What is Binance, how to play Binance?
Binance is considered the largest cryptocurrency and Bitcoin exchange in the world today. At Binance you can trade with the most famous cryptocurrencies on the market including $BTC , $ETH , $BNB .. and other coins. Top altcoins with the lowest transaction costs and the fastest, most stable speeds.
Binance was founded in 2017 by Changpeng Zhao aka CZ, a Chinese who grew up in Canada and is experienced in the field of blockchain and cryptocurrency. He was on the development team of Blockchain.com, the world's first e-wallet, and was the technology director of China's leading virtual currency exchange, OKCoin.
Sign up for Binance here
Binance was founded in China but the exchange moved its servers and headquarters out of China and into Japan before the Chinese government's ban on cryptocurrency trading in September 2017 and in March In 2018 the company established an office in Taiwan.
Binance is one of the largest cryptocurrency exchanges in the world in terms of trading volume and number of registered users. For Vietnamese traders, Binance is the top choice because it provides the best services such as: Friendly interface, easy to use, support for many cryptocurrencies, transaction processing speed. Fast, low transaction fees, high security and dedicated customer support service..
Binance registration link
Is Binance reputable?
Binance is one of the most reputable crypto exchanges in the world. The exchange is favored by many investors because of its good security, guaranteed security along with low transaction fees and high liquidity. In particular, with the Binance exchange, the transaction process takes place very quickly and conveniently.
Binance enhances security with the U2F authentication method, in addition, Binance also encourages users to enable 2FA two-factor authentication by sms authentication or using Google Authenticator. Additionally, investors trading on Binance have an option to whitelist addresses and set up anti-fraud codes. All withdrawals from Binance must be confirmed again via the exchange account holder's email.
As the most famous virtual currency exchange at the present time, with the reputation and transparency from CZ, Binance is always considered by traders to be one of the most reputable exchanges today with superior features in terms of Security, chosen by many people. In addition, the transaction fee on the Binance exchange is quite low, only 0.05% per transaction, while the fee on other exchanges such as Bittrex exchange is 0.25%, Poloniex exchange is 0.1% - 0.25% or Bitfinex exchange is 0.1% – 0.2%.
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How much money do you need to play Binance?
Just like other investment fields such as stocks, shares, gold, foreign exchange... Bitcoin investment is an activity that uses available financial resources to generate profits. To put it simply, it's how we take money to buy Bitcoin at a low price and then sell it at a higher price to make a profit.
Cryptocurrency trading on Binance does not require their customers to spend a large amount of money. Investors can start with capital from $10 and then apply additional leverage to increase capital. However, leverage can diffuse profits but can also diffuse risks. If you misjudge the price or direction of cryptocurrency, the possibility of losing everything is extremely high.
You should only use leverage when you have a solid knowledge base and truly understand the market. How much money is needed to invest in Binance depends largely on the investor's idle capital. You should not borrow or sell land or house to invest here. Because of this, the investment psychology will not be comfortable. And the possibility of investment losses is even higher due to the influence of psychology.
Is it safe to leave money on Binance?
Currently, Binance wallet is considered quite safe in the cryptocurrency market. The wallet applies up to 4 layers of security including: Verification via text/SMS, Email, Google Authenticator... and to transfer coins out of the wallet, you must have at least 2 layers of security. As for Binance's reputation in the Crypto market, we also know that this is the most powerful cryptocurrency exchange today. And to achieve this achievement, the exchange must always improve the security of its system as well as its coin storage wallet.
When you keep money in your Binance wallet, you can immediately make transactions and exchange money at any time. This is great for long-term investors as well as day traders. If you catch a great price for a particular coin at the peak of a market bull run, you can immediately sell some or all of your coins for a profit. To do this, you need to regularly monitor the virtual currency market and promptly react to market changes to maximize profits.
Instructions for registering for Binance from A to Z
The Binance account registration process is extremely simple and fast. If you have any doubts, follow the instructions to register for Binance below to understand better.
Register an account: 100% free
Language support: Multi-language including English & Vietnamese
Reputation level: Safe
Support VND money: Yes
1. Register for a Binance account on your computer
To register an account on the Binance website or Binance desktop application, you only need to prepare a computer with a stable internet connection. Then follow the instructions below, to receive the "100 USDT trading fee refund" reward and start your cryptocurrency trading journey at Binance.
Step 1: Sign up for a Binance account
Visit the official website of Binance via the link: Here
Click Register by Email/phone. Additionally, you can also choose to register with a Google account and Apple ID.
Step 2: Fill in registration information
In this step, you need to fill in your email address or phone number correctly depending on the method you choose. Then press Continue to move to the next step.
Binance referral ID: 10833095
Filling in your referral ID gives you the opportunity to receive up to 600 USDT bonus bonus when doing tasks from the exchange + receive USDT commission refunds of up to 20% of Spot trading fees + 10% of Future trading fees.
Note:
By creating an account, you agree to Binance's Terms of Service and Privacy Policy.
Step 3: Confirm account registration
The system will send a 6-digit confirmation code to the email address or phone number you registered. You just need to check your email or phone message to get the OTP code, then enter the correct 6-digit verification code => press the "Send" button to continue. Note, this verification code is only valid for 30 minutes.
Step 4: Set a password
Next, set a password for your Binance account.
Note: Password must contain at least 8 characters, including one capital letter and one number. Then, click Continue to complete the steps to create a Binance account.
So you have successfully created a Binance account. However, to unlock fiat deposit and withdrawal limits and start trading on Binance, you need to verify your account.
