Why the Extra Info?
If recent withdrawals asked for recipient names and addresses, it's because of the Travel Rule — an international anti-money-laundering regulation now extended to crypto.
Register on Binance to understand the requirements.
What Is the Travel Rule?
From FATF's Recommendation 16: when crypto transfers exceed ~$1,000, the sending service must collect and transmit sender and recipient identity information. Purpose: combat money laundering and terrorist financing.
How Binance Implements It
During withdrawal, you may need to specify: Is this to yourself or a third party? Recipient's name, platform, and region.
Transfers to yourself: simplified info. To other exchanges: provide exchange name and recipient info. To third parties: full recipient identity.
Impact
Slightly longer withdrawal process (extra fields). Most transfers aren't delayed. Deposits are unaffected.
Tips for Speed
Know recipient info in advance. Save frequent addresses. Select "To self" when applicable.
Download the Binance app — filling info is easier on mobile.