If you have invested in Cryptocurrency, you definitely cannot own a Binance account . Although it was just launched in July 2017, Binance has so far established itself as the world's leading cryptocurrency exchange.
So if you are an investor then you will definitely need an account here. In this article, Ngoc will guide you on how to register for a Binance account , how to secure your account and verify your identity (KYC) for convenience and safety when trading offline.
What is Binance?
Now before going to create a trading account at Binance we take 1 minute to see more about this exchange.
Binance was founded by Changpeng Zhao, who is a CEO of Beiji Technology in Shanghai China. The story of founding and building Binance floor of Changpeng Zhao is also a topic that the media and career have spent a lot of ink and paper.
Zhao Changpeng on the cover of Forbes
At the time of this writing, Binance is one of the largest exchanges in the world. With good security features, high safety, fast liquidity. And the special thing is that the transaction process is extremely fast, the system works extremely stable. (reveal: Ngoc personally makes 90% of transactions here)
Binance is currently the top 3 exchange with a daily trading volume of over $ 1 billion
Some salient features of Binance
Binance is known for its low transaction fee (0.1%) as well as its fast transaction processing. The technology of Binance is capable of processing 1.4 million orders per second, which also makes it the most potential trading platform and the fastest investor attraction in the past.
In addition, Binance also issued its own coin (BNB) to fund the development of Binance. When trading on Binance, if you turn on the use of BNB to make transaction fees, you will receive a discount of up to 50%.
Use BNB as transaction fee to get 50% off
In the later part, Ngoc will guide you to enable this feature to save money when trading on Binance.
Some other information about Binance:
Binance only supports trading of virtual currencies with BTC, ETH and USDT, which means you cannot top up regular currencies like USD or pay via Paypal, Visa, Master card. You need to have BTC, ETH, USDT, then transfer to Binance's wallet and use it to buy and sell other coins.
- Safe & stable : Binance uses a powerful multi-tier knowledge system, in the past 1 year using Binance, Ngoc has not seen any problems.
- Multi-device support: Binance supports web browsers, Android, IOS, HTML5, WeChat and other platforms.
- High performance : Binance can handle 1.4 million orders per second.
- Multi-language support : Binance support Chinese, English, Japanese and Korean, Russian and Spanish
- High liquidity : Most of the coin lists on Binance are potential coins, so they are extremely liquid
- Support for multiple coins : Binance allows trading of various virtual currencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), IOTA (MIOTA), NEO (NEO), Bitcoin Cash (BCH), QTUM , Monaco (MCO), Binance coin (BNB), CyberMiles (CMT) ...
- Thriving team : Binance is run by Changpeng Zhao. Overall, the company says its team has extensive experience in both Wall Street and crypto finance, along with a successful start-up record.
- Proven product : The Binance platform has been implemented on 30 already available interfaces. The platform supports all devices and multiple languages, providing a good user experience.
Tranding Basic interface of Binance
And here is Binance's (Advance) Trading Advance interface
Ok come here make sure you are very impatient to create an account on Binance, right? Let's start!
Instruction to register a Binance account from A to Z
Right below is also a guide on how to register for a Binance trading account according to the latest interface in 2018, you can follow step by step!
First to ensure safety and avoid false registration on the fake exchange , please click the button below to go to the homepage of Binance!
Step 1: How to register a Binance account
On the Binance homepage, click the word "Registration" in the right hand corner as shown below.
Next you need to enter information like:
- Your email address
- Create a login password of binance floor
- Enter the password again
- Keep the referral code intact
- Check the box "I agree to Binance's Terms of User"
Click the "Registration" button to create an account.
A popup appears, you need to drag the slider below to match the inside of the box (like that puzzle )
Shortly thereafter a message appears as shown below, asking you to open an email to verify your account.
Now return to your email, open it and click on the "Verify Email" button.
The message below means you have successfully created and verified the email. Now click on the word "Log in" to login account only.
Enter the email and password you created, click "Log in"
The first time you log in, you will be required to commit and confirm the security of your trading account.
