Below is a guide to using Binance that I want to share with you, simple, easy to understand, and extremely friendly for those who are new to the crypto market.

1. Register a Binance account

First, you need to have a Binance account. This is the first important step for you to be able to participate in buying and selling coins on this exchange.

  • Step 1: Click register for a Binance account

  • Step 2: Enter your email or phone number, along with the password you want to create. Note, the password should be strong enough to be secure!

  • Step 3: Verify your account with the code sent to your email or phone number. Now you have a Binance account!

2. Verify account

To ensure your safety and allow you to fully utilize Binance's features, identity verification is required.

  • Step 1: Go to Personal Profile (top left corner), select Verify Identity.

  • Step 2: You just need to upload a photo of your ID card/CCCD or passport. Binance will ask for some more personal information, just fill it in completely.

  • Step 3: Wait for Binance to approve, it usually only takes a few hours. After that, your account will be verified and ready to trade!

4 steps to verify binance account

3. Deposit funds into your Binance account

Depositing is the next step for you to be able to buy coins:

  • Step 1: Go to the Top-up section on the main interface of the application.

  • Step 2: Choose Bank transfer or deposit via e-wallet. You can deposit VND, USDT, or other cryptocurrencies.

  • Step 3: Follow the instructions to transfer money, and you have completed depositing money into Binance.

Deposit coins to Binance exchange

4. Buy coins on Binance (P2P)

Once you have deposited money, you can start buying coins. I find P2P trading the most convenient and easy way for beginners:

  • Step 1: Open the app, select P2P Trading.

  • Step 2: Choose the coin you want to buy (like USDT, BTC, BNB...).

  • Step 3: View the list of sellers, choose the one that suits your price and payment method (bank transfer is the most popular).

  • Step 4: Enter the number of coins or VND amount you want to buy, then click Buy.

  • Step 5: Transfer money according to the seller's information. After completing the payment, remember to click Transferred and wait for the seller to confirm.

5. Transfer coins to Spot wallet

Once the P2P transaction is complete, your coins will be in your P2P Wallet. For easier trading or safer storage, you should transfer your coins to your Spot Wallet.

  • Step 1: Go to Wallet -> P2P.

  • Step 2: Select the coin type and amount you want to transfer, then click Transfer to Spot Wallet.

6. Sell coins and withdraw money

If you want to sell coins to exchange for VND, you can use the P2P function again:

  • Step 1: Go to P2P Trading, select the Sell tab.

  • Step 2: Select the coin you want to sell, enter the quantity and select a buyer.

  • Step 3: When the buyer pays, you will receive the money into your bank account.

7. Account Security

Security is extremely important. You should enable 2-Factor Authentication (2FA) to better protect your account:

  • Step 1: Go to Personal Profile -> Security.

  • Step 2: Turn on Google Authenticator or authenticate via phone number, extremely easy but very effective!

8. Withdraw money from Binance to bank account

When you want to withdraw money, you need to sell coins via P2P to get VND to your bank account:

  • Step 1: Go to P2P Wallet, select the coin you want to sell.

  • Step 2: Sell coins on P2P and the money will be transferred to your bank account.

Conclude

Above are the basic steps to start using Binance easily.

Whether you are new to the cryptocurrency market or have experience, Binance provides the necessary tools for you to trade conveniently.

REGISTER FOR A BINANCE EXCHANGE ACCOUNT NOW TO START TRADING

Get started with these simple steps and explore the crypto world with confidence!