Binance Registration from Start to Finish
One can be new to Binance, but Binance cannot be new to them simply because Binance has already gone far and far and far in getting everywhere around the globe. Binance is the largest cryptocurrency exchange in the world with more beneficial and efficient features.
In this article, I will tell you about:
- What is Binance?
- Why should I join Binance?
- Step-by-step on how to join Binance
Binance
Binance is a popularly known cryptocurrency exchange (currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies). It is registered in the Cayman Islands. Binance was founded in 2017 by Changpeng Zhao, a genius developer who had previously created high frequency trading software.
Binance is also known to be an online exchange where users can simply trade cryptocurrencies of different kinds. Binance provides a crypto wallet for traders to store their electronic funds. The exchange also has supporting services which more efficient for users to earn interest by investment or transact using cryptocurrencies . Binance has its own blockchain-based token, Binance Coin (BNB).
Why Should I Join Binance
The reason why one should join Binance is just as the reason why Binance stands to be ahead of all other cryptocurrency exchanges. Consider the following factors:
- Main Platform Trading Features: Binance offers low fees, comprehensive charting options, and hundreds of cryptocurrencies for trading.
- Fees: Binance charges only 0.10% spot-trading fees, 4.5% debit card purchases respectively and free BTC trading.
- Number of cryptocurrencies supported: There are over 700 cryptocurrencies for global traders on Binance.
- Security Features: There is maximum security on Binance whereas users can use 2FA verification, FDIC-insured USD balances for Binance.US, device management, address whitelisting, cold storage, etc.
- Types of Transactions Supported: A user can use limit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, pay and much more.
- Maximum Trading Amount: There are differences in limit here based on the cryptocurrency purchased.
- Non-fungible Token (NFT): Binance has an NFT marketplace where users can create collection, mint NFT and list NFTs for sale as well as buy NFTs and mystery boxes.
- Cryptocurrency Conversation: Binance allows users to convert two different cryptocurrencies. Compatibility matters.
- Mobile Top-up: Binance also allows users to recharge their mobile networks directly using any of the cryptocurrencies they are holding.
- Earn: This is a staking product with which users can earn passive income on a daily basis using cryptocurrencies they are holding. check here to see how this works.
These may not be everything amongst the features Binance offers as possibly there are more features one may not know about until they come their way. The more you get deeper into this platform’s usage, the more you discover more of it’s beneficial and efficient features.
STEP-BY-STEP ON HOW TO JOIN BINANCE
AS a new Binancian, simply follow the procedure below to sign up:
1. Open your Binance app or goto the Binance website to begin your registration, look for a sign up icon and tap/click on it to begin your registration. Here’s a direct link to there.
2. Select whether to sign up with ‘Email ’ or ‘Phone Number’ (Note that before you begin any further transaction, you must bind both your Email address and Phone Number). Input your Email or Phone number (With country code). Select password you won’t easily forget ( Must be alphanumeric mixed up with both lower and upper case and any supportive character, example, Abcde1234#. Note that the password is case sensitive. Accept terms and conditions then proceed to ‘Create account’.
3. There will be need for you to go through a little security verification where you will be required to set a piece of single puzzle by dragging/sliding the given icon to its exact shadow in the image.
4. Still on verification, you will be required to input a One Time Password (OTP) sent to your Email or Phone number used to being the registration. Tap on the ‘Get the code’ text at the left side of the space provided to receive the code. The code is in six digits form; simply copy and paste it to the area specifically allocated for that then proceed to ‘Submit’. If you didn’t receive the code, tap/click on the ‘Didn’t receive the code?’ text in yellow ochre and see what may be the reason for it it’s failure to arrive and do the needful.
5. Your account will have been created by this step but you will be disabled to use most of the platform’s features. You must complete your ‘Know Your Customer (KYC)’ verification before you will be able to use them. To do so, tap on the ‘Verify icon’ to begin.
6. Select your country of residence here.
7. Input your personal information (exactly as it is on the means of identification you intend to use for your identity verification). You are required to select your Nationality, input your first name, last name, middle name (if you have or use any) and date of birth according to the given format then proceed to the next step.
8. Additional information of yours will be required here as well. You are to input your residential address, postal code (search if unknown) and city then proceed to the next step.
9. You are required to identify your identity here using any supportive means of identification. See the options there and select which may be easiest and quickest for you.
10. Proceed to input your Identity number in the space provided here and submit.
11. Here’s the last step in which you will be required to go through ‘Facial Recognition’ process in which the system captures your face and liveliness. Make sure this is done by you. Follow the camera and screen’s instructions respectively. Once you follow the instructions as well as possible, your facial recognition will be completed instantly. This feature may not be given to you using website. If it happens to not be given to you, then re-go through this step using your Binance mobile application:
Didn’t get the facial recognition feature on the website?
- Open your Binance mobile app
- Tap on your profile icon as shown on the image below
- Tap on the ‘Log in’ icon. Use the details you used to register and login to your Binance account.
-This note on the image below may pop out, if it pops out, simply tap on okay and proceed to verify. If it didn’t pop out, tap on your profile icon from the dashboard then look around the top left corner of the page; you will see ‘Unverified icon’ yellow text, tap/click on it to proceed. Don’t worry, you are not starting over; you will continue from where you stopped.
- Start verification (Facial recognition)
- Place your face in the space provided and comply with the instructions given to you instantly.
This is the last step of all. Once you’re done, your verification will be under review for a moment (depending on your region and means of identification); you will need to wait for your verification to be successful or anything otherwise. You can only use Binance features when your verification is successfully completed and approved.
This brings us to the end of it. I want to say a big thank you for your precious time to read/listen to this and I humblyI hope that you find this very helpful.
Ready to sign up? Tap/click here to begin your registration and enjoy sign up bonus after completing some little tasks.
Altaaf The Binancian.
