The alias name in the Binance profile is used for various purposes, especially related to identity verification and account security. Here are some reasons why an alias name may be required:
1. Identity Verification:
Binance requires identity verification (KYC) to comply with legal and security regulations. An alias name can be used if the name on the identification document does not exactly match the name intended to be used in the Binance profile.
2. Security:
Identity verification helps protect accounts from potential risks of fraud, money laundering, and other illegal activities.
3. Legal Compliance:
The alias name can be used to comply with applicable regulations and legal requirements in various countries or regions.
4. Language Use:
If the name on the identification document is in a local language (e.g., Indonesian), an alias name can be used to adapt it to a language recognizable by the Binance system (e.g., English).
5. Name Change:
If the name on the identification document has changed (e.g., due to marriage or other reasons), an alias name can be used until the official name change is completed.
Example:
Imagine someone has the full name "Siti Aminah" on their ID card but wants to use the alias name "Aminah" in their Binance profile. This alias name will be used to verify identity and meet Binance's security requirements while still allowing the user to choose a name that is easier or more suitable for their preferences.
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