Binance is the biggest crypto exchange in the world by trading volume. This is evidence that it is a popular crypto trading platform that is continuously growing. The exchange has over 30 million users worldwide, cutting across all continents and countries.
If you’re just starting your journey into crypto, creating an account on Binance may be one of your best decisions. This is because the exchange has a lot to offer to its customers.
First, it is a highly secure platform, with customer funds covered with insurance. It is one of the few exchanges holding proof of reserves, making it a reliable platform to use. Secondly, Binance is known for its low fees and no down times.
Fees can add up quickly when trading cryptocurrencies, so you want to keep them at the minimum and Binance helps you to achieve that. We’ll walk you through the process of creating an account on the exchange in this guide.
How to Create an Account on Binance
To create an account on Binance, you need a few information. First, you need a functional email address and phone number. You also need a government-issued identity document that you’ll need to verify the account so that you can use it seamlessly.
If you have those things in place, follow these steps to create and verify your account.
- Go to the official Binance website.
- To the left, you’ll see “Sign Up with Email or Phone”
- You can click on the yellow button to supply your email or phone number.
If you have a Gmail account, you can simply click on the Google button under. This will automatically bring up your Gmail accounts (if you have more than one) and you can choose the one you wish to use and it’s done.
Subsequently, you only need to use the same method to sign into your account with just a click. Your news account is now ready, but you need to verify it to use it for almost anything. While you can deposit funds to it, you won’t be able to trade or withdraw till you complete KYC.
How to complete KYC
At this stage, you should already have your required things in place. You’ll be automatically prompted to complete KYC if you attempt to do anything that requires KYC. To do this,
- Fill in the required identity information accurately and tap continue.
- Input your residential address, postal code, and city name in the provided fields and click on “Continue.”
- Next, you’ll see the document page. This is where you’ll need your government-issued ID document. Click on the page to see the list of accepted documents to choose from. Select the document you can provide and click on “Continue.”
You may be required to simply enter the ID number, or take a picture or scan the document. Do as the system asks. You may also be asked to take a selfie. Follow the prompts. You’ll be notified if the facial recognition is successful and if not, you’ll be asked to repeat the process until you get it right.
It will take a while for the verification to be completed and you’ll receive an email confirmation if it is successful. After that, you can log in at any time on Binance and carry out whatever activity you wish.
Note that you can use different levels of KYC to access different levels of service such as maximum daily withdrawal limits etc. The highest level is the address verification which, gives you 100% to all of Binance’s services and products, including peer-to-peer trading and many others.
Create Your Account Today
With this, you should be able to create a Binance account and get it off the ground. Please note that this is a general guide and you may find some specific things not found in this guide as the process keeps evolving and requirements keep changing. Good luck trading with your brand new Binance account!
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