Pakistanis Sign Up for Binance Detailed Guide

Overview

Binance is the underground“cryptocurrency neighborhood” for Pakistani investors. Nearly every Pakistani starts their crypto journey from Binance and rightly so!

After all, the intuitive platform of Binance and easy-to-use interface makes it a top-favorite exchange platform for Pakistanis. If you are a newbie and looking for instructions on How to Sign up for Binance, then you are at the right place.

Without any further ado, let’s learn how you can sign-up on Binance. 

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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, extensive range  of trading pairs, and the opportunity to trade assets with up to 125x leverage in futures trading.

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 can Pakistanis Sign Up for Binance?

Now, you might have an idea of what Binance is and how it differs from other exchanges. But before we learn about how to sign up for Binance, you have to understand that Binance has two different entities operating: Binance Global and Binance US. Since we are Pakistanis, we’ll trade using the Binance Global platform. 

Follow the below step-by-step guide to Register an account with Binance. 

1. Visit Binance’s HomePage

First, visit the Binance Global exchange.. 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.

The best part is that more than 35 worldwide languages are available on the platform ranging from South African English to Hindi, French, Espanol and more.

2. 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, your account might run the risk of suspension in near future.

3. Sign up with Phone Instead

If you don’t want to use your email as a form of primary medium for verification, then you can choose the Phone number option instead, which allows users to verify their account without linking their email address.

4. 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 Pakistani users must show their true identity by sharing photos of their actual CNIC (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.

5. Setup Security to Secure your Account

After completing the account registration and KYC, don’t forget to enable extra security features that will help improve your overall account security. Binance, in total, has 4 Security options which are as follows:

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 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 Security option of 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.

Conclusion

Ultimately, I would say Binance is one of the best exchanges for Pakistanis looking for the easiest way to conduct trades – be it in futures, Spot, Margin or Contract trading. Follow the above guidelines, to easily sign up for Binance and kickstart your trading journey.

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