Just tick all the lines (as shown below) and then press the "I understand, continue" button
Soon you will be moved to the 2-layer security setup (2FA) for the account.
Step 2: How to turn on 2FA security for your Binance account
Binance allows you to be secure in 2 ways:
- Using the Google Authentication (...) application and ...
- SMS Authentication (message via phone)
Here Ngoc will guide you to enable 2FA with Google Authentication.
Click to select "Google Authentication"
First you need to open your phone and download the Google Authentication application to your device. Binance also provides you with a link to download this app on iOS and Android as shown below, then click and download to your device or go to Appstore and Google Play to download.
Click the "Next Step" button to move to the next step.
2FA security for the account (Figure 1)
After downloading Google Authenticator to your phone, you turn on the application click on the "+" => then click on " Scan barcode ".
How to scan barcodes on the Google Authentication app
In step 2 you need to scan the QA code that Binance provides you.
Put the phone camera into the black / white square box in step 2 above " Scan QR-code " to scan the QR code, after the scan is complete you will see on the phone screen a code of Binance. This code will change every 30 seconds.
Moving on to step 3 you need to back up your 2FA code. You should record this code on a sheet of paper and then store it in the safe . This is the code to recover 2FA in case you lose your phone or reinstall the Google Authentication app.
Click "Next Step" to move to the final step.
Finally, in step 4 you need:
- 16-digit Key: Enter the 16-digit security code in the step above
- Login Password: Enter the login password of the binance platform account
- Google Authentication Code: Enter 6 numbers on the Google Authentication application
Click the "Enable Google Authentication" button
That's it Binance will then notify "success" that you have successfully enabled 2FA security. The next time you log in besides Email + Password, Binance will ask for an extra 2FA code, just turn on the Google Authenticator app on your phone and get the code of Binance entered.
Note: With 2-layer security by SMS (message) you can also do the same thing. This way, every time you log in, Binance will send the message to your phone with 6 numbers you just need to enter and login.
Step 3: Instructions to verify your identity (KYC) to increase the withdrawal limit on Binance
By the end of step 2, you can safely trade on Binance, but to ensure your account is more secure and to be able to withdraw more than 2 BTC from the exchange every day , you need to conduct identity verification.
After verifying your identity, your account will be guaranteed and the daily withdrawal limit will be up to 100 BTC.
To proceed with identity verification you only need to prepare:
- Identity card 1 of the following 3 types: Passport, identity card or driver's license
- Take 3 photos in which: a front of the document, a back and a photo with a blank sheet of paper with the word "Binance - day / month / year" you conduct KYC verification
Ok, let's go ahead and verify KYC.
You go to the humanoid icon, in the upper right corner. Then select "Account"
Here you can:
- Turn the "ON" button in place of "Using BNB to pay for fees" to use the BNB payment to pay 50% off transaction fees - will be very economical
- Then click the words "Submit Verification Documents" to start verifying the identity
You will be transferred to the KYC verification section, where:
- ID Type : Select "Other"
- Given name: Enter your middle name + your first name
- Surname: Enter your last name
- Sex: Choose sex
- Countryterritoy: Choose Vietnam
- Passport / ID Number: Enter your passport number or ID card (depending on the type of document you use to KYC)
Next below, you upload 3 prepared images (note the clear image and the .jpg extension)
Finally click "Submit" to submit. Now under "Account" you will see the words "Personal is awaiting approval" , ie waiting for approval.
Normally Binance will need a review time of a few hours, as mine takes about 4-5 hours for Binance to verify. After successful verification, your account will be upgraded to Lv.2 and the maximum daily withdrawal limit is 100BTC as shown below.
Ok so you can rest assured trading, your account will now be extremely secure!
Epilogue
Ok so, Ngoc showed you how to register for a Binance account, turn on 2FA security and verify your identity to increase the maximum withdrawal limit to 100 BTC / day. Ngoc personally recommends that you follow these 3 steps to have a safe, stable and verified identity account to avoid disputes in the transaction process.
Binance will certainly develop in the future and potential coins will be listed on this exchange so please create an account here.
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