Step 5: Verify Binance account
To verify your account, click "Verify now" after successfully registering an account or go to Profile => select Verify.
The steps to verify a Binance account are as follows:
Country of residence: Select the country in which you reside => Click "Continue" to go to the next step.
Personal information: Provide personal information including full name and date of birth => Click Continue. Note that this information must match the documents you use to verify your Binance account.
Home address: Provide your current permanent address, including full house/apartment number, street, postal code, city, country. => Click Continue.
Verify documents: Select the type of document you want to use to verify your identity and click Continue. Currently, Binance is supporting users to verify their identity via CCCD/ID card, Passport and driver's license.
Then, you need to download an image of the identification document of your choice to verify your account according to the instructions.
Note: Use original documents and photos of documents must be clear and detailed.
Download photo of verification document: Place your ID document in front of the camera => Click "Take photo" to take a photo of the front and back of your ID document.
Upload portrait photo: After uploading documents, the system will ask you to upload a self-portrait photo. Click "Upload file" and select an existing photo on your computer => Once completed, select "Continue" to go to the next step.
Face verification: You use your computer cam to directly verify your face. Place your face in the center of the screen as required. Then turn left, turn right, face up and down for the system to recognize. Please do not wear hats, glasses or use filters, and ensure adequate lighting.
If your computer does not have a camera, you can choose to verify with the Binance app on your phone by scanning the QR code to download the Binance app and complete identity verification.
After completing the above verification steps, you need to wait for the Binance exchange to review the application. When identity verification is successful, the system will send you an Email notification. So you can trade and use Binance services.
2. How to register for Binance on your phone
To register for Binance on your phone, you need to download the Binance application to your phone. You can download the Binance app directly on CH Play, your phone's App Store or scan the QR code on the Binance website to download the application.
After successfully downloading and installing the application, follow how to register a Binance account on your phone below.
Step 1: Register an account here
First, open the Binance application on your phone => Choose to register an account by Email/phone or register via Google account, Apple ID.
Step 2: Provide information
Next step, fill in the required information:
Register by Email: Enter your email address and password.
Register by phone number: Enter your phone number and password.
Then, check the box "I have read and agree to Binance's Terms of Service and Privacy Policy" and click "Create a personal account"
Enter Binance Referral ID: 10833095
Step 3: Confirm account registration
After filling in the information, the system will send a confirmation code to the email or phone number you registered. You just need to enter the exact 6-digit verification code sent to your email or phone number. Then click "Submit" to confirm Binance account registration.
Step 4: Verify Binance account
To be able to trade on Binance and increase your deposit/withdrawal transaction limit, you need to verify your account identity. Steps to verify Binance account on phone are as follows:
Select Verify immediately after successfully creating a Binance account. Or log in to your account => go to Profile => select Verify now.
Select the country in which you reside => Click Continue
Provide personal information, including full name, date of birth. Note, the information provided must match the information on the identification document you use to verify your Binance account. Select "Continue"
Provide your permanent address information, including: Full address, postal code, city, country.
Select the type of document you want to use to verify your identity. You can choose to verify via ID card/CCCD, driver's license, or passport.
Use your phone camera to take photos directly of account verification documents.
After successfully uploading the document image, you need to verify your face by looking directly at the phone camera and following the instructions.
The system will receive your account registration information, identity verification documents and censor within 24 hours. After the account opening application is approved, Binance will notify you via email or registered phone number.
Click to Open a Binace Account
How to secure your Binance account
Account security is extremely important, because it is related to your assets. In addition to not sharing account information with anyone, we recommend that you install 2-layer security to better protect your account.
There are 3 ways to help you secure your Binance account extremely safely: verification via phone number, verification via Email and Google Authenticator. To enable these 3 features, you just need to log in to your account, go to "Profile" => select "Security" and follow the instructions below.
Authenticate with Google Authenticator
After activating authentication using Google Authenticator, the system will ask you to download the Google Authenticator application and install it on your phone. To perform authentication, do the following:
Step 1: The Binance application provides backup code for you to set up as shown below.
Step 2: Open the Google Authenticator application, click the "+" button at the bottom right of the screen and select scan the QR code. Then you move your phone and scan the QR code on your computer screen and click Next.
Step 3: Next, the system will send you a backup code. Save it to restore Google Authenticator when you lose your phone.
Step 4: Return to the Binance application, enter the verification code sent via phone, email, Google Authenticator and then click next. Note that the 6-digit 2FA code sequence will automatically change after 30 seconds. Therefore, you need to use it immediately.
Verify by phone number
Step 1: Go to "Profile" => Select "Security" => Click "Activate" in the phone number verification section.
Step 2: Enter your phone number and click "Get code". The system will send a verification code via SMS, you just need to enter the confirmation code correctly. At the same time, you also need to fill in the verification code sent via Email and Google Authenticator if you perform this verification method first. Then press "Send"
Authenticate via email address
Step 1: Click on the activation item corresponding to the verification line via email address.
Step 2: Enter email address, verification code sent via Email, verification code sent via phone number, Google Authenticator. Then press send and you have completed the security via email. In the image below, we have not authenticated via Google Authenticator so the system is not displayed. If you have authenticated via Google Authenticator, the system will display a verification code box via Google Authenticator.
Click To Open A Binance Account
Above are detailed instructions on how to register for Binance on your phone and computer from A-Z. If you don't know how to register for a Binance account and authenticate your account, please refer to it. In general, as long as you possess complete identification documents, authentication is extremely simple.
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