Key Points
Binance is trusted by over 200,000,000 users worldwide. If you want to join this growing community, open a Binance account today and start investing or trading in minutes.
To start using Binance, you need to create an account, complete identity verification, and select a payment method to buy coins.
You can buy cryptocurrencies on Binance in a variety of ways, such as credit/debit card, bank transfer, or peer-to-peer (C2C) transactions.
To ensure the security of your Binance account, be sure to use a strong password, enable two-factor authentication, and set an anti-phishing code.
Introduction
A Binance account is your gateway to the blockchain and Web3 world, and the best place to start your cryptocurrency trading journey. This guide will teach you how to get started with the Binance exchange. The steps are simple, including opening an account, completing identity verification, choosing a payment method, and obtaining crypto assets.
How to create a Binance account
Before you can buy your first Bitcoin or BNB, you must open an account.
1. Binance permanent up to 35% m fee reduction registration 👇https://accounts.binance.com/zh-CN/register?ref=835078798Do not connect to the US IP when registering. Binance supports mainland users. After mainland users register, they can select China as the authentication area for normal authentication. Note: When registering, please remember to fill in the referral code: 835078798 to obtain permanent fee reduction
2. Enter your email address and choose a secure password. If you wish, you can also register using your mobile number instead of email.
3. Enter the 6-digit verification code received via email or mobile phone number, and then click [Next].
4. Create a strong password with at least 8 characters (including at least 1 number and 1 capital letter). Never share this password with anyone.
5. Once you have completed the identity verification, your Binance account is now set up. Now you are only one step away from buying coins. Next, we will show you how to complete your first coin purchase transaction.
How to Buy Crypto on Binance
Before you can buy crypto on Binance, you will need to complete the KYC (Know Your Customer) identity verification process. KYC helps verify your identity and satisfies our legal requirements.
Once identity verification is complete, you will be able to buy cryptocurrency via different methods.
1. Credit/Debit Card: The easiest way for new users to buy coins.
2. Fund your fiat and spot accounts: Transfer fiat currency from your bank account and use it on Binance.
3. Binance C2C: Use Binance peer-to-peer service to buy cryptocurrencies directly from other users.
Buy coins using a credit or debit card
1. Click [One-click Buy] in the top menu, then select [Buy & Sell].
2. Next, select the type of fiat currency you want to pay and the currency you want to purchase. Click the [Add New Card] button to continue adding bank card information.
3. Enter your bank card information and click [Confirm]. Please note that you can only use your registered credit or debit card.
4. Please check the order details carefully. You can click the three-dot button […] to view the exchange rate and handling fee.
5. If you have read and agreed to the Binance Terms of Use and Privacy Policy, please check the box. When everything is ready, click [Confirm] to complete the payment.
6. Once you have completed the process, your purchased cryptocurrency will be credited to your personal Binance spot account. It usually takes no more than 10 minutes from account opening to completing the purchase.
How to Trade Crypto on Binance
At some point you may want to start trading cryptocurrencies. If you are not comfortable with traditional trading interfaces, we recommend using the Binance Instant Exchange feature.
1. Go to the Binance homepage, hover over [Trade] in the top menu, and then select [Instant Exchange & Block Trade] to enter the instant exchange page.
With the "Quick Exchange" tool, you can select the cryptocurrency pair you want to trade through a simple interface. This tool also supports cashing out to fiat currency or buying cryptocurrencies with fiat currency.
2. Select the currency you want to pay in the upper field and enter the amount. Select the cryptocurrency or fiat currency you wish to receive in the lower field. Please note that the default setting is [Market Price], which means that you will perform a flash transaction at the current market price, which is also called the spot price.
3. Confirm your selection and click [Preview Exchange Results]. You can also see the next transaction.
If you are satisfied with the details displayed on the preview page, you can click [Quick Exchange] to confirm the order.
4. To create a limit order, select the Limit option from the top menu. A limit order allows users to buy or sell cryptocurrencies at a specific price or better.
In the example below, we are placing a limit order that will convert our 50 USDT into an equivalent amount of BNB when the BNB price drops to 610 USDT.
How to use the Binance spot trading interface
1. Click [Trade] in the top menu and select [Spot Trading].
2. Next, you will be redirected to the Binance spot trading interface.
3. The order book will be displayed on the left:
Sell orders (Ask price) are in red.
Buy orders (bid price) are green.
4. In the center of the page, you will see an interactive trading chart for the selected trading pair. The following figure takes BTC/USDT as an example.
5. The trading pair list appears on the right, which contains all the trading pairs available for trading on Binance. You can also use the "Search" function to find a specific trading pair.
6. Below the trading chart is the order area where you can create buy and sell orders. If this is your first trade, please top up funds to your spot account first.
7. For example, if you want to use USDT to buy BTC, you need to top up USDT to your spot account first. Click the [+] icon to top up your account and select your preferred top-up method.
How to buy BTC with USDT
1. First, select the order type. A limit order allows you to set a specific price (not necessarily the current price), while a market order attempts to execute the order as quickly as possible at the current market price.
2. If you selected a limit order, set the quantity and price, then click Buy BTC.
3. A notification will appear in the upper right corner of the screen indicating that the order was successfully placed. You can track your pending limit orders at the bottom of the trading interface.
4. When the BTC price reaches the order price you specified, your order will be filled.
How to sell BTC for USDT
The process of creating a sell order is almost the same. Here we take a market order as an example to show you how to sell BTC for USDT.
1. Select the order type, set the quantity and click [Sell BTC].
2. Since we are creating a market order, the sell order will be placed immediately and if there is sufficient liquidity, this order will be filled immediately at the best market price.
If you still have questions about spot trading, or want to learn more about how to use the Binance spot trading interface, please refer to our Binance Spot Trading Guide.
How to protect your Binance account
Using a strong password and our security features will help keep your funds safe. Please make sure to follow the security steps below.
Set strong passwords and change them regularly
This step is so important that you can't help but you'd be surprised how many people still choose simple, easy-to-remember passwords. Your password should always contain uppercase and lowercase characters, mixed with symbols and letters. Of course, be sure to keep your password safe and don't share it with anyone.
Enable Two-Factor Authentication (2FA)
We strongly recommend setting up your account with two-factor authentication (2FA). This adds an extra layer of security, as even if a hacker cracks your password, they would have to access your physical 2FA device to log in.
Google Authenticator App or SMS verification are effective solutions.
Enable Binance Anti-Phishing Code
Once you have added an Anti-Phishing Code to your personal Binance account, it will appear at the top of every email you receive from Binance. You can manually define an Anti-Phishing Code using a series of letters or numbers.
This way, you can be sure that the message you receive is actually sent by Binance and not from a fake email address. In other words, it helps prevent phishing attacks.
For more information on account security, please refer to 7 Simple Steps to Protect Your Binance Account.
Conclusion
When it comes to crypto, opening a Binance account and making your first trade is just the beginning. Binance is more than just a regular buy and sell exchange. It offers a lot more than just a trading platform. If you’ve never seen a trading view before, it can be confusing at first. Binance Academy offers a ton of trading articles and guides to help you get started with trading tools and even develop your own trading strategy.
For more details, please see https://www.binance.com/zh-CN/square/post/13386828340009
