Binance Registration Process
As the world’s largest exchange platform by volume, Binance offers online traders an opportunity to trade different cryptocurrencies from as low as 0.1%.
Binance attracts new Bitcoin and altcoin crypto traders daily. After learning about Binance, most traders may wonder, what is Binance's Registration Process? To find out, read on!
Binance should be your preferred exchange platform if you miss an ICO and want to follow it up in 2021.
Binance Registration Process 2021 (How To Open A Binance Exchange Account)
- Visit Binance’s Website
For cybersecurity purposes, examine Binance's website URL and search for a secure certificate to verify its authenticity. This is to avoid falling into the trap of phishing sites crop up, given Binance's popularity and the large volume of data transacted within a day.
Click On The Register Prompt
While still at the home page, find the "register" tab located at the top right-hand corner. Right-click on the tab, and you will be redirected to a new page. You are required to fill out all the necessary information as prompted. You will then be required to confirm that you have read the terms and conditions and agree to conform.
Verify your information and then click on register to move to the next step. A confirmation message will be sent to the email address you have provided.
Disclaimer: Please read the terms and conditions carefully before agreeing to what has been written.Verify Your Email Address
Check out the email address you have provided to confirm the code in step 2 above. Enter the verification code on the boxes provided without missing a number.
Your email address will then be confirmed, and you will be set. Start exploring your Binance account.
- Enable 2FA
You will, however, need to set up two-factor authentication, 2FA, for your account. This will only be possible after your account has been created successfully.
The digital nature of online trading and exchanges exposing them to a multitude of security risks. Cybercriminals have also advanced with the advancement of cryptocurrencies and have developed methods of tampering with trading.
Many traders have hence lost their valuable coins through insufficient security protection measures or ignorance.
The 2FA will help increase the security of your Binance account. You should see a pop-up screen on your first-time login prompting you to enable 2FA.
How To Set-Up 2FA
• Download Google Authenticator App
• Login to Binance and continue to the "Toe Factor Authentication" found under the security settings.
• Scan the QR code using the Authenticator app with link Binance and enter the 6-digit code provided by the app into the 'Authenticator Code Field.
• You are set to go
Can I Start Trading Immediately After a Successful Binance Registration Process?
No, to start trading, fund your Binance account with existing Cryptocurrency. Any other cryptocurrency exchange wallet can be used to fund your account.
How Do I Fund My Newly Opened Binance Account?
- Click On the “Deposit” Page On Your Binance Account
The first page that pops up after login in contains a "Funds" tab at the top right-hand corner.
Click on the tab, and you will receive a drop-down menu containing the Deposits Withdrawals option.
Select The Cryptocurrency You Want To Deposit
You will receive a long list with various options on the type of coin you want to deposit.
If you choose to deposit BNB (Binance Coin), be sure to click the Deposit icon designated for
BNB.Transfer Your Coins
You will receive an address linked to the cryptocurrency coin you choose to deposit. In short, you will be redirected to the BNB/BTC wallet or any other that you preferred.
Open your wallet containing stored Cryptocurrency and select the amount you want to send to your Binance account.
Click on the send option in your wallet, and your Binance will be funded in an instant, and you can start trading.
What is Binance Trade Coin?
Binance Coin (BNB) is the Cryptocurrency used by Binance, allowing you to make payments for different types of fees in Binance Exchanges such as Trading, Withdrawal, & Listing Fees.
Can I Start Trading After Funding My Binance Account?
Yes, you are now set for your first exchange after funding your Binance account and receiving your 25% fee trading fee discount.
You have two options to select from; a Basic option for beginners and an Advanced option for intermediate users.
For beginners, the Basic setting will offer you a straightforward layout that will help you navigate through all the information you need.
As a new user, familiarize yourself with cryptocurrency trading terms to get the best from the basic setting. You can watch beginner-friendly Binance tutorials online to start you off.
Use the Advanced setting if you have been trading. You will get access the complex features such as market analytics and price charts hence why it's not recommendable for beginners.
Are There More Fee Discounts In Binance?
Yes, Binance offers different categories of discounts for cryptocurrency traders up to the 4th year. Login to your Binance account to see your options.
You will get discounts of 50%, 25%, 12.5%, and 6.75% in your 1st, 2nd, 3rd, and 4th year consecutively.
Ensure that you have Binance Coins in your account to continue enjoying the discounts.
You will be cut off from the fee discount if you run out of BNB. Ensure that your account is always loaded with BNB coins.
The option is activated by default on Binance, but you should ensure that it’s on. You will receive a discount which will enable you to pay lower trading fees on your newly opened account.
Conclusion
Binance is a fast-growing cryptocurrency trading platform promising to take the lead as the largest crypto exchange in terms of the trading volume.
Compared to other big exchanges, coins and tokens with an ICO may stand a listing chance with Binance.
Follow the simple registration process, fund your Binance account preferable with BNB coins, enjoy better prices, and have a greater probability of your exchange orders being filled.
Sources
https://www.binance.com/en
https://www.binance.com/en/bnb
https://www.binance.com/en/fee/schedule
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