Binance is the world‘s leading cryptocurrency exchange, allowing users to easily buy, sell and trade digital assets and tokens. With low fees, a wide variety of coins, and high liquidity, it‘s no wonder Binance leads the pack.
However, before you can start trading crypto on Binance, you need to create an account. This involves more steps than signing up for your average website or app. Binance requires identity verification for all users to comply with financial regulations.
In this comprehensive guide, you‘ll learn how to create a Binance account from start to finish, including completing the necessary verification levels. I‘ll provide tips to streamline the process as an expert Binance user. Let‘s get started!
Why Choose Binance?
Before we dive into the account creation process, let‘s look at why Binance is the best place to buy and trade crypto. Here are some of the key benefits:
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Low trading fees – Binance offers some of the lowest fees in the industry at just 0.1% per trade. This makes high-frequency trading very affordable.
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Industry-leading liquidity – Binance has the highest trading volumes globally, ensuring fast order execution and minimal price slippage.
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Hundreds of coins available – Trade major coins like Bitcoin and Ethereum as well as smaller altcoins. Binance lists new and trending crypto assets very quickly.
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Robust security – Binance utilizes cutting-edge security measures like secured cold wallet storage and a customized matching engine to protect user funds and data.
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Great customer support – Binance provides 24/7 multilingual customer support via email, web tickets, and chat.
Step 1: Download the Binance App
To get started, you‘ll first need to download the Binance app for your iOS or Android device.
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Open the App Store (iOS) or Google Play Store (Android).
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Search for "Binance".
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Download and install the official Binance app.
Once installed, open the app and you‘ll see options to log in or register for an account.
Tip: You can also access Binance via desktop at Binance.com. I recommend the app for convenience.
Step 2: Navigate to Registration Page
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Open the Binance app and tap Register. This takes you to the registration page.
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Alternatively, on the Binance website, click Register in the upper right corner.
Step 3: Create Account and Verify Email
Next, you need to enter some basic personal information to register for a Binance account.
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Enter your email address – This will be your account login.
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Create a password – Make sure it‘s long and complex for security.
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Enter a referral ID (optional) – You can use code 73583477 to get discounts on trading fees.
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Check your email for a verification code sent by Binance and enter it to confirm your email address. This completes the initial account registration!
Pro Tip: If you don‘t see the email from Binance, check your spam folder before requesting another code.
Step 4: Complete Basic Verification
To start trading crypto on Binance, you‘ll need to complete some account verification steps to confirm your identity per financial regulations.
The first level is Basic Verification, which requires:
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Selecting your country of residence.
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Entering your full legal name and date of birth.
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Providing your complete residential address.
Once submitted, you‘ll get confirmation that Basic Verification is complete. Then you can move onto Intermediate Verification.
Step 5: Complete Intermediate Verification
The Intermediate Verification level allows for higher buy, sell, and withdraw limits on your Binance account. Here‘s what‘s required:
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Uploading a photo ID – This valid government-issued ID must clearly show your full name and photo, such as a driver‘s license or passport. Upload images of the front and back.
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Taking a live portrait photo – Use your phone‘s camera to take a live selfie photo. Make sure your full face is visible and clear.
Once Binance has reviewed your ID and photo submissions, your Intermediate Verification will be approved, unlocking account upgrades!
Step 6: Start Buying Crypto
Congratulations, your Binance account is now fully verified! You can now:
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Deposit cryptocurrencies or fiat money to fund your Binance account wallet.
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Use these funds to buy, sell and trade supported crypto coins and tokens.
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Withdraw your coins to an external crypto wallet or send fiat money back to your bank account.
To get started buying your first crypto:
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Tap Buy Crypto and choose from the list of available coins.
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Select your payment method – credit/debit card, cash balance etc.
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Enter the amount in USD or currency you wish to spend.
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Confirm details and complete card payment or other purchase method.
You‘ve now successfully purchased crypto on Binance! Exciting!
Key Takeaways
Creating a Binance account is easy but full identity verification is required to access key features. Here are some closing tips:
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Complete both Basic and Intermediate Verification to maximize buy/sell limits and options.
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Take clear, well-lit ID and facial photos according to instructions. This speeds approval.
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Fund your account via bank transfer or card to start trading instantly.
With your verified Binance account, you can now explore the exciting world of crypto trading! The options are endless.
