Are you new to Binance and don't know where to start? Don't worry! Here is a simple guide to help you take your first steps safely and effectively on the leading cryptocurrency platform.
1. Create and Verify Your Account
The first step is to register on Binance. Make sure to complete the identity verification (KYC) to unlock all platform features and ensure the security of your account.
- Tip: Use a secure email and enable two-factor authentication (2FA) to protect your account. It is the Google Authenticator. They give you a code and you have to enter it where requested.
2. Learn the Basics
Before investing, it is important to understand the essentials. Here are some key terms:
- Bitcoin (BTC): The first cryptocurrency and market benchmark.
- Altcoins: Cryptocurrencies other than Bitcoin, like Ethereum (ETH) or Binance Coin (BNB).
- Wallet: Where you store your cryptocurrencies. Binance offers secure integrated wallets.
3. Start Buying Cryptocurrencies
Do you have some money ready to invest? Use these options on Binance:
- Buy with card: The easiest and fastest way for new users.
- P2P Trading: Buy directly from other users without intermediaries.
- Binance Convert: Convert one fiat or crypto currency to another with a click.
4. Explore Passive Income Options
If you do not want to trade actively, Binance offers ways to grow your portfolio:
- Staking: Lock your cryptos and receive rewards.
- Binance Earn: Earn interest for holding your coins on the platform.
- Launchpad: Participate in new projects and gain benefits.
5. Learn and Be Careful with Risks
Invest only what you are willing to lose and always do your own research (DYOR). Binance Academy is an excellent resource to learn more about cryptocurrencies and blockchain.
5. Connect with the Community
Binance Square is a perfect space to interact with other users, learn strategies, and stay updated on the market. Follow experienced traders and participate in relevant discussions.
