How to sign up and start investing in crypto with Binance exchange
Binance exchange continues to be one of the best crypto trading platforms globally, offering users the most cryptocurrency trading pairs with the highest trading volume on the market. Founded in 2017 by Changpeng Zhao, Binance has quickly become a top cryptocurrency exchange and has its currency, Binance Coin (BNB). The Binance platform offers users an easy way to purchase cryptocurrencies directly, using a credit/debit card. Binance exchange can be accessed and used with the same ease through its website, desktop, or mobile application.
Creating a Binance exchange account
Creating a user account on Binance exchange is relatively easy and should not take a lot of time at all. You can choose from two types of accounts. First of all, head over to www.binance.com.
Registering an unverified account:
- Click on the Register button on the Binance exchange home page:
- Enter your email address
– Choose your password
- Accept Binance’s “Terms of Use”
- Click on “Create an account.”
- Confirm your registration by clicking the link in the email you should have received from Binance
To create a verified account, follow the same steps as above, then:
- Log in to your account
- Access the “Activity Center” and then “Identity Verification.”
- Choose “Personal”
- Fill in your details
- Choose an identification type, such as a passport, driver’s license, or ID card
- Upload the proof mentioned above of identification
- Take a selfie
- After uploading the required documents, click on “Confirm”.
The deposits and withdrawals limits are more significant for verified accounts, but if you’re only just starting, you don’t need to verify your account right away – you can always do that at a later time.
Binance exchange will review your application as soon as possible, and you will receive an email after your account has been verified. This step takes very little time in most cases.
What cryptos can you buy on Binance?
At Binance, several cryptocurrencies are available for direct purchase using credit or debit cards, including:
Bitcoin (BTC)
Ethereum (ETH)
Binance Coin (BNB)
Of course, you can trade thousands of other coins on Binance exchange once you get some coins on the platform, but you can buy the ones mentioned above by only using your credit or debit card, straight from the platform itself.
Using Binance on other platforms such as iOS or Android
In addition to the official website, Binance exchange offers you a mobile application and a desktop application. The desktop app is available for MacOS and Windows, while the mobile app is available for iOS and Android.
Is Binance exchange a secure platform?
Binance is one of the most secure cryptocurrency trading platforms. Although the exchange was the target of a cyber attack in early 2019, the platform’s response was swift when hackers managed to steal $40 million. Binance exchange immediately reimbursed the amounts stolen from each user affected by the hack through its Secure User Assets Fund (SAFU). SAFU is a “cold wallet” type of wallet that keeps enough capital to cover losses.
Binance offers two-factor authentication and several other security measures to protect user accounts.
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Text source: Whaletank Blog – Market Maker News
