(Updated) Binance USA: Beginners Guide For Binance US Customers | How To Use It From A-Z

I-WILL-TEACH-U-CRYPTO
Nov 1 · 9 min read

Welcome to another epic on Binance US. I will be sharing with us the Beginners Guide top using Binance as a US Customer.

The Word Binance originates from Finance.

Knowing Binance as an American User

Binance is Led by Changpeng Zhao, the team has experience in both wall-street and crypto finance. Also, the team has a track record of successful startups under their belt.

Since Binance came on, it has been a massive success even trying to compete with a giant like Coinbase.com.

Personally, I have used Coinbase and I believe in their services. However, most of my trades have been on Binance which is a pretty easy process.

In this guide, since you are a US Binance Customer, I will show you how to use Binance and the navigation so as to break forth.

Binance US

The US Based crypto exchange was launched in September 2019. Tagged as Binance.US, this is a crypto platform or a digital asset marketplace, powered by matching engine and wallet technologies licensed from the world’s largest cryptocurrency exchange, Binance.

The Binance US is operated by a Trading Services known as by BAM which is based in San Francisco, California, Binance.US provides a fast, secure and reliable platform to buy and sell cryptocurrencies in the United States.

Fee Structure On Binance US

I told you that you would love this. Now, the Trading Fees for US customers stand at 0.1% fee. If you ask me, that is the best or one of the best in the industry.

Withdrawal Limit On Binance US

Complete Basic Verification: 5,000 USD equivalent in crypto each day.

Complete Advanced Verification: 1,000,000 USD equivalent in crypto each day.

Complete Fiat Account Verification: withdraw up to 5,000 USD with ACH or 1,000,000 USD with wire each time.

Binance US Support

Should there be a need to contact the Binance US team, below is the route to take.

Press Inquiries:

PR@Binance.US

Why US Crypto Enthusiasts Should use Binance.com

#1. Proven Products

Without doubts, Binance has a nice underlying crypto platform for US customers which has been deployed on 30+ exchanges already.

Amazingly, the platform supports all devices and multiple languages, offering a seamless user experience.

#2. Superior Technology

Of course we know US as a tech hub, and this certifies the matching engine Binance offers to all US crypto traders. The Tech at Binance is capable of processing 1,400,000 orders per second, making Binance one of the fastest exchange in the market today.

#3. Industry Resources

Binance has solid relationships with industry leaders. To see this, you can simply look at the list of investors and advisors who are willing to stand behind our platform.

One of the examples if Tron — Justin Sun.

Just about a few days ago, Binance Became Tron’s Top ‘Super Representative’, Adds TRX Staking Support. How?

Major Cryptocurrency exchange Binance became the highest-ranked “Super Representative” (SR) in the Tron (TRX) ecosystem.

According to Tronscan’s data on Sept. 30, Binance acquired over 12 billion votes for the top-spot ranking. Blockchain community Sesameseed.org is now the second-largest SR, with Tron-based BeatzCoin in third place.

So, as a US crypto user, using Binance exchange offers you a lot of possibilities.

5 Security Tips for Binance US Customers:

· DO NOT give your password to anyone!

· DO NOT call any phone number of someone claiming to be Binance US Support!

· DO NOT send any money or other assets to anyone claiming to be a representative of Binance US!

· Enable Google Two Factor Authentication on your account.

· Make sure you are visiting www.binance.us

How to Open a Binance Account for US Customers

#1. Click on https://www.binance.us/en and Sign Up

#2. Go to your email account and click the verification Link

#3. Click on the “Verify your address” and verify it.

#4. Login and begin to use your account.

How to Set up 2FA

2FA — means,

Two-factor authentication (2FA)

2FA sometimes referred to as two-step verification or dual factor authentication, is a security process in which the user provides two different authentication factors to verify themselves to better protect both the user’s credentials and the resources the user can access.

Why is this important? So that your account will be secured.

4 Steps To Setting Up 2FA

  1. Download App

2. Scan QR Code

3. Backup Key

4. Enable Google authenticator

Let’s go on.

#1. Login to your account

#2. Go to Security

#3. Choose either Google Authenticator or SMS.

