Binance is one of the world’s leading cryptocurrency exchanges, founded in 2017 by entrepreneur Changpeng “CZ” Zhao. Thanks to innovative solutions such as using its native coin BNB to reduce fees, Binance quickly gained users’ trust.
The platform offers a wide range of digital assets, an intuitive interface, and high transaction security. In a short time, the exchange became a market leader due to the rapid growth in the number of active traders and trading volume.
Today, Binance continues to expand its services, offering customers access to new projects through the launch of its own blockchain and investment programs.
⚡️ Registration
1. Go to the official website or use the mobile app available on AppStore, Play Market and GetApps. Creating a profile through the app is easier as it allows for easy photo IDs and reduces the chance of verification errors.
By following our link and creating an account, you will be able to get up to 600 USD bonuses in total, as well as a lifetime cacheback of 20% when trading on the spot market. This is the maximum discount level.
In the “Referral ID” field you can specify the code CPA_00FZT4RXC3.
🔥 Binance welcome bonuses allow newcomers to this exchange to develop faster from the start by providing token coupons for trading operations and vouchers that reduce commissions.
2. Click the Register menu option.
3. Click the “Sign up with phone or email” option or also click:
- Continue with Google
- Continue with Apple
- by using Telegram
4. Complete a captcha and verify your email address or a phone number
5. Verify your email or a phone number
6. Now, you should be sure to add the Binance homepage to your bookmarks to avoid phishing attempts. Binance is an exchange that allows you to start trading virtually anonymously, as no additional account verification is required.
Done! Your account has been created.
📌 Don’t forget:
- Create a strong password
- Enter referral code: CPA_00FZT4RXC3 (This referral code will give a lifetime maximum discount on trading commissions)
On Binance, new clients get bonuses – for the first deposit in cryptocurrency and fiat from $50, the first transaction from $100. To get the bonus, you need to complete tasks within a week of creating an account.
⚡️Verification of Binance account
Why do you need identity verification?
This is a mandatory procedure on Binance, without which you will not be able to access Binance products and services, including cryptocurrency trading, deposit and withdrawal, deposit, trading and use of various services.
Where do I verify my personal account?
Go to the Account – Identification section
📌 To verify your Binance account, you need to go through two steps:
- Basic Information: Enter your full name, date of birth, and residential address. This information must necessarily match the data in your ID card.
- Document and Face Verification: You must provide one of the following state-issued documents*: driver’s license, national ID card, international passport, or residence permit. A photo must be uploaded for each. One photo will be required for the passport and front and back photos will be required for the other documents. The size of uploaded files should not exceed 5 MB.
* Requirements vary from country to country. Please read the instructions shown on the screen.
The process can take from a few hours to two days. The user is notified by e-mail if the application is approved or rejected.
⚡️Account protection and security tips
The Account-Security section contains features to help protect your account, money, and sensitive information.
📌 You need to configure the following options:
- Two-factor authentication (2FA):
Download the Google Authenticator app to your phone and follow the instructions. This way you will be able to confirm account login and various operations using one-time codes from the app. It’s fast, convenient, and most importantly – very reliable. - Anti-Phishing Code: Set a code that will be displayed in all emails from Binance. If an email from scammers under the guise of Binance comes, the code will not be there, and you will be able to immediately identify the scam.
- Security key: Not required. A hardware key that can be used as an alternative to the usual 2FA.!!!!!
⚡️ How to buy cryptocurrency for fiat on Binance
To start trading, you need to make a deposit. Go to the Wallet – Fiat and Spot section. Then select the desired currency or cryptocurrency and hit “Deposit”.
Binance supports buying cryptocurrencies with more than 60 fiat currencies and multiple payment options: credit and debit cards, bank transfers and more.
Once payment is completed, funds are deposited into your account quickly, within 5-10 minutes.
⚡️ How to deposit cryptocurrency on Binance
On the “Deposit” page, you need to select the currency you want to deposit. Binance supports a wide range of recharge currencies including Bitcoin, Efirium, etc.
Once the currency is selected, the system will generate a unique deposit address for you.
Follow the steps below::
- Step 1: Select the currency you want to top up: Bitcoin, Efirium, etc
- Step 2: Choose the right network
Many cryptocurrencies operate on multiple blockchains at once. It is very important to choose the right network carefully to avoid losing your funds. If you send assets to the wrong network, it will be impossible to get them back. So make sure you choose the correct blockchain before you start the transfer. - Step 3: Copy the address and transfer the funds.
Copy the address and make a transfer from another exchange or Trust wallet (official decentralized wallet of Binance, which guarantees users reliability and security). For convenience, you can use a QR code, which will automatically substitute the transfer details.
