If you are a newbie and looking for instructions on how to sign up for Binance, then you are at the right place.
In this beginner guide to sign up process, we’ll explain how you can create an account on Binance and participate in trading such as spot, future, option trading, and more.
So, stick with us and read this article till the end.
What is Binance?
Binance is a centralized exchange founded by crypto billionaire Changpeng Zhao, a 46 years old Chinese-Canadian coder back in July 2017—currently, the exchange rank as #1 in the market in terms of market cap. One of the key components that differentiate Binance from other centralized exchanges is its low trading fees, more trading pairs to trade, and the opportunity to trade assets with up to 125x leverage in futures trading.
Furthermore, Binance also has its own NFTs marketplace where Binancians can list their NFTs for auction and participate in auctions to buy their favorite NFTs.
Since 2021, Coin Labs have been assigned a fee discount code from Binance. Thus, if you sign up for Binance through Coin Labs, you can benefit from the fee discount and participate in the bonus event earning up to $500.
How to Sign Up for Binance?
Now, you know what Binance is and what features differentiate it from other exchanges. But before we start with how to sign up for Binance, first, you have to understand that Binance has two different entities operating; one is Binance Global and Binance US. Both have pretty much similar interfaces, but if you are a user from the United States, then make sure to register your account on Binance US instead of Binance.com, which is a separate entity.
Follow the below step-by-step guide to Register an account with Binance.
Visit Binance
So, based on your location, visit the official site of Binance or Binance US. Once you are on the Homepage, navigate through the menu to click on Register. Keep in mind if you are finding it hard to understand English, users are free to change the language according to their preference by clicking Global Icon right next to USD on the right side of the header menu.
More than 35 worldwide languages are available, from South African English to Hindi, French, Espanol, and more.
Fill out registration details
Once you click on Registration, you will be required to fill out some personal information such as your name, email address, and the country you are living in. If you have a referral code, don’t forget to add it because it might help you earn some $ in the form of a welcome bonus.
Keep in mind that when filling out the Registration form, make sure you are filling in accurate information; otherwise, you can end up with account suspension issues in the future.
Sign up with phone instead
If you don’t want to use your email as a form of mandatory medium to verify your identity, then you can choose the Phone number option instead, which lets users verify their account without linking their email address.
Complete your KYC
Once you are done with account registration, the final procedure is to complete the KYC process. Know your Customer, or KYC in short, is a process where users must show their true identity by sharing photos of their actual NiC (National ID Card), Passport, or Driving License. This process helps exchanges limit trading access to bad actors in the market who try to manipulate the market or conduct illegal transactions. KYC on Binance is mandatory; without completing it, users can’t access different features of the platform.
Setup security measure
After completing the account registration and KYC, now, in order to secure your account, don’t forget to enable extra security features that will help improve your overall account security. Binance, in total, features 4 Security options which we have broken down below so you can easily understand.
PassKeys and Biometrics
PassKeys and Biometrics are highly recommended security options available on Binance. By enabling it, you can improve your overall account keys. Each time you try to log in to your account, the application/Exchange will ask you to verify your identity by pasting Passkeys or verifying through Biometrics Fingerprints.
Authenticator App
I’m sure you would have heard of 2-FA Authenticator or Google Authenticator. Binance supports Google authenticator, which can be enabled with the help of the Authenticator app function, which will protect your account withdrawals and make sure your account funds are safe. By simply downloading Google Authenticator and then going to Authenticator app in the Security option of the Binance application, you can easily enable this feature.
Auto-Lock
Auto-Lock is pretty much a basic traditional locking system that works by setting up a mobile pattern or Touch ID. Well, it’s a simple but useful method to secure your account.
Fund Password
Apart from Auto-lock and account login password, users can set up a fund password that will be required each time when withdrawing or trading on P2P for each successful trade. If you do P2P trading on a daily basis, then setting up your funds password will help you quickly process your trades.
Conclusion
Ultimately, We would say Binance is one of the best exchanges if you are looking for the easiest way to conduct trades, whether in futures, spot, margin, or contract trading. Following the above guidelines, you can easily signup for Binance and start trading.
FAQs
Can I use derivatives without KYC?
Unfortunately, here on Binance, KYC is mandatory, and without completing the KYC process, you can’t access any trading options.
Can I sign up for Binance in US?
The U.S. users can sign up for Binance US, a separate entity regulated under U.S. laws. However, Binace.com is a global entity and doesn’t comply with U.S. laws; hence you can’t signup for Binance Global. Keep in mind both Binance and Binance US both are owned by Changpeng Zhao.
