Binance was established in 2017 and was originally founded in China. Due to the Chinese government's gradual tightening of regulations on cryptocurrencies, Binance's headquarters has since moved overseas. However, despite Binance announcing in 2021 that it planned to 'expel mainland Chinese users,' this 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 want to use a foreign email, it is recommended to choose Outlook or Gmail.
Network Access: If you encounter issues accessing the Binance official website in mainland China, you can use a VPN or a proxy to access Binance in global mode.
Regional Restrictions: Binance cannot support account registration from IPs in the US 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 these steps:
Open the registration page: Click the link below to access the official Binance registration page:
(Enter 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 mobile number or email. Fill it out and 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 be taken to the password setting page. The password must be at least 8 characters long and contain at least 1 uppercase letter and 1 number. Once you've set the password, click 'Submit' to complete registration.
Download the Binance APP: After registration, you can download the Binance app to log in and trade.
Download through 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’s how to obtain one:
Change the region of your existing Apple ID;
Register a new overseas Apple ID;
Purchase an overseas Apple ID through platforms like Taobao.
Verify Identity (KYC): To enhance account security and increase trading limits, you need to complete identity verification. The system will prompt you for KYC certification during trading. Simply upload a valid ID and perform facial recognition, and the review will usually be approved 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 modified fake Binance app download packages have appeared in the market, and these malicious apps may steal your funds. To ensure asset safety, be sure to download the Binance app from official channels and remain vigilant to avoid installing applications from unknown sources.
Trading on Binance
After completing account registration and identity verification, you can start trading cryptocurrencies on Binance. Here are some basic steps for using the Binance platform:
Deposit Funds:
Cryptocurrency Deposit: If you already have cryptocurrency, you can transfer it 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 through OTC (over-the-counter) platforms, and you can choose payment methods like Alipay or WeChat.
Choose Trading Pair: On the Binance platform, you can choose to trade spot, futures, etc. Select the appropriate trading pair (such as BTC/USDT, ETH/USDT, etc.) according to your needs, and place orders to buy or sell.
Withdrawal: After the transaction is complete, if you want to withdraw funds to an external wallet or bank account, you can perform the withdrawal operation on the Binance platform. Please ensure the accuracy of the withdrawal address, especially when withdrawing cryptocurrency, and be careful when entering the wallet address.
Frequently Asked Questions
1. What should I do if the Binance registration page cannot be opened?
If you encounter issues opening 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 my Binance account?
To ensure account security, in addition to enabling two-factor authentication (2FA), it is recommended to regularly check your account transaction history and remain vigilant, avoiding logging into your Binance account on insecure networks like public Wi-Fi.
3. Are there any tax issues to be aware of?
China's tax policy on cryptocurrency transactions is not clear, but if you engage in large transactions or profits, it is recommended to consult a professional tax advisor.
4. Is the KYC certification process of Binance cumbersome?
The KYC certification process of Binance is relatively simple. Users only need to upload a valid ID and a selfie, and complete facial recognition. After certification is approved, your account will have a higher trading limit.
Summary
Although cryptocurrency regulation in mainland China is becoming increasingly strict, users can still successfully register and use the Binance platform through some compliant methods. With the latest registration tutorial provided in this article, you can easily complete Binance registration, identity verification, and security settings, and start trading cryptocurrencies. Always remain vigilant to ensure the safety of your account and assets.
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