Binance is undoubtedly one of the top destinations for those interested in cryptocurrencies. Trading on Binance, the world’s largest cryptocurrency exchange by trading volume, requires a Binance membership. So how do you open a Binance account? We’ll explain the account registration and verification process step by step.
A Brief History of Binance
Binance burst onto the scene in 2017, founded by Changpeng Zhao, commonly known as CZ in the crypto community. Despite being relatively young compared to some of the other financial giants, Binance has quickly become a household name in the crypto space.
Within just a few months of its launch, the exchange has topped the charts in terms of daily trading volume and is providing a platform for traders worldwide.
Why such rapid growth? Low fees and a diverse token portfolio make it irresistible. It was one of the first exchanges to offer hundreds of cryptocurrencies for trading – while others only listed a dozen. Binance sells crypto, yes, but more than that – they sell convenience.
Back to the present, Binance has millions of active users. The company operates globally, although its scope of operations varies from region to region due to regulatory issues.
How to open a Binance account
To become a member of Binance globally, here's what you need to do:
1. By clicking here Go to Binance registration page .
2. Click the Register by Email or Phone button on the registration page.
3. Choose to create an account with email or phone number, enter your email/phone number and create a strong, difficult-to-guess password that contains at least 8 characters, including uppercase, lowercase, numbers and special characters. (You should write down your password in a safe place. If you forget your password, you will be blocked from making any transactions on your account for one day.)
4. Enter the account verification code sent to your email address (6 digits) or phone number - email from Binance: do-not-reply@directmail.binance.com
5. That's all you need to do to open a Binance account. However, you'll also need to verify your identity to secure your account.
6. To verify your identity, you must upload your address information, front and back photos of your ID card, and a photo of your face to the system.
7. Your Binance account will be approved after identity verification, which takes about 24 hours.
Binance Account Requirements: To create a Binance account, you must have your own email address and phone number. You must also be at least 18 years old. This means that people under 18 cannot create a Binance account. If you are already 18, you can open an account by following the Binance registration steps above.
Binance Account Verification (KYC)
In principle, you can trade on Binance without identity verification. However, verification, also known as the KYC process, is required for certain account deposits or withdrawals. KYC stands for “Know Your Customer.”
Cryptocurrency exchanges are more or less required by regulatory
authorities to verify the identity of their customers. This is to protect customer accounts and verify that funds are being collected legally.
How does identity verification work at Binance?
Log in to your Binance account and click on User Center, then click on Verify .
Select the level you want to verify. You always start with the Basic Level. Once you complete a level, you can click Upgrade to a higher limit to continue to the next level of verification. The three levels are:
● Basics - Now it's time to fill in your first name, middle name, last name, and date of birth. Make sure everything is correct as it must match exactly what's on your ID. Continue to fill in your address, zip code, and city. Again, be very careful to make sure everything is completely correct .
● Midterm - Here you have to upload a photo of your ID, driver's license or passport. You also have to take a selfie.
● Advanced - You must provide proof that you live at the specified address and receive mail. For example, you can upload a bank statement.
Please note that the verification process will take some time.
How to deposit funds to Binance?
To buy cryptocurrency, you first need to fund your account. You can fund both cryptocurrency and some fiat currencies into your account wallet to trade.
● With fiat: You can deposit local currencies directly using bank transfer, credit card, or e-wallet. Binance supports different
payment methods depending on your region. They also offer many (but not all) fiat currencies, including euros, Turkish lira, Japanese yen, Brazilian real, and Polish zloty, among others.
● For Crypto: Already have crypto? Just transfer it to your Binance wallet using your unique deposit address. Pro tip: Double check your wallet address before sending. One typo and your funds are gone forever!
Once your account is set up and funded, you are ready to trade!
Buy and trade cryptocurrency on Binance
So you have funds in your Binance account. What next? It's time to buy your first cryptocurrency. Here's how:
1. Select “Buy Crypto”: On the app dashboard or website, tap the “Buy Crypto” button.
2. Choose your coin: Browse or use the search bar to find Bitcoin (BTC), Ethereum (ETH) or any other coin you are interested in.
3. Select payment method:
● Pay with fiat? Just select your payment method like credit card or balance.
● Already have cryptocurrency? You can use your existing tokens to trade with others.
4. Confirm your purchase: Review the details, click “Confirm” and voila, you own crypto!
Your newly purchased cryptocurrency will appear in your wallet within minutes.
In the Trading section you will find different trading options:
● Convert - To make trading extremely simple.
● Classic - Easy trading with a clear interface for beginners.
● Advanced - Extensive trading and analysis capabilities.
● Margin - The option to use borrowed funds and leverage.
● P2P - Peer to Peer Marketplace.
● Stock Token - Opportunity to trade stocks through tokens.
Binance Lite vs Binance Pro: Which Mode Should You Use?
Binance offers two interface options – Lite and Pro – designed to suit different experience levels. So which one is right for you? Let’s break it down:
● Binance Lite: This is the “learning wheels” version of the app. The interface is streamlined, clean, and focused on the basics: buying, selling, and checking balances. If you’re new to crypto, go for Lite. It’s simple, intuitive, and perfect for getting started.
● Binance Pro : On the other hand, Pro mode is for those who have graduated from regular investing. It comes with many advanced features such as candlestick charts, order books, and margin trading. If terms like “Fibonacci retracement” don’t scare you, go for Pro.
Is trading on Binance safe?
We've all heard horror stories about users' crypto accounts being drained of all their funds. At Binance, you can be as safe as you would be on a crypto exchange.
Binance uses 2FA security. This means that after you enter your email and password, you have to verify your login information in another way. Binance currently has two options for you to choose from. You can use your mobile
phone and receive an SMS code. Or you can use the Google Authenticator app downloaded to your phone. The app is called Google Authenticator and you can find it for Android and iPhone.
2FA along with strict ID and proof of address requirements upon registration makes Binance a very safe cryptocurrency exchange to trade on.
Binance Coin (BNB): The Power of the Binance
Ecosystem
Binance Coin (BNB) is the fuel for the Binance ecosystem. BNB was originally launched as an ERC-20 token in 2017, but was later migrated to its own Binance Chain and Binance Smart Chain (BSC).
Main uses of BNB
Reduced Trading Fees – Holding BNB allows you to pay lower trading fees on Binance.
Staking & Earn Rewards – You can stake BNB to earn passive income through Binance Earn.
Binance smart chain (BSC) transactions – BNB is used to pay gas fees on BSC, supporting fast, low-cost transactions for DeFi projects.
Token Sales and Launchpad Access – Binance Launchpad offers exclusive access to new cryptocurrency projects. This often requires BNB participation.
Payments and Spending – BNB is accepted for payments, travel bookings, and even physical purchases through Binance Pay.
At first glance, it may seem like a lot of steps to get started. There are a lot of steps, but once you’re done, depositing and withdrawing money or cryptocurrency from Binance is really easy. You’ll have access to the largest
cryptocurrency exchange out there and all of its features. Opening an account on Binance is definitely worth it.
