How to Register for Binance for Beginners, Doesn't Take Long!

For those of you who are still beginners in the crypto world, you must be looking for ways to register on Binance. You can do it in just a few minutes and it doesn't take long.

Before fellow Vicigers proceed to registering and verifying an account on Binance, it's a good idea to know a little about what it is Binance. 

Binance is the world's largest crypto exchange company, the company was founded by Changpeng Zhao, who was founded in 2017 and registered in Cayman.

Changpeng Zhao is a developer who creates software for high frequency trading. Binance was originally based in China, but later moved its headquarters from China to the Chinese government's rising cryptocurrency regime.

This platform has a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in over 500 virtual cryptocurrencies and tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).

In 2018, he moved his corporate headquarters to Malta, EU, in response to China's strict regulations on crypto exchange business.

How to Register for Binance in Five Minutes

If Vicigers friends already know what Binance is, the next step is to create an account to trade or invest in cryptocurrencies. The way to register for Binance is as follows.

Download the Binance App

The first way to register for Binance is to register by downloading the application first. Buddy can choose to use email or mobile number to complete the first registration and click create account. 

Enter the Correct Puzzle

Then there's the verification puzzle that appears in the popup window. Buddy must match the puzzle and must match.

Email Confirmation

Then check your email, a verification code will be sent to your email, and paste it into the box provided on the page (like this photo). If the code entered is correct, you will be redirected to the Binance welcome page. This means you have successfully registered.

Don't be happy, because there is another phase, data verification, because before successful KYC verification, you cannot buy/sell crypto on Binance yet. 

Account Verification Through Binance Website

The next way to register for Binance is account verification. Click the user center like photo number 1, then continue as number 2 then select Identification.

Click Verify Menu

Then you will be on the next page and click verify now. If successful, it will show that your account has been verified.

Continue to Main Page

In the next Binance registration method, you must fill in your bio to carry out basic verification. Fill out all the information forms, such as first name, middle name and last name (if any). Write down the date of birth, don't forget it, because it is very important.

Like other crypto exchanges, Binance offers services around trading, listing, fundraising, and delisting or withdrawing cryptocurrencies.

Cryptocurrency enthusiasts looking to launch their own token can use Binance to raise funds through an initial coin offering (ICO). Binance is used by a large number of traders and participants to exchange and invest in various cryptocurrencies.

Binance Trading supports three types of trading orders: limit, market, and stop-limit orders. Limit orders are executed only at the limit price specified by the trader. Market orders are executed immediately at the best available market price. A stop limit order becomes a valid order only when the price reaches the specified level.

The Binance Advantage

In addition to exchange-specific services, Binance also offers other tools, platforms and services. Some of them are as follows.

Binance Earn is a platform for staking or earning interest by depositing stablecoins on exchanges. Depending on the coin and tenor, exchanges offer investors many options and interest rates for these coins.

The Binance Visa Card is a credit card that allows users to convert their cryptocurrency into fiat money and spend it on products and services. While conversions are not subject to administrative fees, third party fees, in the form of payment network fees, do apply.

Also read: Binance Partners with the Brazilian Football Confederation

The BInance smart pool allows miners to switch between different cryptocurrencies for mining to optimize and multiply their earnings.

Binance has an incubator blockchain technology called Binance Labs, which focuses on nurturing promising pre-ICO stage projects.

They assist deserving cryptocurrency project teams by providing the necessary funding for development, advisory resources, and a launch pad for required checklists and fundraising exercises.

Binance also offers a site called LaunchPad to host new and emerging blockchain projects as well as an API interface. As of March 2021, 42 projects have been launched.

This platform also launches cryptocurrency Binance Coins (BNB) itself went through an ICO in July 2017. BNB has a market capitalization of approximately $36.4 billion, as of March 2021. It is set to become the native currency of the decentralized exchange Binance.

Binance Coin (BNB) is the platform's internal token. It is used to facilitate crypto trading on the Binance exchange. The coin was launched during an initial coin offering (ICO) in July 2017.

Also read: Binance Enters Exclusive NFT Partnership with Cristiano Ronaldo

Binance is offering 20 million BNB tokens to angel investors, 80 million tokens to the founding team, and the remaining 100 million tokens to various participants through the ICO process.