How to Open Binance Account?
Beginners Guide : Signup at Binance
This article, Beginner’s guide to binance exchange, will attempt to outline everything that you must know about Binance exchange.
It will cover everything a newbie needs to know, including
- how it works?
- the crypto pairs that you can exchange
- trading fees and limits
- security aspects, customer support,
- how to open your Binance account in easy and simple steps.
About the exchange – Binance :
Binance is one of the fastest growing exchanges in the cryptocurrency market.
It becomes the biggest crypto exchange in only 17 months , launched in JULY last year. It was started from China but recently moved their headquarters to the crypto-friendly Island of Malta in the The European Union (EU) , having 24 hr trading volume of 1 Billion Dollars.
The surging popularity of Binance comes from multiple factors, like catering to multiple languages, having a user friendly interface and most notably, an extremely high throughput (data processing speed), professional attitude & friendly CEO and also due to its low trading fees.
It is important to note that Binance is a crypto-only exchange, and does not cater to fiat deposits.
Why Should I Open a Binance Account?
Today, the Crypto exchanges are filled with a wide variety of options, therefore picking the best exchange or best trading platform can be quite a headache for a newbie, crypto trader.
Binance is growing at an astounding rate, and it becomes one of the biggest crypto exchanges based on trading volume.
Additionally, it is consider as the securest exchange compared to other exchanges. Also Binance would be the recommended choice between crypto exchanges due to its high trading volume, which would equate to better prices and a higher probability of your buy/sell orders being filled at the earliest.
How to open a binance account?
Step 1: Go to the Binance Website
Make sure you bookmark the page, as there have been many cases of phishing sites that mirror the actual site. Either at the time of signup binance, or when you have login binance for trading.
As a precaution, you should also examine the URL and look for the “Secure” Certificate to authenticate that this is the original site.
Step Two : Register with email address
Click on the “Register” tab in the top right-hand corner of the webpage and enter the necessary information.
It’s good to have a long and strong password, having a combination of letters, numbers and special characters to secure your account.
Step Three : Enable 2-Factor Authentication (2FA)
A pop-up window should appear on the screen the first time you log-in, and immediately enable 2FA to increase your security. You can also enable (2FA) 2-Factor Authentication from https://www.binance.com/userCenter/googleAuthentication.html
Download the app from Google play store (for Android) and app store (for IOS)
Scan QR Code from your binance account
SAVE THE BACKUP KEY TO A SAFE PLACE (Most Important ! If you lost your mobile then you cannot able to login until you setup google authentication by that key)
Great ! You’re Done 🙂