • Supported file formats include jpeg, jpg, pdf, and png.
Choose the main trader to perform the Facial Verification in the next step. Click [Confirm].
Open your Binance App to scan the QR code and complete the facial verification on your phone. Alternatively, click the screen icon on the bottom right to complete the verification on your computer.
Please do not wear hats or glasses, and do not use filters. All photos must be taken under sufficient lighting.
After that, click [I have completed this on my phone].
2.6 Read and agree to the declaration. Check the box next to [I/we understand and agree to the declaration] and click [Submit].
3. Your application has been successfully submitted. You will be notified once the review is complete.

Frequently Asked Questions

1. What documents are required for the Entity Verification?
  • Certificate of Incorporation
  • Memorandum & Articles of Association/Constitution/By-Laws
  • Register of Directors/Certificate of Incumbency/Business Registry or equivalent
This should be issued within the last 12 months and includes the information of current directors.
  • Register of Members (Shareholders)/Certificate of Incumbency/Business Registry or equivalent
This should be issued within the last 12 months and includes the information of current shareholders.
  • Sanctions questionnaire
Upload a completed copy of this sample.
  • Letter of Authorization
1) The authorized trader(s) should be consistent with the person(s) in the Trader section.
2) For Binance Pay merchants/partners - Please provide a resolution of the Board of Directors authorizing the list of person(s) to act on behalf of the company.
Upload a completed copy of this sample.
  • Current operating status
Upload one of the below documents (issued within the last 3 months) for the current operating status:
1) A complete screenshot from the government website which contains the current company details and the date of obtaining the information. Please make sure to include the system clock and date.
2) Certificate of Incumbency;
3) Certificate of Good Standing.
  • Intermediaries (at least 25% or more, if any)
    1) Certificate of Incumbency/Register of Shareholders (Members)/Business Registry or equivalent (with the Beneficial Owner’s information);
2) Certificate of Good Standing/Certificate of Incumbency/Business Registry or equivalent (with the current operating status);
3) Certificate of Incorporation;
4) Memorandum & Articles of Association / Constitution / By-Laws.
  • AML/CFT Policy or Binance AML Questionnaire (if applicable)
Upload a completed copy of this sample.
  • Operating License (if applicable)
  • Proof of Address Collection of the Entity
Upload one of the following documents issued in the last 90 days:
Utility bill (electricity, gas, water/sewage, fibre /broadband services), Bank statement, Government-issued document.
  • Company website (if the company does not have a website, please put "N/A")
  • Valid passports/National IDs of related parties
Valid passports / National IDs of all Directors, Ultimate Beneficial Owners (at least 25%), and all Traders.
  • Recent selfie of the main dealer/trader
Upload a recent selfie of the main dealer/trader that performs most of the trading. They will have to complete facial verification.
  • Proof of Address Collection for UBOs (at least 25%)
Upload one of the following documents issued in the last 90 days:
Utility bill (electricity, gas, water/sewage, fibre/broadband services), Bank statement, Government-issued document.
  • ASIC Document or CNPJ Document (if you choose AUD or BRL as the fiat currency)
  • Certificate of Incorporation
  • Partnership Agreement
  • Register of Partners/Certificate of Incumbency/Business Registry or equivalent
This should be issued within the last 12 months, and include the information of the current partners.
  • Sanctions questionnaire
Upload a completed copy of this sample.
  • Letter of Authorization
1) The authorized trader(s) should be consistent with the person(s) in the Trader section.
2) For Binance Pay merchants/partners - Provide a resolution of the Board of Directors authorizing the list of person(s) to act on behalf of the company.
Upload a completed copy of this sample.
  • Current operating status
Upload one of the below documents (issued within the last 3 months) for the current operating status:
1) A complete screenshot from the government website which contains the current company details. Please make sure to include the system clock and date.
2) Certificate of Incumbency;
3) Certificate of Good Standing.
  • Intermediaries (at least 25% or more, if any)
1) Certificate of Incumbency/Register of Shareholders (Members)/Business Registry or equivalent (with the Beneficial Owner’s information);
2) Certificate of Good Standing/Certificate of Incumbency/Business Registry or equivalent (with the current operating status);
3) Certificate of Incorporation;
4) Memorandum & Articles of Association/Constitution/By-Laws.
