Binance was established in 2017, originally founded in China. Due to the gradual tightening of cryptocurrency regulation by the Chinese government, Binance's headquarters has moved overseas. However, despite Binance's announcement in 2021 to 'withdraw from mainland Chinese users,' it has not been fully implemented in practice. Therefore, users in mainland China can still trade on the Binance platform.
This article will detail the registration and usage process of Binance in mainland China for 2024, providing the latest tutorials and practical advice for those in need.
Register a Binance Account
Registration Notes
Email Registration: Domestic users can use QQ Mail, 163 Mail, etc.; if you wish to use a foreign email, it is recommended to choose Outlook or Gmail.
Internet Access: When accessing the Binance official website in mainland China, if you encounter issues opening it, you can use a VPN or proxy to access Binance in global mode.
Regional Restrictions: Binance cannot support IP registrations from the United States and Singapore, so you need to use an IP from another region to complete registration.
Binance Registration Process
The process of registering a Binance account is very simple; just follow the steps below:
Open the Registration Page: Click the link below to enter the official Binance registration page:
(Enter the invitation code CS7MMKKE during registration to enjoy up to 20% trading commission rebate)
Choose Registration Method: You can choose to register an account using your phone number or email. After filling it in, click 'Next'.
Receive Verification Code: Binance will send a verification code to the email or phone number you provided. The verification code is valid for 30 minutes, so please check your email (or SMS) promptly and enter the code.
Set Password: After entering the verification code, you will enter the password setting page. The password needs to be at least 8 characters long and contain at least 1 uppercase letter and 1 number. After setting the password, click 'Submit' to complete registration.
Download Binance APP: After registration is completed, you can download the Binance APP for login and trading.
Download via the Binance official website (Binance APP download). If you are using an Apple device, you may need to use a foreign Apple ID to download the Binance app. Here are specific ways to obtain it:
Modify the existing Apple ID region;
Register a new overseas Apple ID;
Purchase an overseas Apple ID through platforms like Taobao.
Identity Verification (KYC): To enhance account security and increase trading limits, you need to undergo identity verification. The system will prompt you to conduct KYC certification during trading. Just upload valid identification documents and perform facial recognition; the review typically passes in a short time.
Enable Two-Factor Authentication (2FA): To ensure account security, it is recommended to enable Binance's two-factor authentication (2FA). You can choose to use the Binance authenticator or Google authenticator to enhance account security.
How to Avoid Downloading Fake Binance Apps
Recently, some tampered fake Binance app download packages have appeared on the market. These malicious apps may steal your funds. To ensure asset safety, make sure to download the Binance app from official channels and remain vigilant to avoid installing applications from unknown sources.
Trading with Binance
After completing account registration and identity verification, you can start trading cryptocurrencies on Binance. Here are some basic steps to use the Binance platform:
Deposit Funds:
Cryptocurrency Deposit: If you already have cryptocurrencies, you can transfer them from other platforms or wallets to your Binance account.
Fiat Deposit: If you want to deposit in RMB, you can do so through Binance's fiat trading area. Binance supports RMB deposits via OTC (over-the-counter) platforms, and you can choose payment methods like Alipay, WeChat, etc.
Select Trading Pair: On the Binance platform, you can choose to conduct spot trading, futures trading, etc. Choose the appropriate trading pair (such as BTC/USDT, ETH/USDT, etc.) based on your needs, and place orders to buy or sell.
Withdrawal: After the trading is finished, if you want to withdraw funds to an external wallet or bank account, you can operate the withdrawal on the Binance platform. Please ensure the accuracy of the withdrawal address, especially when withdrawing cryptocurrencies; be cautious when entering wallet addresses.
Frequently Asked Questions
1. What should I do if the Binance registration page cannot be opened?
If you encounter problems accessing Binance while in mainland China, it is recommended to use a VPN tool to connect to a country/region that supports access to Binance, and then try registering again.
2. How to ensure the security of the Binance account?
To ensure account security, in addition to enabling two-factor authentication (2FA), it is advisable to regularly check your account transaction records and remain vigilant, avoiding logging into your Binance account on insecure networks such as public Wi-Fi.
3. Are there any tax issues to pay attention to?
China's tax policy on cryptocurrency trading is not clear, but if you engage in large transactions or make profits, it is advisable to consult a professional tax advisor.
4. Is the KYC certification process of Binance complicated?
The KYC certification process of Binance is relatively simple. Users only need to upload valid identification documents and a selfie, and complete facial recognition. Once certified, your account will have a higher trading limit.
Summary
Although regulation of cryptocurrencies in mainland China is becoming increasingly strict, users can still smoothly register and use the Binance platform through some compliant methods. With the latest registration tutorial provided in this article, you can easily complete the registration, identity verification, and security settings of Binance, and start trading cryptocurrencies. Always remain vigilant to ensure the safety of your account and assets.
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