How To Set Up a Binance Account: Beginners Guide

How To Set Up a Binance Account: Beginners Guide

 

Credit: Binance

What is Binance?

            The Binance Exchange is a leading cryptocurrency exchange founded in 2017 in Hong Kong. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 500 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB). In 2018, it moved its company headquarters to Malta, EU, in response to China's strict regulations on crypto exchange businesses. (Investopedia)

 

Step 1: Register Account

Register a Binance account from the Binance App, Binance website, or Binance Desktop App with your email or phone number. LINK

First, head to the Binance homepage and click [Register] in the top right corner or head to https://accounts.binance.com/en/register?ref=70084314 (Note: Use my referral code for a 20% Discount to all transactions on Binance) 

Step 2: Complete the Sign-Up Process    

            Now, enter the necessary information. Please note that it is vital to have a long and random password to secure your account better.

            Verify yourself and click on “Register” to proceed, and you’ll receive a confirmation email.

Step 3: Complete Verification

You can complete Identity Verification on your Binance account to unlock the fiat deposit and withdrawal limits. This process typically takes a few minutes to complete, including verifying your basic account information, providing ID documentation, and uploading a selfie/portrait.

Be sure to secure your Binance account - while we do everything to keep your account secure, and you also have the power to increase the security of your Binance account.

            Note: In your verification, you need to download their Binance App at Google Play. 

Step 4: Enable 2-Factor Authentication (2FA)

            To have an extra layer of security, you need to enable your 2-factor authentication by downloading the google authenticator at Google Play. 

Photo Credit: https://appleinsider.com/

Congratulations! You’re Done! 

 

How to buy crypto on Binance

Now we’ve set you up with your Binance account and verified your account, let’s purchase some cryptocurrency.

 

Binance got a few options to choose from when purchasing crypto:

• Credit/debit card: the most straightforward option for new users.
• Deposit funds into your Fiat and Spot wallet: transfer fiat currency from your bank account and use it on the exchange.

Sources: 

·         https://www.investopedia.com/terms/b/binance-exchange.asp

·         https://www.binance.com/en/support/faq/c780097f75dd450a82d17f1e84153276