  • AML/CFT Policy or Binance AML Questionnaire (if applicable)
Upload a completed copy of this sample.
  • Operating License (if applicable)
  • Proof of Address Collection of the Entity
Upload one of the following documents issued in the last 90 days:
Utility bill (electricity, gas, water/sewage, fibre/broadband services), Bank statement, Government-issued document.
  • Company website (if the company does not have a website, please put "N/A")
  • Valid passports/National IDs of related parties
Valid passports/National IDs of all Directors/Officers/Managers (or equivalent), Partners (at least 25%), and all Traders.
  • Recent selfie of the main trader
Upload a recent selfie of the main dealer/trader that performs most of the trading. They will have to complete facial verification.
  • Proof of Address Collection for UBOs (at least 25%)
Upload one of the following documents issued in the last 90 days:
Utility bill (electricity, gas, water/sewage, fibre/broadband services), Bank statement, Government-issued document.
  • ASIC Document or CNPJ Document (if you choose AUD or BRL as fiat currency)
  • A registration document of the Trust
  • Trust Deed
  • Sanctions questionnaire
Upload a completed copy of this sample.
  • Letter of Authorization
1) The authorized trader(s) should be consistent with the person(s) in the Trader section.
2) For Binance Pay merchants/partners - Please provide a resolution of the Board of Directors authorizing the list of person(s) to act on behalf of the company.
Upload a completed copy of this sample.
  • Intermediaries (at least 25% or more, if any):
1) Certificate of Incumbency/Register of Shareholders (Members)/Business Registry or equivalent (with the Beneficial Owner’s information);
2) Certificate of Good Standing/Certificate of Incumbency/Business Registry or equivalent (with the current operating status);
3) Certificate of Incorporation;
4) Memorandum & Articles of Association/Constitution/By-Laws.
  • Corporate entity (if any) (e.g., Trustee / Beneficiary, etc.):
1) Certificate of Incorporation;
2) Memorandum & Articles of Association/Constitution/By-Laws；
3) Register of Members(Shareholders)/Certificate of Incumbency/Business Registry or equivalent (issued within the last 12 months for the information of the owners).
4) Certificate of Good Standing/Certificate of Incumbency/Business Registry or equivalent (issued within the last 3 months for the information of the current operating status).
  • AML/CFT Policy or Binance AML Questionnaire (if applicable)
Upload a completed copy of this sample.
  • Operating License (if applicable)
  • Proof of Address Collection of the Entity
Upload one of the following documents issued in the last 90 days:
Utility bill (electricity, gas, water/sewage, fibre/broadband services), Bank statement, Government-issued document.
  • Company website (if the company does not have a website, please put "N/A")
  • Valid passports/National IDs of related parties
Valid passports of all Trustee(s), Settlor(s), Appointor(s), Protector(s), Grantor(s), Beneficiaries, and all Traders.
  • Recent selfie of the main trader
Upload a recent selfie of the main dealer/trader that performs most of the trading. They will have to complete facial verification.
  • Proof of Address Collection for UBOs (at least 25%)
Upload one of the following documents issued in the last 90 days:
Utility bill (electricity, gas, water/sewage, fibre/broadband services), Bank statement, Government-issued document.
  • ASIC Document or CNPJ Document (if you choose AUD or BRL as fiat currency)
  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Investment Management Agreement or Investment Advisor Agreement
  • Register of Directors/Certificate of Incumbency/Business Registry or equivalent
This should be issued within the last 12 months, and include the information of current directors.
  • List of Investors
This should be issued within the last 12 months, and include the information of current shareholders.
  • Sanctions Questionnaire
Upload a completed copy of this sample.
  • Letter of Authorization
1) The authorized traders should be consistent with the person(s) in the Trader section.
2) For Binance Pay merchants/partners - Please provide a Resolution of the Board of Directors authorizing the list of person(s) authorized to act on behalf of the customer.