I would advise you choose. With Google Authenticator, you will need to download the app from Google Playstore or IOS Store. Go ahead and install it.

After Install, click on Next >>

#4. Scan this QR code in the Google Authenticator app

Use the app and scan the code. When successful you will see “Next Button”, click on it.

#5. Save your KEY

Please save this Key on paper. This Key will allow you to recover your Google Authenticator in case of phone loss.

Note: Copy the key under it and keep at a good place. This code will help recover your account in case you misplace your phone wherefore the Google Authenticator app was installed.

Click on Next

#6. Enable your Google Authenticator.

You will need to do this by entering your Login Password and the entering the Google Authentication Code appearing on the screen.

Click on Submit

That is great, you are done. Let’s see how to fund our account — Here a guide on it.

How to FUND YOUR Binace.US Trading Account

In case you don’t want to see the video, follow this guide…

Deposit cryptocurrency on Binance

Binance supports trading of over 150 different cryptocurrencies, and you can deposit any one of these onto the exchange. In this example, we will be depositing BNB from Trust Wallet.

From the homepage of Binance, move your mouse up to your profile icon. The icon will be different for everyone and is defined based on the first two letters of your email address.

Once you activate the dropdown menu, you will see an overview of your profile. Click on “Deposit,” and you will be directed to the deposit page.

Depending on the cryptocurrency you have selected to deposit, there may be a specific process to deposit that coin. In the case of BNB, a MEMO is required when depositing BNB to Binance Exchange. Once you have read and understood the warning, select “I understand” and proceed.

After you have continued to the next stage, your BNB deposit address will be displayed on the screen along with the deposit MEMO. If you do not include a memo when depositing, your deposit will be lost.

Why is a MEMO required?

A MEMO is required because the BNB deposit address for all users is identical. The MEMO is a unique identifier assigned to each account that allows Binance to identify a deposit and credit the appropriate account.

Now that you have your deposit details, you can open the wallet that you wish to send the deposit from.

For this example, we will be using Trust Wallet on iOS. If you don’t have Trust Wallet, you can download it from the Trust Wallet website.

Once your wallet is open, select the coin you wish to send. In this case, it is BNB.

Now click on “Send.”

From this screen, you will need to enter your Binance deposit address and MEMO. The simplest way to input your address is to scan the QR code available on Binance. You can see your QR code by clicking “Show QR Code” on the website.

Once you have entered your details you can send the transaction and your Binance account will be credited shortly after.

Purchasing cryptocurrency on Binance with credit card

You can also purchase cryptocurrencies using your credit card. To do so, move your mouse up to your profile icon. Once you activate the dropdown menu, click on “Buy With Credit Card” to be directed to the next step.

On the next page, you will be able to select which coin you wish to buy, as well as the order amount. The total charge will be displayed according to the order amount and current market price (all fees are included). If you prefer, you can set the total charge first and the order amount will be calculated automatically.

When you are ready, click “Buy now.” A window will appear so you can confirm the details of your order. Read the disclaimer and Terms of Use and, if you agree, tick the box and click “Go to payment.”

Next, you will be required to fill your credit card details along with your personal information. When you are done, click “Pay now.”

Wait for your credit card to be verified.

If this is your first Simplex payment, you will be required to verify your email and phone number. You will receive an email and an SMS with a verification code. To finish the verification process, you need to open the link sent by email and insert the code received by SMS. Once you are done, click “Continue.”

Next, you will be required to verify your identity using an official document. Please upload a picture of your document along with your personal data and click “Upload Document.”

Finally, your documents will be verified and, if approved, you will receive an email stating that your purchase has been confirmed. Your Binance account will be credited shortly with the purchased cryptocurrency.

That is all

The other way of doing this is buying Bitcoin on Coinbase and sending it over to Binance.

Coinbase Guide | Coinbase.com

Final Note

Truth is, you cannot miss participating in an inclusive crypto ecosystem and access cutting-edge trading technology, built just for you in US.

Click here to Sign up at Binance.com/US today.

Have any questions? Let me know below. And pls clap if it has added value.

I-WILL-TEACH-U-CRYPTO

Written by

Top Quora Writer on Cryptocurrency, Blockchain, Bitcoin and Altcoins.

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