Does Binance need ID?

Does Binance Require ID Verification? I've been hearing a lot about Binance, the popular cryptocurrency exchange platform, but one question remains unclear to me. In the era of increasing financial regulations, does Binance actually need users to provide their ID for verification? I understand that some exchanges require this for security and compliance reasons, but I'm not entirely sure if Binance falls into that category. Could someone clarify this for me? Is ID verification mandatory on Binance, or are there certain circumstances where it might be required? I'd appreciate any insights on this matter. Thank you!