Upload a completed copy of this sample.
  • Current Operating Status
Upload one of the below documents (issued within the last 3 months) for the current operating status:
1) A complete screenshot from the government website which contains the current company details. Please make sure to include the system clock and date.
2) Certificate of Incumbency;
3) Certificate of Good Standing.
  • Intermediaries (at least 25% or more, if any)
1) Certificate of Incumbency/Register of Shareholders (Members)/Business Registry or equivalent (for the info of the owners);
2) Certificate of Good Standing/Certificate of Incumbency/Business Registry or equivalent (for the current operating status).
3) Certificate of Incorporation;
4) Memorandum & Articles of Association/Constitution/By-Laws.
  • Corporate entity (If any, e.g., Investment Management/Investment Manager, etc.)
1) Certificate of Incorporation;
2) Memorandum & Articles of Association/Constitution/By-Laws;
3) Register of Members (Shareholders)/Certificate of Incumbency/Business Registry or equivalent (issued within the last 12 months);
4) Proof of License /regulation.
  • Offering documents or any marketing material of the fund
Prospectus, Fund factsheet, Private Placement Memorandum, Offering Document
etc.
  • Fund reps and Warranties Letter (if applicable)
From the entity responsible for conducting due diligence.
  • AML/CFT Policy or Binance AML Questionnaire
Upload a completed copy of this sample.
  • Operating License (if applicable)
  • Outsourcing/Service Agreement (if applicable)
  • Proof of Address Collection of the Entity
Upload one of the following documents issued in the last 90 days:
Utility bill (electricity, gas, water/sewage, fibre/broadband services), Bank statement, Government-issued document.
  • Company Website (if applicable)
  • Valid Passports/National IDs of Related Parties
Valid Passports of all Director(s) and UBO(s)(at least 25%) of Investment Manager, Investment Advisor(s) andTrader(s)
  • Recent selfie of the main trader
Upload a recent selfie of the main dealer/trader that performs most of the trading. They will have to complete facial verification.
  • Proof of Address Collection for UBOs (at least 25%)
Upload one of the following documents issued in the last 90 days:
Utility bill (electricity, gas, water/sewage, fibre/broadband services), Bank statement, Government-issued document.
  • ASIC Document or CNPJ Document (if you choose AUD or BRL as fiat currency)
2. Why was my application rejected?
Please click the [Edit Information] button to view the relevant rejection reason(s). If your application was rejected, please submit your application again, taking into consideration the rejection reason(s). We will prioritize the review of your new application within seven business days.
3. Do I need to submit all documents in English?
Currently, we support Bulgarian, Russian, French, Portuguese, Polish, Slovenian, Italian, Hungarian, Swedish, Dutch, Spanish, Ukrainian, Romanian, Turkish, Greek, Estonian, Latvian, and Korean alongside English. If the corporate documents are in other languages. Please provide a translated English version along with the original documents.
4. I submitted the application a while ago. Why haven’t I received any feedback?
You can check the status of your entity application from [Identification]. Please check your email as we may contact you for additional documents.
5. Can I apply for a second Entity Account?
Each company can only apply for one Entity Account. We provide a sub-account feature for Entity Accounts. Once your verification is approved, you will be able to open sub-accounts.
6. How can I get a higher withdrawal limit?
If you want to get a higher daily withdrawal limit, please contact your VIP account manager or reach out to the Customer Service team via Chat.
7. How can I get fiat access for the Entity Account?
1) For entity applications submitted before April 26, 2022, please upload the following documents in the [Identification] section to upgrade your account for fiat access:
  • Entity Proof of Address.
  • Ultimate Beneficial Owners (UBO) Proof of Address.
  • Company website or social media link (if any).
  • How do you intend to fund the fiat account? (Such as trading capital of the company, customer’s money, company profit, etc.)
  • Which fiat currencies do you intend to use? (e.g., EUR/GBP/USD/AUD/BRL)
  • Expected monthly fiat deposit/withdrawal volume (in the desired currency).
2) For entity applications submitted after April 26, 2022:
A. You would be able to apply for fiat access during the Entity Verification process.<