Wait for confirmations
Wait for the required number of online confirmations to complete the transaction. To track the status of your transfer, use a blockchain explorer such as Blockchair (supports multiple networks), Etherscan (for ERC-20 and Ethereum standard tokens). These tools will help you make sure your funds have arrived at the correct address.
Usually, the funding process can take a few minutes or even hours.
⚡️ Binance P2P platform: A complete guide
P2P is a convenient method of depositing or withdrawing funds using payment methods that are not directly supported by the exchange. The exchange process takes place directly between users, where they independently make transfers in the most appropriate ways.
Simple step-by-step instructions on how to buy bitcoin and other cryptocurrency on the Binance P2P platform:
- Go to the “Trading” section – “P2P”.
- Select the “Buy” option for the desired cryptocurrency, such as BTC. Then select the fiat currency.
- Optionally, you can specify the purchase amount and preferred payment methods to narrow down the list of offers, but this is optional.
- Explore the available bids from sellers, paying attention to transaction limits and payment options. After selecting a suitable offer, click “Buy BTC”.
- In the window that appears, specify the required amount and click “Buy BTC” again to open the transaction.
- Familiarize yourself with the details of the seller and the time allotted for making the payment. On the right side of the screen, a chat is available to communicate with the seller if you have any questions.
- After making the payment, don’t forget to confirm the transfer by clicking the “Confirm” button. Then you can wait for a confirmation from the seller that the money has been received.
⚡️ How to trade on Binance
There are six main types of trading available on Binance:
- Spot Trading: Buying and selling cryptocurrencies in real time at the current market price.
- Margin Trading: Using borrowed funds to increase trading volume and profit potential.
- Futures: Contracts to buy or sell an asset in the future at a predetermined price.
- Betting: Placing cryptocurrencies to earn passive income in the form of interest.
- Automated strategies (Auto-Invest and trading bots): Tools to automatically buy and sell cryptocurrencies according to set parameters.
- Personal trading (P2P trading): Direct exchange of cryptocurrencies between users using various payment methods.
📌 Let’s look at the two main types of trade:
🔥 Spot trading
The simplest form of trading on Binance, suitable even for beginners, involves exchanging assets with instant settlement. This basic method comes in two versions: classic and advanced. The advanced interface includes additional features, although the core functionality of both options is the same.
Key Elements of the Trading Terminal:
Top Panel: Displays the selected trading pair and current market data such as daily highs and lows, trade volumes, etc.
Order Book (left side): Shows active buy and sell orders for cryptocurrencies.
Price Chart (center): Illustrates changes in the price of the chosen currency. While Binance provides its own charts, users can also connect TradingView charts, which many find more user-friendly.
Panel at Top Right: Lists all available trading pairs. You can search for a specific pair using the search bar or by browsing through categories.
Trade History (bottom right): Contains information about recent trades in the market.
Order Creation Tools (below the chart):
- Limit Orders: Allow you to set your desired purchase or sale price, after which the order is placed into the order book until conditions are met.
- Market Orders: Suitable for quick purchases or sales, executed immediately at the best available price among existing limit orders.
Fees: Fees for creating limit orders are lower than those for placing market orders, encouraging participants to create more offers. There are also enhanced types of orders like stop-limit, which adds a trigger condition: when the price reaches a certain level, it creates a limit order with specified parameters.
This detailed overview will help you better navigate the Binance platform’s interface and tools.
🔥Futures trading
Futures trading on Binance allows you to capitalize on both rising and falling prices, opening up access to a wide range of strategies. Binance Futures offers two variants of such contracts: with margin in USDT or in the underlying cryptocurrency.
The safety and reliability of the platform make it an ideal choice for those who want to try their hand at futures trading.
Futures trading is most often recommended for experienced users, especially when it comes to leveraged trading. This involves the ability to take a “loan” from the exchange to increase trading volume. In case of a successful transaction, both parties make a profit, but it is important to take into account the associated risks.
Before starting real trading, we recommend practicing on a demo account, where you can avoid losing real funds. To do this, go to testnet.binancefuture.com and create a separate account (you can use the same email as your main account). You will be provided with virtual 100,000 USDT, with which you can practice in conditions identical to real ones in order to master the peculiarities of market functioning.
⚡️ How to withdraw funds from the exchange
Profits from trading or investments are best withdrawn from Binance, as no centralized exchange provides absolute reliability. To make a withdrawal, go to the “Wallet” section, then select “Fiat and spot”. Then decide on the desired currency or cryptocurrency and click “Withdraw”.
Fiat withdrawal
Fiat can be withdrawn to cards or payment systems, depending on which methods are available in your area.
Cryptocurrency Withdrawal
Similar to the deposit procedure, it is important to correctly specify the network for sending cryptocurrency. Take into account the value of the network commission, the set limit and the minimum allowable amount for withdrawal. The duration of the withdrawal of funds to the wallet is determined by the peculiarities of the blockchain.
